BlackBull vs ThinkMarkets - Online Brokerage Comparison

BlackBull vs ThinkMarkets | Trading Brokers Comparison

BlackBull Markets vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
NoneMT4, Trade Interceptor200+

BlackBull and ThinkMarkets Comparison

BlackBull is an ECN broker offering trading on MetaTrader 4 (MT4). ThinkMarkets has a range of account types, which includes its ThinkZero account. ThinkMarkets's ThinkZero is an MT4 trading account, which can offer low Forex spreads plus a commission charge (like BlackBull's ECN accounts). However ThinkMarkets also provides a Standard account which does not charge commissions (like BlackBull on its ECN Standard account). This account has MT4, but additionally offers Trade Interceptor.

MT4 at both brokers can be used by non-automated traders, but it also supports the use of online trading robots (EAs), which are allowed at both BlackBull and ThinkMarkets. Trade Interceptor 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).

ThinkMarkets offers more markets to trade and a wider range. While each provides CFD trading, in the UK ThinkMarkets offers MT4 spread betting. While ThinkMarkets has no minimum deposit for its Standard account, it does have one of $500 for its ThinkZero account, contrasting with a minimum deposit of $200 for BlackBull.

Quick comparison

Both offer MT4 and allow automated trading. ThinkMarkets additionally provides Trade Interceptor, a user friendly platform for human traders.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. There is no minimum deposit for ThinkMarkets's Standard account.

  • 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.
  • 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.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service. The ThinkZero account also provides Autochartist and an account manager.

Markets

  • BlackBull offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.
  • ThinkMarkets provides Forex, Indices, Energy, Cryptocurrencies, Metals and Stocks, with 200+ available.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and DASH.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, DASH, Ripple, Bitcoin Cash, OmiseGO, Bitcoin Gold, Monero, ETP, IOTA, NEO and Zcash.

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 (ASIC regulated) 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.

Platforms

Both provide MT4. ThinkMarkets additionally offers Trade Interceptor.

Why BlackBull or ThinkMarkets ?

Traders who trade with Expert Advisors (MT4 automated trading strategies) can do so at either broker, though ThinkMarkets has a wider range of markets. Traders who do not trade with robots but execute their own trades can also do so at either broker, though ThinkMarkets offers a platform (Trade Interceptor) which features a (human) user friendly layout.

Comparison summary

  • Both provide CFD trading
  • In the UK, ThinkMarkets offers MT4 spread betting
  • Each offers MT4
  • ThinkMarkets also provides Trade Interceptor
  • ThinkMarkets has more markets to trade
  • ThinkMarkets has no minimum deposit for its Standard account
  • BlackBull has a lower minimum deposit when compared with ThinkMarkets's ThinkZero account ($200 vs $500)

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