Forex traders always look for trading with brokers that suit their trading needs and preferences. BlackBull Markets and EagleFX are online forex brokers that offer their trading services to traders and investors. BlackBull Markets is a highly regulated and trusted forex broker. It is regulated in two tier-1 jurisdictions, and one tier-4 jurisdictions. On the other hand, EagleFX is an offshore forex broker which is not regulated by any regulatory bodies.
In this article, we will review and compare the brokerage services offered by BlackBull Markets and EagleFX. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.
BlackBull Markets
Founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman, BlackBull is a forex and CFD broker that 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. To learn more about Blackbull Markets, you can read our review where we have covered features, pros, cons, and more.
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
EagleFX
Founded in 2020, EagleFX is a forex and CFD broker offering online trading services globally. It is an unregulated offshore forex and CFD broker that operates without regulatory oversight. The broker offers over 200 forex and CFD instruments through the MT4 platform and allows various trading strategies, including scalping, hedging, and news trading.
EagleFX provides access to institutional-grade liquidity through partnerships with multiple liquidity providers. This setup helps traders access tight spreads and competitive pricing. The broker uses a Straight Through Processing (STP) model, ensuring trades are executed without a dealing desk, re-quotes, or price manipulation. Orders are aggregated and matched with the best available rates in fractions of a second.
EagleFX allows crypto deposits and withdrawals without extra fees. It offers 24/7 customer support through live chat, email, and phone. However, traders should understand the risks of using an offshore broker without investor protection.
- Founded In: 2019
- Minimum Deposit: $10
- Maximum Leverage: 500:1
- Regulations: None
- Trading platform: MT4 , Webtrader
- Account Types:
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin
- US Traders: Currently Not Accepted. However, Old traders can still trade.
BlackBull Markets vs : EagleFX Features
BlackBull Markets
- Trading Instruments: 26000+ trading instruments in 80 markets including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,
- Maximum leverage: up to 1:500
- Minimum Deposit: $0 for standard, $2000 for Prime, $20,000 for Institutional account
- Account Types: Offers 3 account types including ECN standard, ECN Prime, and ECN institutional.
- Fees: starting from 0.8 pips for a standard account, (0.1 pips + $6) per lot for an ECN Prime Account, and (0.0 Pips +$4) for an Institutional account.
- PAMM/ MAM: Yes,
- Zulutrade: Yes
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
EagleFX
- Trading Instruments: 100+ instruments including Forex, commodities, stocks, indices, futures, and cryptocurrencies
- Trading Platforms: Mt4, Webtrader
- Minimum Deposit: $10(BTC), $50 Credit or Debit card, Bank wire transfer,
- Maximum Leverage: 1:500
- Trading Fees: Commission $6 round turn per lot. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 1000 Lots
- Funding Currencies: Credit/Debit Card and Wire Transfer
- Trading Style Allowed: All including Scalping, hedging, News trading, and EA Trading.
- PAMM/ MAM: Available
- Stop Out Level (retail): 70%
- Margin Call Level: 100%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
- Applicable For: Applicable to traders of all jurisdictions.
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
BlackBull Markets vs EagleFX: Side By Side Comparison
BlackBull Markets vs EagleFX: Pros and Cons
BlackBull Markets Pros & Cons
- 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.
- 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
EagleFX Pros & Cons
- The maximum leverage is as high as 1:500
- The minimum deposit is as low as $10
- Scalping Hedging, News trading, and the use of trading robots are allowed
- Speedy STP trade executions in less than a second.
- Over 150 trading instruments can be traded on the platforms.
- Offers free demo accounts
- The round-turn commission is $6, which is low and competitive compared to others.
- Zero Fees on Deposit and Withdrawal
- Offers Crypto CFD Trading
- The broker is not regulated
- No investor protection scheme for traders
- No managed accounts, social trading, or any provision for investors.
- Limited Deposit and Withdrawal Options
- Ctrader, Zulutrade, and Tradingview are not available
- There are no educational resources
BlackBull Markets Vs EagleFX: Our Scores and Ratings
We rated both brokers, BlackBull Markets and EagleFX, 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:
EagleFX
Final Verdict :
Both BlackBull Markets and EagleFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. BlackBull Markets is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FMA, FSA -S, and FSPR. On the other hand, EagleFX is an unregulated offshore forex broker. BlackBull Markets provides Multiple trading platforms including TradingView, cTrader, MetaTrader 5,MetaTrader 4, MetaTrader Web Trader,BlackBull CopyTrader,BlackBull Shares,BlackBull Trade. On the Contrary, EagleFx offers MT4.
As BlackBull Markets is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, EagleFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for BlackBull Markets, while US traders looking for offshore forex brokers may consider EagleFX. Trading with offshore forex brokers is risky and not recommended.
