FP Markets versus BlackBull Markets

Traders at BlackBull Markets get a low-cost ECN/NDD environment with deep liquidity. The core MT4/MT5 platforms receive an upgrade via the Autochartist plugin, BlackBull Markets also offers the TradingView platform. Beginners get a quality educational section, and actionable trading signals are available for a monthly fee. BlackBull Markets also offers FIX API trading, the TradingView community, ZuluTrade, Myfxbook Autotrade, and HokoCloud.

We have conducted an in-depth review of BlackBull Markets and FP Markets to determine which presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• FP Markets versus BlackBull Markets - Verdict

Headquarters	New Zealand	Australia
Regulators	FMA, FSA	ASIC, CMA, CySEC, FSCA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2014	2005
Execution Type(s)	ECN/STP, No Dealing Desk	ECN/STP
Minimum Deposit	$0	$100
Negative Balance Protection
Trading Platform(s)	MetaTrader 4, MetaTrader 5, cTrader, Trading View	MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based
Average Trading Cost EUR/USD	1.3 pips	1.2 pips
Average Trading Cost GBP/USD	2.0 pips	1.4 pips
Average Trading Cost WTI Crude Oil	$0.03	$0.02
Average Trading Cost Gold	$0.90	$0.16
Retail Loss Rate	Undisclosed	70.70%
Minimum Raw Spreads	0.0 pips	0.0 pips
Minimum Standard Spreads	0.8 pips	1.0 pips
Minimum Commission for Forex	$6.00 per round lot	$6.00 per Round Lot
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Noteworthy:

BlackBull Markets and FP Markets offer VPS hosting, supporting algorithmic traders requiring uninterrupted market access. Both brokers offer scalpers and high-frequency traders a competitive environment with excellent low-latency order execution.

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds
ETFs
Options
Futures
Synthetics
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Traders at BlackBull Markets get 23,000+ equity CFDs and the underlying physical asset from 80+ global stock exchanges, placing it among the Top 5 brokers industry wide. FP Markets provides traders with a respectable 10,000+ assets through its Iress platform and 1,000+ in MT5. Forex traders get 60+ currency pairs at both brokers.

Typical Spreads and Fees

Average Trading Cost EUR/USD	1.3 pips	1.2 pips
Average Trading Cost GBP/USD	2.0 pips	1.4 pips
Average Trading Cost WTI Crude Oil	$0.03	$0.02
Average Trading Cost Gold	$0.90	$0.16
Average Trading Cost Bitcoin	$24	$21.08
Minimum Raw Spreads	0.0 pips	0.0 pips
Minimum Standard Spreads	0.8 pips	1.0 pips
Minimum Commission for Forex	$6.00 per round lot	$6.00 per Round Lot
Deposit Fee
Withdrawal Fee
Inactivity Fee	No	No
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Trading costs are cheaper at BlackBull Markets across the board, including equity trading. Commission-free accounts show minimum Forex costs of $8.00 per lot versus $10.00 at FP Markets. The commission-based alternative costs between $1.50 and $6.00 and $6.00, respectively.

Security and Trust

Country of the Regulator	New Zealand, Seychelles	Australia, Cyprus, Kenya, South Africa
Name of the Regulator	FMA, FSA	ASIC, CMA, CySEC, FSCA
Regulatory License Number	403326, SD045	286354, 103, 371/18, 50926
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Segregation of client deposits from corporate funds and negative balance protection applies at both brokers. Most international clients at FP Markets will trade with the unregulated but duly registered St. Vincent and the Grenadines subsidiary. FP Markets has more experience, but both brokers offer equally secure and trustworthy environments with clean track records.

FP Markets vs BlackBull Markets – Verdict

FP Markets

Pros	Cons
Choice of trading platforms and auxiliarytrading tools	Availability of Iress geographically restricted
Very competitive cost structure and excellent asset selection
Low minimum deposit requirement and leverage of up to 1:500
Well-regulated and trustworthy

BlackBull Markets

Pros	Cons
ECN/NDD execution model with deep liquidity	Limited deposit options
Institution-grade pricing for retail traders via proprietary price aggregation
ZuluTrade and Myfxbook for social trading
Leverage of up to 1:500

BlackBull Markets remains one of the most competitive multi-asset brokers with an industry-leading asset selection and ultra-low trading costs. Deep liquidity, high leverage, and excellent low-latency order execution exist at both brokers alike. FP Markets takes the overall lead due to a better upgrade for MT4/MT5 and its proprietary social trading service. It also provides research for free versus a paid-for monthly subscription at BlackBull Markets and maintains the MAM/PAMM module.

You might also be interested in reviewing the below broker comparisons:

• BlackBull vs Pepperstone
• BlackBull vs Axi
• BlackBull vs Markets.com
• FP Markets vs Avatrade
• FP Markets vs Tickmill
• FP Markets vs eToro

Read full BlackBull Markets Review

Read full FP Markets Review