Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Trade Nation, 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.
Both BlackBull Markets and Trade Nation were founded in 2014 and are not publicly traded or affiliated with any bank. When evaluating regulatory standing, BlackBull Markets holds one Tier-1 license, a factor contributing to its ForexBrokers.com Trust Score of 78, placing it in the average risk category. In comparison, Trade Nation holds two Tier-1 licenses and one Tier-2 license, resulting in a Trust Score of 85, which categorizes it as trusted.
These differences in licensing and trust ratings highlight that Trade Nation appears to have a stronger regulatory position than BlackBull Markets. For investors seeking a higher level of trust, Trade Nation's additional licenses may provide added assurance. However, both companies operate under reputable frameworks, offering a secure environment for online trading.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Year Founded | 2014 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Looking at commissions and fees, Trade Nation comes out ahead with a 5-star rating and a #7 of 63 ranking for this category, while BlackBull Markets earns 4.5 stars and ranks #19 of 63 (ForexBrokers.com). BlackBull’s pricing is about average overall and varies by account type, whereas Trade Nation’s fixed spreads on its proprietary platform can make costs more predictable.
BlackBull Markets offers three accounts. The Standard account is commission-free with no minimum deposit, but spreads are higher. The Prime account requires a $2,000 minimum, charges $3 per side ($6 round turn) per standard lot, and delivered a 0.16-pip average raw spread on EUR/USD in March 2024—about 0.76 pips all-in after commissions. The ECN Institutional account targets high-volume traders with a $20,000 minimum and lower commissions of $2 per side ($4 round turn).
Trade Nation features fixed spreads on its TN Trader platform—EUR/USD is listed at 0.6 pips—widening briefly around daily rollover (often up to 1.4 pips), which brings the true average closer to 1 pip when all ticks are considered. On MetaTrader, you can choose a commission-free account with higher spreads or the Raw Spread account at $3.50 per side ($7 round turn) per standard lot. In practice, TN Trader typically offers the lowest all-in costs among Trade Nation’s options, and the fixed-spread approach contrasts with the variable pricing you’ll see at many brokers, including BlackBull.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.71 | 0.6 |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
BlackBull Markets delivers a much wider range of investments than Trade Nation. BlackBull lists about 26,000 tradable symbols and 72 forex pairs, while Trade Nation offers around 1,000 symbols and 46 forex pairs. Both brokers support forex trading via CFDs/spot and both provide copy trading. A key difference is share dealing: BlackBull lets clients buy and sell exchange-traded U.S. and international shares (not CFDs), whereas Trade Nation does not. Reflecting this depth, BlackBull Markets holds a 5-star Range of Investments rating and ranks #6 out of 63 brokers at ForexBrokers.com, compared with Trade Nation’s 3.5 stars and #39 ranking.
For crypto, neither broker lets you buy actual coins, but both offer cryptocurrency derivatives for trading. If you want the broadest selection of markets and access to U.S. and global shares, BlackBull Markets is the stronger choice. If you prefer a simpler lineup focused on core CFDs with copy trading, Trade Nation can fit the bill.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 1000 |
| Forex Pairs (Total) | 72 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | 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 BlackBull Markets and Trade Nation offer free demo accounts, copy trading, web platforms, and Windows desktop platforms. Trade Nation adds its own proprietary platform, while BlackBull sticks to third‑party options. Both brokers support MetaTrader 4 (MT4); only BlackBull Markets also offers MetaTrader 5 (MT5). Neither supports DupliTrade, and ZuluTrade is available at BlackBull Markets but not at Trade Nation.
For charting and workflow, BlackBull Markets lists 60 drawing tools and lets you place trades directly from charts, while Trade Nation offers 39 drawing tools and no trade-from-chart feature. Watchlists are more configurable at Trade Nation (14 columns) than at BlackBull Markets (6 columns). Each broker earns 4 stars for Trading Platforms and Tools, with BlackBull Markets ranked #31 out of 63 by ForexBrokers.com and Trade Nation ranked #45. In short, BlackBull Markets suits MetaTrader fans and those who want ZuluTrade, while Trade Nation appeals to traders who prefer a simple in-house platform and more detailed watchlists.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 115 |
| Charting - Drawing Tools (Total) | 60 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Trade Nation both deliver fully featured mobile trading apps for iPhone and Android. Each app supports price alerts, synced watchlists that mirror your web account, and watchlists with real-time quotes. For charting on the go, both let you draw trendlines, switch among multiple time frames (intraday to weekly), and auto-save your drawings so your work isn’t lost between sessions.
The key difference is charting depth: Trade Nation offers 99 technical studies, while BlackBull Markets includes 30. Despite that, both earn 4 out of 5 stars for mobile trading. In ForexBrokers.com’s Mobile Trading Apps category, BlackBull Markets ranks #33 out of 63 brokers, ahead of Trade Nation at #46. Choose Trade Nation if you want more built-in indicators; pick BlackBull Markets if a higher third-party ranking matters to you. Either way, both apps cover the essentials for tracking markets and managing trades from your phone.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 99 |
| 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.
BlackBull Markets and Trade Nation both deliver daily market commentary and offer sentiment tools that show the balance of long and short positions. The key differences lie in their research extras: Trade Nation includes top-tier forex news (e.g., Bloomberg, Reuters, Dow Jones) and tools from Acuity Trading (Signal Centre), while BlackBull Markets supplies Autochartist for pattern and setup ideas plus an in-platform economic calendar. Neither broker provides Trading Central or TipRanks.
If you value integrated headline news and third‑party trading signals, Trade Nation has the edge. If you prefer chart‑driven alerts and staying on top of economic events, BlackBull Markets is the stronger fit thanks to Autochartist and its calendar. According to ForexBrokers.com, BlackBull Markets earns 4 stars and ranks #18 of 63 for Research, while Trade Nation scores 3.5 stars and ranks #43.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When it comes to educating beginners in the realms of forex and CFDs, both BlackBull Markets and Trade Nation ensure they provide sufficient learning material. Each broker offers a wealth of educational content, including a minimum of ten pieces such as articles, videos, and archived webinars that focus on aiding newcomers. However, BlackBull Markets takes things a step further by hosting live online webinars monthly, giving traders real-time learning opportunities. In contrast, Trade Nation does not offer regular online webinars, which might be a point of consideration for those who prefer live learning sessions.
Additionally, BlackBull Markets provides a searchable archive of previously recorded webinars, allowing users to revisit sessions at their own pace. This is an advantage over Trade Nation, which lacks such an offering. Both brokers excel in offering a comprehensive collection of beginner as well as advanced educational videos, and they both provide an extensive dictionary with investing terms. Overall, BlackBull Markets edges ahead with a 4-star education rating and ranks 29th out of 63 brokers in the Education category by ForexBrokers.com, while Trade Nation follows with a still respectable 3.5 stars and a ranking of 41st.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| 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 BlackBull Markets is better than Trade Nation. BlackBull Markets finished with an overall rank of #24, while Trade Nation finished with an overall rank of #34.
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.
| Feature |
BlackBull Markets
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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 85 |
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Both BlackBull Markets and Trade Nation do not offer the ability to purchase actual (delivered) cryptocurrency, but they both provide options for trading cryptocurrency derivatives, allowing investors to engage with the crypto market through financial instruments rather than owning the digital currency directly.
Both BlackBull Markets and Trade Nation do not offer ACH or SEPA transfers, and neither supports PayPal for deposits or withdrawals, but they both provide Skrill, Visa, Mastercard, and bank wires as options for managing account funds.
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 | BlackBull Markets | Trade Nation | |
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| Trust Score | 78 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Trade Nation Review |
| Broker Screenshots | BlackBull Markets | Trade Nation | |
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| Regulation | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Trust Score | 78 | 85 | |
| Year Founded | 2014 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 1000 | |
| Forex Pairs (Total) | 72 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | 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 | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 14 | |
| Charting - Indicators / Studies (Total) | 109 | 115 | |
| Charting - Drawing Tools (Total) | 60 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| 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 | BlackBull Markets Review | Trade Nation Review |
| Overall | BlackBull Markets | Trade Nation | |
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| Trust Score | 78 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Trade Nation Review |
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