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.
Swissquote vs. BlackBull Markets: Swissquote, founded in 1996, is publicly traded and operates as a bank, while BlackBull Markets, founded in 2014, is privately held and not a bank. For traders focused on transparency and potential safeguards, that difference in company profile can be meaningful.
Regulatory strength also differs. Swissquote holds five Tier-1 licenses (highly trusted by ForexBrokers.com) and two Tier-2 licenses (trusted), whereas BlackBull Markets holds one Tier-1 license and no Tier-2 licenses. In ForexBrokers.com’s Trust Score, Swissquote earns 99/99 (highly trusted), while BlackBull Markets scores 77/99 (average risk under the same scale).
| 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 |
Swissquote and BlackBull Markets take very different approaches to trading costs. Swissquote is tied to a Swiss banking group, which may appeal to traders who value that name and banking background, but its commissions and spreads are generally higher than many low-cost forex brokers. Its pricing also depends on which region you open an account with: the U.K. entity tends to offer lower costs than Swissquote’s Switzerland and Luxembourg entities. Swissquote is rated 3.5 out of 5 stars for commissions and fees and is ranked #36 out of 36 brokers in this category.
With Swissquote, the most competitive pricing is usually found in its U.K. Elite account, which charges a $5 round-turn commission and offers tighter spreads, though it requires a $10,000 deposit. Other Swissquote accounts are more expensive, with EUR/USD spreads starting around 1.3 pips on the U.K. Standard account, 0.8 pips on Luxembourg Prime, and 1.7 pips on the Swiss Standard account. In short, Swissquote can work for traders who want the backing of a major Swiss firm, but it is not the best choice if keeping trading costs low is your main goal.
BlackBull Markets is generally the cheaper option overall. Its Standard account has no commission and no minimum deposit, while the Prime account offers lower spreads with a $2 commission per side, or $4 round turn, and requires a $2,000 deposit. For active traders, the ECN Institutional account lowers commissions further to $2 per side. BlackBull Markets is rated 4.5 out of 5 stars for commissions and fees and is ranked #9 out of 36 brokers, making it the stronger pick for traders focused on pricing.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 1.16 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, both Swissquote and BlackBull Markets give traders access to forex as both CFDs and spot contracts, plus exchange-traded shares on U.S. and international markets. Each also offers copy trading and crypto CFDs, and both are rated 5 stars for Range of Investments by ForexBrokers.com. Swissquote stands out for its wider selection of forex pairs, with 80 compared with BlackBull Markets’ 72, and it also lets clients buy actual cryptocurrency, not just crypto CFDs. In addition, Swissquote offers 472 tradeable symbols overall, while BlackBull Markets provides a much larger list of 26,000 tradeable symbols.
For investors who want the broadest menu of markets, BlackBull Markets has the edge in total instruments available, but Swissquote may appeal more to those looking for a strong mix of forex and direct crypto ownership. In ForexBrokers.com’s Range of Investments ranking, Swissquote places #2 out of 36 brokers, while BlackBull Markets ranks #7, reflecting Swissquote’s slight advantage in this category despite BlackBull’s far larger overall product list.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 26000 |
| Forex Pairs (Total) | 80 | 72 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
Swissquote and BlackBull Markets both give traders a wide mix of platform choices, including free demo accounts, web-based trading, Windows desktop downloads, copy trading, MetaTrader 4, and MetaTrader 5. Both also let users place trades directly from charts, which can make order entry quicker and easier. In other words, each broker covers the main trading platform needs for beginners and more active traders alike.
The main difference is that Swissquote offers its own in-house trading platform, while BlackBull Markets does not. That extra proprietary option may appeal to traders who want something built by the broker itself. Swissquote also comes out slightly ahead in ForexBrokers.com’s Trading Platforms and Tools review, with a 4.5-star rating and a #12 ranking out of 36 brokers, compared with BlackBull Markets’ 4-star rating and #25 ranking.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 86 | 109 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and BlackBull Markets both make it easy to trade from a phone, with iPhone and Android apps, price alerts, 30 technical studies for charting, trendline drawing, and auto-saving of chart drawings. In other words, each broker gives mobile traders the core tools they need to check markets and manage trades while away from a computer.
The biggest difference is in watchlist syncing and overall mobile app standing. BlackBull Markets lets watchlists sync between the mobile app and online account, while Swissquote does not. Swissquote also comes out ahead in mobile app ratings, with 4.5 out of 5 stars and a ForexBrokers.com ranking of #12 out of 36, compared with BlackBull Markets at 4 stars and #28 out of 36.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Swissquote and BlackBull Markets both give traders useful market research tools, and each offers daily market commentary, an economic calendar, and Autochartist for technical and fundamental ideas. Both brokers are also rated 4.5 out of 5 stars for Research, which puts them among the stronger choices in this area. In ForexBrokers.com’s Research ranking, Swissquote places slightly higher at #15 out of 36 brokers, while BlackBull Markets is ranked #17 out of 36.
Where Swissquote stands out is in its forex news coverage, which includes top-tier sources such as Bloomberg, Reuters, and Dow Jones. BlackBull Markets does not offer this same level of premium news access, but it does provide a sentiment tool that shows the balance of long and short positions across currency pairs and other instruments. Neither broker offers Trading Central, TipRanks, or Acuity Trading research tools, so the main difference comes down to Swissquote’s stronger news feed versus BlackBull Markets’ added sentiment data.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Swissquote and BlackBull Markets both give beginners a strong starting point for learning how to trade. Each broker offers forex and CFD education with at least 10 learning materials, regular online client webinars, and more than 10 beginner videos, along with 10 or more advanced videos for traders who want to keep improving. Both are also rated 4.5 out of 5 stars for Education, which shows that each platform provides a wide range of helpful learning content.
That said, Swissquote edges ahead overall in the Education category, ranking #19 out of 36 brokers on ForexBrokers.com, while BlackBull Markets ranks #24. For beginners, this means both brokers are good choices for free trading education, but Swissquote has a slight lead in the overall quality and breadth of its learning resources.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 #22.
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
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BlackBull Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 77 |
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In the Swissquote vs BlackBull Markets comparison, Swissquote offers both real (delivered) cryptocurrency purchases and crypto CFDs, whereas BlackBull Markets provides only cryptocurrency CFDs and not actual coin ownership.
In a quick comparison of deposit and withdrawal methods, Swissquote and BlackBull Markets both support ACH/SEPA, bank wire transfers, and Skrill, but only Swissquote offers PayPal, while Visa/Mastercard availability is not specified for either broker.
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 | 77 | |
| 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 | 77 | |
| 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 (FSA 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, FSRA, or CMA 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. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 account | N/A | 1.16 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes |
| Trading Tools | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 109 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Swissquote | BlackBull Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Swissquote Review | BlackBull Markets Review |
| Overall | Swissquote | BlackBull Markets | |
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| Trust Score | 99 | 77 | |
| Winner | check_circle | ||
| Review | Swissquote Review | BlackBull Markets Review |
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