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 |
When comparing the commissions and fees of BlackBull Markets and Trade Nation, both online brokers offer distinct advantages based on different trading needs. BlackBull Markets provides a range of accounts, with trading costs varying accordingly. For those using the Prime account, the average spread on the EUR/USD pair stands at 0.16 pips, with an all-in cost of 0.76 pips after including a per-side commission of $6 per 10,000 traded. The Standard account is commission-free but comes with wider spreads, whereas the Prime account, with lower spreads, requires a $2,000 minimum deposit. The ECN Institutional account caters to active traders with a minimum deposit of $20,000. BlackBull Markets earns a 4.5-star rating and is ranked #18 out of 63 brokers for commissions and fees by ForexBrokers.com.
Trade Nation distinguishes itself with competitive fixed-spread pricing available across all tradable symbols. Offering both fixed and variable spreads, the fixed spread for the EUR/USD pair is 0.6 pips, though briefly expanding to a maximum of 1.4 pips during the daily rollover period. This results in an average effective spread close to 1 pip. Trade Nation's account types include two MetaTrader-based accounts and a proprietary TN Trader account, with the latter offering the lowest all-in costs. The commission-based Raw Spread account charges a $7 round-trip per lot, while the TN Trader platform provides a cost advantage with fixed spreads. Trade Nation is highly rated at 5 stars and stands at #7 in the Commissions and Fees category among 63 brokers per ForexBrokers.com.
Overall, both BlackBull Markets and Trade Nation offer competitive pricing structures, tailored to different trading styles and preferences. BlackBull Markets provides flexible account options with varying deposit requirements, whereas Trade Nation's fixed-spread model offers transparency and predictability. Traders should choose based on their trading volume, platform preference, and investment goals, taking into consideration the respective star ratings and rankings of each broker.
| 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.
When comparing the range of investments offered by BlackBull Markets and Trade Nation, BlackBull Markets stands out with an impressive selection of 26,000 tradeable symbols, while Trade Nation provides around 1,000. In the forex arena, BlackBull Markets offers 72 pairs compared to Trade Nation’s 46. Both platforms support forex trading via CFDs or spot contracts, and provide access to cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrency. BlackBull Markets offers exchange traded securities on U.S. and international exchanges, enabling clients to buy shares like Apple or Vodafone, a feature Trade Nation lacks entirely.
Both brokers enable copy trading, giving investors the opportunity to follow and replicate the trades of seasoned investors. For those seeking the widest variety of investment instruments, BlackBull Markets garners a five-star rating for its investment range, ranking sixth out of 63 brokers by ForexBrokers.com. In contrast, Trade Nation receives a 3.5-star rating, placing it at 38th in the same category. This indicates that while both platforms have their strengths, BlackBull Markets offers a more extensive range of investment options.
| 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.
Both BlackBull Markets and Trade Nation provide traders with various options when it comes to trading platforms and tools. Both brokers support simulated trading through free virtual demo accounts, which is beneficial for beginners wanting to practice. In terms of platforms, BlackBull Markets doesn't offer a proprietary platform but gives users access to widely recognized platforms like MetaTrader 4 and MetaTrader 5, plus, it supports ZuluTrade for social trading. On the other hand, Trade Nation does offer a proprietary platform along with MetaTrader 4, but it skips MetaTrader 5 and ZuluTrade. Both brokers make their platforms accessible through web browsers and Windows-based desktop downloads, making trading flexible across different devices.
Charting tools differ a bit more between the two, with BlackBull Markets providing 60 drawing tools compared to Trade Nation's 39. For those keen on direct chart trading, BlackBull Markets has the upper edge here, while Trade Nation does not offer this feature. Got watch lists? BlackBull Markets offers 6 columns for that, whereas Trade Nation gives you 14 columns to work with. Both companies are equally rated at 4 stars for their trading platforms and tools, though BlackBull Markets has a higher ranking (#29) as compared to Trade Nation (#44) according to ForexBrokers.com. So whether you're interested in simple charting ability, a variety of platforms, or social and copy trading, each broker offers unique tools to cater to different trading styles.
| 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.
When comparing the mobile trading apps of BlackBull Markets and Trade Nation, both platforms offer convenient access through iPhone and Android apps, ensuring traders can stay connected on-the-go. Both apps provide essential features like stock or forex price alerts and the ability to sync watchlist symbols with the user's online account. Whether you need to draw trendlines or view multiple time frames on charts, BlackBull Markets and Trade Nation have you covered. Additionally, real-time watchlists and the auto-saving of chart drawings enhance the trading experience offered by both brokers.
Though similar in many aspects, a key difference lies in the number of technical studies available for charting. BlackBull Markets offers 30 technical studies, while Trade Nation impressively provides 99. Despite this variance, both apps have received a solid rating of 4 stars. However, BlackBull Markets ranks higher at 31 out of 63 brokers, compared to Trade Nation's 45, according to ForexBrokers.com. Whether you prioritize a higher variety of technical studies or a slightly better industry ranking, both apps stand out as reliable tools for mobile trading.
| 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.
When comparing BlackBull Markets and Trade Nation, both online brokers offer daily market commentary, providing valuable insights to traders. However, they differ in their sources of forex news. Trade Nation boasts news from top-tier sources like Bloomberg and Reuters, while BlackBull Markets does not offer news from these prominent providers. For technical analysis, BlackBull Markets provides tools from Autochartist, aiding traders in their research, whereas Trade Nation does not. Both brokers provide sentiment-based trading tools, helping traders gauge market positions.
BlackBull Markets stands out with an economic calendar that highlights global news events, a feature Trade Nation lacks. In contrast, Trade Nation provides research tools from Acuity Trading, offering additional analytical support not found with BlackBull Markets. With a research rating of 4 stars, BlackBull Markets holds the 18th position out of 63 brokers, signifying comprehensive research resources. Trade Nation, rated at 3.5 stars, is ranked 42nd, reflecting its solid but slightly less expansive research offerings.
| 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
|
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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| 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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