BlackBull Markets vs eToro 2025
In this review, we will lay down details of both our brokers’ features and platforms. BlackBull Markets offers STP execution with 0 pip spreads on MT4, MT5, and TradingView, while eToro stands out with its commission-free social trading platform. In this review, eToro shines.
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Our full comparison covers the 10 most important trading factors. Here are noticeable differences between BlackBull Markets and eToro:
- eToro is a social trading platform with no commission spreads.
- eToro charges a flat fee of $5 for withdrawals.
- Both of these brokers impress with their zero deposit and consistent low deposits across regions.
1. Lowest Spreads And Fees – BlackBull Markets
In this review, we will explore features and platforms from both of our distinguished brokers. BlackBull Markets and eToro are well-known forex trading brokers, each providing unique features to meet traders’ needs. BlackBull Markets stands out with its competitive spreads and cutting-edge trading tools. On the other hand, eToro stands out for its user-friendly interface and social trading capabilities. Both brokers cater to diverse trading preferences, which ensures a comprehensive trading experience.
Spreads
Spreads significantly impact trading costs, which makes them a crucial factor for traders. BlackBull Markets and eToro offer competitive spreads, particularly for major currency pairs like AUD, GPB EUR, and USD. BlackBull Markets offers RAW spreads as low as 0.14 for EUR/USD, 0.43 for GBP/USD, and 0.30 for AUD/USD. Standard spreads are slightly higher, with EUR/USD at 1.10 and AUD/USD at 1.20. Meanwhile, eToro provides standard spreads of 1.0 for EUR/USD and AUD/USD, but GBP/USD spreads are higher at 2.0. Unfortunately, though, eToro does not offer RAW spreads.
| Standard Account | BlackBull Markets Spreads | eToro Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.5 | 1.5 | 1.6 |
| EUR/USD | 1.1 | 1 | 1.2 |
| USD/JPY | 1.4 | 1 | 1.4 |
| GBP/USD | 1.4 | 2 | 1.6 |
| AUD/USD | 1.2 | 1 | 1.5 |
| USD/CAD | 1.4 | 1.5 | 1.8 |
| EUR/GBP | 1.7 | 1.5 | 1.5 |
| EUR/JPY | 1.8 | 2 | 1.9 |
| AUD/JPY | 2.0 | 2.0 | 2.1 |
Note: It’s essential to research and choose the broker that best fits your trading needs.
Commission Levels
Commissions are another critical aspect of trading costs. BlackBull Markets and eToro adopt different pricing models to accommodate various trader preferences. BlackBull Markets charges a commission of $3 per round lot on ECN accounts, offering transparency and enhanced cost-efficiency for their high-frequency traders. eToro, on the other hand, operates on a speed-only pricing model, making it attractive for casual traders.
Standard Account Fees
Standard account fees encompass all various charges, including deposits, withdrawals, and inactivity fees. These fees can influence a trader’s overall experience. BlackBull Markets have no minimum deposit requirement, no inactivity fees, and no withdrawal fees, which makes it cost-effective for traders, new or seasoned. Conversely, eToro requires a minimum deposit of 4200 in Australia, or $50-$100 in the EU. This gives a charging fee of a $5 withdrawal fee and a $10 monthly inactivity fee after 12 months.
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Standard Account Spreads
|
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|---|---|---|---|---|---|
|
1.10 | 1.20 | 1.50 | 1.40 | 1.40 |
|
1.00 | 1.00 | 1.50 | 2.00 | 1.00 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
Our team’s study reveals that BlackBull Markets and eToro offer distinct advantages. BlackBull Markets offers low spreads and minimal fees for serious traders, while eToro attracts beginners and casual traders with commission-free and social trading options. We can only presume that choosing the right platform will always depend on individual trading needs and preferences.
Our Lowest Spreads and Fees Verdict
BlackBull Markets takes the cake in this category due to their lowest spreads and fees.
BlackBull Markets ReviewVisit BlackBull Markets
2. Better Trading Platforms – BlackBull Markets
Let’s compare the trading platforms of both brokers. BlackBull Markets and eToro provide forex traders with unique and tailored experiences. BlackBull Markets offers a sophisticated MetaTrader platform and advanced charting tools, while eToro emphasizes user-friendly social trading features that encourage trader interaction. Both platforms target diverse trading preferences for their global currency pairs such as AUD, GBP, EUR, and USD, this enhances their value as essential tools in any trader’s journey.
| Trading Platform | BlackBull Markets | eToro |
|---|---|---|
| MetaTrader 4 | Yes | No |
| MetaTrader 5 | Yes | No |
| cTrader | Yes | No |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.
Metatrader
MetaTrader is the cornerstone for advanced forex trading, providing robust tools for analyzing and automating trading strategies. BlackBull Markets offers MetaTrader 4 and 5, featuring advanced charting tools, customizable interfaces, and automated trading through Expert Advisors (EAs). This versatility suits both beginners and professionals. eToro, on the other hand, does not offer MetaTrader platforms, which highlights its exclusive trading platform features.
Advanced Platforms
Advanced platforms can enhance trading efficiency through innovative tools and personalised configurations. BlackBull Markets boasts platforms like cTrader and TradingView, which provide VPS services for seamless automated trading. These tools, though, complement MetaTrader for their diverse trading approaches. eToro offers a user-friendly platform that simplifies trading and includes social trading features for casual traders.
Copy Trading
Copy trading allows beginners to replicate the strategies of experienced traders, helping them learn from their expertise. BlackBull Markets offers basic copy trading services that can improve portfolio diversification, but it doesn’t concentrate only on this feature. Alternatively, eToro stands out with its cutting-edge social trading platform that enables users to effortlessly follow and copy the trades of top investors, creating a vibrant community-driven trading ecosystem.
Looking at our team’s findings, it is clear that BlackBull Markets and eToro cater to different trader needs. BlackBull Markets excels with their cutting-edge trading platforms and robust MetaTrader tools, this is ideal for professionals. eToro excels with its user-friendly social trading features, making it an ideal platform for beginners. In closing, select a broker that meets your trading objectives and personal criteria.
| Broker | Trading Tools |
|---|---|
| BlackBull Markets | Expert Advisors (EAs) |
| eToro | Yes (can copy others) |
Our Better Trading Platform Verdict
BlackBull Markets dominates in this category because of their better trading platform.
3. Superior Accounts And Features – BlackBull Markets
BlackBull Markets and eToro cater to distinct trading preferences. BlackBull Markets offers three account types:
- Standard
- Prime
- Institutional
These accounts provide flexibility for traders with varying needs. It supports ECN execution and platformers like MetaTrader 4 and 5. In contrast, eToro simplifies trading with a single account type, emphasising its unique social trading platform, which allows users to copy trades from experienced traders. Both brokers provide demo accounts, but BlackBull Markets stands out with its RAW account option and active trader features, while eToro excels in social trading.
For a deeper probe, BlackBull Markets offers competitive spreads, low commissions, and access to over 26,000 assets, including forex, CFDs, and commodities. Its platforms, such as TradingView and BlackBull Trade, cater to advanced traders. Meanwhile, eToro’s user-friendly interface and focus on social trading make it ideal for beginners. With features like negative balance protection and a wide range of tradable assets, eToro simplifies forex trading for those new to the market.
| Blackbull Markets | eToro | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | No |
| Swap Free Account | Yes | Yes |
| Active Traders | Yes | No |
| Spread Betting (UK) | No | No |
In conclusion, BlackBull Markets shines with its account types and advanced trading tools, making it a go-to for seasoned traders. eToro, on the other hand, leads in accessibility and innovation with its social trading platform, appealing to novice traders. Both brokers bring unique strengths to the forex industry, ensuring they remain competitive and relevant
Our Superior Accounts and Features Verdict
BlackBull Markets takes the lead in this category owing to its superior accounts and features.
4. Best Trading Experience – BlackBull Markets
BlackBull Markets and eToro cater to different trader preferences, offering unique features that set them apart. BlackBull Markets stands out with its ECN brokerage model, enabling after-execution speeds and low latency, crucial for active and professional traders. On the other hand, eToro’s strength lies in its unrivalled social trading platform, which allows beginner traders to copy the strategies of more experienced ones. Both brokers bring distinct advantages to the table.
Looking more closely, BlackBull Markets provides flexibility with three account types:
- Standard
- Prime
- Institutional
These accounts allow traders to choose based on their style. Its ECN Prime account boasts low commissions, enhancing cost efficiency, especially for high-volume traders. Meanwhile, eToro simplifies trading with a single account type and integrates a unique copy trading feature, making forex trading accessible for newcomers. Bogh brokers contribute significantly by enhancing their platforms with innovative solutions tailored to their target audiences.
| Execution Speeds | Latency | Trading Environment | |
|---|---|---|---|
| Blackbull Markets | Fast (ECN) | Low (ECN) | ECN |
| eToro | Varies | Varies | Social Trading |
BlackBull Markets exceeds with its precision, fast execution, and flexibility, ideal for seasoned professionals. eToro leads in accessibility, innovation, and fostering a collaborative trading environment for beginners. The choice between them depends on the trader’s priorities, though both remain influential in the dynamic world of forex trading.
Our Best Trading Experience and Ease Verdict
BlackBull Markets dominates this category on account of their best trading experience.
5. Stronger Trust And Regulation – eToro
BlackBull Markets and eToro are prominent names in the forex trading industry, offering distinct advantages. BlackBull Markets is regulated by the New Zealand FMA and Seychelles FSA-S, emphasising its commitment to secure trading. It boasts a fast ECN trading environment, lower latency, and flexible account types catering to diverse trading styles. On the other hand, eToro, regulated across multiple Tier 1 and Tier 2 authorities like FCA (UK) and ASIC(Australia), shines with its trusted multi-jurisdictional approach and unique social trading platform, attracting beginner and social traders.
BlackBull Markets is regulated by the New Zealand Financial Markets Authority (FMA) and the Seychelles Financial Services Authority (FSA-S).
eToro Trust Score
eToro is regulated by multiple authorities, including the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the ASIC Regulated Brokers, and the Malta Financial Services Authority (MFSA).
BlackBull Markets Trust Score
BlackBull Markets’ ECN execution speeds, RAW accounts, and competitive fees-like a low $2 commission for an ECN Prime account with a $20,000 deposit-make it a strong choice for active and high-volume traders. Meanwhile, eTor’s regulated global reach coupled with its user-friendly, collaborative trading approach provides opportunities for new traders to learn from those who mimic seasoned investors. Both platforms address varied needs, significantly contributing to the forex trading space.
| BlackBull Markets | eToro | |
|---|---|---|
| Tier 1 Regulation | FMA (New Zealand) | ASIC (Australia) CYSEC (Cyprus) FCA (UK) |
| Tier 2 Regulation | MFSA (Europe) ADGM (UAE) GFSC (Gilbraltar) |
|
| Tier 3 Regulation | FSA-S (Seychelles) | FSA-S (Seychelles) |
In conclusion, BlackBull Markets wins over seasoned traders with its advanced tools and trading cost efficiency. eToro, however, leads in accessibility and innovation through its social trading environment. Both brokers establish strong footholds, serving distinct segments of the forex trading community.
Our Stronger Trust and Regulation Verdict
eToro subtly overtakes this segment because of its stronger trust and regulation.
*Your capital is at risk ‘51% of retail CFD accounts lose money’
6. CFD Product Range And Financial Markets – eToro
BlackBull Markets and eToro offer diverse platforms and features, catering to varied trader needs. BlackBull Markets provides ECN execution with access to 55 forex pairs and over 2,000 share CFDs, complemented by competitive spreads and the MetaTrader 4 (MT4) platform for efficient trade execution. In contrast, eToro emphasises its social trading advantage, coupled with 114+ cryptocurrencies, 26 commodities, and 300 ETFs, making it a highly versatile choice for modern traders. Both bring distinct strengths to the table, appealing to specific trading styles.
Zooming in, BlackBull Markets’ ECN Prime account benefits professional traders with low commissions and a range of advanced options, including futures. The MT4 platform ensures precision and speed enhancing the trading experience for investors. Meanwhile, eToro’s durable regulatory framework and user-friendly interface create opportunities for beginners to explore diverse CFDs and employ social trading tools to learn from market veterans. Each platform aids forex trading through its unique approaches tailored to its core audiences.
BlackBull Markets and eToro offer a wide range of products and CFD markets. To compare, we’ve compiled data from the website and our testing.
| CFDs | BlackBull Markets | eToro |
|---|---|---|
| Forex Pairs | 55 | 55 |
| Indices | 12 | 20 |
| Commodities | 10 Metals 3 Energies 7 Soft Commodities 9 Hard Commodities | 26 |
| Cryptocurrencies | 16 | 114+ |
| Share CFDs | 2,000+ | 1209 NYSE 884 NASDAQ 117 FrankFurt 285 LSE 42 Madrid 49 Zurich 26 Oslo 49 Stockholm 23 Copenhagen 20 Helsingki 135 Hong Kong 3 Lisbon 15 Brussels 1 Saudi Arabia 35 Amsterdam |
| ETFs | No | 300 |
| Bonds | No | No |
| Futures | Futures 22 | No |
| Treasuries | No | No |
| Investments | Yes 26,000 | Yes (US only) |
In summary, eToro takes the lead in market variety and beginner-friendly tools, while BlackBull Markets exceeds with professional-grade features and efficient execution. Both brokers excel by addressing key forex trading needs, this ensures their relevance in the competitive trading landscape.
Our Top Product Range and CFD Markets Verdict
eToro comes out ahead in this segment thanks to its top product range and CFD markets.
*Your capital is at risk ‘51% of retail CFD accounts lose money’
7. Superior Educational Resources – eToro
When it comes to educational resources, BlackBull Markets and eToro bring their unique strengths to the forex industry. BlackBull Markets focuses on enhancing trader skills through comprehensive webinars, seminars, and dedicated market news and analysis. eToro stands out with an interactive trading academy, offering video tutorials, webinars, and e-courses that cater to beginner traders. Both brokers invest in education, which aims to empower their users with tools and insights.
Looking deeper, BlackBull Markets offers detailed research tools and insights tailored for high-volume and experienced traders, making informed decision-making seamless. eToro, however, shines with its innovative social trading features, which allow users to learn directly from seasoned traders by replicating their strategies. the added daily market reviews by expert analysis enhance its offering, providing a well-rounded educational experience.
Both BlackBull Markets and eToro pride themselves on offering a range of educational resources to assist traders at all levels. Here’s a list of comparisons of the educational resources each broker offers:
- BlackBull Markets provides comprehensive educational webinars and seminars for traders to enhance their skills.
- eToro offers an interactive trading academy with video tutorials, webinars, and e-courses.
- BlackBull Markets has a dedicated section for market news and analysis, keeping traders updated.
- eToro has a unique social trading feature where traders can learn from and copy the trades of professionals.
- BlackBull Markets offers detailed research tools and insights to help traders make informed decisions.
- eToro provides daily market reviews and insights from expert analysts.
In conclusion, while BlackBull Markets appeals to advanced traders with in-depth resources and a professional focus, eToro takes the lead in educational diversity and interactivity. Both platforms effectively support their traders, proving vital in cultivating skill development and confidence in the competitive forex trading space.
Our Superior Educational Resources Verdict
eToro subtly overtakes compared to the contender due to their superior educational resources.
*Your capital is at risk ‘51% of retail CFD accounts lose money’
8. Better Customer Service – BlackBull Markets
BlackBull Markets and eToro prioritise customer support but cater to trade preferences differently. BlackBull Markets offers phone support a significant edge for those looking for direct and immediate assistance, along with live chat and email support available 24/6. Meanwhile, eToro ensures convenience with live chat, email support and an extensive FAQ section, serving traders 24/5. both brokers effectively address customer needs but through slightly distinct approaches.
Blackbull Markets’ direct phone line aids traders in urgent situations, while its multilingual support adds to its accessibility. eToro’s strength lies in its user-friendly FA and seamless integration of customer support into its platform, which makes it an attractive option for newer traders needing quick guidance. Both brokers showcase dedication to assisting traders and ensuring smooth user experiences in the forex trading space.
| Feature | BlackBull Markets | eToro |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/6 | 24/5 |
| Multilingual Support | Yes | Yes |
In conclusion, BlackBull markets’ phone support offers a unique advantage for traders valuing personal interaction, while eToro shines with its FAQ and versatile customer service. Both brokers contribute meaningfully, adapting their support systems to fit the diverse needs of their clients, keeping them competitive in this industry.
Our Superior Customer Service Verdict
BlackBull Markets ranks high in this portion, this is due to their superior customer service.
9. Better Funding Options – A Tie
BlackBull Markets and eToro stand out in their offerings but cater to different trader priorities. BlackBull Markets accepts a variety of payment methods, which include unique options like broker-to-broker transfers, and offers over 64 currency pairs, commodities, indices, and CFDs on metals, oil, and gas etoro, meanwhile, shines with its broader range of trading instruments, encompassing forex, commodities, indices, stocks, ETFs, and 114+ cryptocurrencies. Both brokers provide essential payment options like credit cards, PayPal, and e-wallets.
Searching deep, Blackbull markets benefits traders with its flexible payment choices and a focused range of trading tools, supporting advanced strategies for seasoned investors. eTore’s inclusion of unique funding options like Rapid Pay and Klarna, combined with its extensive instrument variety, appeals to traders looking for diversification and innovative tools for portfolio expansion. Both platforms contribute their strengths to enhance forex trading convenience and accessibility.
In conclusion, eToro leads in its extensive market coverage and funding options, making it a versatile choice for diverse traders. BlackBull Markets holds its ground with specialised tools, unique payment methods, and focused trading instruments, appealing to more advanced traders. Together, they exemplify strong competition in the forex industry, addressing varied trader needs.
| Funding Option | BlackBull Markets | eToro |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | Yes |
| POLi / bPay | Yes | Yes |
| Klarna | No | Yes |
Our Better Funding Options Verdict
We have a draw here. eToro and BlackBull Markets shine in this segment because of their better funding options.
10. Lower Minimum Deposit – BlackBull Markets
When it comes to minimum deposit requirements, BlackBull Markets and eToro cater to different trader preferences. BlackBull Markets offers a unique advantage with its zero minimum deposit for the ECN Standard account, making it an option for beginners. For advanced accounts like ECN Prime and ECN Institutional, the deposit requirements rise to $2,000 and $25,000 respectively, appealing to professional traders. Meanwhile, eToro maintains a consistent and accessible minimum deposit of $50 across most regions, making it easier for traders to get started.
Looking deeper, BlackBull markets provide flexibility with its tiered account structure, allowing traders to scale based on their experience and capital. The $0 deposit for the ECN Standard account is particularly appealing for new traders testing the waters. eToro, with its uniform and low deposit threshold, ensures that more casual traders and those with limited funds can explore its platform without a significant financial commitment. Both broker effectively lower barriers for their target audiences.
The table below provides a clear comparison of the minimum deposit amounts required by each broker for their respective account types:
| Trader is a redident in: | Minimum First Deposit (USD) |
| Australia, United Kingdom, Germany, Malaysia, Singapore, Thailand, Ireland, Spain, Sweden | $50 |
| France, Poland, Slovakia, Belgium, Czech Republic | $100 |
| Eligible countries outside of the list | $200 |
| New Zealand | $1,000 |
| Israel | $10,000 |
| Uniited States | $10 |
| Broker | Account Type | Minimum Deposit |
|---|---|---|
| BlackBull Markets | ECN Standard | $0 |
| ECN Prime | $2,000 | |
| ECN Institutional | $25,000 | |
| eToro | Standard | $50 |
In conclusion, BlackBull Markets stands out for its zero minimum deposit, specifically advantageous for entry-level traders. eToro, on the other hand, shines in accessibility with its consistently low deposit requirement. Both brokers showcase strengths that cater to different segments of the trading community, contributing to their appeal in the forex markets.
Our Lower Minimum Deposit Verdict
Evidently, BlackBull Markets ranks highest in the section because of their lower minimum deposit.
So is BlackBull Markets or eToro the Best Broker?
eToro excels in several key areas, including trust and regulation, product range, and educational resources. The table below summarises the key information leading to this verdict:
| Criteria | BlackBull Markets | eToro |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platform | Yes | Yes |
| Superior Accounts And Features | Yes | Yes |
| Best Trading Experience And Ease | Yes | Yes |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | No | Yes |
| Superior Customer Service | Yes | No |
| Better Funding Options | Yes | Yes |
| Lower Minimum Deposit | Yes | No |
Best For Beginner Traders
eToro is the ideal choice for beginner traders due to its user-friendly platform, extensive educational resources, and innovative social trading features.
Best For Experienced Traders
BlackBull Markets stands out for experienced traders, offering advanced trading tools, competitive spreads, and a range of account types to suit different trading strategies.
FAQs Comparing BlackBull Markets Vs eToro
Does eToro or BlackBull Markets Have Lower Costs?
BlackBull Markets generally offers lower costs compared to eToro. While eToro has a spread-only pricing model, BlackBull Markets provides competitive spreads starting from 0 pips. This makes a significant difference in trading costs over time. For a deeper dive into brokers with low commissions, you can explore the Lowest Commission Brokers.
Which Broker Is Better For MetaTrader 4?
Both eToro and BlackBull Markets support MetaTrader 4, but BlackBull Markets offers a more seamless integration with the platform. eToro, on the other hand, is more renowned for its proprietary platform. If you’re keen on finding the best MT4 experience, consider browsing through the hest MT4 brokers.
Which Broker Offers Social Trading?
eToro stands out as a pioneer in social trading, allowing traders to emulate the strategies of professionals. While BlackBull Markets offers advanced trading tools, it doesn’t match eToro’s social trading prowess.
Does Either Broker Offer Spread Betting?
Neither eToro nor BlackBull Markets offer spread betting as a primary service. Spread betting is a unique form of trading popular in the UK and some other regions, and not all brokers provide this service. If you’re interested in brokers that specialise in spread betting, you might want to check out the best spread betting brokers in the UK.
What Broker is Superior For Australian Forex Traders?
In my opinion, BlackBull Markets is the superior choice for Australian forex traders. Founded in New Zealand and now headquartered in Auckland, they are closely connected to the Australian trading community. Furthermore, they are ASIC regulated, ensuring a high level of trust and security for Australian traders. eToro, on the other hand, is an international broker with a significant presence in Australia but is originally based overseas. For a comprehensive list of top brokers in Australia, you can visit this Best Forex Brokers In Australia comparison.
What Broker is Superior For UK Forex Traders?
For UK traders, I believe eToro has a slight edge. They are FCA regulated, which provides a significant level of trust and security for UK-based traders. While BlackBull Markets also offers services in the UK, they are not originally based there. eToro’s platform is user-friendly and offers a range of tools tailored to the needs of UK traders. If you’re looking for more options, here’s a guide to the best forex brokers in UK.
Article Sources
eToro, reaches 20 million users.
https://www.etoro.com/news-and-analysis/etoro-updates/20m-users/
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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