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Written by ForexBrokers.com
August 29, 2023
Is Saxo better than BlackBull Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, Saxo is considered Trusted, with an overall Trust Score of 99 out of 99. BlackBull Markets is considered Average Risk, with an overall Trust Score of 77 out of 99. Learn more about Trust Score.
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Overall Rating | Saxo | BlackBull Markets | |
---|---|---|---|
Overall Ratinginfo | |||
Commissions & Fees | |||
Offering of Investments | |||
Platform & Tools | |||
Mobile Trading | |||
Research | |||
Education | |||
Trust Scoreinfo | 99 | 77 | |
Winner | check_circle | ||
Review | Saxo Review | BlackBull Markets Review |
Broker Screenshots | Saxo | BlackBull Markets | |
---|---|---|---|
Trading Platforms Gallery (click to expand)info |
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Mobile Trading Gallery (click to expand)info |
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Research Gallery (click to expand)info |
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Education Gallery (click to expand)info |
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Regulation | Saxo | BlackBull Markets | |
---|---|---|---|
Trust Scoreinfo | 99 | 77 | |
Year Foundedinfo | 1992 | 2014 | |
Publicly Traded (Listed)info | No | No | |
Bankinfo | Yes | No | |
Regulated in one or more EU or EEA countries (MiFID).info | Yes info | No info | |
Tier-1 Licensesinfo | 7 | 1 | |
Tier-2 Licensesinfo | 1 | 0 | |
Tier-3 Licensesinfo | 0 | 0 | |
Tier-4 Licensesinfo | 0 | 1 |
Tier-1 Licenses (Highly Trusted) | Saxo | BlackBull Markets | |
---|---|---|---|
Australia (ASIC Authorised)info | Yes | No | |
Canada (CIRO Authorised)info | No | No | |
Hong Kong (SFC Authorised)info | Yes | No | |
Japan (SFC Authorised)info | Yes | No | |
Singapore (MAS Authorised)info | Yes | No | |
Switzerland (FINMA Authorised)info | No | No | |
United Kingdom (U.K.) (FCA Authorised)info | Yes | No | |
USA (CFTC Authorized)info | No | No | |
New Zealand (FMA Authorised)info | No | Yes | |
Regulated in one or more EU or EEA countries (MiFID).info | Yes info | No info |
Tier-2 Licenses (Trusted) | Saxo | BlackBull Markets | |
---|---|---|---|
Kenya (CMA Authorised)info | No | No | |
Israel (ISA Authorised)info | No | No | |
South Africa (FSCA Authorised)info | No | No | |
UAE (DFSA/Central Bank Authorised)info | Yes | No | |
India (SEBI Authorised)info | No | No | |
Jordan (JSC Authorised)info | No | No |
Investments | Saxo | BlackBull Markets | |
---|---|---|---|
Forex Trading (Spot or CFDs)info | Yes | Yes | |
Tradeable Symbols (Total)info | 70000 | 26000 | |
Forex Pairs (Total)info | 190 | 72 | |
U.S. Stock Trading (Non CFD)info | Yes | Yes | |
Int'l Stock Trading (Non CFD)info | Yes | Yes | |
Social Trading / Copy Tradinginfo | Yes | Yes | |
Cryptocurrency (Physical)info | No | No | |
Cryptocurrency (Derivative)info | Yes | Yes | |
Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Cost | Saxo | BlackBull Markets | |
---|---|---|---|
Average Spread EUR/USD - Standardinfo | 1.1 info | 0.827 info | |
All-in Cost EUR/USD - Activeinfo | 0.9 info | 0.827 info | |
Active Trader or VIP Discountsinfo | Yes | Yes | |
Inactivity Feeinfo | Yes | No | |
Execution: Agency Brokerinfo | Yes | No | |
Execution: Market Makerinfo | Yes | Yes |
Funding | Saxo | BlackBull Markets | |
---|---|---|---|
Minimum Depositinfo | $0 | $0 | |
PayPal (Deposit/Withdraw)info | No | No | |
Skrill (Deposit/Withdraw)info | No | Yes | |
Visa/Mastercard (Credit/Debit)info | Yes | Yes | |
Bank Wire (Deposit/Withdraw)info | Yes | Yes |
Trading Platforms | Saxo | BlackBull Markets | |
---|---|---|---|
Proprietary Platforminfo | Yes | No | |
Desktop Platform (Windows)info | Yes | Yes | |
Web Platforminfo | Yes | Yes | |
Social Trading / Copy Tradinginfo | Yes | Yes | |
MetaTrader 4 (MT4)info | No | Yes | |
MetaTrader 5 (MT5)info | No | Yes | |
cTraderinfo | No | Yes | |
DupliTradeinfo | No | No | |
ZuluTradeinfo | No | Yes |
Trading Tools | Saxo | BlackBull Markets | |
---|---|---|---|
Virtual Trading (Demo)info | Yes | Yes | |
Alerts - Basic Fieldsinfo | Yes | Yes | |
Watchlists - Total Fieldsinfo | 60 | 7 | |
Charting - Indicators / Studies (Total)info | 64 | 30 | |
Charting - Drawing Tools (Total)info | 20 | 15 | |
Charting - Trade From Chartinfo | Yes | Yes | |
Charts can be savedinfo | Yes | Yes |
Mobile Trading | Saxo | BlackBull Markets | |
---|---|---|---|
Android Appinfo | Yes | Yes | |
Apple iOS Appinfo | Yes | Yes | |
Mobile Alerts - Basic Fieldsinfo | Yes | Yes | |
Mobile Watchlistinfo | Yes | Yes | |
Watchlist Syncinginfo | Yes | Yes | |
Mobile Charting - Indicators / Studiesinfo | 64 | 30 | |
Mobile Charting - Draw Trendlinesinfo | Yes | Yes | |
Mobile Charting - Multiple Time Framesinfo | Yes | Yes | |
Mobile Charting - Drawings Autosaveinfo | Yes | Yes | |
Mobile Economic Calendarinfo | Yes | Yes |
Research | Saxo | BlackBull Markets | |
---|---|---|---|
Daily Market Commentaryinfo | Yes | Yes | |
Forex News (Top-Tier Sources)info | Yes | No | |
Autochartistinfo | Yes | Yes | |
Trading Central (Recognia)info | No | No | |
TipRanksinfo | No | No | |
Social Sentiment - Currency Pairsinfo | Yes | No | |
Economic Calendarinfo | Yes | Yes |
Education | Saxo | BlackBull Markets | |
---|---|---|---|
Education (Forex or CFDs)info | Yes | Yes | |
Client Webinarsinfo | Yes | Yes | |
Client Webinars (Archived)info | Yes | Yes | |
Videos - Beginner Trading Videosinfo | Yes | Yes | |
Videos - Advanced Trading Videosinfo | Yes | Yes | |
Investor Dictionary (Glossary)info | Yes | Yes |
Major Forex Pairs | Saxo | BlackBull Markets | |
---|---|---|---|
GBP/USDinfo | Yes | Yes | |
USD/JPYinfo | Yes | Yes | |
EUR/USDinfo | Yes | Yes | |
USD/CHFinfo | Yes | Yes | |
USD/CADinfo | Yes | Yes | |
NZD/USDinfo | Yes | Yes | |
AUD/USDinfo | Yes | Yes | |
Review | Saxo Review | BlackBull Markets Review |
Overall | Saxo | BlackBull Markets | |
---|---|---|---|
Overall Ratinginfo | |||
Commissions & Fees | |||
Offering of Investments | |||
Platform & Tools | |||
Mobile Trading | |||
Research | |||
Education | |||
Trust Scoreinfo | 99 | 77 | |
Winner | check_circle | ||
Review | Saxo Review | BlackBull Markets Review |
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Saxo vs BlackBull Markets Comparison
We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare Saxo vs BlackBull Markets.
Can I trust Saxo?
Saxo is not publicly traded, does operate a bank, and is authorised by seven tier-1 regulators (Highly Trusted), one tier-2 regulator (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Saxo is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.
Can I trust BlackBull Markets?
BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one Tier-1 regulators (Highly Trusted), zero Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). BlackBull Markets is authorised by the following Tier-1 regulators: Financial Markets Authority (FMA).
Is Saxo good?
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
Is BlackBull Markets good?
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
What is the minimum deposit requirement for opening an account with Saxo?
To open a trading account with Saxo, you'll need to make an initial minimum deposit of $0.
What is the minimum deposit requirement for opening an account with BlackBull Markets?
BlackBull Markets requires a minimum deposit of $0 before you can open an account and start trading.
What funding options does each broker offer?
It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Saxo offers Visa/Mastercard (Credit/Debit) and Bank Wire (Deposit/Withdraw) for banking, whereas BlackBull Markets provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)
Does Saxo or BlackBull Markets offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Saxo offers better pricing overall for traders.
Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.
Is Saxo or BlackBull Markets safer for forex and CFDs trading?
At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Saxo holds 7 global Tier-1 licenses, while BlackBull Markets holds 1. Saxo holds 1 global Tier-2 licenses, while BlackBull Markets holds 0.
After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Saxo (99) earned a higher Trust Score than BlackBull Markets (77).
Which trading platform is better: Saxo or BlackBull Markets?
To compare the trading platforms of both Saxo and BlackBull Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Saxo offers a better experience. With research, Saxo offers superior market research. Finally, we found Saxo to provide better mobile trading apps.
Here’s what trading platforms are available at Saxo:
- Proprietary Platform - Yes
- Web Platform - Yes
- cTrader - No
- DupliTrade - No
- MT4 - No
- MT5 - No
- ZuluTrade - No
- TradingView - Yes
Here’s what trading platforms are available at BlackBull Markets:
- Proprietary Platform - No
- Web Platform - Yes
- cTrader - Yes
- DupliTrade - No
- MT4 - Yes
- MT5 - Yes
- ZuluTrade - Yes
- TradingView - Yes
What about MetaTrader? How about copy trading?
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Neither broker offers Meta Trader. Forex traders also appreciate the ability to engage in social copy trading. Saxo and BlackBull Markets both offer copy trading.
What can I trade with each broker?
Saxo provides traders 190 currency pairs (e.g., EUR/USD) compared to BlackBull Markets's 72 available pairs. If you are interested in trading CFDs, Saxo offers traders access to 70000 CFDs, while BlackBull Markets offers access to 26000 CFDs; so Saxo offers 44000 more CFDs than BlackBull Markets.
We found in our testing that Saxo offers a more diverse selection of investment options than BlackBull Markets, allowing you to trade both brokers allow traders to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical) and Spread Betting.
Overall winner: Saxo
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announcementPlease note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.