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 account | 0.71 | 0.6 |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing BlackBull Markets and Trade Nation for range of investments, BlackBull Markets offers a far wider selection. Traders can access about 26,000 tradeable symbols at BlackBull Markets, including 72 forex pairs, while Trade Nation lists roughly 1,000 symbols with 46 forex pairs. Both brokers support forex trading (CFD or spot), but the scale at BlackBull Markets is much larger.
Stock access is another key difference: BlackBull Markets lets clients buy exchange-traded U.S. stocks like Apple and international shares such as Vodafone, whereas Trade Nation does not offer exchange-traded shares. Both support copy trading. Neither broker lets you buy real cryptocurrency, though both offer cryptocurrency CFDs. For Range of Investments, ForexBrokers.com rates BlackBull Markets at 5 stars and ranks it 6th out of 63 brokers; Trade Nation earns 3.5 stars and ranks 39th.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 1000 |
| Forex Pairs (Total) | 72 | 46 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | 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.
BlackBull Markets and Trade Nation both cover the basics well for trading platforms and tools. Each broker offers a free demo account, a web platform, a Windows desktop platform, copy trading, and MetaTrader 4 (MT4). The key differences are that BlackBull Markets adds MetaTrader 5 (MT5) and lets you place trades directly from charts, while Trade Nation does not support MT5 but does provide its own proprietary platform in addition to MT4.
In independent testing, both brokers earned 4 out of 5 stars for Trading Platforms and Tools. However, BlackBull Markets ranked #31 out of 63 brokers at ForexBrokers.com, while Trade Nation ranked #45. If you want MT5 and chart trading, BlackBull Markets has the edge. If you prefer using a broker’s in-house platform alongside MT4, Trade Nation is a fit.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 115 |
| Charting - Trade From Chart | Yes | No |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Trade Nation both deliver full-featured mobile trading apps on iPhone and Android. Each app supports price alerts for forex and stocks, watchlist syncing with your web account, trendline drawing on charts, and auto‑saving of your chart annotations. User reviews align too: both mobile platforms earn 4 out of 5 stars for overall quality.
The key difference is charting depth. BlackBull Markets offers 30 built‑in technical studies, while Trade Nation provides 99, which may appeal to indicator-heavy traders. Looking at independent rankings from ForexBrokers.com, BlackBull Markets places #33 out of 63 for Mobile Trading Apps, ahead of Trade Nation at #46. If you want more indicators, Trade Nation’s app could be the better fit; if third‑party rankings matter more, BlackBull Markets has the edge.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 99 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
Comparing education for beginners, both BlackBull Markets and Trade Nation offer sizeable video libraries with at least 10 beginner lessons, plus at least 10 advanced videos for when you’re ready to level up. The key difference is live learning: BlackBull Markets runs educational client webinars at least once a month, which can make it easier to ask questions and learn in real time. Trade Nation does not offer recurring webinars.
According to ForexBrokers.com, BlackBull Markets earns 4 out of 5 stars and ranks 29th out of 63 brokers for Education, while Trade Nation scores 3.5 out of 5 stars and ranks 41st. If you want live sessions alongside on-demand videos, BlackBull Markets has the edge. If you’re fine with self-paced video learning, Trade Nation is still a solid option.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Webinars | Yes | No |
| 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 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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In a head-to-head comparison of online brokers, BlackBull Markets and Trade Nation both offer cryptocurrency CFD trading for speculating on digital assets, but neither supports buying actual (delivered) cryptocurrencies directly.
Comparing funding options, BlackBull Markets and Trade Nation both do not support ACH or SEPA transfers; BlackBull Markets does not accept PayPal but does offer Skrill and bank wire transfers (card support not specified), while Trade Nation’s availability of PayPal, Skrill, Visa/Mastercard, and bank wire transfers is not specified.
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, FSRA, or SCA 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. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | 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 | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.71 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 115 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | No |
| Education | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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