menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

OANDA vs BlackBull Markets 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of OANDA vs BlackBull Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 92
  • Tradeable Symbols (Total): 4172 info
BlackBull Markets
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 77
  • Tradeable Symbols (Total): 26000

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.

Regulation

OANDA and BlackBull Markets are online brokers with different histories and footprints. OANDA, founded in 1996, is not publicly traded and is not a bank; BlackBull Markets, founded in 2014, is also privately held and not a bank.

Their regulation and trust profiles differ notably. OANDA holds 7 Tier-1 licenses and 0 Tier-2 licenses, while BlackBull Markets holds 1 Tier-1 license and 0 Tier-2 licenses (Tier-1 is considered highly trusted by ForexBrokers.com). On the ForexBrokers.com scale, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted. OANDA’s Trust Score is 92/99 (highly trusted); BlackBull Markets scores 77/99 (average risk).

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Year Founded info 1996 2014
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When comparing commissions and fees, BlackBull Markets comes out ahead of OANDA for most cost-conscious forex traders. OANDA’s pricing is generally on the high side, with its default spreads often wider than the best brokers and its core pricing still carrying a commission that only becomes attractive for larger accounts. OANDA earns a 4-star rating and ranks #30 out of 36 for commissions and fees. BlackBull Markets, by contrast, offers more competitive trading costs overall, especially on its Prime account, where lower spreads help keep the all-in cost down. BlackBull Markets earns a 4.5-star rating and ranks #9 out of 36.

OANDA’s standard pricing had an average EUR/USD spread of 1.61 pips in July 2024, which is fairly expensive compared with top low-cost brokers. Its core pricing lowers spreads, but it adds a $5 per side per $100,000 commission, and the account also requires a $10,000 minimum deposit. That said, OANDA does offer some trader-friendly touches, such as very small trade sizes starting at just 1 unit, plus rebate programs for high-volume clients in select regions. BlackBull Markets has three main account types: a commission-free Standard account, a Prime account with a $2,000 minimum deposit and $3 per side commission, and an ECN Institutional account for larger balances. For the Prime account, BlackBull reported an average EUR/USD spread of 0.16 in March 2024, with an estimated all-in cost of 0.76 pips.

In simple terms, OANDA may suit traders who value flexible trade sizing and automated execution, but its fees are usually less appealing. BlackBull Markets is the better pick if you want lower overall forex trading costs, especially if you qualify for its Prime or ECN pricing. Both brokers are competitive in certain areas, but BlackBull Markets has the edge on commissions and fees.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Minimum Deposit info $0 $0
Average spread (EUR/USD) - Standard account info 1.68 info 1.16 info
All-in Cost EUR/USD - Active info 1.69 info 0.76 info
Non-wire bank transfer info Yes info Yes
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When it comes to range of investments, both OANDA and BlackBull Markets give traders access to forex as a CFD or spot contract, along with U.S. and international exchange-traded securities and copy trading. OANDA offers 4,172 tradeable symbols and 69 forex pairs, while BlackBull Markets lists a much larger selection with 26,000 tradeable symbols and 72 forex pairs. Both brokers also support cryptocurrency CFDs, but only OANDA lets clients buy actual cryptocurrency, not just a CFD.

For investors who want more choice across markets, BlackBull Markets has the wider menu overall and is rated higher for range of investments, with 5 out of 5 stars and a ForexBrokers.com ranking of #7 out of 36 brokers. OANDA still offers a solid selection and earns 4.5 stars, but it ranks #20 out of 36 in this category. If your main priority is the largest available range of tradable products, BlackBull Markets has the edge.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 26000
Forex Pairs (Total) info 69 72
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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.

Trading platforms and tools

OANDA and BlackBull Markets both give traders a solid mix of platform choices and trading tools. Each broker offers a free demo account, web-based trading, Windows desktop downloads, copy trading, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). Both also let users trade directly from charts, which is helpful for quicker order entry. For Trading Platforms and Tools, each broker is rated 4 out of 5 stars, showing that both are well regarded in this area.

The biggest difference is that OANDA also has its own proprietary platform, while BlackBull Markets does not. That may matter for traders who want an in-house platform experience instead of relying only on third-party software like MT4 or MT5. In ForexBrokers.com’s ranking of 36 brokers, OANDA places higher at #16 compared with BlackBull Markets at #25, giving OANDA a slight edge for overall platform and tool quality.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
Charting - Indicators / Studies (Total) info 89 109
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

OANDA and BlackBull Markets both make it easy to trade on the go with iPhone and Android apps, plus price alerts for stocks and forex. Each app also supports 30 technical studies, trendline drawing, and automatic saving of chart drawings, so traders can check markets and mark up charts from their phones. OANDA and BlackBull Markets are evenly matched on these core mobile trading features, making either one a solid choice for everyday mobile use.

The main difference is in watchlist syncing and overall app performance. BlackBull Markets lets users sync watchlists between the mobile app and online account, while OANDA does not. Even so, OANDA comes out ahead in mobile trading app ratings, earning 5 stars and a #7 ranking out of 36 brokers from ForexBrokers.com. BlackBull Markets is rated 4 stars and ranks #27, so OANDA has the edge if mobile app quality is your top priority.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, OANDA and BlackBull Markets both give traders useful day-to-day insights. Each broker offers daily market commentary, Autochartist tools, sentiment data, and an economic calendar to help track global events. That means both platforms can support traders who want a quick view of market trends, possible trade setups, and upcoming news that may move prices.

OANDA has the edge for research depth because it also provides forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, while BlackBull Markets does not. This extra news access helps OANDA stand out for traders who want more in-depth market coverage. That advantage is reflected in the ratings too: OANDA earns 5 stars for Research and ranks #4 out of 36 brokers at ForexBrokers.com, while BlackBull Markets is rated 4.5 stars and ranks #17.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes Yes
Trading Central info No No
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

OANDA and BlackBull Markets both give beginners plenty of ways to learn before placing trades. Each broker offers forex or CFD education with at least 10 learning pieces, plus monthly client webinars and a large library of beginner and advanced videos. That means new traders can find the basics as well as more detailed lessons on trading topics. In simple terms, both brokers make it easy to start building knowledge through articles, videos, and live online sessions.

When it comes to education quality, OANDA has the edge. OANDA is rated 5 stars for Education and ranks #18 out of 36 brokers at ForexBrokers.com, while BlackBull Markets is rated 4.5 stars and ranks #24. For beginners looking for the stronger learning experience, OANDA stands out slightly more, though BlackBull Markets still offers a solid range of educational tools.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than BlackBull Markets. OANDA finished with an overall rank of #13, while BlackBull Markets finished with an overall rank of #22.

A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 92 77
Range of Investments 4.5/5 Stars 5/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or BlackBull Markets?

In the OANDA vs BlackBull Markets comparison, OANDA supports buying actual (delivered) cryptocurrency as well as crypto CFDs, whereas BlackBull Markets offers crypto CFDs only and does not provide access to real, delivered cryptocurrencies.

What funding options does each broker offer?

OANDA vs BlackBull Markets: for deposits and withdrawals, both brokers support ACH/SEPA transfers, Skrill, and bank wires; only OANDA offers PayPal (BlackBull Markets does not); Visa/Mastercard availability is not specified for either.

More Comparisons

OANDA vs Swissquote OANDA vs Octa OANDA vs Questrade OANDA vs ActivTrades OANDA vs XM Group OANDA vs Exness BlackBull Markets vs IFC Markets BlackBull Markets vs City Index BlackBull Markets vs Spreadex BlackBull Markets vs Pepperstone BlackBull Markets vs IC Markets BlackBull Markets vs CMC Markets

Show all



announcementPlease 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

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB

Compare

0 of 5
× OANDA
× BlackBull Markets
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating OANDA BlackBull Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 92 77
Winner check_circle
Review OANDA Review BlackBull Markets Review
Broker Screenshots OANDA BlackBull Markets
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
BlackBull Markets MT5 mobile trading app BlackBull Markets MetaTrader 5 MT5 desktop platform. BlackBull Markets economic calendar. BlackBull Markets Trading Podcasts playlist.
Regulation OANDA BlackBull Markets
Trust Score info 92 77
Year Founded info 1996 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) OANDA BlackBull Markets
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) OANDA BlackBull Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or CMA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA BlackBull Markets
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 26000
Forex Pairs (Total) info 69 72
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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 OANDA BlackBull Markets
Average spread (EUR/USD) - Standard account info 1.68 info 1.16 info
All-in Cost EUR/USD - Active info 1.69 info 0.76 info
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding OANDA BlackBull Markets
Minimum Deposit info $0 $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes info Yes
Trading Platforms OANDA BlackBull Markets
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No Yes
Trading Tools OANDA BlackBull Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 89 109
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA BlackBull Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research OANDA BlackBull Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes Yes
Trading Central info No No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education OANDA BlackBull Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs OANDA BlackBull Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review OANDA Review BlackBull Markets Review
Overall OANDA BlackBull Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 92 77
Winner check_circle
Review OANDA Review BlackBull Markets Review
arrow_upward

close
navigate_before navigate_next