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Swissquote vs BlackBull Markets

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

S
Swissquote
Est. 1996 · Gland, Switzerland
8.8
VS
BM
BlackBull Markets
Est. 2014 · Auckland, New Zealand
8.3

Quick Verdict

Swissquote
3 categories won
Tied
1 categories
BlackBull Markets
3 categories won

Swissquote scores higher overall at 8.8/10 vs 8.3/10.

Score Comparison

OverallSwissquote wins
Swissquote8.8
BlackBull Markets8.3
Fees & CostsBlackBull Markets wins
Swissquote7.2
BlackBull Markets9.0
PlatformsBlackBull Markets wins
Swissquote8.5
BlackBull Markets8.8
RegulationSwissquote wins
Swissquote9.8
BlackBull Markets7.8
ExecutionBlackBull Markets wins
Swissquote8.8
BlackBull Markets9.2
SupportTie
Swissquote8.0
BlackBull Markets8.0
EducationSwissquote wins
Swissquote8.0
BlackBull Markets7.0
InstrumentsSwissquote wins
Swissquote9.5
BlackBull Markets8.5

Trading Conditions

ConditionSwissquoteBlackBull Markets
Min DepositCHF 1000None
EUR/USD Spread1.3 pips (Standard), 0.6 pips (Elite)0.0 pips (ECN Prime), 0.8 pips (Standard)
CommissionNone (spread-only)$3.00 per lot per side (ECN Prime), None (Standard)
Leverage (Retail)30:130:1
Leverage (Pro)100:1500:1
Swap-FreeNoYes
Withdrawal FeeFree (CHF 10 for international bank transfer)Free

Platform Comparison

Swissquote Platforms

  • Swissquote Platform
  • MetaTrader 4
  • MetaTrader 5
Account Types:

Standard, Premium, Prime, Elite

BlackBull Markets Platforms

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

Standard, ECN Prime, ECN Institutional

Regulation & Safety

Swissquote Regulation

FINMASwitzerlandFCAUKSFCHong Kong
ESMA CompliantYes
Neg. Balance ProtectionYes
Segregated FundsYes
Compensation Scheme

Swiss Banking Deposit Guarantee up to CHF 100,000

BlackBull Markets Regulation

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

No EU compensation scheme (NZ-regulated)

Overall Verdict

WinnerSwissquote8.8

Swissquote takes the overall win with a score of 8.8 vs 8.3, winning 3 out of 7 individual categories compared to BlackBull Markets's 3.

In terms of costs, though BlackBull Markets edges ahead on fees. On the regulatory front, Swissquote and offers stronger regulatory protection.

Choose Swissquote 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, platforms, 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.