BlackBull vs IronFX - Online Brokerage Comparison

BlackBull vs IronFX | Trading Brokers Comparison

BlackBull Markets vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$100MT4200+

BlackBull and IronFX Comparison

Each broker provides MetaTrader 4 (MT4). MT4 can be used by traders who trade using automated or non-automated trading. For automated traders, MT4 offers Expert Advisors (EAs), which are automated trading strategies. For non-automated traders (i.e. traders who execute their own trades), MT4 has a range of charting tools as well as a wider network. Both brokers allow traders to use Expert Advisors. IronFX has more markets to trade than BlackBull and a wider range.

Quick comparison

These are both MT4 brokers, both allowing automated trading. IronFX has more markets, BlackBull is an ECN broker.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for IronFX 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.
  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manager, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.

Markets

  • BlackBull offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.
  • IronFX offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 200+ available.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and DASH.
  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.

Spreads and leverage

  • BlackBull and IronFX can offer low Forex spreads plus a commission charge. BlackBull can additionally offer Forex spreads from 0.8 without a commission charge while IronFX can additionally offer Forex spreads from 0.7 without a commission charge (on its Premium account).

Maximum leverage for BlackBull is 500:1. Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for IronFX (ASIC regulated) is 1000:1.

Commission charge

  • BlackBull does not charge a commission on its ECN Standard account and charges commission of $3 per lot per side on its ECN Prime account. For its ECN Institutional account, commissions are negotiable.
  • IronFX charges a commission charge of $6.75 per lot per side on its STP/ECN Zero Spread account.

Platforms

Both provide MT4.

Why BlackBull or IronFX ?

Traders who want to trade using online trading robots executing strategies on their behalf, can use either broker. Each offers MT4 and allows EAs (MT4 robots). BlackBull is an ECN broker while IronFX has a range of account types, including STP/ECN. IronFX has a wider range and a greater number of markets to trade than BlackBull, but BlackBull has a competitive number for an ECN broker.

Comparison summary

  • Both offer CFD trading
  • Each has MT4
  • Both allow Expert Advisors
  • IronFX has more markets and a wider range
  • BlackBull is an ECN broker

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