BlackBull Markets Vs. OvalX - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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.

OvalX (formerly ETX Capital) offers 60 currency pairs and a wide selection of equities for the beginning and experienced investors with no deposit and withdrawal fees.

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

• Forex traders for variety of currencies and high net worth equities
• Traders seeking commission free equities inside their 250 commission-less selection
• Traders who want to trade commodity futures and bonds 

• FMA (New Zealand)
• FSAS (Seychelles)

• FCA (UK)
• FSCA (South Africa)
• CySec (Cyprus)

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

• Commission-free trades for 250 equities
• Low minimum deposit to open standard account (100£)
• Wide selection of commodity futures and bonds
• Decent educational material for market research, including seminars on indices, commodities and currencies

• 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

• Doesn’t provide live news feed on standard account
• No ability to purchase real stocks or ETFs (All assets are CFDs)
• Expensive commissions on shares (Eg minimum $15 on US shares, 10 € on EU shares)

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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
• Maestro
• Skrill
• UnionPay
• Bank Transfer

US, CA, SY, IR.

US, BE, CN, SG, CH.

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.

Depending on asset class. (Eg: U.S shares have a 2 cents per share charge with a minimum of $15 per order, European shares have a 0.1% of transaction value charge with a minimum 10 € charge)