Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Trade Nation, 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.
Both BlackBull Markets and Trade Nation were founded in 2014 and are not publicly traded or affiliated with any bank. When evaluating regulatory standing, BlackBull Markets holds one Tier-1 license, a factor contributing to its ForexBrokers.com Trust Score of 78, placing it in the average risk category. In comparison, Trade Nation holds two Tier-1 licenses and one Tier-2 license, resulting in a Trust Score of 85, which categorizes it as trusted.
These differences in licensing and trust ratings highlight that Trade Nation appears to have a stronger regulatory position than BlackBull Markets. For investors seeking a higher level of trust, Trade Nation's additional licenses may provide added assurance. However, both companies operate under reputable frameworks, offering a secure environment for online trading.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Year Founded | 2014 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing BlackBull Markets and Trade Nation in terms of commissions and fees, each broker offers distinct advantages depending on your trading needs. BlackBull Markets provides three types of accounts with varying spread and commission structures. The Prime account stands out with an average spread of 0.16 pips for the EUR/USD pair, resulting in an all-in cost of 0.76 pips. However, this requires a $2,000 minimum deposit, and commissions of $6 per round turn per lot apply. For those seeking commission-free trading, the Standard account is an option but comes with higher spreads. In contrast, the ECN Institutional account is geared toward active traders with lower commissions but necessitates a sizable $20,000 deposit. Rated 4.5 stars and ranked 18th out of 62 brokers by ForexBrokers.com, BlackBull Markets offers competitive rates depending on the selected account type.
Trade Nation, on the other hand, excels with its fixed-spread pricing system, offering more transparent and possibly cheaper trading solutions. The platform lists a consistent fixed spread of 0.6 pips for EUR/USD trades, with a brief daily widening to up to 1.4 pips during the rollover period. When this is considered, the average spread hovers around 1 pip. Trade Nation’s account options include two MetaTrader-based accounts, with the Raw Spread account imposing a $7 round-trip commission per standard lot. The TN Trader account at Trade Nation offers a lower all-in cost, contributing to its high rating. With 5 stars and positioned as the 7th best broker for commissions and fees by ForexBrokers.com, Trade Nation presents itself as a highly competitive option.
In conclusion, while BlackBull Markets provides varied account options tailored to different traders’ needs, it clearly marks a shift toward potentially lower spreads with required deposits. On the flip side, Trade Nation's strength lies in its transparent, fixed-spread pricing, making it a straightforward choice for traders seeking consistent costs. Ultimately, deciding between these two brokers will depend on an individual's trading volume, account preferences, and whether they prioritize fixed or variable pricing.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.71 | 0.6 |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| 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.
BlackBull Markets and Trade Nation both offer forex trading through Contracts for Difference (CFDs), with BlackBull Markets providing a substantial advantage in the variety of tradeable symbols and forex pairs. BlackBull Markets presents a menu of 26,000 tradeable symbols, including 72 forex pairs, whereas Trade Nation offers 1,000 tradeable symbols and 46 forex pairs. Additionally, BlackBull Markets facilitates direct investment in exchange-traded securities on both U.S. and international exchanges, allowing users to purchase stocks like Apple and Vodafone. In contrast, Trade Nation does not offer delivery of such securities, focusing instead on CFD trading options.
Both brokers accommodate copy trading to align with a growing interest among investors looking to mirror successful strategies. While neither BlackBull Markets nor Trade Nation allow the purchase of actual cryptocurrencies, they both offer the ability to trade in cryptocurrency derivatives. BlackBull Markets is recognized with a five-star rating for its range of investments and is ranked 6th among 62 brokers on ForexBrokers.com. Meanwhile, Trade Nation holds a 3.5-star rating in the same category, coming in at 38th place. This comparison underscores BlackBull Markets' more extensive investment options and higher industry ranking in terms of range.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 1000 |
| Forex Pairs (Total) | 72 | 46 |
| 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.
BlackBull Markets and Trade Nation both offer features designed to enhance the trading experience for their users, but they cater to different trading styles and preferences. Both brokers provide access to demo accounts for simulated trading, helping beginners get comfortable with the platforms. While BlackBull Markets provides well-known platforms such as MetaTrader 4 and MetaTrader 5, Trade Nation offers its own proprietary platform alongside MetaTrader 4, giving users a unique blend of familiar and custom trading environments. Both brokers cater to those who prefer desktop and web-based platforms, with Trade Nation accommodating a wider range of watchlist columns for building complex watch lists.
For users interested in technical analysis, BlackBull Markets stands out by offering 60 drawing tools compared to Trade Nation's 39, allowing for more detailed chart analysis. Additionally, BlackBull Markets supports ZuluTrade for social and copy trading enthusiasts, while Trade Nation does not. The ability to trade directly from a stock chart is available with BlackBull Markets but is absent in Trade Nation. Despite these differences, both brokers receive a solid four-star rating for their trading platforms and tools, indicating they provide commendable service, albeit ranked differently by ForexBrokers.com, with BlackBull Markets at 29th and Trade Nation at 44th out of 62 brokers.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 115 |
| Charting - Drawing Tools (Total) | 60 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of BlackBull Markets and Trade Nation, both platforms provide comprehensive support for iPhone and Android users. Each app also features essential trading functionalities such as the ability to receive price alerts for stock and forex, as well as watchlist symbol syncing, ensuring a seamless experience between the mobile app and an online account. Additionally, both apps allow traders to draw trendlines and view different time frames, with drawings automatically saved for ease of use.
BlackBull Markets and Trade Nation each enable users to create watchlists with real-time quotes, but there are notable differences in their offerings. While BlackBull Markets provides 30 technical studies for charting, Trade Nation impressively extends this with 99 technical studies. Both have received a solid 4-star rating for their mobile trading apps. In terms of industry ranking, BlackBull Markets scores slightly higher at 31st place, compared to Trade Nation's 45th place out of 62 brokers, according to ForexBrokers.com. Whether you prioritize a wide array of technical studies or seamless syncing features, both apps provide reliable platforms for mobile traders.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 99 |
| 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 Trade Nation, investors will find that both platforms provide daily market commentary, aiding traders with regular insights into market trends. However, they diverge in the quality of forex news, with Trade Nation offering up-to-date information from prestigious sources like Bloomberg and Reuters, while BlackBull Markets does not. On the other hand, BlackBull Markets includes tools like Autochartist for technical and fundamental analysis, a feature that Trade Nation lacks. Both brokers provide sentiment-based trading tools, offering valuable insights into market positions and potential shifts. Additionally, BlackBull Markets supports users with an economic calendar to keep track of important global events, a feature missing from Trade Nation.
Though neither broker provides resources from companies like TipRanks or Technical Analytics from Trading Central, Trade Nation includes research tools from Acuity Trading, like Signal Centre, which BlackBull Markets does not cover. In terms of research quality and offerings, BlackBull Markets is slightly ahead, earning a 4-star rating compared to Trade Nation’s 3.5 stars. Evaluated among 62 brokers by ForexBrokers.com, BlackBull Markets ranks at number 18 for research, significantly ahead of Trade Nation, which holds the 42nd position. This suggests that BlackBull Markets offers a broader scope of research tools, appealing to traders looking for diverse and in-depth market analysis.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| 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 | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When it comes to providing educational resources for beginners, both BlackBull Markets and Trade Nation offer a strong foundation. BlackBull Markets distinguishes itself by hosting monthly online educational webinars, coupled with a searchable archive of recorded sessions. This means that users have the flexibility to learn at their own pace or re-watch sessions as needed. Each broker offers more than ten educational pieces on forex and CFDs, ranging from articles to videos, ensuring novices have ample material to explore these markets.
Furthermore, BlackBull Markets and Trade Nation both cater to a wide range of traders by offering a selection of beginner and advanced educational videos, making them suitable for both newcomers and seasoned traders. Users benefit from access to an extensive investor dictionary with over 50 terms, enhancing their trading vocabulary. Ultimately, BlackBull Markets is rated slightly higher at 4 stars for education and holds a better place at #29 in ForexBrokers.com's education rating, compared with Trade Nation's 3.5 stars and #41 ranking. This suggests that while both brokers provide valuable resources, BlackBull Markets may offer a slightly richer educational experience for budding traders.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| 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 | Yes |
| 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 Trade Nation. BlackBull Markets finished with an overall rank of #24, while Trade Nation finished with an overall rank of #34.
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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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 85 |
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Both BlackBull Markets and Trade Nation do not offer the ability to purchase actual (delivered) cryptocurrency, but they both provide options for trading cryptocurrency derivatives, allowing investors to engage with the crypto market through financial instruments rather than owning the digital currency directly.
Both BlackBull Markets and Trade Nation do not offer ACH or SEPA transfers, and neither supports PayPal for deposits or withdrawals, but they both provide Skrill, Visa, Mastercard, and bank wires as options for managing account funds.
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 | Trade Nation | |
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| Trust Score | 78 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Trade Nation Review |
| Broker Screenshots | BlackBull Markets | Trade Nation | |
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| Regulation | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Trust Score | 78 | 85 | |
| Year Founded | 2014 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 1000 | |
| Forex Pairs (Total) | 72 | 46 | |
| 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 | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 14 | |
| Charting - Indicators / Studies (Total) | 109 | 115 | |
| Charting - Drawing Tools (Total) | 60 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| 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 | No |
| Education | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| 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 | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Trade Nation | |
|---|---|---|---|
| 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 | Trade Nation Review |
| Overall | BlackBull Markets | Trade Nation | |
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| Trust Score | 78 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Trade Nation Review |
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