BlackBull Markets vs easyMarkets

2. Superior Trading Platforms – BlackBull Markets

EasyMarkets and Blackbull offer the same trading platforms including MT4, MT5 and TradingView. There are two key differences with only Blackbull offering cTrader while both brokers have their own propriety trading platform.

The biggest weakness of easyMarkets propriety trading platforms vs Blackbull (other than wider spreads) is that automation, social trading and copy trading are not available. easyMarkets do however have some great risk management features available including DealCancellation but this is more geared to beginner traders with a  higher fee associated to the offering.

Verdict

While similar, BlackBull Markets offers more platforms and their own platform is more advanced making them a suitable option in this category.

BlackBull Markets ReviewVisit BlackBull Markets

3. Best Account Features – BlackBull Markets

As discussed earlier, only BlackBull Markets offer ECN accounts which have the lowest fees. By adding a commission rate based on trading volume they can offer the lowest spreads resulting in the lowest brokerage. Both have institutional account options for high volume traders leading to further discounts on fees. Neither brokers has FCA regulation and therefore can’t offer spread betting in the UK.

easyMarkets uses a market maker pricing model, meaning they are the counterparty to your trades. The good news, though, is that spreads are fixed and know exactly what the spread will be when opening a trading position. This is a great benefit if you are a scalper, meaning, your spreads are predictable. MetaTrader 5 is the exception to this rule which uses variable spreads.

Verdict

BlackBull Markets ReviewVisit BlackBull Markets

4. Best Trading Experience – BlackBull Markets

We tested BlackBull Markets and found them to be the fastest broker for execution speed, with limit orders of 72ms and market orders speed of 90ms. EasyMarkets on the other hand were mid-range for both. This means that slippage is more likely to occur when trading with easyMarkets which is one of the biggest drawbacks of forex trading.

Summarising a few key points with trading experience in addition to BlackBull Markets’ faster execution speed:

• easyMarkets provides a seamless trading experience ideal for beginner traders
• BlackBull Markets offers a higher leverage, giving traders more exposure.
• BlackBull Markets has a superior forex trading app ideal for advanced traders

Verdict: BlackBull Markets is a perfect choice in light of its rapid execution speeds, and the use of advanced charting capabilities, making it the best trading experience.

5. Most Trusted -easyMarkets

easyMarkets received a Trust Score of 58 as they are regulated by:

• ASIC (Australia),
• CySEC (Cyprus),
• FSA (Seychelles)
• FSC BVI

They also have strong reviews on TrustPilot of 4.5/5 based on 1,675 reviews.  Founded in 2001 with extensive global marketing campaigns which gives them a strong reputation

easyMarkets Trust Score

Trust Score

0

regulation

0

reputation

0

reviews

0

Founded in 2014, BlackBull Markets has a lower Trust score of 50 and is only well-known by experienced traders or within New Zealand. The broker does have ‘tier 1’ regulation with the FMA (New Zealand) and a superior TrustPilot score of 4.7 based on 877 reviews

BlackBull Markets Trust Score

Trust Score

0

regulation

0

reputation

0

reviews

0

Verdict

6. Widest Product Range – BlackBull Markets

BlackBull Markets enables traders access to 72 currency pairs (EUR/USD), compared to easyMarkets’ 62 available pairs. easyMarkets does allow vanilla options with 24 of these currency pairs. In contrast, BlackBull Market’s range of markets to trade is more vast, including over 26,000 shares both as CFDs and as equities.

There are more choices with BlackBull Markets with 9 cryptocurrencies to trade. Whereas, easyMarkets’ offer 3 cryptocurrencies.

Verdict

We see that BlackBull Markets is a great pick with its widest product range as we give it a score of 7 out of 10 in contrast to easyMarkets’ 4 out of 10 score.

BlackBull Markets ReviewVisit BlackBull Markets

7. Superior Educational Resources – BlackBull Markets

Education is key in the field of forex trading. Investing in top-notch educational tools and resources to enhance the trading experiences for their clients is how both of these brokers truly demonstrate their understanding. Here’s a breakdown of what each broker offers in terms of educational content:

• BlackBull Markets provides comprehensive webinars and seminars for both beginners and advanced traders.
• easyMarkets offers a range of e-books and videos that cover various trading topics in depth.
• BlackBull Markets has an extensive FAQ section addressing common queries and concerns.
• easyMarkets boasts an interactive trading course guiding traders step-by-step.
• Both brokers offer daily market analysis, ensuring traders are up-to-date with the latest market trends.
• BlackBull Markets and easyMarkets both have dedicated sections for trading strategies, helping traders refine their approach.

Verdict: easyMarkets takes the lead with its diverse range of learning materials, making it the preferred choice for traders keen on continuous learning.

8. Top Customer Service – easyMarkets

In the business of forex trading, customer service can make or break a broker’s reputation. Both BlackBull Markets and easyMarkets have prioritised this aspect, ensuring that traders have a seamless experience from start to finish. It’s clear that both brokers have invested heavily in their customer support infrastructure.

BlackBull Markets offers a robust support system, with multiple channels of communication available for traders. While easyMarkets is known for its quick response times and knowledgeable support staff. Both brokers understand the importance of addressing client concerns promptly and efficiently.

Verdict: easyMarkets is a solid option for this portion with its top customer support making it the right choice for traders prioritising customer service.

9. Best Funding Options – easyMarkets

BlackBull Markets and easyMarkets provide a variety of choices to cater to the diverse needs of their clients in regard to funding options. From traditional bank transfers to modern e-wallet solutions, traders have the flexibility to choose the method that best suits their requirements.

It’s crucial for traders to have access to multiple funding options, as it allows for greater flexibility and can significantly impact the overall trading experience. The ease of deposits and withdrawals can be a determining factor for many when choosing a broker.

The availability of multiple funding options ensures that traders can seamlessly move funds in and out of their trading accounts without any hassles. This not only provides convenience, but also adds an extra layer of security, as traders can opt for methods they trust and are familiar with. Both understand the importance of this and have incorporated a range of options to ensure client satisfaction.

Verdict: easyMarkets offers a slightly broader range making it the preferable choice for traders looking for diverse deposit and withdrawal methods. BlackBull Market is a great choice if you are a Neteller or UnionPay user.

10. Lower Minimum Deposit – BlackBull Markets

Minimum deposit requirement is a crucial factor for many traders and beginners alike. It determines how accessible a broker is for different types of traders, from beginners to seasoned professionals.

A lower minimum deposit allows newer traders to start trading without committing a large sum, while higher tiers often come with additional benefits and features for more experienced traders.

BlackBull Markets and easyMarkets have structured their account types to cater to a wide range of traders. BlackBull Markets offers an ECN Standard account with no minimum deposit requirement, making it highly accessible for beginners.

On the other hand, their ECN Prime and ECN Institutional accounts cater to more professional traders with higher minimum deposit requirements. easyMarkets, in contrast, has a tiered approach with their account types, with the Standard and MT4/MT5 accounts being the most accessible.

Verdict: BlackBull Markets leads with the lowest minimum deposit, offering an ECN Standard account with no minimum requirement; an ideal option for traders looking to start with a smaller investment.

Is easyMarkets Or BlackBull Markets the Better Broker?

BlackBull Markets is superior to easyMarkets winning 7 of the 10 criteria important for choosing a broker. This includes the fact that the former has a wider range of trading platforms, lower trading fees, superior accounts and features, better trading experience, a larger CFD product range and lower minimum deposit requirements. The table below summarises the key information leading to this verdict:

Best For Beginner Traders

For traders entering the trading world, easyMarkets provides a more user-friendly environment with exceptional educational resources and customer service.

Best For Experienced Traders

BlackBull Markets stands out as the top choice for seasoned professionals seeking advanced features, lower fees, faster execution speeds and a diverse product range.