BlackBull vs RoboForex - Compare Trading Brokers

BlackBull vs RoboForex | Online Brokerage Comparison

BlackBull Markets vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$10MT4, MT5, cTrader, R Trader Web Trader9000+

BlackBull vs RoboForex Comparison

BlackBull and RoboForex each offer ECN trading accounts and the MetaTrader 4 (MT4) online trading platform. RoboForex has a considerably lower minimum deposit ($10 vs $200) though BlackBull has a competitive minimum deposit for an ECN broker.

The minimum trade size for BlackBull is micro lots, though RoboForex offers a Cent account. A Cent account allows for trade sizes lower than micro lots. This means that a trader can trade with potentially smaller account sizes, depending on a number of factors.

While each has a similar number and range of markets, on its R Trader platform, RoboForex can offer many more. RoboForex also provides the successor to MT4, MT5 along with cTrader.

Quick comparison

Both offer MT4. RoboForex also provides MT5, cTrader and R Trader, on which platform it offers many more markets to trade.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for RoboForex is $10.

  • 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.
  • RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboForex's minimum deposit for all accounts except R Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex 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.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Cryptocurrencies and Precious Metals, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.
  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and DASH.
  • RoboForex offers Bitcoin, Ethereum, Litecoin, DASH, Ripple, Bitcoin Cash, Monero, NEO, IOTA, EOS, Bitcoin Gold, QTUM, Golem and OmiseGO.

Spreads and leverage

  • BlackBull and RoboForex can offer low Forex spreads plus a commission charge. BlackBull can additionally offer Forex spreads from 0.8 without a commission charge and RoboForex can offer Forex spreads from 1.3 without a commissions charge.

Maximum leverage for BlackBull is 500:1. Maximum leverage for RoboForex is 2000:1.

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.
  • RoboForex's commissions are $2 per standard lot per side for its ECN accounts except for its Prime account where they are $1.5 per standard lot per side.

Platforms

Both provide MT4. RoboForex additionally offers MT5, cTrader and R Trader.

Why BlackBull or RoboForex ?

Both brokers allow the use of automated trading strategies on MT4 (in the case of both) and MT5, cTrader and R Trader (in the case of RoboForex). With R Trader, RoboForex offers a web trader which as well as supporting the use of and building of robots (including the capacity to run them on the cloud, and thus not needing a VPS) provides a large number of markets to trade.

Comparison summary

  • Both offer CFD trading
  • Each provides ECN accounts
  • RoboForex has a Cent account, which allows for small trade sizes below micro lots
  • RoboForex has a lower minimum deposit
  • Both provide MT4
  • RoboForex also offers MT5, cTrader and R Trader
  • On R Trader, RoboForex offers many more markets to trade

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