Blackbull Markets
First Trade
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Overview
Blackbull Markets was founded in 2014 and is headquartered in New Zealand, while First Trade was established in 2008 and is based in USA. Blackbull Markets holds licences including Financial Services Providers Register (FSPR), while First Trade is regulated by Securities and Exchange Commission (SEC) among others. Blackbull Markets serves 10,000+ clients worldwide; First Trade has 10,000+. The minimum deposit is $200 at Blackbull Markets and $5 at First Trade.
| Feature | Blackbull Markets | First Trade |
|---|---|---|
| Min. Deposit | $200 | $5 |
| Regulation | Financial Services Providers Register (FSPR), FSPR number: FSP403326 | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2014 | 2008 |
| Country | New Zealand | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Blackbull Markets and First Trade, directly affecting your bottom line as a trader. Blackbull Markets has a lower barrier to entry with a minimum deposit of $200 (vs $5 at First Trade). Both brokers charge withdrawal fees. Blackbull Markets charges deposit fees; First Trade does not. Overall, First Trade scores higher on fees in our assessment.
| Feature | Blackbull Markets | First Trade |
|---|---|---|
| Min. Deposit | $200 | $5 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Blackbull Markets offers MT4, MT5, cTrader, while First Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Blackbull Markets | First Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,MT5,mac,Android.iPhone/iPad | MT4,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Blackbull Markets and First Trade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Blackbull Markets | First Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Blackbull Markets accepts 3 of the tracked payment methods (credit/debit card, Skrill, Neteller), while First Trade supports 2 (bank transfer, credit/debit card). Blackbull Markets uniquely supports Skrill and Neteller among the two brokers. First Trade uniquely supports bank transfer among the two brokers. Blackbull Markets scores higher on deposit and withdrawal flexibility.
| Feature | Blackbull Markets | First Trade |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Blackbull Markets and First Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Blackbull Markets supports 15 languages and First Trade supports 2, giving Blackbull Markets broader global reach. Both brokers are comparable on support quality.
| Feature | Blackbull Markets | First Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, and Chinese |