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

eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.

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.

• New traders looking to use the copy trading feature
• Experienced traders looking to monetise their skills by gaining followers
• Passive investors looking to buy and hold shares with no commissions

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

• CySec (Cyprus)
• FCA (UK)
• ASIC (Australia)
• FSAS (Seychelles)

• FMA (New Zealand)
• FSAS (Seychelles)

• Social and Copy trading capabilities
• Trading real shares and cryptocurrencies

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

• Copy Trading statistics are not clear enough
• Lack of advanced order placement controls

• 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

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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
• Sofort
• Neteller
• Paypal
• Skrill

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

AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM.

US, CA, SY, IR.

After 12 months of inactivity, a $10 monthly inactivity fee will be charged.

Conversion fees apply.

$5 flat fee.

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

No commissions on real stocks and ETFs

• 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.