BlackBull Markets vs ThinkMarkets Forex Broker Comparison
A head-to-head comparison of BlackBull Markets and ThinkMarkets 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
Score 4.2 / 5
2 bonusesNo minimum deposit on standard account, a highly rated ThinkTrader mobile app, and JFSA regulation for Japanese clients.
Our Verdict
ThinkMarkets winsby 0.1 pts
ThinkMarkets 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 0.4 pips for ThinkMarkets, reducing trading costs.
Best for safety & regulation
Recommended
ThinkMarkets 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
Recommended
ThinkMarkets offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
ThinkMarkets 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 ThinkMarkets: 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 | 4.2 / 5▲ |
Customer Support 10% weight | 3.8 / 5 | 4.0 / 5▲ |
| Founded | 2014 | 2010 |
| Headquarters | Auckland, New Zealand | London, United Kingdom |
| Min deposit | No minimum | No minimum |
| Spreads from | 0 pips | 0.4 pips |
| Commission / lot | $6/lot | $7/lot |
| Max leverage | 500:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FMA FSC | FCA FSCA ASIC JFSA |
| Platforms | MetaTrader 4 TradingView MetaTrader 5 DXtrade cTrader | MetaTrader 4 Proprietary Web/Mobile TradingView MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit BlackBull Markets | Visit ThinkMarkets |
BlackBull Markets vs ThinkMarkets 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
No minimum deposit on standard ThinkForex account
ThinkTrader proprietary app is well-reviewed for mobile trading
JFSA regulation for Japanese clients
Strong multi-region regulatory coverage
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
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
ThinkZero account requires $500 minimum deposit
Standard account is spread-only and not competitive for scalpers
Not available to US residents
BlackBull Markets vs ThinkMarkets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
BlackBull Markets
criteria wins
2
ThinkMarkets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | BlackBull Markets | ThinkMarkets |
|---|---|---|
| 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 | Pass |
| 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 ThinkMarkets: Frequently Asked Questions
Based on our independent editorial scoring, ThinkMarkets 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 ThinkMarkets may each suit different trader profiles.
BlackBull Markets offers tighter spreads starting from 0 pips, compared to ThinkMarkets's spreads from 0.4 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Neither BlackBull Markets nor ThinkMarkets requires a minimum deposit, making both accessible regardless of starting capital.
Both BlackBull Markets and ThinkMarkets 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: 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 ThinkMarkets offers up to 500:1. 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 ThinkMarkets's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
BlackBull Markets supports MetaTrader 4, TradingView, MetaTrader 5, DXtrade, cTrader and ThinkMarkets offers MetaTrader 4, Proprietary Web/Mobile, TradingView, MetaTrader 5; both support MetaTrader 4, TradingView, MetaTrader 5; BlackBull Markets exclusively offers DXtrade, cTrader; ThinkMarkets 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
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