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BlackBull Markets vs TopFX 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is BlackBull Markets better than TopFX? In our analysis of 23 international regulators across 39 of the best forex brokers, BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingBlackBull MarketsTopFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score746799
Winnercheck_circle
ReviewBlackBull Markets ReviewTopFX ReviewIG Review
RegulationBlackBull MarketsTopFXIG
Trust Score746799
Year Founded201420101974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses107
Tier-2 Licenses012
Tier-3 Licenses001
Authorised in European UnionNoNoYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)BlackBull MarketsTopFXIG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)YesNoYes
Tier-2 Licenses (Average Trust)BlackBull MarketsTopFXIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)BlackBull MarketsTopFXIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsBlackBull MarketsTopFXIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)2600065519537
Forex Pairs (Total)7260100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostBlackBull MarketsTopFXIG
Average Spread EUR/USD - Standard0.827 (August 2022)N/A0.86 (September 2022)
All-in Cost EUR/USD - Active0.827 (August 2022)N/A0.5957 (September 2022)
Active Trader or VIP DiscountsYesNoYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesYesYes
FundingBlackBull MarketsTopFXIG
Minimum Initial Deposit$0Depends on payment methodยฃ250.00
PayPal (Deposit/Withdraw)NoYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsBlackBull MarketsTopFXIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesNoNo
cTraderYesYesNo
DupliTradeNoNoNo
ZuluTradeYesNoNo
Trading ToolsBlackBull MarketsTopFXIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303033
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingBlackBull MarketsTopFXIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchBlackBull MarketsTopFXIG
Daily Market CommentaryYesNoYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistYesYesYes
Trading Central (Recognia)NoYesNo
Social Sentiment - Currency PairsNoYesYes
Economic CalendarYesYesYes
EducationBlackBull MarketsTopFXIG
Has Education - Forex or CFDsNoNoYes
Client WebinarsNoNoYes
Client Webinars (Archived)YesNoYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsBlackBull MarketsTopFXIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewBlackBull Markets ReviewTopFX ReviewIG Review
OverallBlackBull MarketsTopFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars4 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score746799
Winnercheck_circle
ReviewBlackBull Markets ReviewTopFX ReviewIG Review
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BlackBull Markets vs TopFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare BlackBull Markets vs TopFX.

Does BlackBull Markets or TopFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is BlackBull Markets or TopFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. BlackBull Markets holds 1 global Tier-1 licenses, while TopFX holds 0. TopFX holds 1 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, BlackBull Markets earned a higher Trust Score than TopFX.

Which trading platform is better: BlackBull Markets or TopFX?

To compare the trading platforms of both BlackBull Markets and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both BlackBull Markets and TopFX offer MetaTrader 4 (MT4).BlackBull Markets and TopFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to TopFX's 60 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while TopFX has 655 available CFDs, a difference of 25345.

Can I trust BlackBull Markets?

BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulators (high trust), zero tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-1 regulators: Financial Markets Authority (FMA).

Can I trust TopFX?

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

Is BlackBull Markets good?

BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.

Is TopFX good?

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: IG

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