| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Deriv | $5 Minimum Deposit | MT5, cTrader, Deriv X Trading Platforms | 100+ Markets To Trade | Deriv offers margin trading (including automated trading) on MT5 and cTrader and provides innovative Deriv X, with a low minimum deposit About |
| BlackBull | $0 Minimum Deposit | MT4, MT5, cTrader, TradingView, BlackBull Shares Trading Platforms | 26,000+ Markets To Trade | BlackBull offers trading, including automated trading, on MT4, MT5 and cTrader, offers TradingView and provides 26,000+ Stocks CFDs to trade About |
Deriv vs BlackBull Comparison
This is a comparison of Deriv vs BlackBull Markets. Deriv was founded in 1999, while BlackBull was founded in 2014. Deriv offers a wide range of types of trading. For margin trading CFDs, it provides MT5, Deriv X and cTrader. BlackBull provides trading on MT4 and MT5, with a focus on automated trading, offers cTrader and TradingView and provides a relatively large number of Stocks CFDs to trade on its BlackBull Shares mobile app.
Both provide a match for automated traders, though BlackBull has a focus on this kind of trading. Both provide a match to discretionary trading, though by offering Deriv X, Deriv can be seen as inclined towards this trading style.
Quick comparison
Both brokers provide MT5 and cTrader. Deriv additionally offers Deriv X, while BlackBull additionally provides MT4 and TradingView along with the BlackBull Shares app which offers 26,000+ Stocks CFDs.
| Trading Style | Deriv Platforms | Description |
|---|---|---|
| Automated Trading Trading Style | MT5, cTrader Deriv Platforms | MT5 is the successor to MT4 and offers the trader the capacity to use, modify and create EA trading robots. An STP account is offered with a focus on Forex which can be used by automated traders. cTrader offers cBots robots. Description |
| Discretionary Trading Trading Style | Deriv X, MT5, cTrader Deriv Platforms | The trader can execute their own trades on MT5, cTrader and Deriv X, however Deriv X provides a user friendly platform for this type of trading, with features such as a trading journal Description |
| 24/7 Trading Trading Type | MT5, cTrader, Deriv X Deriv Platforms | 24/7 trading (i.e. weekend trading) is available on MT5, cTrader and Deriv X, depending on the trader's region Description |
| Forex Trading Trading Type | MT5, cTrader, Deriv X Deriv Platforms | Forex trading in offered on Deriv X, cTrader and MT5, with automated Forex trading available via MT5 and cTrader Description |
| Trading Style | BlackBull Platforms | Description |
|---|---|---|
| Automated Trading Trading Style | MT4, MT5, cTrader, TradingView BlackBull Platforms | MT4 is a relatively popular platform and the predecessor to MT5 and both allow automated trading with EA robots. BlackBull aims to provide low latency order processing and has spreads from 0, plus commission Description |
| Discretionary Trading Trading Style | MT4, MT5, cTrader, BlackBull Shares, TradingView BlackBull Platforms | The trader can find tools to help analyse markets when deciding what trades to execute on all these platform, however BlackBull Shares has a focus on Stocks CFDs, with 26,000+ Description |
| Forex Trading Trading Type | MT4, MT5, cTrader, BlackBull Shares, TradingView BlackBull Platforms | Forex trading is offered on all these platforms, however MT4 and MT5 can be seen as aimed to be designed for Forex trading, supporting the different styles traders use to trade this complex market Description |
Minimum deposit and account types
The minimum deposit for Deriv is $5. The minimum deposit for BlackBull is $0.
- 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.
- Deriv offers a range of platforms and account types packaged into one platform. On its user friendly platform Deriv X it offers features such as a Trading Journal. Copy trading is supported via MQL5 Signals and cTrader Copy. While this page focuses on leveraged CFD trading, Deriv does provide other types of trading, including multipliers. Some products may not be available in some countries.
Markets
- BlackBull offers Forex, Indices, Energy, Metals, Stocks, Options and Cryptocurrencies, with 26,000+ available.
- Deriv offers Forex, Indices, Energy, Metals, Stocks, Options, Cryptocurrencies and ETFs, with 100+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| Deriv Broker | MT5, Deriv X Trading Platforms | Deriv provides margin trading of CFDs on MT5, cTrader and user friendly Deriv, with a low minimum deposit Description |
| BlackBull Broker | MT4, MT5, cTrader, TradingView, BlackBull Shares Trading Platforms | BlackBull offers automated trading on MT4, MT5, cTrader and TradingView and provides 26,000+ Stocks CFDs Description |
Leverage
Maximum leverage for BlackBull is 500:1. Maximum leverage for Deriv is 1000:1.
Commissions
- Deriv does not charge commissions for Forex, Stocks, Indices or Metals.
- 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.
Online trading platforms
Deriv offer MT5, cTrader and Deriv X, for margin trading CFDs. BlackBull offers MT4, MT5, cTrader, TradingView and the BlackBull Shares app.
Payment methods
Both brokers support Bank Transfer, Credit/Debit Cards, Skrill and Neteller. Deriv additionally supports WebMoney and Trustly. BlackBull additionally supports FasaPay and UnionPay.
Why Deriv or BlackBull ?
Traders who want to trade on MT5 or cTrader may do so at either broker. Those who want to access TradingView can do so at BlackBull. Traders who want to trade on MT4 can do so at BlackBull. Traders who want to trade on Deriv X (a user friendly, innovative trading platform) can do so at Deriv. Traders who want to trade a relatively large number of Stocks CFDs, can do this at BlackBull.
Comparison summary
- Both offer CFD trading
- Each provides MT5 and cTrader
- BlackBull additionally offers MT4
- Deriv additionally provides Deriv X
- BlackBull additionally offers the Shares Trading Platform
- BlackBull has more markets to trade
- Both have copy trading and allow automated trading
- Deriv offers Synthetic Indices
