We tested BlackBull Markets vs easyMarkets and found BlackBull have ECN pricing with variable spreads, while easyMarkets are market makers with fixed spreads. Both brokers offer MT4, MT5 and TradingView. See how we compare them.
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Our full comparison covers the 10 most important trading factors. Here are five noticeable differences between BlackBull Markets and easyMarkets:
Even if you’re an experienced trader, making a decision about the best forex broker to suit your trading style can feel confusing. To help, we run regular head-to-head broker comparisons that are designed to help both experienced and beginner online traders find the brokers that offer the best combination of trading tools, fees and costs. For this review, our team tested BlackBull Markets and easyMarkets.
Read more about Our Methodology. Ross Collins, our Head of Analytics with over 30 years of experience as an active FX trader, breaks down how we rank and rate for this comparison
There’s more to choosing a forex broker than just focusing on trading costs and online trading fees. But, of course, making sure you are getting value for money should play a part.
| BlackBull Markets | easyMarkets | |
|---|---|---|
| Average Spread (EUR/USD) | ECN Standard - min 1.0 pips (1.34 pips avg) ECN Prime - min 0.0 pips (0.8 pips avg) |
easyMarkets - 0.8 pips 0(fixed) MT4 - 07 pips (fixed) MT5 - 0.5 pips (variable) |
| Commission (round turn) 100,000 |
USD 6 per lot | None |
| Inactivity fees | None. | None |
| Minimum deposit | ECN Standard - $0 ECN Prime - $2,000 |
Standard/MT4/MT4 - $00 Premium - $3000 VIP - $10,000 |
| Withdrawal fees | Yes. USD 5 |
No. |
| FINAL SCORE | 47 | 45 |
We found that Blackbull Markets and easyMarkets are wildly contrasting forex brokers in the way they will apply the spreads you will need to pay. BlackBull Markets is a conventional ECN Forex broker, which means they source their spreads directly from their pool of liquidity providers.
Two types of trading accounts are available – one with no commission costs known as ECN Standard. This account has spreads from 1 pips for EUR/USD and an average spread of 1.34 pips, according to tests done by our team. The other account is ECN Prime, with spreads from 0.0 pips and a commission of USD 6 for each lot you trade. Regardless of the account you choose, spreads are variable, meaning they are constantly changing.
easyMarkets, however, is unique because it uses fixed spreads. This means the spreads will stay the same, meaning you do not need to worry about slippage due to volatility in the market. If using the easyMarkets trading platform or TradingView, you can choose between the Standard with a fixed spread of 1.8 pips, Premium with a spread of 1.5 pips and VIP account with a spread of 0.8 pips.
Should MetaTrader 4 be a better trading platform for your needs? Spreads are fixed at 0.7 pips, but you will not be able to use many of the risk management features such as guaranteed stop loss or dealCancellation available with the easyMarkets trading platform. Since we know how to trade, we tend to prefer the savings that lower spreads can give you, so we like the variable spreads we get when choosing the MT5 trading platform. With this account, spreads start from 0.5 pips.
With easyMarkets, there are no withdrawal fees on any of their accounts. Neither broker charges funding fees, but when it comes to minimum deposits, the VIP account with easyMarkets requires a hefty $10,000. BlackBull Markets’ minimum deposits? It starts at $0 (ECN Standard) and goes up to $2000 (ECN Prime).
BlackBull Markets ReviewVisit BlackBull Markets
When choosing a trading platform, we think it is important to have an easy-to-use interface, a useful range of charts, and fast execution as the key factors to look for in a trading platform. Other factors we think are worth considering are whether the trading platform is mainstream (like Metatrader, TradingView) or proprietary, has a risk management tool, allows social trading and has automation. Another useful feature is customisations and the ability to add your own apps.
| BlackBull Markets | easyMarkets | |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | Yes | Yes |
| Desktop | Yes | Yes |
| Web app | Yes | Yes |
| Mobile app | Yes | Yes |
| Other Platforms | BlackBull Shares BlackBull Trade |
easyMarkets |
BlackBull Market’s main trading platform is MetaTrader 4 and MetaTrader 5, but they also offer TradingView. While easyMarkets also has MetaTrader 4, MetaTrader 5, and TradingView, the broker does encourage you to use their in-house developed easyMarkets Trading Platform. Since this platform comes with useful risk management tools like a guaranteed stop loss, dealCancellation and free rate, we do appreciate the benefits of using this platform but do note that spreads will be wider since they are fixed, and a premium needs to be paid for this.
The biggest weakness we found with the easyMarkets trading platforms (other than wider spreads) is that automation, social trading and copy trading are not available with it. easyMarkets do, however, allow expert advisors (EAs) and MetaTrader Signals with MetaTrader 4 and MetaTrader 5, so automation, social trading and copy trading are definitely possible.
It is a different story with BlackBull Market, which allows EAs and Signals trading with MT4 and MT5 but also provides extra social trading platforms you can use. We liked Myfxbook, but you might prefer ZuluTrade or even the BlackBull Markets social trading app with integrated with MetaTrader MQL4 and MQL5 signals network.
| BlackBull Markets | easyMarkets | |
|---|---|---|
| Forex trading | 72 | 62 CFD, 24 Vanilla options |
| Cryptocurrency trading | 9 | 3 |
| Share CFD trading | 26,000+ | 60 (US, EU, AU, JA, HK exchanges) |
| Commodities CFD trading | 9 Metals 5 Energies 8 Softs |
5 Metals 5 Energies 7 Softs |
| ETF CFD trading | 7 | 0 |
| Indices CFD trading | 10 | 14 |
| Bonds/Treasuries CFD trading | 0 | 0 |
| Real Stocks | Yes (selected countries) | 0 |
| Other Products | 0 | 0 |
Verdict
While easyMarkets does have a compelling case when it comes to trading platforms, they do have more trading platforms than BlackBull Markets; we like the greater range of social trading tools BlackBull Markets has to offer. We give easyMarkets a score of 6 out of 10 for trading platforms and BlackBull Markets 7 out of 10.
easyMarkets name their account types after the trading platforms you will use. So you can choose between easyMarkets accounts with 3 tiers (Standard, Premium and VIP). The minimum deposit for the standard account is $200, but spreads are wider, while the minimum deposit for the Premium Account is $500 and VIP Account is $10,000, but you are rewarded with tighter fixed spreads. The other accounts you can choose from are MetaTrader 4 and MetaTrader 5.
easyMarkets uses a market maker pricing model, meaning they are the counterparty to your trades, but the good thing is that spreads are fixed, so you know exactly what the spread will be when you open your trading position. This is a great benefit if you are a scalper, as it means your spreads are predictable. The exception to this rule is MetaTrader 5, which uses variable spreads.
| BlackBull Markets | easyMarkets | |
|---|---|---|
| Market Maker | No | Yes |
| Dealing Desk | No | Yes |
| Execution Type | STP | Market Maker |
| Demo Account | Yes | Yes |
| Standard Account | ECN Standard | MT4, MT5, easyMarkets (with Standard, Premium and VIP options) |
| Commission Account | ECN Prime | No |
| Fixed-spread Account | No | Yes (MT4 and easyMarkets accounts only) |
| Swap-free Account | On request | On request |
| # of Base Currencies | 9 | 19 |
| Maximum Forex Leverage | 1:500 | 1:30 or 1:500 |
BlackBull Markets is a no-dealing desk broker with variable spreads. For this reason, the broker places an emphasis on tight spreads since they profit on trading volume; the more you trade, the more they will get in commissions. We tested BlackBull markets and found them to be the fastest broker for execution speed, with limit orders of 72 ms and market orders of 90 ms. This fast execution is important because it helps to prevent slippage when trading. Execution speed with easyMarkets is less important because the broker guarantees no slippage with their fixed spreads.
Verdict
We gave easyMarkets a score of 4 for trading experience; this isn’t because we think they are poor but a quirk of our methodology. We think a score of 6 is a better reflection of their products. BlackBull Markets fared better with a score of 7.
When it comes to the trading experience, there’s a lot to consider. From our own testing and the information on the page, it’s evident that both BlackBull Markets and easyMarkets have their unique strengths. BlackBull Markets, for instance, is known for its fast execution, which is crucial for traders who want to get in and out of positions quickly. On the other hand, easyMarkets offers a user-friendly platform, especially for those who are new to the trading world.
Verdict: While both brokers offer a commendable trading experience, BlackBull Markets edges out slightly due to its rapid execution speeds, making it the preferred choice for those prioritising efficiency.
easyMarkets Trust Score
BlackBull Markets Trust Score
Online trading comes with risk. Sometimes, you get a big win. Many other times, though, you do not.
Financial losses can happen to beginners and experienced traders, whether you’re trading stocks, CFDs, or forex.
One way to help prevent other risks is all about regulation.
By placing strict requirements on brokers, government-run regulators help prevent fraud and protect customer funds.
| BlackBull Markets | easyMarkets | |
|---|---|---|
| Forex trading | 72 | 62 CFD, 24 Vanilla options |
| Cryptocurrency trading | 9 | 3 |
| Share CFD trading | 26,000+ | 60 (US, EU, AU, JA, HK exchanges) |
| Commodities CFD trading | 9 Metals 5 Energies 8 Softs |
5 Metals 5 Energies 7 Softs |
| ETF CFD trading | 7 | 0 |
| Indices CFD trading | 10 | 14 |
| Bonds/Treasuries CFD trading | 0 | 0 |
| Real Stocks | Yes (selected countries) | 0 |
| Other Products | 0 | 0 |
Verdict
Both brokers are regarded as safe and trusted for online trading, but because BlackBull lacks Tier-1 regulation, with regulation in Australia though ASIC and CySEC for the EU along with risk protection tools like a guaranteed top loss and fixed spreads, we think easyMarkets is the winner in this category. Interestingly, traders in the UK, with easyMarkets, are not protected by the FCA and are instead sent to their offshore subsidiary in the British Virgin Islands or Seychelles but with all their risk management tools, it shouldn’t matter so much.
BlackBull Markets is regulated by the Financial Markets Authority, which is not quite tier-1 but still represents trust, and the broker does have negative balance protection (unless they consider you to be abusing this protection).
BlackBull Markets enables traders access to 72 currency pairs (EUR/USD), compared to easyMarkets’ 62 available pairs; however, easyMarkets does allow vanilla options with 24 of these currency pairs. On the whole BlackBull Market’s range of markets to trade is more vast, including over 26,000 shares both as CFDs and as equities.
| BlackBull Markets | easyMarkets | |
|---|---|---|
| Forex trading | 72 | 62 CFD, 24 Vanilla options |
| Cryptocurrency trading | 9 | 3 |
| Share CFD trading | 26,000+ | 60 (US, EU, AU, JA, HK exchanges) |
| Commodities CFD trading | 9 Metals 5 Energies 8 Softs |
5 Metals 5 Energies 7 Softs |
| ETF CFD trading | 7 | 0 |
| Indices CFD trading | 10 | 14 |
| Bonds/Treasuries CFD trading | 0 | 0 |
| Real Stocks | Yes (selected countries) | 0 |
| Other Products | 0 | 0 |
For Crypto traders, there’s also much more choice with BlackBull (11 cryptocurrencies to trade), compared to easyMarkets’ offer of just four cryptos (Ethereum, Bitcoin, Ripple and Algorand).
Verdict
Because easyMarkets has such a small range of tradeable CFDs, BlackBull outperforms easyMarkets easily. We gave easyMarkets a score of 4 out of 10 and BlackBull Markets a score of 7 out of 10.
In the world of forex trading, education is paramount. Both BlackBull Markets and easyMarkets understand this and have invested heavily in providing top-notch educational resources for their clients. From our analysis of the page and our own testing, here’s a breakdown of what each broker offers in terms of educational content:
Verdict: While both brokers offer impressive educational resources, based on our testing scores, easyMarkets slightly edges out with its diverse range of learning materials, making it the preferred choice for traders keen on continuous learning.
In the competitive world 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. From our analysis and our own testing, 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. easyMarkets, on the other hand, is known for its quick response times and knowledgeable support staff. Both brokers understand the importance of addressing client concerns promptly and efficiently.
| Customer Service Feature | BlackBull Markets | easyMarkets |
|---|---|---|
| Live Chat | Available | Available |
| Email Support | 24/7 | 24/5 |
| Phone Support | Multiple Lines | Direct Line |
| Knowledge Base/FAQs | Comprehensive | Detailed |
| Response Time | Quick | Very Quick |
| Multilingual Support | Yes | Yes |
Verdict: While both brokers offer exceptional customer support, based on our testing scores, easyMarkets takes the lead with its slightly faster response times and dedicated support channels, making it the top choice for traders prioritising customer service.
When it comes to funding options, both BlackBull Markets and easyMarkets provide a variety of choices to cater to the diverse needs of their clients. From traditional bank transfers to modern e-wallet solutions, traders have the flexibility to choose the method that best suits their requirements.
It’s essential 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.
Moreover, 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 brokers understand the importance of this and have thus incorporated a range of options to ensure client satisfaction.
| Funding Option | BlackBull Markets | easyMarkets |
|---|---|---|
| Bank Transfer | ✅ | ✅ |
| Credit Card | ✅ | ✅ |
| PayPal | ❌ | ✅ |
| Skrill | ✅ | ❌ |
| Neteller | ✅ | ✅ |
| Bitcoin | ❌ | ❌ |
| Ethereum | ❌ | ❌ |
| UnionPay | ✅ | ❌ |
| FasaPay | ❌ | ✅ |
| WebMoney | ❌ | ✅ |
Verdict: In terms of the variety of funding options, easyMarkets offers a slightly broader range compared to BlackBull Markets, making it the preferable choice for traders looking for diverse deposit and withdrawal methods.
The minimum deposit requirement is a crucial factor for many traders, especially those who are just starting out in the world of forex trading. 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.
| Broker/Account Type | Minimum Deposit |
|---|---|
| BlackBull Markets – ECN Standard | $0 |
| BlackBull Markets – ECN Prime | $2,000 |
| BlackBull Markets – ECN Institutional | $25,000 |
| easyMarkets – VIP | $10,000 |
| easyMarkets – Premium | $3,000 |
| easyMarkets – Standard | $200 |
| easyMarkets – MT4/MT5 | $200 |
Verdict: When it comes to the lowest minimum deposit, BlackBull Markets takes the lead with their ECN Standard account requiring no minimum deposit, making it an ideal choice for traders who want to start with a smaller investment.
BlackBull Markets is the winner because it excels in multiple key areas, including trading platforms, account features, trading experience, product range, and minimum deposit requirements. The table below summarises the key information leading to this verdict:
| Criteria | BlackBull Markets | easyMarkets |
|---|---|---|
| Lowest Spreads And Fees | ✅ | ✅ |
| Better Trading Platform | ✅ | ❌ |
| Superior Accounts And Features | ✅ | ❌ |
| Best Trading Experience And Ease | ✅ | ❌ |
| Stronger Trust And Regulation | ✅ | ✅ |
| Top Product Range And CFD Markets | ✅ | ❌ |
| Superior Educational Resources | ❌ | ✅ |
| Superior Customer Service | ❌ | ✅ |
| Better Funding Options | ❌ | ✅ |
| Lower Minimum Deposit | ✅ | ❌ |
For those just starting out in the trading world, easyMarkets offers a more beginner-friendly environment with superior educational resources and customer service.
For seasoned professionals looking for advanced features and a wide product range, BlackBull Markets stands out as the preferred choice.
easyMarkets generally offers more competitive spreads and lower costs. While both brokers have their own set of advantages, easyMarkets is known for its fixed spreads, ensuring consistent trading costs. For more detailed insights on spread data and comparisons, you can check out this comprehensive Lowest Commission Brokers.
Both easyMarkets and BlackBull Markets support MetaTrader 4, but BlackBull Markets offers a more enhanced MT4 experience with additional features. MetaTrader 4 is a popular choice among traders for its user-friendly interface and advanced charting tools. For a deeper dive into the best MT4 brokers, you might want to explore this list of top MT4 brokers.
BlackBull Markets stands out when it comes to social trading, offering traders the opportunity to follow and copy the trades of professionals. Social trading has gained immense popularity as it allows less experienced traders to benefit from the strategies of market veterans. If you’re keen on exploring more about social and copy trading platforms, here’s a detailed review of the best social trading platforms.
Neither easyMarkets nor BlackBull Markets offer spread betting as a primary service. Spread betting is a unique form of trading popular in the UK, allowing traders to bet on the direction of market movements without owning the underlying asset. For those interested in spread betting, you can find a list of the best spread betting brokers in the UK.
In my opinion, BlackBull Markets is the superior choice for Australian forex traders. Being founded in New Zealand and regulated by ASIC, they have a strong presence in the Asia-Pacific region. easyMarkets, although offering a robust platform, is based overseas. BlackBull Markets’ commitment to transparency and their ASIC regulation make them a trusted choice for Aussies. For a broader perspective on the best brokers in Australia, you can check out this comprehensive guide on the Best Forex Brokers In Australia.
For UK traders, I believe easyMarkets stands out. While both brokers offer compelling features, easyMarkets is FCA regulated, ensuring a high level of trust and security for UK-based traders. BlackBull Markets, on the other hand, doesn’t have a primary base in the UK. Being FCA regulated is a significant advantage as it’s one of the most respected regulatory bodies in the forex industry. For more insights on the best brokers in the UK, here’s a detailed review of the top UK forex brokers.
Ask an Expert
How much is the commission on BlackBull?
Commission with the ECN Prime account is USD $6.00 per lot round-turn or USD $3.00 each way.