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Switch Markets vs BlackBull Markets

Switch Markets or BlackBull Markets – which is better for UK traders 2025? Compare Switch Markets and BlackBull Markets in this detailed breakdown of their platforms, features and fees.

Switch Markets vs BlackBull Markets Comparison Table 2025
Switch Markets	BlackBull Markets

3.8	3.7
Switch Markets is ranked #51 among CFD brokers.	BlackBull Markets is ranked #14 among CFD brokers.
Review	Review
Switch Markets is a multi-asset CFD brokerage regulated by ASIC and SVGFSA. The brand provides trading services on MT4 and MT5 platforms with leverage up to 1:500. It offers more than 2000 instruments and includes features like copy trading services and free VPS hosting.	BlackBull, a New Zealand-based CFD broker, offers a wide range of trading options across more than 26,000 instruments. Following a 2023 rebrand, it boasts a contemporary design and provides advanced trading tools along with ultra-fast execution speeds, averaging 20ms.
Pros
Switch Markets provides a good selection of trading tools, such as a market sentiment heatmap, an economic calendar, and VPS access. I value the variety of forex calculators available. I discovered 14 easy deposit methods and 5 base currencies. With average processing times of just 1 minute and 2 seconds, traders will find this particularly appealing. I am impressed by the free access to HowToTrade's educational resources, community forum, and market analysis, all without requiring a deposit. Traders can utilise the MetaTrader Trading Signals to mirror the actions of seasoned traders instantly. The £50 minimum initial deposit for both account types is quite competitive relative to other brands.	BlackBull provides everything a trader needs: execution speeds under 100ms, leverage as high as 1:500, and competitive spreads starting at 0.0 pips. BlackBulls's research excels, particularly in the daily 'Trading Opportunities' articles. These publications simplify complex market dynamics into clear insights, enabling traders to effectively capitalise on emerging trends. After collaborating with ZuluTrade and Myfxbook and refining its CopyTrader, BlackBull now provides an exceptionally comprehensive trading experience. BlackBull provides three ECN-powered accounts—Standard, Prime, and Institutional—to cater to traders of all experience levels, from novices to seasoned professionals. The variety of account types allows for flexible options tailored to individual trading needs and available capital.
Cons
I am somewhat worried that the international firm is governed by the SVGFSA, an offshore regulator known for offering minimal financial security to clients. In my view, Standard account holders face relatively high spreads, averaging 1.5 pips for EUR/USD, which are not particularly competitive.	Despite an expanding range of over 26,000 assets, including new additions to Asia Pacific indices, their offerings are primarily equities. The selection of currency pairs and indices remains average. Unlike many leading brokers, BlackBull imposes a bothersome $5 fee for withdrawals. This charge can reduce the overall cost-effectiveness, particularly for traders who regularly transfer funds. Despite enhancements such as webinars and tutorials in the Education Hub, our review indicates that the courses still require greater emphasis on elucidating broader economic factors affecting prices. BlackBull does not offer its own trading platform, instead utilising MetaTrader, cTrader, and TradingView. Although these platforms are highly regarded, some brokers, such as eToro, provide proprietary platforms with distinct features that cater well to novice traders.
Awards
	Fast 50 Index (multiple years) - Deloitte Best Global FX Broker 2022 - Forex Expo Dubai Fastest Growing Exporter for Auckland 2018 - Westpac Auckland Business Awards
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, ETFs, Cryptos, Futures, Commodities	CFDs, Stocks, Indices, Commodities, Futures, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$50	$0
Payment Methods
Debit Card FasaPay GlobePay Mastercard Neteller Perfect Money Skrill Wire Transfer	Credit Cards Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC	FMA, FSA
Mobile Apps
iOS & Android	iOS & Android
Trading App
	BlackBull delivers a comprehensive mobile trading ecosystem. It provides traders with excellent charting tools and impressive execution speeds of less than 100ms. Options include MT4, MT5, cTrader, and TradingView apps, accommodating varied preferences.
iOS App Rating
4.8	3.7
Android App Rating
4.6	3.7
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
Yes	Yes
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Yes - Equinix	Expert Advisors (EAs) on MetaTrader, cTrader Automate
Copy Trading
Yes	Yes
Copy Trading Platform
Switch Markets provides low-cost trading services through the MetaTrader 4 platform, allowing traders to copy strategies efficiently.	Blackbull excels with its extensive array of trading solutions, featuring options like CopyTrader, HokoCloud, DupliTrade, and Myfxbook. User-friendly dashboards display detailed metrics to evaluate strategy providers, including annual and percentage returns. This contributes to its reputation as a leading provider of inclusive trading packages available today.
Social Trading
Yes	Yes
Trade Signals
MT4	BlackBull Research stock recommendation service
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD CHF SGD	USD EUR GBP CAD AUD NZD JPY ZAR SGD
Commodities
Gold Silver Oil Natural Gas	Gold Silver Oil Gasoline Cocoa Wheat Corn Sugar Coffee Natural Gas Platinum Palladium Copper Aluminium Lead Zinc
CFD
Switch Markets provides over 180 CFD instruments, offering leverage up to 1:500 and swift order execution in under 76 milliseconds. Commissions are competitive, at $7 per round turn for Pro account holders.	BlackBull stands out for CFD traders with leverage up to 1:500 and competitive spreads starting at 0.0 pips. It boasts round-the-clock support, which proved outstanding in tests, instilling confidence for traders in dynamic markets.
Leverage
1:500	1:500
FTSE Spread
1.2	1.5
GBPUSD Spread<
0.5	0.5
Oil Spread
2.0	1.5
Stocks Spread
Variable	Variable
Forex
The offering of over 60 major, minor, and exotic currency pairs is competitive, particularly with Pro account spreads starting at 0 pips. Seasoned traders can utilise leverage up to 1:500 on the widely-used MT4 platform.	BlackBull provides 64 currency pairs with competitive pricing via its ECN accounts. The Standard account offers commission-free spreads starting at 0.8 pips. BlackBull's swift execution is also available on MT4, the leading platform among active forex traders.
Assets
60+	64
GBPUSD Spread
0.5	0.5
EURUSD Spread
0.1	0.3
EURGBP Spread
0.6	0.8
Cryptocurrency
Switch Markets offers just six crypto CFDs, but the available leverage of 1:3 is appealing. Additionally, deposit options include BTC, ETH, XRP, USDT, and USDTRC20, which is advantageous for traders.	BlackBull facilitates short-term trading on 11 cryptocurrencies, such as Bitcoin and Ethereum, with leverage of up to 1:5. Cryptos are traded against USD. The broker's 'Daily Opportunities' provide exceptional insights into emerging cryptocurrency trends.
Spread
Variable	245
Coins
BTC ETH LTC XRP	BTC ETH XRP LTC ADA POLY XFET XINJ XNAKA XAX XCOTI
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Switch Markets	BlackBull Markets
Review	Review
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