BlackBull Markets
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74-89% of retail CFD accounts lose money.

Vs.

MultiBank
Visit

74-89% of retail CFD accounts lose money.

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

Updated Jan 12 2023

Visit

74-89% of retail CFD accounts lose money.

Visit

74-89% 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.

MultiBank (MultiBank FX, MultiBank Group) is a global broker founded in 2005 that specialises in CFDs trading via MetaTrader 4 and 5 platforms.

Best For
  • Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
  • Traders looking for an off-shore broker connected to a well regulated parent group that provides high leverage
  • Stock CFDs traders looking for wide share variety
  • FX Traders that don’t scalp and are looking for competitive ECN accounts
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

4

Other Licenses

4

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FMA (New Zealand)
  • FSAS (Seychelles)
  • ASIC (Australia)
  • BaFin (Germany)
  • CIMA (Cayman Islands)
  • FSC (British Virgin Islands)
  • FMA (Austria)
  • MAS (Singapore)
  • TFG (Tianjin)
  • VFSC (Vanuatu)
The Good
  • Competitive spreads in their ECN Prime account (From 0.1 Pips)
  • Wide variety of platforms (MT4, MT5, TradingView and IBKR)
  • Over 23,000 + shares
  • Great asset variety (over 13,000+)
  • Competitive commissions on Pro and ECN accounts ($3 per lot side)
  • High leverage offering (Up to 1:500)
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
  • Complicated legal regulatory framework due to being a group as it’s hard to understand which of their companies do what and on which entity does a customer trade or is being protected by regulation
  • Scalping not allowed (120 seconds time limit for FX and commodities and 300 second limit for other CFDs)
  • Expensive inactivity fee, $60 monthly after 90 days of inactivity.
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

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 2005
💳 Minimum Deposit Range
From $50 to $2,000 From $50 to $5,000
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • FasaPay
  • China UnionPay
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
  • PayTrust
  • Praxis
  • Pagsmile
  • Skrill
  • Neteller
  • Plus Wallets
  • Payment Asia
  • GlobePay
  • POLi
  • Bitcoin
💵 Account Base Currencies
9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD. 17 - USD, EUR, AUD, AED, GBP, CHF, CAD, MYR, THB,VND, IDR, BRL, MXN, CLP, PEN, GTQ, NIO.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR.

US, CA, SY, IR.

📊 STP Account
No No
📊 DMA Account
No No
📊 ECN Account
No Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
23,092 13,925
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
23,000 12,825
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
64 41
📗 Commodities
0 0
📗 Commodities CFDs
15 21
📕 Indices
0 0
📕 Indices CFDs
13 27
📔 ETFs
0 0
📔 ETFs CFDs
0 1,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
0 11
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable 1 Share
📉 Minimum ETFs Trade Size
Unavailable 1 ETF
📈 Minimum Crypto Trade Size
Unavailable $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Unavailable $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
500 500
💪 Professional Leverage
Unavailable Unavailable
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
None

After 90 days of inactivity, $60 every month.

💰 Deposit Fees
None None
💰 Withdrawal Fees

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

None
💰 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.

  • None on Standard accounts.
  • Yes in Pro and ECN accounts of $3 per lot side.
Spreads
📈 EUR/USD
From 0.4 Pips to 1.61 Pips Dynamic - From 0.1 to 1.2 Pips
📉 SP500
From 5.5 Pips Dynamic - From 2 to 50 Pips
📈 GOLD
From 16 Pips Dynamic - From 2 to 50 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Unavailable
📈 XLK (ETF - CFD)
Dynamic - Market Spread Unavailable
📉 BTC
Unavailable Unavailable
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
Yes No
📡 Video Tutorials
No No
📡 Account Management
Yes Yes
📡 Webinars
No No