Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro and BlackBull Markets are two well-known online brokers with different trust ratings and regulatory standings. Founded in 2006, FxPro holds a Trust Score of 90 out of 99, according to ForexBrokers.com, placing it in the highly trusted category. It boasts two Tier-1 licenses, which are considered highly trusted, and one Tier-2 license, adding to its credibility. Unlike a traditional bank and not listed on any stock exchange, FxPro has established a strong reputation over the years within the online trading space.
BlackBull Markets, established in 2014, has a ForexBrokers.com Trust Score of 78, categorizing it as an average-risk broker. It holds one Tier-1 license, contributing to its moderate level of trust. Similar to FxPro, BlackBull Markets is neither a bank nor a publicly traded company. Despite having fewer licenses and a slightly lower trust rating, BlackBull Markets remains a viable option, particularly for traders looking for an established presence since its inception.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 2006 | 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 | 2 | 1 |
When it comes to commissions and fees, FxPro and BlackBull Markets present distinct offerings for traders. FxPro’s pricing is relatively higher than the industry average, particularly when placed against competitors such as Pepperstone or IC Markets, despite offering both MetaTrader and cTrader platforms. FxPro MT4 users can opt for variable or fixed spreads, with variable spreads offering instant or market execution. On the cTrader platform, spreads are more competitive but users must account for commissions. The effective spread for trading the EUR/USD pair on cTrader is about 1.27 pips, combining an average spread of 0.37 pips and a commission equivalent of 0.9 pips. FxPro boasts a rating of 4 out of 5 stars for commissions and fees from ForexBrokers.com and is ranked 32nd out of 62 brokers in this category.
In contrast, BlackBull Markets' trading costs are on par with the industry average, varying by account type. For instance, the Prime account offers an average EUR/USD spread of 0.16 pips, leading to an all-in cost of 0.76 pips after adding a $6 commission per 10,000 traded. This sets it apart as a favorable choice compared to the Standard account, which is commission-free and requires no minimum deposit but has higher spreads. The Prime account mandates a $2,000 deposit and charges $3 per side in commission. Additionally, BlackBull’s ECN Institutional account caters to active traders with deposits of at least $20,000, featuring lower commission rates of $2 per side. BlackBull Markets shines with a 4.5 out of 5-star rating and ranks 18th out of 62 brokers for commissions and fees.
In summary, BlackBull Markets tends to offer more competitive pricing for traders seeking lower spreads with its tiered account options and ranked slightly higher in terms of commissions and fees. Meanwhile, FxPro, while versatile with its platform offerings, may appeal more to traders valuing its unique execution options despite higher average costs.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | 0.71 |
| All-in Cost EUR/USD - Active | 1.27 | 0.71 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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.
When comparing the range of investments available through FxPro and BlackBull Markets, several key differences stand out. Both platforms allow for forex trading via CFDs or spot contracts. FxPro offers access to 2,249 tradeable symbols, including 70 forex pairs, whereas BlackBull Markets provides a significantly larger selection with 26,000 tradeable symbols and 72 forex pairs. While neither broker facilitates the purchase of actual cryptocurrencies, both offer cryptocurrency derivatives. For those interested in copy trading, both FxPro and BlackBull Markets support this feature.
One notable distinction between the two is in stock trading. BlackBull Markets allows clients to buy exchange traded securities on U.S. exchanges, such as Apple shares, which is an option not provided by FxPro. Both brokers do offer exchange traded securities on international exchanges. In terms of rating, FxPro earns 4 stars for its range of investments, ranking at #28 out of 62 brokers surveyed by ForexBrokers.com. In contrast, BlackBull Markets receives a 5-star rating, ranking impressively at #6 in the same category, reflecting a more extensive array of investment choices.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 26000 |
| Forex Pairs (Total) | 70 | 72 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing the trading platforms and tools offered by FxPro and BlackBull Markets, both brokers provide various options suitable for traders. FxPro stands out by offering a proprietary platform, providing a unique trading experience along with popular choices like MetaTrader 4 and MetaTrader 5. Both brokers also enable desktop as well as web-based trading, catering to different user preferences. Paper trading is available with free demo accounts, allowing traders to practice without risk. For those interested in copy trading, both brokers support this feature, while BlackBull Markets additionally offers ZuluTrade support.
When it comes to charting capabilities, BlackBull Markets impresses with 60 drawing tools, surpassing FxPro's 25. Both brokers allow trading directly from stock charts and have similar watch list features with six columns. Although both brokers are rated four stars for their trading platforms and tools, FxPro ranks higher at #18 compared to BlackBull Markets' #29 according to ForexBrokers.com. As such, traders seeking a proprietary platform might prefer FxPro, while those appreciating a greater number of charting tools may lean toward BlackBull Markets.
| Feature |
FxPro
|
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) | 53 | 109 |
| Charting - Drawing Tools (Total) | 25 | 60 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and BlackBull Markets both provide comprehensive mobile trading apps available for iPhone and Android users. Each app allows traders to receive essential stock and forex price alerts and manage synchronized watchlists that stay updated between the mobile app and the client's online account. Users of both mobile platforms can access multiple timeframes and draw trendlines on charts, with every modification auto-saved for convenience in future sessions. Traders also have the ability to create watchlists with real-time quotes, enhancing their ability to react quickly to market changes.
When it comes to charting capabilities, FxPro sets itself apart by offering 65 technical studies compared to BlackBull Markets' 30. This may provide more in-depth analysis options for those who rely heavily on technical data. In terms of user ratings, the FxPro mobile app garners a slightly higher rating of 4.5 out of 5 stars, compared to BlackBull Markets' 4 stars. This is reflected in their rankings by ForexBrokers.com, with FxPro placed at #15 and BlackBull Markets at #31 out of 62 brokers in the Mobile Trading Apps category. For users seeking a feature-rich mobile trading experience, these factors might tip the scale in favor of FxPro.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 65 | 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 the market research offerings of online brokers FxPro and BlackBull Markets, both platforms provide daily market commentary and display economic calendars to keep traders updated on upcoming global events. In terms of news access, FxPro holds an advantage by offering forex news from top-tier sources such as Bloomberg and Reuters, a feature that BlackBull Markets lacks. While both brokers offer sentiment-based trading tools to display trading biases across various instruments, their approaches to research tools differ. FxPro utilizes Trading Central's analytics for technical analysis, whereas BlackBull Markets partners with Autochartist for its research tools. Notably, neither broker offers market research from TipRanks or Acuity Trading.
Despite these differences, both FxPro and BlackBull Markets are recognized for their impressive research capabilities, each receiving a four out of five-star rating. When ranked among 62 brokers by ForexBrokers.com, BlackBull Markets edges out slightly higher at #18 compared to FxPro's #27 position. This ranking highlights BlackBull Markets' competent offerings in the research category, even though FxPro excels in certain areas like forex news access. Ultimately, both brokers deliver valuable research resources with unique strengths that cater to different trader preferences.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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 comparing FxPro and BlackBull Markets in terms of educational resources for beginners, both online brokers provide more than ten educational pieces such as articles, videos, and archived webinars focusing on forex or CFDs. FxPro and BlackBull Markets each have at least ten beginner educational videos covering essential trading topics. They both offer investor dictionaries with definitions for over 50 investing terms, aiding new traders in understanding the market better. However, FxPro lacks advanced educational videos for experienced traders, whereas BlackBull Markets provides at least ten videos for this audience. Furthermore, FxPro does not host online webinars monthly, while BlackBull Markets offers regular webinars and maintains a searchable archive of recorded sessions, a feature shared by both platforms.
In terms of ratings, both FxPro and BlackBull Markets receive four stars for their educational resources. Despite similar ratings, FxPro ranks higher at number 17 in the education category according to ForexBrokers.com, while BlackBull Markets holds the 29th spot among 62 brokers. This higher rank could be attributed to other factors such as the scope of resources even though both seem well-equipped for beginners looking to delve into trading. Whether you choose FxPro or BlackBull Markets may depend on whether webinars and advanced education are important factors in your learning journey.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 FxPro is better than BlackBull Markets. FxPro finished with an overall rank of #21, while BlackBull Markets finished with an overall rank of #24.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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BlackBull Markets
|
|---|---|---|
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| Trust Score | 90 | 78 |
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Both FxPro and BlackBull Markets enable investors to trade cryptocurrency derivatives, but neither platform offers the option to purchase actual (delivered) cryptocurrency.
FxPro stands out with its support for ACH or SEPA transfers and PayPal among its deposit and withdrawal methods, while both FxPro and BlackBull Markets offer Skrill, Visa or Mastercard, and bank wires, though BlackBull Markets lacks ACH, SEPA, and PayPal options.
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 | FxPro | BlackBull Markets | |
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| Trust Score | 90 | 78 | |
| Winner | check_circle | ||
| Review | FxPro Review | BlackBull Markets Review |
| Broker Screenshots | FxPro | BlackBull Markets | |
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| Regulation | FxPro | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 90 | 78 | |
| Year Founded | 2006 | 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 | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | BlackBull Markets | |
|---|---|---|---|
| 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) | Yes | 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) | FxPro | 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 | FxPro | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 26000 | |
| Forex Pairs (Total) | 70 | 72 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | BlackBull Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 0.71 | |
| All-in Cost EUR/USD - Active | 1.27 | 0.71 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | No |
| Trading Platforms | FxPro | 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 | FxPro | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 6 | |
| Charting - Indicators / Studies (Total) | 53 | 109 | |
| Charting - Drawing Tools (Total) | 25 | 60 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | BlackBull Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | BlackBull Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | 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 | FxPro Review | BlackBull Markets Review |
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| Trust Score | 90 | 78 | |
| Winner | check_circle | ||
| Review | FxPro Review | BlackBull Markets Review |
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