Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs FXGT.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BlackBull Markets and FXGT.com provide distinct offerings for online traders, with key differences in their regulatory standing. Established in 2014, BlackBull Markets holds a Tier-1 license and has achieved a Trust Score of 78 out of 99 according to ForexBrokers.com, indicating an average-risk level. Unlike its competitor, BlackBull Markets does not hold any Tier-2 licenses, but its Tier-1 license still establishes a foundation of reliability for many traders. As a privately held company, it gives traders some assurance of sound practices without the complexities associated with being publicly traded.
In contrast, FXGT.com, founded in 2019, holds both a Tier-1 and a Tier-2 license, offering some level of confidence due to its regulatory coverage. However, with a Trust Score of 69 out of 99, it falls into the high-risk category, according to ForexBrokers.com. Like BlackBull Markets, it is also privately owned and not a bank, which might influence the decision-making process for prospective clients considering who to entrust with their trading activities. Despite the similar licensing landscape, the key differentiator here is the Trust Score, which suggests that BlackBull Markets may be perceived as the safer option between the two.
| Feature |
BlackBull Markets
|
FXGT.com
|
|---|---|---|
| Year Founded | 2014 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing BlackBull Markets and FXGT.com in terms of commissions and fees, BlackBull Markets stands out with a stronger offering. BlackBull Markets provides three different account types that cater to varying needs. The Standard account is commission-free with no minimum deposit requirement, making it accessible to beginners, although it comes with higher spreads. The Prime account, on the other hand, offers significantly lower spreads, with the average spread on the EUR/USD being 0.16 and a total cost of 0.76 when factoring in a commission of $6 per 10,000 traded. This account, however, does require a minimum deposit of $2,000. For more active traders, the ECN Institutional account demands a $20,000 deposit and offers even lower commission rates of $4 per round turn.
FXGT.com lacks detailed average spread data, making it difficult to precisely evaluate its cost structure against BlackBull Markets. However, its overall pricing for commissions and fees may not be as competitive. Consequently, BlackBull Markets is rated 4.5 stars for its commission and fee structure, reflecting a more favorable setup for cost-savvy traders, while FXGT.com receives a 3.5-star rating.
In terms of rankings, BlackBull Markets is positioned as the 18th out of 62 brokers by ForexBrokers.com for its commissions and fees, showcasing its relatively strong market position. FXGT.com, however, is ranked 55th out of 62, indicating that it might not be as cost-effective when compared to other brokers in the market. These rankings suggest that traders may find better value with BlackBull Markets, particularly if they are prioritizing competitive fees and commissions.
| Feature |
BlackBull Markets
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing BlackBull Markets with FXGT.com, there are noticeable differences in the range of investment options available for traders. BlackBull Markets offers an extensive selection with 26,000 tradeable symbols, surpassing FXGT.com's offering of 117 symbols. For those interested in forex trading, both brokers provide opportunities through CFDs or spot contracts. However, BlackBull Markets gives users access to a wider array of 72 forex pairs compared to FXGT.com's 53 pairs. Additionally, BlackBull Markets allows investors to purchase exchange traded securities directly from U.S. and international exchanges, enabling trades in shares like Apple and Vodafone, while FXGT.com does not offer this feature.
Both platforms provide cryptocurrency derivatives, ensuring that traders can engage with the crypto market without owning the actual digital assets. As for user feedback, BlackBull Markets receives a 5-star rating for its range of investments, ranking it sixth among 62 brokers according to ForexBrokers.com. In contrast, FXGT.com scores 3 stars, placing it at 60th in the same category. Despite having similar features like copy trading, the extensive investment options and higher ratings make BlackBull Markets a more attractive choice for those seeking a diverse trading portfolio.
| Feature |
BlackBull Markets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 117 |
| Forex Pairs (Total) | 72 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of BlackBull Markets and FXGT.com, both brokers offer comprehensive features for traders at different skill levels. Both platforms provide simulated trading through free virtual demo accounts, allowing users to practice without financial risk. They support popular desktop and web-based platforms, including MetaTrader 4 and MetaTrader 5, while neither offers a proprietary platform. Both brokers provide copy trading options, though BlackBull Markets takes it a step further by offering ZuluTrade, a feature not available with FXGT.com.
Charting tools reveal some differences: BlackBull Markets offers an impressive 60 drawing tools, significantly more than FXGT.com's 23. Both brokers enable trading directly from stock charts, though BlackBull Markets also offers more customizability in watch lists with six columns compared to FXGT.com's five. Despite both receiving four-star ratings for their trading platforms and tools, BlackBull Markets has a higher ranking (#29) than FXGT.com (#56) among 62 brokers according to ForexBrokers.com, highlighting its broader appeal and additional charting capabilities.
| Feature |
BlackBull Markets
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 37 |
| Charting - Drawing Tools (Total) | 60 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both BlackBull Markets and FXGT.com offer mobile trading apps for iPhone and Android devices, allowing traders to keep track of their investments on the go. These apps come equipped with features like stock and forex price alerts and the ability to sync watchlists with users' online accounts, ensuring a seamless experience across platforms. Each app offers 30 technical studies for charting, enabling users to analyze market trends effectively. Additionally, both apps allow for trendline drawing on charts and viewing different time frames, such as daily or weekly, catering to traders' diverse needs. They also support auto-saving of drawings and the creation of watchlists with real-time quotes, making them comprehensive tools for modern traders.
Although both platforms provide similar functionality, BlackBull Markets stands out with a higher user rating of 4 stars for its mobile trading app compared to FXGT.com's 3.5 stars. This higher rating reflects user satisfaction, likely influenced by the intuitive design and feature-rich environment of the BlackBull Markets app. Furthermore, BlackBull Markets is ranked 31st out of 62 brokers by ForexBrokers.com for mobile trading apps, whereas FXGT.com is positioned at 58. These rankings suggest that BlackBull Markets might offer a slightly better user experience in the mobile trading domain.
| Feature |
BlackBull Markets
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing BlackBull Markets and FXGT.com, BlackBull Markets has a clear edge in market research offerings. BlackBull Markets provides daily market commentary, which is a valuable tool for traders seeking timely insights, while FXGT.com does not offer this service. Both brokers lack forex news from renowned news sources like Bloomberg or Reuters, and neither has partnerships with firms like Trading Central or Acuity Trading for specialized research tools. However, BlackBull Markets gives its users access to Autochartist tools for technical and fundamental analysis, a feature not available with FXGT.com. Both brokers include a sentiment-based trading tool and an economic calendar to keep traders informed about global market movements.
Considering these factors, it's not surprising that BlackBull Markets earns 4 out of 5 stars in research from ForexBrokers.com, ranking it 18th among 62 brokers. In contrast, FXGT.com receives a lower rating, with 3 out of 5 stars and a 56th position in the same category. When it comes to making data-driven trading decisions, BlackBull Markets stands out as the more resourceful choice between the two.
| Feature |
BlackBull Markets
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners from BlackBull Markets and FXGT.com, BlackBull Markets clearly leads the way. BlackBull Markets provides more than 10 educational pieces, including articles, videos, and archived webinars focused on forex or CFDs, ensuring a solid start for new traders. Additionally, they host online educational webinars at least once a month and offer a searchable archive of these recordings, giving clients the opportunity to learn continuously and on their schedule. For beginners and advanced traders alike, BlackBull Markets supplies a wide variety of over 10 videos each, aimed at enhancing knowledge and trading strategies. Their investor dictionary, containing over 50 investing terms, further enriches a trader’s learning journey.
FXGT.com, on the other hand, falls short in several areas when compared to BlackBull Markets. While they do provide an investor dictionary with definitions of at least 50 investing terms, they do not offer the same volume of educational materials for forex or CFDs. There are no monthly webinars or archives available for client viewing, nor are there 10 dedicated beginner videos or content aimed at experienced traders. This lack of comprehensive educational materials reflects in their lower education rating of 3 stars, compared to BlackBull Markets’ 4 stars. Ranked by ForexBrokers.com, BlackBull Markets stands significantly higher at #29 out of 62 brokers, compared to FXGT.com’s position at #59, highlighting BlackBull Markets as a superior choice for educational resources.
| Feature |
BlackBull Markets
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than FXGT.com. BlackBull Markets finished with an overall rank of #24, while FXGT.com finished with an overall rank of #58.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 69 |
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Both BlackBull Markets and FXGT.com offer the ability to trade cryptocurrency derivatives but do not provide the option to buy actual, delivered cryptocurrency.
When comparing online brokers BlackBull Markets and FXGT.com, BlackBull Markets supports Skrill, Visa/Mastercard, and bank wire transfers for deposits and withdrawals, while FXGT.com offers ACH or SEPA transfers, Visa/Mastercard, and bank wire transfers, with neither platform providing PayPal as an option.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | BlackBull Markets | FXGT.com | |
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| Trust Score | 78 | 69 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | FXGT.com | |
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| Regulation | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Trust Score | 78 | 69 | |
| Year Founded | 2014 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 117 | |
| Forex Pairs (Total) | 72 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 5 | |
| Charting - Indicators / Studies (Total) | 109 | 37 | |
| Charting - Drawing Tools (Total) | 60 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | FXGT.com | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | BlackBull Markets Review |
| Overall | BlackBull Markets | FXGT.com | |
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| Trust Score | 78 | 69 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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