Swissquote
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79% of retail CFD accounts lose money.

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

Updated May 13 2022

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79% of retail CFD accounts lose money.

Visit

Your Capital is at risk.

Overview

Swissquote is a global broker and investment bank headquartered in Switzerland that offers traditional securities and CFD trading along with advanced research tools.

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
  • Traditional equity investors looking for a broad range of markets
  • Experienced traders looking to benefit from their amazing research tools
  • Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

4

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
  • FCA (UK)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MFSA (Malta)
  • HKMA (Hong Kong)
  • FMA (New Zealand)
  • FSAS (Seychelles)
The Good
  • 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
  • Competitive spreads in their ECN PRIME account (From 0.1 Pips)
  • MT4 & 5 platforms offered
The Bad
  • Their proprietary platform lacks many features and is not user friendly
  • Their commissions are extremely high
  • Overall everything feels complicated to use
  • 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 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
1996 2014
💳 Minimum Deposit

Varies per account type and selected trading platform. From $0 up to $5,000.

$200
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • FasaPay
  • China UnionPay
  • Skrill
💵 Account Base Currencies
21 - AED, AUD, CAD, EUR, DKK USD, GBP, HKD, HUF, ILS, CHF, JPY, PLN, NOK, SGD, MXN, NZD, SEK, TRY, THB, ZAR 9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, JP, SY, IR. US, CA, SY, IR.
📊 STP Account
Yes Yes
📊 DMA Account
Yes No
📊 ECN Account
Yes Yes
Assets
📚 Available Assets
  • Real stocks, ETFs and options
  • CFDs on currencies, commodities, stocks, indices, ETFs, cryptocurrencies and bonds
  • CFDs on shares, currencies, indices, commodities and cryptocurrencies.
📙 Stocks
60 Stock Exchanges 23,000 + (Through a separate option which is hard to find)
📘 Currency Pairs
80+ 64
📗 Commodities
12 CFDs 15
📕 Indices
26 CFDs 13
📔 ETFs
1400 + N/A
💸 Cryptocurrencies
12 CFDs 8
📒 Bonds
54,000 + / 3 CFDs N/A
📓 Options
6 Exchanges N/A
📗 Futures
6 Exchanges N/A
📝 Notes:
N/A All of BlackBull Markets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
From $50 N/A
📉 Minimum ETFs Trade Size
From $50 N/A
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots) N/A
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
From $50 N/A
📉 Minimum Bonds Trade Size
From $50 N/A
📈 Minimum Futures Trade Size
From $50 N/A
📉 Minimum Options Trade Size
From $50 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 Yes
🎲 Deleveraged Trading
Yes 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
Yes No
💻 Proprietary Platform
Yes Yes (only for share trading)
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No 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
$10 per withdrawal

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

💰 Commissions

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.

  • 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
From 0 Pips to 1.3 Pips From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - From 60 Pips From 5.5 Pips
📈 GOLD
N/A From 16 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market spread
📉 BTC
N/A N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
Yes No

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