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

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.

FP Markets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.

• Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips

• Professional traders looking for DMA pricing on their stocks
• Professional traders looking to set up a dedicated VPS
• High volume share traders that benefit from DMA pricing

• FMA (New Zealand)
• FSAS (Seychelles)

• ASIC (Australia)
• CySec (Cyprus)
• FSA (St. Vincent and the Grenadines)

• Competitive spreads in their ECN Prime account (From 0.1 Pips)
• Wide variety of platforms (MT4, MT5, TradingView and IBKR)
• Over 23,000 + shares

• Customisable or removable leverage
• Broad asset offering (10,000 +)
• Competitive forex commissions

• 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

• No ETFs are offered
• Stock trading commissions are expensive when compared to similar brokers
• Website is slow and confusing
• Fees for the majority of deposit and withdrawal methods

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• 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.

• Visa
• Mastercard
• Bank Transfer
• Neteller
• FasaPay
• China UnionPay
• Skrill

• Visa
• Mastercard
• Bank Transfer
• Paypal
• Neteller
• Skrill
• FasaPay
• PayTrust
• China Union Pay
• Bpay
• Broker to broker
• Sticpay
• Plusdebit
• Rupee Payments
• Dragonpay
• Perfect Money
• Paylivre
• Rapyd
• Finrax
• Fairpay

• CFDs on shares, currencies, indices, commodities and cryptocurrencies.

CFDs on stocks, currencies, commodities, cryptocurrencies and indices

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

• 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.

Commissions vary as follows:

• Standard account has none
• Raw account has a $3 per lot commission
• For IRESS accounts there are various commission structures ranging from 0.1% to 0.08% with a minimum $10 charge.