This BlackBull Markets vs FxPro review looks at an STP broker vs a market maker. Both have MT4 and MT5 trading platforms, with Blackbull having higher leverage and FxPro fixed and variable spreads.
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Our comprehensive comparison covers the 10 most important trading factors to help you make an informed decision.
When it comes to trading costs, both brokers have their strengths and weaknesses.
Spreads
When it comes to standard account spreads, both BlackBull Markets and FxPro Broker Comparison have their strengths and weaknesses. For the EUR/USD pair, BlackBull Markets offers a slightly lower spread of 1.2 compared to FxPro’s 1.32. This trend continues for the USD/JPY and GBP/USD pairs, where BlackBull Markets again offers lower spreads. However, when we look at the AUD/USD pair, FxPro takes the lead with a spread of 1.95 compared to BlackBull’s 1.7.
In my opinion, if you’re a trader who primarily deals with EUR/USD, USD/JPY, or GBP/USD, BlackBull Markets would be the cheaper option. However, if AUD/USD is your go-to pair, FxPro would be the more cost-effective choice.
| Forex Pair | BlackBull Markets | FxPro Broker Comparison | Industry Average |
|---|---|---|---|
| EUR/USD | 1.2 | 1.32 | 1.18 |
| USD/JPY | 1.3 | 1.4 | 1.37 |
| GBP/USD | 1.4 | 1.7 | 1.51 |
| AUD/USD | 1.7 | 1.95 | 1.41 |
| USD/CAD | 1.5 | 1.73 | 1.70 |
| EUR/GBP | 1.5 | 1.37 | 1.56 |
| EUR/JPY | 1.9 | 1.87 | 1.85 |
| AUD/JPY | 2.1 | 3.19 | 2.09 |
Standard Account Analysis Updated December 2024[1]December 2024 Published And Tested Data
Comparing these brokers to the industry average, both BlackBull Markets and FxPro offer Lowest Fixed Spread Brokers. For most pairs, BlackBull Markets’ spreads are below the industry average, making it a cost-effective choice for many traders. FxPro, on the other hand, offers spreads that are slightly above the industry average for some pairs, but its competitive AUD/USD spread could make it a more attractive option for traders focusing on that pair.
In conclusion, the choice between BlackBull Markets and FxPro would largely depend on which forex pairs you trade most frequently. It’s always important to consider your personal trading habits and preferences when choosing a broker.
Commissions
Blackbull Markets charges a commission of $6 per round turn on its ECN Prime account. FXPro, however, does not charge any commission on its MT4 and MT5 accounts but charges $9 per round turn on its cTrader account.
Deposit & Withdrawal Fees
Neither Blackbull Markets nor FXPro charge any fees for deposits or withdrawals. However, it’s important to note that your bank or payment provider may charge a fee.
Other Fees
Both brokers do not charge any inactivity fees or account maintenance fees. However, overnight swap rates may apply for positions held overnight.
Verdict
When it comes to trading costs, Blackbull Markets comes out on top due to its lower spreads and commissions. For more information on forex trading costs, check out our trading Forex Fees guide.
Black Markets ReviewVisit Black Markets
| Criteria | Blackbull Markets | FXPro |
|---|---|---|
| Spreads | 0.2 pips (EUR/USD) | 1.58 pips (EUR/USD) |
| Commissions | $6 per round turn | $9 per round turn (cTrader) |
| Deposit & Withdrawal Fees | No | No |
| Other Fees | No | No |
| Trading Platform | BlackBull Markets | FxPro |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | Yes |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
MetaTrader 4 and 5
Both brokers offer MetaTrader 4 and MetaTrader 5, the most popular trading platforms in the forex industry. These platforms are known for their advanced charting tools, automated trading capabilities, and wide range of technical indicators.
cTrader and TradingView
FXPro offers cTrader, a platform known for its intuitive interface, advanced charting capabilities, and fast order execution. Blackbull Markets does not offer cTrader. For more information on cTrader, check out our guide on the Best cTrader Brokers.
| Criteria | BlackBull Markets | FXPro |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | Yes |
| TradingView | No | No |
| Other Platforms | BlackBull Social BlackBull Shares BlakcBull Trade |
FxPro Trading Platform |
| VPS Services | Yes | Yes |
Social And Copy Trading
Blackbull Markets offers MetaTrader Signals, ZuluTrade, Myfxbook, and BlackBull Social for social and copy trading. On the other hand, FXPro offers MetaTrader Signals and cTrader Copy for social and copy trading.
Verdict: Blackbull Markets wins this category due to its wider range of social and copy trading platforms.
Black Markets ReviewVisit Black Markets
| Broker | Social and Copy Trading Platforms |
|---|---|
| Blackbull Markets | MetaTrader Signals, ZuluTrade, Myfxbook, BlackBull Social |
| FXPro | MetaTrader Signals, cTrader Copy |
Automated Trading
Both Blackbull Markets and FXPro offer tools for automated trading, which allows traders to automate their trading strategies and eliminate the need for manual intervention.
Blackbull Markets supports the use of Expert Advisors (EAs), which are automated trading systems developed for the MetaTrader platform. EAs can follow predefined strategies regardless of the trader’s presence, allowing for 24/7 trading.
FXPro, on the other hand, not only supports Expert Advisors (EAs) but also offers cTrader Automate, a feature of the cTrader platform that allows traders to create, test, and optimize algorithmic trading strategies in C#.
Verdict: FXPro wins this category due to its wider range of automated trading options.
| Broker | Automated Trading Tools |
|---|---|
| Blackbull Markets | Expert Advisors (EAs) |
| FXPro | Expert Advisors (EAs), cTrader Automate |
VPS and Other Trading Tools
Both brokers offer Virtual Private Server (VPS) services, which can enhance trading performance by ensuring a stable and fast trading environment. Additionally, they offer various trading tools such as economic calendars, market news, and analysis.
Verdict
FXPro wins this category due to its wider range of trading platforms, including cTrader.
Blackbull Markets offers three types of accounts: Standard, Prime, and Institutional. The Standard account is commission-free with slightly higher spreads, while the Prime and Institutional accounts offer tighter spreads with a commission charge.
FXPro, on the other hand, offers four types of accounts: MT4, MT5, cTrader, and FXPro Edge. The account type determines the trading platform, spread, and commission structure.
| Blackbull Markets | FxPro | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | Yes |
| Active Traders | Yes | No |
| Spread Betting (UK) | No | Yes |
Verdict
Both brokers offer a range of account types to cater to different trading needs. However, FXPro offers a more diverse range of account types due to its different platform offerings. For more information on account types, check out our guide on the best forex demo accounts.
| Criteria | Blackbull Markets | FXPro |
|---|---|---|
| Number of Account Types | 3 | 4 |
| Commission-free Account | Yes (Standard) | Yes (MT4, MT5) |
| Low-spread Account | Yes (Prime, Institutional) | Yes (cTrader) |
When it comes to trading experience, BlackBull Markets excels in execution speed, crucial for day traders and scalpers. FxPro, on the other hand, offers the cTrader platform, known for its user-friendly interface and advanced charting tools.
Verdict
If you’re after fast execution and automated trading options, BlackBull Markets is your go-to. However, if you value a diverse and intuitive trading environment, FxPro takes the cake.
FxPro Trust Score
BlackBull Markets Trust Score
Blackbull Markets is regulated by the New Zealand Financial Markets Authority (FMA) and the Seychelles Financial Services Authority (FSA-S), while FXPro is regulated by multiple regulatory bodies, including the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the South Africa Financial Sector Conduct Authority (FSCA), the Securities Commission of The Bahamas (SCB), and the Financial Services Commission, Mauritius (FSCM).
| BlackBull Markets | FxPro | |
|---|---|---|
| Tier 1 Regulation | FMA (New Zealand) | FCA (UK) CYSEC (Cyprus) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | FSA-S (Seychelles) | SCB (Bahamas) FSC-M (Mauritius) FSCA (South Africa) |
Verdict
FXPro wins this category due to its more extensive regulatory oversight, which can provide traders with greater peace of mind. For more information on regulation, check out our guide on FCA Regulated Brokers.
| Broker | Regulator |
|---|---|
| Blackbull Markets | FMA, FSA-S |
| FXPro | FCA, CySEC, FSCA, SCB, FSCM |
Both brokers offer a wide range of products, but FxPro has a more diversified portfolio.
| Product Type | BlackBull Markets | FxPro |
|---|---|---|
| Forex Pairs | Yes | Yes |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Stocks | No | Yes |
| Cryptocurrencies | Yes | No |
| ETFs | No | Yes |
| Bonds | No | Yes |
| Options | No | No |
| Futures | No | No |
| Spread Betting | No | Yes |
Verdict
For traders looking for a diversified portfolio, FxPro offers a more extensive range of CFDs and markets, making it the superior choice in this category.
Education is key in trading, and both brokers offer resources to help traders grow.
Verdict
Based on our comprehensive testing, FxPro offers a more robust educational platform, making it the better choice for traders looking to expand their knowledge.
Customer service can make or break your trading experience. BlackBull Markets offers 24/5 support, while FxPro goes the extra mile with 24/7 service.
| Customer Service Feature | BlackBull Markets | FxPro |
|---|---|---|
| 24/7 Support | No | Yes |
| Live Chat | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| FAQ Section | Yes | Yes |
| Multilingual Support | Yes | Yes |
Verdict
FxPro takes the lead in customer service with its 24/7 availability and multiple contact options, making it the superior choice for traders who value excellent support.
Funding your account should be hassle-free, and both brokers offer multiple options.
| Funding Option | BlackBull Markets | FxPro |
|---|---|---|
| Bank Transfer | ✓ | ✓ |
| Credit Card | ✓ | ✓ |
| PayPal | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| Cryptocurrency | ✓ | ✗ |
| WebMoney | ✗ | ✓ |
| UnionPay | ✗ | ✓ |
| FasaPay | ✓ | ✗ |
| QIWI | ✗ | ✓ |
Verdict
If you’re looking for a wide range of traditional funding options, FxPro is the better choice. However, if you prefer modern methods like cryptocurrency, BlackBull Markets has you covered.
BlackBull Markets has a lower minimum deposit of $0 vs $100 from FxPro. Having said that, you might pay $50 with BlackBull Markets, depending on your region.
| Minimum Deposit | GBP | USD | EUR | AUD |
|---|---|---|---|---|
| Credit Card / Debit Card | £50 | $50 | €50 | $50 |
| Bank Wire | £0 | $0 | €0 | $0 |
| Skrill | £50 | $50 | €50 | $50 |
| Neteller | £50 | $50 | €50 | $50 |
On the other hand, FxPro has a more simplistic approach:
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Bank Wire | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Skrill | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Neteller | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
Verdict
For traders looking to start with a smaller investment, BlackBull Markets is the clear winner with its lower minimum deposit requirement.
FxPro is the winner because it offers a more diversified range of products, superior customer service, and robust educational resources. The table below summarises the key information leading to this verdict.
| Criteria | BlackBull Markets | FxPro |
|---|---|---|
| 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 beginner traders, BlackBull Markets is the better choice due to its lower minimum deposit and simpler platform options.
For experienced traders, FxPro offers a more comprehensive trading environment with a wider range of products and advanced trading platforms.
BlackBull Markets generally has lower costs. They offer a lower spread on EUR/USD, which is one of the most traded currency pairs. For more in-depth information on spreads, you can visit our Lowest Commission Brokers page.
Both BlackBull Markets and FxPro offer MetaTrader 4, but FxPro has a slight edge due to its more diverse trading environment. For more details, check out our Best MT4 Brokers.
BlackBull Markets offers a wider range of social and copy trading platforms, including ZuluTrade and Myfxbook. For more on this, visit our best copy trading platforms page.
FxPro offers spread betting, while BlackBull Markets does not. For more information, you can visit our best spread betting brokers in the UK page.
In my opinion, BlackBull Markets is superior for Australian Forex traders. They are ASIC regulated and offer a lower minimum deposit. For more, visit our Best Forex Brokers In Australia page.
I believe FxPro is the better choice for UK Forex traders. They are FCA regulated and offer a more comprehensive range of products. For more details, visit our Best Forex Brokers In UK page.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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