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BlackBull Markets vs ThinkMarkets 2026

A detailed head-to-head comparison of BlackBull Markets and ThinkMarkets across regulation, trading costs, platforms, and more.

BlackBull Markets logo - BrokerAudit
BlackBull Markets

Est. 2014 · Auckland, New Zealand

FMA
75.5/100
Good
ThinkMarkets logo - BrokerAudit
ThinkMarkets

Est. 2010 · Melbourne, Australia

FCAASICCySEC
78.7/100
Good

Score Breakdown

RegulationCostsPlatformsAccountsDepositSupportEducation
BlackBull MarketsThinkMarkets

Category-by-Category Winner

Category
BlackBull Markets
ThinkMarkets
Regulation & Trust
70
82
Trading Costs
82
80
Platforms & Tools
82
78
Account Conditions
78
80
Deposit & Withdrawal
75
82
Customer Support
72
75
Education & Research
68
68
Overall Score
75.5
78.7

Detailed Comparison

Overview

Year Founded
2014
2010
Headquarters
Auckland, New Zealand
Melbourne, Australia
Publicly Listed
Top Regulators
FMA
FCA, ASIC, CySEC
Total Instruments
26,000
1,600

Trading Costs

EUR/USD Spread
0.16 pips
0.40 pips
GBP/USD Spread
0.60 pips
0.80 pips
USD/JPY Spread
0.28 pips
0.60 pips
Min. Deposit
$0
$0
Commission/Lot
$6.00
$7.00
Inactivity Fee
None
$30 after 6 months

Platforms & Features

MetaTrader 4
MetaTrader 5
cTrader
TradingView
Copy Trading
API Trading
VPS Hosting
Demo Account
Islamic Account

Instruments

Forex Pairs
64
46
CFD Stocks
20,000
1,500
Indices
40
15
Commodities
20
11
Crypto CFDs
50
26

BlackBull Markets vs ThinkMarkets: Our Analysis

Overall Verdict

With an overall score of 78.7/100 vs 75.5/100, ThinkMarkets slightly edges out BlackBull Markets by 3.2 points. Both brokers are closely matched, so your choice should come down to specific features that matter most to you.

Trading Costs

On the EUR/USD pair, BlackBull Markets offers an average spread of 0.16 pips with a $6.00 round-turn commission, while ThinkMarkets comes in at 0.40 pips with a $7.00 commission. BlackBull Markets offers tighter pricing on EUR/USD. Minimum deposit is $0 at BlackBull Markets and $0 at ThinkMarkets.

Regulation & Safety

BlackBull Markets holds 2 regulatory licenses with a highest tier of Tier 2 (FMA), while ThinkMarkets has 6 licenses at Tier 1 (FCA, ASIC, CySEC). ThinkMarkets has stronger top-tier regulation.

Platform Comparison

BlackBull Markets offers MT4, MT5, cTrader, TradingView, BlackBull CopyTrader — uniquely offering cTrader, TradingView, BlackBull CopyTrader which ThinkMarkets does not have. ThinkMarkets supports MT4, MT5, ThinkTrader, with exclusive access to ThinkTrader. BlackBull Markets provides a wider platform selection.

Who Should Choose Which?

BlackBull Markets suits cost-conscious traders, traders who want advanced tools, traders wanting a wide instrument range, while ThinkMarkets is better for traders who prioritize safety. Both brokers offer demo accounts, so you can test each before committing real funds.

Frequently Asked Questions

Based on our testing, ThinkMarkets scores higher overall at 78.7/100 compared to BlackBull Markets's 75.5/100. However, "better" depends on your priorities — BlackBull Markets may be superior in specific categories like trading costs.

BlackBull Markets offers tighter spreads with an average EUR/USD spread of 0.16 pips, compared to 0.40 pips at ThinkMarkets. Check our detailed comparison table above for GBP/USD and USD/JPY spreads as well.

ThinkMarkets scores higher for regulation and trust at 82/100, holding licenses from FCA, ASIC, CySEC. BlackBull Markets scores 70/100 with FMA.

Both brokers score 68/100 for education and research, making either a reasonable choice for beginners. Consider minimum deposit (BlackBull Markets: $0, ThinkMarkets: $0) and platform ease-of-use when deciding.

Yes, there is no restriction on having accounts with both BlackBull Markets and ThinkMarkets simultaneously. Many experienced traders maintain accounts with multiple brokers to take advantage of each broker's strengths — for example, using one for its lower spreads on majors and another for its wider instrument range or better platform features.

NC

Reviewed by

Neil C

Neil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.

Last updated: April 2026

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