FXCM vs BlackBull Markets 2026

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

FXCM vs BlackBull Markets: FXCM was founded in 1999 and is publicly traded, while BlackBull Markets launched in 2014 and is not publicly traded; neither is a bank. On the ForexBrokers.com Trust Score (out of 99), FXCM scores 95 (highly trusted: 90–99) and BlackBull Markets scores 77 (average risk: 70–79). For context, 80–89 is trusted, 60–69 is high risk, and below 59 should not be trusted.

Regulation highlights the difference. FXCM holds 4 Tier-1 licenses (highly trusted regulators) and 2 Tier-2 licenses (trusted regulators). BlackBull Markets holds 1 Tier-1 license and no Tier-2 licenses. If heavier regulatory coverage and a public listing matter to you, FXCM offers stronger credentials, while BlackBull Markets provides a leaner regulatory profile.

Feature	FXCM	BlackBull Markets
Year Founded info	1999	2014
Publicly Traded (Listed) info	Yes	No
Bank info	No	No
Tier-1 Licenses info	4	1
Tier-2 Licenses info	2	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	1

Fees

Comparing commissions and fees at FXCM vs BlackBull Markets: both earn 4.5 out of 5 stars. FXCM ranks #17 of 63 for Commissions and Fees at ForexBrokers.com, while BlackBull Markets ranks #9 of 63. BlackBull’s pricing trends around the industry average, and FXCM’s is slightly higher on average, though account type and trading volume can materially affect what you actually pay.

FXCM’s Standard account averaged 0.78 pips on EUR/USD in May 2024 for its EU, U.K., and Australia offerings, while its St. Vincent and the Grenadines entity averaged 1.38 pips. FXCM’s commission-based accounts averaged a 0.28-pip core spread in May 2024, with an effective cost near 0.74 pips after commissions. Active traders may qualify for the FXCM Active Trader Rebate Program (not available in the U.K. or EU), which pays $5–$25 per million traded when you trade at least $10 million per month; specific requirements vary by region and volume, and spreads can widen during rollover or volatile market conditions.

BlackBull Markets offers three accounts. The Standard account is commission-free with higher spreads and no minimum deposit. The Prime account requires $2,000 and charges $3 per side ($6 round turn); in March 2024, its EUR/USD averaged 0.16 pips before commission for an all-in cost around 0.76 pips—often the better value versus Standard. The ECN Institutional account targets higher-volume traders with a $20,000 minimum and $2 per side ($4 round turn). In short, both brokers deliver similar all-in EUR/USD pricing on their commission accounts (FXCM ~0.74 pips vs BlackBull Prime ~0.76 pips), but BlackBull holds the higher category rank (#9 vs #17).

Feature	FXCM	BlackBull Markets
Minimum Deposit info	Starts from $50	$0
Average spread (EUR/USD) - Standard account info	0.9 info	1.16 info
All-in Cost EUR/USD - Active info	0.8 info	0.76 info
Non-wire bank transfer info	Yes	No
PayPal (Deposit/Withdraw) info	Yes	No
Skrill (Deposit/Withdraw) info	Yes	Yes
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

FXCM and BlackBull Markets both let you trade forex either as CFDs or spot contracts. The big difference is the size of their product lineups: FXCM lists 440 tradeable symbols and 46 currency pairs, while BlackBull Markets offers 26,000 symbols and 72 forex pairs. Only BlackBull Markets lets you buy real, exchange‑traded shares on U.S. and international markets (for example, Apple on NASDAQ or Vodafone in London). Both brokers support copy trading. Neither broker sells actual crypto, but both provide cryptocurrency CFDs.

For range of investments, ForexBrokers.com rates FXCM 4.5/5 (ranked 21st of 63) and BlackBull Markets 5/5 (ranked 7th of 63). If you want the widest market access—including thousands of instruments and the ability to buy real stocks—BlackBull Markets is the stronger pick. If you prefer a smaller lineup yet still want forex, copy trading, and crypto CFDs, FXCM covers the basics well.

Feature	FXCM	BlackBull Markets
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	440	26000
Forex Pairs (Total) info	46 info	72
U.S. Stocks (Shares) info	No	Yes
Global Stocks (Non-U.S. Shares) info	No	Yes
Copy Trading info	Yes	Yes
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) 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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

FXCM and BlackBull Markets both make it easy to get started with a free demo account and offer web and Windows desktop platforms, along with copy trading. Each supports MetaTrader 4 (MT4), and both let you place trades directly from charts. A key difference: FXCM also provides its own in-house platform, while BlackBull Markets does not. On the flip side, BlackBull Markets supports MetaTrader 5 (MT5), which FXCM does not.

For Trading Platforms and Tools, FXCM earns 5 stars and ranks #4 out of 63 brokers at ForexBrokers.com, while BlackBull Markets earns 4 stars and ranks #25. If you want an in-house platform experience, FXCM is appealing; if MT5 access matters, BlackBull Markets stands out. Both let you practice with a demo before committing real funds.

Feature	FXCM	BlackBull Markets
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	Yes	No
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	Yes
MetaTrader 5 (MT5) info	No	Yes
Charting - Indicators / Studies (Total) info	115	109
Charting - Trade From Chart info	Yes	Yes

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

Forex trading apps

FXCM and BlackBull Markets both deliver full-featured mobile trading apps on iPhone and Android. Each app supports stock and forex price alerts, syncs watchlists between mobile and your online account, and lets you draw trendlines on charts. Your chart drawings auto-save, so edits persist across sessions.

For charting depth, FXCM stands out with 59 technical studies compared to BlackBull Markets’ 30. FXCM also earns a higher mobile app rating (4.5 stars) and a better placement in ForexBrokers.com’s Mobile Trading Apps category (#16 out of 63) versus BlackBull Markets’ 4-star rating and #27 ranking. If you want more built-in indicators and a higher-rated experience, FXCM has the edge, while BlackBull Markets still covers the key mobile trading basics.

Feature	FXCM	BlackBull Markets
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	Yes
Mobile Charting - Indicators / Studies info	59	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes

Dive deeper: Best Forex Trading Apps.

Market research

FXCM and BlackBull Markets both deliver daily market commentary, an economic calendar, and a sentiment tool that shows the ratio of long vs. short positions. The key differences are in third‑party research: FXCM includes forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, plus Trading Central analytics and TipRanks research. FXCM does not offer Autochartist or Acuity Trading tools. BlackBull Markets, on the other hand, integrates Autochartist for pattern recognition and alerts, but does not provide top-tier news feeds, Trading Central, TipRanks, or Acuity Trading tools.

If you want professional news and Trading Central insights bundled with your broker, FXCM is the better fit; if you prefer Autochartist to scan markets and generate trade ideas, BlackBull Markets stands out. Both brokers earn 4.5 out of 5 stars for Research, with FXCM ranked #11 and BlackBull Markets ranked #16 out of 63 brokers by ForexBrokers.com.

Feature	FXCM	BlackBull Markets
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	No
Autochartist info	No	Yes
Trading Central info	Yes	No
Client sentiment data info	Yes	Yes
TipRanks info	Yes	No
Acuity Trading info	No	No
Economic Calendar info	Yes	Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

FXCM vs BlackBull Markets: which is better for beginner forex and CFD education? Both brokers offer beginner-friendly learning with at least 10 starter videos, plus 10+ advanced videos for when you’re ready to grow, and ongoing client webinars held at least monthly. You can learn through video lessons, join live webinars, and revisit recordings as you build confidence. Each earns a 4.5 out of 5 education rating, signaling high-quality materials for new traders.

If you’re comparing the two, FXCM holds a higher Education ranking from ForexBrokers.com (#13 of 63) than BlackBull Markets (#24 of 63). For a beginner, that edge may mean a smoother learning path and a wider range of training options, while BlackBull still delivers strong value with a sizable video library and regular webinars. In short, choose FXCM if you want the higher-ranked education hub; choose BlackBull if you want similar quality scores with comparable videos and frequent webinars.

Feature	FXCM	BlackBull Markets
Webinars info	Yes	Yes
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that FXCM is better than BlackBull Markets. FXCM finished with an overall rank of #10, while BlackBull Markets finished with an overall rank of #22.

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Feature	FXCM	BlackBull Markets
Overall Rating info
Trust Score info	95	77
Range of Investments
Trading Fees
Trading Platforms
Research
Mobile Trading
Education

FAQs

Can you trade cryptocurrency with FXCM or BlackBull Markets?

What funding options does each broker offer?

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Overall Rating	FXCM	BlackBull Markets
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	95	77
Winner	check_circle
Review	FXCM Review	BlackBull Markets Review

Broker Screenshots	FXCM	BlackBull Markets
Broker Gallery (click to expand) info

Regulation	FXCM	BlackBull Markets
Trust Score info	95	77
Year Founded info	1999	2014
Publicly Traded (Listed) info	Yes	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	No info
Tier-1 Licenses info	4	1
Tier-2 Licenses info	2	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	0	1

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

Tier-2 Licenses (Trusted)	FXCM	BlackBull Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info	Yes	No
South Africa (FSCA Authorised) info	Yes	No
UAE (DFSA, FSRA, or CMA Authorised) info	No	No
India (SEBI Authorised) info	No	No
Jordan (JSC Authorised) info

Investments	FXCM	BlackBull Markets
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	440	26000
Forex Pairs (Total) info	46 info	72
U.S. Stocks (Shares) info	No	Yes
Global Stocks (Non-U.S. Shares) info	No	Yes
Copy Trading info	Yes	Yes
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) 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	FXCM	BlackBull Markets
Average spread (EUR/USD) - Standard account info	0.9 info	1.16 info
All-in Cost EUR/USD - Active info	0.8 info	0.76 info
Inactivity Fee info	Yes	No
Order execution: Agency info	Yes	No
Order execution: Market Maker info	Yes	Yes

Funding	FXCM	BlackBull Markets
Minimum Deposit info	Starts from $50	$0
PayPal (Deposit/Withdraw) info	Yes	No
Skrill (Deposit/Withdraw) info	Yes	Yes
Bank Wire (Deposit/Withdraw) info	Yes	Yes
Non-wire bank transfer info	Yes	No

Trading Platforms	FXCM	BlackBull Markets
Proprietary Desktop Trading Platform info	Yes	No
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	Yes
MetaTrader 5 (MT5) info	No	Yes
cTrader info	No	Yes

Trading Tools	FXCM	BlackBull Markets
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	115	109
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	FXCM	BlackBull Markets
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	Yes	Yes
Mobile Charting - Indicators / Studies info	59	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	Yes
Mobile Research - Economic Calendar info	Yes	Yes

Research	FXCM	BlackBull Markets
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	No
Autochartist info	No	Yes
Trading Central info	Yes	No
TipRanks info	Yes	No
Client sentiment data info	Yes	Yes
Economic Calendar info	Yes	Yes

Education	FXCM	BlackBull Markets
Webinars info	Yes	Yes
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	Yes

Major Forex Pairs	FXCM	BlackBull Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info	Yes	Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review	FXCM Review	BlackBull Markets Review

Overall	FXCM	BlackBull Markets
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	95	77
Winner	check_circle
Review	FXCM Review	BlackBull Markets Review