Pepperstone
BlackBull Markets

Regulations and Licenses

Feature
Pepperstone
BlackBull Markets
ASIC (Australia)
FCA (UK)
CYSEC (Cyprus)
FMA (New Zealand)
DFSA (Dubai)
BaFin (Germany)
CMA (Kenya)
FSA (Seychelles)
SCB (Bahamas)

Brokerage

Feature
Pepperstone
BlackBull Markets
EUR/USD Avg. Raw Spread
0.10
0.23
GBP/USD Avg. Raw Spread
0.40
0.72
AUD/USD Avg. Raw Spread
0.20
0.65
EUR/USD Standard Spread
1.10
1.20
EUR/USD Fixed Spreads
-
GBP/USD Avg. Standard Spread
1.40
1.4
AUD/USD Avg. Standard Spread
1.20
1.7
Commissions (USD Base)
$3.50
$3.00
Minimum Deposit
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
16+
4+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
BlackBull Markets
Currency Pairs
62+
64+
Cryptocurrency CFDs*
12+
11+
Index CFDs
14+
15+
Share CFDs
300+
350+
Commodities CFD
9+
21+
Stockbroking
23,000+
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max Leverage (Australia)
500:1
-
Retail Max. Leverage (United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (United Kingdom)
500:1
-
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (Europe)
500:1
-
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (UAE)
500:1
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
BlackBull Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Pepperstone
BlackBull Markets
Our Rating
980
720
 

Our full comparison covers the 10 most important trading factors. Here are five key differences between Pepperstone and BlackBull Markets:

  • Pepperstone has lower minimum spreads compared to Blackbull Markets for both account types.
  • Commission costs can be lower with BlackBull Markets, especially if your base currency is USD.
  • Pepperstone is more widely regulated, with oversight from authorities in Australia, Europe, the UK, and more.
  • Pepperstone, founded in 2010, has a longer operational history and larger online presence than BlackBull Markets, which was founded in 2014.
  • BlackBull Markets offers negative balance protection for all clients, while Pepperstone provides it only where mandated by regulators.