Head to head

Eightcap vs BlackBull Markets — which broker is better?

Eightcap or BlackBull Markets? 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.

Eightcap

A cost-competitive CFD broker with the best TradingView integration in the business — and a regulatory structure you need to read carefully.

3,8

Group index 74/100Protection depends on your legal entity

ASICFCACySEC+3

Stocks (per order): in the spread
Minimum deposit: US$100
EUR/USD spread: 1.0 pips

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BlackBull Markets

A New Zealand ECN broker with excellent platforms, real institutional plumbing — and no investor compensation anywhere.

3,7

Group index 73/100Protection depends on your legal entity

FMAFSA

Stocks (per order): US$0.02/share
Minimum deposit: None
EUR/USD spread: 1.16 pips

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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.

The verdict in numbers

Four decision axes, each derived from the recorded data.

Overall Eightcap 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. Eightcap 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 Eightcap is ahead, 4.0 against 3.8 out of 5. Which one is right depends on which of these axes matters for your trading profile.

Overall score

Eightcap: 3.8 — Better
BlackBull Markets: 3.7

Costs

Eightcap: €5.00
BlackBull Markets: €0.92 — Better

Group indexNo winner

Eightcap: 74 of 100
BlackBull Markets: 73 of 100

Product range

Eightcap: 6/14
BlackBull Markets: 11/14 — Better

Platform & app

Eightcap: 4.0 — Better
BlackBull Markets: 3.8

Compare brokers side by side

Up to four brokers at once — every row a decision point.

Data as of: 30 Aug 2026

Best value in the row

Eightcap · BlackBull Markets
Criterion	Eightcap 3,8 Visit broker	BlackBull Markets 3,7 Visit broker

Overall score	3.8 — Better	3.7
Group index	74 of 100	73 of 100
Best for	TradingView-native tradersFX and index CFD scalpersMetaTrader EA usersCost-sensitive active tradersTraders wanting a low entry deposit	Active forex and CFD traderscTrader and TradingView usersCopy tradersTraders with no minimum capitalSwiss and non-EU clients wanting high leverage

Regulation	ASICFCACySECSCBFSAFSC	FMAFSA
Top-tier licences	2 — Better	1
Investor protection	£85,000 — Better	None
Listed group	No	No
Banking licence	No	No
Segregated client accounts	Yes	Yes
Negative balance protection	No	Yes
Audited financials	Yes	Yes
Disclosed regulatory actions	None	None
Founded	2009	2014
Headquarters	Melbourne, AU	Auckland, NZ

Fees	4.2 — Better	4.0
Safety & regulation	3.0	3.0
Trading platform	4.2 — Better	3.9
Product range	3.2	3.6 — Better
Mobile app	3.8 — Better	3.6
Research	3.4 — Better	3.0
Customer support	4.0	4.1 — Better
Deposit & withdrawal	4.4 — Better	3.8
Account opening	4.3	4.8 — Better
Education	3.5	3.9 — Better

Reference order EUR 5,000	€5.00	€0.92 — Better
Minimum deposit	US$100	None — Better
Stocks (per order)	in the spread	US$0.02/share
US stocks	n/a	n/a
ETFs	Not offered	Not offered
Options	Not offered	Not offered
Futures	Not offered	in the spread
Crypto	in the spread	in the spread
Bonds (order)	n/a	n/a
Funds (order)	n/a	n/a
EUR/USD spread	1.0 pips — Better	1.16 pips
Index CFD spread	n/a	0.6 points
FX conversion	n/a	0.01 %
Inactivity fee	None	None
Custody fee	n/a	None
Withdrawal fee	free — Better	US$5
Deposit fee	free	free
Overnight financing	n/a	n/a
Other fees	Standard account: No commission on FX, indices, commodities and crypto; spreads from 1.0 pip on EUR/USD. Minimum deposit USD 100. Raw account: Spreads from 0.0 pips plus commission per side per standard lot: 3.50 in AUD/USD/NZD/SGD/CAD, 2.75 in EUR, 2.25 in GBP. Minimum deposit USD 100. Inactivity fee: None published Deposit and withdrawal fees: Eightcap charges no internal fees; card, wallet and bank intermediaries may still charge Margin call / stop-out: 80% margin call, 50% stop-out Trade size: 0.01 lots minimum, 100 lots maximum per order +1	ECN Prime / Prime+ commission: USD 3.00 per lot per side (USD 6 per round turn) on top of the raw spread; EUR/USD averaged 0.16 pips over the twelve months to October 2025, so a standard-lot round turn lands at roughly USD 7.60 all-in ECN Standard commission: None — the whole cost sits in the spread. Advertised from 0.8 pips, but EUR/USD averaged 1.16 pips over the twelve months to October 2025, roughly USD 11.60 per standard-lot round turn Inactivity fee: None Custody / account fee: None Currency conversion: Liquidity-provider rate plus a mark-up, measured at roughly 0.01% in independent testing Swap-free (Islamic) accounts: Available on all account types, but subject to administrative fees; BlackBull reserves the right to revoke swap-free status +2

Asset classes (of 14)	6	11 — Better
Exchanges	n/a	n/a
Stocks	Yes	Yes
ETFs	No	Yes
Options	No	Yes
Futures	No	Yes
Forex	Yes	Yes
CFDs	Yes	Yes
Crypto	Yes	Yes
Bonds	No	Yes
Funds	No	No
Commodities	Yes	Yes
Indices	Yes	Yes
Warrants	No	No
Spread betting	No	No
Social trading	No	Yes

Platforms	MetaTrader 4MetaTrader 5TradingViewTradeLockerMetaTrader mobile apps	MetaTrader 4MetaTrader 5cTraderTradingViewBlackBull CopyTraderBlackBull InvestBlackBull Client PortalZuluTrade and Myfxbook AutoTrade
Demo account	Yes	Yes
Fractional shares	No	No
Maximum leverage	1:500 · Pro 1:500	1:500
Account opening	Fully online — form plus ID and proof-of-address upload; usually approved within one business day	Fully online in roughly 10–15 minutes; usually approved within one business day
Account types	StandardRaw	ECN StandardECN PrimePrime+Swap-free (Islamic)BlackBull Invest

Payment methods	Bank transferCredit cardDebit cardPayPalSkrillNetellerCrypto	Bank transferCredit cardDebit cardSkrillNeteller
Account currencies	AUDCADEURGBPNZDSGDUSD	USDEURGBPAUDNZDSGDCADJPYZAR
Deposit time	Instant for cards, PayPal, Skrill, Neteller and crypto; 1–5 business days for wire transfer	Cards and e-wallets typically instant; bank transfers 1–3 business days
Withdrawal time	1 business day for Skrill and Neteller, instant for crypto, 1–5 business days for cards and wire	Around 1 business day in independent testing; card and e-wallet withdrawals are capped at the amount deposited by that method
Free withdrawals	n/a	n/a

Languages	EnglishGermanSpanishFrenchItalianPortugueseChineseThaiIndonesian	EnglishSpanishThaiArabicChinesePortugueseRussianUzbek
Channels	Live chatEmailPhone	PhoneEmailLive chatWhatsApp
Availability	24/5, market hours	24/7, with separate English and Spanish WhatsApp lines and a New Zealand freephone number

Strengths and weaknesses side by side

Editorial assessment based on the recorded data.

Eightcap

A cost-competitive CFD broker with the best TradingView integration in the business — and a regulatory structure you need to read carefully.

3,8

Pros

Raw account is cheap for the segment: 0.0-pip spreads plus roughly USD 3.50 per side per standard lot, or about USD 7 round turn on EUR/USD
Best-in-class TradingView integration — trade the live account from TradingView charts across 1,000+ symbols, not just a read-only feed
Four platforms on one account: MT4, MT5, TradingView and TradeLocker, so you are not locked into MetaTrader
No inactivity fee and no internal deposit or withdrawal fees, including on PayPal, Skrill, Neteller and crypto rails
Low USD 100 minimum on both account types, with seven base currencies including EUR and GBP
Broad funding menu with regional rails (INTERAC, PIX, UnionPay, Thai QR) and instant card, wallet and crypto deposits
The regulated entities check out on primary sources: Eightcap Pty Ltd has held ASIC AFSL 391441 since 2009, Eightcap Group Ltd appears on the FCA register under FRN 921296, and Eightcap EU Ltd holds CySEC licence 246/14 granted in July 2014
Negative balance protection on the ASIC-, FCA- and CySEC-booked entities, and an 80% margin call / 50% stop-out ladder that is stated up front

Cons

The group's legal-documents page still lists only Bahamas (SIA-F220), Seychelles (SD100), Mauritius (GB25204603) and a St Vincent company, so the one page built to tell you who you contract with names none of the regulated entities — and the FCA has published a clone warning for 'Eightcap VIP' / eightcap.vip, which is not the authorised firm
CFDs only: no real shares, no ETFs, no bonds, no funds, no listed options or futures, and no spot crypto you can withdraw
Share-CFD commissions are not published on the public account-comparison page, so equity traders cannot price a trade before opening an account
No proprietary mobile app — you are handed MetaTrader, TradingView or TradeLocker, none of which carry Eightcap's own onboarding, funding and reporting flow
Up to 500:1 leverage on the offshore entities, which is a retail-harm risk dressed as a selling point
No withholding of German Abgeltungsteuer or Austrian KESt — CFD gains must be declared yourself, and German losses from Termingeschäfte face restrictive offsetting rules

Best for

TradingView-native tradersFX and index CFD scalpersMetaTrader EA usersCost-sensitive active tradersTraders wanting a low entry deposit

BlackBull Markets

A New Zealand ECN broker with excellent platforms, real institutional plumbing — and no investor compensation anywhere.

3,7

Pros

No minimum deposit at all — every account tier including Prime opens from USD 0
Prime pricing of USD 3.00 per lot per side with EUR/USD averaging 0.16 pips — about USD 7.60 all-in on a standard-lot round turn
Platform range beats brokers many times its size: MT4, MT5, cTrader, native TradingView, in-house CopyTrader, ZuluTrade and Myfxbook
LMAX ECN liquidity into Equinix-hosted servers with sub-100ms average execution — genuine institutional plumbing rather than marketing language
24/7 support across phone, email, live chat and dedicated English and Spanish WhatsApp lines, consistently praised in recent public feedback
No inactivity fee, no custody fee, no account fee, and nine base currencies including NZD, SGD and ZAR
Milford Asset Management, a NZ$34bn manager, holds a minority stake — an outside investor with reputational skin in the game
BlackBull Invest adds real ownership of 26,000+ shares, options, ETFs and bonds alongside the leveraged accounts

Cons

No investor compensation scheme under either entity — New Zealand has none and the Seychelles has none, so segregation is the only protection if the firm fails
USD 5 charged on every withdrawal, in the account base currency, which almost no direct competitor does; small or frequent withdrawals get expensive fast
The commission-free ECN Standard tier is not the cheap option it looks like — EUR/USD averaged 1.16 pips over the twelve months to October 2025, about USD 11.60 per standard-lot round turn against USD 7.60 on Prime
Not available to EU, UK or Indian residents by BlackBull's own disclosure, which rules it out for German and Austrian readers entirely
BlackBull does not publish which countries are onboarded to which legal entity, so you may not know which regulator covers you until you read the agreement
Research is thin — a hub of daily snapshots and a podcast, with no screener depth or serious analytical tooling
Privately held with no banking licence and no exchange listing — audited accounts surface once a year on the New Zealand register and not in between; the credit ratings quoted on its compliance page are those of custodian banks, not of BlackBull

Best for

Active forex and CFD traderscTrader and TradingView usersCopy tradersTraders with no minimum capitalSwiss and non-EU clients wanting high leverage

Open an account with either

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Visit broker: Eightcap Visit broker: BlackBull Markets