BlackBull Markets vs RoboMarkets - Online Brokerage Comparison

BlackBull vs RoboMarkets | Broker Comparison

BlackBull Markets vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$100MT4, MT5, R Trader11,000+

BlackBull and RoboMarkets Comparison

Both of these brokers offer ECN trading, though RoboMarkets provides a range of account types including a cent account (which offers very small trade sizes). Each has the MT4 trading platform, with a similar number of markets. RoboMarkets also offers MT5 and R Trader. R Trader has many more markets than the other platforms, with 11,000+.

BlackBull has a higher minimum deposit than RoboMarkets ($200 vs $100). Both brokers support copy and social trading.

ECN trading conditions

Each broker offers accounts which provide access to liquidity providers and offer spreads from 0.1 or 0, plus a commission charge.

Quick comparison

Both brokers offer MT4 ECN trading, while RoboMarkets provides a range of account types including a cent account. RoboMarkets also offers MT5 and R Trader.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for RoboMarkets is $100.

  • BlackBull offers an ECN Standard account with a minimum deposit of $200 and an ECN Prime account with a minimum deposit of $2000. It has an Islamic account for each of these account types. BlackBull also offers an ECN Institutional account with a minimum deposit of $20,000. The minimum trade size is 0.01 lots. BlackBull offers an FX Academy and Market Analysis on its site.
  • BlackBull's ECN Standard account does not have a commission charge, thus can offer higher spreads compared with its other accounts which charge commissions.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboMarkets provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • BlackBull offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Energy, Cryptocurrencies and Precious Metals, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.
  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.

BlackBull provides 35+ Forex pairs, RoboMarkets provides 45+ Forex pairs.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and Dash.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Dash, Ripple, Bitcoin Cash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

Spreads and leverage

  • Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 0.8 for BlackBull and 1.3 for RoboMarkets.

Maximum leverage for BlackBull is 500:1. Maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • BlackBull charges commission of $3 per lot per side on its ECN Prime account. For its ECN Institutional account, commissions are negotiable.
  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Platforms

BlackBull provides MT4. RoboMarkets provides MT4, MT5 and cTrader.

Why BlackBull or RoboMarkets ?

Both offer ECN trading, though BlackBull is focused on this kind of service. RoboMarkets can offer more features for traders who are looking for more than ECN services, as it offers a large number of markets on the R Trader platform, a range of account types including different spread types (fixed or variable) and a cent account. BlackBull provides the ECN Standard account which does not charge commissions as its 'entry level' account. Both offer Prime ECN accounts for higher deposits.

Comparison summary

  • Both offer ECN trading
  • Each has a similar number of markets on their respective ECN accounts
  • RoboMarkets has many more markets on R Trader (the bulk of which is Stocks CFDs)
  • Both offer 'ECN Prime' accounts with higher minimum deposits
  • Each provides MT4
  • RoboMarkets also offers MT5

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