Two ECN brokers clash on regulation, platform breadth, and pricing structures. The tension centers on safety, execution options, and cost clarity.
BlackBull Markets edges AMarkets on the editorial score, reflecting stronger regulation and a broader platform ecosystem.
Find out which broker best suits your trader profile.
Choose AMarkets if…
Choose AMarkets if you want a $100 minimum deposit and competitive $6 per lot ECN commission.
Choose BlackBull Markets if…
Choose BlackBull Markets if you want no minimum deposit on standard accounts and negative balance protection with diverse platforms.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 3.8/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.4 / 5 | 4.1 / 5▲ |
Pros
MT4, MT5, and cTrader all available
Competitive $6 round-turn ECN commission
Mature PAMM platform with full performance transparency
No inactivity fee
Client funds held in segregated accounts
Raw spread account available
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | AMarkets | BlackBull Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: AMarkets rates 3.8/5 and BlackBull Markets rates 4.1/5. BlackBull Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both AMarkets and BlackBull Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
BlackBull Markets has no minimum deposit, while AMarkets requires at least $100. This makes BlackBull Markets more accessible for traders with limited starting capital.
BlackBull Markets holds top-tier regulation (FSC, FMA), providing stronger investor protections. AMarkets may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
BlackBull Markets stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
AMarkets lists maximum leverage of 3000:1, while BlackBull Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Both AMarkets and BlackBull Markets charge the same commission of $6 per lot on applicable accounts.
AMarkets supports cTrader, MetaTrader 5, MetaTrader 4, while BlackBull Markets supports cTrader, MetaTrader 5, TradingView, DXtrade, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. BlackBull Markets has exclusive access to TradingView and DXtrade.
BlackBull Markets wins safety & regulation with FSC/FMA oversight and segregated client funds.
BlackBull Markets wins for active traders due to more platforms and a far larger instrument universe.
Both brokers offer equivalent ECN conditions including raw spread accounts, commissions, and spread levels.
BlackBull Markets wins platform choice with MT4/MT5/cTrader plus TradingView and DXtrade.
BlackBull Markets offers no minimum deposit and negative balance protection for beginners.
BlackBull Markets wins instrument variety with about 26,000 tradable instruments.
Fees & Spreads 30% weight | 4.0 / 5 | 4.3 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.1 / 5▲ | 4.0 / 5 |
|---|
Customer Support 10% weight | 3.9 / 5▲ | 3.8 / 5 |
|---|
| Founded | 2007 | 2014 |
|---|
| Headquarters | Kingstown, Saint Vincent and the Grenadines | Auckland, New Zealand |
|---|
| Min Deposit | $100 | No minimum▼ lower |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot | $6/lot |
|---|
| 0.6 pips | 0.6 pips |
| Max Leverage | 3,000:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | SVGFSA | FSC FMA |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | cTrader MetaTrader 5 TradingView DXtrade MetaTrader 4 |
|---|
| Active bonuses |
|---|
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Supports all three major platforms: MT4, MT5, and cTrader
Regulated under FSC, well-established for offshore clients
No minimum deposit on standard account
Good for Asia-Pacific timezone traders
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
SVG FSA registration only, no meaningful retail investor protection
No EU or Tier 1 licensed entity
Very high leverage (3000:1) is a risk amplifier
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
ECN commission of $6/lot round-turn is above some peers
Customer support timezone is NZ-centric
Brand recognition outside APAC is limited
No investor compensation scheme
No proprietary platform
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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