BlackBull Markets vs. Exness [year]
Exness and BlackBull Markets Comparison: Which Broker Should You Choose?
BlackBull Markets and Exness are leading global Forex brokers, but which one should you trust your Forex portfolios with?
I have conducted an in-depth review of BlackBull Markets verses Exness to determine which presents the better overall choice and which will best benefit different types of traders.
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Headquarters | New Zealand | Cyprus |
Regulators | FMA, FSA | CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2014 | 2008 |
Execution Type(s) | ECN/STP, No Dealing Desk | Market Maker |
Minimum Deposit | $0 | $10 (based on the account type) |
Negative Balance Protection | ||
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Trading View | MetaTrader 4, MetaTrader 5, Proprietary platform |
Average Trading Cost EUR/USD | 1.3 pips | 0.6 pips |
Average Trading Cost GBP/USD | 2.0 pips | 0.7 pips |
Average Trading Cost WTI Crude Oil | $0.03 | 1.7 pips |
Average Trading Cost Gold | $0.90 | 12.5 pips |
Retail Loss Rate | Undisclosed | Undisclosed |
Minimum Raw Spreads | 0.0 pips | 0.0 pips |
Minimum Standard Spreads | 0.8 pips | 0.3 pips |
Minimum Commission for Forex | $6.00 per round lot | $7.00 per 1.0 standard round lot |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Get Started | Get Started |
A Snapshot of the Most Notable Advantages of BlackBull Markets
- Cutting-edge ECN trading environment
- Ultra-low trading fees
- Industry-leading asset selection, including 200 currency pairs.
- Superb choice of trading platforms and copy trading solutions.
- Quality research and education for beginner traders
- 24/7 customer support
- Segregated client accounts within ANZ Bank in New Zealand.
- Low-latency 24/5 Forex trading via VPS hosting and API trading.
A Snapshot of the Most Notable Advantages of Exness
- Ultra-low trading fees
- Swap-free trading on all Forex majors, most Forex minors, gold, crypto, and indices.
- $4+ trillion in monthly trading volume.
- 1.9 billion executed trades in 2023.
- 700,000 active traders
- 64,000+ partners
- Instant withdrawals
- VPS hosting and API trading
Features & Platforms
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MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Get Started | Get Started |
Available Markets
| | |
Currency Pairs | ||
Cryptocurrencies | ||
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks | N/A | |
Stocks (non-CFDs) | ||
Bonds | ||
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Get Started | Get Started |
Both brokers offer an equal choice of cryptocurrency CFDs, but here is why BlackBull Markets is a better choice for most traders:
- 26,000+ assets across 80+ markets
- 200 currency pairs
- ETF trading
- Deep liquidity
- Average order execution speed under 20 milliseconds.
- Equinix servers in New York (NY4), London (LD5), and Tokyo (TY3).
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | 1.3 pips | 0.6 pips |
Average Trading Cost GBP/USD | 2.0 pips | 0.7 pips |
Average Trading Cost WTI Crude Oil | $0.03 | 1.7 pips |
Average Trading Cost Gold | $0.90 | 12.5 pips |
Average Trading Cost Bitcoin | $131 | 206.7 pips |
Minimum Raw Spreads | 0.0 pips | 0.0 pips |
Minimum Standard Spreads | 0.8 pips | 0.3 pips |
Minimum Commission for Forex | $6.00 per round lot | $7.00 per 1.0 standard round lot |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | No | No |
| Get Started | Get Started |
Both brokers offer commission-free and commission-based trading fees, but which one is cheaper?
Exness has lower minimum commission-free and commission-based Forex trading fees, but BlackBull Markets has cheaper overall trading fees, especially for traders with $20,000+ portfolios.
Account Types
BlackBull Markets and Exness offer traders low-cost commission-based account types, demo accounts, and swap-free Islamic accounts.
Are there any other noteworthy differences in the account structure between BlackBull Markets and Exness?
What Stands Out the Most
- BlackBull Markets has more copy-trading providers.
- BlackBull Markets has 66+ liquidity providers.
- Exness has lower trading fees, resulting in more profits per trade using identical trading volumes and strategies.
Minimum Deposit
How Difficult Is It to Deposit at Blackbull Markets and Exness?
Both brokers waive a minimum deposit requirement, granting traders flexibility, but the better-priced account types require a minimum deposit of between $2,000 and $20,000 at BlackBull Markets and $500 at Exness.
BlackBull Markets offers more payment processors, but Exness supports more deposit currencies. Both brokers maintain a safe and secure deposit infrastructure.
Minimum Withdrawal
Which Withdrawal Process Is Better: Blackbull Markets or Exness?
BlackBull Markets charges a withdrawal flat fee of $5, which does not apply at Exness, making the latter a cheaper option. Both brokers have fast withdrawal processing times, but Exness has no manual approval, granting it an edge.
Security & Trust
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Country of the Regulator | New Zealand, Seychelles | Cyprus, Kenya, Mauritius, Seychelles, United Kingdom, British Virgin Islands, South Africa, Curaçao |
Name of the Regulator | FMA, FSA | CBSC, CMA, CySEC, FCA, FSA, FSC Belize, FSC Mauritius, FSCA |
Regulatory License Number | 403326, SD045 | SD025, 0003LSI, SIBA/L/20/1133, 51024, GB20025294, 178/12, 730729, 162 |
| Get Started | Get Started |
Which Broker Is More Secure and Trustworthy?
BlackBull Markets and Exness segregate client deposits from corporate funds, offer negative balance protection with automatic close-outs, and have an excellent operational track record spanning 10+ years. Therefore, I rank both brokers on par in security and trust.
Broker versus Broker Verdict
Which Forex Broker Is Better?
BlackBull Markets and Exness are well-established Forex brokers with cutting-edge trading infrastructures. Both brokers support algorithmic trading, have VPS hosting for low-latency 24/5 Forex trading, and offer API trading.
My Verdict
While Exness maintains an edge in trading fees, BlackBull Markets is the better overall choice due to its trading platform choices, copy trading providers, and asset selection.
FAQs
What is the main difference between BlackBull Markets and Exness?
The main difference between BlackBull Markets and Exness is the asset selection.
Which is the better broker for beginner traders?
Since Exness does not cater to beginners, BlackBull Markets is the better choice.
Which is better: Exness or BlackBull Markets?
Exness has an edge in trading fees, but both brokers rank among the cheapest industry-wide, with BlackBull Markets taking the overall lead due to its trading environment, including trading platform choices, asset selection, copy trading providers, and beginner resources.
Who are Exness' competitors?
Five primary Exness competitors are Robo Forex, IC Markets, Pepperstone, Eightcap, and FXTM.
Who are BlackBull Markets' competitors?
Five primary Black Bull Markets competitors are Saxo Bank, Interactive Brokers, CMC Markets, IG Markets, and IC Markets.