BlackBull vs Pepperstone Broker Comparison

BlackBull vs Pepperstone | Broker Comparison

BlackBull Markets vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$200MT4, MT5, cTrader95+

BlackBull vs Pepperstone Comparison

These are both ECN brokers which use Equinix Data Centres, offer standard accounts without a commission charge and ECN accounts with a commission charge. Both provide MT4, however Pepperstone additionally offers MT5 and cTrader. For the Standard account, both brokers have the same minimum deposit of $200, but for the 'true ECN' accounts, Pepperstone has a lower minimum deposit ($200 vs $2000). Both have accounts for those who deposit more and trade larger volumes. Each has a competitive number of total markets available for an ECN broker, but Pepperstone can offer more (95+ vs 60+) and has a wider range of markets on offer.

ECN trading conditions

Both offer no dealing desk order execution and locate their servers in Equinix Data Centres. Both use Equinix NY4 (New York) and LD4 (London) Centres, while BlackBull additionally uses Tokyo's TY3 Centre.

Quick comparison

These are each MT4 ECN brokers offering a core group of markets with a focus on Forex pairs. Pepperstone also provides the MT5 and cTrader online trading platforms.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for Pepperstone is $200 or AU$200 or £200.

  • 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.
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 50ms. The minimum trade size is 0.01 lots. Pepperstone offers Education and Market Reviews on its site and Autochartist.
  • Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It offers EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.

Markets

  • BlackBull offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.
  • Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Metals and Soft Commodities, with 95+ available.

BlackBull provides 35+ Forex pairs, Pepperstone provides 60+ Forex pairs.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and Dash.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Dash, Ripple and Bitcoin Cash.

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 for Pepperstone.

Maximum leverage for BlackBull is 500:1. Maximum leverage for Pepperstone (FCA regulated) is . Maximum leverage for Pepperstone (ASIC regulated) is 500:1.

Commissions

  • BlackBull charges commission of $3 per lot per side on its ECN Prime account. For its ECN Institutional account, commissions are negotiable.
  • Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.

Platforms

Both brokers provide MT4. Pepperstone additionally offers MT5 and cTrader. Both brokers offer downloaded versions of their respective platforms, while Pepperstone also has web traders for MT4 and cTrader.

Why BlackBull or Pepperstone ?

Pepperstone has more trading platforms and more markets and is regulated by both the FCA in the United Kingdom and the ASIC in Australia. However each provide MT4 and offer ECN trading. Both have the same minimum deposit for their respective Standard accounts, but in terms of their 'true ECN' accounts, BlackBull has a higher minimum deposit.

Comparison summary

  • Both are ECN brokers
  • These brokers are STP ECN NDD brokers
  • Each locate their servers in Equinix Data Centres
  • Both offer MT4 for desktop and apps
  • Pepperstone also provides an MT4 web trader
  • Pepperstone additionally provides MT5 and cTrader
  • Pepperstone can offer more markets, but BlackBull has a competitive number for an ECN broker

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