Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Eightcap, 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.
When comparing BlackBull Markets and Eightcap, both brokers offer unique advantages for online traders. BlackBull Markets, established in 2014, is not publicly traded and is not a bank. It holds one highly trusted Tier-1 license and has a Trust Score of 78 out of 99, reflecting an average risk according to ForexBrokers.com. On the other hand, Eightcap, founded in 2009, also remains privately owned and is not a bank. It boasts an impressive three Tier-1 licenses, earning it a Trust Score of 85, categorizing it as a trusted broker.
In terms of regulation, Eightcap stands out with its three Tier-1 licenses, indicating a high degree of trust as per industry standards. While BlackBull Markets secures one Tier-1 license, its trust score suggests a moderate risk in the trading landscape. Both brokers provide a secure trading environment, but Eightcap's regulatory standing offers additional reassurance to traders seeking robust regulatory compliance.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, BlackBull Markets offers a middle-of-the-road option that aligns with industry standards, providing three distinct account choices. The Prime account is a standout for those seeking competitive spreads, with an average spread of 0.16 on the EUR/USD and an all-in cost of 0.76 pips after a commission of $6 per 10,000 traded. While BlackBull's Standard account is commission-free, it comes with higher spreads, making the Prime account a preferred choice despite its $2,000 minimum deposit requirement. More active traders might opt for the ECN Institutional account, which requires a $20,000 deposit and features a lower commission rate of $4 per round turn.
Eightcap, on the other hand, provides two main account options available through its global entities including those in Australia and the Bahamas. The commission-based Raw account showcases an alluring average spread of 0.06 pips, although the per-side commission of $3.50 per trade results in an all-in cost of about 0.76 pips. This makes Eightcap a slightly pricier option compared to some of the most budget-friendly forex brokers. Their spread-only Standard account eliminates commissions but comes with higher spreads, catering to traders who prefer a straightforward approach.
In terms of rankings and ratings, BlackBull Markets shines slightly brighter with a commendable 4.5 out of 5 stars for its commissions and fees, positioning it at #18 out of 62 brokers in the category according to ForexBrokers.com. Eightcap, with a solid 4-star rating, is ranked #26, reflecting its competitive yet slightly costlier position in the market. Both brokers offer varied account types catering to different trading styles, but BlackBull Markets edges ahead with its overall lower costs for commissions and its higher industry ranking.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.71 | 1.0 |
| All-in Cost EUR/USD - Active | 0.71 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 it comes to the range of investments available, BlackBull Markets and Eightcap offer notable differences for traders looking to diversify their portfolios. BlackBull Markets shines with an impressive offering of 26,000 tradeable symbols, including 72 forex pairs, making it one of the top choices for those seeking variety. Additionally, it allows users to invest in exchange-traded securities on both U.S. and international exchanges, giving clients the chance to buy stocks like Apple and Vodafone directly. Eightcap, while offering forex trading and a selection of 736 tradeable symbols featuring 56 forex pairs, does not support investing in exchange-traded securities on these major exchanges.
Both brokers offer forex trading as CFDs and provide access to cryptocurrency derivatives, but neither supports the purchase of actual cryptocurrencies. For traders interested in copy trading features, both platforms stand on equal ground. Overall, BlackBull Markets earns a stellar 5-star rating and ranks 6th out of 62 brokers in the Range of Investments category by ForexBrokers.com, highlighting its comprehensive selection. In comparison, Eightcap receives a slightly lower 3.5-star rating and is ranked 40th, reflecting its more limited offerings in this area.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 736 |
| Forex Pairs (Total) | 72 | 56 |
| 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.
When it comes to trading platforms and tools, both BlackBull Markets and Eightcap cater well to traders by providing versatile options, though each has its strengths. Traders at both brokers can take advantage of free virtual demo accounts to practice their strategies with simulated trading, ensuring a risk-free entry into the trading world. While neither broker offers a proprietary platform, both support popular choices like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on both Windows desktop and web browsers for added convenience. For those interested in copy trading, BlackBull Markets and Eightcap provide a platform, though BlackBull Markets also extends its offering with the inclusion of ZuluTrade support. However, neither broker features DupliTrade.
In terms of charting, BlackBull Markets and Eightcap provide traders with the ability to trade directly from stock charts. BlackBull Markets edges out in drawing tools with an impressive 60 available, compared to Eightcap's 15, which may appeal to traders who rely heavily on chart analysis. Additionally, when managing watch lists, Eightcap users can work with seven columns, one more than the six columns provided by BlackBull Markets. Both platforms earn a respectable 4-star rating for their tools, though BlackBull Markets slightly outranks Eightcap in broker comparisons specific to trading platforms and tools, coming in at #28 by ForexBrokers.com, while Eightcap sits at #38.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of BlackBull Markets and Eightcap, both offer dedicated apps for iPhone and Android users. Traders can benefit from features such as price alerts and the ability to sync watchlist symbols across devices and accounts in either app. Charting enthusiasts will appreciate the 30 technical studies available on both platforms, alongside tools for drawing trendlines and viewing multiple time frames, from daily to intraday. Both apps ensure that any drawings made on charts are auto-saved, providing convenience for traders on the go. Additionally, creating a watchlist with real-time quotes is possible on both BlackBull Markets and Eightcap apps.
Despite their striking similarities in features, BlackBull Markets pulls slightly ahead in terms of industry ranking. While both apps hold a 4-star user rating, BlackBull Markets is positioned at #30 for mobile trading apps according to ForexBrokers.com, compared to Eightcap, which ranks at #38 out of 62 brokers. These rankings hint at a slight edge in overall user satisfaction and functionality for BlackBull Markets, though both apps clearly offer robust and comparable trading experiences for users.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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.
BlackBull Markets and Eightcap offer a range of market research tools for traders seeking insightful information. Both brokers provide daily market commentary and a sentiment-based trading tool, offering a clear picture of market positions. However, BlackBull Markets stands out with its inclusion of Autochartist’s technical analysis tools, a feature absent from Eightcap’s offering. Additionally, both platforms lack forex news from top-tier sources like Bloomberg or Reuters and do not incorporate market research from providers such as TipRanks or Trading Central. Despite these points, each broker includes an economic calendar to keep users updated on global economic events.
When it comes to ratings, BlackBull Markets leads with a 4-star rating for research, surpassing Eightcap's 3.5 stars. According to ForexBrokers.com, BlackBull Markets is ranked 18th out of 62 brokers in the research category, while Eightcap holds the 39th position. This suggests that while both brokers offer valuable research tools, BlackBull Markets provides a slightly more comprehensive suite, enhancing its appeal among traders seeking thorough market analysis options.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
BlackBull Markets and Eightcap both offer a foundation of educational resources aimed at forex and CFD trading, ensuring beginners have at least 10 articles, videos, or archived webinars available. While both broker platforms provide a searchable archive of past client webinars, only BlackBull Markets goes the extra mile by conducting live educational webinars monthly, allowing for more interactive learning experiences. In terms of video content, traders just starting out can benefit from specialized beginner videos at both platforms. However, those seeking advanced video tutorials will find a more comprehensive selection with BlackBull Markets.
For those looking to expand their trading vocabulary, both brokers offer an investor dictionary with definitions for at least 50 terms. When rated for overall education, BlackBull Markets scores higher with four stars compared to Eightcap's 3.5-star rating. This slight edge in educational offerings is reflected in their wider industry ranking, where BlackBull Markets holds the 29th position, whereas Eightcap is placed at 40th out of 62 brokers. These distinctions highlight BlackBull Markets as a potentially more enriching choice for newcomers eager to deepen their trading knowledge.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Eightcap. BlackBull Markets finished with an overall rank of #24, while Eightcap finished with an overall rank of #38.
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
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 85 |
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Both BlackBull Markets and Eightcap provide options for trading cryptocurrency derivatives, but neither offers the ability to buy actual, delivered cryptocurrencies.
While both BlackBull Markets and Eightcap support Skrill, Visa/Mastercard, and bank wires for depositing and withdrawing funds, only Eightcap offers PayPal, whereas neither provides ACH or SEPA transfer options.
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 | Eightcap | |
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| Trust Score | 78 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Eightcap Review |
| Broker Screenshots | BlackBull Markets | Eightcap | |
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| Regulation | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Trust Score | 78 | 85 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Eightcap | |
|---|---|---|---|
| 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 | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 736 | |
| Forex Pairs (Total) | 72 | 56 | |
| 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 | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.71 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | Eightcap | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Eightcap | |
|---|---|---|---|
| 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 | 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 | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Eightcap | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | BlackBull Markets | Eightcap | |
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| Trust Score | 78 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Eightcap Review |
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