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BlackBull Markets vs ThinkMarkets

Head-to-head comparison of fees, platforms, regulation, and trading conditions to help you choose the right EU broker in 2026.

BM
BlackBull Markets
Est. 2014 · Auckland, New Zealand
8.3
VS
T
ThinkMarkets
Est. 2010 · Melbourne, Australia
8.2

Quick Verdict

BlackBull Markets
4 categories won
Tied
0 categories
ThinkMarkets
3 categories won

BlackBull Markets scores higher overall at 8.3/10 vs 8.2/10.

Score Comparison

OverallBlackBull Markets wins
BlackBull Markets8.3
ThinkMarkets8.2
Fees & CostsBlackBull Markets wins
BlackBull Markets9.0
ThinkMarkets8.3
PlatformsBlackBull Markets wins
BlackBull Markets8.8
ThinkMarkets8.5
RegulationThinkMarkets wins
BlackBull Markets7.8
ThinkMarkets8.8
ExecutionBlackBull Markets wins
BlackBull Markets9.2
ThinkMarkets8.3
SupportThinkMarkets wins
BlackBull Markets8.0
ThinkMarkets8.2
EducationThinkMarkets wins
BlackBull Markets7.0
ThinkMarkets7.5
InstrumentsBlackBull Markets wins
BlackBull Markets8.5
ThinkMarkets8.0

Trading Conditions

ConditionBlackBull MarketsThinkMarkets
Min DepositNoneNone
EUR/USD Spread0.0 pips (ECN Prime), 0.8 pips (Standard)0.0 pips (ThinkZero), 0.4 pips (Standard)
Commission$3.00 per lot per side (ECN Prime), None (Standard)$3.50 per lot per side (ThinkZero), None (Standard)
Leverage (Retail)30:130:1
Leverage (Pro)500:1500:1
Swap-FreeYesYes
Withdrawal FeeFreeFree

Platform Comparison

BlackBull Markets Platforms

  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
Account Types:

Standard, ECN Prime, ECN Institutional

ThinkMarkets Platforms

  • ThinkTrader
  • MetaTrader 4
  • MetaTrader 5
Account Types:

Standard, ThinkZero

Regulation & Safety

BlackBull Markets Regulation

FMANew ZealandFSASeychelles
ESMA CompliantNo
Neg. Balance ProtectionYes
Segregated FundsYes
Compensation Scheme

No EU compensation scheme (NZ-regulated)

ThinkMarkets Regulation

FCAUKASICAustraliaFSCASouth Africa
ESMA CompliantYes
Neg. Balance ProtectionYes
Segregated FundsYes
Compensation Scheme

FSCS up to GBP 85,000 (UK entity)

Overall Verdict

WinnerBlackBull Markets8.3

BlackBull Markets takes the overall win with a score of 8.3 vs 8.2, winning 4 out of 7 individual categories compared to ThinkMarkets's 3.

In terms of costs, BlackBull Markets also leads on fees. On the regulatory front, BlackBull Markets though ThinkMarkets has a regulatory edge.

Choose BlackBull Markets if you prioritise its strengths in the categories where it leads. Choose ThinkMarkets if you value the specific areas where it scores higher, such as regulation, support, and more.

CFD Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.