Written by ForexBrokers.com
In this head to head comparison of XTB vs BlackBull Markets, 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.
When comparing the online brokers XTB and BlackBull Markets, one essential factor to consider is their regulatory status and trust ratings. Established in 2002, XTB has earned a high Trust Score of 96 out of 99 from ForexBrokers.com, signaling a high level of trust. XTB is publicly traded and holds two Tier-1 licenses, as well as two Tier-2 licenses, indicating strong regulatory oversight. In contrast, BlackBull Markets, founded in 2014, has a Trust Score of 78, categorizing it under the average risk category by ForexBrokers.com. BlackBull Markets holds one Tier-1 license, which still provides a good level of trust but does not reach the same regulatory assurance level as XTB. The lack of Tier-2 licenses further highlights the regulatory differences between the two brokers.
In summary, while both brokers offer services in the online trading space, XTB's higher Trust Score, status as a publicly traded company, and multiple licenses from top-tier regulators make it a more reassuring option for risk-averse traders. BlackBull Markets, with its average risk rating and fewer regulatory endorsements, may still be a viable choice for those willing to work with a newer entity in this field. These distinctions can help guide potential investors or traders in making informed decisions based on regulatory trustworthiness.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 2002 | 2014 |
| Publicly Traded (Listed) | Yes | |
| Bank | ||
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of XTB and BlackBull Markets, both brokers offer competitive pricing, though they cater to slightly different trader preferences. XTB provides two primary account types: the spread-only Standard account and a Commission-based Professional account, though the latter is becoming less accessible. The average spread for the widely traded EUR/USD pair in XTB's Standard account is 1 pip, which aligns with industry averages. XTB’s Standard account is a cost-effective choice for retail forex traders, boasting a minimum deposit of 250 base currency and offering spread rebates for active traders. XTB is highly rated, receiving 4.5 out of 5 stars and ranked 11th out of 63 brokers by ForexBrokers.com in the Commissions and Fees category.
BlackBull Markets offers three distinct account options, with varying fees linked to each. Their Standard account offers commission-free trading with no deposit minimum but higher spreads. The Prime account is noted for its competitive spreads, boasting an average spread of 0.16 for EUR/USD, but requires a $2,000 minimum deposit and incurs a commission of $6 per lot round turn. Active traders with substantial deposits can consider their ECN Institutional account, which demands a $20,000 minimum deposit but provides a lower commission rate of $4 per lot round turn. BlackBull Markets matches XTB in terms of star ratings, earning 4.5 out of 5 stars. However, it ranks 18th out of 63 in ForexBrokers.com's Commissions and Fees category.
In conclusion, both brokers offer attractive options depending on your trading style and volume. XTB is well-suited for retail traders with its straightforward Standard account and rebate programs for active trading, while BlackBull Markets' Prime account is optimal for traders preferring tighter spreads with higher funds to invest. Both brokers maintain competitive ratings, but XTB nudges slightly ahead in ranks within the Commissions and Fees category, emphasizing its cost-effectiveness for frequent traders.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | 0.71 |
| All-in Cost EUR/USD - Active | 1.00 | 0.71 |
| Active Trader or VIP Discounts | Yes | |
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of available investments, both XTB and BlackBull Markets offer compelling options for traders. XTB provides access to forex trading through CFDs or spot contracts and boasts a substantial selection of 7,184 tradeable symbols, including 71 forex pairs. Investors can also trade exchange-traded securities directly on both U.S. and international exchanges, adding global giants like Apple and Vodafone to their portfolios. Though XTB doesn't support copy trading or actual cryptocurrency purchases, it does offer cryptocurrency derivatives for those seeking exposure to digital assets.
BlackBull Markets also facilitates forex trading through CFDs or spot contracts, surpassing XTB in the number of tradeable symbols with an impressive 26,000 options, including 72 forex pairs. Like XTB, BlackBull Markets allows clients to invest in exchange-traded securities on both U.S. and global exchanges. Additionally, BlackBull Markets supports copy trading, providing a social trading experience for its users. Though it does not provide the purchase of real cryptocurrencies, it does offer crypto derivatives. Given their robust offerings, both brokers receive a five-star rating in the Range of Investments category, with BlackBull Markets securing a higher rank at #6 compared to XTB's #14, according to ForexBrokers.com.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 26000 |
| Forex Pairs (Total) | 71 | 72 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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 trading platforms and tools, XTB and BlackBull Markets each bring a unique set of offerings to the table. Both brokers provide a simulated trading experience with free virtual demo accounts, allowing traders to practice strategies without financial risk. XTB stands out with its proprietary platform, specifically developed in-house, alongside a Windows desktop download and a web-based platform. In contrast, BlackBull Markets leverages the popular MetaTrader 4 and MetaTrader 5 platforms, offering traders a familiar environment for their trading activities. Both brokers support trading directly from stock charts, but BlackBull Markets additionally offers copy trading and integration with ZuluTrade, catering to traders interested in following and copying other investors. Moreover, XTB provides a slightly richer experience in terms of watchlist customization with eight columns available compared to BlackBull Markets’ six columns.
For charting enthusiasts, BlackBull Markets offers a higher number of drawing tools, with 60 options compared to XTB's 32. However, XTB's trading platforms and tools earned a slightly higher rating of 4.5 stars out of five, compared to BlackBull Markets' 4 stars. This is reflected in their respective rankings by ForexBrokers.com, where XTB is placed at an impressive #9 out of 63 brokers, while BlackBull Markets is ranked #29. Both brokers have strengths that cater to different trading preferences, with XTB offering a high-quality proprietary experience and BlackBull Markets providing robust third-party trading platforms along with comprehensive tools for those interested in social trading.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | |
| MetaTrader 5 (MT5) | Yes | |
| DupliTrade | ||
| ZuluTrade | Yes | |
| Charting - Indicators / Studies (Total) | 39 | 109 |
| Charting - Drawing Tools (Total) | 32 | 60 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps offered by XTB and BlackBull Markets, both brokers provide solid options for traders using iPhone and Android devices. Each app supports stock and forex price alerts, along with the ability to draw trendlines on charts and view multiple time frames. However, XTB edges ahead with 39 technical studies available for charting, compared to BlackBull Markets' 30. Both platforms allow for the creation of watchlists with real-time quotes, but only BlackBull Markets offers watchlist symbol syncing. Despite this, XTB still comes out on top with a 4.5-star rating for its mobile trading app, beating BlackBull Markets' 4-star score.
According to ForexBrokers.com, XTB ranks #8 out of 63 brokers, while BlackBull Markets falls to #31 in the Mobile Trading Apps category. Furthermore, users of both apps benefit from auto-saving drawings on charts, providing a seamless trading experience across platforms. Overall, while both brokers deliver essential features for mobile trading, XTB’s app stands out with its higher ranking and broader range of technical studies, making it a preferred choice for traders seeking comprehensive mobile trading capabilities.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | |
| Mobile Charting - Indicators / Studies | 39 | 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 the market research offerings of XTB and BlackBull Markets, both brokers provide daily market commentary, helping traders stay informed about ongoing market trends. While XTB delivers forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, BlackBull Markets does not offer this feature. In terms of analysis tools, BlackBull Markets shines with offerings from Autochartist, while XTB does not provide tools from this company. However, both brokers offer sentiment-based trading tools, showing ratios of long and short positions across currency pairs, and they each provide an economic calendar to keep traders updated on global news events.
XTB and BlackBull Markets both have areas where they excel, but XTB stands out for its research offerings, earning a 5-star rating compared to BlackBull Markets' 4 stars. This superior rating is mirrored in their rankings by ForexBrokers.com, where XTB is positioned at #7, far ahead of BlackBull Markets, which is ranked at #18 out of 63 brokers. This solid ranking is attributed to XTB's comprehensive market research that includes forex news from top-tier sources and their effective sentiment analysis tools, which provide considerable insight and advantage to traders.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | |
| Trading Central (Recognia) | ||
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both XTB and BlackBull Markets offer comprehensive materials to ease new traders into the world of forex and CFDs. XTB provides over ten educational pieces, along with regular webinars and a searchable archive of past sessions. Their offerings are tailored to both newcomers and advanced traders, featuring beginner and advanced videos covering various trading topics. BlackBull Markets matches these offerings, with an identical range of educational pieces, monthly webinars, and a rich archive of recorded sessions to help budding traders gain confidence. Additionally, they supplement their educational outreach with an investor dictionary that explains over 50 investing terms, a feature not noted in XTB’s offerings.
Despite the similar range of educational content, XTB edges ahead with a perfect 5-star rating for education, as opposed to BlackBull Markets' 4-star rating. XTB’s top-notch educational support places it at number 11 out of 63 brokers according to ForexBrokers.com, reflecting its strong commitment to enhancing trader education. BlackBull Markets, while still commendable with a 29th ranking in education, offers substantial resources that include thorough instructional videos for all skill levels, ensuring that both brokers provide solid starting points for those eager to learn about trading.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XTB is better than BlackBull Markets. XTB finished with an overall rank of #7, while BlackBull Markets finished with an overall rank of #24.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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BlackBull Markets
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| Overall Rating |
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| Trust Score | 96 | 78 |
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When comparing XTB and BlackBull Markets, neither platform offers the ability to buy actual delivered cryptocurrency, but both provide options for trading cryptocurrency derivatives.
When comparing the online brokers XTB and BlackBull Markets for deposit and withdrawal options, XTB does not support ACH or SEPA transfers while BlackBull Markets also does not offer them; XTB allows transactions via PayPal, Skrill, Visa/Mastercard, and bank wires, whereas BlackBull Markets supports Skrill, Visa/Mastercard, and bank wires but does not specify support for PayPal.
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 | XTB | BlackBull Markets | |
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| Trust Score | 96 | 78 | |
| Winner | check_circle | ||
| Review | XTB Review | BlackBull Markets Review |
| Broker Screenshots | XTB | BlackBull Markets | |
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| Regulation | XTB | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 96 | 78 | |
| Year Founded | 2002 | 2014 | |
| Publicly Traded (Listed) | Yes | ||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | BlackBull Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | |||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | |||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | XTB | BlackBull Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | XTB | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 26000 | |
| Forex Pairs (Total) | 71 | 72 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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 | XTB | BlackBull Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 0.71 | |
| All-in Cost EUR/USD - Active | 1.00 | 0.71 | |
| Active Trader or VIP Discounts | Yes | ||
| Inactivity Fee | Yes | ||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | XTB | BlackBull Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | ||
| MetaTrader 5 (MT5) | Yes | ||
| cTrader | Yes | ||
| DupliTrade | |||
| ZuluTrade | Yes |
| Trading Tools | XTB | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 6 | |
| Charting - Indicators / Studies (Total) | 39 | 109 | |
| Charting - Drawing Tools (Total) | 32 | 60 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | BlackBull Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | ||
| Mobile Charting - Indicators / Studies | 39 | 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 | XTB | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | ||
| Trading Central (Recognia) | |||
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XTB | BlackBull Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes |
| Major Forex Pairs | XTB | BlackBull Markets | |
|---|---|---|---|
| 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 | XTB Review | BlackBull Markets Review |
| Overall | XTB | BlackBull Markets | |
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| Trust Score | 96 | 78 | |
| Winner | check_circle | ||
| Review | XTB Review | BlackBull Markets Review |
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