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Do you want to know which is the better broker between AGEA and BlackBull ?
In the table below, you can compare the features of AGEA , BlackBull side by side to determine the best fit for your needs.
Long: -3.51
Short: 1.03
Long: -11.91
Short: 4.12
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of agea, blackbull-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
General Information & Regulation
AGEA is an online trading provider based in Montenegro, founded in 2005, offering investors a diverse range of investment tools through the leading MT4 trading platform. AGEA is currently not subject to any effective regulation.
Market Instruments
Tradable financial assets available for trading on the AGEA platform include Forex currency pairs, stocks, indices, commodities, bonds, funds, and CFDs.
Minimum Deposit
AGEA's Streamster and MT4 trading platforms have several different trading accounts, respectively. The Streamster account has a minimum deposit of $1. The MT4 platform contains three different accounts, the Cent account (minimum deposit of $6), the Standard account (minimum deposit of $100), and the Fixed Spreads account. Additionally, demo and Islamic accounts also offered.
AGEA Leverage
The maximum trading leverage offered by AGEA is up to 1:100, when it comes to trading leverage. Professional traders may hold that this leverage level is a little conservative. Inexperienced traders, however, are not advised to use such high trading leverage since leverage can amplify both profits as well as losses.
Spreads & Commissions
When it comes to spreads & Commissions, or trading fees, AGEA is quite vague about this. The spread on EURUSD pair is arouns 1.2 pips, which is slightly high for a market maker.
Trading Platforms
AGEA offers traders the flexibility to choose between two trading platforms, Streamster, the most popular trading platform on the market today, and MT4, a powerful and easy-to-use trading platform with its own algorithmic trading API and unique features, including an international multi-channel chat where traders can freely talk about markets or any other topic, and real-time service support to customers.
Deposit & Withdrawal
AGEA supports traders to deposit and withdraw funds to and from their investment accounts via various methods such as wire transfer, credit and debit cards, as well as popular e-wallets such as Neteller, Skrill, FasaPay, Perfect Money, Webmoney, QIWI, etc.
AGEA Pros & Cons
AGEA advantages Inlcude:
1. Wide range of trading asset
2. Two trading platforms available
3. Multiple deposit and withdrawal options
4. Low minimum deposit requirements
AGEA disadvantages Include:
1. No regulation
2. No key information on spreads, fees, swaps, etc
3. Not accepting US clients
4. Limited educational resources
5. Not providing real-time customer service
Registered in | New Zealand |
Regulated by | FMA, FSA |
Year(s) of establishment | 5-10 years |
Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies, futures, equities, ETFs |
Minimum Initial Deposit | $0 |
Maximum Leverage | 1:500 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4, MT5, tradingview |
Deposit and withdrawal method | VISA, UnionPay, skrill, fasapay, bank transfer, neteller, mastercard |
Customer Service | Email/phone number/address/live chat |
Fraud Complaints Exposure | Yes |
General information and regulations of BlackBull
BlackBull is an online forex broker well regulated by FMA and FSA with a history around a decade.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, futures, equities, ETFs.....BlackBull allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on BlackBull.
Spreads and commissions for trading with BlackBull
BlackBull has a real-time spreads table in the market overview section, and the commissions depend on the account types. We can see that there is no commission for ECN standard account, a commission of 6 USD per lot for ECN prime and 3 USD for ECN institutional.
Account Types for BlackBull
Demo Account: BlackBull provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: BlackBull offers a total of 3 account types: ECN standard, ECN prime and ECN institutional. The minimum deposit to open an account is $0, $2,000 and $20,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a regular account will be the most suitable option for you. Their other mayor differences consist in commissions and spreads that we have covered in the former section of spreads and commissions.
Trading platforms offered by BlackBull
As for the trading platform, BlackBull provides its clients with many options. There are public platforms such as MT5, MT4, webtrader and tradingview that have served many clients worldwide.
Leverage offered by BlackBull
BlackBull offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
As for deposits and withdrawals, the company lists only a few payment options (VISA, UnionPay, skrill, fasapay, bank transfer, neteller, mastercard), but does not cover the most important parts, such as additional fees, minimum amounts, time required for procedures, etc.
Educational resources
A series of educational resources is available at BlackBull, such as market news, video analysis, trading guides, expert commentaries, etcetera.
Customer support of BlackBull
Below are the details about the customer service.
Language(s): English, Spanish, French, Chinese, German, Portuguese, Italian, Thai language, Korean, Arabic, Vietnamese, etcetera
Service Hours: 24/7
Email: support@blackbullmarkets.com
Phone Number: +64 9 558 5142
Address: BlackBull Markets, Level 20, 188 Quay Street, Auckland, 1010
Social media: Facebook, Instagram, LinkedIn, YouTube, twitter
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of BlackBull
Advantages:
Well regulated
High leverage
MT4, MT5
Sufficient information
Educational resources
Many instruments available
Demo account
Copy trading
Disadvantages:
Too many complaints
Few deposit and withdrawal methods
Frequent asked questions about BlackBull
Is this broker well regulated?
Yes, it is currently effectively regulated by FMA and FSA.
How much leverage does this broker offer?
The maximum leverage of BlackBull is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
Does this broker offer copy trading or social trading?
Yes, BlackBull offers both of them.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive agea and blackbull-markets are, we first considered common fees for standard accounts. On agea, the average spread for the EUR/USD currency pair is -- pips, while on blackbull-markets the spread is EURUSD average is 0.2; Gold average is 0.2.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
agea is regulated by --. blackbull-markets is regulated by FMA,FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
agea provides trading platform including -- and trading variety including --. blackbull-markets provides trading platform including ECN STANDARD,ECN PRIME,ECN INSTITUTIONAL and trading variety including --.