We found both Eightcap and Blackbull Markets have MetaTrader 4 and 5 trading platforms with Eightcap having over 100 cryptos and Blackbull having good social trading options. Find out which broker we like best.
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Our comprehensive comparison covers the 10 most crucial trading factors to help you make an informed decision.
When it comes to spreads and fees, both brokers have their pros and cons. Eightcap generally offers lower spreads across major forex pairs, making it a cost-effective choice for traders who focus on these markets.
Blackbull Markets, on the other hand, charges a lower commission of $6 per lot, which can make a significant difference for high-volume traders. They also offer a more extensive range of CFDs, which might come with different fee structures.
Verdict
Blackbull Markets takes the lead in this category due to its lower commission fees and a more extensive range of CFDs.
Both brokers offer a range of trading platforms to cater to different trading styles and preferences.
MetaTrader 4 and 5
Both Eightcap and BlackBull Markets offer MetaTrader 4 and 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 available indicators.
cTrader and TradingView
While neither broker offers cTrader or TradingView, their MetaTrader offerings should satisfy most traders’ needs.
| Criteria | Eightcap | BlackBull Markets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | Yes | No |
| Other Platforms | No | BlackBull Social BlackBull Shares BlakcBull Trade |
| VPS services | Yes | Yes |
Social And Copy Trading
Eightcap offers MetaTrader signals for social and copy trading. This feature allows traders to follow and copy the trades of successful traders directly on the MetaTrader platform.
On the other hand, BlackBull Markets offers a more extensive range of social and copy trading options. In addition to MetaTrader signals, they also offer ZuluTrade, Myfxbook, and their proprietary BlackBull Social platform. These platforms provide traders with a variety of options to follow and copy trades from successful traders.
BlackBull Markets wins this category due to its wider range of social and copy trading options, providing more flexibility for traders interested in these features.
| Criteria | Eightcap | BlackBull Markets |
|---|---|---|
| Social And Copy Trading | MetaTrader Signals | MetaTrader Signals, ZuluTrade, Myfxbook, BlackBull Social |
Automated Trading
Eightcap and BlackBull Markets Automated Trading Tools
Eightcap and BlackBull Markets both offer tools for automated trading. These tools can be used to create and implement trading strategies that are executed automatically, without the need for manual intervention.
Here is a summary of the automation tools offered by each broker:
| Broker | Trading Tools |
|---|---|
| Eightcap | Expert Advisors (EAs), Capitalise.ai (with MT4) |
| BlackBull Markets | Expert Advisors (EAs) |
In conclusion, both brokers offer solid options for automated trading. However, Eightcap takes the lead in this category due to its integration with Capitalise.ai, providing its clients with a more comprehensive set of tools for automating their trading strategies.
VPS and Other Trading Tools
Both brokers offer VPS services for traders who use automated trading strategies. They also offer various trading tools such as economic calendars, market news, and analysis.
Verdict
In terms of trading platforms, both brokers are on par with each other. However, BlackBull Markets has a slight edge due to its wider range of social trading features and additional trading tools.
Eightcap offers two types of accounts: the Standard Account and the Raw Account. The Standard Account has no commission but higher spreads, while the Raw Account has lower spreads and a commission per trade. On the other hand, BlackBull Markets offers three types of accounts: the Standard Account, the Prime Account, and the Institutional Account. The Prime and Institutional accounts are ECN accounts with lower spreads but higher minimum deposit requirements.
Verdict
BlackBull Markets wins this category due to its wider range of account types, catering to different types of traders from beginners to professionals.
| Criteria | Eightcap | BlackBull Markets |
|---|---|---|
| Account Types | Standard, Raw | Standard, Prime, Institutional |
When it comes to trading experience, both brokers have their merits. Eightcap takes the lead in automated trading due to its integration with Capitalise.ai. This gives traders like us a more comprehensive set of tools for automating trading strategies.
Blackbull Markets, on the other hand, excels in social and copy trading. They offer MetaTrader signals, ZuluTrade, Myfxbook, and their proprietary BlackBull Social platform. This gives traders more flexibility and options to follow and copy trades from successful traders.
Verdict
Blackbull Markets offers a more enriched trading experience, especially for traders looking for social and copy trading options. The additional features provide a more versatile trading environment, making it the better choice for those seeking a comprehensive trading experience.
BlackBull Markets Trust Score
Eightcap Trust Score
When it comes to trust and regulation, it’s crucial to consider various factors to determine which broker offers a more secure trading environment. Here’s how Eightcap and Blackbull Markets stack up:
| Criteria | Eightcap | Blackbull Markets |
|---|---|---|
| Regulatory Body | ASIC | FCA |
| Segregated Client Funds | Yes | Yes |
| Years in Industry | Since 2009 | Newer but reputable |
| Transparency | Good | Excellent |
| Consumer Protections | Strong | Stronger |
Eightcap is regulated by ASIC, a well-respected regulatory body in the financial industry.
| Eightcap | Blackbull Markets | |
|---|---|---|
| Tier 1 Regulation | FCA (UK) CYSEC (Cyprus) ASIC (Australia) |
FMA (New Zealand) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | SCB (Bahamas) | FSA-S (Seychelles) |
Verdict
Blackbull Markets has a slight advantage in the area of trust and regulation due to its FCA regulation. The Financial Conduct Authority is renowned for its rigorous regulatory standards and robust consumer protections. While Eightcap’s ASIC regulation is also commendable, the FCA’s reputation for stringent oversight gives Blackbull Markets an extra layer of credibility and security that is highly valued by traders.
| Feature | Eightcap | Blackbull Markets |
|---|---|---|
| Forex Pairs | Wide Range | Wide Range |
| Commodities | Available | Available |
| Indices | Available | Available |
| Stocks | Limited | Extensive |
| Cryptocurrencies | Available | Limited |
| Bonds | Not Available | Available |
| ETFs | Not Available | Available |
| Options | Not Available | Not Available |
| Futures | Not Available | Available |
| Spread Betting | Not Available | Not Available |
While both brokers offer a wide range of forex pairs and commodities, Blackbull Markets offers a more extensive range of CFDs, including stocks, bonds, and ETFs, which are not available with Eightcap.
Verdict
Blackbull Markets is the clear winner in this category, offering a more diverse range of CFDs and markets. This allows traders to diversify their portfolio more effectively, making it a more versatile option.
Eightcap offers basic educational resources, mostly aimed at beginner traders. They provide webinars, articles, and an FAQ section to get you started.
Eightcap offers basic educational resources aimed mostly at beginner traders. In contrast, Blackbull Markets provides a more comprehensive educational suite, including advanced webinars, eBooks, and in-depth market analysis.
Verdict
Blackbull Markets offers superior educational resources, catering to both beginner and experienced traders. The depth and breadth of their educational content make them the go-to broker for traders looking to expand their knowledge.
Eightcap offers decent customer service, but it’s not 24/7. They’re available during trading hours, which could be a limitation for some traders. Blackbull Markets, however, provides 24/7 customer support, giving them the upper hand.
| Feature | Eightcap | Blackbull Markets |
|---|---|---|
| 24/7 Support | No | Yes |
| Live Chat | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| FAQ Section | Yes | Yes |
| Language Support | Limited | Multiple |
Eightcap offers decent customer service but falls short of Blackbull Markets, which provides 24/7 customer support and multiple language options.
Verdict
Blackbull Markets takes the lead in customer service by offering 24/7 support and multiple languages. This makes it a more accessible and user-friendly option, particularly for traders who may need assistance outside of standard trading hours.
Both brokers offer a variety of funding options, but Blackbull Markets takes the lead with more choices. They offer more e-wallet options, making it easier for traders to fund their accounts.
| Funding Option | Eightcap | Blackbull Markets |
|---|---|---|
| Bank Transfer | ✓ | ✓ |
| Credit Card | ✓ | ✓ |
| PayPal | ✗ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| Bitcoin | ✗ | ✓ |
| Ethereum | ✗ | ✓ |
| Litecoin | ✗ | ✓ |
| Other E-Wallets | ✗ | ✓ |
| No Fees | ✓ | ✓ |
Both brokers offer multiple funding options, but Blackbull Markets provides a wider variety, including more e-wallet options and cryptocurrencies.
Verdict
Blackbull Markets wins in this category due to its broader range of funding options, making it easier for traders to deposit and withdraw funds in a manner that suits them best.
BlackBull Markets has a lower minimum deposit of $0 than Eightcap, which requires traders $100. Each broker has different payment channels for funding as well as availability of base currencies.
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 |
Eightcap
| Minimum Deposit | GBP | USD | EUR | AUD |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 | $100 | €100 | $100 |
| Bank Wire | £100 | $100 | €100 | $100 |
| Skrill | N/A | $100 | €100 | N/A |
| Neteller | N/A | $100 | €100 | N/A |
Verdict
BlackBull Markets win by a mile with their $0 deposit requirement.
Blackbull Markets is the winner because they offer a more comprehensive range of services, from lower fees to better educational resources. The table below summarises the key information leading to this verdict.
| Criteria | Eightcap | Blackbull Markets |
|---|---|---|
| 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 | ✗ | ✓ |
BlackBull Markets is better suited for beginner traders due to its lower minimum deposit.
Blackbull Markets is the go-to broker for experienced traders, offering a wide range of advanced features.
Blackbull Markets generally offers lower costs. They charge a lower commission of $6 per lot, compared to Eightcap’s $7. For more details on low-cost brokers, check out our lowest spread forex brokers in the UK.
Both Eightcap and Blackbull Markets offer MetaTrader 4. However, Blackbull Markets has additional social trading features. For more on MT4 brokers, visit our Best MT4 Brokers.
Blackbull Markets excels in social and copy trading options. They offer platforms like ZuluTrade and Myfxbook. For more on social trading, check out the best social trading platforms.
Neither Eightcap nor Blackbull Markets offer spread betting. For more on spread betting, you can visit best spread betting brokers in the UK.
In my opinion, Eightcap is superior for Australian traders. They are ASIC regulated and founded in Australia. For more information, visit the Best Forex Brokers In Australia page.
I believe Blackbull Markets is superior for UK traders. They are FCA regulated and offer a wide range of services tailored for the UK market. For more details, check out Best Forex Brokers In UK.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
Ask an Expert
Is Eightcap a market maker?
No, Eightcap has no dealing desk so do not make the market.
Who are BlackBull Markets liquidity providers?
The Liquidity providers for BlackBull Markets are ABN-AMRO, ANZ, Bank of America, Barclays, BNP Paribas, Citibank, CommerzBank, Credit Suisse, Deutsche Bank, HSBC, JPMorgan, Chase Standard Chartered, RBS and UBS.