Orbex

Orbex

🟢 Tier 1 Regulated
7.0
/ 10
vs
BlackBull Markets

BlackBull Markets

🟡 Tier 3 Regulated
8.0
/ 10

Orbex vs BlackBull Markets

A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.

Orbex and BlackBull Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Orbex, founded in 2011 and headquartered in Limassol, Cyprus, is regulated by CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $200. BlackBull Markets, established in 2014 in Auckland, New Zealand, holds licenses from FMA, FSA with spreads from 0.0 pips and a $0 minimum deposit. In our hands-on testing across 8 scoring categories, BlackBull Markets scored 8/10 overall compared to Orbex's 7/10, making it the stronger pick for most traders. That said, Orbex holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.

Key Differences at a Glance

  • 📊

    BlackBull Markets scores 8/10 overall vs 7/10 for Orbex — a 1.0-point difference.

  • 💵

    BlackBull Markets requires just $0 to start, while Orbex needs $200 — BlackBull Markets is 200x more accessible.

  • 🛡️

    Orbex holds Tier 1 regulation (CySEC) offering stronger investor protection than BlackBull Markets's Tier 3 status.

  • 📈

    BlackBull Markets offers 26,000+ instruments vs 300+ at Orbex — a massive gap in market coverage.

  • 🖥️

    Orbex runs on MT4, while BlackBull Markets uses MT4, MT5, TradingView, cTrader — different ecosystems for different trading styles.

  • The biggest gap is in Platforms & Tools: BlackBull Markets scores 8.5 vs 6.5 for Orbex — a 2.0-point difference.

Our Verdict

Orbex

Orbex

Score: 7.0/10 · Wins 0 categories
  • You prefer Orbex's trading environment overall
🏆 WINNER
BlackBull Markets

BlackBull Markets

Score: 8.0/10 · Wins 6 categories
  • You want lower spreads and trading fees
  • You need advanced trading platforms and tools
  • Responsive customer support matters to you
  • You want access to a wider range of instruments

BlackBull Markets takes the lead with an overall score of 8/10 compared to 7/10, winning in 6 out of 8 scoring categories. BlackBull Markets stands out for lower trading costs and better trading platforms, while Orbex remains a solid alternative.

Detailed Verdict

After testing both brokers with real accounts, BlackBull Markets comes out ahead with a 8/10 overall rating, winning 6 out of 8 categories. Its strongest area is Trading Costs where it scores 8.5/10. BlackBull Markets holds Tier 3 regulation, though traders should verify the specific entity and jurisdiction covering their account. Orbex is not without merit — it scores 7/10 overall and excels in Trading Costs (7.5/10). For a complete breakdown, read our full BlackBull Markets review and Orbex review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.

Score Breakdown

Orbex
BlackBull Markets
Trading Costs
7.5 8.5

BlackBull Markets wins by 1.0 points

Platforms & Tools
6.5 8.5

BlackBull Markets wins by 2.0 points

Regulation & Trust
7.5 7.5
Education
7.0 7.0
Customer Service
7.0 8.0

BlackBull Markets wins by 1.0 points

Research & Analysis
7.0 7.5

BlackBull Markets wins by 0.5 points

Deposit & Withdrawal
7.0 8.0

BlackBull Markets wins by 1.0 points

Product Range
6.5 8.5

BlackBull Markets wins by 2.0 points

Full Feature Comparison

Structured broker facts pulled from the shared broker dataset.
Feature
Overall Score
7.0/10
8.0/10
Min Deposit
Lower is better
$200
$0
Max Leverage
1:500
1:500
Spreads From
0.0 pips
0.0 pips
Platforms
MT4
MT4, MT5, TradingView, cTrader
Regulation
CySEC
FMA, FSA
Founded
Older track record highlighted
2011
2014
Markets
300+
26,000+
Orbex: 0 BlackBull Markets: 1
💰

Fees & Costs

🏅 Section Winner: BlackBull Markets (7.5 vs 8.5)

When it comes to trading costs, BlackBull Markets has the edge with a score of 8.5/10 versus 7.5/10 for Orbex. Orbex offers spreads starting from 0.0 pips, while BlackBull Markets starts from 0.0 pips. The minimum deposit at Orbex is $200, compared to $0 at BlackBull Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.

Orbex
7.5
BlackBull Markets
8.5
Orbex: 0 BlackBull Markets: 2
🖥️

Trading Platforms

🏅 Section Winner: BlackBull Markets (6.5 vs 8.5)

BlackBull Markets scores 8.5/10 for platforms compared to 6.5/10 for Orbex. Orbex provides MT4, while BlackBull Markets offers MT4, MT5, TradingView, cTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.

Orbex
6.5
BlackBull Markets
8.5
Orbex: 0 BlackBull Markets: 2
🛡️

Regulation & Safety

Regulation is crucial for fund safety. Orbex is regulated by CySEC (Tier 1), while BlackBull Markets holds licenses from FMA, FSA (Tier 3). Orbex scores 7.5/10 and BlackBull Markets scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.

Orbex
7.5
BlackBull Markets
7.5
Orbex: 0 BlackBull Markets: 2
📚

Education & Research

For learning resources, Orbex leads with 7/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Orbex and BlackBull Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.

Orbex
7.0
BlackBull Markets
7.0
Orbex: 0 BlackBull Markets: 3
🎧

Customer Support

🏅 Section Winner: BlackBull Markets (7.0 vs 8.0)

Orbex offers 24/5 Live Chat, Email, Phone and scores 7/10, while BlackBull Markets provides 24/7 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.

Orbex
7.0
BlackBull Markets
8.0
Orbex: 0 BlackBull Markets: 4
💳

Deposit & Withdrawal

🏅 Section Winner: BlackBull Markets (7.0 vs 8.0)

Orbex scores 7/10 for deposits and withdrawals, while BlackBull Markets scores 8/10. Orbex accepts Bank Transfer, Credit Card, Skrill, Neteller, and BlackBull Markets supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. Orbex requires a minimum deposit of $200 versus $0 for BlackBull Markets. Always check withdrawal conditions and any potential fees before funding your account.

Orbex
7.0
BlackBull Markets
8.0

Which Broker Is Right for You?

Orbex

Choose Orbex if you...

  • You prefer Orbex's trading environment overall
Visit Orbex
BlackBull Markets

Choose BlackBull Markets if you...

  • You want lower spreads and trading fees
  • You need advanced trading platforms and tools
  • Responsive customer support matters to you
  • You want access to a wider range of instruments
Visit BlackBull Markets

🗳️ Which Broker Do You Prefer?

Cast your vote — see what other traders think

Frequently Asked Questions

Is Orbex better than BlackBull Markets?

BlackBull Markets scores higher overall (8/10 vs 7/10), winning 6 of 8 categories. However, Orbex remains competitive. The best choice depends on what matters most to your trading style.

Which has lower fees, Orbex or BlackBull Markets?

BlackBull Markets scores higher for trading costs. Orbex offers spreads from 0.0 pips with a $200 minimum deposit, while BlackBull Markets starts from 0.0 pips with $0 minimum. Actual trading costs depend on your instrument, volume, and account type.

Is Orbex safe to trade with?

Orbex is regulated by CySEC and scores 7.5/10 for regulation. BlackBull Markets is regulated by FMA, FSA with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.

Which has better trading platforms, Orbex or BlackBull Markets?

BlackBull Markets scores 8.5/10 for platforms. Orbex offers MT4, while BlackBull Markets provides MT4, MT5, TradingView, cTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.

What's the minimum deposit for Orbex vs BlackBull Markets?

Orbex requires a minimum deposit of $200, while BlackBull Markets requires $0. BlackBull Markets has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.

Ready to Start Trading?

Open a free account with either broker and start trading today.

← Back to Compare Tool