BlackBull Markets vs CMC Markets: which broker is better in 2026?
We compare BlackBull Markets and CMC Markets — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, CMC Markets edges ahead (4.0/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaBlackBull MarketsCMC Markets
Overall score 3.6 4.0
Regulation & safety 3.0 4.0
Fees & deposit 4.0 3.5
Platform & assets 4.0 4.5
User support 3.5 4.0
Trust score70/10080/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, cTrader, TradingViewProprietary web platform (Next Generation), MetaTrader 4, TradingView (integrated), Mobile app
Fee modelPrime/ECN raw account; low spreadsSpread & commission model varies per product — details not yet verified
Pros & cons
- 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
- Public company (LSE FTSE 250, since 1989) regulated by the FCA + Bermuda Monetary Authority
- Highly regarded Next Generation platform + MT4 + TradingView integration
- Broad coverage: forex/share/index CFDs, spread betting, and share dealing
- Historical note: ASIC once ordered retail-client remediation over margin-netting breaches
- Focus on leveraged CFD/spread betting products — high-risk
- Not the choice for those chasing the cheapest cost/raw ECN
Regulation at a glance
BlackBull Markets
New Zealand (2014) — regulated by the FMA (New Zealand), FSA (Seychelles). ECN execution focus.
CMC Markets
Regulated by the FCA in the UK; holds an additional license from the Bermuda Monetary Authority. Listed on the London Stock Exchange (FTSE 250).