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

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.

• 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

• IFSC (International Financial Services Commission of Belize)

• FMA (New Zealand)
• FSAS (Seychelles)

• 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

• 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

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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
• 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

US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.

US, CA, SY, IR.

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.

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.