BlackBull Markets vs Empower | Which is best 2024 (2024)

BlackBull Markets vs Empower | Which is best 2024 (1)

Review

3.7

BlackBull Markets vs Empower | Which is best 2024 (2)

Review

2.8

Empower is #21 in our broker rankings.

BlackBull Markets vs Empower | Which is best 2024 (4) Traders from US accepted

BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.

Empower, previously Personal Capital, is a US-based and SEC-regulated trading platform and advisory firm. Clients can access pensions, robo-advisors and do-it-yourself investing in stocks, mutual funds, fixed-income products and ETFs. Millions of clients trust Empower with their long-term investments, attracted by the suite of free financial planning tools and excellent reputation.

Comment by Reviewer "BlackBull Markets will suit traders of all experience levels with thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms." "Empower is best for hands-off investors looking for a US-regulated platform and robo-advisor with free financial planning services. However, investors need to be willing to make a large minimum investment and pay higher than average fees for premium services." Pros
  • CopyTrader, ZuluTrade, HokoCloud and Myfxbook copy trading
  • Commission-free trading with spreads from 0.0 pips
  • Superb range of platforms including TradingView Pro
  • Responsive customer service during testing
  • Excellent educational content for beginners
  • $0 minimum deposit and 0.01 lot trades
  • Huge range of 26,000+ instruments
  • Autochartist plugin
  • Award-winning customer support team
  • Intelligent budgeting and portfolio management tools
  • Empower's advisory services are regulated by the SEC
  • Millions of active users and good industry reputation
  • Highly rated mobile app available on Apple and Android devices
  • Beginner-friendly financial dashboard with customizable widgets
  • Robo-advisor service with pre-built portfolios and investment strategies
Cons
  • Withdrawal fees with some methods
  • US traders not accepted
  • Limited choice of payment methods with only wire transfer
  • 0.49% - 0.89% management fees are high vs alternatives
  • $100,000 is needed for the robo-advisor service
  • No forex, commodity or crypto trading
  • No demo account for prospective users
  • Only available in the US
Awards
  • Best ECN Broker 2022
  • Deloitte Fast 50 Index 2021
  • Best NZ Forex Broker 2021
  • America’s Best Customer Service 2019 - Newsweek
Instruments Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos Stocks, ETFs, Mutual Funds, Fixed Income Demo Account Yes No Minimum Deposit $0 $1 (Cash), $100,000 (Robo Advisor) Trading Platforms
  • MT4
  • MT5
  • cTrader
  • TradingView
  • AutoChartist
  • Own
Payment Methods
  • Bitcoin Payments
  • Boleto
  • Credit Card
  • Debit Card
  • FasaPay
  • Mastercard
  • Neteller
  • Skrill
  • UnionPay
  • Visa
  • Wire Transfer
Minimum Trade 0.01 Lots Variable Regulator FMA, FSA SEC, FINRA Margin Trading Yes No STP Account No No ECN Account Yes No DMA Account No No MAM Account Yes No PAMM Account No No LAMM Account No No Demat Account No No AI / Machine Learning No No Robo Advisor No Yes Negative Balance Protection Yes No Market Maker No No P2P Trading No No Spot Trading Yes No Mobile Apps iOS & Android iOS & Android Android App Rating

3.7

iOS App Rating

3.7

Auto Trading Yes Yes (Auto Portfolios) Copy Trading Yes No Copy Trading Platform Blackbull Markets offers an excellent selection of social and copy trading products on its CopyTrader system, plus HokoCloud, DupliTrade and Myfxbook. Traders can copy trades and strategies in a range of popular financial markets with user-friendly risk management tools. Social Trading Yes No VPS Hosting Yes No Tournaments No No Demo Competitions No No Ethical Investing No Yes Custodial Account No No Guaranteed Stop Loss No No Inactivity Fee $0 Islamic Account Yes No Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • SGD
  • USD
Stock Exchanges
  • Australian Securities Exchange (ASX)
  • DAX GER 40 Index
  • FTSE UK Index
  • Nasdaq
  • Dow Jones
  • Nasdaq
  • New York Stock Exchange
Commodities
  • Cocoa
  • Coffee
  • Corn
  • Gasoline
  • Gold
  • Natural Gas
  • Oil
  • Silver
  • Sugar
  • Wheat
CFD Trading BlackBull Markets CFDs are offered on forex, stocks, indices, commodities and cryptos with tight spreads and high leverage. The ECN accounts offer fast execution and low slippage, and the broker provides traders with plenty of extra tools and features plus 24/7 customer support. CFD trading not offered Leverage 1:500 FTSE Spread 10.4 GBPUSD Spread 0.8 Oil Spread 5.2 Stocks Spread Variable Forex Trading BlackBull offers 64 forex pairs with very competitive pricing through its ECN accounts, with the standard commission-free spread starting from 0.8 and spreads with commission starting from zero. The broker supports diverse trading platforms including MT4 and MT5, and provides leverage up to 1:500. Forex trading not offered GBPUSD Spread 0.8 EURUSD Spread 0.2 EURGBP Spread 0.8 Assets 64 Cryptocurrency BlackBull Markets traders can speculate on 11 cryptocurrencies including Bitcoin, Litecoin and Ethereum with up to 1:5 leverage. The crypto tokens are traded in pairs with USD and the broker offers a transparent pricing schedule. Crypto trading not offered Spread Variable Coins
  • BTC
  • ETH
  • BCH
  • LTC
  • XRP
  • DOGE
  • ADA
  • DOT
  • LINK
  • EOS
  • XLM
Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

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BlackBull Markets vs Empower | Which is best 2024 (5)

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