Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs TeleTrade, 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 TeleTrade, founded in 1994, are both private online brokers that are not publicly traded or affiliated with a banking institution. They each hold one Tier-1 license, reflecting a level of high trust as per ForexBrokers.com standards. However, neither broker holds any Tier-2 licenses, which would further bolster their trust credentials.
According to ForexBrokers.com's Trust Score rating, BlackBull Markets scores a 78, placing it in the average risk category. Meanwhile, TeleTrade receives a slightly lower score of 71, still within the average risk range. Both brokers provide investors with regulated environments but highlight the importance of considering individual trust scores when choosing an online broker for trading activities.
| Feature |
BlackBull Markets
|
TeleTrade
|
|---|---|---|
| Year Founded | 2014 | 1994 |
| 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 TeleTrade based on their commissions and fees, BlackBull Markets offers a more flexible and transparent fee structure. BlackBull Markets provides three account types: Standard, Prime, and ECN Institutional. The Standard account is commission-free with no minimum deposit but offers higher spreads. In contrast, the Prime account requires a $2,000 minimum deposit, providing lower spreads at a commission rate of $6 per 10,000 traded. The ECN Institutional account caters to active traders with lower commission rates of $4 per round turn, requiring a minimum deposit of $20,000.
BlackBull Markets is well-regarded for its competitive trading costs, boasting a 4.5-star rating and ranking #18 out of 62 brokers by ForexBrokers.com for its commissions and fees. The Prime account is particularly favored, with an average EUR/USD spread of 0.16, resulting in an overall cost of 0.76 after commissions are added. This makes BlackBull Markets an attractive choice for traders looking for a balance between affordability and quality in trading services.
TeleTrade, on the other hand, has an average spread data that is not provided but is rated with 4 stars for its commissions and fees. It ranks #46 out of 62 brokers in the same category on ForexBrokers.com, indicating that while it is a competitive option, BlackBull Markets might offer more appealing terms for traders focused on minimizing costs and maximizing efficiency in their trading strategies.
| Feature |
BlackBull Markets
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| 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 investments offered by online brokers, BlackBull Markets and TeleTrade have several differences. BlackBull Markets stands out with an impressive 26,000 tradeable symbols, compared to TeleTrade’s 500. Both brokers offer forex trading as a CFD or spot contract, but BlackBull Markets provides access to 72 tradeable forex pairs, while TeleTrade offers 61. Additionally, BlackBull Markets allows investors to trade exchange-traded securities on both U.S. and international markets, presenting opportunities to buy stocks like Apple (NASDAQ: AAPL) and Vodafone (VOD-GB: London Stock Exchange). TeleTrade, on the other hand, does not offer the same access to exchange-traded securities. Both brokers support copy trading and offer cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies.
These distinct offerings are reflected in industry rankings and ratings. BlackBull Markets has earned 5 stars for its range of investments, claiming the 6th spot out of 62 brokers surveyed by ForexBrokers.com. In comparison, TeleTrade holds a rating of 3.5 stars and ranks 45th in the same category. These differences highlight BlackBull Markets as a more versatile option for those seeking a broader array of trading opportunities, particularly for those interested in the stock market and extensive symbol selection.
| Feature |
BlackBull Markets
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 500 |
| Forex Pairs (Total) | 72 | 61 |
| 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.
When comparing the trading platforms and tools of BlackBull Markets and TeleTrade, both brokers cater effectively to traders with their offerings but exhibit notable differences. Both firms provide simulated trading via free virtual demo accounts and do not offer proprietary platforms, instead relying on established third-party technologies. Each offers a Windows-based desktop platform and a web-based trading interface, supporting popular options like MetaTrader 4 and MetaTrader 5, alongside ZuluTrade for copy trading. However, neither offers DupliTrade. In terms of charting capabilities, BlackBull Markets stands out with 60 drawing tools, significantly more than TeleTrade's 15. Regardless, both brokers support traders by enabling direct trading from stock charts.
When we delve into the organizational features, BlackBull Markets provides six fields for watch lists compared to TeleTrade's seven, offering slightly more customization. Both brokers earn a commendable four-star rating in the Trading Platforms and Tools category. Despite this, their rankings vary notably, with BlackBull Markets positioned at #28 and TeleTrade at #51 out of 62 brokers according to ForexBrokers.com. This ranking reflects a nuanced difference in user perception and possibly functionality, suggesting that while both platforms offer robust features, BlackBull Markets might have a slight edge in overall user satisfaction or platform capabilities.
| Feature |
BlackBull Markets
|
TeleTrade
|
|---|---|---|
| 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 | Yes |
| Charting - Indicators / Studies (Total) | 109 | 35 |
| 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.
When comparing the mobile trading apps of BlackBull Markets and TeleTrade, both platforms provide solutions for iPhone and Android users, making them versatile choices for traders on the go. Each app includes valuable features such as stock and forex price alerts, the ability to draw trendlines, and views of multiple time frames on charts. Both apps allow users to create watchlists with real-time quotes, which is essential for active traders. However, when it comes to watchlist syncing, BlackBull Markets offers an advantage by allowing users to sync watchlists between their mobile app and online account, a feature not provided by TeleTrade. In terms of charting capabilities, BlackBull Markets offers 30 technical studies, while TeleTrade provides slightly more, with 35 studies.
Both apps are well-regarded, each receiving a 4-star rating for mobile trading. However, in the context of industry rankings by ForexBrokers.com, TeleTrade has a slight edge over BlackBull Markets, ranking 25th out of 62 brokers, compared to BlackBull's rank of 30th. For traders prioritizing synchronized watchlists, BlackBull Markets may be preferred, whereas those valuing a wider range of technical studies might lean towards TeleTrade. Ultimately, both apps present viable options, catering to different trading preferences and needs.
| Feature |
BlackBull Markets
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| 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 TeleTrade, both brokers provide daily market commentary, ensuring traders are kept informed about market trends and developments. However, TeleTrade takes the lead in delivering forex news from top-tier sources such as Bloomberg and Reuters, whereas BlackBull Markets does not offer this feature. On the other hand, BlackBull Markets includes comprehensive tools like Autochartist for technical and fundamental analysis, providing an edge to traders seeking these resources, while TeleTrade lacks this service.
Both brokers offer an economic calendar to track global news events, but BlackBull Markets stands out with additional sentiment-based trading tools that display the ratio of long or short positions across various instruments. With a higher research rating of 4 stars and a ranking of #18 out of 62 brokers according to ForexBrokers.com, BlackBull Markets surpasses TeleTrade, which holds a 3.5-star rating and a #38 ranking. Despite their differences, both aim to enhance the trading experience with their respective offerings.
| Feature |
BlackBull Markets
|
TeleTrade
|
|---|---|---|
| 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 | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, BlackBull Markets stands out as a comprehensive choice for those new to forex and CFDs trading. This platform offers a wide variety of educational materials, including more than ten articles and videos focused on forex and CFDs, making it an ideal learning ground for beginners. BlackBull Markets provides monthly webinars that offer a deeper dive into trading concepts and techniques, and these sessions are archived for later review, adding great flexibility for learners. Moreover, beginners can smooth the learning curve with over ten educational videos tailored specifically for those just starting. An investor dictionary with definitions for over 50 investing terms further enhances the learning experience.
In contrast, TeleTrade offers fewer educational resources tailored for beginners. While the platform holds a decent educational rating of 3.5 stars, it does not meet the threshold of offering ten comprehensive educational pieces around forex and CFDs. TeleTrade also lacks offerings in monthly webinars and does not maintain an archive of past educational webinars, limiting opportunities for learners who might need to catch up or revisit content. The availability of beginner-specific educational videos is also limited, making BlackBull Markets a more attractive option for new traders aiming to bolster their knowledge with readily accessible resources. These differences are reflected in rankings, with BlackBull Markets positioned at #29 and TeleTrade at #61 among 62 brokers reviewed for their educational offerings.
| Feature |
BlackBull Markets
|
TeleTrade
|
|---|---|---|
| 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 TeleTrade. BlackBull Markets finished with an overall rank of #24, while TeleTrade finished with an overall rank of #50.
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
|
TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 71 |
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Both BlackBull Markets and TeleTrade do not offer the ability to purchase actual delivered cryptocurrency, but they both provide options to trade in cryptocurrency derivatives.
When comparing online brokers BlackBull Markets and TeleTrade, neither offers ACH or SEPA transfers or PayPal for deposits and withdrawals, but both support Skrill, Visa/Mastercard, and bank wires.
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 | TeleTrade | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | TeleTrade | |
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| Regulation | BlackBull Markets | TeleTrade | |
|---|---|---|---|
| Trust Score | 78 | 71 | |
| Year Founded | 2014 | 1994 | |
| 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 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | TeleTrade | |
|---|---|---|---|
| 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 | TeleTrade | |
|---|---|---|---|
| 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 | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 500 | |
| Forex Pairs (Total) | 72 | 61 | |
| 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 | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | BlackBull Markets | TeleTrade | |
|---|---|---|---|
| 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 | Yes |
| Trading Tools | BlackBull Markets | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 35 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | TeleTrade | |
|---|---|---|---|
| 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 | 35 | |
| 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 | TeleTrade | |
|---|---|---|---|
| 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 | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | TeleTrade | |
|---|---|---|---|
| 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 | TeleTrade | |
|---|---|---|---|
| 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 |
| Overall | BlackBull Markets | TeleTrade | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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