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 in terms of commissions and fees, FP Markets stands out with its competitive pricing structure, earning a five-star rating and ranking sixth out of 62 brokers by ForexBrokers.com for 2024. It's particularly notable for its commission-based ECN account that offers average spreads of 0.1 pips. FP Markets also provides a Raw ECN account with spreads averaging 0.8 pips after commission and a variety of platforms including MetaTrader, cTrader, and Iress. The Iress ViewPoint account caters to high-balance traders with options such as DMA but comes with less affordability, especially for those not meeting deposit or fee waiver criteria.
On the other hand, BlackBull Markets receives a 4.5-star rating and ranks 19th, featuring trading costs that are considered average for the industry. Its Prime account offers competitive spreads with an all-in cost of 0.76 pips for EUR/USD, although it requires a minimum deposit of $2,000 and involves per-side commissions. BlackBull's Standard account requires no minimum deposit and is commission-free but carries higher spreads. For those with the capacity to deposit at least $20,000, BlackBull offers the ECN Institutional account, which boasts lower commission rates of $2 per side or $4 per round turn.
In summary, FP Markets provides more cost-effective solutions for traders, particularly for those who can make use of its Raw ECN account or meet the criteria for the Iress ViewPoint accounts, making it a better choice for traders focusing on lower fees. Meanwhile, BlackBull Markets offers a more straightforward commission-free option via its Standard account, appealing to new or less frequent traders, while also accommodating more committed traders with its Prime and ECN Institutional accounts.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 0.76 |
| All-in Cost EUR/USD - Active | 0.7 | 0.76 |
| 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 provide a strong selection of trading platforms and tools, making them appealing choices for online trading. Traders can access simulated or paper trading through free virtual demo accounts with each broker, allowing them to practice without financial risk. Both brokers feature popular MetaTrader 4 and MetaTrader 5 platforms, ensuring familiarity and ease of use for many traders. However, FP Markets shines by offering a proprietary platform developed in-house, while BlackBull Markets does not. Both brokers support trading directly from stock charts, ensuring quick execution.
In terms of platform accessibility, both FP Markets and BlackBull Markets offer desktop and web-based platforms, making it easy to trade from any device. Copy trading is supported by both, but only BlackBull Markets integrates with ZuluTrade, a notable advantage for those interested in social trading. FP Markets provides seven columns for watch lists compared to BlackBull Markets' six, and boasts 17 drawing tools for charting, while BlackBull Markets offers 60, giving chart enthusiasts more options. Both brokers earn a commendable four-star rating for their trading platforms and tools, with FP Markets ranking slightly higher at #23 compared to BlackBull Markets at #28 in the ForexBrokers.com rankings.
| 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.
FP Markets and BlackBull Markets both cater to traders on the go with iPhone and Android apps. Each app offers users the convenience of receiving price alerts and creating watchlists with real-time quotes. While both platforms allow drawing trendlines and viewing multiple time frames on charts, FP Markets leverages the MetaTrader application for its charting capabilities, whereas BlackBull Markets features 30 technical studies. Importantly, BlackBull Markets edges ahead in watchlist functionality by enabling seamless syncing between the mobile app and the online platform, a feature lacking in FP Markets. Both brokers ensure that any drawings on charts are automatically saved, streamlining the user experience.
Overall, both FP Markets and BlackBull Markets score 4 out of 5 stars for their mobile trading apps, indicating reliable user satisfaction. However, in a pool of 62 brokers, FP Markets ranks higher at #18 for mobile trading apps, compared to BlackBull Markets at #30. Traders might consider FP Markets for its better overall ranking, even though BlackBull Markets shines with its enhanced watchlist synchronization and charting options. Both options provide the essential tools needed for effective mobile trading, but each has its own strengths that may appeal to different trading preferences.
| 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 | 0.76 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.76 | |
| 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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