Compare BlackBull Markets vs SimpleFX
What is BlackBull Markets? What is SimpleFX?
BlackBull Markets is an award-winning New Zealand broker that offers forex, CFDs, commodities and share trading on various platforms, including MetaTrader 4, MetaTrader 5 and TradingView. It has offices in Auckland, New York, London and Kuala Lumpur. It claims to provide institutional-grade trading conditions, execution speeds and customer service to retail traders.
SimpleFX is a forex and CFD broker that offers trading on over 200 instruments, including cryptocurrencies, stocks, indices, commodities and forex. It operates a web-based platform that is compatible with any device and browser. It also supports MetaTrader 4 and TradingView integration. It has a social trading feature that allows users to copy other traders or share their own strategies .
BlackBull Markets vs SimpleFX Regulation Comparison
BlackBull Markets is regulated by the Financial Markets Authority (FMA) of New Zealand, which is a Tier-1 regulator that provides high levels of investor protection and oversight. It also has a subsidiary in Seychelles that is authorized by the Financial Services Authority (FSA) of Seychelles, which is a Tier-4 regulator that provides low levels of investor protection and oversight. BlackBull Markets is a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme and follows strict anti-money laundering (AML) and counter-terrorism financing (CFT) policies.
SimpleFX is not regulated by any reputable financial authority. It is registered in St. Vincent and the Grenadines, which is an offshore jurisdiction that does not require any licensing or supervision of forex brokers. This means that SimpleFX does not have to comply with any rules regarding client funds segregation, leverage limits, reporting standards or dispute resolution mechanisms. This poses a high risk for traders who may not be able to recover their money in case of insolvency, fraud or misconduct by the broker.
BlackBull Markets vs SimpleFX Trading Assets Comparison
BlackBull Markets offers over 26,000 tradable instruments across various asset classes, including forex, CFDs, commodities, metals, energy and share trading. It provides access to major, minor and exotic currency pairs, as well as spot metals like gold and silver. It also offers CFDs on indices, commodities, energy products and shares from global markets like the US, UK, Europe, Asia and Australia.
SimpleFX offers over 200 tradable instruments across various asset classes, including forex, CFDs, cryptocurrencies, stocks, indices and commodities. It provides access to major, minor and exotic currency pairs, as well as cryptocurrencies like Bitcoin, Ethereum, Litecoin and more. It also offers CFDs on indices like the S&P 500, NASDAQ 100 and DAX 30; stocks from global markets like the US, UK, Europe and Asia; and commodities like oil, gas and gold.
BlackBull Markets vs SimpleFX Trading Fees Comparison
BlackBull Markets charges variable spreads and commissions depending on the account type and instrument traded. It offers 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. BlackBull Markets also charges swap fees for holding positions overnight and may charge deposit or withdrawal fees depending on the payment method used.
SimpleFX charges variable spreads depending on the instrument traded. It does not charge any commissions or account fees. The spreads start from 0.1 pips for major currency pairs like EUR/USD and USD/JPY; from 0.5 pips for minor currency pairs like AUD/CAD and NZD/CHF; from 1 pip for exotic currency pairs like USD/ZAR and EUR/TRY; from 0.01% for cryptocurrencies like Bitcoin and Ethereum; from 0.02% for indices like the S&P 500 and NASDAQ 100; from 0.04% for stocks like Apple and Amazon; and from 0.05% for commodities like oil and gold. SimpleFX also charges swap fees for holding positions overnight and may charge deposit or withdrawal fees depending on the payment method used.
BlackBull Markets vs SimpleFX Account Types Comparison
BlackBull Markets offers three account types: ECN Standard, ECN Prime and ECN Institutional. The ECN Standard account is suitable for beginners who want to trade with no commission and a minimum deposit of $0. The ECN Prime account is suitable for experienced traders who want to trade with lower spreads and a commission of $6 per lot round turn and a minimum deposit of $2,000. The ECN Institutional account is suitable for professional traders who want to trade with the lowest spreads and a commission of $4 per lot round turn and a minimum deposit of $20,000. All account types offer a leverage of up to 1:500, a minimum lot size of 0.01 and access to all trading platforms and instruments.
SimpleFX offers one account type that is suitable for all traders. It has no minimum deposit requirement, no commission, no account fees and variable spreads depending on the instrument traded. It offers a leverage of up to 1:500, a minimum lot size of 0.01 and access to all trading platforms and instruments.
BlackBull Markets vs SimpleFX Deposit Options Comparison
BlackBull Markets offers multiple payment methods for depositing and withdrawing funds, including bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, UnionPay, SticPay and Bitcoin. The processing time and fees may vary depending on the payment method used. Bank wire transfers may take up to 5 business days and may incur fees from intermediary banks. Credit/debit cards may take up to 24 hours and may incur fees of 2.5% for deposits and 3% for withdrawals. E-wallets may take up to 24 hours and may incur fees of 1% for deposits and 2% for withdrawals. Bitcoin may take up to 24 hours and may incur fees of 0.5% for deposits and withdrawals.
SimpleFX offers multiple payment methods for depositing and withdrawing funds, including bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, Crypto Capital, AdvCash, Perfect Money, WebMoney, Payeer, Local Bank Transfer and various cryptocurrencies like Bitcoin, Ethereum, Litecoin and more. The processing time and fees may vary depending on the payment method used. Bank wire transfers may take up to 5 business days and may incur fees from intermediary banks. Credit/debit cards may take up to 24 hours and may incur fees of 2% for deposits and withdrawals. E-wallets may take up to 24 hours and may incur no fees or low fees depending on the provider. Cryptocurrencies may take up to 24 hours and may incur network fees depending on the coin used.
BlackBull Markets vs SimpleFX Trading Platforms Comparison
BlackBull Markets offers three trading platforms: MetaTrader 4, MetaTrader 5 and TradingView. MetaTrader 4 is the most popular platform among forex traders that offers advanced charting tools, technical indicators, automated trading systems (Expert Advisors), market news and signals. MetaTrader 5 is the newer version of MetaTrader 4 that offers more features such as more order types, more timeframes, more indicators, more instruments, an economic calendar and a built-in market of trading products. TradingView is a web-based platform that offers beautiful charts, social trading features, custom indicators, scripts and alerts.
SimpleFX offers one web-based platform that is compatible with any device and browser. It also supports MetaTrader 4 and TradingView integration for those who prefer these platforms. The web-based platform offers simple but functional features such as charting tools, technical indicators, order types, risk management tools, market news and signals. It also has a social trading feature that allows users to copy other traders or share their own strategies.
BlackBull Markets vs SimpleFX Analytical Tools Comparison
BlackBull Markets offers various analytical tools such as Autochartist, VPS, FIX API and social trading platforms, while SimpleFX does not offer any analytical tools apart from the basic ones available on its web-based platform or the integrated MetaTrader 4 or TradingView platforms. This means that BlackBull Markets offers more support and assistance than SimpleFX, which may help traders make informed decisions and improve their performance. Traders who want to use automated market scanners, run their automated trading systems without interruption, connect their own software or platform directly to the liquidity providers or copy other traders or share their own strategies may prefer BlackBull Markets.
BlackBull Markets vs SimpleFX. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. However, you can consider several factors when choosing between BlackBull Markets and SimpleFX:
- Regulation: BlackBull Markets is regulated by a Tier-1 regulator (FMA) and a Tier-4 regulator (FSA), while SimpleFX is not regulated by any reputable authority. This means that BlackBull Markets offers higher levels of investor protection and oversight than SimpleFX, which poses a high risk for traders who may not be able to recover their money in case of insolvency, fraud or misconduct by the broker.
- Trading assets: BlackBull Markets offers over 26,000 tradable instruments across various asset classes, while SimpleFX offers over 200 tradable instruments. This means that BlackBull Markets offers more diversity and choice than SimpleFX, which may appeal to traders who want to trade different markets and instruments.
- Trading fees: BlackBull Markets charges variable spreads and commissions depending on the account type and instrument traded, while SimpleFX charges variable spreads only. This means that BlackBull Markets may have lower or higher costs than SimpleFX depending on the trading volume, strategy and instrument. Traders who want to trade with no commission may prefer SimpleFX, while traders who want to trade with lower spreads may prefer BlackBull Markets.
- Account types: BlackBull Markets offers three account types: ECN Standard, ECN Prime and ECN Institutional, while SimpleFX offers one account type. This means that BlackBull Markets offers more flexibility and customization than SimpleFX, which may suit traders who have different trading needs and preferences. Traders who want to trade with no minimum deposit requirement may prefer SimpleFX, while traders who want to trade with lower spreads and commissions may prefer BlackBull Markets.
- Deposit and withdrawal options: Both brokers offer multiple payment methods for depositing and withdrawing funds, but they may have different processing times and fees depending on the payment method used. Traders who want to use cryptocurrencies as a payment method may prefer SimpleFX, while traders who want to use credit/debit cards or e-wallets may prefer BlackBull Markets.
- Trading platforms: Both brokers offer MetaTrader 4 and TradingView integration, but BlackBull Markets also offers MetaTrader 5 and its own web-based platform, while SimpleFX only offers its own web-based platform. This means that BlackBull Markets offers more options and features than SimpleFX, which may appeal to traders who want to use different platforms or advanced tools. Traders who want to use a simple but functional web-based platform may prefer SimpleFX, while traders who want to use a popular or newer platform may prefer BlackBull Markets.
- Analytical tools: BlackBull Markets offers various analytical tools such as Autochartist, VPS, FIX API and social trading platforms, while SimpleFX does not offer any analytical tools apart from the basic ones available on its web-based platform or the integrated MetaTrader 4 or TradingView platforms. This means that BlackBull Markets offers more support and assistance than SimpleFX, which may help traders make informed decisions and improve their performance. Traders who want to use automated market scanners, run their automated trading systems without interruption, connect their own software or platform directly to the liquidity providers or copy other traders or share their own strategies may prefer BlackBull Markets.
