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 |
When assessing the commissions and fees of BlackBull Markets and Spreadex, there are noticeable differences in their offerings. BlackBull Markets provides three different account types, and trading costs depend on your choice. The Standard account is commission-free and requires no minimum deposit, but it has higher spreads, making it less ideal for cost-conscious traders. The Prime account stands out with an average spread of 0.16 on the EUR/USD pair, resulting in an overall cost of 0.76 after including commission fees of $6 per 10,000 traded. The Prime account is favored due to its balance between spreads and commission, despite needing a $2,000 minimum deposit. For larger investments, the ECN Institutional account caters to active traders with deposits over $20,000, offering a commission rate of $4 per round turn.
Spreadex, on the other hand, features average spreads for EUR/USD at 0.81 pips as of early 2024, with a minimum spread frequently hitting 0.6 pips. Unlike BlackBull, Spreadex focuses more on its spread offerings, which generally result in a straightforward fee structure. Despite having higher average spreads relative to BlackBull’s Prime account, some traders may prefer Spreadex's simplicity in its spread-based cost.
Overall, when comparing ratings, BlackBull Markets earns a 4.5-star rating for its commissions and fees, placing it at #18 out of 62 brokers in the ForexBrokers.com ranking. Spreadex follows with a 4-star rating, ranking at #30. These rankings highlight BlackBull Markets as the more attractive option for those prioritizing low trading costs within its Prime account setup.
| 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 with Spreadex in terms of trading platforms and tools, both brokers offer a virtual demo account, allowing users to practice trading without risking real money. BlackBull Markets leverages established platforms like MetaTrader 4 and MetaTrader 5, providing flexibility for users on Windows desktops and web browsers. In contrast, Spreadex delivers its own proprietary platform, accessible via a web-based interface, which might appeal to those seeking a unique trading experience. Both platforms allow trading directly from stock charts, though BlackBull Markets enhances this experience with 60 drawing tools compared to Spreadex's 11.
For traders interested in copy trading, BlackBull Markets offers options like ZuluTrade in addition to its platforms, whereas Spreadex does not provide any copy trading services. While Spreadex allows up to 8 columns in watch lists—two more than BlackBull Markets—BlackBull ranks higher on ForexBrokers.com in the Trading Platforms and Tools category, holding the 28th spot compared to Spreadex's 46th. Both received a commendable rating of four out of five stars for their trading platforms and tools, highlighting their capabilities to cater to traders' needs with various features and customization options.
| 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.
When comparing the mobile trading apps of BlackBull Markets and Spreadex, both platforms deliver versatile options for traders using iPhones and Android devices. They provide stock or forex price alerts and the ability to draw trendlines or view multiple timeframes, ensuring traders stay informed and flexible. However, a key distinction lies in the syncing of watchlist symbols; BlackBull Markets excels by offering seamless syncing with clients' online accounts, a feature lacking in Spreadex’s app.
For those prioritizing technical analysis, BlackBull Markets offers a greater advantage by providing 30 technical studies and the ability to auto-save drawings, whereas Spreadex does not. Both apps allow for the creation of watchlists with real-time quotes, but BlackBull Markets stands out with its comprehensive charting and analytics features. Rated four stars out of five, BlackBull Markets ranks #30 out of 62 brokers for mobile trading apps according to ForexBrokers.com, surpassing Spreadex, which holds the #49 spot despite having the same star rating.
| 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
|
|---|---|---|
| Overall Rating |
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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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