Written by ForexBrokers.com
In this head to head comparison of Swissquote vs BlackBull Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Established in 1996, Swissquote stands as a highly trusted online broker, offering a Trust Score of 99 out of 99 according to ForexBrokers.com. As a publicly traded bank with an impressive five Tier-1 licenses and two Tier-2 licenses, Swissquote provides a secure and reliable platform for trading. Its dual role as both a financial institution and a broker adds a level of safety and assurance that is difficult to match in the financial markets.
In contrast, BlackBull Markets, founded in 2014, operates as a younger player in the brokerage field. It is privately owned and does not function as a bank. The platform holds one Tier-1 license, and with a ForexBrokers.com Trust Score of 78 out of 99, it is considered to represent an average risk. While it may serve as a viable option for some traders, it lacks the comprehensive regulatory backing and financial transparency that Swissquote provides.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Looking strictly at commissions and fees, BlackBull Markets tends to be cheaper than Swissquote. BlackBull earns 4.5/5 stars for pricing and is ranked #19 out of 63 brokers by ForexBrokers.com, while Swissquote scores 3.5/5 stars and ranks #54 out of 63. Swissquote’s appeal as a Swiss banking brand comes with slightly higher trading costs, whereas BlackBull’s pricing—especially on its Prime account—lands closer to low-cost competitors.
Swissquote’s fees vary by entity and account. In the U.K., the Elite account (requires a $10,000 deposit) uses a commission model with lower spreads and a $5 round-turn per trade, making it the most cost-effective option there; the Standard account starts at 1.3 pips on EUR/USD and the Prime account advertises minimum spreads from 0.6 pips. In Luxembourg, spreads range from about 1.5 pips (Standard, $1,000 minimum) to 0.8 pips (Prime, $50,000 minimum), similar to the U.K. In Switzerland, forex accounts start at 1.7 pips (Standard, $1,000), 1.4 pips (Premium, $10,000), and 1.1 pips (Prime, $50,000), with custom pricing available for high-volume traders.
BlackBull Markets offers three accounts. The Standard account is commission-free with higher spreads and no minimum deposit. The Prime account requires $2,000 and charges $3 per side ($6 round turn) with an average EUR/USD spread of 0.16—an all-in cost around 0.76 pips based on March 2024 data. The ECN Institutional account targets active traders with $20,000 minimum and lower commissions of $2 per side ($4 round turn). For many traders, BlackBull’s Prime account delivers lower all-in costs than comparable Swissquote options.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average Spread EUR/USD - Standard | N/A | 0.71 |
| All-in Cost EUR/USD - Active | N/A | 0.71 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Swissquote and BlackBull Markets, both online brokers offer robust platforms for forex trading with contracts as either CFDs or spot contracts. Swissquote provides a selection of 472 tradeable symbols, while BlackBull Markets offers a significantly higher number at 26,000. Swissquote offers a broader range of forex pairs with 80 available, compared to BlackBull Markets' 72 pairs. Both brokers give clients access to exchange-traded securities on U.S. and international exchanges, making it possible for traders to invest in companies like Apple and Vodafone.
For cryptocurrency enthusiasts, Swissquote stands out as it allows clients to purchase actual cryptocurrency, a feature BlackBull Markets does not provide. However, both platforms offer cryptocurrency derivatives for those interested in these instruments. Additionally, each broker supports copy trading, which can be advantageous for novice traders looking to mimic successful strategies. Swissquote and BlackBull Markets both receive high ratings of five stars for their range of investments. However, Swissquote is ranked slightly higher at #2 compared to BlackBull Markets, which holds the #6 spot according to ForexBrokers.com.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 26000 |
| Forex Pairs (Total) | 80 | 72 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Comparing trading platforms and tools, both Swissquote and BlackBull Markets provide free demo (paper) accounts, web-based platforms, and Windows desktop downloads. Each supports MetaTrader 4 and MetaTrader 5, lets you place trades directly from charts, and offers copy trading. A key difference is that Swissquote also has its own in-house platform, while BlackBull Markets relies on third‑party platforms.
For charting and interface extras, Swissquote lists 75 drawing tools versus BlackBull’s 60, and its watchlists can show 11 columns compared with BlackBull’s 6. In copy trading, both participate, but BlackBull adds ZuluTrade, which Swissquote does not; neither supports DupliTrade. According to ForexBrokers.com, Swissquote earns 4.5/5 stars and ranks 12th out of 63 for Trading Platforms & Tools, while BlackBull Markets scores 4/5 stars and ranks 31st. If you want an in-house platform and more built-in tools, Swissquote stands out; if you prefer MetaTrader with ZuluTrade access, BlackBull Markets is appealing.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 86 | 109 |
| Charting - Drawing Tools (Total) | 75 | 60 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and BlackBull Markets both offer mobile trading apps for iPhone and Android, with real-time watchlists and price alerts. Each app includes 30 technical studies, lets you draw trendlines, switch among multiple time frames (like daily, weekly, or intraday), and automatically saves chart drawings. The key difference is watchlist syncing: BlackBull Markets syncs your watchlists between the app and your online account, while Swissquote does not.
In independent ratings for mobile trading apps, Swissquote scores 4.5 out of 5 stars and is ranked 12th out of 63 brokers by ForexBrokers.com. BlackBull Markets earns 4 out of 5 stars and ranks 33rd. If cross-device watchlist syncing matters most, BlackBull Markets has the edge. If you want a higher-rated overall mobile experience, Swissquote comes out ahead.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Swissquote and BlackBull Markets, both brokers provide daily market commentary, giving traders regular updates on market trends. Swissquote stands out by delivering forex news from top-tier sources like Bloomberg and Reuters, which BlackBull Markets does not offer. Both brokers provide tools from Autochartist, enhancing traders' abilities to perform technical and fundamental research. However, neither offers research tools from Trading Central or market research from TipRanks.
BlackBull Markets distinguishes itself with a sentiment-based trading tool that displays the ratio of long to short positions, a feature Swissquote lacks. Both brokers provide economic calendars to keep traders informed of global news events. In terms of ratings, both Swissquote and BlackBull Markets receive 4 stars for research. According to ForexBrokers.com, Swissquote is ranked slightly higher at 16th place, compared to BlackBull Markets, which holds the 18th position among 63 brokers evaluated.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both Swissquote and BlackBull Markets provide beginner-friendly forex and CFD education. Each broker offers well over 10 forex/CFD pieces (articles, videos, or webinars), hosts at least one client webinar every month, and maintains a searchable archive of past sessions so you can learn on your own time. Beginners get at least 10 introductory video lessons at either broker, plus 10+ advanced videos for when you’re ready to level up. You’ll also find an investor dictionary with 50+ terms to make trading jargon easier to understand.
For quality, both brokers earn 4 out of 5 stars for Education from ForexBrokers.com. Swissquote ranks higher in the category (#20 of 63) compared to BlackBull Markets (#29 of 63), giving Swissquote a slight edge in overall standing. If you want a higher-ranked learning hub, choose Swissquote; if you simply need the same core features—live webinars, on-demand videos, and a searchable archive—BlackBull Markets is an equally beginner-friendly pick.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than BlackBull Markets. Swissquote finished with an overall rank of #11, while BlackBull Markets finished with an overall rank of #24.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 78 |
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Swissquote allows users to purchase actual (delivered) cryptocurrencies and also offers cryptocurrency derivatives, whereas BlackBull Markets provides the option to trade cryptocurrency derivatives but does not support the purchase of actual (delivered) cryptocurrencies.
When comparing online brokers Swissquote and BlackBull Markets, Swissquote stands out by offering a wider range of deposit and withdrawal options including ACH, SEPA, PayPal, and Skrill, whereas BlackBull Markets does not support ACH or SEPA and only supports Skrill, with both brokers providing access to Visa, Mastercard, and bank wire transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Swissquote | BlackBull Markets | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | Swissquote Review | BlackBull Markets Review |
| Broker Screenshots | Swissquote | BlackBull Markets | |
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| Regulation | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 99 | 78 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 26000 | |
| Forex Pairs (Total) | 80 | 72 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.71 | |
| All-in Cost EUR/USD - Active | N/A | 0.71 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 6 | |
| Charting - Indicators / Studies (Total) | 86 | 109 | |
| Charting - Drawing Tools (Total) | 75 | 60 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | BlackBull Markets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Swissquote Review | BlackBull Markets Review |
| Overall | Swissquote | BlackBull Markets | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | Swissquote Review | BlackBull Markets Review |
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