This Markets.com vs BlackBull Markets forex broker review compares the two brokers on key features like trading platforms, spreads and commissions. Markets.com have a better no-commission account, BlackBull has superior STP trading.
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BlackBull Markets and Markets.com are two prominent forex brokers in the trading industry. While both offer a range of trading instruments and platforms, they differ significantly in their fee structures, trading environments, and customer service levels. BlackBull Markets, for instance, is known for its competitive spreads and commissions, while Markets.com is renowned for its comprehensive educational resources and advanced trading tools.
Trading costs can significantly impact your profitability as a trader. They include spreads, commissions, deposit & withdrawal fees, and other fees.
When we look at the average standard account spreads for the forex pairs, we see some interesting patterns. Blackbull Markets and Markets.com, two of the forex brokers we’re comparing, have their own unique spread patterns across the different forex pairs.
Blackbull Markets tends to have slightly lower spreads than Markets.com. For example, the EUR/USD pair has a spread of 1.2 for Blackbull Markets, compared to 1.6 for Markets.com. This pattern is consistent across most of the forex pairs, suggesting that Blackbull Markets might be the cheaper option for traders who prioritize low spreads.
| Forex Pair | Blackbull Markets | Markets.com | Industry Average |
|---|---|---|---|
| EUR/USD | 1.2 | 1.6 | 1.18 |
| USD/JPY | 1.3 | 1.9 | 1.37 |
| GBP/USD | 1.4 | 1.6 | 1.51 |
| AUD/USD | 1.7 | 1.9 | 1.41 |
| USD/CAD | 1.5 | 1.9 | 1.70 |
| EUR/GBP | 1.5 | 1.9 | 1.56 |
| EUR/JPY | 1.9 | 1.9 | 1.85 |
| AUD/JPY | 2.1 | 2.4 | 2.09 |
Standard Account Analysis Updated September 2023[1]September 2023 Published And Tested Data
However, when we compare these two brokers to the industry average, we see a different story. The industry average spread for the EUR/USD pair is 1.18, which is slightly lower than both Blackbull Markets and Markets.com. This suggests that while Blackbull Markets might be cheaper than Markets.com, there might be other brokers in the industry that offer even lower spreads.
In conclusion, while Blackbull Markets seems to be the cheaper option between the two, it’s always important to consider the industry average as well. After all, the goal is to find the best value for your trades, and that might mean looking beyond just these two brokers.
BlackBull Markets charges a commission of $6 per round lot, which is average among other forex brokers. It is important to note that their ECN Prime account offers other benefits such as lower spreads and faster execution speeds. Markets.com, on the other hand, operates on a commission-free model, making its money through spreads.
Neither BlackBull Markets nor Markets.com charge any fees for deposits or withdrawals. This is a significant advantage for traders, as it allows them to manage their funds without worrying about additional costs.
Both brokers have a transparent fee structure with no hidden charges. However, it’s important to note that inactivity fees may apply if your account remains dormant for a certain period.
Verdict: When it comes to trading costs, Markets.com has a slight edge due to its commission-free model. However, BlackBull Markets offers competitive spreads, which can offset the higher commission costs, especially for high-volume traders.
| Criteria | BlackBull Markets | Markets.com |
|---|---|---|
| Commission Accounts | ECN Prime, ECN Institutional | No RAW Account |
| Spreads (EUR/USD avg) | 0.96 pips | – |
| Commission (per lot, round-turn) | USD $6.00 | – |
| Standard Accounts | ECN Standard Account | Standard Account |
| Spread From | 1.0 | 0.6 pips |
| Deposit & Withdrawal Fees | None | None |
| Inactivity Fee | No inactivity fee | $10 a month after 90 days |
A good trading environment is crucial for successful trading. It includes factors like execution speeds, slippage, and the availability of trading tools.
BlackBull Markets offers a superior trading environment with its ECN Prime account. This account type provides faster execution speeds and lower slippage, making it ideal for scalpers and high-frequency traders. Additionally, BlackBull Markets offers a range of trading tools, including VPS services, to enhance your trading experience.
Markets.com also provides a robust trading environment with a wide range of trading tools. However, it does not offer ECN trading, which may result in slower execution speeds and higher slippage compared to BlackBull Markets.
Verdict: BlackBull Markets wins this round due to its superior ECN trading environment and faster execution speeds.
| Criteria | BlackBull Markets | Markets.com |
|---|---|---|
| Execution Speeds | Faster with ECN Prime account | Slower due to lack of ECN trading |
| Slippage | Lower with ECN Prime account | Higher due to lack of ECN trading |
| Trading Tools | Wide range including VPS services | Wide range but no VPS services |
Trading platforms are crucial as they provide the interface for traders to interact with the markets.
4 and 5, which are popular for their advanced charting tools and automated trading capabilities. However, BlackBull Markets also offers MetaTrader 5, which is more powerful and faster than MetaTrader 4.
While BlackBull Markets does not offer cTrader or TradingView, Markets.com provides access to TradingView charts within its platform. This allows traders to utilise a wide range of technical analysis tools and indicators.
| Criteria | BlackBull Markets | Markets.com |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | No | No |
| Other Platforms | BlackBull Social BlackBull Shares BlakcBull Trade |
Markets.com Trading App |
| VPS services | Yes | Yes |
Markets.com stands out in this category with its innovative platform that integrates social trading features, allowing traders to follow and copy the trades of successful traders. They offer MetaTrader Signals, a service that allows traders to copy the trades of experienced traders directly in the MetaTrader platform.
BlackBull Markets, while not offering an in-house social trading platform, does provide its clients with several options for social and copy trading. They offer MetaTrader Signals, ZuluTrade, Myfxbook, and BlackBull Social. These platforms allow traders to follow and copy the trades of successful traders, providing opportunities for traders who may not have the time or expertise to trade on their own.
| Broker | Social and Copy Trading Platforms |
|---|---|
| BlackBull Markets | MetaTrader Signals, ZuluTrade, Myfxbook, BlackBull Social |
| Markets.com | MetaTrader Signals |
BlackBull Markets supports automated trading through the use of Expert Advisors (EAs) on the MetaTrader 4 and MetaTrader 5 platforms. EAs are programs that enable traders to automate their trading strategies. They can be customised to fit any trading strategy, whether it’s for scalping, day trading, or long-term investing. This makes BlackBull Markets a suitable choice for traders who prefer to automate their trading.
Markets.com also supports the use of Expert Advisors (EAs) for automated trading on the MetaTrader platform. This allows traders to implement their trading strategies without the need to manually enter trades. Markets.com also provides a range of other trading tools that can complement automated trading, such as advanced charting tools and a range of technical indicators.
Here’s the information in a table format:
| Broker | Automated Trading Tools |
|---|---|
| BlackBull Markets | Expert Advisors (EAs) |
| Markets.com | Expert Advisors (EAs) |
BlackBull Markets offers VPS services, which can significantly enhance the trading experience, especially for automated traders. Markets.com does not offer VPS services but provides a range of other trading tools, including advanced charting and analysis tools.
Verdict: Markets.com wins this round due to its comprehensive range of trading platforms and innovative social trading feature. However, BlackBull Markets also offers a solid range of platforms, including MetaTrader 5 and VPS services.
BlackBull Markets offers three account types: Standard, Prime, and Institutional. The Standard account is ideal for beginners, while the Prime account is designed for experienced traders. The Institutional account, as the name suggests, is tailored for institutional traders and offers the most competitive conditions.
Markets.com, on the other hand, offers two account types: Standard and Premium. The Standard account is suitable for most traders, while the Premium account offers additional benefits such as lower spreads and a dedicated account manager.
Verdict: BlackBull Markets wins this round due to its wider range of account types, catering to a broader spectrum of traders.
| Criteria | BlackBull Markets | Markets.com |
|---|---|---|
| Account Types | Standard, Prime, Institutional | Standard, Premium |
BlackBull Markets is regulated by the New Zealand Financial Markets Authority (FMA) and the Seychelles Financial Services Authority (FSA-S). Markets.com is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, the Financial Services Commission in the British Virgin Islands (FSC-BVI), and the Financial Sector Conduct Authority in South Africa (FSCA).
Verdict: Both brokers are well-regulated, but Markets.com’s regulation by multiple highly respected regulatory bodies, including the FCA and CySEC, gives it a slight edge in terms of trust and regulation.
| Criteria | BlackBull Markets | Markets.com |
|---|---|---|
| Regulation | FMA, FSA-S | CySEC, FCA, FSC-BVI, FSCA |
Both brokers offer excellent customer service, including live chat, email, and phone support. However, in our experience, BlackBull Markets’ customer service team was more responsive and knowledgeable.
Verdict: BlackBull Markets wins this round due to its superior customer service levels.
| Criteria | BlackBull Markets | Markets.com |
|---|---|---|
| Customer Service | Excellent | Good |
When considering other trading factors, it’s important to consider aspects such as minimum deposit levels, payment methods, and other relevant factors.
BlackBull Markets has a minimum deposit requirement of $0 for its Standard account, which is perfect for traders of all experience levels. On the other hand, Markets.com requires a minimum deposit of $100, making it more accessible for beginners or those with a smaller trading budget.
Both brokers offer a variety of payment methods, including credit card, bank transfer, and popular e-wallets. This provides traders with flexibility when it comes to funding their trading accounts.
BlackBull Markets offers a PAMM account option, which allows money managers to manage multiple accounts from a single platform. Markets.com, on the other hand, offers a comprehensive range of educational resources, including trading guides and webinars, which can be particularly beneficial for beginner traders.
Verdict: Markets.com wins this round due to its lower minimum deposit requirement and comprehensive educational resources. However, BlackBull Markets also offers a solid range of features, including a PAMM account option.
| Criteria | BlackBull Markets | Markets.com |
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Payment Methods | Credit card, bank transfer, e-wallets | Credit card, bank transfer, e-wallets |
| Other Factors | PAMM account option | Comprehensive educational resources |
| Trading Instruments | ||
| Forex CFD | 72 | 28 |
| Shares CFD | 26000+ | 1837 |
| Cryptos CFD | 13 | 24 |
| Commodities CFD | 9 Metals 5 Energies 8 Softs |
4 Metals (4 metals futures) 5 Energies (2 Energy futures) 7 Softs |
| Indices CFD | 10 | 16 |
| Bonds/Treasuries CFD | No | 2 |
| Spread Betting (UK only) | No | Yes |
| Other Products | No | No |
| Shares (underlying) | Yes | No |
Best For Beginner Traders: Markets.com is our top pick for beginner traders. Its lower minimum deposit requirement, comprehensive educational resources, and innovative social trading feature make it an excellent choice for those new to trading.
Best For Experienced Traders: BlackBull Markets is our top pick for experienced traders. Its competitive spreads, ECN trading environment, and range of account types cater to the needs of more advanced traders.
In conclusion, both BlackBull Markets and Markets.com are excellent forex brokers, each with their own strengths. Your choice between the two will depend on your individual trading needs and preferences.
It depends on your individual trading needs. BlackBull Markets offers competitive spreads and an ECN trading environment, making it ideal for experienced traders. Markets.com, on the other hand, offers a lower minimum deposit and social trading features, making it suitable for beginners.
Markets.com operates on a commission-free model, making its trading costs lower. However, BlackBull Markets offers competitive spreads, which can offset the higher commission costs for high-volume traders.
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
