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 comparing BlackBull Markets and Spreadex in terms of commissions and fees, it’s important to consider the costs associated with their different account types. BlackBull Markets provides a range of options, with trading costs varying based on the chosen account. For instance, the Prime account offers an average spread of 0.16 pips on the EUR/USD pair, which translates to a total cost of 0.76 pips after including a per-side commission of 0.3 pips, or $6 per 10,000 traded. This makes the Prime account a more attractive option for those who can meet the $2,000 minimum deposit requirement, as it provides lower spreads compared to the commission-free Standard account.
Spreadex maintains an average spread of 0.81 pips for EUR/USD as of January 2024, with a minimum spread of 0.6 pips achieved 60% of the time during the month. Unlike BlackBull, Spreadex does not vary as much in terms of account offerings but maintains a competitive edge with a straightforward spread-based fee structure. This can benefit traders looking for less complexity and more consistency in their costs.
In terms of ratings, BlackBull Markets earns 4.5 stars for commissions and fees, securing the 19th spot out of 62 brokers in the ForexBrokers.com ranking. On the other hand, Spreadex achieves a 4-star rating and ranks 30th. These ratings and rankings suggest that while both brokers offer competitive fee structures, BlackBull Markets edges out in providing slightly better value and options for different trading needs.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.76 | 0.81 |
| All-in Cost EUR/USD - Active | 0.76 | 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 to Spreadex, traders will find that BlackBull Markets offers a rich set of tools suitable for various trading styles. It provides a free virtual demo account, which can be very useful for beginners or those who wish to test strategies without financial risk. Despite not having a proprietary platform, BlackBull leverages popular platforms like MetaTrader 4 and MetaTrader 5, known for their advanced features. For desktop users, BlackBull offers a Windows-based download option alongside their web-based trading platform, allowing flexibility in trading environments. Furthermore, BlackBull accommodates traders interested in social trading with its copy trading feature and supports ZuluTrade integration. When it comes to charting, BlackBull offers a notable 60 drawing tools, enabling detailed technical analysis, and its trading systems are complemented by the ability to trade directly from stock charts. The broker ranks highly, with a 4-star rating for its platform tools and a respectable position of #28 out of 62 brokers according to ForexBrokers.com.
In contrast, Spreadex offers a proprietary trading platform, focusing on delivering an in-house experience for its traders. However, its platform options are somewhat limited compared to BlackBull as it lacks a free virtual demo account and does not provide a Windows-based desktop download platform. Spreadex does offer a web-based trading platform accessible across various devices, maintaining ease of access for users. While Spreadex does not support MetaTrader 4 or 5 or offer copy trading and ZuluTrade integrations, it does provide the ability to trade directly from stock charts. Charting capabilities are more basic, with 11 drawing tools available. Also, the watch list offers slightly more fields than BlackBull's, with 8 columns. With a 4-star rating for its trading platforms and tools, Spreadex is ranked #46 by ForexBrokers.com, indicating a reasonable but less competitive standing compared to BlackBull Markets.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| 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 | 55 |
| 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.
Both BlackBull Markets and Spreadex deliver daily market commentary, providing traders with consistent insights into market developments. However, when it comes to sourcing forex news from prestigious outlets like Bloomberg and Reuters, Spreadex takes the lead. BlackBull Markets falls short in this area, indicating a potential gap for those seeking premium financial news. On the technical analysis front, BlackBull Markets shines by offering tools from Autochartist, giving traders valuable research aids to make informed decisions. Unfortunately, Spreadex does not match this offering, lacking integration with Autochartist's suite of tools. Both brokers provide a sentiment-based trading tool, allowing traders to gauge the market's long or short biases across various instruments.
Neither BlackBull Markets nor Spreadex collaborates with Trading Central for research tools or utilizes resources from TipRanks or Acuity Trading. However, both platforms supply an economic calendar, keeping traders updated on global economic events that could impact their investments. In terms of overall research capability, both brokers are respected, each earning a four-star rating for their research services. Despite this parity in ratings, BlackBull Markets is ranked higher, placing 18th among 62 brokers, compared to Spreadex’s 31st position, illustrating a slight edge in research offerings as recognized by ForexBrokers.com.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| 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 | 0.76 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.76 | 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 | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 8 | |
| Charting - Indicators / Studies (Total) | 109 | 55 | |
| 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 | No | |
| 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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