BitMEX vs BlackBull Markets

BitMEX vs BlackBull Markets Comparison Table 2024
BitMEX	BlackBull Markets
Review 3.2	Review 3.7

BitMEX is a crypto exchange and derivatives trading platform, launched in 2014. The firm offers a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.	BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.
Bonus Offer
Fee reduction for BMEX token holders
Comment by Reviewer
"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering, with Perpetual Contracts available. The 100x leverage on Bitcoin is also higher than many alternatives."	"BlackBull Markets will suit traders of all experience levels with thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms."
Pros
The Guilds social trading service allows traders to participate in competitions and earn rewards, including a weekly prize pool worth 4,000 USDT at the time of writing BitMEX continues to deliver a considerable amount of market information for free, as well as trading guides and community channels on Discord, Telegram and more The broker offers high levels of security, using a combination of hot and cold wallets and cryptography key management The native token, BMEX, can be staked with up to 15% trading fee discounts, among other exclusive privileges Comprehensive customizability is available within the platform, with movable widgets and order book filters Traders have the opportunity to connect with investors using the intuitive inbuilt chat feature The exclusive crypto platform makes it more streamlined than other multi-asset terminals Traders can earn interest if they HODL Tether and Bitcoin The broker offers 2 API systems for seasoned traders	CopyTrader, ZuluTrade, HokoCloud and Myfxbook copy trading Commission-free trading with spreads from 0.0 pips Superb range of platforms including TradingView Pro Responsive customer service during testing Excellent educational content for beginners $0 minimum deposit and 0.01 lot trades Huge range of 26,000+ instruments Autochartist plugin
Cons
BitMEX is an offshore firm and is not regulated by any reputable authority, though this is common among crypto brokers BitMEX is geared towards more active traders, with fewer tools and features aimed at newbies The broker was involved in a legal dispute with US regulators which resulted in fines Withdrawals are only carried out at a specified time of day Only Bitcoin is accepted for free withdrawals	Withdrawal fees with some methods US traders not accepted
Awards
	Best ECN Broker 2022 Deloitte Fast 50 Index 2021 Best NZ Forex Broker 2021
Instruments
Crypto	Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos
Demo Account
Yes	Yes
Minimum Deposit
$0.01	$0
Trading Platforms
BitMEX Web Platform AlgoTrader TradingView	MT4 MT5 cTrader TradingView AutoChartist
Payment Methods
Bitcoin Payments Ethereum Payments	Bitcoin Payments Boleto Credit Card Debit Card FasaPay Mastercard Neteller Skrill UnionPay Visa
Minimum Trade
Variable	0.01 Lots
Regulator
Republic of Seychelles	FMA, FSA
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
Yes	No
P2P Trading
Yes	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
Android App Rating
3.2	3.7
iOS App Rating
3.2	3.7
Auto Trading
BitMEX Market Maker, BotVS, and via API	Yes
Copy Trading
No	Yes
Copy Trading Platform
	Blackbull Markets offers an excellent selection of social and copy trading products on its CopyTrader system, plus HokoCloud, DupliTrade and Myfxbook. Traders can copy trades and strategies in a range of popular financial markets with user-friendly risk management tools.
Social Trading
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CAD AUD NZD JPY ZAR SGD
Stock Exchanges
	Australian Securities Exchange (ASX) DAX GER 40 Index FTSE UK Index Nasdaq
Commodities
	Cocoa Coffee Corn Gasoline Gold Natural Gas Oil Silver Sugar Wheat
CFD Trading
CFD trading not offered	BlackBull Markets CFDs are offered on forex, stocks, indices, commodities and cryptos with tight spreads and high leverage. The ECN accounts offer fast execution and low slippage, and the broker provides traders with plenty of extra tools and features plus 24/7 customer support.
Leverage
	1:500
FTSE Spread
	10.4
GBPUSD Spread
	0.8
Oil Spread
	5.2
Stocks Spread
	Variable
Forex Trading
Forex trading not offered	BlackBull offers 64 forex pairs with very competitive pricing through its ECN accounts, with the standard commission-free spread starting from 0.8 and spreads with commission starting from zero. The broker supports diverse trading platforms including MT4 and MT5, and provides leverage up to 1:500.
GBPUSD Spread
	0.8
EURUSD Spread
	0.2
EURGBP Spread
	0.8
Assets
	64
Cryptocurrency
BitMEX continues to offer a highly competitive crypto trading environment, with cheap $1 contracts and leverage up to 1:100. The broker’s proprietary platform offers cutting-edge trading features, including a customizable order book, a depth chart and dozens of technical indicators.	BlackBull Markets traders can speculate on 11 cryptocurrencies including Bitcoin, Litecoin and Ethereum with up to 1:5 leverage. The crypto tokens are traded in pairs with USD and the broker offers a transparent pricing schedule.
Spread
-0.01% maker, 0.075% taker	Variable
Coins
BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS	BTC ETH BCH LTC XRP DOGE ADA DOT LINK EOS XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
Yes	No

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