BlackBull Markets

4.1(500)

FMA NZ

JFD Brokers

4(400)

CySEC/BaFin

BlackBull Markets vs JFD Brokers

Head-to-Head Comparison 2026

Our Verdict

BlackBull Markets has a higher rating of 4.1/5 compared to JFD Brokers (4/5). The minimum deposit is lower at BlackBull Markets with 0 $. JFD Brokers is BaFin-regulated, while BlackBull Markets is supervised by FMA NZ. JFD Brokers has been in the market since 2011, making it the more experienced provider.

Comparison Table

Criteria	BlackBull Markets	JFD Brokers
Rating	4.1/5 (500 reviews)✓	4/5 (400 reviews)
Regulation	FMA NZ	CySEC/BaFin
Fees	from 0.0 pips (ECN), commission from $6 per lot	from 0.0 pips + commission from $3 per lot
Min. Deposit	0 $	500 €
Instruments	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs	CFDs, Forex, Stocks, Indices, Commodities, Crypto CFDs
Platforms	MT4, MT5, cTrader, TradingView	MT4, MT5, JFD Web
Options Trading	No	No
Founded	2014	2011
Headquarters	Auckland	Limassol

Detailed Comparison

Fee Comparison

BlackBull Markets: from 0.0 pips (ECN), commission from $6 per lot. Minimum deposit: 0 $.

JFD Brokers: from 0.0 pips + commission from $3 per lot. Minimum deposit: 500 €.

Product Range

BlackBull Markets (6 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCrypto CFDs

JFD Brokers (6 categories)

CFDsForexStocksIndicesCommoditiesCrypto CFDs

Trading Platforms

BlackBull Markets

MT4
MT5
cTrader
TradingView

JFD Brokers

MT4
MT5
JFD Web

Regulation & Security

BlackBull Markets is regulated by FMA NZ (HQ: Auckland).

JFD Brokers is regulated by CySEC/BaFin (HQ: Limassol).

Who Is It For?

BlackBull Markets

ECN broker from New Zealand with institutional liquidity

✓ ECN execution with tight spreads from 0.0 pips

✓ No minimum deposit required

✓ TradingView integration

✗ Regulation outside the EU (FMA NZ)

✗ Commissions on ECN account relatively high

JFD Brokers

Multi-asset broker with DMA access and transparent pricing

✓ DMA/STP execution without dealing desk

✓ BaFin-registered and CySEC-regulated

✓ Transparent fee structure

✗ Minimum deposit of €500

✗ Commission fees on top of spread

Frequently Asked Questions

Is BlackBull Markets or JFD Brokers cheaper?

BlackBull Markets charges from 0.0 pips (ECN), commission from $6 per lot. JFD Brokers charges from 0.0 pips + commission from $3 per lot. The minimum deposit is 0 $ at BlackBull Markets and 500 € at JFD Brokers.

Which broker offers more products: BlackBull Markets or JFD Brokers?

BlackBull Markets offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs. JFD Brokers offers CFDs, Forex, Stocks, Indices, Commodities, Crypto CFDs.

Which broker is better regulated?

BlackBull Markets is regulated by FMA NZ. JFD Brokers is regulated by CySEC/BaFin. JFD Brokers has BaFin regulation, which is particularly advantageous for German investors.

Is BlackBull Markets or JFD Brokers better for beginners?

BlackBull Markets has a minimum deposit of 0 $ and offers MT4, MT5, cTrader, TradingView as platforms. JFD Brokers has a minimum deposit of 500 € and offers MT4, MT5, JFD Web. BlackBull Markets has the lower entry barrier.

BlackBull Markets vs JFD Brokers: Which broker is better overall?

The choice between BlackBull Markets (4.1/5, 500 reviews) and JFD Brokers (4/5, 400 reviews) depends on your needs. BlackBull Markets: ECN broker from New Zealand with institutional liquidity. JFD Brokers: Multi-asset broker with DMA access and transparent pricing.