Eightcap vs BlackBull Markets - Fees Review included
Which broker is better Eightcap or BlackBull Markets? Our expert assessment conducted according to TU’s own methodology showed that Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.1 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 | Eightcap | BlackBull Markets |
|---|---|---|
Overall |
2.9 |
3.2 |
3.3 |
4 |
|
3.7 |
3.8 |
|
3.7 |
4 |
|
Investment Instruments |
1 |
1.7 |
Platforms and Charting Tools |
3.5 |
4.1 |
Deposit and Withdrawal |
3.6 |
3.7 |
Research |
3.9 |
2.6 |
Education |
3.4 |
3.8 |
Support |
3.6 |
3 |
Bonuses |
4 |
1.6 |
|
|
|
Eightcap vs BlackBull Markets: Pros and Cons
Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.
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.
| Eightcap | BlackBull Markets | |
|---|---|---|
| Overall Pros | a large number of trading assets | Over 24000 trading assets |
| Low fees | 3 ECN accounts | |
| Good bonus programs | Well-regulated broker | |
| Raw account avaible | ||
| Overall Cons | High minimum deposit - $100 | Only one account currency |
| lack of investment programs | Small choice of investing programs |
Eightcap vs BlackBull Markets: Safety and Regulation
| Eightcap | 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) |
No |
Yes |
Eightcap vs BlackBull Markets: Trading Conditions
| Trading Conditions | Eightcap | BlackBull Markets |
|---|---|---|
Minimum Deposit |
$100 |
$200 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
MT4, МТ5, Webtrader, Mobile platforms |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-500 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Forex, Index CFDs, Commodities, Precious Metals, Energy |
Trading assets |
3620+ |
24000+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
ECN Standard, ECN Prime, ECN Institutional |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
USD |
Eightcap vs BlackBull Markets: Fees
| Eightcap | BlackBull Markets | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,4 |
0,2 |
Standard acc. spread EUR/USD, max pips |
1,5 |
0,8 |
ECN Commission |
3,5 |
3 |
ECN Spread EUR/USD |
0,1 |
0,3 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
5 |
Inactivity fee, $ |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs BlackBull Markets: Trading Assets
| Asset Name | Eightcap | BlackBull Markets |
|---|---|---|
Overall |
3620+ |
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 |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Eightcap or BlackBull Markets: Investment Programs
| Asset Name | Eightcap | BlackBull Markets |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: BlackBull Markets or Eightcap
| Eightcap | BlackBull Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
Eightcap vs BlackBull Markets: Deposit and Withdrawal Methods
| Eightcap | BlackBull Markets | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Eightcap vs BlackBull Markets: Research
| Research Type | Eightcap | BlackBull Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Eightcap vs BlackBull Markets: Education
| Education Type | Eightcap | BlackBull Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
BlackBull Markets vs Eightcap: Support
| Support Features | Eightcap | BlackBull Markets |
|---|---|---|
Working Days |
24/7 |
24/6 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Eightcap vs BlackBull Markets: Forex Bonuses and Promo
| Promo | Eightcap | BlackBull Markets |
|---|---|---|
Forex Bonus |
If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus |
No |
Affiliate Program |
You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD |
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 |
||
|
|
|
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 Eightcap
-
Comment
Eightcap provides a high level of protection — negative balance is excluded, margin call triggers at 80%, and stop out at 50%. Trading is conducted through popular terminals and covers CFDs on more than 800 assets. The minimum deposit is $100, which is average for the market, but the lack of investor programs and passive income options reduces the broker’s versatility. It’s also worth noting that spreads on standard accounts can reach up to 1 pip, despite the advertised from 0.1 pips. Overall, Eightcap is aimed at active traders focused on analysis and their own decisions.
-
Comment
Eightcap is a brokerage platform offering a minimum order size of 0.01 lots and a wide range of CFD contracts. One of the company’s strongest advantages is its licensing in the UK, Australia, Cyprus, and the Bahamas. Available account types include Standard, Raw, and Demo, with the demo account provided free for 30 days. The absence of a partnership program and promotional contests may limit its appeal to some users. Nevertheless, the high-quality educational materials and real-time analytics make Eightcap a solid choice for traders focused on independent trading.
-
Comment
Eightcap is regulated by four authorities, including the FCA (with up to £85,000 in fund protection), making it one of the safest options on the market. Spreads on the EUR/USD pair start from 0.1 pips, and leverage is available up to 1:500. However, the company does not offer bonus programs or promotional deals, setting it apart from competitors with more aggressive marketing strategies. Trading is available in USD, EUR, GBP, AUD, and other currencies, and deposits are supported through more than 10 payment systems, including PayPal and cryptocurrencies. Eightcap focuses on a stable infrastructure rather than entertainment features.
-
Comment
Eightcap offers trading on more than 800 instruments, including currency pairs, cryptocurrencies, indices, and commodities. The minimum deposit is $100, which might be a barrier for beginners. The broker supports MT4, MT5, and TradingView platforms, with spreads starting from 0.1 pips. However, there are no PAMM accounts or copy trading options, so it may not suit passive investors. On the plus side, regulation by the FCA, ASIC, and CySEC indicates a high level of reliability. Customer support is consistent, though a full set of documents is required to open an account.
-
Comment
I really like trading with Eightcap. The conditions are quite favorable - spreads are adequate, commissions are not stifling, and everything is transparent. I would like to emphasize order execution: everything happens smoothly, without delays and unexpected slippages, which is especially important when trading actively. The interface is clear, the platform works stably - it does not freeze at the wrong moment, as it happened to me with other brokers. Input and withdrawal are also carried out without any problems. So far, everything is satisfactory, and there are no serious reasons for dissatisfaction. So at the moment it is quite a decent option for those who want to trade confidently and without constant minor annoyances.
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.