The best alternatives to BlackBull Markets are
- TMGM - Global forex broker
- Fusion Markets - Australian forex broker
- Axi - Australian forex broker
- Pepperstone - Australian forex and CFD broker
Let's see in a bit more detail how the BlackBull Markets alternatives compare to BlackBull Markets and each other:
| BlackBull Markets | TMGM | Fusion Markets | Axi | Pepperstone | |
|---|---|---|---|---|---|
| Overall score | 4.4 stars | 4.1 stars | 4.4 stars | 4.4 stars | 4.5 stars |
| Fees score | 4.0 stars | 4.0 stars | 4.7 stars | 4.3 stars | 4.4 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 4.2 stars | 5.0 stars |
| Deposit and withdrawal score | 4.4 stars | 4.3 stars | 4.4 stars | 4.4 stars | 4.8 stars |
| Web platform score | 3.8 stars | 2.8 stars | 2.8 stars | 2.8 stars | 2.8 stars |
| Markets and products score | 3.8 stars | 2.2 stars | 2.2 stars | 2.2 stars | 2.2 stars |
|
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68% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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73.9% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to BlackBull Markets? There are many areas based on which BlackBull Markets can be compared with others. When we say a given online broker is a good alternative to BlackBull Markets we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
BlackBull Markets alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- BlackBull Markets is recommended for forex traders looking for low fees who prefer the metatrader platform
- TMGM is recommended for forex traders who prefer the metatrader platform
- Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
- Axi is recommended for forex traders familiar with the metatrader 4 platform
- Pepperstone is recommended for forex traders looking for great account opening and customer service
Important factors of finding BlackBull Markets alternatives
So far BrokerChooser has reviewed 102 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether BlackBull Markets or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. BlackBull Markets is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost BlackBull Markets alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At BlackBull Markets this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at BlackBull Markets, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given BlackBull Markets alternative is a must.
Now let's dive into the details of how BlackBull Markets and its alternatives perform in the most important areas!
BlackBull Markets alternatives
TMGM
TMGM, or Trademax Global Markets, is an Australia-based global forex broker founded in 2013. The company has several branches and is regulated by the Australian Securities and Investment Commission (ASIC), the New Zealand Financial Markets Authority (FMA) and the Vanuatu Financial Services Commission (VFSC).
TMGM is considered safe because it is regulated by the top-tier ASIC.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders who prefer the metatrader platform
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Slim product portfolio
|
|
• Easy and fast account opening
|
• Limited research and educational tools
|
|
• Free deposit and withdrawal
|
• Inactivity fee
|
Fees
TMGM has low forex fees. While TMGM doesn't charge a fee for withdrawals, there's an inactivity fee if you don't trade for more than six months.
| Pros | Cons |
|---|---|
|
• Low trading fees
|
• Inactivity fee
|
|
• Low forex fees
|
|
|
• No withdrawal fee
|
|
| TMGM | BlackBull Markets | |
|---|---|---|
| EURUSD benchmark fee | $13.1 | $14.2 |
| EURGBP benchmark fee | $11.7 | $14.2 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
The account opening process at TMGM is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• Low minimum deposit
|
|
| TMGM | BlackBull Markets | |
|---|---|---|
| Minimum deposit | $100 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in TMGM minimum deposit, this overview will help you.
Deposit and withdrawal
TMGM's depositing and withdrawal services are great. Many options are available for moving your money in and out, and they are free of charge.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Minor currencies not accepted
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| TMGM | BlackBull Markets | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $5 |
Web trading platform
TMGM uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but its design is outdated and it lacks a two-step login and price alerts.
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
• No price alerts
|
|
• Order confirmation
|
• Poor design
|
| TMGM | BlackBull Markets | |
|---|---|---|
| Web platform score | 2.8 stars | 3.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about TMGM's web trading platform in the detailed TMGM review.
Markets and products
At TMGM, you can trade only forex, CFDs and cryptos. This means that many popular asset classes, like real stocks and ETFs, are not available.
| TMGM | BlackBull Markets | |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
TMGM's forex fees are low, and account opening is fast and easy. Deposits and withdrawals are free of charge, and the process is user-friendly.
On the other hand, the product portfolio covers only forex and CFDs. In addition, clients are not covered by any investor protection.
Feel free to try TMGM, as you can easily open an account within a day.
| TMGM | |
|---|---|
| Summary | TMGM is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients. |
| Fees score | 4.0 stars |
| Recommended for | Forex traders who prefer the MetaTrader platform |
BlackBull Markets alternatives
Fusion Markets
Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
| Pros | Cons |
|---|---|
|
• Low trading and non-trading fees
|
• Basic educational tools
|
|
• Fast and easy account opening
|
• Limited product selection
|
|
• Great customer service
|
• No investor protection
|
Fees
Fusion Markets has low forex and CFD fees and charges no inactivity or withdrawal fees.
| Pros | Cons |
|---|---|
|
• Low forex and CFD fees
|
None |
|
• No withdrawal and inactivity fees
|
|
| Fusion Markets | BlackBull Markets | |
|---|---|---|
| EURUSD benchmark fee | $11.0 | $14.2 |
| EURGBP benchmark fee | $8.4 | $14.2 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
The account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• No minimum deposit
|
|
| Fusion Markets | BlackBull Markets | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in Fusion Markets minimum deposit, this overview will help you.
Deposit and withdrawal
At Fusion Markets, most withdrawals are free and you can use bank transfer, credit/debit cards and electronic wallets to add funds. However, you can't open an account in minor currencies.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• No minor account currencies accepted
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| Fusion Markets | BlackBull Markets | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $5 |
Web trading platform
The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
• No price alerts
|
|
• Order confirmation
|
• Poor design
|
| Fusion Markets | BlackBull Markets | |
|---|---|---|
| Web platform score | 2.8 stars | 3.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.
Markets and products
Fusion Markets offers many currency pairs and some CFDs. On the other hand, a lot of popular asset classes, such as real stocks, ETFs and funds, are not available.
| Fusion Markets | BlackBull Markets | |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Fusion Markets is a great forex broker with very low trading and non-trading fees. The account opening is fast and easy, and customer service provides quick and relevant answers.
On the negative side, Fusion Markets has limited educational tools. The product portfolio is largely limited to forex and some CFDs. Lastly, there is no investor protection.
As you can open an account within a day and fees are low, feel free to try Fusion Markets.
| Fusion Markets | |
|---|---|
| Summary | Fusion Markets is an Australia-based discount forex broker, regulated by the ASIC, VFSC and FSA Seychelles |
| Fees score | 4.7 stars |
| Recommended for | Forex traders looking for low fees and a chance to use the MetaTrader 4 platform |
BlackBull Markets alternatives
Axi
Axi (previously known as AxiTrader) is an Australian forex broker founded in 2007. The "Axi" brand was launched in 2020.
Axi is regulated by multiple financial authorities worldwide, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Dubai Financial Services Authority (DFSA). Being regulated by several top-tier authorities is a good sign for Axi's safety.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders familiar with the metatrader 4 platform
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Only forex and CFD trading
|
|
• No withdrawal/deposit fees
|
• Limited research tools
|
|
• Fully digital account opening
|
• 24/5 customer service
|
Fees
Axi has low forex and CFD fees, and deposits and withdrawals are free of charge.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• No withdrawal fee
|
|
|
• Low CFD fees
|
|
| Axi | BlackBull Markets | |
|---|---|---|
| EURUSD benchmark fee | $13.2 | $14.2 |
| EURGBP benchmark fee | $11.2 | $14.2 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Account opening at Axi is user-friendly and fully digital, but it takes a bit longer than at similar online brokers.
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Slower account opening time
|
|
• No minimum deposit
|
|
|
• User-friendly
|
|
| Axi | BlackBull Markets | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in Axi minimum deposit, this overview will help you.
Deposit and withdrawal
Axi charges no deposit or withdrawal fees. You can use either bank card, bank transfer or e-wallets for deposits, but there are some withdrawal limitations for bank cards.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Some restrictions apply to withdrawals
|
|
• Free withdrawal
|
|
|
• No deposit fee
|
|
| Axi | BlackBull Markets | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $5 |
Web trading platform
The web trading platform of Axi (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks price alerts.
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
• No price alerts
|
|
• Order confirmation
|
• Poor design
|
| Axi | BlackBull Markets | |
|---|---|---|
| Web platform score | 2.8 stars | 3.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about Axi's web trading platform in the detailed Axi review.
Markets and products
At Axi, you can trade only forex and CFDs. Other popular asset classes like real stocks or ETFs are not available.
| Axi | BlackBull Markets | |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Axi is regulated by multiple authorities globally, including the UK's FCA and ASIC in Australia.
On the plus side, forex fees are low, and deposits and withdrawals are free of charge. Account opening is easy and fully digital, without any minimum deposit, which is also great.
Axi has some drawbacks, though. Its product range is limited to forex and CFDs, and its research tools lack recommendations and fundamental data. In addition, customer support is available only 24/5.
Feel free to try Axi as its trading fees are low and there are no deposit or withdrawal fees.
| Axi | |
|---|---|
| Summary | Axi (previously known as AxiTrader) is an Australian forex broker, regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. |
| Fees score | 4.3 stars |
| Recommended for | Forex traders familiar with the MetaTrader 4 platform |
BlackBull Markets alternatives
Pepperstone
Pepperstone is an Australian forex broker that also offers CFDs. It was established in 2010 and opened a London office in 2015 to better serve its European clients. After Brexit, new clients registering from the EU are served by Pepperstone's German and Cyprus entities.
Pepperstone is considered safe because it's regulated by 7 national regulators, including three top-tier financial authorities: the UK's Financial Conduct Authority (FCA), Germany's BaFin and the Australian Securities and Investments Commission (ASIC).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for great account opening and customer service
| Pros | Cons |
|---|---|
|
• Fast and fully digital account opening
|
• Mostly CFDs offered
|
|
• Great customer service
|
• MetaTrader platform is basic
|
|
• Seamless and free deposit and withdrawal
|
|
Fees
Pepperstone has low forex and non-trading fees, including no inactivity or account fees. However, CFD financing rates are high for a few assets.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• High costs for holding positions overnight
|
|
• No withdrawal fee
|
|
|
• No inactivity fee
|
|
| Pepperstone | BlackBull Markets | |
|---|---|---|
| EURUSD benchmark fee | $11.6 | $14.2 |
| EURGBP benchmark fee | $10.3 | $14.2 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
Pepperstone's account opening process offers a rewarding experience. It is fully digital, user-friendly, and requires no minimum deposit for the Standard account.
| Pros | Cons |
|---|---|
|
• Fast
|
None |
|
• Fully digital
|
|
|
• No minimum deposit
|
|
| Pepperstone | BlackBull Markets | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in Pepperstone minimum deposit, this overview will help you.
Deposit and withdrawal
Pepperstone provides plenty of deposit and withdrawal options, as well as a wide selection of account base currencies. However, there is a high, $20 fee for bank withdrawals for clients outside the EU and Australia.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• High bank withdrawal fee for clients outside the EU/Australia
|
|
• No deposit fee
|
|
|
• Several account base currencies
|
|
| Pepperstone | BlackBull Markets | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $5 |
Web trading platform
Pepperstone's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and its design is outdated.
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
• No price alerts
|
|
• Order confirmation
|
|
| Pepperstone | BlackBull Markets | |
|---|---|---|
| Web platform score | 2.8 stars | 3.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars |
Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.
Markets and products
At Pepperstone you can only trade forex and a range of CFDs (commodity, stock index, ETF, share, and crypto CFDs). This means that many popular asset classes such as real stocks and ETFs are missing.
| Pepperstone | BlackBull Markets | |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Pepperstone is a great forex and CFD broker, regulated by multiplse top-tier authorities, including the FCA, the BaFin and ASIC.
The account opening is fast and fully digital. Customer service is great, providing lightning-fast and relevant answers. Deposit and withdrawal are a breeze, with no fees charged in most cases.
On the other hand, at Pepperstone you can trade mostly forex and CFDs. If you're looking for advanced features in your trading platform, you might find the MetaTrader platform slightly disappointing.
Feel free to try Pepperstone as there is no inactivity fee or minimum deposit for standard accounts.
| Pepperstone | |
|---|---|
| Summary | Pepperstone is a forex and CFD broker regulated by both the UK FCA and the ASIC in Australia. |
| Fees score | 4.4 stars |
| Recommended for | Forex traders looking for great account opening and customer service |
BlackBull Markets alternatives
BlackBull Markets
BlackBull Markets is a global forex broker founded in 2014. The company is regulated by the Financial Markets Authority of New Zealand (FMA) and the Financial Services Authority of Seychelles (FSA).
BlackBull Markets is considered safe because it's regulated by the top-tier FMA of New Zealand.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders looking for low fees who prefer the metatrader platform
| Pros | Cons |
|---|---|
|
• Low forex and CFD fees
|
• Withdrawal fee
|
|
• Fast and user-friendly account opening
|
• Limited research tools
|
|
• Great educational tools
|
• $2,000 minimum deposit for Prime Accounts
|
Fees
BlackBull Markets has low forex and CFD trading fees and there are no deposit fees. On the other hand, withdrawal carries a charge.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Withdrawal fee
|
|
• Low CFD fees
|
|
|
• No fee for deposit
|
|
| BlackBull Markets | TMGM | Fusion Markets | Axi | Pepperstone | |
|---|---|---|---|---|---|
| EURUSD benchmark fee | $14.2 | $13.1 | $11.0 | $13.2 | $11.6 |
| EURGBP benchmark fee | $14.2 | $11.7 | $8.4 | $11.2 | $10.3 |
Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.
Account opening
The account opening process at BlackBull Markets is fully digital, user-friendly and fast. Our account was approved within a day. On the other hand, the minimum deposit is high for Prime Accounts.
| Pros | Cons |
|---|---|
|
• Fast
|
• High minimum deposit for Prime Account
|
|
• Fully digital
|
|
|
• User-friendly
|
|
| BlackBull Markets | TMGM | Fusion Markets | Axi | Pepperstone | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $100 | $0 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1 day | 1-3 days | 1 day |
Learn more about BlackBull Markets minimum deposit here.
Deposit and withdrawal
BlackBull Markets' deposit and withdrawal services are great. Several base currencies are available, there are numerous options for moving your money, and there is no deposit fee. However, the broker charges a fee on withdrawals.
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Withdrawal fee
|
|
• No deposit fee
|
|
|
• Several account base currencies
|
|
| BlackBull Markets | TMGM | Fusion Markets | Axi | Pepperstone | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes | Yes | Yes |
| Withdrawal fee | $5 | $0 | $0 | $0 | $0 |
Web trading platform
The web trading platform at BlackBull Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
• No price alerts
|
|
• Order confirmation
|
• Poor design
|
| BlackBull Markets | TMGM | Fusion Markets | Axi | Pepperstone | |
|---|---|---|---|---|---|
| Web platform score | 3.8 stars | 2.8 stars | 2.8 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars | 3.8 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars |
Learn more about BlackBull Markets's web trading platform in the detailed BlackBull Markets review.
Markets and products
At BlackBull Markets, you can trade real stocks, forex and CFDs. In other words, popular asset classes like bonds or ETFs are not available.
| BlackBull Markets | TMGM | Fusion Markets | Axi | Pepperstone | |
|---|---|---|---|---|---|
| Stocks | Yes | No | No | No | No |
| ETFs | No | No | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Funds | No | No | No | No | No |
| Bonds | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFDs | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | Yes |
Verdict
New Zealand-regulated BlackBull Markets is a great forex broker.
Low forex and CFD fees are the most important arguments in favor of BlackBull Markets. Furthemore, the account opening is seamless and educational tools are great. Our account was ready within a business day while the educational tools include videos, texts and a demo account.
On the other hand, the there is a withdrawal fee. In addition, research tools are basic and there is a high minimum deposit for Prime Accounts.
As the account opening is seamless and trading fees are low, feel free to give BlackBull Markets a try.
| BlackBull Markets | |
|---|---|
| Summary | BlackBull Markets is a New Zealand-based forex broker. It is regulated by the top-tier FMA in New Zealand. |
| Fees score | 4.0 stars |
| Recommended for | Forex traders looking for low fees who prefer the MetaTrader platform |
BlackBull Markets alternatives
Bottom line
Based on our analysis, there are several good alternatives to BlackBull Markets. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| BlackBull Markets | Global forex broker | Forex traders looking for low fees who prefer the MetaTrader platform |
| TMGM | Global forex broker | Forex traders who prefer the MetaTrader platform |
| Fusion Markets | Australian forex broker | Forex traders looking for low fees and a chance to use the MetaTrader 4 platform |
| Axi | Australian forex broker | Forex traders familiar with the MetaTrader 4 platform |
| Pepperstone | Australian forex and CFD broker | Forex traders looking for great account opening and customer service |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
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