This overview for BlackBull Markets vs Plus500 will give you insights on how BlackBull Markets feature their STP trading with MT4 and MT5, while Plus500’s no commission trading, feature their own guaranteed stop loss trading platform. Find out which broker we like best.
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Our full comparison covers the 10 most important trading factors. Here are noticeable differences between BlackBull Markets and Plus500:
BlackBull Markets tends to have lower spreads across most forex pairs. For instance, the EUR/USD spread is 1.1 for BlackBull Markets, compared to 1.2 for Plus500. This trend continues across other pairs, such as GBP/USD and USD/CAD. This suggests that BlackBull Markets might offer more competitive pricing for these pairs.
| Standard Account | BlackBull Markets Spreads | Plus500 Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.5 | 1.75 | 1.6 |
| EUR/USD | 1.1 | 1.2 | 1.2 |
| USD/JPY | 1.4 | 2 | 1.4 |
| GBP/USD | 1.4 | 1.7 | 1.6 |
| AUD/USD | 1.2 | 1.1 | 1.5 |
| USD/CAD | 1.4 | 2 | 1.8 |
| EUR/GBP | 1.7 | 1.5 | 1.5 |
| EUR/JPY | 1.8 | 2.5 | 1.9 |
| AUD/JPY | 2.0 | 2.0 | 2.1 |
Standard Account Analysis Updated January 2025[1]January 2025 Published And Tested Data
However, Plus500 has a lower spread for the AUD/USD pair, which is 1.1 compared to BlackBull Market’s 1.2. This indicates that for traders who frequently trade this pair, Plus500 might be a more cost-effective choice.
When we compare these brokers to the industry average, we see that both brokers have spreads that are in line with or better than the average. This suggests that both brokers offer competitive pricing. However, the specific choice of broker might depend on the specific forex pairs that a trader is interested in.
In conclusion, while both brokers offer competitive spreads, BlackBull Markets generally offers lower spreads across most forex pairs. However, for traders who frequently trade the AUD/USD pair, Plus500 might be a more cost-effective choice. As always, it’s important for traders to consider their specific trading needs and preferences when choosing a broker.
To see how lower spreads impact trading costs, use the fee calculator below. Select your base currency, trading size, and currency pair to view the fee. Since forex traders typically trade higher volumes than stock investors, keeping fees low is essential.
Commissions
BlackBull Markets charges a commission of $3.00 per round lot traded on its ECN Prime and Institutional accounts. Plus500 operates on a spread-only model and does not charge any commissions. So, BlackBull Markets offers lower spreads and commissions regarding to trading costs, making it the more cost-effective choice for active traders.
Deposit & Withdrawal Fees
Neither BlackBull Markets nor Plus500 charges any fees for deposits or withdrawals. Still, your bank or payment provider may charge a fee regardless of these no charge fees.
Other Fees
Plus500 charges an inactivity fee if you do not log into your trading account for three months. BlackBull Markets does not charge an inactivity fee.
Verdict
BlackBull Markets outshines in this category due to lowest spreads and fees.
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While BlackBull Markets provide a variety of trading platforms, Plus500, on the other hand, only offers their own proprietary platform.
| Trading Platform | BlackBull Markets | Plus500 |
|---|---|---|
| MetaTrader 4 | Yes | No |
| MetaTrader 5 | Yes | No |
| cTrader | Yes | No |
| TradingView | Yes | No |
| Copy Trading | Yes | No |
| Proprietary Platform | Yes | Yes |
1. MetaTrader 4 and 5
Both MetaTrader 4 and MetaTrader 5, known for their advanced charting tools and automated trading capabilities, as well as being the most popular forex trading platform, is offered by BlackBull Markets, while Plus500 offer their in-house technology forex web trader tool.
2. cTrader and TradingView
While Plus500 does not offer cTrader or TradingView platforms, BlackBull Markets, by contrast, do have these features.
3. Social And Copy Trading
Plus500 might have their own proprietary platform, but does not offer social or copy trading features. On the flip side, BlackBull Markets’ social trading feature is compatible with a variety of third-party trading platforms due to their use of MetaTrader despite them not having an in app social trading feature.
BlackBull Markets offers a range of platforms, including MetaTrader Signals, ZuluTrade, MyFxBook, and BlackBull Social. As of late, Plus500 does not offer any social or copy trading platforms.
BlackBull Markets supports the use of Expert Advisors (EAs), which are programs that enable automated trading on the MetaTrader platform. Despite it having a a guaranteed stop loss, Plus500 is currently not offering any automated trading tools.
5. VPS and Other Trading Tools
While Plus500 do not offer any VPS services, BlackBull Markets, on the other hand, offers free VPS services to clients who meet certain trading volume requirements. This is beneficial for traders using automated trading strategies.
It is clear that BlackBull Markets’ offering such as MetaTrader 4 and 5, as well as their social trading platforms, and comes with a free VPS services for qualifying traders, they surely outshine in this category.
Verdict
BlackBull Markets is the best choice due to their better trading platform.
BlackBull Markets offers three account types:
These listed, cater to different types of traders, from beginners to professionals. Meanwhile, Plus500 offers a simpler account structure with a single live trading account and a demo account.
| Blackbull Markets | Plus500 | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | No |
| Swap Free Account | Yes | No |
| Active Traders | Yes | No |
| Spread Betting (UK) | No | Yes |
Verdict
BlackBull Markets takes the lead with their superior accounts and features.
Regarding execution speeds, we found out that BlackBull Markets offers superior Execution Speeds, this is essentially important for traders in choosing the right forex broker, which gives them a quick order execution.
While Plus500 offers a user-friendly trading environment with its proprietary forex trading platform; suitable and a better choice for beginner traders.
Verdict
BlackBull Markets’ best trading experience and ease is clearly the winner in this category.
Plus500 Trust Score
BlackBull Markets Trust Score
Both BlackBull Markets and Plus500 are both highly regulated.
While BlackBull Markets has a high reviews of 94, it is also regulated by the Financial Markets Authority (FMA) in New Zealand and the Financial Services Authority (FSA-S) in Seychelles. BlackBull Markets definitely offer a strong regulatory oversight with both FMA and FSA-S regulations.
Plus500, on the other hand, is regulated by several top-tier regulators including the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Markets Authority (FMA) in New Zealand, the Monetary Authority Singapore (MAS) in Singapore, the Seychelles Financial Services Authority (FSA-S) in Seychelles, and The Financial Sector Conduct Authority (FSCA) in South Africa, with reviews of 80.
| BlackBull Markets | Plus500 | |
|---|---|---|
| Tier 1 Regulation | FMA (New Zealand) | ASIC (Australia) FCA (UK) CYSEC (Cyprus) FMA (New Zealand) MAS (Singapore) |
| Tier 2 Regulation | DFSA (Dubai) EFSRA |
|
| Tier 3 Regulation | FSA-S (Seychelles) | FSA-S (Seychelles) FSCA (South Africa) |
Verdict
Due to better trust and regulation, Plus500 truly takes the lead.
BlackBull Markets and Plus500 come with diverse features regarding range of products and CFD markets. Plus500 offers a broader selection, though, compared to BlackBull Markets based on the availability in comprehensive range of CFDs and markets. Footnote: Traders should consider other factors like trading conditions, fees, and platform features before making a decision.
Here’s a list of comparative table based on the data from our testing and the information provided on the respective broker’s website:
| CFDs | BlackBull Markets | Plus500 |
|---|---|---|
| Forex Pairs | 72 | 65 |
| Indices | 10 | 65 |
| Commodities | 9 Metals 5 Energies 8 Softs | 5 Metals 7 Energies 10 Softs |
| Cryptocurrencies | 9 | 18 |
| Shares | 26000+ | 11,000+ |
| ETFs | 7 | 97 |
| Bonds/Treasuries | No | - |
| Other Products(Options,Futures) | No | No |
Verdict
Plus500 takes home the gold with their top product range and CFD markets.
Giving utmost importance to educating traders in forex and CFD trading, beginner or professional, through educational resources is highly regarded by both BlackBull Markets and Plus500.
Here are lists of comparison of the educational resources each broker offers based on our testing and the information provided on the respective broker’s website:
Based on these findings, Plus500 outperforms BlackBull Markets regarding the breadth and depth of educational resources offered.
Verdict
Plus500 narrowly surpasses owing to their superior educational resources.
BlackBull Markets and Plus500 offer 24/5 customer support via live chat, email, and phone. However, the latter stands out with its comprehensive FAQ section and user-friendly platform that makes it easier for traders to find the information they need.
Verdict
Plus500 takes the lead on account of their superior customer services.
Both BlackBull Markets and Plus500 offer a variety of payment methods, which includes credit/debit cards, bank transfers, and e-wallets. The aforementioned has a minimum deposit of $0 in contrast to Plus500’s $100. Lower minimum deposit for BlackBull Markets is good news for beginner traders to explore forex trading without taking any financial risks, and is ideal for testing broker’s platform.
Leverage
BlackBull Markets offers leverage up to 1:500, while Plus500 offers leverage up to 1:30 for retail clients and up to 1:300 for professional clients.
Verdict
Plus500 marginally comes ahead due to their better funding options.
BlackBull Markets has a lower minimum deposit of $0 vs $100 from Plus500 which means the aforementioned is a good platform for beginner traders in exploring the field of forex trading without the financial risk. However, while the $0 minimum deposit for its ECN Standard account is quite tempting, it would still require a higher deposit for its more advanced accounts.
BlackBull Markets
| 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 |
Plus500
Meanwhile, Plus500 maintains a consistent minimum deposit requirement across its platform.
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Paypal | £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 |
Verdict
BlackBull Markets has set its sight on the prise for securing a lower minimum deposit requirement.
BlackBull Markets has definitely reached its highest goal owing to its balanced combination of low spreads, advanced trading platforms, and a range of account types suitable for both beginners and experienced traders. The table below summarises the key information leading to this verdict:
| Criteria | BlackBull Markets | Plus500 |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platform | Yes | No |
| Superior Accounts And Features | Yes | No |
| Best Trading Experience And Ease | Yes | No |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | No | Yes |
| Superior Customer Service | No | Yes |
| Better Funding Options | No | Yes |
| Lower Minimum Deposit | Yes | No |
For those just starting out in the world of trading, Plus500 offers a more user-friendly platform and a range of educational resources to help beginners get started.
For traders with more experience and looking for advanced tools and features, BlackBull Markets stands out as the preferred choice.
BlackBull Markets generally offers lower costs compared to Plus500. While both brokers have competitive spreads, BlackBull Markets provides more cost-effective options for traders, especially on their ECN accounts. For a detailed comparison of broker costs, you can refer to our guide on low commissions.
Both Plus500 and BlackBull Markets support MetaTrader 4, but BlackBull Markets provides a more enhanced experience with additional tools and features. Traders who prefer the MT4 platform will find BlackBull Markets to be a more suitable choice. For more insights on the best MT4 brokers, check out our comprehensive list of top MT4 brokers.
BlackBull Markets offers social trading options, allowing traders to follow and copy the strategies of experienced traders. Plus500, on the other hand, does not have a dedicated social trading platform. Social or copy trading can be a great way for beginners to learn from seasoned professionals. For those interested in exploring more about social trading platforms, our guide on the best social trading platforms provides valuable insights.
Plus500 offers spread betting, allowing UK traders to take advantage of tax benefits associated with this form of trading. BlackBull Markets, on the other hand, does not provide spread betting services. Spread betting can be a lucrative option for traders, especially in the UK where it’s tax-free. For a comprehensive list of the best spread betting brokers, you can check our guide on the best spread betting brokers in the UK.
In my opinion, BlackBull Markets stands out as the superior choice for Australian forex traders. Being founded in New Zealand and regulated by ASIC, they offer a sense of trust and reliability. Plus500, although a global player, is based overseas. For Australian traders, it’s essential to choose a broker that understands the local market nuances. If you’re an Australian trader looking for more options, our guide on the Best Forex Brokers In Australia provides a detailed comparison.
For UK traders, I believe Plus500 has the edge. They are FCA regulated and have a strong presence in the UK market, ensuring compliance with local regulations and offering a sense of security to traders. BlackBull Markets, while offering competitive services, is not based in the UK. UK traders should always prioritize brokers that are familiar with the local trading environment and regulations. For more insights on the best brokers in the UK, you can refer to our comprehensive list of the best forex brokers in UK.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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