Is BlackBull Markets free?

BlackBull Markets does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with BlackBull Markets though, then you will find the fees they charge below.

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BlackBull Markets fees
Overview of BlackBull Markets fees and charges

It's safe to say that BlackBull Markets's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of BlackBull Markets's fees

BlackBull Markets Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Low Prime Account: $3 commission per lot per trade. Also, the fees are built into the spread, 0.2 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

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74-89% of retail CFD accounts lose money

BlackBull Markets fees
BlackBull Markets fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare BlackBull Markets fees with its closest competitors, TMGM and Fusion Markets.

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74-89% of retail CFD accounts lose money

BlackBull Markets fees
BlackBull Markets trading fees

BlackBull Markets's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at BlackBull Markets.

Trading fees

BlackBull Markets's trading fees are low.

Forex fees

BlackBull Markets's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
BlackBull Markets TMGM Fusion Markets
EURUSD benchmark fee $6.4 $6.7 $5.2
EURGBP benchmark fee $8.9 $7.6 $5.4

CFD fees

BlackBull Markets has low CFD trading fees.

CFD fees and commissions on a $2,000 trade
BlackBull Markets TMGM Fusion Markets
Apple CFD - - -
Vodafone CFD - - -
Germany - - -

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74-89% of retail CFD accounts lose money

BlackBull Markets fees
BlackBull Markets non-trading fees

Some of BlackBull Markets's non-trading fees are average.

Non-trading fees include various brokerage fees and charges at BlackBull Markets that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how BlackBull Markets stacks up in terms of non-trading fees
BlackBull Markets TMGM Fusion Markets
Withdrawal fee $5 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee No No No

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74-89% of retail CFD accounts lose money

BlackBull Markets fees
BlackBull Markets deposit fee

Usually, brokers don't charge anything for deposits, and BlackBull Markets is no different.

BlackBull Markets deposit methods
BlackBull Markets TMGM Fusion Markets
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

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74-89% of retail CFD accounts lose money

BlackBull Markets fees
BlackBull Markets withdrawal fee

Unfortunately, BlackBull Markets does charge a withdrawal fee of $5 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.

BlackBull Markets withdrawal fees and options compared
BlackBull Markets TMGM Fusion Markets
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee for bank transfer $5 $0 $0

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74-89% of retail CFD accounts lose money

BlackBull Markets fees
BlackBull Markets inactivity fee

BlackBull Markets does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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74-89% of retail CFD accounts lose money

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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