Written by ForexBrokers.com
In this head to head comparison of FP Markets vs BlackBull Markets, 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.
FP Markets, established in 2005, is a well-regarded online broker known for holding two highly trusted Tier-1 licenses and one trusted Tier-2 license. This Sydney-based broker is not publicly traded and does not operate as a bank. With a Trust Score of 89 out of 99, FP Markets falls into the trusted category according to ForexBrokers.com. These credentials underscore its stability and reliable service for those venturing into online trading.
On the other hand, BlackBull Markets, founded in 2014, distinguishes itself by holding one highly trusted Tier-1 license. Like its counterpart, it is not listed on any stock exchange and is not a bank. With a Trust Score of 78, BlackBull Markets carries an average risk rating from ForexBrokers.com. Both brokers offer unique strengths, with FP Markets boasting higher trust ratings and more regulatory licenses.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 2005 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing FP Markets and BlackBull Markets, FP Markets stands out with its competitive pricing structure, particularly for their ECN account offering. Notably, FP Markets was awarded Best in Class for Commissions and Fees in the 2024 Annual Awards, with a standout ranking of #6 among 62 brokers. Their Raw ECN account provides appealing spreads averaging 0.1 pips, equating to 0.8 pips when factoring in commission, making it an excellent choice for traders seeking cost-effective forex trading. However, their Iress ViewPoint accounts cater to more active traders with higher balances, requiring considerable minimum deposits to waive platform and data fees.
Meanwhile, BlackBull Markets offers an average pricing structure, with its Prime account being the standout choice, featuring spreads of 0.16 pips for EUR/USD, culminating in a total cost of 0.76 pips including commissions. BlackBull Markets provides three account types, with their Prime account requiring a $2,000 minimum deposit and a commission of $6 per round turn per lot. Their ECN Institutional account caters to traders able to deposit at least $20,000, offering even lower commission costs. Rated at 4.5 stars and ranked at #18 for Commissions and Fees, BlackBull Markets is slightly behind FP Markets in terms of cost-efficiency.
In summary, both brokers offer solid options for traders, with FP Markets being particularly attractive for those seeking low-cost trading on their ECN platform, given its top-tier ranking and 5-star rating. On the other hand, BlackBull Markets provides a slightly more accessible range of accounts for varying trader profiles, though it is less competitive in their commission and fees structure compared to FP Markets.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 0.71 |
| All-in Cost EUR/USD - Active | 0.7 | 0.71 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
FP Markets and BlackBull Markets both offer forex trading through CFDs or spot contracts, catering to traders seeking versatility. BlackBull Markets stands out with a more extensive selection of investment options, providing access to 26,000 tradeable symbols, while FP Markets offers 10,000. When it comes to forex pairs, both brokers are quite comparable, with BlackBull Markets offering 72 pairs and FP Markets close behind with 71. Despite the similarities in forex trading capacities, BlackBull Markets excels in offering exchange-traded securities beyond CFDs, granting clients the opportunity to invest in popular U.S. and international shares, whereas FP Markets does not offer these services.
Both FP Markets and BlackBull Markets support copy trading, appealing to traders interested in mimicking successful strategies. Although neither broker provides the option to buy actual cryptocurrencies, both offer cryptocurrency derivatives for those keen on this dynamic market. With BlackBull Markets receiving a full five-star rating for its range of investments and a #6 ranking by ForexBrokers.com, it edges out FP Markets, which earned 4.5 stars and ranks #18 in a comparison of 62 brokers. Overall, BlackBull Markets presents a broader range of trading opportunities, giving it an advantage in this comparison.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 26000 |
| Forex Pairs (Total) | 71 | 72 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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.
FP Markets and BlackBull Markets both offer dynamic trading experiences with a variety of tools and platforms suitable for beginners and experienced traders. Both brokers provide free virtual demo accounts, enabling traders to practice without any financial risk. FP Markets stands out with its own proprietary platform, whereas BlackBull Markets relies on popular third-party platforms like MetaTrader 4 and 5. Both brokers offer Windows-based and web-based platforms, allowing flexible access to trading environments. Both FP Markets and BlackBull Markets provide copy trading, but only BlackBull Markets supports ZuluTrade for additional strategy options.
In terms of technical capabilities, FP Markets offers a strong, comprehensive approach with 17 drawing tools and 7 customizable columns for watchlists. BlackBull Markets, however, enhances charting with 60 drawing tools, although it offers one fewer field for watchlists. Both platforms allow traders to execute trades directly from stock charts, making real-time trading more seamless. Despite these differences, both FP Markets and BlackBull Markets receive a 4-star rating for their trading platforms and tools. FP Markets ranks slightly higher at #23 compared to BlackBull Markets, which ranks at #29, according to ForexBrokers.com, reflecting the robust suite of tools offered by both brokers.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 109 |
| Charting - Drawing Tools (Total) | 17 | 60 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FP Markets and BlackBull Markets, both brokers shine with their comprehensive offerings. Each provides iPhone and Android apps, allowing for seamless trading on the go. Users can enjoy stock or forex price alerts, the ability to draw trendlines on charts, and view multiple time frames. Furthermore, both apps support creating watchlists with real-time quotes and auto-saving drawings on charts, catering to user convenience. However, FP Markets charts rely on the default MetaTrader studies, while BlackBull Markets offers 30 technical studies, providing more variety for technical analysis enthusiasts.
One notable distinction is that BlackBull Markets supports watchlist symbol syncing, allowing changes made in the mobile app to reflect in the client's online account. While both apps earn a commendable 4-star rating for mobile trading, FP Markets stands out with a ForexBrokers.com ranking of #18 in the Mobile Trading Apps category, surpassing BlackBull Markets, which is ranked at #31. Overall, both brokers offer strong mobile trading experiences, but differences in charting tools and syncing capabilities might influence traders' choices.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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.
FP Markets and BlackBull Markets both deliver daily market commentary, catering to traders seeking regular updates. While both brokers provide essential tools for technical analysis, FP Markets holds an edge with forex news sourced from leading platforms like Bloomberg and Reuters. In contrast, BlackBull Markets does not include news from these top-tier outlets. Both brokers utilize Autochartist for advanced tools, yet FP Markets additionally features tools from Trading Central, an option not available with BlackBull Markets. Additionally, both offer sentiment-based trading tools and maintain economic calendars that showcase significant global news events.
Rated equally at 4 stars, FP Markets and BlackBull Markets rank closely in research according to ForexBrokers.com, but BlackBull Markets is slightly ahead, occupying the 18th spot compared to FP Markets at 25th. Despite this higher ranking, BlackBull Markets doesn't offer the same variety of research tools from Trading Central that FP Markets does, potentially influencing a trader's choice depending on their specific research needs.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | 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.
When exploring the educational resources available for beginner traders, both FP Markets and BlackBull Markets offer comprehensive materials to kickstart your trading journey. FP Markets provides a wealth of forex and CFD education, featuring a minimum of 10 resources such as articles, videos, and archived webinars, all focused on simplifying complex trading concepts. Additionally, FP Markets hosts monthly live webinars and maintains a searchable archive, making it easy to revisit past sessions. For those new to trading, FP Markets presents at least 10 focused beginner videos and an impressive array of advanced educational content for seasoned traders. Their investor dictionary, boasting over 50 terms, ensures clarity in financial language.
Similarly, BlackBull Markets matches these offerings with their own extensive educational suite. They provide an equal number of informative pieces on forex and CFDs, ensuring beginners have access to the foundational knowledge required for trading. Like FP Markets, BlackBull Markets also offers monthly webinars and an archive for on-demand learning. Their video content is just as expansive, catering to both beginners and advanced traders with valuable insights and strategies. Featuring a detailed investor dictionary, they cover over 50 key terms. Despite both brokers receiving a solid 4-star rating for education, FP Markets ranks slightly higher at #23, compared to BlackBull Markets at #29, out of a total of 62 brokers as evaluated by ForexBrokers.com.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| 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 62 of the best forex brokers, our research and account testing finds that FP Markets is better than BlackBull Markets. FP Markets finished with an overall rank of #19, while BlackBull Markets finished with an overall rank of #24.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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BlackBull Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 78 |
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Both FP Markets and BlackBull Markets do not offer the ability to buy actual delivered cryptocurrencies, but they do provide options for purchasing cryptocurrency derivatives.
Both FP Markets and BlackBull Markets offer Visa or Mastercard and bank wire transfers for deposits and withdrawals, but only FP Markets provides the option to use PayPal, while both brokers support Skrill, and neither supports ACH or SEPA transfers.
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 | FP Markets | BlackBull Markets | |
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| Trust Score | 89 | 78 | |
| Winner | check_circle | ||
| Review | FP Markets Review | BlackBull Markets Review |
| Broker Screenshots | FP Markets | BlackBull Markets | |
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| Regulation | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 89 | 78 | |
| Year Founded | 2005 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 26000 | |
| Forex Pairs (Total) | 71 | 72 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.71 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.71 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 6 | |
| Charting - Indicators / Studies (Total) | 30 | 109 | |
| Charting - Drawing Tools (Total) | 17 | 60 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | BlackBull Markets | |
|---|---|---|---|
| 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 | FP Markets Review | BlackBull Markets Review |
| Overall | FP Markets | BlackBull Markets | |
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| Trust Score | 89 | 78 | |
| Winner | check_circle | ||
| Review | FP Markets Review | BlackBull Markets Review |
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