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


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.	Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.
Best For
Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips	Traditional equity investors looking for a broad range of markets Experienced traders looking to benefit from their amazing research tools
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 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
FMA (New Zealand) FSAS (Seychelles)	FCA (UK) ADGM (United Arab Emirates) FINMA (Switzerland) MFSA (Malta) HKMA (Hong Kong)
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	Outstanding asset offering with more than 60 exchanges across the world Amazing research and analysis tools for all trader levels Thematic investments with preconfigured product baskets Offers banking services along with debit card
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	Their proprietary platform lacks many features and is not user friendly Their commissions are extremely high Overall everything feels complicated to use
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	1996
💳 Minimum Deposit Range
From $50 to $2,000	0
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller FasaPay China UnionPay Skrill	Visa Mastercard Bank Transfer
💵 Account Base Currencies
9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.	21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, JP, SY, IR.
📊 STP Account
No	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	Yes
Banking License
No	Yes
Debit Card
No	Yes
Assets
📚 Assets Type
CFDs	Hybrid
Total Asset Offering
23,092	175,533
Exchange Access
0	60
📙 Real Stocks
0	100,000
📙 Stock CFDs
23,000	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
64	80
📗 Commodities
0	0
📗 Commodities CFDs
15	12
📕 Indices
0	0
📕 Indices CFDs
13	26
📔 ETFs
0	1,400
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
0	12
📒 Bonds
0	54,000
📒 Bonds CFDs
0	3
📓 Options
0	10,000
📓 Options CFDs
0	0
📗 Futures
0	10,000
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	From $50
📉 Minimum ETFs Trade Size
Unavailable	From $50
📈 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	From $50
📉 Minimum Bonds Trade Size
Unavailable	From $50
📈 Minimum Futures Trade Size
Unavailable	From $50
📉 Minimum Options Trade Size
Unavailable	From $50
💪 Retail Leverage
500	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	Yes
💻 Proprietary Platform
Yes	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
None	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.	$10 per withdrawal.
💰 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.	For CFDs there are no commissions as the spreads are the cost. For other assets from $9 up to $210 based on transaction volume and depending on the exchange.
Spreads
📈 EUR/USD
From 0.4 Pips to 1.61 Pips	Dynamic - From 0 to 1.3 Pips
📉 SP500
From 5.5 Pips	Dynamic - From 60 Pips
📈 GOLD
From 16 Pips	Unavailable
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Dynamic - Market Spread
📉 BTC
Unavailable	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	Yes
📡 Educational Content
Yes	Yes
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	Yes
📡 Account Management
Yes	No
📡 Webinars
No	No