BlackBull Markets vs Forex.com Forex Broker Comparison
A head-to-head comparison of BlackBull Markets and Forex.com across regulation, trading costs, platforms, and editorial scoring.
Score 4.1 / 5
2 bonusesNew Zealand-regulated ECN broker with all three major platforms, no minimum deposit on standard accounts, and good Asia-Pacific coverage.
VS
One of very few brokers accepting US retail forex clients, with deep research tools and competitive raw spreads for professional accounts.
Our Verdict
Forex.com winsby 0.1 pts
Forex.com edges ahead with a score of 4.2/5 vs BlackBull Markets's 4.1/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
BlackBull Markets offers tighter spreads from 0 pips vs 1 pips for Forex.com, reducing trading costs.
Best for safety & regulation
Recommended
Forex.com has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
BlackBull Markets has a cost edge: tighter spreads from 0 pips, lower commission ($6/lot).
Best for platform choice
It's a tie
Both equally suited
Both brokers offer an equivalent platform selection with similar exclusive and proprietary options.
Best for beginners
Recommended
Forex.com edges out BlackBull Markets with a higher editorial score (4.2/5 vs 4.1/5), indicating a stronger overall experience for new traders.
BlackBull Markets vs Forex.com: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.3 / 5▲ |
Fees & Spreads 30% weight | 4.3 / 5▲ | 4.2 / 5 |
Platforms & Tools 20% weight | 4.0 / 5 | 4.1 / 5▲ |
Customer Support 10% weight | 3.8 / 5 | 4.0 / 5▲ |
| Founded | 2014 | 1999 |
| Headquarters | Auckland, New Zealand | Bedminster, New Jersey, USA |
| Min deposit | No minimum | $100 |
| Spreads from | 0 pips | 1 pips |
| Commission / lot | $6/lot | $7/lot |
| Max leverage | 500:1 | 50:1 |
| Withdrawal fee | Free | Free |
| Regulators | FMA FSC | FCA ASIC CFTC MAS NFA IIROC |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView DXtrade | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit BlackBull Markets | Visit Forex.com |
BlackBull Markets vs Forex.com Forex Broker Pros & Cons
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
Pros
One of the few brokers accepting US retail forex clients
Deep research tools including macro analysis
Raw spread account with competitive $7 round-turn commission
MT4, MT5 and proprietary platforms
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
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
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
Cons
$100 minimum deposit is higher than some peers
US clients restricted to 50:1 leverage on major pairs
Raw account pricing not available in all jurisdictions
Inactivity fee applies
BlackBull Markets vs Forex.com: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
BlackBull Markets
criteria win
2
Forex.com
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | BlackBull Markets | Forex.com |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
BlackBull Markets vs Forex.com: Frequently Asked Questions
Based on our independent editorial scoring, Forex.com ranks higher with a score of 4.2/5 vs 4.1/5 for BlackBull Markets. The best choice still depends on your individual trading needs; BlackBull Markets and Forex.com may each suit different trader profiles.
BlackBull Markets offers tighter spreads starting from 0 pips, compared to Forex.com's spreads from 1 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
BlackBull Markets has a lower minimum deposit of no minimum required, while Forex.com requires at least $100. This makes BlackBull Markets more accessible for traders with limited starting capital.
Both BlackBull Markets and Forex.com hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: BlackBull Markets has a lower minimum deposit (no minimum), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
BlackBull Markets offers maximum leverage of 500:1, while Forex.com offers up to 50:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
BlackBull Markets charges $6 per lot, lower than Forex.com's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
BlackBull Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, DXtrade and Forex.com offers MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile; both support MetaTrader 4, MetaTrader 5; BlackBull Markets exclusively offers cTrader, TradingView, DXtrade; Forex.com exclusively offers Proprietary Web/Mobile.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 4.1 / 5
More Broker Comparisons
More BlackBull Markets comparisons
More Forex.com comparisons
Personalised recommendation
Not sure which broker is right for you?
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker