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Head to head
BlackBull Markets or Exness? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.
Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.
A New Zealand ECN broker with excellent platforms, real institutional plumbing — and no investor compensation anywhere.
Institutional-grade pricing and instant withdrawals, wrapped in an offshore licence that carries no compensation scheme.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
Four decision axes, each derived from the recorded data.
Overall Exness takes it, 3.8 against 3.7 out of 5. BlackBull Markets is the cheaper of the two: a reference EUR 5,000 stock order costs €0.92 there against €5.00. Exness scores 74 against 73 out of 100 on the group index. Your account's protection depends on its legal entity. BlackBull Markets covers more ground with 11 of 14 asset classes against 6. On platform and app Exness is ahead, 4.1 against 3.8 out of 5. Which one is right depends on which of these axes matters for your trading profile.
BlackBull MarketsBlackBull MarketsBlackBull MarketsBlackBull MarketsBlackBull MarketsUp to four brokers at once — every row a decision point.
Data as of: 30 Aug 2026
| Criterion | ||
|---|---|---|
| Overall score | 3.7 | 3.8 — Better |
| Group index | 73 of 100 | 74 of 100 |
| Best for | Active forex and CFD traderscTrader and TradingView usersCopy tradersTraders with no minimum capitalSwiss and non-EU clients wanting high leverage | High-frequency FX tradersCost-sensitive scalpingInstant withdrawalsGold and metalsEmerging-market payment rails |
| Regulation | FMAFSA | FCACySECFSCAFSACBCSFSC BVI |
| Top-tier licences | 1 | 1 |
| Investor protection | None | £85,000 — Better |
| Listed group | No | No |
| Banking licence | No | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | Yes | Yes |
| Audited financials | Yes | Yes |
| Disclosed regulatory actions | None | None |
| Founded | 2014 | 2008 |
| Headquarters | Auckland, NZ | Limassol, CY |
| Fees | 4.0 | 4.3 — Better |
| Safety & regulation | 3.0 | 3.0 |
| Trading platform | 3.9 | 3.9 |
| Product range | 3.6 — Better | 3.0 |
| Mobile app | 3.6 | 4.2 — Better |
| Research | 3.0 | 3.2 — Better |
| Customer support | 4.1 | 4.3 — Better |
| Deposit & withdrawal | 3.8 | 4.8 — Better |
| Account opening | 4.8 — Better | 4.6 |
| Education | 3.9 — Better | 3.0 |
| Reference order EUR 5,000 | €0.92 — Better | €5.00 |
| Minimum deposit | None — Better | US$10 |
| Stocks (per order) | US$0.02/share | in the spread |
| US stocks | n/a | in the spread |
| ETFs | Not offered | Not offered |
| Options | Not offered | Not offered |
| Futures | in the spread | Not offered |
| Crypto | in the spread | in the spread |
| Bonds (order) | n/a | n/a |
| Funds (order) | n/a | n/a |
| EUR/USD spread | 1.16 pips | 1.0 pips — Better |
| Index CFD spread | 0.6 points | n/a |
| FX conversion | 0.01 % | n/a |
| Inactivity fee | None | None |
| Custody fee | None | n/a |
| Withdrawal fee | US$5 | free — Better |
| Deposit fee | free | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 11 — Better | 6 |
| Exchanges | n/a | n/a |
| Stocks | Yes | Yes |
| ETFs | Yes | No |
| Options | Yes | No |
| Futures | Yes | No |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
| Bonds | Yes | No |
| Funds | No | No |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Warrants | No | No |
| Spread betting | No | No |
| Social trading | Yes | No |
| Platforms | MetaTrader 4MetaTrader 5cTraderTradingViewBlackBull CopyTraderBlackBull InvestBlackBull Client PortalZuluTrade and Myfxbook AutoTrade | Exness TerminalMetaTrader 5MetaTrader 4Exness TradeTradingView |
| Demo account | Yes | Yes |
| Fractional shares | No | No |
| Maximum leverage | 1:500 | 1:2000 · Pro 1:2000 |
| Account opening | Fully online in roughly 10–15 minutes; usually approved within one business day | Under 10 minutes online; verification typically clears the same day |
| Account types | ECN StandardECN PrimePrime+Swap-free (Islamic)BlackBull Invest | StandardStandard CentProZeroRaw Spread |
| Payment methods | Bank transferCredit cardDebit cardSkrillNeteller | Credit cardDebit cardBank transferCryptoSkrillNeteller |
| Account currencies | USDEURGBPAUDNZDSGDCADJPYZAR | USDEURGBP |
| Deposit time | Cards and e-wallets typically instant; bank transfers 1–3 business days | Instant for cards, e-wallets and crypto; up to 1 business day for bank transfer |
| Withdrawal time | Around 1 business day in independent testing; card and e-wallet withdrawals are capped at the amount deposited by that method | Automated and typically instant, 24/7, back to the original method |
| Free withdrawals | n/a | n/a |
| Languages | EnglishSpanishThaiArabicChinesePortugueseRussianUzbek | EnglishArabicChineseThaiVietnameseIndonesianHindiBanglaUrduSwahili+4 |
| Channels | PhoneEmailLive chatWhatsApp | Live chatEmailPhone |
| Availability | 24/7, with separate English and Spanish WhatsApp lines and a New Zealand freephone number | 24/7 |
Editorial assessment based on the recorded data.
BlackBull Markets
A New Zealand ECN broker with excellent platforms, real institutional plumbing — and no investor compensation anywhere.
Pros
Cons
Best for
Exness
Institutional-grade pricing and instant withdrawals, wrapped in an offshore licence that carries no compensation scheme.
Pros
Cons
Best for
Open an account with either
A demo account costs nothing and answers the platform question in ten minutes.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
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