BlackBull vs ThinkMarkets - Online Brokerage Comparison

BlackBull vs ThinkMarkets | Trading Brokers Comparison
BlackBull Markets vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsAbout
None
Minimum Deposit
MT4, MT5, cTrader, TradingView, BlackBull Shares
Trading Platforms
26,000+
Markets To Trade
BlackBull allows a wide range of trading (including automated trading and scalping) on MT4 and MT5, offers access to TradingView and cTrader and provides 26,000+ Stocks CFDs to trade (on a mobile app)
About
None
Minimum Deposit
MT4, MT5, ThinkTrader
Trading Platforms
3500+
Markets To Trade
ThinkMarkets offers trading (including automated trading) and MT4 and MT5 and provides user friendly ThinkTrader
About

BlackBull and ThinkMarkets Comparison

Both of these brokers offer trading on MT4 and its successor MT5. BlackBull additionally provides access to TradingView and cTrader and offers its BlackBull Shares mobile app, with 26,000+ markets to trade, while ThinkMarkets provides user friendly ThinkTrader.

MT4 and MT5 at both brokers can be used by non-automated traders, but they also support the use of online trading robots (EAs), which are allowed at both BlackBull and ThinkMarkets. ThinkTrader is a user friendly online trading platform, designed for the human trader who executes their own trades (versus using robots to execute trades on their behalf).

While each provides CFD trading, in the UK ThinkMarkets offers MT4 and MT5 spread betting. Each offers a Standard account with no minimum deposit.

Quick comparison

Both brokers provides MT4 and MT5, supporting automated trading. BlackBull additionally has 26,000+ Stocks CFDs to trade on its BlackBull Shares mobile app. ThinkMarkets offers user friendly ThinkTrader while BlackBull provides TradingView and cTrader.

Minimum deposit and account types

There is no minimum deposit for BlackBull's ECN Standard account. There is no minimum deposit for ThinkMarkets's Standard account.

  • BlackBull offers an ECN Standard account with a minimum deposit of $0 and an ECN Prime account with a minimum deposit of $2000. It has an Islamic account for each of these account types. BlackBull additionally provides a Shares Trading Account, to access its BlackBull Shares mobile app. BlackBull also offers an ECN Institutional account with a minimum deposit of $20,000. BlackBull's ECN Standard account does not have a commission charge, thus can offer higher spreads compared with its other accounts which charge commissions. BlackBull offers an FX Academy and Market Analysis on its site. BlackBull offers social and copy trading on ZuluTrade, Myfxbook and BlackBull CopyTrader. The minimum trade size is 0.01 lots.
  • ThinkMarkets offers both CFD trading and spread betting. It offers the Standard account and the ThinkZero account. An Islamic account is available. ThinkMarkets utilises Equinix data centers for all account types, namely LD4 (London) and HK4 (Hong Kong). There is no minimum deposit for the Standard account. The minimum deposit for the ThinkZero account is $/£500. The Standard account does not charge commissions, ThinkZero account does charge a commission. EAs and scalping are allowed. the minimum trade size is 0.01 standard lots. Social and copy trading is supported via ZuluTrade.
  • >ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. ThinkMarkets offers Market News, Webinars, an Economic Calendar and Tutorials on its website.

Markets

  • BlackBull offers Forex, Indices, Energy, Stocks, Cryptocurrencies and Metals and Options, with 26,000+ available.
  • ThinkMarkets provides Forex, Indices, Energy, Stocks, Cryptocurrencies, Metals and Soft Commodities, with 3500++ available.
BlackBull vs ThinkMarkets Summary Table
BrokerTrading PlatformsDescription
BlackBull
Broker
MT4, MT5, TradingView, BlackBull Shares
Trading Platforms
BlackBull offers trading, including automated trading, on MT4 and MT5, provides access to TradingView and offers 26,000+ Stocks CFDs on its BlackBull Shares app
Description
ThinkMarkets
Broker
MT4, MT5, ThinkTrader
Trading Platforms
ThinkMarkets offers trading, including automated trading, on MT4 and MT5 and provides user friendly ThinkTrader
Description

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge. BlackBull can additionally offer Forex spreads from 0.8 without a commission charge and ThinkMarkets can additionally offer Forex spreads from 0.4 without a commission charge.

Maximum leverage for BlackBull is 500:1. Maximum leverage for ThinkMarkets (FCA regulated) is . Maximum leverage for ThinkMarkets (Bermuda) is 500:1.

Commissions

  • 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.
  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for its ThinkZero account.

Online trading platforms

Both provide MT4 and MT5. BlackBull additionally provides its BlackBull Shares app, its BlackBull Trade app, cTrader and TradingView. ThinkMarkets additionally offers ThinkTrader.

Why BlackBull or ThinkMarkets ?

Traders who want to trade on MT4 or MT5 can do so at either broker. Those who want access to TradingView or cTrader can do this at BlackBull. Traders who want to trade on user friendly ThinkTrader can find this platform at ThinkMarkets. Traders who want to trade a large number of Stocks CFDs (26,000+) on a mobile app can do so at BlackBull.

Comparison summary

  • Both provide CFD trading
  • In the UK, ThinkMarkets offers MT4 and MT5 spread betting
  • Both provide MT4 and MT5
  • BlackBull additionally offers the BlackBull Shares app
  • BlackBull additionally provides access to TradingView and cTrader
  • ThinkMarkets additionally offers ThinkTrader
  • BlackBull has 26,000+ Stocks CFDs to trade on a mobile app