BlackBull Markets

4.1(500)

FMA NZ

RoboForex

4(700)

FSC

BlackBull Markets vs RoboForex

Head-to-Head Comparison 2026

Our Verdict

BlackBull Markets has a higher rating of 4.1/5 compared to RoboForex (4/5). The minimum deposit is lower at BlackBull Markets with 0 $. RoboForex has been in the market since 2009, making it the more experienced provider. On spreads, BlackBull Markets offers EUR/USD from 0.0 pip (ECN Prime) + $6.00 per lot round turn, 0.8 pip (Standard), while RoboForex offers EUR/USD from 0.0 pip (ECN/Pro) + $2.00 per lot per side, 1.3 pip (Standard). BlackBull Markets charges no inactivity fee, while the other does.

Comparison Table

Criteria	BlackBull Markets	RoboForex
Rating	4.1/5 (500 reviews)✓	4/5 (700 reviews)
Regulation	FMA NZ	FSC
Fees	from 0.0 pips (ECN), commission from $6 per lot	from 0.0 pips (ECN), commission from $4 per lot
Min. Deposit	0 $	10 $
Instruments	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs
Platforms	MT4, MT5, cTrader, TradingView	MT4, MT5, cTrader, R StocksTrader
Options Trading	No	No
Spread (typical)	EUR/USD from 0.0 pip (ECN Prime) + $6.00 per lot round turn, 0.8 pip (Standard)	EUR/USD from 0.0 pip (ECN/Pro) + $2.00 per lot per side, 1.3 pip (Standard)
Execution Speed	~70 ms (Equinix NY4)	—
Inactivity Fee	None	$10/month after 90 days of inactivity
Founded	2014	2009
Headquarters	Auckland	Belize

Detailed Comparison

Fee Comparison

BlackBull Markets: from 0.0 pips (ECN), commission from $6 per lot. Minimum deposit: 0 $. Spread: EUR/USD from 0.0 pip (ECN Prime) + $6.00 per lot round turn, 0.8 pip (Standard).

RoboForex: from 0.0 pips (ECN), commission from $4 per lot. Minimum deposit: 10 $. Spread: EUR/USD from 0.0 pip (ECN/Pro) + $2.00 per lot per side, 1.3 pip (Standard). Inactivity fee: $10/month after 90 days of inactivity.

Execution Quality

BlackBull Markets

Execution: ~70 ms (Equinix NY4)

RoboForex

No data available

Product Range

BlackBull Markets (6 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCrypto CFDs

RoboForex (6 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCrypto CFDs

Trading Platforms

BlackBull Markets

MT4
MT5
cTrader
TradingView

RoboForex

MT4
MT5
cTrader
R StocksTrader

Regulation & Security

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

RoboForex is regulated by FSC (HQ: Belize).

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

RoboForex

Forex and CFD broker with eight account types and high leverage

✓ Very low minimum deposit ($10)

✓ Diverse account types for different strategies

✓ cTrader and MT4/MT5 available

✗ Offshore regulation (FSC Belize)

✗ Not for EU clients with full protection

Frequently Asked Questions

Is BlackBull Markets or RoboForex cheaper?

BlackBull Markets charges from 0.0 pips (ECN), commission from $6 per lot. RoboForex charges from 0.0 pips (ECN), commission from $4 per lot. The minimum deposit is 0 $ at BlackBull Markets and 10 $ at RoboForex.

Which broker offers more products: BlackBull Markets or RoboForex?

BlackBull Markets offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs. RoboForex offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs.

Which broker is better regulated?

BlackBull Markets is regulated by FMA NZ. RoboForex is regulated by FSC.

Is BlackBull Markets or RoboForex better for beginners?

BlackBull Markets has a minimum deposit of 0 $ and offers MT4, MT5, cTrader, TradingView as platforms. RoboForex has a minimum deposit of 10 $ and offers MT4, MT5, cTrader, R StocksTrader. BlackBull Markets has the lower entry barrier.

BlackBull Markets vs RoboForex: Which broker is better overall?

The choice between BlackBull Markets (4.1/5, 500 reviews) and RoboForex (4/5, 700 reviews) depends on your needs. BlackBull Markets: ECN broker from New Zealand with institutional liquidity. RoboForex: Forex and CFD broker with eight account types and high leverage.

How do spreads compare between BlackBull Markets and RoboForex?

BlackBull Markets offers typical spreads of EUR/USD from 0.0 pip (ECN Prime) + $6.00 per lot round turn, 0.8 pip (Standard). RoboForex offers EUR/USD from 0.0 pip (ECN/Pro) + $2.00 per lot per side, 1.3 pip (Standard). Tighter spreads reduce trading costs especially for active trading.

Do BlackBull Markets or RoboForex charge an inactivity fee?

BlackBull Markets: no inactivity fee. RoboForex: $10/month after 90 days of inactivity.