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


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Overview
Founded in 2012, RoboMarkets offers five different types of accounts, including its proprietary R Stock Trader and ProCents accounts, with access to 12,000 instruments. The different accounts offer different spreads and investment instruments.	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
Traders interested in trading U.S. equities, ETFS with access to 3,000 stocks Traders looking for a mix of CFDs and stocks through R Stock Trader Traders seeking small investments through its ProCents account	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 0 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus)	FMA (New Zealand) FSAS (Seychelles)
The Good
Five different types of accounts for different types of investors, offers copy trading Access to 12,000+ investment instruments, including 3,000 U.S. stocks No inactivity or deposit fee Offers five base currencies, including GOLD, and remote VPS Server	Competitive spreads in their ECN PRIME account (From 0.1 Pips) MT4 & 5 platforms offered
The Bad
Withdrawals fees (EG: 2.4% on Visa and Mastercard, 2% for PayPal) No integrated news feed on trading platforms Serves only European Union Markets Limited commodities to trade	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
N/A	N/A
Key Data
⌛ Account Opening Time
1 Day	1 Day
📋 Documents Required
Valid identity documents (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
2012	2014
💳 Minimum Deposit
$, €, £ - 100	$200
💰 Payment Methods
Visa Mastercard Skrill Neteller e-wallets PayPal Webmoney Fasapay Wire transfers	Visa Mastercard Bank Transfer Neteller FasaPay China UnionPay Skrill
💵 Account Base Currencies
5 - EUR, USD, GBP, CHF, GOLD	9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY (Available only for EU Citizens).	US, CA, SY, IR.
📊 STP Account
Yes	Yes
📊 DMA Account
No	No
📊 ECN Account
Yes	Yes
Assets
📚 Available Assets
Real stocks and ETFs CFDs on commodities, stocks, etfs, currencies, indices and cryptocurrencies.	CFDs on shares, currencies, indices, commodities and cryptocurrencies.
📙 Stocks
12,000+	23,000 + (Through a separate option which is hard to find)
📘 Currency Pairs
35+	64
📗 Commodities
3	15
📕 Indices
9	13
📔 ETFs
1,000+	N/A
💸 Cryptocurrencies
14	8
📒 Bonds
N/A	N/A
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
RoboMarkets offers a combination of real equities and CFDs depending on the account. Stock trading is offered on its R Stock Trader account.	All of BlackBull Markets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 Share	N/A
📉 Minimum ETFs Trade Size
1 ETF	N/A
📈 Minimum Crypto Trade Size
Varies per cryptocurrency (Eg: 0.01 BTC)	N/A
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
0.01 Units	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 1:30	Up to 1:30
💪 Professional Leverage
Up to 1:500	Up to 1:500
✍ Customisable Leverage
No – it is defined during the registration process and can’t be changed	Yes
🎲 Deleveraged Trading
Yes, depending on the account	No
🎓 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	No
💻 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 (Eg: Visa/Mastercard fee 2.4%, PayPal 2% and Netteller (1.9%)	Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.
💰 Commissions
Varies per product (Eg. ETF Pro $0.0045/share)	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 0.3 Pips	From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - From 40 Pips	From 5.5 Pips
📈 GOLD
Dynamic - From 25 Pips	From 16 Pips
📉 TSLA (Stock CFD)
Average spread varies per account (Eg: 55 pips for Pro, 27 Pips for ECN)	Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A	Dynamic - Market spread
📉 BTC
Dynamic - From $1 to $500	N/A
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No