Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs FXPrimus, 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 and FXPrimus are both online brokerages that cater to forex traders, but they differ in several important ways. Founded in 2014, BlackBull Markets operates with one Tier-1 license, which is recognized as a highly trusted regulatory endorsement. FXPrimus, established earlier in 2009, similarly holds one Tier-1 license. According to ForexBrokers.com, BlackBull Markets has a Trust Score of 78, categorizing it as an average risk broker. Meanwhile, FXPrimus holds a slightly lower Trust Score of 71, still placing it in the average risk category.
Neither BlackBull Markets nor FXPrimus is publicly traded or functions as a bank. Both brokers provide platforms for traders but lack Tier-2 licenses, which are generally associated with trusted brokers. These risk factors, along with their non-public status, play significant roles in evaluating the potential credibility and reliability of each broker.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the online brokers BlackBull Markets and FXPrimus in terms of commissions and fees, BlackBull Markets stands out with its slightly more competitive pricing structure, earning a favorable rating of 4.5 stars. This broker offers three account types, each featuring different cost structures. The Prime account is particularly attractive, providing an average spread of 0.16 on the EUR/USD currency pair with a total all-in cost of 0.76 pips. It comes with a commission of $6 per 10,000 traded but requires a $2,000 minimum deposit. For those seeking commission-free trades, BlackBull’s Standard account option might suit, although it features higher spreads.
BlackBull Markets also offers the ECN Institutional account tailored for very active traders willing to deposit at least $20,000. This account type provides lower commission rates of $2 per side or $4 per round trip. Overall, BlackBull Markets ranks 18th out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com, partly due to the variety of account options that cater to different trading styles and budgets.
In comparison, FXPrimus receives a 4-star rating for commissions and fees. Although specific average spread data is not available for FXPrimus, it ranks 42nd out of 62 brokers in the same category. While both brokers have strengths, BlackBull Markets appears to offer a more attractive fee structure and a broader range of options for traders looking for flexibility and cost-effectiveness in their trading activities.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| 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 | No |
| 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 BlackBull Markets and FXPrimus for their range of investments, BlackBull Markets stands out with a broader selection. Both platforms offer forex trading as CFDs or spot contracts, but BlackBull Markets provides an impressive 26,000 tradeable symbols compared to FXPrimus's 140. This includes 72 forex pairs for BlackBull Markets, while FXPrimus offers 42 pairs. Furthermore, BlackBull Markets allows clients to invest in exchange traded securities on both U.S. and international exchanges, offering a chance to purchase shares such as Apple and Vodafone. In contrast, FXPrimus does not provide this opportunity. Additionally, both brokers support copy trading, but they do not offer the ability to purchase actual cryptocurrencies.
Moreover, both platforms offer cryptocurrency derivatives and have distinct ratings and rankings for their investment range. BlackBull Markets earns a 5-star rating and is ranked #6 out of 62 brokers by ForexBrokers.com, highlighting its extensive investment offerings. On the other hand, FXPrimus has a 3.5-star rating and is ranked #59, indicating a more limited investment choice. These differences make BlackBull Markets the preferable option for those seeking a wider variety of investment opportunities.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 140 |
| Forex Pairs (Total) | 72 | 42 |
| 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.
Both BlackBull Markets and FXPrimus offer a range of trading platforms and tools suitable for traders of various levels. Both brokers provide simulated trading with a free virtual demo account, which is an excellent way for beginners to practice before investing real money. While BlackBull Markets sticks to established platforms like MetaTrader 4 and 5, FXPrimus goes a step further by adding its own proprietary platform alongside these industry standards. When it comes to accessibility, both brokers support Windows-based desktop downloads and web-based trading options, so you can trade irrespective of your preferred device. In terms of copy trading, both BlackBull Markets and FXPrimus have this feature, although BlackBull Markets extends its offering with the inclusion of ZuluTrade, which FXPrimus does not provide. Notably, both brokers lack the DupliTrade feature.
Charting features can make a significant difference in trading efficiency, and BlackBull Markets shines with 60 drawing tools, far surpassing the 15 tools available with FXPrimus. If chart-based trading is crucial for you, BlackBull Markets might be the preferable choice. Additionally, both brokers permit trading directly from charts, facilitating quick decisions. When it comes to managing your watch list, FXPrimus offers slightly more flexibility with seven fields for customization, compared to six fields provided by BlackBull Markets. Rated four stars each for their trading platforms and tools, BlackBull Markets enjoys a higher ranking, positioned at #29 compared to FXPrimus’s #49, out of 62 brokers evaluated by ForexBrokers.com. This might suggest a slight edge in their platform offerings and overall user satisfaction.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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.
Both BlackBull Markets and FXPrimus offer comprehensive mobile trading apps compatible with iPhone and Android devices. Users can set up stock or forex price alerts and draw trendlines on charts in both applications. Each app includes 30 technical studies for chart analysis and supports multiple time frames like daily, weekly, or intraday views. Additionally, creating watchlists with real-time quotes is possible with both BlackBull Markets and FXPrimus mobile apps.
However, one key difference lies in watchlist synchronization. BlackBull Markets enables syncing watchlists between the mobile app and the online account, ensuring any changes made reflect across platforms. Unfortunately, FXPrimus does not offer this functionality. While both apps auto-save chart drawings and are rated 4 stars for mobile trading, BlackBull Markets edges out FXPrimus in ForexBrokers.com's rankings, claiming the 31st spot compared to FXPrimus's 48th place among 62 brokers.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing BlackBull Markets and FXPrimus for market research offerings, both brokers provide daily market commentary to keep traders informed. However, neither offers forex news from top-tier sources such as Bloomberg or Reuters. BlackBull Markets stands out by offering technical analysis and research tools from Autochartist, whereas FXPrimus does not provide these resources. Both brokers lack tools from Trading Central and market research from TipRanks and Acuity Trading. In terms of sentiment-based trading tools, BlackBull Markets gives traders an advantage by providing insights into market positions, a feature absent in FXPrimus's offerings. Both brokers do offer economic calendars to track global economic events, helping traders stay ahead of market movements.
In terms of overall research quality, BlackBull Markets earns a higher rating with 4 stars, compared to FXPrimus's 3-star rating. This is further reflected in their rankings from ForexBrokers.com, where BlackBull Markets is positioned at the #18 spot out of 62 brokers, while FXPrimus lags behind at #58. These distinctions underscore BlackBull Markets' stronger commitment to equipping traders with essential market research tools and insights to optimize trading strategies.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| 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 | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners, BlackBull Markets and FXPrimus both provide a wide range of materials on forex and CFDs. Each offers more than ten educational pieces like articles, videos, and archived webinars, making it easy for newcomers to grasp essential trading concepts. Both platforms host monthly webinars and provide searchable archives of previously recorded sessions, allowing users to revisit and learn at their own pace.
BlackBull Markets, however, stands out by offering over ten beginner-focused educational videos, as well as a comprehensive investor dictionary with over fifty terms. This platform also provides advanced video content for experienced traders that FXPrimus lacks. Given these features, BlackBull Markets has received a higher education rating of four stars compared to FXPrimus's three stars, reflecting its commitment to delivering thorough educational support. ForexBrokers.com ranks BlackBull Markets at #29 for education among 62 brokers, while FXPrimus holds the #51 spot, further highlighting the gap in educational offerings between the two brokers.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 FXPrimus. BlackBull Markets finished with an overall rank of #24, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 78 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both BlackBull Markets and FXPrimus do not offer the ability to purchase actual delivered cryptocurrency, but they both offer the capability to trade in cryptocurrency derivatives.
Both BlackBull Markets and FXPrimus provide fund deposit and withdrawal options via Skrill, Visa or Mastercard, and bank wires, but neither offers ACH, SEPA transfers, nor PayPal.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| Trust Score | 78 | 71 | |
| 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 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| 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 | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 140 | |
| Forex Pairs (Total) | 72 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes |
| Funding | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | No |
| Trading Tools | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| 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 | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill