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Written by ForexBrokers.com
August 29, 2023
Is Interactive Brokers better than BlackBull Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, Interactive Brokers is considered Highly Trusted, with an overall Trust Score of 99 out of 99. BlackBull Markets is considered Average Risk, with an overall Trust Score of 77 out of 99. Learn more about Trust Score.
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Overall Rating | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Overall Ratinginfo | |||
Commissions & Fees | |||
Offering of Investments | |||
Platform & Tools | |||
Mobile Trading | |||
Research | |||
Education | |||
Trust Scoreinfo | 99 | 77 | |
Winner | check_circle | ||
Review | Interactive Brokers Review | BlackBull Markets Review |
Broker Screenshots | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Trading Platforms Gallery (click to expand)info |
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Mobile Trading Gallery (click to expand)info |
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Research Gallery (click to expand)info |
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Education Gallery (click to expand)info |
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Regulation | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Trust Scoreinfo | 99 | 77 | |
Year Foundedinfo | 1977 | 2014 | |
Publicly Traded (Listed)info | Yes | No | |
Bankinfo | No | No | |
Regulated in one or more EU or EEA countries (MiFID).info | Yes info | No info | |
Tier-1 Licensesinfo | 9 | 1 | |
Tier-2 Licensesinfo | 1 | 0 | |
Tier-3 Licensesinfo | 0 | 0 | |
Tier-4 Licensesinfo | 0 | 1 |
Tier-1 Licenses (Highly Trusted) | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Australia (ASIC Authorised)info | Yes | No | |
Canada (CIRO Authorised)info | Yes | No | |
Hong Kong (SFC Authorised)info | Yes | No | |
Japan (SFC Authorised)info | Yes | No | |
Singapore (MAS Authorised)info | Yes | No | |
Switzerland (FINMA Authorised)info | No | No | |
United Kingdom (U.K.) (FCA Authorised)info | Yes | No | |
USA (CFTC Authorized)info | Yes | No | |
New Zealand (FMA Authorised)info | No | Yes | |
Regulated in one or more EU or EEA countries (MiFID).info | Yes info | No info |
Tier-2 Licenses (Trusted) | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Kenya (CMA Authorised)info | No | No | |
Israel (ISA Authorised)info | No | No | |
South Africa (FSCA Authorised)info | No | No | |
UAE (DFSA/Central Bank Authorised)info | No | No | |
India (SEBI Authorised)info | Yes | No | |
Jordan (JSC Authorised)info | No | No |
Investments | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Forex Trading (Spot or CFDs)info | Yes | Yes | |
Tradeable Symbols (Total)info | 8500 | 26000 | |
Forex Pairs (Total)info | 90 | 72 | |
U.S. Stock Trading (Non CFD)info | Yes | Yes | |
Int'l Stock Trading (Non CFD)info | Yes | Yes | |
Social Trading / Copy Tradinginfo | No | Yes | |
Cryptocurrency (Physical)info | Yes | No | |
Cryptocurrency (Derivative)info | No | Yes | |
Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Cost | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Average Spread EUR/USD - Standardinfo | 0.63 info | 0.827 info | |
All-in Cost EUR/USD - Activeinfo | 0.63 info | 0.827 info | |
Active Trader or VIP Discountsinfo | Yes | Yes | |
Inactivity Feeinfo | No | No | |
Execution: Agency Brokerinfo | Yes | No | |
Execution: Market Makerinfo | No | Yes |
Funding | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Minimum Depositinfo | $0 | $0 | |
PayPal (Deposit/Withdraw)info | No | No | |
Skrill (Deposit/Withdraw)info | No | Yes | |
Visa/Mastercard (Credit/Debit)info | No | Yes | |
Bank Wire (Deposit/Withdraw)info | Yes | Yes |
Trading Platforms | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Proprietary Platforminfo | Yes | No | |
Desktop Platform (Windows)info | Yes | Yes | |
Web Platforminfo | Yes | Yes | |
Social Trading / Copy Tradinginfo | No | Yes | |
MetaTrader 4 (MT4)info | No | Yes | |
MetaTrader 5 (MT5)info | No | Yes | |
cTraderinfo | No | Yes | |
DupliTradeinfo | No | No | |
ZuluTradeinfo | No | Yes |
Trading Tools | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Virtual Trading (Demo)info | Yes | Yes | |
Alerts - Basic Fieldsinfo | Yes | Yes | |
Watchlists - Total Fieldsinfo | 640 | 7 | |
Charting - Indicators / Studies (Total)info | 128 | 30 | |
Charting - Drawing Tools (Total)info | 6 | 15 | |
Charting - Trade From Chartinfo | Yes | Yes | |
Charts can be savedinfo | Yes | Yes |
Mobile Trading | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Android Appinfo | Yes | Yes | |
Apple iOS Appinfo | Yes | Yes | |
Mobile Alerts - Basic Fieldsinfo | Yes | Yes | |
Mobile Watchlistinfo | Yes | Yes | |
Watchlist Syncinginfo | Yes | Yes | |
Mobile Charting - Indicators / Studiesinfo | 70 | 30 | |
Mobile Charting - Draw Trendlinesinfo | Yes | Yes | |
Mobile Charting - Multiple Time Framesinfo | Yes | Yes | |
Mobile Charting - Drawings Autosaveinfo | No | Yes | |
Mobile Economic Calendarinfo | Yes | Yes |
Research | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Daily Market Commentaryinfo | Yes | Yes | |
Forex News (Top-Tier Sources)info | Yes | No | |
Autochartistinfo | No | Yes | |
Trading Central (Recognia)info | Yes | No | |
TipRanksinfo | Yes | No | |
Social Sentiment - Currency Pairsinfo | Yes | No | |
Economic Calendarinfo | Yes | Yes |
Education | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Education (Forex or CFDs)info | Yes | Yes | |
Client Webinarsinfo | Yes | Yes | |
Client Webinars (Archived)info | Yes | Yes | |
Videos - Beginner Trading Videosinfo | Yes | Yes | |
Videos - Advanced Trading Videosinfo | Yes | Yes | |
Investor Dictionary (Glossary)info | Yes | Yes |
Major Forex Pairs | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
GBP/USDinfo | Yes | Yes | |
USD/JPYinfo | Yes | Yes | |
EUR/USDinfo | Yes | Yes | |
USD/CHFinfo | Yes | Yes | |
USD/CADinfo | Yes | Yes | |
NZD/USDinfo | Yes | Yes | |
AUD/USDinfo | Yes | Yes | |
Review | Interactive Brokers Review | BlackBull Markets Review |
Overall | Interactive Brokers | BlackBull Markets | |
---|---|---|---|
Overall Ratinginfo | |||
Commissions & Fees | |||
Offering of Investments | |||
Platform & Tools | |||
Mobile Trading | |||
Research | |||
Education | |||
Trust Scoreinfo | 99 | 77 | |
Winner | check_circle | ||
Review | Interactive Brokers Review | BlackBull Markets Review |
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Interactive Brokers vs BlackBull Markets Comparison
We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare Interactive Brokers vs BlackBull Markets.
Can I trust Interactive Brokers?
Interactive Brokers is publicly traded, does not operate a bank, and is authorised by nine Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). Interactive Brokers is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Canadian Investment Regulatory Organization (CIRO), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.
Can I trust BlackBull Markets?
BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one Tier-1 regulators (Highly Trusted), zero Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). BlackBull Markets is authorised by the following Tier-1 regulators: Financial Markets Authority (FMA).
Is Interactive Brokers good?
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
Is BlackBull Markets good?
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
What is the minimum deposit requirement for opening an account with Interactive Brokers?
To open a trading account with Interactive Brokers, you'll need to make an initial minimum deposit of $0.
What is the minimum deposit requirement for opening an account with BlackBull Markets?
BlackBull Markets requires a minimum deposit of $0 before you can open an account and start trading.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Interactive Brokers offers Bank Wire (Deposit/Withdraw) for banking, whereas BlackBull Markets provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)
Does Interactive Brokers or BlackBull Markets offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Interactive Brokers offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is Interactive Brokers or BlackBull Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Interactive Brokers holds 9 global Tier-1 licenses, while BlackBull Markets holds 1. Interactive Brokers holds 1 global Tier-2 licenses, while BlackBull Markets holds 0.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Interactive Brokers (99) earned a higher Trust Score than BlackBull Markets (77).
Which trading platform is better: Interactive Brokers or BlackBull Markets?
To compare the trading platforms of both Interactive Brokers and BlackBull Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.
Here’s what trading platforms are available at Interactive Brokers:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - No
- MT5 - No
- ZuluTrade - No
- TradingView - Yes
Here’s what trading platforms are available at BlackBull Markets:
- Proprietary Platform - No
- Web Platform - Yes
- cTrader - Yes
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - Yes
- TradingView - Yes
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Neither broker offers Meta Trader. Forex traders also appreciate the ability to engage in social copy trading. Copy trading is not offered by either broker.
What can I trade with each broker?
Interactive Brokers provides traders 90 currency pairs (e.g., EUR/USD) compared to BlackBull Markets's 72 available pairs. If you are interested in trading CFDs, BlackBull Markets offers traders access to 26000 CFDs, while Interactive Brokers offers access to 8500 CFDs; so BlackBull Markets offers 17500 more CFDs than Interactive Brokers.
We found in our testing that Interactive Brokers offers a more diverse selection of investment options than BlackBull Markets, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Cryptocurrency (Physical). Neither have Spread Betting.
Overall winner: Interactive Brokers
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announcementPlease note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.