ThinkMarkets and BlackBull Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. ThinkMarkets is regulated by 8 regulatory authorities , including the ASIC, CySEC, FMA, JFSA, FSA-S, FSCA , FCA , DFSA.On the other hand, BlackBull Markets is regulated by 2 regulatory authorities , including the FMA, FSA-S. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare ThinkMarkets with BlackBull Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if ThinkMarkets is better than BlackBull Markets. This comparison lets you understand which broker is better for your trading style and preferences.
ThinkMarkets vs BlackBull Markets: In a Nutshell
ThinkMarkets
Founded in 2010 by Nauman and Faizan Anees, ThinkMarkets is an Australian-based forex and CFD broker that offers online trading services worldwide. The company has offices in London, Tokyo, Chicago, Melbourne, Limassol, Dubai, Sofia, and Johannesburg. On its MetaTrader and ThinkTrader platforms, clients can trade over 4,000 instruments. Real stock trading is available on the ThinkTrader app. Traders are supported with free VPS, Signal Centre, Dynamic leverage, Traders’ Gym, etc. To learn more about Think Markets, read our review on Think Markets
ThinkMarkets At a Glance
- Founded In: 2010
- Founder: Nauman and Faizan Anees
- Headquarters: London, England
- Minimum Deposit: $0 (Standard Account), $500 (ThinkZero account).
- Maximum Leverage: 1:500
- Regulations: ASIC, CySEC, FMA, JFSA, FSA-S, FSCA , FCA , DFSA
- Trading platform: MT5, ThinkTrader, ThinkCopy
- Account Types: Demo ,Standard Account, Think Zero, Mini Account
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Cryptocurrency, Neteller, PayPal, PayRetailers, Skrill
- US Clients : Not Accepted
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
ThinkMarkets vs: BlackBull Markets Features
ThinkMarkets
- Trading Instruments: 4000+ trading instruments including including forex, cryptocurrencies, shares CFDs, indices, metals, and commodities.
- Maximum leverage: The maximum leverage of ThinkMarkets is as high as 2000:1. Leverage may vary based on jurisdiction and tradable assets.
- Minimum Deposit: The minimum deposit is as low as $0. However, the minimum deposit varies based on account type. ( Standard account: $0, Mini Account: $10, ThinkZero Account: $500)
- Account Types: Three ( Standard account, ThinkZero Account, Mini Account)
- Trading Fees: Spread starting from 1 pip for Standard Account or Commission 3.00 to 3.50 per lot for Razor Account on a Single Trip.
- Trading Fees: Spreads start from 0.4 pips for the standard account (No commission), and 2.52 pips for the Mini Account (no commission). The ThinkZero account has a spread of 0.0 pips with a commission of $3.5 per lot per side.
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
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
ThinkMarkets vs BlackBull Markets: Pros and Cons
ThinkMarkets
- Regulated by ASIC, FCA, CySEC, JFSA, FSA-S, DFSA
- The minimum deposit is as low as $1
- The Maximum Leverage is as high as 2000:1
- Allows scalping, EA trading, Copy trading
- Offers social trading options PAMM, MAM Accounts
- Negative balance protections for EU, UK, and Australian clients
- Tight Spreads Starting From 0 pips
- MT4, MT5, and Thinktrader trading platforms are offered
- Only Forex and CFDs are offered (not real assets).
- There is no investment protection scheme for Global traders.
- Ctrader and TradingView are not offered.
- No bonuses or promotional offerings are available.
- Conditions may vary according to regulation and entity.
- Offshore Entity for international traders
BlackBull Markets
- 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
ThinkMarkets vs BlackBull Markets: Side-by-Side Comparison
ThinkMarkets Vs BlackBull Markets: Our Scores and Ratings
We rated both brokers, ThinkMarkets and BlackBull Markets, 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.
ThinkMarkets :
BlackBull Markets
Final Verdict :
ThinkMarkets and BlackBull Markets are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. 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 ThinkMarkets is $0., whereas the minimum deposit for BlackBull Markets is $0. Additionally, the maximum leverage for ThinkMarkets is 1:2000. In contrast, the maximum leverage for BlackBull Markets is 1:200 for retail traders, and 1:500 for Pro traders. ThinkMarkets offers passive investment programs like MAM and PAMM, while BlackBull Markets does not have any passive investment programs.
Our score for ThinkMarkets is 9.2, and for BlackBull Markets, it is 8.2 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose ThinkMarkets. However, if you prefer another forex brokers that offer similar services, you may choose BlackBull Markets.
