eToro vs BlackBull Markets - Fees Review included
Which broker is better eToro or BlackBull Markets? Our expert assessment conducted according to TU’s own methodology showed that eToro is one of the top brokers in the financial market with the TU Overall Score of 7.75 out of 10. BlackBull Markets is one of the top brokers in the financial market with the TU Overall Score of 5.87 out of 10. Find out more about TU Overall Score.
| Feature | eToro | BlackBull Markets |
|---|---|---|
Overall |
4.8 |
3.2 |
5.0 |
4 |
|
4.7 |
3.8 |
|
4.9 |
4 |
|
Investment Instruments |
5.0 |
1.7 |
Platforms and Charting Tools |
4.1 |
4.1 |
Deposit and Withdrawal |
4.5 |
3.7 |
Research |
5 |
2.6 |
Education |
4.3 |
3.8 |
Support |
4.2 |
3 |
Bonuses |
1 |
1.6 |
|
|
|
eToro vs BlackBull Markets: Pros and Cons
The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.
BlackBull Markets was founded with the goal of becoming the leading online Financial Technology and Foreign Exchange broker. BlackBull Markets is a true ECN, No Dealing Desk brokerage specializing in Forex, CFDs, Commodities, Fibre Optic Communications and Fintech solutions for a global clientele.
| eToro | BlackBull Markets | |
|---|---|---|
| Overall Pros | Mobile app for trading from smartphones | Over 24000 trading assets |
| Highly licensed and regulated broker | 3 ECN accounts | |
| eToro charges a fixed withdrawal fee of $5 USD | Well-regulated broker | |
| The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | ||
| The funds of eToro clients are held at the licensed US banks | ||
| Overall Cons | Customer support can be only contacted by tickets | Only one account currency |
| Small choice of investing programs |
eToro vs BlackBull Markets: Safety and Regulation
| eToro | BlackBull Markets | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-2 |
Investor protection |
£85,000 €20,000 |
No |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
Yes |
eToro vs BlackBull Markets: Trading Conditions
| Trading Conditions | eToro | BlackBull Markets |
|---|---|---|
Minimum Deposit |
$50 |
$200 |
Trading Platforms |
eToro |
MT4, МТ5, Webtrader, Mobile platforms |
Max Leverage (Futures) |
1:30 |
1-500 |
Supported Markets |
Forex, Stocks, Indices, Commodities, Crypto |
Forex, Index CFDs, Commodities, Precious Metals, Energy |
Trading assets |
1000+ |
24000+ |
Trading Accounts |
Standard, Demo |
ECN Standard, ECN Prime, ECN Institutional |
Base Account Currencies |
USD |
USD |
eToro vs BlackBull Markets: Fees
| eToro | BlackBull Markets | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,3 |
0,2 |
Standard acc. spread EUR/USD, max pips |
1,1 |
0,8 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,3 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
5 |
5 |
Inactivity fee, $ |
10 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
eToro vs BlackBull Markets: Trading Assets
| Asset Name | eToro | BlackBull Markets |
|---|---|---|
Overall |
1000+ |
24000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
Yes |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
eToro or BlackBull Markets: Investment Programs
| Asset Name | eToro | BlackBull Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: BlackBull Markets or eToro
| eToro | BlackBull Markets | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
eToro |
No |
Others |
No |
No |
|
|
|
eToro vs BlackBull Markets: Deposit and Withdrawal Methods
| eToro | BlackBull Markets | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
eToro vs BlackBull Markets: Research
| Research Type | eToro | BlackBull Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
eToro vs BlackBull Markets: Education
| Education Type | eToro | BlackBull Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
BlackBull Markets vs eToro: Support
| Support Features | eToro | BlackBull Markets |
|---|---|---|
Working Days |
24/5 |
24/6 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
eToro vs BlackBull Markets: Forex Bonuses and Promo
| Promo | eToro | BlackBull Markets |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
$100-250 per trader |
If you refer a new client to BlackBull Markets, who funds and trades on their account, we will deposit up to US$250 into both you and your friend’s trading accounts as a thank you bonus. |
Other Promos |
No |
|
|
|
|
Top 5 Reviews on BlackBull Markets
-
Comment
BlackBull Markets offers a wide range of platforms: MetaTrader 4/5, WebTrader, TradingView, and its proprietary BlackBull Trade. A nice benefit is the free demo account and the ability to trade with no minimum deposit on a standard account. Leverage goes up to 1:500, and traders can choose from multiple account currencies — USD, EUR, GBP, AUD, NZD, SGD, CAD, and JPY. Trading fees are moderate, with EUR/USD spreads starting from 0.3 pips and a fixed $5 withdrawal fee (or equivalent). The broker supports trading in over 70 currency pairs as well as CFDs across a broad range of assets. Despite this variety, most instruments are offered only as CFDs, and there are no PAMM or MAM accounts. BlackBull Markets is regulated by the FSA (Seychelles) and the FMA (New Zealand).
-
Comment
BlackBull Markets offers clients a choice of three types of live accounts, allowing traders to select the option that best suits their individual strategies. The minimum trade size is 0.01 lots, and leverage can go up to 1:500. A key feature of this broker is the absence of a minimum deposit for the standard account, making the platform accessible to beginner traders. Spreads on major pairs start from 0.3 pips, which is below the industry average, and withdrawal fees are fixed at 5 units of the base currency regardless of the amount. The broker provides access to over 17,000 instruments, including 70 currency pairs and a wide range of CFDs on stocks, indices, commodities, and cryptocurrencies. Supported platforms include MT4, MT5, WebTrader, TradingView, and BlackBull’s own trading platform, BlackBull Trade. For passive investors, copy trading services and a referral program are also available. BlackBull Markets is regulated by the FSA and FMA, offering a moderate level of security (rated 7 out of 10).
-
Comment
I started cooperating with BlackBull Markets in November of last year. Initially, I traded on a demo account, testing the broker and my trading strategy. After successful testing, I opened a real account with BlackBull Markets. So far, I can't say anything negative about the broker. Trades are executed quickly, although the platform can sometimes freeze for 10-15 minutes. But such situations are rare.
-
Comment
Blackbull Markets has not passed my own check. I deposited funds to test the broker, traded a little, and found serious issues. I have a lot of experience and obvious problems with opening orders and operation of the platform are clear to me. Then I did a simple check — I opened a trade on another platform and opened a trade on Blackbull Markets. The difference in quotes was greater, although the trade and the asset were the same. I do not recommend Blackbull Markets.
-
Comment
I started trading with BlackBull Markets and everything seemed fine, but when I increased my lots, the platform started randomly logging me out. Several times, when I expected significant profits, they closed my positions at a loss, explaining that the position was too large, although I still had enough margin. I no longer recommend trading with BlackBull Markets and advise caution.
Top 5 Reviews on eToro
-
Comment
The broker offers only one account currency — USD. It supports trading across a wide range of assets, including currencies, stock indices, commodities, and cryptocurrencies. Deposits can be made via cards, Skrill, PayPal, and even YooMoney. Some nuances include a withdrawal fee, an STP model without ECN, and a lack of advanced analytical tools on the website. Despite these aspects, eToro consistently maintains its position in international rankings.
-
Comment
eToro is suitable for investors who want to copy successful traders. It offers the Popular Investor feature, where you can earn up to 2% of the copied volume. The platform is fully web-based and mobile-friendly, with a low entry threshold. The downside is the high spreads and a limit of 100 copiers per lead trader. There’s also no option to use expert advisors or algorithms.
-
Comment
I opened an account on eToro with the minimum deposit of $50, and the platform's interface turned out to be convenient, especially in terms of copy trading. The minimum amount for copy trading is only $1, which makes it easy to start. The available instruments include stocks, currencies, commodities, and cryptocurrencies. On the downside, there is no MT4/MT5, and withdrawals cost $5. Also, the number of followers is limited — a maximum of 100 traders can copy one.
-
Comment
Been using eToro for full year and here is my impartial review of the broker: Most compatible for trading stocks with its zero-fee structure for securities, but charges high for crypto + high spread for forex Order fulfillment is fast and glitches rarely happen. If they do, their customer service agent will promptly reach out to explain the issue and find a common ground to solve it Great for portfolio diversification with the availability of thousands of tradable assets Simple trading terminal with a number of good features e.g. copy trading, social trading, etc No deposit fee + $5 fee for withdrawals (regardless of the amount) Has a lot of ancillary charges such as inactivity fee, currency conversion fee, and overnight fee
-
Comment
Everyone advised never to trade crypto using eToro so I did it. I was more than convinced to try it after seeing all these reviews. To address the elephant in the room, yes the 1% fee to trade crypto is true and you can really feel it when you are trading in small volume. But if you have the capital to make bigger bets then this is a treat, this percentage is next to nothing after all those profits. I also like the transparency of the fee structure, it's upfront and if you agree to trade on it then you already expect what they are getting from you. From my experience with other brokers advertising their "zero commission" trading offers, that's pure bs. All of them have to profit one way or another and I prefer the one that says it beforehand.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).