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 to Trade Nation in terms of commissions and fees, both brokers offer distinct advantages tailored to different types of traders. BlackBull Markets provides three account options with varying structures. The Prime account is optimal for traders who can meet the $2,000 minimum deposit, offering an average spread of 0.16 pips on the EUR/USD pair, which results in an all-in cost of 0.76 pips, including a $6 commission per 10,000 traded. The Standard account, although commission-free, comes with higher spreads, and the ECN Institutional account is designed for active traders with a minimum $20,000 deposit, charging only $4 per round turn. BlackBull Markets receives a 4.5-star rating for commissions and fees and ranks 19th out of 62 brokers.
Trade Nation distinguishes itself by offering competitive fixed-spread pricing across its available platforms, alongside a MetaTrader-based variable pricing option. The company lists a fixed spread of 0.6 pips for the EUR/USD pair, a number that briefly widens during the daily rollover period but averages out to approximately 1 pip. Trade Nation's TN Trader account often shows lower spreads relative to its other accounts when factoring in all costs. The broker's straightforward, predictable pricing model and the availability of commission-free and commission-based accounts add to its appeal, earning it a perfect 5-star rating and a 7th-place ranking among 62 brokers in the commissions and fees category.
In essence, both BlackBull Markets and Trade Nation offer compelling offerings depending on your trading style and budget. BlackBull Markets is ideal for those seeking potentially lower spreads and who can afford higher deposits, while Trade Nation caters to traders looking for fixed and transparent pricing without surprise fluctuations. Assessing these options, Trade Nation appears to have a slight edge for those prioritizing simplicity and fixed cost structures in their trading strategy.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.76 | 0.6 |
| All-in Cost EUR/USD - Active | 0.76 | 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.
When it comes to trading platforms and tools, BlackBull Markets and Trade Nation both offer valuable features for traders, yet they cater to different preferences and needs. While both brokers provide free virtual demo accounts to practice trading, only Trade Nation offers a proprietary platform developed in-house. Both firms support Windows-based desktop download and web-based trading platforms, ensuring accessibility across devices. For those interested in copy trading, each broker has options, but BlackBull Markets stands out with their inclusion of ZuluTrade. On the other hand, MetaTrader 5 (MT5) users will find their option limited to BlackBull Markets, as Trade Nation does not support MT5.
In terms of charting capabilities, BlackBull Markets offers 60 drawing tools, significantly more than Trade Nation's 39. This advantage extends to trading directly from a stock chart, which BlackBull Markets supports, unlike Trade Nation. As for organizing watch lists, Trade Nation provides more customization with 14 available columns compared to BlackBull Markets' 6. Despite these differences, both brokers earn a solid 4-star rating for their trading platforms and tools. However, BlackBull Markets edges ahead in the ForexBrokers.com ranking, securing the 28th position among 62 brokers, while Trade Nation is ranked 45th.
| 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 | 99 |
| 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 choosing a mobile trading app, both BlackBull Markets and Trade Nation offer options for iPhone and Android users. Both platforms provide essential features like stock and forex price alerts, watchlist synchronization between mobile app and online accounts, and the ability to create watchlists with real-time quotes. Users can draw trendlines and view various time frames on charts, with auto-saving for chart drawings available on both apps.
However, a key differentiator is the number of technical studies available for charting. BlackBull Markets offers 30 technical studies, while Trade Nation provides a more extensive selection with 99 technical studies, catering to those who prefer detailed technical analysis. Performance ratings are identical, with both platforms receiving four out of five stars for their mobile trading apps. Yet, BlackBull Markets is ranked higher at #30 compared to Trade Nation's #45 in the ForexBrokers.com rankings among 62 brokers, suggesting a slightly better overall user experience.
| 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 BlackBull Markets and Trade Nation for market research capabilities, several distinctions emerge. BlackBull Markets provides daily market commentary, making it a valuable source for traders seeking consistent insights. However, it lacks forex news coverage from top-tier sources, unlike Trade Nation, which offers updates from leading platforms like Bloomberg, Reuters, and Dow Jones. BlackBull Markets also excels with its inclusion of Autochartist's technical and fundamental analysis tools, which Trade Nation does not offer. Both brokers provide a sentiment-based trading tool to assess market positions among various currency pairs, but BlackBull Markets advances with an economic calendar that helps track global news events, a feature missing in Trade Nation.
In contrast, Trade Nation brings a different advantage by offering research tools from Acuity Trading, such as Signal Centre, not available with BlackBull Markets. Despite these differences, BlackBull Markets is rated slightly higher for research with a 4-star rating compared to Trade Nation’s 3.5 stars. This difference is further reflected in their rankings by ForexBrokers.com, where BlackBull Markets stands at 18th place, while Trade Nation is positioned at 42nd among 62 brokers reviewed. This comparison shows that BlackBull Markets tends to focus on consistent commentary and specialized tools, whereas Trade Nation emphasizes premium news access and diverse analysis tools from external sources.
| Feature |
BlackBull Markets
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| 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 comparing the educational resources for beginners at BlackBull Markets and Trade Nation, both online brokers meet the basic benchmark of offering at least 10 educational materials focused on forex or CFDs. BlackBull Markets goes a step further by hosting live educational webinars each month, providing a searchable archive of these webinars for continued learning. Additionally, BlackBull Markets offers an extensive investor dictionary with over 50 terms, catering to those new to trading. In contrast, Trade Nation lacks monthly webinars and an accessible archive of past sessions and does not provide a comprehensive investor dictionary.
For beginners eager to learn, both brokers supply video content covering essential trading topics. BlackBull Markets supports more advanced traders with additional educational videos, whereas Trade Nation focuses more on beginner content. Due to these comprehensive offerings, BlackBull Markets is rated slightly higher, with 4 stars for its educational resources, compared to Trade Nation’s 3.5 stars. In rankings by ForexBrokers.com, BlackBull Markets stands at 29 out of 62 brokers for educational quality, surpassing Trade Nation, which ranks at 42. This makes BlackBull Markets a more favorable option for beginners looking for a rich learning environment in the trading world.
| 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 | 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 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
|
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 | 0.76 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.76 | 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 | 99 | |
| 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 | No | |
| 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 | No | |
| Investor Dictionary (Glossary) | Yes | No |
| 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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