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 |
When comparing the commissions and fees of Swissquote and BlackBull Markets, it's clear that each has its own strengths. Swissquote, a well-regarded Swiss banking conglomerate, tends to have higher trading costs compared to some of the lowest-cost forex brokers. Its UK entity offers four account types with varying costs. The Elite account is notably favorable for active traders with a deposit of at least $10,000, offering lower spreads and a $5 charge per round-turn trade. Conversely, Swissquote’s Standard and Prime accounts begin spreads at 1.3 and 0.6 pips, respectively, with varying minimum deposits. Swissquote’s Luxembourg and Swiss entities provide similar account structures, although the spreads can differ, with Luxembourg’s Prime account starting at 0.8 pips. Swissquote receives a 3.5-star rating and ranks at #53 in the Commissions and Fees category, out of 63 brokers.
BlackBull Markets, by contrast, offers competitive trading costs with three account types that vary by spreads and commissions. The Prime account is preferred for its low spread of 0.16 on the EUR/USD and an all-in cost of 0.76 after accounting for commissions. It does require a $2,000 minimum deposit. The Standard account is commission-free and has no minimum deposit, albeit with higher spreads. For more active traders, the ECN Institutional account provides an even more attractive option, requiring a $20,000 deposit with lower commission rates of $2 per side. BlackBull Markets boasts a 4.5-star rating and is ranked #18 in the Commissions and Fees category.
Ultimately, while both brokers have their merits, BlackBull Markets edges out Swissquote in terms of fees and rankings according to ForexBrokers.com. Traders looking to optimize their profitability might favor BlackBull Markets for its lower fees and favorable rating, while those seeking the reliability of a Swiss establishment might gravitate towards Swissquote despite its higher costs.
| 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.
When comparing Swissquote and BlackBull Markets, both brokers offer comprehensive trading platforms and tools suitable for various types of traders. Swissquote impresses with its proprietary platform, developed in-house, while BlackBull Markets relies on established third-party platforms. Both brokers support MetaTrader 4 and MetaTrader 5, ensuring users have access to popular trading software. In terms of accessibility, each broker provides both a Windows-based desktop platform and a web-based platform, making it easy to trade across different devices. Traders can also start with a demo account from either broker, providing ample opportunity to practice and refine strategies without financial risk.
Swissquote stands out with its advanced charting capabilities, offering 75 drawing tools and allowing trading directly from charts, which can enhance technical analysis and strategic planning. BlackBull Markets, while slightly behind with 60 drawing tools, compensates with the availability of ZuluTrade for social trading enthusiasts. Swissquote also offers more customization for watch lists with 11 columns, compared to BlackBull Markets' 6. In terms of overall performance, Swissquote ranks higher in user satisfaction, receiving a 4.5-star rating for its trading platforms and tools and ranking 12th out of 63 brokers in a ForexBrokers.com review. BlackBull Markets is awarded a solid 4 stars, ranking 29th in the same review, demonstrating that both brokers are reliable choices, but Swissquote may offer additional advantages for those seeking a wider range of tools and more user-friendly customization options.
| 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.
When it comes to mobile trading apps, both Swissquote and BlackBull Markets cater to users of iPhones and Android devices. Each platform provides the ability to set stock or forex price alerts, access 30 technical studies for charting, and draw trendlines on charts. Additionally, they offer multiple time frame views, such as daily, weekly, or intraday, for a comprehensive trading experience. Both apps also support the creation of watchlists with real-time quotes, ensuring users have up-to-date information at their fingertips. However, where BlackBull Markets stands out is in its watchlist symbol syncing feature, which allows changes made in the app to sync seamlessly with the client's online account, a feature Swissquote does not offer.
Despite their similarities, there are differences in user ratings and rankings. Swissquote stands out with a higher mobile trading app rating of 4.5 stars and is ranked #12 in the Mobile Trading Apps category by ForexBrokers.com. Meanwhile, BlackBull Markets has a slightly lower rating of 4 stars and is ranked #31. For traders seeking a more highly rated app experience with sync capabilities, Swissquote may be the more appealing choice, although BlackBull Markets offers enhanced syncing features for a more integrated trading experience.
| 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.
When it comes to educational resources for beginners, both Swissquote and BlackBull Markets offer a comprehensive suite. Each provides an impressive array of at least 10 educational pieces focused on forex and CFDs, ensuring newcomers have ample opportunity to deepen their understanding. Both brokers conduct regular monthly webinars, coupled with the convenience of a searchable archive of past sessions, allowing users to learn at their own pace. Whether you’re new to trading or looking to advance your expertise, beginner-friendly and advanced educational videos are readily available from both platforms. Aspiring investors will also find value in the extensive investor dictionaries, featuring over 50 investing terms that clarify the often complex financial jargon.
While both brokers are equally rated with 4 stars for their educational offerings, Swissquote slightly edges out BlackBull Markets by ranking 21st in the Education category according to ForexBrokers.com, compared to BlackBull Markets' 29th place position. This higher ranking may reflect nuanced differences in content or user preferences, but both platforms firmly establish themselves as strong options for traders seeking to bolster their market knowledge and skills through well-rounded educational resources.
| 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 |
|
|
| Trust Score | 99 | 78 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | Swissquote Review | BlackBull Markets Review |
| Broker Screenshots | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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 | No | |
| 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) | No | No | |
| 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) | No | No |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | Swissquote Review | BlackBull Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill