Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Spreadex, 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, established in 2014, and Spreadex, founded back in 1999, are both online brokers that cater to traders seeking reliable services. Neither of these firms is publicly traded or operates as a bank, which is quite common in the brokerage industry. Each holds one Tier-1 license, a credential indicating a high level of trust according to ForexBrokers.com. However, unlike some competitors, neither broker holds any Tier-2 licenses.
In terms of overall trust and safety, BlackBull Markets has earned a Trust Score of 78 out of 99 from ForexBrokers.com, categorizing it as an average risk broker. Spreadex follows closely with a Trust Score of 71, also placing it in the average risk category. These scores can be crucial for traders as they compare platforms for their investment needs, highlighting the importance of regulatory standing in choosing an online broker.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| 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 | 0 |
BlackBull Markets offers a competitive pricing structure with three distinct account types tailored to different trading needs. The Standard account allows for commission-free trading but incurs higher spreads, making it suitable for traders who prefer a straightforward pricing model. The Prime account, favored by many for its lower spreads, requires a $2,000 minimum deposit and charges a commission of $6 per lot round turn. For more active traders, the ECN Institutional account necessitates a $20,000 deposit and offers even lower commission rates of $4 per round turn. With an average spread of 0.16 on the EUR/USD for Prime account holders, BlackBull Markets has secured a 4.5-star rating and ranks #18 out of 62 brokers by ForexBrokers.com for its commission and fees structure.
Spreadex, while slightly trailing BlackBull Markets, offers average spreads of 0.81 pips on the EUR/USD, with the potential to reach a minimum spread of 0.6 pips 60% of the time. The consistency in maintaining competitive spreads makes Spreadex an attractive option for those who prefer a blend of good pricing and fewer complexity. Spreadex has earned a respectable 4-star rating and is ranked #27 out of 62 brokers in the same category according to ForexBrokers.com.
When choosing between BlackBull Markets and Spreadex for commissions and fees, traders should consider their trading volume, deposit capability, and preference for lower spreads versus commission-free options. BlackBull Markets appears to provide an edge with its lower spreads and competitive commission rates, especially for active traders with higher deposit thresholds. Meanwhile, Spreadex offers simplicity and reliability in its spread structure, making it suitable for traders who prioritize straightforward costs. Both brokers are highly regarded, but the choice ultimately depends on individual trading priorities and financial commitments.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.71 | 0.81 |
| 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 | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
BlackBull Markets and Spreadex both offer forex trading through CFDs or spot contracts. BlackBull Markets provides a significantly larger pool of investment opportunities with 26,000 tradeable symbols compared to Spreadex’s 10,000. With regard to forex pairs, BlackBull Markets has the upper hand, offering 72 pairs while Spreadex offers 52. A major differentiator is that BlackBull Markets allows trading of U.S. exchange-listed securities and international stocks, such as Apple and Vodafone, which Spreadex does not offer.
Both brokers have high ratings for their range of investments, each securing 5 stars, but BlackBull Markets is ranked higher in the ForexBrokers.com list, coming in at 6th place against Spreadex's 13th. While neither broker offers the purchase of actual cryptocurrencies, they both facilitate trading in cryptocurrency derivatives. Additionally, BlackBull Markets provides copy trading options, which is something that Spreadex does not offer, giving investors a versatile platform with varied options for crafting a diverse investment portfolio.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 10000 |
| Forex Pairs (Total) | 72 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 BlackBull Markets and Spreadex, both brokers offer traders the ability to explore strategies with free virtual demo accounts. However, BlackBull Markets does not have a proprietary platform, which might be a drawback for those who prefer an in-house developed trading experience, whereas Spreadex offers one. For platform compatibility, BlackBull Markets provides a Windows-based desktop trading platform, an option not available for Spreadex users. Both platforms offer web-based trading options, making them accessible across different devices. For those interested in social trading, BlackBull Markets supports copy trading and ZuluTrade, while Spreadex does not provide these services.
Charting capabilities in BlackBull Markets surpass those of Spreadex, offering a more extensive selection of drawing tools. When it comes to watch lists, Spreadex provides slightly more flexibility with eight columns compared to BlackBull Markets' six. While both brokers are rated four stars for their trading platforms and tools, BlackBull Markets is ranked higher by ForexBrokers.com, taking the 29th spot out of 62 brokers, while Spreadex is ranked 46th. This suggests that users may find a broader range of trading features and tools with BlackBull Markets. Nevertheless, with both brokers, traders can execute trades directly from stock charts and enjoy a user-friendly trading experience.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 58 |
| Charting - Drawing Tools (Total) | 60 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Spreadex both cater to traders on the go with their mobile trading applications available for iPhone and Android devices. Both platforms support essential features like stock or forex price alerts, while allowing users to create watchlists with real-time quotes. However, a distinguishing feature comes in the form of watchlist symbol syncing. BlackBull Markets enables syncing between the mobile app and the online account, allowing seamless updates across devices, whereas Spreadex does not include this functionality. Additionally, BlackBull Markets offers 30 technical studies for charting, a feature where Spreadex shares no specific details.
When it comes to customization and charting, BlackBull Markets offers more nuanced tools such as trendline drawing and multiple time frame views. Importantly, any drawings made on BlackBull Markets' charts are automatically saved, ensuring no loss of data, a benefit not mirrored by Spreadex. Both apps enjoy a commendable overall rating of four stars for mobile trading. Nonetheless, BlackBull Markets edges ahead in its competitive standing, securing a #31 spot in ForexBrokers.com's rankings out of 62 brokers, compared to Spreadex's #46 position, indicating a slight preference by industry evaluators for BlackBull's mobile trading experience.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating the market research offerings of BlackBull Markets versus Spreadex, both brokers present a set of features tailored to assist traders in making informed decisions. BlackBull Markets and Spreadex both provide daily market commentary and have deployed tools from Autochartist to aid in technical and fundamental research. Additionally, both offer sentiment-based trading tools that depict the ratio of long and short positions across various instruments, along with an economic calendar to track significant global financial events.
However, a notable distinction lies in their access to news sources, as Spreadex delivers forex news derived from top-tier sources such as Bloomberg and Reuters, unlike BlackBull Markets. Furthermore, neither broker includes offerings from Trading Central or market research from companies like TipRanks or Acuity Trading in their arsenal. When esteemed sites like ForexBrokers.com assess these platforms, BlackBull Markets earns a commendable 4-star rating for research and secures the 18th position out of 62 brokers. Spreadex, although matching the 4-star rating, is positioned at 31st place in the same category. This comparison underscores the strengths and gaps of each broker, highlighting their unique contributions to empowering traders with crucial market insights.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | 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.
BlackBull Markets and Spreadex both provide essential educational resources for those beginning their journey in forex and CFD trading. Both platforms offer a collection of educational materials, including articles, videos, and archived webinars, that cater to new and seasoned traders alike. However, BlackBull Markets stands out by offering monthly online webinars, which Spreadex doesn’t provide. Beyond just hosting these live sessions, BlackBull also maintains a searchable archive of past webinars, helping learners catch up on missed content or revisit complex topics.
For beginners, both brokers supply over ten educational videos specifically designed to ease newcomers into the world of trading. Advanced traders will find BlackBull’s range of more specialized content appealing, with more than ten videos targeting experienced strategies. Spreadex lacks in providing this level of content for advanced traders. Both brokers include a comprehensive dictionary of investing terms, enhancing understanding for traders at all levels. While both platforms receive a four-star rating for education, BlackBull Markets is ranked higher at 29th place compared to Spreadex's 45th, according to ForexBrokers.com. This ranking reflects BlackBull’s wider array of educational offerings, making it a favored choice for thorough educational support.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 BlackBull Markets is better than Spreadex. BlackBull Markets finished with an overall rank of #24, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
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| Trust Score | 78 | 71 |
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Both BlackBull Markets and Spreadex do not offer the option to purchase actual delivered cryptocurrency, but they do provide the ability to buy cryptocurrency derivatives.
In a comparison between online brokers BlackBull Markets and Spreadex, neither offers ACH or SEPA transfers or PayPal for deposits or withdrawals, but while BlackBull Markets provides Skrill, Visa, Mastercard, and bank wire options for funding and withdrawals, Spreadex only supports Visa, Mastercard, and bank wire 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 | Spreadex | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Spreadex Review |
| Broker Screenshots | BlackBull Markets | Spreadex | |
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| Regulation | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Trust Score | 78 | 71 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 10000 | |
| Forex Pairs (Total) | 72 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 8 | |
| Charting - Indicators / Studies (Total) | 109 | 58 | |
| Charting - Drawing Tools (Total) | 60 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | BlackBull Markets | Spreadex | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Spreadex Review |
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