CMC Markets vs BlackBull Markets
Head-to-head comparison of fees, platforms, regulation, and trading conditions to help you choose the right EU broker in 2026.
Quick Verdict
CMC Markets scores higher overall at 8.9/10 vs 8.3/10.
Score Comparison
Trading Conditions
| Condition | CMC Markets | BlackBull Markets |
|---|---|---|
| Min Deposit | None | None |
| EUR/USD Spread | 0.7 pips average | 0.0 pips (ECN Prime), 0.8 pips (Standard) |
| Commission | None (spread-only) | $3.00 per lot per side (ECN Prime), None (Standard) |
| Leverage (Retail) | 30:1 | 30:1 |
| Leverage (Pro) | 500:1 | 500:1 |
| Swap-Free | No | Yes |
| Withdrawal Fee | Free | Free |
Platform Comparison
CMC Markets Platforms
- Next Generation Platform
- MetaTrader 4
CFD, Spread Betting (UK), Stockbroking
BlackBull Markets Platforms
- MetaTrader 4
- MetaTrader 5
- cTrader
- TradingView
Standard, ECN Prime, ECN Institutional
Regulation & Safety
CMC Markets Regulation
ICF up to EUR 20,000
BlackBull Markets Regulation
No EU compensation scheme (NZ-regulated)
Overall Verdict
CMC Markets takes the overall win with a score of 8.9 vs 8.3, winning 5 out of 7 individual categories compared to BlackBull Markets's 2.
In terms of costs, though BlackBull Markets edges ahead on fees. On the regulatory front, CMC Markets and offers stronger regulatory protection.
Choose CMC Markets if you prioritise its strengths in the categories where it leads. Choose BlackBull Markets if you value the specific areas where it scores higher, such as fees & costs and execution.
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.