BlackBull vs FXOpen - Trading Brokers Comparison

BlackBull vs FXOpen | ECN Broker Comparison

BlackBull Markets vs FXOpen Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$300MT465+

BlackBull and FXOpen Comparison

FXOpen and BlackBull are both ECN brokers offering trading on MetaTrader 4 (MT4). Each allow the use of Expert Advisors (MT4 trading robots). Both have the same range of markets to trade. BlackBull has a lower minimum deposit than FXOpen, while FXOpen offers a wider range of Cryptocurrency CFDs to trade.

Quick comparison

Both are MT4 ECN brokers, supporting trading using automated trading strategies.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for FXOpen is $300.

  • 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.
  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.

Markets

  • BlackBull offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.
  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and DASH.
  • FXOpen offers Bitcoin, Ethereum, Litecoin, DASH, Bitcoin Cash, Ripple, EOS, Namecoin, Peercoin, Emercoin, NEO, OMNI, Monero, IOTA and Ethereum Classic.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge.

Maximum leverage for BlackBull is 500:1. Maximum leverage for FXOpen (FCA 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.
  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.

Platforms

Both provide MT4.

Why BlackBull or FXOpen ?

Traders wishing to use online trading robots can do so at either broker, as each offers MT4 and allows the use of Expert Advisors (EAs). Both have similar range of and number of markets to trade, though FXOpen provides a relatively wide range of Cryptocurrency CFD to trade. BlackBull has a lower minimum deposit than FXOpen.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4
  • Both have ECN trading
  • Each has competitive commission charges
  • BlackBull has a lower minimum deposit
  • FXOpen has a relatively wide range of Cryptocurrency CFDs to trade

Search this site

Translate