Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs FXOpen, 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 FXOpen, founded in 2003, are both online brokers that are not publicly traded or affiliated with a bank. When assessing their trustworthiness, BlackBull Markets has a Trust Score of 78 from ForexBrokers.com, placing it in the average risk category. FXOpen trails slightly behind with a Trust Score of 76, also categorized as average risk. In terms of regulatory credentials, BlackBull Markets holds one Tier-1 license, which is highly regarded by ForexBrokers.com, while FXOpen has a slight edge with two Tier-1 licenses.
Neither broker holds any Tier-2 licenses, which are still considered reliable but not as highly esteemed as Tier-1. Whether you are considering BlackBull Markets or FXOpen, understanding their regulatory standings and Trust Scores can offer insights into their levels of safety and reliability in the competitive world of forex trading.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing BlackBull Markets and FXOpen in terms of commissions and fees, BlackBull Markets offers a competitive range of options across its three account types—Standard, Prime, and ECN Institutional. The Prime account is particularly appealing, with an average EUR/USD spread of 0.16 and a commission of $6 per 10,000 traded, resulting in an all-in cost of 0.76. While the Standard account is commission-free and has no minimum deposit, it comes with higher spreads. The Prime account requires a $2,000 minimum deposit but offers lower spreads. For high-volume traders, the ECN Institutional account, which necessitates a minimum deposit of $20,000 and features a $4 commission round turn, may be the best fit. BlackBull Markets earns a strong rating of 4.5 stars for commissions and fees, ranking 18th out of 62 brokers in this category.
FXOpen, meanwhile, does not provide specific average spread data, making direct cost comparisons a bit more challenging. Regardless, FXOpen earns a solid 4-star rating for its fees and commissions, offering potential value to traders. It ranks 45th out of 62 brokers in the same category. This suggests that while both brokers are commendable choices, BlackBull Markets might have a slight edge in terms of cost-effectiveness and overall value for traders looking for lower trading fees.
Overall, BlackBull Markets seems to cater to a range of traders with its diverse account options and transparent fee structure, whereas FXOpen remains a reliable choice, though with fewer specifics available on cost efficiency. Depending on your trading style and deposit capabilities, either broker could meet your needs, but BlackBull's higher rating indicates superior value in terms of trading costs.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| 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 | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
When comparing the range of investments between BlackBull Markets and FXOpen, BlackBull Markets clearly stands out with a significantly larger offering. BlackBull Markets provides access to a vast array of 26,000 tradeable symbols, including 72 forex pairs, whereas FXOpen offers just 87 symbols and 25 forex pairs. Further elevating its appeal, BlackBull Markets offers direct access to exchange-traded securities on both U.S. and international exchanges, allowing investors to buy shares like Apple and Vodafone. On the other hand, FXOpen doesn't provide this opportunity, limiting its customers to CFDs rather than actual stocks.
Both BlackBull Markets and FXOpen offer forex trading as a CFD or spot contract and feature the platform capability for copy trading. They also allow users to trade cryptocurrency derivatives, though neither broker facilitates the purchase of actual cryptocurrencies. With its wide range of offerings, BlackBull Markets garners a 5-star rating for its investment range and a commendable 6th place ranking among 62 brokers. In contrast, FXOpen holds a 3-star rating for its range of investments and ranks much lower, at 61st place. This analysis highlights BlackBull Markets as a more versatile choice for investors seeking broad market access and investment options.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 87 |
| Forex Pairs (Total) | 72 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
BlackBull Markets and FXOpen both provide strong trading platforms for online traders. Each broker offers free virtual demo accounts, allowing users to practice trading without any financial risk. Neither of them has developed their own proprietary platform, but they do provide access to the popular MetaTrader 4 and MetaTrader 5 platforms. Both brokers offer Windows-based desktop trading platforms and web-based platforms that put convenience at the forefront, ensuring traders can access their accounts from almost anywhere. Additionally, copy trading is supported by both brokers, including integration with ZuluTrade, which enhances social trading opportunities.
In terms of charting tools, BlackBull Markets stands out with 60 drawing tools compared to FXOpen's 15, offering more extensive options for technical analysis. Both platforms allow traders to execute trades directly from stock charts, streamlining the process for efficiency. While BlackBull Markets provides fewer watch list columns at six compared to FXOpen's seven, both brokers maintain easy-to-manage watch lists. Despite offering similar core features, BlackBull Markets ranks higher on ForexBrokers.com, placing #29 compared to FXOpen’s #53, likely reflecting its more advanced charting tools. Both brokers receive a solid 4-star rating for their trading platforms and tools.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| 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 | Yes |
| 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 it comes to mobile trading apps, both BlackBull Markets and FXOpen offer features that appeal to traders who use iPhones and Android devices. Both platforms provide essential tools like stock and forex price alerts, the ability to draw trendlines, and options to view multiple time frames on charts. However, BlackBull Markets has a unique edge with its watchlist symbol syncing feature, which allows users to synchronize their watchlists seamlessly across mobile and online platforms. This feature is not available with FXOpen. Additionally, BlackBull Markets auto-saves chart drawings, a handy option for traders who frequently analyze trends, while FXOpen does not include this capability.
Both brokers also offer real-time quotes and provide 30 technical studies for chart analysis in their mobile apps, ensuring that users have a variety of tools for in-depth market analysis. Despite both receiving a four-star rating for their mobile apps, BlackBull Markets outperforms FXOpen in rankings by ForexBrokers.com, sitting at the 31st position compared to FXOpen's 54th out of 62 brokers. This difference in ranking may reflect the added convenience and user-friendly features found on BlackBull Markets' mobile app.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BlackBull Markets and FXOpen both provide daily market commentary and an economic calendar, making them solid choices for traders seeking consistent updates and scheduling of global economic events. However, FXOpen has the advantage of supplying forex news from established sources like Bloomberg and Reuters, which can be beneficial for traders who prioritize comprehensive news coverage. On the other hand, BlackBull Markets distinguishes itself with the incorporation of tools like Autochartist for technical and fundamental analysis, which FXOpen lacks. Furthermore, BlackBull Markets provides a sentiment-based trading tool, offering insights into long and short positions across various instruments, an option not available with FXOpen.
In terms of ratings, BlackBull Markets scores 4 out of 5 stars for research, compared to FXOpen’s 3 stars. This higher rating reflects in its overall ranking of 18th place out of 62 brokers in the Research category by ForexBrokers.com, whereas FXOpen stands at 62nd. Despite both brokers falling short in offering advanced research tools from Trading Central or Acuity Trading, BlackBull Markets is a stronger contender for traders who value technical analysis tools and sentiment data, while FXOpen is more appealing for those who rely on trusted news sources.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| 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 leading online broker. They offer a comprehensive suite of learning materials that include a minimum of 10 articles, videos, and archived webinars focused on forex and CFDs. Additionally, BlackBull Markets provides at least one educational webinar each month, which is also recorded and stored in a searchable archive for future reference. To aid in skill development, they have over 10 beginner-focused and advanced educational videos, catering to both newbies and experienced traders. An investor dictionary featuring over 50 investing terms is also available to help newcomers familiarize themselves with essential trading vocabulary. Given these offerings, BlackBull Markets has earned a 4-star rating for Education and ranks 29th out of 62 brokers in the ForexBrokers.com Education category.
In contrast, FXOpen's educational resources, although present, are not as extensive. They fall short on providing a minimum of 10 educational pieces primarily focused on forex or CFDs. Unlike BlackBull, FXOpen does not conduct monthly webinars or maintain an archive for webinar recordings. The platform also lacks a collection of beginner and advanced educational videos dedicated specifically to trading topics. However, FXOpen does offer an investor dictionary with definitions of at least 50 investing terms, which can be useful for beginners. Due to these limited offerings, FXOpen has a 3-star rating for Education and ranks 58th out of 62 brokers on ForexBrokers.com for this category.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 FXOpen. BlackBull Markets finished with an overall rank of #24, while FXOpen finished with an overall rank of #54.
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
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 76 |
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Both BlackBull Markets and FXOpen do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to purchase cryptocurrency derivatives.
Both BlackBull Markets and FXOpen do not support ACH or SEPA transfers or PayPal for depositing or withdrawing funds, but they offer Skrill, Visa or Mastercard, and bank wire options for account 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 | FXOpen | |
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| Trust Score | 78 | 76 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | FXOpen | |
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| Regulation | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Trust Score | 78 | 76 | |
| Year Founded | 2014 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| 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 | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | 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 | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 87 | |
| Forex Pairs (Total) | 72 | 25 | |
| 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). |
| Cost | BlackBull Markets | FXOpen | |
|---|---|---|---|
| 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 | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | BlackBull Markets | FXOpen | |
|---|---|---|---|
| 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 | Yes |
| Trading Tools | BlackBull Markets | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| 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 | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | BlackBull Markets | FXOpen | |
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| Trust Score | 78 | 76 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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