Compare Pepperstone vs BlackBull Markets
What is Pepperstone? What is BlackBull Markets?
Pepperstone is an online forex and CFD broker that was founded in 2010 and is regulated by ASIC, FCA and CySEC. Pepperstone offers over 2300 trading instruments, including 62 currency pairs, 12 cryptocurrencies, 14 indices, 300 shares and 9 commodities. Pepperstone also provides access to various trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader and TradingView.
BlackBull Markets is an online forex and CFD broker that was founded in 2014 and is regulated by FMA. BlackBull Markets offers over 26000 trading instruments, including 72 currency pairs, 11 cryptocurrencies, 15 indices, 350 shares and 21 commodities. BlackBull Markets also provides access to MetaTrader 4 and MetaTrader 5 platforms.
Pepperstone vs BlackBull Markets Regulation Comparison
Pepperstone has more regulatory licenses than BlackBull Markets, which means it is subject to more oversight and compliance requirements. Pepperstone is authorised by ASIC in Australia, FCA in the UK, CySEC in Cyprus and DFSA in Dubai. BlackBull Markets is only authorised by FMA in New Zealand.
| Broker | ASIC | FCA | CySEC | FMA | DFSA |
|---|---|---|---|---|---|
| Pepperstone | Yes | Yes | Yes | No | Yes |
| BlackBull Markets | No | No | No | Yes | No |
Pepperstone vs BlackBull Markets Trading Assets Comparison
BlackBull Markets has more trading assets than Pepperstone, which means it offers more diversity and choice for traders. BlackBull Markets has 72 forex pairs, while Pepperstone has 62. BlackBull Markets also has more CFDs on indices, shares and commodities than Pepperstone.
| Broker | Forex Pairs | Cryptocurrencies | Indices | Shares | Commodities |
|---|---|---|---|---|---|
| Pepperstone | 62+ | 12+ | 14+ | 300+ | 9+ |
| BlackBull Markets | 72+ | 11+ | 15+ | 350+ | 21+ |
Pepperstone vs BlackBull Markets Trading Fees Comparison
Pepperstone has lower trading fees than BlackBull Markets, which means it is more cost-effective for traders. Pepperstone has lower average spreads on major currency pairs, such as EUR/USD, GBP/USD and AUD/USD. Pepperstone also has lower or equal commission charges on its Razor account compared to BlackBull Markets’ Prime account, depending on the base currency of the trader.
| Broker | EUR/USD Avg. Raw Spread | GBP/USD Avg. Raw Spread | AUD/USD Avg. Raw Spread | EUR/USD Standard Spread | Commissions (USD Base) |
|---|---|---|---|---|---|
| Pepperstone | 0.17 | 0.59 | 0.24 | 1.0 | $3.50 |
| BlackBull Markets | 0.23 | 0.72 | 0.65 | 1.20 | $3.00 |
Pepperstone vs BlackBull Markets Account Types Comparison
Pepperstone and BlackBull Markets offer similar account types for traders, with some differences in the minimum deposit, leverage and swap-free options. Both brokers offer standard accounts with no commissions and variable spreads, and ECN-style accounts with commissions and raw spreads. Pepperstone’s Razor account requires a minimum deposit of $200, while BlackBull Markets’ Prime account requires a minimum deposit of $50. Both brokers offer leverage up to 500:1 for professional clients or clients outside the EU or UK. However, only BlackBull Markets offers swap-free accounts for Islamic traders.
Pepperstone vs BlackBull Markets Deposit Options Comparison
Pepperstone has more deposit and withdrawal options than BlackBull Markets, which means it is more convenient and flexible for traders. Pepperstone supports 16+ funding methods, including bank transfer, credit/debit card, PayPal, Skrill, Neteller, POLi and more. BlackBull Markets supports 4+ funding methods, including bank transfer, credit/debit card, Skrill and Neteller. Both brokers do not charge any fees for deposits or withdrawals.
Pepperstone vs BlackBull Markets Trading Platforms Comparison
Pepperstone and BlackBull Markets offer similar trading platforms for traders, with some differences in the features and tools available. Both brokers support MetaTrader 4 and MetaTrader 5 platforms, which are popular and user-friendly platforms for forex and CFD trading. However, Pepperstone also offers cTrader and TradingView platforms, which are more advanced and customisable platforms for ECN trading and charting. Both brokers also provide automated trading and social trading options for traders who want to use trading robots or copy other traders’ strategies.
Pepperstone vs BlackBull Markets Analytical Tools Comparison
Pepperstone has more analytical tools than BlackBull Markets, which means it offers more support and guidance for traders. Pepperstone provides access to various research and education resources, such as market news, analysis, webinars, guides, videos and podcasts. Pepperstone also offers Smart Trader Tools, which are a suite of plugins and indicators for MetaTrader platforms that enhance the trading experience. BlackBull Markets provides access to some research and education resources, such as market news, analysis, webinars and tutorials. However, BlackBull Markets does not offer any proprietary tools or plugins for MetaTrader platforms.
Pepperstone vs BlackBull Markets. Which forex broker is better? Which forex broker should you choose?
Based on the comparison I provided, you can see that Pepperstone and BlackBull Markets have some advantages and disadvantages over each other. In general, Pepperstone is more regulated, cheaper, more convenient and more supportive than BlackBull Markets. On the other hand, BlackBull Markets has more trading assets, lower minimum deposit, swap-free accounts and higher leverage than Pepperstone.
You may want to consider these factors and weigh them according to your priorities and needs. You may also want to test their platforms and services with a demo account before making a decision.
