BlackBull Markets vs CMC Markets compared

Online brokers compared for fees, trading platforms, safety and more. See how BlackBull Markets stacks up against CMC Markets!

BlackBull Markets
CMC Markets
74-89% of retail CFD accounts lose money
76% of retail CFD accounts lose money

Last update of dataNov 2022

BlackBull Markets

BlackBull Markets is a New Zealand-based forex broker. It is regulated by the top-tier FMA in New Zealand.

Recommended for forex traders looking for low fees who prefer the MetaTrader platform.

CMC Markets

CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA.

Recommended for forex and CFD traders looking for an advanced trading platform with many research tools.

BlackBull Markets's service is on par with CMC Markets's and a comparison of their fees shows that BlackBull Markets's fees are similar to CMC Markets's.

Account opening takes about the same effort at BlackBull Markets compared to CMC Markets, deposit and withdrawal processes are somewhat more complicated at BlackBull Markets, while customer service quality is similar to CMC Markets's.

Our experts rated the trading platform of BlackBull Markets as somewhat worse than the platform of CMC Markets, found that clients have access to more markets and products with BlackBull Markets, while CMC Markets provides excellent research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.3

Recommended for Forex traders looking for low fees who prefer the MetaTrader platform

Overall Score
4.4

Recommended for Forex and CFD traders looking for an advanced trading platform with many research tools

Country of origin

New Zealand

Country of origin

UK

Fees

Fees score
3.9
Fees score
3.5
Fees summary

Low trading fees, but average non-trading fees

Fees summary

Low forex fees, average CFD and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
4.3
Deposit and withdrawal score
4.9
Number of base currencies

9

Number of base currencies

10

Deposit type

Withdrawal type

Account opening

Account opening score
4.3
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$2000

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement / phone bill / insurance policy / lease agreement / letter from employer, landlord or government

Required documents

Proof of identity: passport / national ID / driver's licence Proof of address: bank statement / utility bill / mortgage statement / credit card statement

Trading platform

Web platform score
3.8
Web platform score
5.0
Mobile platform score
3.8
Mobile platform score
5.0
Desktop platform score
3.4
Desktop platform score
3.4

Markets and products

Markets and products score
3.8
Markets and products score
2.5
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
*
*
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
2.1
Research score
5.0
Charting quality

Mid-range

Charting quality

Great

Education score
4.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

No protection

Investor protection amount

£85,000 for clients under FCA, $1,000,000 under IIROC, no protection under other regulators

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2014

Foundation date

1989

Country of regulation

New Zealand, Seychelles

Country of regulation

UK, Australia, Canada, New Zealand, Singapore, Germany

BlackBull Markets

For detailed information and hands-on experience, read our review of this broker.

CMC Markets

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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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