Blackbull Markets vs ThinkMarkets: Which One Is Best?

2. Better Trading Platform – BlackBull Markets

BlackBull Markets excels in forex trading with advanced features like cTrader, TradingView for technical analysis, and social trading via Myfxbook, ZuluTrade, and BlackBull Social, offering a more comprehensive platform compared to ThinkMarkets.

BlackBull Markets is ideal for traders seeking superior platforms, including charting and social trading tools like TradingView and DupliTrade. While both brokers score 7, ThinkMarkets gains points for mobile capabilities and built-in Metatrader 4 and 5, which support automation and copy trading without third-party tools.

ThinkMarkets may not have specialised automation or social trading tools, but they do have a hero feature in ThinkTrader, their award-winning trading platform built for mobiles. We think this platform is a good option that will appeal to digital nomads who rely on Android or iOS to trade.

Verdict

For rendering a better trading platform, BlackBull Markets takes the stage in this category.

ThinkMarkets ReviewVisit ThinkMarkets

3. Superior Accounts And Features – BlackBull Markets

BlackBull Markets and ThinkMarkets use no dealing desk execution with STP. BlackBull Markets refers to its approach as ECN, but is debatable. Most likely, they use STP, connecting traders to a pool of liquidity providers for the best price.

The key difference lies in leverage. BlackBull Markets might be unregulated in Australia or major jurisdictions, but offers 500:1 leverage to all clients. Unless clients have a professional account, alternatively, ThinkMarkets provides 30:1 leverage in Australia, the UK, and Europe.

Another key difference is BlackBull Markets’ exceptional execution speed. We value fast execution to secure spreads at the order price since slippage can be positive or negative.

Due to poor execution speed, ThinkMarkets still provides a satisfactory trading experience, especially with its fast and seamless account opening. Both brokers offer Standard and RAW accounts, however, BlackBull Markets requires a higher minimum deposit for the RAW account.

Verdict

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4. Best Trading Experience And Ease – ThinkMarkets

Trading success often depends on experience and ease of use. As a result of our research for BlackBull Markets and ThinkMarkets, we noticed crucial differences that could impact your decision.

• ThinkMarkets shines with its ThinkTrader app, which we’ve identified as the best trading app out there.
• BlackBull Markets offers impressive leverage, being one of the brokers with the highest leverage available.
• BlackBull also stands out when it comes to execution speed, being recognised for the fastest execution.
• For those keen on automation, it’s worth noting that while BlackBull Markets has commendable social trading options like Myfxbook and ZuluTrade, it doesn’t quite match up to the Capitalise.ai offerings from brokers like Pepperstone and Eightcap.

While BlackBull provides a wide range of assets and tools for traders’ convenience, ThinkMarkets, on the other hand, offers a user-friendly interface and robust app for a better seamless trading while mobile.

Verdict

ThinkMarkets takes the top spot owing this to their best trading experience and ease.

5. Stronger Trust And Regulation – ThinkMarkets

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BlackBull Markets Trust Score

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Engaging with an online broker presents two types of risks:

• Market risk.
• trustworthiness and regulatory oversight.

The first on the list is inherent to trading CFDs, stocks, or forex, which can lead to substantial gains or losses based on market movement predictions.

The second on the list is related to the broker’s trustworthiness and regulatory oversight which also can be significantly mitigated by choosing a broker licensed by a Tier 1 regulator.

Regulators like the UK’s FCA and Australia’s ASIC enforce strict rules to protect customer funds and prevent fraud. ThinkMarkets stands out with strong oversight from multiple jurisdictions, ensuring a secure and trustworthy trading environment.

In terms of trust, regulation, and risk management, BlackBull Markets falls short despite its good reputation among active traders. Unlike BlackBull Markets, which lacks Tier 1 regulation, ThinkMarkets is regulated by top-tier authorities, including ASIC (Australia) and FCA (UK). This added layer of safety makes ThinkMarkets a more secure choice, especially for traders prioritising risk management and fund security.

With these results, we have given BlackBull Markets a score of 3, compared to ThinkMarkets score of 6 out of 10 for stronger trust and regulations.

Verdict

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6. Top Product Range And CFD Markets – A Tie

In our analysis of both brokers, BlackBull Markets shines with its vast selection of Share CFDs, while ThinkMarkets offers a diverse range of Cryptocurrency pairs and ETFs, catering to the needs of crypto traders and allowing more diversified portfolios.

BlackBull Markets offers 72 forex pairs and over 26,000 CFDs, far exceeding ThinkMarkets’ 46 pairs and 3,670 CFDs. This includes more than 26,000 shares as CFDs and equities.

However, ThinkMarkets has more ETFs, indices, and offers Spread Betting for UK clients.

Verdict

BlackBull Markets ReviewVisit BlackBull Markets

7. Superior Educational Resources – ThinkMarkets

Continuous learning is essential in trading, and both BlackBull Markets and ThinkMarkets provide various educational resources to support traders at every level. Here’s a breakdown of what each broker brings to the table:

• BlackBull Markets:
  • Offers comprehensive webinars covering various trading topics.
  • Features in-depth articles and tutorials for beginners and advanced traders alike.
  • Provides a dedicated section for market analysis and insights.
• ThinkMarkets:
  • Boasts an extensive library of video tutorials catering to traders of all experience levels.
  • Provides regular market news updates and analysis.
  • Offers detailed eBooks and trading guides to deepen one’s trading knowledge.

It’s important to consider the quality, depth, and accessibility of these resources and both brokers have made efforts to educate their users. Thanks to our research, we see that ThinkMarkets has a slight edge in the variety and depth of its educational content

Verdict

ThinkMarkets comes out on top for their superior education resources.

8. Superior Customer Service – ThinkMarkets

Availability and quality of educational resources, customer service responsiveness, and funding methods are key factors that shape the overall customer experience. These features provide a valuable, straightforward, and hassle-free process.

In our comparison, ThinkMarkets stands out with one key feature: 24/7 customer support, showing a strong commitment to a positive user experience around the clock.

Both companies could improve their onboarding and educational resources by adding diverse options like in-house analysts, topical webinars, and more how-to guides for beginner traders.

During our testing, we had a few questions for customer service and were impressed by ThinkMarkets’ 24/7 support, truly embodying the phrase “money never sleeps.” We also found out that ThinkMarkets’ comprehensive set of resources were easier for us to access during our testing.

Read about Justin Grossbard, Head of Research at CompareForexBrokers, and his experiences opening accounts with various brokers, along with the data science behind how he scores each experience.

Verdict

ThinkMarkets ReviewVisit ThinkMarkets

9. Better Funding Options – ThinkMarkets

Both BlackBull Markets and ThinkMarkets offer a variety of funding options to serve their global clients, ensuring easy deposits and withdrawals. Our research reveals that while both brokers have their strengths, there are key differences in their offerings.

ThinkMarkets provides a wider range of local payment methods tailored to different countries. In contrast, BlackBull Markets focuses more on universally accepted methods, ensuring seamless transactions for clients worldwide.

And to get a clearer picture, let’s delve into a comparative table showcasing the funding options available for each broker:

Verdict

ThinkMarkets wins this distinction due to their better funding options and comprehensive range of methods.

10. Lower Minimum Deposit – A Tie

BlackBull Markets and ThinkMarkets have a similar minimum deposit requirement of $0. ThinkMarkets does provide a slightly better funding experience with its flexible payment options, as seen below.

BlackBull Markets

Verdict

BlackBull Markets and ThinkMarkets are both in a tie owing this to their lower minimum deposits.

So Is ThinkMarkets or BlackBull Markets The Best Broker?

ThinkMarkets marginal surpasses because of a majority of advantages in key areas compared to BlackBull Markets. The table below summarises the key information leading to this verdict.

ThinkMarkets: Best For Beginner Traders

ThinkMarkets is better suited for beginner traders due to its comprehensive educational resources and user-friendly platform.

BlackBull Markets: Best For Experienced Traders

BlackBull Markets is the preferred choice for experienced traders because of its advanced trading platform and features.