FP Markets versus BlackBull Markets

Traders at BlackBull Markets get a low-cost ECN/NDD environment with deep liquidity. The core MT4/MT5 platforms receive an upgrade via the Autochartist plugin, BlackBull Markets also offers the TradingView platform. Beginners get a quality educational section, and actionable trading signals are available for a monthly fee. BlackBull Markets also offers FIX API trading, the TradingView community, ZuluTrade, Myfxbook Autotrade, and HokoCloud.

We have conducted an in-depth review of BlackBull Markets and FP Markets to determine which presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsBlackBull Markets (visit site)FP Markets (visit site)
Headquarter:New ZealandAustralia
Established :
20142005
Retail Loss Rate:
Undisclosed75.31%
Regulation:
Minimum Deposit:
$0$100
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
NoNo
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
$5 + Third-PartyThird-Party
Funding Methods:
621
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Excellent equity selectionVPS Hosting
Unique Feature Two:
FIX API TradingMT4/MT5 plugins + Autochartist
Broker Offers:

Noteworthy:

BlackBull Markets and FP Markets offer VPS hosting, supporting algorithmic traders requiring uninterrupted market access. Both brokers offer scalpers and high-frequency traders a competitive environment with excellent low-latency order execution.

Available Markets

Available MarketsBlackBull MarketsFP Markets
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:5001:500
Maximum Pro Leverage:
1:5001:500

Traders at BlackBull Markets get 23,000+ equity CFDs and the underlying physical asset from 80+ global stock exchanges, placing it among the Top 5 brokers industry wide. FP Markets provides traders with a respectable 10,000+ assets through its Iress platform and 1,000+ in MT5. Forex traders get 60+ currency pairs at both brokers.

Typical Spreads and Fees

Typical Spreads & FeesBlackBull MarketsFP Markets
Minimum Raw Spreads:
0.0 pips0.0 pips
Minimum Standard Spreads:
0.8 pips1.0 pips
Minimum Commission for Forex:
$1.50 - $6.00 per round lot$6.00 per round lot
Commission for Equities:
Minimum of $2.000.10% with $10 minimum
Rebates:
NoNo
Execution Type:
ECN/NDDNo Dealing Desk (NDD)

Trading costs are cheaper at BlackBull Markets across the board, including equity trading. Commission-free accounts show minimum Forex costs of $8.00 per lot versus $10.00 at FP Markets. The commission-based alternative costs between $1.50 and $6.00 and $6.00, respectively.

Security and Trust

FP Markets

Country of the RegulatorName of the RegulatorLicense Number
Australia
Australian Securities & Investments Commission286354
St. Vincent and the Grenadines
Financial Services AuthorityUnregulated
Cyprus
Cyprus Securities and Exchange Commission371/18

BlackBull Markets

Country of the RegulatorName of the RegulatorLicense Number
New Zealand
Financial Markets AuthorityFSP403326
Seychelles
Financial Services AuthoritySD045

Segregation of client deposits from corporate funds and negative balance protection applies at both brokers. Most international clients at FP Markets will trade with the unregulated but duly registered St. Vincent and the Grenadines subsidiary. FP Markets has more experience, but both brokers offer equally secure and trustworthy environments with clean track records.

FP Markets vs BlackBull Markets – Verdict

FP Markets

ProsCons
Choice of trading platforms and auxiliarytrading tools Availability of Iress geographically restricted
Very competitive cost structure and excellent asset selection
Low minimum deposit requirement and leverage of up to 1:500
Well-regulated and trustworthy

BlackBull Markets

ProsCons
ECN/NDD execution model with deep liquidity Limited deposit options
Institution-grade pricing for retail traders via proprietary price aggregation
ZuluTrade and Myfxbook for social trading
Leverage of up to 1:500

BlackBull Markets remains one of the most competitive multi-asset brokers with an industry-leading asset selection and ultra-low trading costs. Deep liquidity, high leverage, and excellent low-latency order execution exist at both brokers alike. FP Markets takes the overall lead due to a better upgrade for MT4/MT5 and its proprietary social trading service. It also provides research for free versus a paid-for monthly subscription at BlackBull Markets and maintains the MAM/PAMM module.

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