AvaTrade
Blackbull Markets
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while Blackbull Markets was established in 2014 and is based in New Zealand. AvaTrade holds licences including Central Bank of Ireland, while Blackbull Markets is regulated by Financial Services Providers Register (FSPR) among others. AvaTrade serves 200,000+ clients worldwide; Blackbull Markets has 10,000+. The minimum deposit is $250 at AvaTrade and $200 at Blackbull Markets.
| Feature | AvaTrade | Blackbull Markets |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Services Providers Register (FSPR), FSPR number: FSP403326 |
| Founded | 2006 | 2014 |
| Country | The British Virgin Islands | New Zealand |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and Blackbull Markets, directly affecting your bottom line as a trader. Blackbull Markets has a lower barrier to entry with a minimum deposit of $200 (vs $250 at AvaTrade). Blackbull Markets charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. Blackbull Markets charges deposit fees; AvaTrade does not. Overall, Blackbull Markets scores higher on fees in our assessment.
| Feature | AvaTrade | Blackbull Markets |
|---|---|---|
| Min. Deposit | $250 | $200 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
AvaTrade offers MT4, MT5, cTrader, while Blackbull Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which Blackbull Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | Blackbull Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,MT5,mac,Android.iPhone/iPad |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and Blackbull Markets compare. Blackbull Markets runs regular live webinars; AvaTrade does not. Both provide video tutorials. Blackbull Markets publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. Blackbull Markets maintains an archive of past webinars for on-demand viewing. Blackbull Markets scores higher overall in education and research.
| Feature | AvaTrade | Blackbull Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while Blackbull Markets supports 3 (credit/debit card, Skrill, Neteller). AvaTrade uniquely supports bank transfer and PayPal among the two brokers. Blackbull Markets uniquely supports Skrill among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | Blackbull Markets |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and Blackbull Markets offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and Blackbull Markets supports 15, giving Blackbull Markets broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | Blackbull Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |