BlackBull Marketsvs
OANDAForex Broker Comparison
Two brokers face off on regulation, pricing and platform reach. The tension hinges on safety versus breadth of tools and costs.
Our Verdict
OANDA winsby 0.5 pts
OANDA edges BlackBull Markets on the editorial score, underpinned by stronger regulation and investor compensation coverage.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Instruments offered differ sharply: BlackBull lists 26,000, while OANDA has about 70.
- 2Raw spreads exist on BlackBull; OANDA does not offer raw spreads.
- 3OANDA has a proprietary platform; BlackBull relies on MT4/MT5 and cTrader.
Who should choose BlackBull Markets vs OANDA?
Find out which broker best suits your trader profile.
Choose BlackBull Markets if…
Choose BlackBull Markets if you want ECN pricing with raw spreads and a $6/lot commission. You also trade on MT4, MT5 or cTrader.
Choose OANDA if…
Choose OANDA if you want investor compensation scheme protection and access to MT4, MT5, and a proprietary platform.
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 0.00 pips vs 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
Recommended
BlackBull Markets vs OANDA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.8 / 5▲ |
BlackBull Markets vs OANDA 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)
BlackBull Markets vs OANDA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
BlackBull Markets
criteria wins
2
OANDA
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | BlackBull Markets | OANDA |
|---|---|---|
| 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 | Fail |
| 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 OANDA: Frequently Asked Questions
OANDA rates 4.6/5 versus 4.1/5 for BlackBull Markets. OANDA edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
BlackBull Markets starts from 0 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Neither BlackBull Markets nor OANDA requires a minimum deposit, making both accessible regardless of starting capital.
Both BlackBull Markets and OANDA hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
BlackBull Markets lists maximum leverage of 500:1, while OANDA lists up to 50:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
BlackBull Markets charges $6 per lot on commission-based accounts. Commission details for OANDA are not currently available. Check their website for up-to-date pricing.
BlackBull Markets supports cTrader, MetaTrader 5, TradingView, DXtrade, MetaTrader 4, while OANDA supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 5 and TradingView and MetaTrader 4. BlackBull Markets has exclusive access to cTrader and DXtrade. OANDA has exclusive access to Proprietary Web/Mobile.
