BlackBull Markets vs Spreadex 2026

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

BlackBull Markets (founded 2014) and Spreadex (founded 1999) are online brokers that are not publicly traded and are not banks. Each holds one license from a top-tier regulator (Tier-1) and no Tier-2 licenses, giving them a similar regulatory footprint.

ForexBrokers.com rates BlackBull Markets at 77/99 and Spreadex at 70/99—both in the “average risk” range (70–79). For context: 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. With comparable oversight but a slightly higher Trust Score, BlackBull Markets edges Spreadex on overall trust.

Feature	BlackBull Markets	Spreadex
Year Founded info	2014	1999
Publicly Traded (Listed) info	No	No
Bank info	No	No
Tier-1 Licenses info	1	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	0

Fees

BlackBull Markets generally offers average trading costs, but the exact price depends on the account you choose. Its Standard account has no commission and no minimum deposit, though spreads are wider. The Prime account is better for traders who want lower spreads: on EUR/USD, the average spread was 0.16 pips in March 2024, with an all-in cost of about 0.76 pips after commission. This account requires a $2,000 minimum deposit and charges $3 per side, or $6 round turn per lot. For larger-volume traders, the ECN Institutional account starts at a $20,000 deposit and has a lower $2 per side commission. BlackBull Markets is rated 4.5 out of 5 stars and ranks #9 out of 36 brokers for commissions and fees.

Spreadex also has straightforward pricing, but its average costs are a bit higher than BlackBull Markets. In January 2024, its average EUR/USD spread was 0.81 pips, while the minimum spread of 0.6 pips was reached 60% of the time during the month. Spreadex is rated 4 out of 5 stars and ranks #25 out of 36 brokers for commissions and fees.

Overall, BlackBull Markets is the better choice for commissions and fees if keeping trading costs low is a top priority, especially for active forex traders who can use the Prime or ECN Institutional accounts. Spreadex is still competitive, but its average spread data and lower ranking suggest it is a less cost-friendly option in this category.

Feature	BlackBull Markets	Spreadex
Minimum Deposit info	$0	$0
Average spread (EUR/USD) - Standard account info	1.16 info	0.81 info
All-in Cost EUR/USD - Active info	0.76 info	N/A info
Non-wire bank transfer info	Yes	No
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

BlackBull Markets offers a wider range of investments than Spreadex, with 26,000 tradeable symbols compared with 10,000. It also gives access to 72 forex pairs, ahead of Spreadex’s 52, and both brokers let clients trade forex as CFDs or spot contracts. In addition, BlackBull Markets stands out for offering exchange-traded U.S. shares and international shares, while Spreadex does not provide these direct stock buying options.

Both brokers offer cryptocurrency CFDs, but neither lets you buy actual cryptocurrency. BlackBull Markets also supports copy trading, which Spreadex does not. Even so, both brokers earn 5 stars for Range of Investments, although BlackBull Markets is ranked higher by ForexBrokers.com at #7 out of 36 brokers, versus Spreadex at #13 out of 36.

Feature	BlackBull Markets	Spreadex
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	10000
Forex Pairs (Total) info	72	52
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	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.

Trading platforms and tools

BlackBull Markets and Spreadex both give traders a free demo account and web-based platform access, and both let users trade straight from charts. Each broker also earns a 4-star rating for trading platforms and tools. That said, BlackBull Markets offers more platform choices overall, including a Windows desktop download, MetaTrader 4, MetaTrader 5, and copy trading, which may appeal to traders who want more flexibility and familiar third-party software.

Spreadex stands out for its own in-house trading platform, which BlackBull Markets does not offer, but it does not support desktop downloads, MT4, MT5, or copy trading. In ForexBrokers.com’s Trading Platforms and Tools category, BlackBull Markets is ranked #25 out of 36 brokers, while Spreadex is ranked #34, making BlackBull Markets the stronger pick for traders who want a wider range of platform options and trading tools.

Feature	BlackBull Markets	Spreadex
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
Charting - Indicators / Studies (Total) info	109	58
Charting - Trade From Chart info	Yes	Yes

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

Forex trading apps

BlackBull Markets and Spreadex both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts. Each app also lets traders draw trendlines on charts, and both are rated 4 out of 5 stars for mobile trading. However, BlackBull Markets has the edge in charting tools, offering 30 technical studies in its app, while Spreadex does not list technical studies in the same way.

BlackBull Markets also stands out for watchlist symbol syncing, so changes made in the mobile app and online account stay linked. Its app can also auto-save chart drawings, which Spreadex does not offer. In ForexBrokers.com’s mobile trading apps ranking, BlackBull Markets places higher at #27 out of 36 brokers, compared with Spreadex at #33.

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

Dive deeper: Best Forex Trading Apps.

Market research

BlackBull Markets and Spreadex both offer a solid set of market research features for traders. Each provides daily market commentary, Autochartist tools, sentiment data showing long and short positions, and an economic calendar with upcoming global events. Neither broker includes Trading Central, TipRanks, or Acuity Trading research tools. Where they differ is in forex news: Spreadex offers news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, while BlackBull Markets does not.

Overall, BlackBull Markets has the edge in research quality, with a 4.5-star rating and a ForexBrokers.com ranking of #17 out of 36 brokers. Spreadex is close behind with a 4-star rating and a rank of #27. For traders who want stronger research coverage and higher-rated market analysis, BlackBull Markets has the advantage, while Spreadex stands out for including major-source forex news.

Feature	BlackBull Markets	Spreadex
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	No	Yes
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

When comparing BlackBull Markets and Spreadex for beginner-friendly education, BlackBull Markets comes out ahead overall. It offers forex and CFDs learning content, holds online educational webinars at least once a month, and provides at least 10 beginner videos as well as 10 advanced videos for traders who want to keep learning. That wider mix of articles, webinars, and videos helps new traders build skills step by step, and it is reflected in its 4.5-star Education rating and #24 ranking out of 36 brokers by ForexBrokers.com.

Spreadex also gives beginners access to at least 10 educational videos, so it does have some useful starting material. However, it does not offer monthly educational webinars and does not provide the same level of forex or CFDs education or advanced video content as BlackBull Markets. With a 4-star Education rating and a #33 ranking out of 36, Spreadex is a more limited choice for traders who want a fuller learning experience.

Feature	BlackBull Markets	Spreadex
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 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 #22, while Spreadex finished with an overall rank of #32.

BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.

Feature	BlackBull Markets	Spreadex
Overall Rating info
Trust Score info	77	70
Range of Investments
Trading Fees
Trading Platforms
Research
Mobile Trading
Education

FAQs

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Overall Rating	BlackBull Markets	Spreadex
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	77	70
Winner	check_circle
Review	BlackBull Markets Review	Spreadex Review

Broker Screenshots	BlackBull Markets	Spreadex
Broker Gallery (click to expand) info

Regulation	BlackBull Markets	Spreadex
Trust Score info	77	70
Year Founded info	2014	1999
Publicly Traded (Listed) info	No	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	No info
Tier-1 Licenses info	1	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	0

Tier-1 Licenses (Highly Trusted)	BlackBull Markets	Spreadex
Australia (ASIC Authorised) info	No	No
Canada (CIRO Authorised) info	No	No
Hong Kong (SFC Authorised) info	No	No
Japan (FSA Authorised) info	No	No
Singapore (MAS Authorised) info	No	No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info	No	Yes
USA (CFTC Authorized) info	No	No
New Zealand (FMA Authorised) info	Yes	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	No info

Tier-2 Licenses (Trusted)	BlackBull Markets	Spreadex
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	BlackBull Markets	Spreadex
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	10000
Forex Pairs (Total) info	72	52
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	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 account info	1.16 info	0.81 info
All-in Cost EUR/USD - Active info	0.76 info	N/A info
Inactivity Fee info	No	No
Order execution: Agency info	No	No
Order execution: Market Maker info	Yes	Yes

Funding	BlackBull Markets	Spreadex
Minimum Deposit info	$0	$0
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes
Non-wire bank transfer info	Yes	No

Trading Platforms	BlackBull Markets	Spreadex
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
cTrader info	Yes	No

Trading Tools	BlackBull Markets	Spreadex
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	109	58
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	BlackBull Markets	Spreadex
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	Yes	No
Mobile Charting - Indicators / Studies info	30	N/A
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	No
Mobile Research - Economic Calendar info	Yes	Yes

Research	BlackBull Markets	Spreadex
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	No	Yes
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	BlackBull Markets	Spreadex
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	BlackBull Markets	Spreadex
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	BlackBull Markets Review	Spreadex Review

Overall	BlackBull Markets	Spreadex
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	77	70
Winner	check_circle
Review	BlackBull Markets Review	Spreadex Review