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BlackBull Markets vs Xtrade 2025

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of BlackBull Markets vs Xtrade, 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.

Regulation

BlackBull Markets and Xtrade, both accessible online brokers, offer different regulatory

Fees

When comparing the commissions and fees of BlackBull Markets and Xtrade, BlackBull Markets offers a more favorable trading experience. With an average spread of 0.16 on the EUR/USD pair for its Prime account, BlackBull's overall cost totals 0.76, including a commission of $6 per 10,000 traded. The Standard account is commission-free, although it features higher spreads, whereas the Prime account requires a $2,000 minimum deposit but rewards traders with lower spreads and a commission of $3 per trade side. For high-volume traders, BlackBull's ECN Institutional account mandates a $20,000 deposit, providing commission rates of $2 per side.

Key Features of BlackBull Accounts:

• Standard Account: No commissions, higher spreads, no minimum deposit.
• Prime Account: $2,000 minimum deposit, $6 round turn commission, lower spreads.
• ECN Institutional Account: $20,000 minimum deposit, $4 round turn commission.

Xtrade, on the other hand, lacks available data on average spreads and generally receives lower ratings. Without this essential information, assessing Xtrade's cost efficiency becomes challenging. BlackBull Markets is rated 4.5 stars for its commissions and fees, earning rank #18 out of 62 brokers by ForexBrokers.com, reflecting its competitive pricing structure.

In contrast, Xtrade has a poor rating of 2.5 stars and is ranked last at #62 in the same category. This suggests that Xtrade may not offer as competitive an environment for cost-effective trading compared to BlackBull Markets' offerings. For those prioritizing cost efficiency, BlackBull Markets appears to stand ahead with more transparent and advantageous pricing.

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

When comparing the range of investment offerings between BlackBull Markets and Xtrade, BlackBull Markets stands out with an impressive 26,000 tradeable symbols, including 72 forex pairs. Meanwhile, Xtrade offers 482 tradeable symbols with 56 forex pairs. Notably, BlackBull Markets provides the option to purchase exchange-traded securities on both U.S. and international exchanges, allowing clients to invest directly in well-known companies like Apple and Vodafone. Unfortunately, Xtrade does not offer this capability, limiting their investment scope to CFDs only.

Both brokers provide CFD trading in forex and cryptocurrency derivatives, although neither offers the ability to buy actual cryptocurrency. Additionally, investors seeking copy trading will find this feature available only with BlackBull Markets, further enhancing its appeal. With its extensive list of investable assets and features, BlackBull Markets receives high recognition, earning a 5-star rating for its investment range and ranking 6th out of 62 brokers according to ForexBrokers.com. In comparison, Xtrade holds a 3.5-star rating and ranks 49th, reflecting its more limited range of offerings.

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

When comparing BlackBull Markets to Xtrade, both brokers offer the convenience of simulated trading through free virtual demo accounts, making it easier for traders to familiarize themselves with the platforms. However, BlackBull Markets leverages popular platforms MetaTrader 4 and MetaTrader 5, catering to traders who prefer these well-established, feature-rich tools. Conversely, Xtrade provides its own proprietary platform tailored to user needs. For those prioritizing a Windows-based desktop trading experience, BlackBull Markets fulfills this requirement, unlike Xtrade, which focuses on web-based access. Both brokers provide web-based platforms, allowing users to trade directly from their browsers.

Copy trading is another area where BlackBull Markets shines with its inclusion of ZuluTrade, an option absent from Xtrade. While Xtrade boasts a larger assortment of drawing tools for charting—100 compared to BlackBull Markets' 60—the ability to trade directly from stock charts remains a common feature between them. Moreover, in creating watch lists, Xtrade offers a slightly enhanced range with nine fields, surpassing BlackBull's six. Rated at 4 stars for trading platforms and tools, BlackBull Markets holds the advantage, ranking 28th out of 62 brokers, while Xtrade is rated 3.5 stars and ranks 58th.

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing the mobile trading apps of BlackBull Markets and Xtrade, both brokers offer iPhone and Android apps. BlackBull Markets stands out with its comprehensive features, providing price alerts, watchlist syncing, and the ability to create watchlists with real-time quotes. Xtrade, however, lacks these functionalities. BlackBull Markets also impresses with 30 technical studies for charting, allowing users to draw trend lines and view multiple time frames, with auto-saving capabilities for any drawings, which Xtrade does not support. Both platforms are rated four stars for mobile trading apps, but BlackBull Markets holds a higher ranking at #30 compared to Xtrade's #53, according to ForexBrokers.com.

These differences indicate that traders who value detailed chart analysis and streamlined watchlist management might prefer BlackBull Markets. Though both brokers share the same user rating, the assortment of tools and syncing convenience on BlackBull Markets’ app may cater more effectively to users seeking a feature-rich trading experience.

Dive deeper: Best Forex Trading Apps.

Market research

When comparing the market research offerings of BlackBull Markets and Xtrade, several distinctions are clear. Both brokers offer daily market commentary and maintain an economic calendar to keep traders informed of global events. However, BlackBull Markets stands out with its access to Autochartist tools, enabling in-depth technical and fundamental analysis. Moreover, BlackBull Markets provides a sentiment-based trading tool that helps users gauge the sentiment toward various currency pairs through insights into long or short positions, a feature not available with Xtrade.

On the other hand, Xtrade offers forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to high-quality information, which BlackBull Markets does not provide. Despite this advantage, BlackBull Markets achieves a higher overall research rating of 4 stars compared to Xtrade's 3.5 stars. In the ForexBrokers.com ranking, BlackBull Markets is listed as the 18th best out of 62 brokers, far ahead of Xtrade, which ranks at 52nd. Although neither broker offers research tools from Trading Central, TipRanks, or Acuity Trading, the differences in other areas of market research make BlackBull Markets a preferable choice for the informed trader.

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing BlackBull Markets and Xtrade for educational resources targeting beginner traders, BlackBull Markets clearly stands out. Both platforms offer more than 10 educational pieces, such as articles and videos centered on forex or CFDs. However, BlackBull Markets takes a step further by providing monthly online educational webinars and a searchable archive of recorded sessions, while Xtrade doesn’t offer these features. When it comes to video content specifically for beginners, BlackBull Markets presents over 10 videos, a resource that Xtrade doesn’t match. This extra level of support makes BlackBull Markets a more enriching choice for those new to trading.

In terms of catering to advanced traders, BlackBull Markets again delivers with over 10 educational videos designed for seasoned investors, whereas Xtrade lacks resources at this level. Both platforms offer an investor dictionary with numerous investing term definitions, but this isn't enough to even the scales. BlackBull Markets achieves a 4-star rating for education compared to Xtrade's 3.5 stars, reflecting its more comprehensive educational offerings. Ranked 29th out of 62 brokers by ForexBrokers.com for education, BlackBull Markets surpasses Xtrade’s 46th place, indicating a stronger emphasis on helping traders at all levels learn and succeed.

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Xtrade. BlackBull Markets finished with an overall rank of #24, while Xtrade finished with an overall rank of #59.

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.

FAQs

Can you trade cryptocurrency with BlackBull Markets or Xtrade?

Both BlackBull Markets and Xtrade offer the opportunity to buy cryptocurrency derivatives, but neither provides the option to purchase actual delivered cryptocurrencies.

What funding options does each broker offer?

Both BlackBull Markets and Xtrade do not support ACH, SEPA, or PayPal for deposits and withdrawals, but they do offer Skrill, Visa or Mastercard, and bank wire transfer options.

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Overall Rating	BlackBull Markets	Xtrade
Overall Rating info
Commissions & Fees
Range of Investments
Platform & Tools
Mobile Trading
Research
Education
Trust Score info	78	74
Winner	check_circle
Review	BlackBull Markets Review	Xtrade Review

Broker Screenshots	BlackBull Markets	Xtrade
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info

Regulation	BlackBull Markets	Xtrade
Trust Score info	78	74
Year Founded info	2014	2003
Publicly Traded (Listed) info	No	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	Yes
Tier-1 Licenses info	1	1
Tier-2 Licenses info	0	1
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	1

Tier-1 Licenses (Highly Trusted)	BlackBull Markets	Xtrade
Australia (ASIC Authorised) info	No	No
Canada (CIRO Authorised) info	No	No
Hong Kong (SFC Authorised) info	No	No
Japan (SFC Authorised) info	No	No
Singapore (MAS Authorised) info	No	No
Switzerland (FINMA Authorised) info	No	No
United Kingdom (U.K.) (FCA Authorised) info	No	No
USA (CFTC Authorized) info	No	No
New Zealand (FMA Authorised) info	Yes	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	Yes

Tier-2 Licenses (Trusted)	BlackBull Markets	Xtrade
Kenya (CMA Authorised) info	No	No
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	Yes
UAE (DFSA/Central Bank Authorised) info	No	No
India (SEBI Authorised) info	No	No
Jordan (JSC Authorised) info	No	No

Investments	BlackBull Markets	Xtrade
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	482
Forex Pairs (Total) info	72	56
U.S. Stock Trading (Non CFD) info	Yes	No
Int'l Stock Trading (Non CFD) info	Yes	No
Social Trading / Copy Trading info	Yes	No
Cryptocurrency (Physical) info	No	No
Cryptocurrency (Derivative) info	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	Xtrade
Average Spread EUR/USD - Standard info	0.71 info	N/A info
All-in Cost EUR/USD - Active info	0.71 info	N/A info
Active Trader or VIP Discounts info	Yes	No
Inactivity Fee info	No	No
Execution: Agency Broker info	No	No
Execution: Market Maker info	Yes	Yes

Funding	BlackBull Markets	Xtrade
Minimum Deposit info	$0	$250
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	Yes
Visa/Mastercard (Credit/Debit) info	Yes	Yes
Bank Wire (Deposit/Withdraw) info	Yes	Yes
ACH or SEPA Transfers info	No	No

Trading Platforms	BlackBull Markets	Xtrade
Proprietary Platform info	No	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Social Trading / Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
cTrader info	Yes	No
DupliTrade info	No	No
ZuluTrade info	Yes	No

Trading Tools	BlackBull Markets	Xtrade
Virtual Trading (Demo) info	Yes	Yes
Alerts - Basic Fields info	Yes	No
Watchlists - Total Fields info	6	9
Charting - Indicators / Studies (Total) info	109	N/A
Charting - Drawing Tools (Total) info	60	100
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	No

Mobile Trading	BlackBull Markets	Xtrade
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Alerts - Basic Fields info	Yes	No
Mobile Watchlist info	Yes	No
Watchlist Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	30	N/A
Mobile Charting - Draw Trendlines info	Yes	No
Mobile Charting - Multiple Time Frames info	Yes	No
Mobile Charting - Drawings Autosave info	Yes	No
Mobile Economic Calendar info	Yes	No

Research	BlackBull Markets	Xtrade
Daily Market Commentary info	Yes	Yes
Forex News (Top-Tier Sources) info	No	Yes
Autochartist info	Yes	No
Trading Central (Recognia) info	No	No
TipRanks info	No	No
Social Sentiment - Currency Pairs info	Yes	No
Economic Calendar info	Yes	Yes

Education	BlackBull Markets	Xtrade
Education (Forex or CFDs) info	Yes	Yes
Client Webinars info	Yes	No
Client Webinars (Archived) info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	No
Investor Dictionary (Glossary) info	Yes	Yes

Major Forex Pairs	BlackBull Markets	Xtrade
GBP/USD info	Yes	Yes
USD/JPY info	Yes	Yes
EUR/USD info	Yes	Yes
USD/CHF info	Yes	Yes
USD/CAD info	Yes	Yes
NZD/USD info	Yes	Yes
AUD/USD info	Yes	Yes
Review	BlackBull Markets Review	Xtrade Review

Overall	BlackBull Markets	Xtrade
Overall Rating info
Commissions & Fees
Range of Investments
Platform & Tools
Mobile Trading
Research
Education
Trust Score info	78	74
Winner	check_circle
Review	BlackBull Markets Review	Xtrade Review

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