Compare BlackBull Markets vs FXOpen
What is BlackBull Markets? What is FXOpen?
BlackBull Markets is a New Zealand-based broker that was founded in 2014 and offers over 26,000 tradable instruments, including forex, shares, commodities, precious metals, energy and crypto CFDs. It claims to provide award-winning execution speeds, low spreads, no commissions on standard accounts, and access to interbank liquidity pool. It supports MT4, MT5 and TradingView platforms.
FXOpen is a UK-based broker that was founded in 2005 and offers over 50 forex pairs, 25+ crypto CFDs, shares CFDs, index CFDs, spot metals CFDs and commodity CFDs. It claims to provide true ECN trading conditions, fast and error-free order execution, and the industry’s most advanced and innovative technological solutions. It supports MT4, MT5 and TickTrader platforms.
BlackBull Markets vs FXOpen 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 has a registered office in Malaysia that is regulated by the Labuan Financial Services Authority (LFSA).
FXOpen is regulated by the Financial Conduct Authority (FCA) in the UK. It also has subsidiaries in Australia (regulated by ASIC), Saint Kitts and Nevis (regulated by FSA), and Mauritius (regulated by FSC).
BlackBull Markets vs FXOpen Trading Assets Comparison
BlackBull Markets offers more than 26,000 tradable instruments across various asset classes, such as forex, shares, commodities, precious metals, energy and crypto CFDs. It has a wide range of currency pairs (major, minor and exotic), as well as CFDs on global stocks (such as Apple, Amazon, Tesla), indices (such as S&P 500, NASDAQ 100, DAX 30), metals (such as gold, silver, platinum), commodities (such as oil, gas, wheat) and cryptocurrencies (such as Bitcoin, Ethereum, Litecoin).
FXOpen offers more than 50 forex pairs (major, minor and exotic), 25+ crypto CFDs (such as Bitcoin, Ethereum, Litecoin), shares CFDs on US and UK stocks (such as Apple, Amazon, Tesla), index CFDs on global markets (such as S&P 500, NASDAQ 100, DAX 30), spot metals CFDs (such as gold, silver) and commodity CFDs (such as oil, gas).
BlackBull Markets vs FXOpen Trading Fees Comparison
BlackBull Markets has three types of accounts: ECN Standard, ECN Prime and ECN Institutional. The ECN Standard account has no commission but higher spreads from 0.8 pips; the ECN Prime account has lower spreads from 0.1 pips but commissions from $6 per lot; the ECN Institutional account has the lowest spreads from 0 pips but commissions from $4 per lot. The minimum deposit for each account is $0, $2,000 and $20,000 respectively.
FXOpen has four types of accounts: ECN, STP, Crypto and Micro. The ECN account has raw spreads from 0 pips but commissions from $15 per lot; the STP account has no commission but floating spreads; the Crypto account has floating spreads and commissions of 0.5% of trade volume round turn; the Micro account has floating spreads and no commission but limited leverage and balance. The minimum deposit for each account is $100, $10, $10 and $1 respectively.
BlackBull Markets vs FXOpen Account Types Comparison
| Account Type | BlackBull Markets | FXOpen |
|---|---|---|
| ECN | Yes | Yes |
| STP | No | Yes |
| Crypto | No | Yes |
| Micro | No | Yes |
| Islamic | Yes | Yes |
| Institutional | Yes | No |
BlackBull Markets vs FXOpen Deposit Options Comparison
BlackBull Markets accepts various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, UnionPay, SticPay and Bitcoin. It does not charge any fees for deposits or withdrawals, but third-party fees may apply. The processing time for deposits is instant or up to 24 hours, while the processing time for withdrawals is up to 48 hours.
FXOpen accepts various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex Money and Bitcoin. It charges fees for some deposit and withdrawal methods, which vary depending on the currency and amount. The processing time for deposits is instant or up to 24 hours, while the processing time for withdrawals is up to 48 hours.
BlackBull Markets vs FXOpen Trading Platforms Comparison
BlackBull Markets supports MT4, MT5 and TradingView platforms. MT4 and MT5 are popular and user-friendly platforms that offer advanced charting tools, indicators, expert advisors and automated trading options. TradingView is a web-based platform that offers beautiful charts, social trading features and access to multiple markets.
FXOpen supports MT4, MT5 and TickTrader platforms. MT4 and MT5 are similar to BlackBull Markets’ platforms, while TickTrader is a proprietary platform that offers a customizable interface, advanced analytics, risk management tools and access to multiple markets.
BlackBull Markets vs FXOpen Analytical Tools Comparison
BlackBull Markets provides various analytical tools to its clients, such as market news, economic calendar, trading signals, technical analysis, etc. It also offers a personal account manager and 24/7 dedicated support to assist traders with any issues or queries.
FXOpen provides various analytical tools to its clients, such as market news, economic calendar, trading signals, technical analysis and educational resources. It also offers a personal account manager and 24/5 customer support to assist traders with any issues or queries.
BlackBull Markets vs FXOpen. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, risk appetite and goals. Both BlackBull Markets and FXOpen have their own advantages and disadvantages. You may want to consider the following factors when choosing a forex broker:
- Regulation and reputation: You may want to choose a broker that is regulated by a reputable authority and has a good track record of customer satisfaction and security.
- Trading conditions: You may want to compare the spreads, commissions, leverage, execution speed and slippage of different brokers and see which one suits your trading strategy and budget.
- Trading assets: You may want to choose a broker that offers a wide range of tradable instruments that match your interests and market exposure.
- Trading platforms: You may want to choose a broker that supports the trading platform that you are comfortable with and that offers the features and tools that you need.
- Trading tools: You may want to choose a broker that provides useful analytical tools, such as market news, economic calendar, trading signals, technical analysis and educational resources, to help you make informed trading decisions.
- Customer service: You may want to choose a broker that offers responsive, friendly and professional customer support, as well as a personal account manager, to assist you with any issues or queries.
Ultimately, the best way to choose a forex broker is to try them out yourself. You can open demo accounts with both BlackBull Markets and FXOpen and test their services and platforms without risking real money. This will give you a better idea of which broker meets your expectations and needs.
