BlackBull Markets vs. Saxo Bank

BlackBull Markets
1%
Deposit 200 EUR/USD
Spreads 0.76 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established 2014
Currency Pairs (Total Forex pairs) 30
Country: New Zealand
Regulation:
Trading app:
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Number of CFD asset classes: 3
Broker type: MM
Support:
Phone
Mail
Chat
Funding methods:
Real Stocks and ETFs:
Saxo Bank
45%
Deposit 2000 EUR/USD
Spreads 2 EUR/USD
*The value is indicative from the broker's website. The spread amount is variable.
Established 1992
Currency Pairs (Total Forex pairs) 182
Country: Denmark, UK
Regulation:
FCA (UK)
ASIC (Australia)
Cysec
Trading app:
Web Platform
Number of CFD asset classes: 5
Broker type: ECN, STP
Support:
Phone
Mail
Chat
Funding methods:
Visa/Mastercard
Bank Wire
* Some of the payment methods may not be available in your country.
Real Stocks and ETFs:

Winner of the comparison

29%
BlackBull Markets
45%
Saxo Bank
Winner
If you don’t want to read the full comparison, the winner of our review is Saxo Bank, which takes the lead with a rating of 45%, while BlackBull Markets only reaches 29%. BlackBull Markets requires a minimum deposit of 200 EUR/USD, while Saxo Bank sets it at 2000 EUR/USD. Thanks to the lower deposit, BlackBull Markets is more welcoming to traders with smaller budgets. For BlackBull Markets, the spread is 0.76 EUR/USD, while for Saxo Bank it is 2 EUR/USD. Tighter spreads make BlackBull Markets a more advantageous choice. BlackBull Markets offers 30 forex pairs, while Saxo Bank provides 182. More options come with Saxo Bank. BlackBull Markets was founded in 2014, while Saxo Bank has been operating since 1992. The older Saxo Bank has the upper hand in this regard. Both brokers allow trading with real stocks. BlackBull Markets is overseen by 0 regulatory bodies, while Saxo Bank has 3. Stricter oversight at Saxo Bank gives it an advantage. BlackBull Markets supports 2 platforms, while Saxo Bank offers 1. A greater choice of platforms gives BlackBull Markets the lead.

Comprehensive Comparison: BlackBull Markets vs Saxo Bank

A detailed look at two popular brokers from our portfolio

Comparison Result
Winner of this comparison: Saxo Bank with an overall rating of 45%
BlackBull Markets
Min. Deposit
200
EUR/USD Spread
0.76
Currency Pairs
30
Year Established
2014
Saxo Bank
Min. Deposit
2000
EUR/USD Spread
2
Currency Pairs
182
Year Established
1992

Key Strengths

BlackBull Markets
    • At present, it seems that the broker we are reviewing does not have any specific advantages that distinguish it from the competition or stand out directly.
Saxo Bank
    • Fully licensed European company with strong backing
    • More suitable for professional traders
    • Proprietary trading platforms
    • Competitive trading spreads
    • Really large number of trading instruments

Comparison by Categories

Trading Tools
BlackBull Markets
70%
Saxo Bank
100%
Trading Platforms
BlackBull Markets
29%
Saxo Bank
14%
Trading Costs
BlackBull Markets
100%
Saxo Bank
80%
Educational Materials
BlackBull Markets
33%
Saxo Bank
67%
Customer Support
BlackBull Markets
100%
Saxo Bank
100%
Overall Rating
BlackBull Markets
29%
Saxo Bank
45%

Our Recommendations

Best for Beginners
Thanks to comprehensive educational materials and a user-friendly platform, Saxo Bank is an ideal choice for new traders.
Best Platform
The trading platform of broker BlackBull Markets offers an intuitive interface and advanced features for efficient trading.
Lowest Costs
BlackBull Markets offers competitive spreads and lower fees, making it ideal for active traders.
Investments
# BlackBull Markets Saxo Bank
Currency Pairs (Total Forex pairs) 30 182
CFDs – Total Offered 50+ 201+
Options CFD
Share CFDs
Forex CFD
Commodities CFD
ETF CFD
Indicies CFD
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Investments rating 38% 62%
Winner
Cost
# BlackBull Markets Saxo Bank
Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. 0.76 2
Deposit from 200 2000
Account fee
Inactivity fee
Active Trader or VIP Discounts
Withdrawal fees
Deposit fees
Cost rating 100% 80%
Winner
Trading app
# BlackBull Markets Saxo Bank
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Currenex
cTrader
Trading Platforms rating 29% 14%
Winner
Trading Tools
# BlackBull Markets Saxo Bank
Financial leverage
Virtual Trading (Demo)
Alerts – Basic Fields
Charting – Indicators / Studies (Total)
Charting – Drawing Tools (Total)
Charting – Trade From Chart
Stop-Loss
Finacial Calendar
Daily financial news
Order Type – Trailing Stop
Trading Tools rating 70% 100%
Winner
Research
# BlackBull Markets Saxo Bank
Daily Market Commentary
Forex News (Top-Tier Sources)
Weekly Webinars
Social Sentiment – Currency Pairs
Economic Calendar
Research
Research rating 17% 83%
Winner
Education
# BlackBull Markets Saxo Bank
Has Education – Forex
Has Education – CFDs
Client Webinars
Videos – Advanced Trading Videos
Investor Dictionary (Glossary)
Education
Education rating 33% 67%
Winner
Forex
# BlackBull Markets Saxo Bank
GBP/USD
USD/JPY
EUR/USD
USD/CHF
USD/CAD
NZD/USD
AUD/USD
Major Forex Pairs rating 100% 100%
Winner
Commodities
# BlackBull Markets Saxo Bank
Gold
Silver
WIT Oil
Brent Oil
Coffee
Cocoa
Soybeans
Rice
Corn
Platinum
Palladium
Commodities rating 36% 36%
Winner
Indicies
# BlackBull Markets Saxo Bank
DAX 40
S&P 500
Nasdaq
Dow Jones
Nikkei
Indices rating 100% 100%
Winner
Cryptocurrencies
# BlackBull Markets Saxo Bank
Bitcoin
Litecoin
Ethereum
Ripple
Neo
Stellar
Cardano
Tron
Monero
EOS
Cryptocurrencies rating 0% 0%
Winner
Regulations
# BlackBull Markets Saxo Bank
Cysec
ASIC (Australia)
FCA (UK)
Authorised in the European Union (EU)
CFTC Registered (USA)
FINMA (Switzerland)
Regulations rating 0% 50%
Winner
Support
# BlackBull Markets Saxo Bank
Chat
Phone
Mail
Support rating 100% 100%
Winner
Overall
# BlackBull Markets Saxo Bank
Go to the full broker review BlackBull Markets Saxo Bank
Win / Loss % 29% 45%
Winner