ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (2024)

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (1) ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (2)

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (3)

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (4)

4

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (5)

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (6)

3.7

ThinkMarkets is ranked #37 among CFD brokers. BlackBull Markets is ranked #19 among CFD brokers.

Review

Founded in 2010, ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. The broker provides services to over 450,000 accounts from 11 global offices. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies. 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. 71.89% of retail investor accounts lose money when trading CFDs with this provider. Pros
  • Low fees with competitive spreads on the commission-free account and very tight spreads and a low $3.5 commission on ThinkZero
  • Unique Traders' Gym simulation tool for testing out strategies on real historical data, with multiple timeframes and custom features
  • In-depth educational resources for beginner, intermediate and advanced level traders, plus live webinars
  • Three stable and award-winning platforms plus seamless integration with the broker's Signal Centre
  • Top-tier regulation from the FCA, ASIC and CySEC plus offshore branches with high leverage
  • Free VPS hosting available for MT4 and MT5, ideal for traders using Expert Advisors (EAs)
  • Advanced charting package from TradingView in ThinkTrader Web - ideal for traders
  • Reliable 24/7 multilingual support via telephone, email or live chat
  • Quick and easy to open a ThinkMarkets account
  • 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
Cons
  • $500 minimum deposit for ThinkZero account
  • Not many payment methods available for UK traders
  • Limited bonus offers, refer-a-friend schemes or trading competitions
  • Withdrawal fees with some methods
  • US traders not accepted
Awards
  • Best CFD Provider 2021 - City of London Wealth Management Awards (COLWMA)
  • Best Value Broker in Asia at the 2020 - Global Forex Awards
  • Best Forex Trading Experience 2017 - UK Forex Awards
  • Best Forex Trading Innovation 2017 - UK Forex Awards
  • Best Customer Service 2013 - UK Forex Awards
  • Best ECN Broker 2022
  • Deloitte Fast 50 Index 2021
  • Best NZ Forex Broker 2021
FCA Regulated Yes No

List of FCA Regulated Brokers

Instruments CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only) Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos Demo Account Yes Yes Minimum Deposit $0 $0 Payment Methods
  • Apple Pay
  • Credit Cards
  • Google Pay
  • Mastercard
  • Neteller
  • Skrill
  • Visa
  • Wire Transfer
  • Credit Cards
  • Debit Card
  • FasaPay
  • Mastercard
  • Neteller
  • Skrill
  • Visa
Minimum Trade 0.01 Lots 0.01 Lots Regulator FCA, ASIC, CySEC, FSCA, JFSA, FSA Seychelles FMA, FSA Mobile Apps iOS & Android iOS & Android iOS App Rating

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (9)

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (10)

3.7

Android App Rating

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (11)

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (12)

4

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (13)

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (14)

3.7

Margin Trading Yes Yes MetaTrader 4 Yes Yes MetaTrader 5 Yes Yes cTrader No Yes AlgoTrader No No OmniTrader No No TradingView No Yes Autochartist Yes Yes eSignal No No Trading Central Yes No STP Account Yes No ECN Account No Yes DMA Account No No MAM Account No Yes PAMM Account Yes No LAMM Account No No Demat Account No No AI / Machine Learning No No Robo Advisor No No Negative Balance Protection Yes Yes Market Maker No No P2P Trading No No Spot Trading No Yes Auto Trading Expert Advisors (EAs) on MetaTrader Yes Copy Trading Yes Yes Copy Trading Platform The Signal Centre is FCA-regulated and offers insights into forex, stocks, indices, commodities, and cryptocurrencies. Users can receive up to 40 signals before the trading day starts. 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 Yes Trade Signals Signal Centre VPS Hosting Yes Yes Tournaments No No Demo Competitions No No Ethical Investing No No Custodial Account No No Guaranteed Stop Loss No No Inactivity Fee $0 $0 Islamic Account Yes Yes Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • SGD
Commodities
  • Gold
  • Oil
  • Natural Gas
  • Silver
  • Platinum
  • Copper
  • Gold
  • Silver
  • Oil
  • Gasoline
  • Cocoa
  • Wheat
  • Corn
  • Sugar
  • Coffee
  • Natural Gas
CFD ThinkMarkets continues to offer an excellent range of around 3500 CFD instruments covering forex, indices, stocks and commodities. Leverage is available up to 1:30 in the EU and UK, while global clients can access up to 1:500. 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. Leverage 1:500 1:500 FTSE Spread 0.7 10.4 GBPUSD Spread< 0.4 0.8 Oil Spread 0.03 5.2 Stocks Spread From 0.4 Variable Forex ThinkMarkets offers 46 currency pairs, which is around the industry average. Forex traders can benefit from tight 0.0-pip spreads for EUR/USD during peak market hours. Additionally, the ThinkTrader proprietary platform offers an impressive 125+ technical indicators - ideal for complex forex strategies. 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. Assets 45+ 64 GBPUSD Spread 0.3 0.8 EURUSD Spread 0.0 0.2 EURGBP Spread 0.0 0.8 Cryptocurrency With 20+ cryptocurrencies available to trade via CFDs, traders can securely speculate on crypto markets with up to 1:10 leverage. ThinkMarkets does not directly trade crypto assets, meaning you will not own the tokens, and crypto trading is not available in some jurisdictions. 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. Spread BTC 25, ETH 6 (Variable) Variable Coins
  • BCH
  • LTC
  • XMR
  • DOGE
  • XLM
  • BTC
  • ETH
  • XRP
  • 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 ThinkMarkets BlackBull Markets

Review

Review

71.89% of retail investor accounts lose money when trading CFDs with this provider. More Comparisons ThinkMarkets
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BlackBull Markets
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ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews (2024)

FAQs

ThinkMarkets vs BlackBull Markets 2024 | Comparison Table and Reviews? ›

In our analysis of 23 international regulators across 62 of the best forex brokers, BlackBull Markets is considered Average Risk, with an overall Trust Score of 77 out of 99. ThinkMarkets is considered Highly Trusted, with an overall Trust Score of 92 out of 99.

Is ThinkMarkets a legit broker? ›

ThinkMarkets is regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA).

Is BlackBull Markets legit? ›

BlackBull markets is a New Zealand regulated forex and CFD broker established in 2014. BlackBullMarkets offers MT4 and MT5 platforms by MetaTrader with available WebTrader, desktop and mobile apps. Black Bull trading instruments include over 70 forex currency pairs and CFDs for gold, Silver, Oil and Stock indexes.

What is the trust score for BlackBull Markets? ›

Is BlackBull Markets safe? BlackBull Markets is considered Average Risk, with an overall Trust Score of 78 out of 99.

Can US citizens use ThinkMarkets? ›

Due to regulatory reasons we are unable to open an account for US residents.

Who owns ThinkMarkets? ›

Co-founded by brothers Nauman and Faizan Anees in 2010 and headquartered in Australia, ThinkMarkets has continued to expand globally across 11 offices: London, Tokyo, Chicago, Melbourne, Limassol, Dubai, Sofia, and Johannesburg.

Can you use BlackBull Markets in the US? ›

BlackBull Markets will not accept clients: From OFAC-sanctioned countries. From the United States of America (USA)

How long does it take to withdraw from BlackBull Markets? ›

How to deposit and withdraw funds
MethodProcessing TimeSupported Currencies
Bank Transfer1-3 business daysMulti-currencies
Airtmup to 24 hrsMulti-currencies
CryptoInstant on approvalBTC, ETH, USDT, USDC, XRP, LTC, LINK, BCH, XLM
NetellerInstant on approvalMulti-currencies
16 more rows

Is BlackBull a regulated broker? ›

Founded in 2014, BlackBull Markets is a forex and CFD broker from New Zealand, regulated by the national FMA authority and FSA Seychelles.

Who is the owner of BlackBull Markets? ›

BlackBull Markets was founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman.

How do I withdraw from BlackBull market? ›

In addition to bank transfer, BlackBull Markets also allows you to withdraw funds to a debit or credit card. Many brokers don't offer this option, so this is a definite plus for BlackBull Markets. Whatever methods you use, you may only withdraw money to bank accounts, cards or wallets that are in your name.

How much is the commission on BlackBull? ›

If you wish to change account type, email support@blackbull.com or talk to our live support staff. How is commission charged for a Prime Account? Commission is calculated at US$3 per US$100,000 traded (US$6 for a standard round turn).

What is the minimum deposit for BlackBull Markets? ›

BlackBull Markets requires a minimum initial deposit of US$0 to open a Standard account, US$2,000 to open a Prime account, and US$20,000 to open an Institutional account. Once the initial deposit has been made, you account balance can go below the minimum deposit amount. Subsequent deposit sizes are at your discretion.

Does BlackBull Markets have negative balance protection? ›

BlackBull Markets offers negative balance protection for some of its retail clients.

How long does it take to withdraw money from ThinkMarkets? ›

Withdrawal are generally processed within 24 hours. Depending on the withdrawal method chosen, it can take between 1-7 business days for you to receive your funds. The company cannot be held liable for any deposit/ withdrawal processing delays that are caused by payment systems.

What broker is ThinkMarkets? ›

ThinkMarkets Group is a global financial services provider, ThinkMarkets is a registered trademark of the group, that operates among various entities. TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060.

What type of broker is ThinkMarkets? ›

ThinkMarkets is a forex and CFD broker founded in Australia in 2010. The company has multiple regulations, including the UK FCA, Cyprus CYSEC, Australia ASIC and Seychelles FSA.

How do you know if a broker is legit? ›

Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC's Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.

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