BlackBull Markets
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Vs.

AAATrade
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83.72% of retail CFD accounts lose money.

BlackBull Markets Vs. AAATrade - Compare and Choose the Right One

Updated May 13 2022

Visit

Your Capital is at risk.

Visit

83.72% of retail CFD accounts lose money.

Overview

BlackBull Markets is a global broker headquartered in New Zealand founded in 2014 that specialises in providing CFDs based on shares, commodities, currencies and indices.

AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.

Best For
  • Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
  • Beginner traders looking for a simple web and mobile platform to get started
  • Passive investors looking for real equity
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FMA (New Zealand)
  • FSAS (Seychelles)
  • CySec (Cyprus)
The Good
  • Competitive spreads in their ECN PRIME account (From 0.1 Pips)
  • MT4 & 5 platforms offered
  • Simple and friendly proprietary trading platform
  • Intuitive overview of account analytics
  • Wide variety of CFDs and real equities
The Bad
  • Their standard asset offering is very low (over 300 instruments)
  • Share trading requires a separate platform with a different onboarding
  • Commissions are above average and share trading fees are a mystery
  • Above-average FX spreads
  • High fees (depending on the deposit / withdrawal methods)
  • High deposit requirements for advanced services ($25,000 , $100,000)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2014 2013
💳 Minimum Deposit
$200 $500
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • FasaPay
  • China UnionPay
  • Skrill
  • Credit Card
  • Debit Card
  • Wire Transfer
  • Skrill
  • Neteller
  • FasaPay
  • UnionPay
  • Giropay
  • QIWI
  • Cryptocurrencies
💵 Account Base Currencies
9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD. 3 - USD, EUR, GBP.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, SY, IR. US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.
📊 STP Account
Yes Yes
📊 DMA Account
No Yes
📊 ECN Account
Yes No
Assets
📚 Available Assets
  • CFDs on shares, currencies, indices, commodities and cryptocurrencies.
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, cryptocurrencies, commodities, indices and futures.
📙 Stocks
23,000 + (Through a separate option which is hard to find) 1,000+
📘 Currency Pairs
64 80+
📗 Commodities
15 4
📕 Indices
13 12
📔 ETFs
N/A 5
💸 Cryptocurrencies
8 50+
📒 Bonds
N/A 4
📓 Options
N/A N/A
📗 Futures
N/A 7
📝 Notes:
All of BlackBull Markets assets are CFDs.

Almost all assets are CFDs, except for 45 blue chip stocks

Trading Experience
📈 Minimum Stock Trade Size
N/A 1 Share
📉 Minimum ETFs Trade Size
N/A 1 ETF
📈 Minimum Crypto Trade Size
N/A Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
N/A $1,000 (0.01 lots)
📉 Minimum Bonds Trade Size
N/A !00 Units
📈 Minimum Futures Trade Size
N/A $1,000 (0.01 lots)
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:200
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes (only for share trading) Yes
📱 Android App
Yes (only for share trading) Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes (MT4 & 5) Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes (only for share trading) Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
No

Yes, €15 after 3 months of inactivity.

💰 Deposit Fees
No

Yes, from 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.

💰 Withdrawal Fees

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

No for debit/credit card and e-payment. Wire transfer has a €10 fee.

💰 Commissions
  • ECN Standard has no fees.
  • ECN PRIME has a $6 commission per lot round turn

In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.

  • No commissions on novice accounts.
  • Commission free trading for stock ETFs on Experienced accounts
  • FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.
Spreads
📈 EUR/USD
From 0.4 Pips to 1.61 Pips Dynamic - From 2 Pips
📉 SP500
From 5.5 Pips Dynamic - From 50 Pips
📈 GOLD
From 16 Pips Dynamic - From 95 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $0.21
📈 XLK (ETF - CFD)
Dynamic - Market spread Dynamic - From $0.01
📉 BTC
N/A Dynamic - From $511
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes (Partial)
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes

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