Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs RoboForex, 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.
When considering online brokers for your trading needs, BlackBull Markets and RoboForex stand out with their strong regulatory credentials, each founded in different years, 2014 and 2009 respectively. Both companies are not publicly traded and do not function as banks. Importantly, each of these brokers holds a Tier-1 license, categorizing them as highly trusted entities, though they hold no Tier-2 licenses according to the ForexBrokers.com rating system.
Examining their Trust Scores, BlackBull Markets scores a 78, placing it at an average risk level, while RoboForex trails with a rating of 73, still falling within the average risk category. Despite these differences, both brokers maintain a reasonable level of trust within the industry, making them viable options depending on your trading preferences and comfort with risk. Overall, considering their regulatory standing, both BlackBull Markets and RoboForex offer credible environments for engaging in online trading.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| 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 | 2 |
When comparing the commissions and fees of BlackBull Markets and RoboForex, BlackBull Markets stands out with its account flexibility. It offers three account types with varying costs and requirements. For those opting for lower spreads, the Prime account is ideal, featuring an average spread of 0.16 on the EUR/USD pair, leading to an all-in cost of 0.76 when including the per-side commission of 0.3 pips or $6 per 10,000 traded. The Standard account provides a commission-free experience but comes with higher spreads, whereas the ECN Institutional account caters to active traders with a requirement of a $20,000 deposit and lower commission rates.
RoboForex, on the other hand, presents higher average spreads of 1.3 pips for the EUR/USD pair, particularly across its Procent and Pro accounts. This makes it less competitive in terms of trading costs compared to BlackBull Markets. RoboForex may not be the preferred choice for traders seeking the most cost-effective trading conditions, especially those focused on tight spreads and lower commissions.
In terms of ratings, BlackBull Markets receives a commendable 4.5 out of 5 stars for its commissions and fees, ranking #19 out of 62 brokers in this category. Conversely, RoboForex is rated at 3.5 stars, placing it at #54 on the same list. This comparison highlights BlackBull Markets as a more appealing option for traders prioritizing lower trading costs and a wider selection of account types.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.76 | 1.3 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 it comes to the range of investment options, BlackBull Markets and RoboForex have their unique offerings. BlackBull Markets stands out with an impressive 26,000 tradeable symbols, including 72 forex pairs, providing a broad spectrum for traders interested in a diverse portfolio. They also offer the opportunity to invest in exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase shares of companies like Apple and Vodafone directly. On the other hand, RoboForex offers a substantial selection of 8,400 tradeable symbols, including 28 forex pairs. However, RoboForex lacks the option to trade direct exchange-listed stocks on U.S. and international exchanges.
Both platforms offer forex trading through CFDs or spot contracts and support cryptocurrency derivatives but not the delivery of actual cryptocurrencies. Additionally, BlackBull Markets and RoboForex provide copy trading options, catering to investors who prefer to follow experienced traders. In evaluations by ForexBrokers.com, BlackBull Markets shines with a 5-star rating and is ranked 6th out of 62 brokers for its range of investments, reflecting its comprehensive offering. In contrast, while RoboForex holds a respectable 4.5-star rating and 20th place in the same category, it provides fewer investment choices in comparison to BlackBull Markets.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 8400 |
| Forex Pairs (Total) | 72 | 28 |
| 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 RoboForex provide traders with the option of simulated trading through free virtual demo accounts, ensuring users can practice without financial risk. While neither broker offers a proprietary trading platform, both feature popular third-party platforms such as MetaTrader 4 and MetaTrader 5, accessible via Windows-based desktop downloads and web-based interfaces. However, for those interested in copy trading, only BlackBull Markets provides support for ZuluTrade, whereas RoboForex does not. Additionally, both brokers allow trading directly from stock charts to enhance user experience and efficiency.
When it comes to charting tools, BlackBull Markets offers an extensive suite with 60 drawing tools, whereas RoboForex supplies just 15, allowing for more comprehensive technical analysis with BlackBull. Both brokers provide multiple column options for watch lists, with RoboForex offering one more field than BlackBull's six. Despite these differences, each broker receives a 4-star rating for their trading platforms and tools. However, in the rankings by ForexBrokers.com, BlackBull Markets is placed higher at #28 compared to RoboForex's #43, which might reflect minor variations in user preference and platform functions.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| 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 | 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 RoboForex provide comprehensive mobile trading experiences on iPhone and Android devices. They offer similar features, such as stock and forex price alerts, the ability to draw trendlines, and view multiple time frames on charts. Users of both platforms can enjoy creating watchlists with real-time quotes and utilize up to 30 technical studies for enhanced charting analysis. However, a standout feature of BlackBull Markets is the ability to sync watchlists across devices, allowing changes made on mobile to reflect on the online account, a capability RoboForex lacks.
When it comes to ratings, both platforms score equally well with a 4-star rating for their mobile apps. Yet, BlackBull Markets holds a higher ranking for mobile trading apps at #30 compared to RoboForex's #43 out of 62 brokers rated by ForexBrokers.com. This subtle edge suggests BlackBull Markets might offer a slightly more refined mobile trading experience, despite both platforms providing similar basic functionalities and high user satisfaction.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| 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 the market research offerings of BlackBull Markets and RoboForex, both brokers provide daily market commentary and maintain an economic calendar to keep traders informed of global events. However, RoboForex stands out by offering forex news from top sources like Bloomberg and Reuters, and access to Trading Central tools. In contrast, BlackBull Markets shines with its Autochartist technical tools and sentiment-based trading supports, which show the ratio of long or short positions in currency pairs.
While RoboForex integrates research tools from Acuity Trading, BlackBull Markets takes a different path with a focus on sentiment analysis tools. Despite these differences, the overall quality of research at BlackBull Markets is recognized with a 4-star rating and an 18th place ranking in ForexBrokers.com's research category, compared to RoboForex's 3.5 stars and 37th place. This makes BlackBull Markets a slightly more attractive option for traders seeking comprehensive market analysis and cutting-edge sentiment tools.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
BlackBull Markets proves to be a stronger choice for beginners seeking educational resources about online trading compared to RoboForex. With a comprehensive range of educational materials, BlackBull Markets provides over 10 articles, videos, and archived webinars focusing on forex and CFDs. They also deliver monthly client webinars and maintain a searchable archive of past sessions, making learning accessible and ongoing. Tailored resources include more than 10 educational videos for beginners and advanced traders alike, along with an investor dictionary featuring over 50 investing term definitions. As a result, BlackBull Markets achieves an education rating of 4 stars, establishing its value for new traders aiming to deepen their understanding.
In contrast, RoboForex falls short in offering similar educational materials geared towards beginners. They lack a minimum of 10 educational pieces on forex and CFDs and do not provide client webinars or a library of recorded sessions. Furthermore, they offer limited video content and no investor dictionary, which could pose challenges for novice traders. This lack of resources is reflected in RoboForex's education rating of 3.5 stars. With these aspects considered, BlackBull Markets ranks much higher at #29 out of 62 brokers for education, while RoboForex trails behind at #56.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| 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 | 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 RoboForex. BlackBull Markets finished with an overall rank of #24, while RoboForex finished with an overall rank of #46.
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
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RoboForex
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|---|---|---|
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| Trust Score | 78 | 73 |
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Both BlackBull Markets and RoboForex do not offer the option to buy actual (delivered) cryptocurrency, but they do provide access to cryptocurrency derivatives.
When comparing online brokers BlackBull Markets and RoboForex, RoboForex stands out by offering more diverse payment options, including ACH, SEPA, and PayPal, alongside shared options like Skrill, Visa, Mastercard, and bank wires, whereas BlackBull Markets only provides Skrill, Visa, Mastercard, and bank wire transfer options for 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 | RoboForex | |
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| Trust Score | 78 | 73 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | RoboForex Review |
| Broker Screenshots | BlackBull Markets | RoboForex | |
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| Regulation | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Trust Score | 78 | 73 | |
| 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 | 2 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 8400 | |
| Forex Pairs (Total) | 72 | 28 | |
| 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.76 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.76 | 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 | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | BlackBull Markets | RoboForex | |
|---|---|---|---|
| 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 | No |
| Trading Tools | BlackBull Markets | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | RoboForex | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | BlackBull Markets | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | BlackBull Markets | RoboForex | |
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| Trust Score | 78 | 73 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | RoboForex Review |
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