BlackBull Markets vs IronFX 2024

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).

IronFX is not publicly traded and does not operate a bank. IronFX is authorised by three tier-1 regulators (high trust), zero tier-2 regulators (average trust), zero tier-3 regulators (low trust), and one tier-4 regulator. IronFX is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

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.

IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where Iron FX has room to further improve as spreads appeared higher than the industry average.

To open a trading account with BlackBull Markets, you'll need to make an initial minimum deposit of $0.

IronFX requires a minimum deposit of $50 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both BlackBull Markets and IronFX offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

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 BlackBull Markets 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.

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 IronFX holds 3 global Tier-1 licenses, while BlackBull Markets holds 1. Both BlackBull Markets and IronFX hold 0 global Tier-2 licenses.

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 IronFX (83) earned a higher Trust Score than BlackBull Markets (78).

To compare the trading platforms of both BlackBull Markets and IronFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, BlackBull Markets offers a better experience. With research, BlackBull Markets offers superior market research. Finally, we found BlackBull Markets to provide better mobile trading apps.

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

Here’s what trading platforms are available at IronFX:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both BlackBull Markets and IronFX offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. BlackBull Markets and IronFX both offer copy trading.

IronFX provides traders 83 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 IronFX offers access to 340 CFDs; so BlackBull Markets offers 25660 more CFDs than IronFX.

We found in our testing that BlackBull Markets offers a more diverse selection of investment options than IronFX, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical) and Spread Betting.