TabTrade Launches With Zero Spreads Led by BlackBull Veteran

Former BlackBull Markets executive launches TabTrade, a new forex and CFD broker promising zero average spreads and commission-only pricing.

Key Points:

• TabTrade goes live on MetaTrader 5 with zero average spreads on major forex pairs, connecting clients to institutional liquidity through Equinix infrastructure and offering leverage up to 1:1000 with no minimum deposit.
• The broker launches under Saint Lucia registration while actively pursuing a Mauritius FSC license, entering a crowded market where rivals like IC Markets and Pepperstone already offer similar zero-spread account structures.

Former BlackBull Markets chief strategy officer Benjamin Boulter launched TabTrade, introducing a retail forex and CFD broker that charges commissions instead of embedding costs in spreads. The company is registered in Saint Lucia and went live on MetaTrader 5, offering zero average spreads on major pairs, including EUR/USD, GBP/USD, and USD/JPY.

Boulter built his career at Pepperstone, joining in 2015 and leading partnership and growth functions for roughly four years, including a relaunch of the broker’s global affiliate program. He then moved to BlackBull Markets in late 2018 as an early shareholder, eventually rising to chief strategy officer before departing in September 2024 after six years. The birth of his first child and a strong external offer for BlackBull prompted him to reassess the industry, leading him to reconnect with a former colleague and quietly build TabTrade before bringing in a broader team.

TabTrade Launches With Zero Spreads Led by BlackBull Veteran

“Many brokers advertise spreads starting from zero,” Boulter said. “TabTrade is built on a model designed to deliver zero average spreads on the most actively traded forex pairs.”

TabTrade operates two account tiers. Edge accounts target execution below 30 milliseconds, while VIP accounts aim for under 20 milliseconds. The broker connects clients to institutional liquidity through FIX API and Equinix data center infrastructure at LD4 and LD5, offers leverage up to 1:1000, and sets no minimum deposit requirement.

The broker enters a fiercely competitive space. IC Markets, Pepperstone, and FP Markets have offered zero-spread account structures for years, typically pairing them with a per-lot commission. The CFD industry closed 2025 with more than 6.79 million active accounts globally, marking a 14.6% jump in the final quarter alone.

TabTrade currently holds only a Saint Lucia registration but actively pursues a license from the Financial Services Commission in Mauritius, with further regulatory steps planned. The company holds client funds in segregated accounts, separate from company capital.

The broker plans to add TradingView and cTrader integrations alongside its existing MetaTrader 5 platform and covers forex, indices, commodities, metals, shares, and cryptocurrencies. Boulter acknowledged the competitive challenge directly. “In many ways core product offerings have become similar among brokers,” he said. “Most offer the same platforms, asset classes, pricing structures, and advertise the same benefits.” His team argues that TabTrade’s differentiation sits in pricing structure, team quality, and institutional-grade technology.

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