Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs FinecoBank, 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.
BlackBull Markets, established in 2014, and FinecoBank, founded in 1999, serve different niches in the online trading world. BlackBull Markets is a private online broker and holds one Tier-1 license, reflecting a certain level of trust. However, with a Trust Score of 78, it falls into the average risk category according to ForexBrokers.com ratings. Despite being a reputable broker, BlackBull Markets is not publicly traded and does not operate as a bank.
Conversely, FinecoBank stands out as not only a publicly traded entity but also as a bank, providing additional assurance to investors. With two Tier-1 licenses, FinecoBank is considered highly reliable, as evidenced by its impressive Trust Score of 94. This places FinecoBank in the highly trusted range on the ForexBrokers.com scale. Both brokers offer unique advantages, though FinecoBank's bank status and higher Trust Score provide additional layers of trust for potential clients.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of BlackBull Markets and FinecoBank, it’s clear that these two brokers offer distinct trading experiences. BlackBull Markets provides competitive pricing structures across its three account types. For instance, the Prime account features an average EUR/USD spread of 0.16 pips, with an all-inclusive cost of 0.76 pips when including the commission of $6 per 10,000 traded. This option stands out as a preferred choice due to its balanced cost structure despite needing a $2,000 minimum deposit. Meanwhile, the Standard account at BlackBull is commission-free but comes with higher spreads, and the ECN Institutional account caters to active traders with a minimum deposit of $20,000 and reduced commission rates.
On the other hand, FinecoBank’s commission and fee structure is somewhat opaque, as it does not disclose average spread data for forex and CFD trading. FinecoBank lists a EUR/USD spread of 1 pip and another of 0.8 pips, though these figures are not provided with a specific average context or time frame, potentially making them higher than industry norms. However, some spreads on its index CFDs may be more competitive.
In terms of star ratings and rankings by ForexBrokers.com, BlackBull Markets shines with a 4.5-star rating and ranks #18 out of 62 brokers in the Commissions and Fees category. In contrast, FinecoBank holds a 3.5-star rating and is placed significantly lower at #50, suggesting BlackBull Markets may offer a more cost-effective and transparent trading environment.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
BlackBull Markets stands out with an impressive array of 26,000 tradeable symbols, significantly more than FinecoBank's offering of 9,770. In the field of forex trading, BlackBull Markets provides access to 72 forex pairs, while FinecoBank presents 54 pairs for its users. Both brokers facilitate forex trading as CFDs or spot contracts and give investors the chance to buy exchange-traded securities on U.S. and international exchanges, allowing clients to buy shares like Apple and Vodafone. However, a notable difference is the copy trading feature, available with BlackBull Markets but absent at FinecoBank.
For those interested in cryptocurrency, BlackBull Markets offers the ability to trade cryptocurrency derivatives but not the actual cryptocurrency, a service FinecoBank does not provide. Rated five stars for its range of investments, BlackBull Markets is ranked sixth out of 62 brokers by ForexBrokers.com, showing its strength in this category. FinecoBank is not far behind with a 4.5-star rating, ranked 16th in the same category. This comparison highlights BlackBull Markets' wider selection and higher ratings, making it a favorable choice for those seeking diverse investment opportunities.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 9770 |
| Forex Pairs (Total) | 72 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | No |
| 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 FinecoBank offer traders distinct features across their platforms and tools. BlackBull Markets provides a free virtual demo account for simulated trading, while FinecoBank does not offer this feature. Although FinecoBank develops its own proprietary platform, BlackBull Markets leans on popular external platforms, offering MetaTrader 4 and MetaTrader 5, which are not available with FinecoBank. Both brokerages support Windows-based desktop platforms and web-based trading, ensuring accessibility from different devices. BlackBull Markets stands out with options like copy trading and integration with ZuluTrade, neither of which are offered by FinecoBank. Moreover, BlackBull Markets excels in charting tools, providing 60 drawing tools compared to FinecoBank's 7, and allows users to trade directly from stock charts.
In terms of customization, BlackBull Markets offers a six-column watchlist, while FinecoBank does not provide a watchlist metric. In evaluations, both brokers are similarly rated at four out of five stars for their trading platforms and tools. Nonetheless, FinecoBank edges out a better overall rank by standing at #18 compared to BlackBull Markets' #28 in ForexBrokers.com's ranking of 62 brokers. These differences highlight key considerations for traders, whether they prioritize customizable tools and popular platforms as offered by BlackBull Markets, or a proprietary trading experience as offered by FinecoBank.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 37 |
| Charting - Drawing Tools (Total) | 60 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both BlackBull Markets and FinecoBank offer mobile trading apps for iPhone and Android devices, catering to traders who prefer to manage their investments from their mobile devices. Each app provides users with the convenience of receiving stock and forex price alerts. However, a key difference between the two is that BlackBull Markets supports watchlist symbol syncing, allowing your watchlist changes to seamlessly sync across your devices, while FinecoBank does not offer this feature.
In terms of charting capabilities, BlackBull Markets stands out with support for 30 different technical studies and the ability to draw trendlines on charts. It also allows users to save these drawings, providing an advanced and user-friendly charting experience. FinecoBank, in contrast, is limited to six technical studies and does not offer drawing tools or auto-saving features for chart modifications. Both platforms, however, support viewing multiple time frames on charts. Additionally, BlackBull Markets enables users to create watchlists with real-time quotes, giving it an edge in tracking live market changes. Despite their differences, both apps are rated four stars for mobile trading and have respectable ranks, with BlackBull Markets at #30 and FinecoBank at #42 among 62 brokers.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of BlackBull Markets and FinecoBank, both brokers stand out in different areas. BlackBull Markets shines with daily market commentary and advanced research tools such as those from Autochartist. Additionally, they provide a sentiment-based trading tool that offers insights into the ratio of long and short positions across various instruments. Both brokers present an economic calendar that keeps traders informed about global news events, a crucial feature for staying on top of market movements.
On the other hand, FinecoBank excels by delivering forex news sourced from top-tier providers like Bloomberg and Reuters, a valuable resource for traders seeking high-quality information. However, they do not offer technical analysis tools from Autochartist, nor do they provide sentiment-based trading tools, which may limit some analytical capabilities. Despite these differences, both brokers receive a four-star rating for research, with BlackBull Markets ranked slightly higher at 18th compared to FinecoBank's 33rd position among 62 brokers by ForexBrokers.com.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, BlackBull Markets stands out as a solid option. They offer over 10 educational pieces focused on forex and CFDs, including articles, videos, and archived webinars. In addition, BlackBull Markets provides monthly online webinars for their clients and maintains a searchable archive of past sessions. For those just starting out, they offer more than 10 beginner-level educational videos and an investor dictionary with over 50 investing terms. They also cater to more experienced traders with advanced educational content. Overall, BlackBull Markets received a 4-star education rating and ranks 29th out of 62 brokers in the Education category, according to ForexBrokers.com.
FinecoBank also offers some valuable educational tools, particularly for those at a beginner level. They host monthly client webinars and provide at least 10 beginner educational videos on trading topics. Their resources include an investor dictionary featuring definitions of over 50 investing terms. However, FinecoBank falls short in certain areas compared to BlackBull Markets, particularly in the availability of a searchable archive of webinars and advanced educational videos. Despite this, FinecoBank shares a 4-star rating for education with BlackBull Markets but is ranked 49th out of 62 brokers, highlighting some room for improvement in its educational offerings.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| 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 FinecoBank. BlackBull Markets finished with an overall rank of #24, while FinecoBank finished with an overall rank of #25.
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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FinecoBank
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 94 |
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When comparing online brokers BlackBull Markets and FinecoBank, it's notable that neither platform offers the ability to buy actual delivered cryptocurrency, but BlackBull Markets does provide the option to trade cryptocurrency derivatives, unlike FinecoBank.
BlackBull Markets provides deposit and withdrawal options via Skrill, Visa, Mastercard, and bank wires, but lacks ACH, SEPA, and PayPal, whereas FinecoBank supports ACH, SEPA, and bank wires, but does not offer PayPal, Skrill, Visa, or Mastercard for transactions.
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 | FinecoBank | |
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| Trust Score | 78 | 94 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | FinecoBank Review |
| Broker Screenshots | BlackBull Markets | FinecoBank | |
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| Regulation | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Trust Score | 78 | 94 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 9770 | |
| Forex Pairs (Total) | 72 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| 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 | FinecoBank | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 109 | 37 | |
| Charting - Drawing Tools (Total) | 60 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank Review |
| Overall | BlackBull Markets | FinecoBank | |
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| Trust Score | 78 | 94 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | FinecoBank Review |
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