Pepperstone vs BlackBull Markets - Fees Review included
Which broker is better Pepperstone or BlackBull Markets? Our expert assessment conducted according to TU’s own methodology showed that Pepperstone is one of the top brokers in the financial market with the TU Overall Score of 7.22 out of 10. BlackBull Markets is one of the top brokers in the financial market with the TU Overall Score of 5.36 out of 10. Find out more about TU Overall Score.
Feature | Pepperstone | BlackBull Markets |
---|---|---|
Overall |
4.4 |
3.2 |
4.7 |
4 |
|
4.7 |
3.8 |
|
4.4 |
4 |
|
Investment Instruments |
4.4 |
1.7 |
Platforms and Charting Tools |
4.8 |
4.1 |
Deposit and Withdrawal |
4.5 |
3.7 |
Research |
3.9 |
2.6 |
Education |
4.1 |
3.8 |
Support |
4.3 |
3 |
Bonuses |
3.2 |
1.6 |
|
|
Pepperstone vs BlackBull Markets: Pros and Cons
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. They also focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading. Today, the broker provides clients all over the world with some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help not only master trading as a type of activity, but also significantly increase the efficiency of trades. Pepperstone is regulated by ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), BaFin, DFSA, CMA, SCB, CySec. Clients' assets are held in aggregated accounts with major banks. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
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.
Pepperstone | BlackBull Markets | |
---|---|---|
Overall Pros | Fast order execution - 30 ms on average | Over 24000 trading assets |
Low trading fees | 3 ECN accounts | |
Strong luqidity | Well-regulated broker | |
Advanced ECN account | ||
Access to TradingView's advanced charting tools | ||
Strong regulation | ||
Overall Cons | The company offer Crypto CFDs outside Africa and UK | Only one account currency |
Small choice of investing programs |
Pepperstone vs BlackBull Markets: Safety and Regulation
Regulated By: | Pepperstone | BlackBull Markets |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Dubai Financial Services Authority (DFSA), BAFIN, SCB, CMA |
FMA |
Pepperstone vs BlackBull Markets: Trading Conditions
Trading Conditions | Pepperstone | BlackBull Markets |
---|---|---|
Minimum Deposit |
$0 |
$200 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
MT4, МТ5, Webtrader, Mobile platforms |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Forex, Index CFDs, Commodities, Precious Metals, Energy |
Trading assets |
1200+ |
24000+ |
Trading Accounts |
Razor, Standard |
ECN Standard, ECN Prime, ECN Institutional |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
USD |
Pepperstone vs BlackBull Markets: Fees
Forex Trading Fees
Fee | Pepperstone | BlackBull Markets |
---|---|---|
Standard Account EURUSD Average Spread |
0.77 pips |
0.824 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
MT4/MT5 Razro - $3.5 per lot. cTrader - $3 per lot |
$0 |
ECN Account EUR Average Spread |
0.17 pips |
0.1 pips |
CFD Trading Fees
Fee | Pepperstone | BlackBull Markets |
---|---|---|
CFD Trading Fee |
US Shares and ETF CFDs - $0.02 per share, AU shares CFDs - 0.07$ (minimum AUD5), UK shares CFDs - 0.1% (minimum £10), German shares CFDs - 0.1% (minimum €10) Other markets - floating spread |
Floating spread |
Non-Trading Fees
Fee | Pepperstone | BlackBull Markets |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
0.05 |
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.
Pepperstone vs BlackBull Markets: Trading Assets
Asset Name | Pepperstone | BlackBull Markets |
---|---|---|
Overall |
1200+ |
24000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Pepperstone or BlackBull Markets: Investment Programs
Asset Name | Pepperstone | BlackBull Markets |
---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: BlackBull Markets or Pepperstone
Pepperstone | BlackBull Markets | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
No |
No |
Others |
TradingView |
No |
|
|
Pepperstone vs BlackBull Markets: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Pepperstone | BlackBull Markets |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not available for all countries) |
Yes |
Crypto |
No |
No |
Pepperstone vs BlackBull Markets: Research
Research Type | Pepperstone | BlackBull Markets |
---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Pepperstone vs BlackBull Markets: Education
Education Type | Pepperstone | BlackBull Markets |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
BlackBull Markets vs Pepperstone: Support
Support Features | Pepperstone | BlackBull Markets |
---|---|---|
Working Days |
24/5 |
24/6 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Pepperstone vs BlackBull Markets: Forex Bonuses and Promo
Promo | Pepperstone | BlackBull Markets |
---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
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 |
Active trader program - Members of the program are paid a daily rebate, which allows them to offset part of their costs. The amount of the rebate depends on the number of trades performed by the trader per month. The rebate for one currency lot is 15%. What’s more, active traders get priority support and free VPS hosting. |
|
|
|
Top 5 Reviews on BlackBull Markets
-
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.
-
Comment
I do not recommend dealing with Blackbull and its traders. They strive to take all the money from the client’s account and use all possible methods and techniques to do this. I myself received less profit because I trusted an inexperienced trader recommended by this company. As a result, after three months my account was reset and there was only $50 left of $1,000. Therefore, I advise you not to deal with Blackbull.
-
Comment
This looks very much like fraud! I registered my account just a month ago and transferred $5000 to BlackBull. Now, I can't log in to my account; they are blocking me by IP. I've contacted BlackBull's customer support, but no one is responding. It's disheartening if this platform turns out to be fraudulent.
Top 5 Reviews on Pepperstone
-
Comment
As a beginner trader on Pepperstone, one of the biggest tools you should spend time practicing with is the demo account. This is where you can get the perfect practical experience you need to manage the risk the Forex market is known to exist with. You cannot survive in the trading sector if you do not know how to analyze charts using candles and several indicators available on Pepperestone. You can find good trading signals from tools like AutoChartist and the Professional Forex Signal Service, which allow you to copy trading strategies from a large selection of signal providers in a few minutes. But, I would suggest that beginner traders learn how to analyze the market using tools available (charts and indicators) on the Pepperstone demo account, as it will help them learn and become better traders from the trading signals they copy from professionals if they can interpret the strategies.
-
Comment
When I first traded on Pepperstone, one of the trading features i did not quickly understand but rated it as important when i get to understand what it is used for is pips. Infact beginner traders should learn about pips and use them very well when practicing on the demo account provided by Pepperstone. In Forex Trading, Pips happen to be the smallest unit price move an exchange rate makes, and the value depends on the currency pair, trade value and exchange rate. Understanding and utilizing PIPs is crucial for traders as it allows them to accurately assess profit and loss, determine entry and exit points, set stop-loss and take-profit levels, and calculate risk-reward ratios. Additionally, PIPs provide a standardized method for comparing currency pair performance and evaluating market volatility. I would use the Pepperstone pip calculator to calculate the pip value of pairs before i trade. For example, when trading EUR/USD the fixed pip is at 0.01. The value of one pip size is calculate by multiplying the trade value by 0.01.
-
Comment
When trading on Pepperstone, one of the useful tools that make trading much easier is the Autochartist. Analyzing trades to good trade opportunities in real time is when most of the daunting tasks in trading lie. Since the broker incorporates the Autochartist tool, I use the tool to identify chart patterns using technical indicators such as Fibonacci retracements. It is built to recognize trading opportunities based on support and resistance levels, and it keeps an eye on the markets around-the-clock to notify you when there are opportunities to trade. Pepperstone Autochartist is simple to use. First, download the Autochartist mobile app. Next, choose Trading Tools from the secure client area. Next, choose Login to the Mobile App. Finally, use your smartphone to scan the QR code to begin using Pepperstone Autochartist. I use the autochartist in MT4 and MT5 to directly plot trend lines and obtain price forecasts. Simply analyzing the price graph will allow traders to select trades.
-
Comment
Pepperstone Broker is licensed by ASIC regulator, with over ten years of experience, offering conditions suitable for traders of various levels. I started with two hundred dollars, offering spreads from zero, many instruments, and fast execution. Now, about what the company lacks. There are no micro accounts here, and high leverage is only available to professional traders. But I am satisfied with the reliability, quality of services, and the working terminal at Pepperstone Broker.
-
Comment
Pepperstone offers decent trading conditions. I trade all liquid instruments on the Standard account. Everything suits me here. In general, the performance is also not disappointing. I recommend it.
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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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!