Admirals (Admiral Markets) vs BlackBull Markets: which broker is better in 2026?
We compare Admirals (Admiral Markets) and BlackBull Markets — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, Admirals (Admiral Markets) edges ahead (3.9/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaAdmirals (Admiral Markets)BlackBull Markets
Overall score 3.9 3.6
Regulation & safety 4.0 3.0
Fees & deposit 3.5 4.0
Platform & assets 4.0 4.0
User support 4.0 3.5
Trust score78/10070/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, Admirals platform/appMetaTrader 4, MetaTrader 5, cTrader, TradingView
Fee modelSpread + commission varies; competitivePrime/ECN raw account; low spreads
Pros & cons
- Tier-1 multi-jurisdiction regulation (FCA/ASIC/CySEC) + a track record since 2001
- Full MT4/MT5 + strong educational material
- Multi-asset coverage (forex, CFDs, ETFs, bonds)
- Spread is not the cheapest in the raw ECN class
- Product availability differs per entity
- Leverage is high-risk
- Fast ECN execution & low spreads (Prime account)
- Wide platform selection (MT4/MT5/cTrader/TradingView)
- Regulated by New Zealand's FMA
- The NZ FMA is considered less strict than tier-1 FCA/ASIC
- Many clients via the Seychelles entity
- Leverage is high-risk
Regulation at a glance
Admirals (Admiral Markets)
Admirals (Admiral Markets) — regulated by the FCA (UK), CySEC (Cyprus), ASIC (Australia), EFSA (Estonia), JSC (Jordan). Related to a group publicly listed on Nasdaq Tallinn.
BlackBull Markets
New Zealand (2014) — regulated by the FMA (New Zealand), FSA (Seychelles). ECN execution focus.