BlackBull vs USGFX - Online Brokerage Comparison

BlackBull vs USGFX | Trading Brokers Comparison

BlackBull Markets vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$100MT4, MT560+

BlackBull and USGFX Comparison

These brokers each offer MetaTrader 4 (MT4) allowing the use of Expert Advisors (MT4 automated trading strategies). USGFX additionally provides the successor to MT4, MetaTrader 5 (MT5).

Each has a similar number and range of markets to trade. USGFX has a lower minimum deposit.

USGFX does not charge commission for Forex and can offer lower minimum spreads with account types requiring a higher minimum deposit.

BlackBull offers accounts which charge commissions and which do not, and can therefore offer low Forex spreads, plus a commission charge and higher but still tight spreads without, for the same minimum deposit.

Quick comparison

Both are MT4 brokers, supporting trading with EAs. USGFX also offers MT5.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for USGFX is $100.

  • 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • BlackBull offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.
  • USGFX offers Forex, Indices, Energy, Crypotocurrencies and Metals with 60+ available.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and DASH.
  • USGFX offers Bitcoin.

Spreads and leverage

  • BlackBull can offer low Forex spreads plus a commission charge. BlackBull can additionally offer Forex spreads from 0.8 without a commission charge and USGFX offers Forex spreads from 1.2 without a commission charge.

Maximum leverage for BlackBull is 500:1. Maximum leverage for USGFX (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.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platforms

Both provide MT4. USGFX additionally offers MT5.

Why BlackBull or USGFX ?

Traders using automated trading strategies on MT4 can consider either broker, but those wanting to trade on MT5 would need to consider USGFX, as it provides this platform. MT5 is the successor to MT4 and offers a number of added features, though both use Expert Advisors (EAs), robots which trade on behalf of the trader executing automated trading strategies. For traders who execute their own trades, USGFX provides the Recognia system.

Comparison summary

  • Both offer CFD trading
  • Each has MT4
  • USGFX also provides MT5
  • Both allow the use of EAs
  • USGFX has a lower minimum deposit

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