Which broker is better for China traders in 2026? Expert analysis across 12 categories.
For Chinese traders seeking exposure to global forex and CFDs, BlackBull Markets (overall rating 3.9/5) and EasyMarkets (3.4/5) are two popular offshore brokers. Both accept clients from China via international accounts, but they differ significantly in trading conditions and features. BlackBull Markets is known for its deep liquidity and ECN pricing, appealing to serious scalpers and algorithmic traders. EasyMarkets targets beginners with a fixed-spread model and user-friendly web platform. Since China's CSRC does not regulate offshore forex brokers, traders often rely on USDT or international bank transfers to fund accounts. This comparison will help Chinese investors decide which broker aligns with their trading style and risk tolerance.
| Instrument | BlackBull Markets | EasyMarkets | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | EasyMarkets |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | EasyMarkets |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | EasyMarkets |
| Standard acc spread | from 1.0 pips | from 0.8 pips | EasyMarkets |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $0 | $25 | BlackBull Markets |
For China traders, trading costs are critical due to tight margins. BlackBull Markets offers spreads from 0.0 pips on its ECN account with a $6 commission per lot round-turn. This is ideal for high-volume strategies. EasyMarkets uses fixed spreads averaging 1.2 pips on EUR/USD with no commission, but the cost increases during volatile news events. Over 100 lots per month, BlackBull saves approximately $500 in spread costs compared to EasyMarkets. However, EasyMarkets' guarantee of no slippage provides value for risk-averse traders.
| Account Type | BlackBull Markets | EasyMarkets |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $0 | $25 |
| Entity / Asset | BlackBull Markets | EasyMarkets |
|---|---|---|
| China (offshore) | Up to 1:500 | Up to 1:2000 |
| Forex major pairs | 1:500 | 1:2000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | BlackBull Markets | EasyMarkets | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | BlackBull Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | BlackBull Markets |
| Crypto CFDs | 30+ | 20+ | BlackBull Markets |
| Stocks / Share CFDs | ✗ | ✗ | EasyMarkets |
| ETFs | ✗ | ✗ | Tie |
| Platform | BlackBull Markets | EasyMarkets |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✓ | ✗ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
BlackBull Markets provides MetaTrader 4, MetaTrader 5, and an advanced WebTrader, all compatible with VPS for low latency—important for China traders using international servers. EasyMarkets offers its proprietary web platform and mobile app, featuring a simple interface with risk management tools like deal cancellation. While EasyMarkets lacks MT4/5, its platform is easier for beginners. Traders in China needing automated trading or Expert Advisors should choose BlackBull Markets.
| Factor | BlackBull Markets | EasyMarkets | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | EasyMarkets |
| Avg execution speed | ~30ms | ~40ms | BlackBull Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
BlackBull Markets uses an ECN/STP model with order execution under 10ms, ideal for scalping and news trading. EasyMarkets operates a market maker model with no requotes and guaranteed stop-loss orders, but execution is slower at 50-100ms. For China traders using VPS in Hong Kong or Tokyo, BlackBull provides faster fills and less slippage on major pairs.
| Safety Factor | BlackBull Markets | EasyMarkets |
|---|---|---|
| Primary regulator | FMA | CySEC |
| Top-tier regulated | ✗ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
BlackBull Markets is regulated by the FMA (New Zealand) and FSA (Seychelles), while EasyMarkets is regulated by CySEC (Cyprus) and ASIC (Australia). Neither broker holds CSRC regulation in China. For Chinese traders, the key difference is segregated client funds at BlackBull (trust account) versus EasyMarkets' compensation scheme (up to €20,000 under CySEC). However, offshore traders often prioritize execution quality over regulatory protection because local enforcement is limited.
| Payment Method | BlackBull Markets | EasyMarkets |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✗ |
| Withdrawal time | 24 hours (usually on the same business day) | Cards 1-2 business days; e-wallets instant-1 business day; bank wire 3-10 business days; overall back-office processing within 1 business day (24h) |
Chinese traders can deposit via USDT (ERC-20 or TRC-20) at both brokers, avoiding capital controls and bank delays. BlackBull Markets processes USDT deposits instantly with no fee, and withdrawals within 24 hours. EasyMarkets also accepts USDT with similar speed. International bank transfers (SWIFT) are supported by both but can take 3-5 business days and incur intermediary bank fees of $20–$50. For withdrawal, BlackBull charges $15 for wire transfers, while EasyMarkets offers one free withdrawal per month. Minimum deposit is $200 at BlackBull and $100 at EasyMarkets.
| Islamic Account Feature | BlackBull Markets | EasyMarkets |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both brokers offer swap-free Islamic accounts to accommodate Muslim traders in China. BlackBull Markets provides Islamic accounts on request after account verification, applicable to ECN and Standard accounts. EasyMarkets automatically applies swap-free conditions for accounts from qualifying regions, including China. No additional spreads or admin fees are charged on these accounts. Traders should note that holding positions overnight on Islamic accounts still incurs administrative costs deducted in lieu of swap, but both brokers are transparent about these charges.
| Support Feature | BlackBull Markets | EasyMarkets | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | BlackBull Markets |
BlackBull Markets offers 24/5 live chat and email support in English and Chinese (Mandarin) during Asia trading hours. EasyMarkets provides 24/5 support via live chat, phone, and email, with Chinese language available. Response times are similar (~2 minutes for live chat). For urgent issues like withdrawal delays, BlackBull's dedicated account managers for larger deposits can be more responsive.
| Mobile Feature | BlackBull Markets | EasyMarkets | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | BlackBull Markets |
| Google Play rating | 4.3 stars | 4.2 stars | BlackBull Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | BlackBull Markets |
| Resource | BlackBull Markets | EasyMarkets | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | BlackBull Markets |
Choose BlackBull Markets if you...
Choose EasyMarkets if you...
For Chinese traders aiming for cost efficiency and professional execution, BlackBull Markets (3.9/5) is the stronger choice, especially for those using Expert Advisors or high-volume scalping. Its ECN model, USDT deposits, and low latency suit experienced offshore traders. EasyMarkets (3.4/5) serves beginners or those who prioritize simplicity and risk guarantees. While CSRC does not regulate either, traders should use USDT to bypass capital controls. Ultimately, BlackBull delivers better value per trade, but EasyMarkets provides peace of mind. Consider your trading style and volume before choosing.