BlackBull Markets vs CMC Markets | Fees, Features, Safety & More for 2024

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BlackBull Markets and CMC Markets are online Forex and CFD brokers that offer trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. BlackBull Markets is regulated by two tier-1 jurisdictions, and one tier-4 jurisdictions including FMA, FSA -S, and FSPR. On the other hand, CMC Markets is regulated in five tier-1 jurisdictions, including FCA, MAS, ASIC, IIROC, FMA.  These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare and contrast BlackBull Markets with CMC Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if BlackBull Markets is better than CMC Markets and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

BlackBull Markets

Michael Walker and Selwyn Loekman founded BlackBull in 2014 in Auckland, New Zealand. BlackBull enables the trading of over 26,000 instruments including forex, CFDs, real stocks and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Social trading is through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided.  

Risk warning: 74-89% of retail traders lose money

Blackbull Markets Overview

Blackbull Markets  Overview
  • Founded In: 2014
  • Founder: Michael Walker and Selwyn Loekman
  • Trading Instruments: 26000+ trading instruments including Forex, Equities, Commodities (Energies, agriculture, and Metals), Futures, Indices
  • Minimum Deposit: between $0 and $20,000 ( $0 for Standard, $2000 for Prime, $20,000 for Institutional Accounts) 
  • Maximum Leverage: upto 1:500
  • Regulations: FMA ,FSA
  • Trading platform: MT4,MT5, Ctrader, Tradingview
  • Trading Tools: Trading Tools: VPS, Zulutrade, Myfxbook,  Calculators,
  • Trading Fees: starting from 0.8 pips spreads for Standard account, 0.1 pips spread+$4 per lot for Price account, Spreads 0.0 + $4 per lot for Institutional Account.  
  • Account Types: Standard, Prime, Institutional
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Cryptocurrency, FasaPay, Neteller, Skrill, UnionPay
  • US Traders: Not Accepted

CMC Markets

CMC Markets Overview
  • Founded In: 1989
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations: ASIC
  • Trading platform: MT4 , Share trading platforms
  • Account Types: SPREAD BETTING, Fx Active, CFD Trading
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
  • US Traders: Not Accept

BlackBull Markets vs CMC Markets: Side By Side Comparison

BlackBull Markets
CMC Markets
Product
Founded In
Founded In
2014
1989
Founded By
Founded By
Michael Walker and Selwyn Loekman
Peter Andrew Cruddas, Baron Cruddas
Headquarters
Headquarters
Auckland, New Zealand
London, United Kingdom
Regulations
Regulations
FMA , FSA
FCA, MAS, ASIC
Min Deposit
Min Deposit
None
None
Max Leverage
Max Leverage
500:1
1:500
Tradable Assets
Tradable Assets
Forex ,Share, CFDs and Commodities
Forex , Indices, Share &ETFs, Commodities ,Cryptocurrencies, Treasuries
Fees
Fees
Spread from 0.8 pips, commissions $6/round lot
Spread from 0.5 pips on majors
Platforms and Tools
Platforms and Tools
MT4,MT5, Ctrader ,Tradingview
MT4 , Share trading platforms
US Traders
US Traders
Not Allowed
Not Allow

BlackBull Markets vs CMC Markets: Pros and Cons

BlackBull Markets Pros & Cons

Pros
  • Regulated by  FMA, FSPR, FSP, FSA-S
  • Founded in New Zealand and operating globally
  • Professional and Retail Trading options 
  • No Minimum Deposit Requirement ($0) 
  • The Maximum Leverage is as  high as 1:500
  • Allow Scalping, News Trading, EA/Robot Trading 
  • Offers Multiple Trading platforms including MT4, MT5, WebTrader, TradingView
  • Supports multiple third-party copy trading platforms, such as ZuluTrade, Duplitrade, and Myfxbook.
Cons
  • BlackBull lacks additional Tier-1 regulatory licenses outside of New Zealand.
  • $2,000 minimum deposit for Prime Account
  • The Ctrader platform is not offered 
  • Withdrawal fees 
  • Limited Research Tools 
  • Not very diverse range of tradable assets

CMC Markets Pros & Cons

Pros
  • Regulated by FCA, ASIC, IIROC, MAS, FMA
  • Founded in 1989, CMC Markets is publicly traded company
  • The minimum deposit is as low as $1 
  • Comparatively low spread starting from 0.7 pips
  • Allows news trading, EA/Robot trading
  • Extensive range of tradable assets 
  • Excellent education and research resources
Cons
  • Offered only MT4, no MT5, cTrader trading platforms 
  • Maximum leverage is only 1:300
  •  No passive investment programme or social trading platforms ( No PAMM, MAM accounts) 
  •  Does not accept US clients
  • Only CFD Trading 
  • High CFD spreads for certain Indices 
  • Spread betting only for UK residents

BlackBull Markets Vs CMC Market: Our Scores and Ratings

We rated both brokers, BlackBull Markets and CMC Market, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

BlackBull Markets:

9
Just Markets Score
Regulation and Security (40%)9
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)9.5
Trading Education (5%)8

CMC Market

9.0
CMC Markets Score
Regulation and Security (40%)9.7
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)9.5
Trading Education (5%)9

Final Verdict :

BlackBull Markets and CMC Markets are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for BlackBull Markets is $0, whereas the minimum deposit for CMC Markets is $0. Additionally, the maximum leverage for the BlackBull Markets is 500:1. On the other hand, the maximum leverage for CMC Markets is 300:1. 

Our score for BlackBull Markets is 8.2, and for CMC Markets, it is 9.0 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose BlackBull Markets. However, If you prefer another broker with similar services, you may choose  CMC Markets.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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