Interactive brokers vs. BlackBull Markets
Comparison: Interactive brokers vs. BlackBull Markets – Which broker is better? A quick comparison of platform, fees, deposits, withdrawals and regulation.
Winner of this comparison: Interactive brokers with an overall rating of 50%
Basic information
| Basic information |  Interactive brokers |  BlackBull Markets |
|---|---|---|
| Deposit | 10 EUR/USD | 200 EUR/USD |
| Spreads | 1 EUR/USD | 0.76 EUR/USD |
| Established | 1978 | 2014 |
| Currency Pairs (Total Forex pairs) | 22 | 30 |
| Country | UK | New Zealand |
| Regulation | Authorised in the European Union (EU) | Yes |
| Trading app | Desktop Platform (Windows), Web Platform | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Number of CFD asset classes | 5 | 3 |
| Broker type | ECN, STP | MM |
| Support | Phone, Mail, Chat | Phone, Mail, Chat |
| Funding methods | * Some of the payment methods may not be available in your country. Visa/Mastercard, Bank Wire | Yes |
| Real Stocks and ETFs | Yes | Yes |
*The value is indicative from the broker's website. The spread amount is variable.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Comparison Result
In terms of overall rating, both brokers are equal – both have 50%. Interactive brokers requires a minimum deposit of 10 EUR/USD, while BlackBull Markets sets it at 200 EUR/USD. Thanks to the lower deposit, Interactive brokers is more welcoming to traders with smaller budgets. For Interactive brokers, the spread is 1 EUR/USD, while for BlackBull Markets it is 0.76 EUR/USD. Lower spreads at BlackBull Markets give it the edge. Interactive brokers offers 22 forex pairs, while BlackBull Markets provides 30. More options come with BlackBull Markets. Interactive brokers was founded in 1978, while BlackBull Markets has been operating since 2014. The longer tradition of Interactive brokers means greater experience. Both brokers allow trading with real stocks. Interactive brokers is overseen by 1 regulatory bodies, while BlackBull Markets has 0. More regulations at Interactive brokers enhance its trustworthiness. Interactive brokers supports 2 platforms, while BlackBull Markets offers 2. In terms of platform count, both are on the same level.
50%
Interactive brokers
29%
BlackBull Markets
Key Strengths
Interactive brokers
- Extremely low fees
- Wide range of products
- Many great research tools
- Low margin rates
- No inactivity fee and no withdrawal fee
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.
Comparison by Categories
Comprehensive Comparison: Interactive brokers vs BlackBull Markets
Interactive brokers BlackBull Markets Investments
62 % 38 %| Investments | Interactive brokers | BlackBull Markets |
|---|---|---|
| Currency Pairs (Total Forex pairs) | 22 | 30 |
| CFDs – Total Offered | 100+ | 50+ |
| Options CFD | Yes | No |
| Share CFDs | No | No |
| Forex CFD | Yes | Yes |
| Commodities CFD | Yes | Yes |
| ETF CFD | Yes | No |
| Indicies CFD | Yes | Yes |
| Cryptocurrency traded as actual | No | No |
| Cryptocurrency traded as CFD | No | No |
Cost
80 % 100 %| Cost | Interactive brokers | BlackBull Markets |
|---|---|---|
| Average Spread EUR/USD *The value is indicative from the broker's website. The spread amount is variable. | 1 | 0.76 |
| Deposit from | 10 | 200 |
| Account fee | No | No |
| Inactivity fee | Yes | No |
| Active Trader or VIP Discounts | No | No |
| Withdrawal fees | No | No |
| Deposit fees | No | No |
Trading app
29 % 29 %| Trading app | Interactive brokers | BlackBull Markets |
|---|---|---|
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | No |
| Social Trading / Copy-Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Currenex | No | No |
| cTrader | No | No |
Trading Tools
100 % 70 %| Trading Tools | Interactive brokers | BlackBull Markets |
|---|---|---|
| Financial leverage | Yes | Yes |
| Virtual Trading (Demo) | Yes | Yes |
| Alerts – Basic Fields | Yes | Yes |
| Charting – Indicators / Studies (Total) | Yes | Yes |
| Charting – Drawing Tools (Total) | Yes | Yes |
| Charting – Trade From Chart | Yes | Yes |
| Stop-Loss | Yes | No |
| Finacial Calendar | Yes | No |
| Daily financial news | Yes | No |
| Order Type – Trailing Stop | Yes | Yes |
Research
83 % 17 %| Research | Interactive brokers | BlackBull Markets |
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Weekly Webinars | Yes | No |
| Social Sentiment – Currency Pairs | No | No |
| Economic Calendar | Yes | No |
| Research | Yes | No |
Education
100 % 33 %| Education | Interactive brokers | BlackBull Markets |
|---|---|---|
| Has Education – Forex | Yes | Yes |
| Has Education – CFDs | Yes | Yes |
| Client Webinars | Yes | No |
| Videos – Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
| Education | Yes | No |
Forex
100 % 100 %| Forex | Interactive brokers | BlackBull Markets |
|---|---|---|
| GBP/USD | Yes | Yes |
| USD/JPY | Yes | Yes |
| EUR/USD | Yes | Yes |
| USD/CHF | Yes | Yes |
| USD/CAD | Yes | Yes |
| NZD/USD | Yes | Yes |
| AUD/USD | Yes | Yes |
Commodities
100 % 36 %| Commodities | Interactive brokers | BlackBull Markets |
|---|---|---|
| Gold | Yes | Yes |
| Silver | Yes | Yes |
| WIT Oil | Yes | Yes |
| Brent Oil | Yes | Yes |
| Coffee | Yes | No |
| Cocoa | Yes | No |
| Soybeans | Yes | No |
| Rice | Yes | No |
| Corn | Yes | No |
| Platinum | Yes | No |
| Palladium | Yes | No |
Indicies
100 % 100 %| Indicies | Interactive brokers | BlackBull Markets |
|---|---|---|
| DAX 40 | Yes | Yes |
| S&P 500 | Yes | Yes |
| Nasdaq | Yes | Yes |
| Dow Jones | Yes | Yes |
| Nikkei | Yes | Yes |
Cryptocurrencies
0 % 0 %| Cryptocurrencies | Interactive brokers | BlackBull Markets |
|---|---|---|
| Bitcoin | No | No |
| Litecoin | No | No |
| Ethereum | No | No |
| Ripple | No | No |
| Neo | No | No |
| Stellar | No | No |
| Cardano | No | No |
| Tron | No | No |
| Monero | No | No |
| EOS | No | No |
Regulations
17 % 0 %| Regulations | Interactive brokers | BlackBull Markets |
|---|---|---|
| Cysec | No | No |
| ASIC (Australia) | No | No |
| FCA (UK) | No | No |
| Authorised in the European Union (EU) | Yes | No |
| CFTC Registered (USA) | No | No |
| FINMA (Switzerland) | No | No |
Support
100 % 100 %| Support | Interactive brokers | BlackBull Markets |
|---|---|---|
| Chat | Yes | Yes |
| Phone | Yes | Yes |
| Yes | Yes |
Overall
50 % 29 %| Overall | Interactive brokers | BlackBull Markets |
|---|
Our Recommendations
Best for Interactive brokers
Thanks to comprehensive educational materials and a user-friendly platform, Interactive brokers is an ideal choice for new traders.
Best Platform
Both brokers offer excellent trading platforms with similar features and user-friendliness.
Lowest Costs BlackBull Markets
offers competitive spreads and lower fees, making it ideal for active traders.
Interactive brokers BlackBull Markets