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 commissions and fees of BlackBull Markets and FXPrimus, both brokers offer different advantages depending on your trading experience and capital. BlackBull Markets provides a variety of account types that cater to different levels of traders. Its Prime account, which requires a $2,000 minimum deposit, is favored for its competitive spreads starting at 0.16 pips for EUR/USD, resulting in an all-in cost of 0.76 pips inclusive of a $6 commission per 10,000 traded. Meanwhile, the Standard account eliminates commissions, but the spreads are noticeably higher. For high-volume traders, the ECN Institutional account is available, demanding a $20,000 minimum deposit but offering the lowest commission rates at $4 per round turn.
In contrast, FXPrimus does not readily provide average spread data, leaving traders to explore potential costs independently. Despite this, it remains a notable option, albeit with less detailed fee transparency compared to BlackBull Markets. When considering ratings, BlackBull Markets stands out with a commendable 4.5 out of 5 stars for its commissions and fees, securing the 19th position among 62 brokers according to ForexBrokers.com. On the other hand, FXPrimus earns a solid 4 stars, placing it at 42nd rank in the same category.
Ultimately, your choice between BlackBull Markets and FXPrimus will hinge on your trading style and the particular fee structure that aligns with your financial strategy. For those prioritizing lower trading costs and competitive spreads, especially within specific account types, BlackBull Markets might be the more appealing option. In terms of ratings and industry ranking, BlackBull Markets edges out FXPrimus, offering a clearer picture of what traders can expect regarding fees.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.76 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | 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.
BlackBull Markets and FXPrimus both offer trading platforms that cater to a variety of traders with unique preferences and needs. While both brokers provide access to widely used platforms like MetaTrader 4 and MetaTrader 5, they differ in their approach to proprietary technology. BlackBull Markets does not offer a proprietary platform, focusing instead on providing a streamlined trading experience using established systems. In contrast, FXPrimus offers its own proprietary trading platform alongside the Metatrader suites, giving users more native options to choose from.
Both brokers support essential features like simulated trading through free virtual demo accounts and provide Windows-based and web-based platforms for flexibility. Those interested in copy trading will find that both brokers offer this feature, although BlackBull Markets has the added advantage of supporting ZuluTrade. For users interested in more technical aspects, BlackBull Markets offers a greater number of drawing tools—60 compared to FXPrimus’s 15—and an intuitive system for trading directly from stock charts. Each broker provides a different experience for watch lists, with FXPrimus offering slightly more fields than BlackBull Markets. Both brokers score similarly in trading tools, yet BlackBull Markets is ranked higher by ForexBrokers.com, indicating a more favorable overall user experience.
| 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 provide iPhone and Android apps, allowing traders to stay connected regardless of their preferred mobile device. Both platforms offer essential features such as stock and forex price alerts, the ability to draw trendlines on charts, and multiple time frame views, making them convenient for traders on the go. With 30 technical studies available for charting in each app, users can perform in-depth analysis efficiently on both platforms. However, BlackBull Markets stands out with its watchlist symbol syncing feature, which helps ensure that changes made on the app stay in sync with the user's online account, a feature not available with FXPrimus.
When it comes to saving time and effort, both BlackBull Markets and FXPrimus automatically save chart drawings, which can be invaluable for those who frequently analyze market trends. Both apps also allow users to create watchlists with real-time quotes, providing quick access to relevant market data. Despite sharing a range of common features, BlackBull Markets holds a slight edge in terms of ForexBrokers.com rankings, sitting at #30 out of 62 brokers, while FXPrimus is ranked #47. Both apps receive a respectable 4-star rating for mobile trading experience, catering well to traders looking for reliable mobile platforms.
| 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 |
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| Trust Score | 78 | 71 |
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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.
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0 of 5| Overall Rating | BlackBull Markets | FXPrimus | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | FXPrimus | |
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| 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 | 0.76 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | 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 | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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