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


Visit 74-89% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over 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.
Best For
Intermediate and Professional traders looking for different account offerings Experienced traders looking for trading platform variety	Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
IFSC (International Financial Services Commission of Belize)	FMA (New Zealand) FSAS (Seychelles)
The Good
Comprehensive asset offering with more than 13,000+ instruments Great platform variety (MT4, MT5, cTrader and their own proprietary platforms) Custom account types with spreads from 0 pips	Competitive spreads in their ECN Prime account (From 0.1 Pips) Wide variety of platforms (MT4, MT5, TradingView and IBKR) Over 23,000 + shares
The Bad
Weak regulatory framework (counting on 1 license from the IFSC) Doesn’t accept clients from the UK, EU and a few other countries	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
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
2009	2014
💳 Minimum Deposit
$10	From $50 to $2,000
💰 Payment Methods
Visa Mastercard JCB AstroPay Skrill Neteller Perfect Money AdvCash NganLuong Wallet Bank transfers (SEPA, local and several options per country)	Visa Mastercard Bank Transfer Neteller FasaPay China UnionPay Skrill
💵 Account Base Currencies
4 - USD, EUR, CNY, GOLD.	9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.	US, CA, SY, IR.
📊 STP Account
Yes	Yes
📊 DMA Account
No	No
📊 ECN Account
Yes	Yes
Assets
📚 Available Assets
CFDs on currencies, commodities, stocks, indices, ETFs and cryptocurrencies	CFDs on shares, currencies, indices, commodities and cryptocurrencies.
📙 Stocks
12,000+	23,000+
📘 Currency Pairs
40+	64
📗 Commodities
100+	15
📕 Indices
50+	13
📔 ETFs
1,000+	N/A
💸 Cryptocurrencies
16	N/A
📒 Bonds
N/A	N/A
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
All of RoboForex’s assets are CFDs.	All of BlackBull Markets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)	N/A
📉 Minimum ETFs Trade Size
Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)	N/A
📈 Minimum Crypto Trade Size
Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)	N/A
📉 Minimum FX Trade Size
Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)	N/A
📉 Minimum Bonds Trade Size
N/A	N/A
📈 Minimum Futures Trade Size
N/A	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:2000	Up to 1:500
💪 Professional Leverage
N/A	N/A
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes (only for share trading)
📱 Android App
Yes	Yes (only for share trading)
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
💻 Web trader
Yes	Yes (MT4 & 5)
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
Yes	Yes (only for share trading)
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
No	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)	Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.
💰 Commissions
Yes depending on account type (eg: for ECN accounts there are commissions up to $20).	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.
Spreads
📈 EUR/USD
Dynamic - From 0 Pips depending on account type, 1.4 Pips on Average	From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - Market Spread	From 5.5 Pips
📈 GOLD
Dynamic - From 17 Pips	From 16 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Dynamic - Market spread
📉 BTC
Dynamic - From $220	N/A
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No