Compare BlackBull Markets vs ForexMart
What is BlackBull Markets? What is ForexMart?
BlackBull Markets is an award-winning New Zealand broker that offers forex, shares, CFDs and commodities trading. It was founded in 2014 with the goal of becoming the leading online financial technology and foreign exchange broker. It provides access to over 26,000 tradable instruments, with no minimum deposit, low spreads, high leverage and various platforms and tools.
ForexMart is a Cyprus-based broker that offers forex and CFD trading. It was established in 2015 and is regulated by the Cyprus Securities and Exchange Commission (CySEC). It provides access to over 100 tradable instruments, with a minimum deposit of $1, low spreads, high leverage and the MetaTrader 4 platform.
BlackBull Markets vs ForexMart Regulation Comparison
BlackBull Markets is regulated by the Financial Services Provider Register (FSPR) and the Financial Services Complaints Limited (FSCL) in New Zealand. It also holds a derivatives issuer license from the Financial Markets Authority (FMA) in New Zealand.
ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is a member of the Investor Compensation Fund (ICF). It also complies with the Markets in Financial Instruments Directive (MiFID) in the European Union.
BlackBull Markets vs ForexMart Trading Assets Comparison
BlackBull Markets offers a wide range of trading assets, including forex, shares, CFDs and commodities. It has over 60 currency pairs, over 25,000 global shares, over 100 indices, metals, energies and cryptocurrencies.
ForexMart offers a limited range of trading assets, including forex and CFDs. It has over 40 currency pairs, 4 metals, 2 energies and 2 cryptocurrencies.
BlackBull Markets vs ForexMart Trading Fees Comparison
BlackBull Markets charges variable spreads and commissions depending on the account type. It has three account types: ECN Standard, ECN Prime and ECN Institutional. The ECN Standard account has no commission but higher spreads, starting from 0.8 pips. The ECN Prime account has lower spreads, starting from 0.1 pips, but charges a commission of $6 per lot round turn. The ECN Institutional account has the lowest spreads, starting from 0 pips, but charges a commission of $4 per lot round turn.
ForexMart charges variable spreads and no commissions on all account types. It has two account types: Classic and Pro. The Classic account has higher spreads, starting from 1 pip. The Pro account has lower spreads, starting from 0.6 pips.
BlackBull Markets vs ForexMart Account Types Comparison
BlackBull Markets has three account types: ECN Standard, ECN Prime and ECN Institutional. All account types have a minimum lot size of 0.01 and a maximum leverage of 1:500. The minimum deposit for the ECN Standard account is $0, for the ECN Prime account is $2,000 and for the ECN Institutional account is $20,000.
ForexMart has two account types: Classic and Pro. Both account types have a minimum lot size of 0.01 and a maximum leverage of 1:1000. The minimum deposit for both account types is $1.
BlackBull Markets vs ForexMart Deposit Options Comparison
BlackBull Markets offers multiple deposit and withdrawal options, including bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, UnionPay and Bitcoin. It does not charge any fees for deposits or withdrawals, but some third-party fees may apply.
ForexMart offers fewer deposit and withdrawal options, including bank wire transfer, credit/debit card, Skrill, Neteller and PayCo. It does not charge any fees for deposits or withdrawals, but some third-party fees may apply.
BlackBull Markets vs ForexMart Trading Platforms Comparison
BlackBull Markets offers various trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader and TradingView. It also provides access to VPS services, API trading and FIX API.
ForexMart offers only one trading platform: MetaTrader 4. It does not provide access to VPS services or API trading.
BlackBull Markets vs ForexMart Analytical Tools Comparison
BlackBull Markets offers various analytical tools, including Autochartist, market news, economic calendar, trading conditions and contract specifications.
ForexMart offers fewer analytical tools, including market news, economic calendar and trading conditions.
BlackBull Markets vs ForexMart. Which forex broker is better? Which forex broker should you choose?
Which forex broker is better or which one you should choose depends on your personal preferences, trading goals and risk appetite. However, you can see that BlackBull Markets and ForexMart have some advantages and disadvantages over each other. Here are some possible factors you may want to consider:
- If you are looking for a wider range of trading assets, especially shares and indices, you may prefer BlackBull Markets over ForexMart.
- If you are looking for lower spreads and commissions, you may prefer ForexMart over BlackBull Markets, especially if you choose the Pro account.
- If you are looking for more trading platforms and tools, such as MetaTrader 5, WebTrader, TradingView, VPS and API trading, you may prefer BlackBull Markets over ForexMart.
- If you are looking for higher leverage, you may prefer ForexMart over BlackBull Markets, as it offers up to 1:1000 leverage on both account types.
- If you are looking for more deposit and withdrawal options, especially cryptocurrencies, you may prefer BlackBull Markets over ForexMart.
- If you are looking for more regulation and security, you may prefer ForexMart over BlackBull Markets, as it is regulated by CySEC and is a member of the ICF.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You may want to do more research, read reviews and try out demo accounts before making a final decision.
