Is BlackBull Markets better than FXCM? In our analysis of 23 international regulators across 50 brokers, BlackBull Markets is considered average-risk, with an overall Trust Score of 70 out of 99. FXCM is considered low-risk, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.
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FXCM vs BlackBull Markets 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | FXCM | BlackBull Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 93 | 70 |
| FXCM Review | BlackBull Markets Review | |
| Between 70% of retail CFD accounts lose money |
Regulation
| Feature | FXCM | BlackBull Markets |
| Trust Score | 93 | 70 |
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Year Founded |
1999 | 2014 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
No | No |
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Tier-1 Licenses |
3 | 0 |
|
Tier-2 Licenses |
3 | 1 |
|
Tier-3 Licenses |
0 | 0 |
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Authorised in the European Union |
Yes | No |
Tier-1 Licenses (High Trust)
| Feature | FXCM | BlackBull Markets |
|
ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
Yes | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
No | No |
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FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | No |
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CFTC Registered (USA) |
No | No |
Tier-2 Licenses (Average Trust)
| Feature | FXCM | BlackBull Markets |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
Yes | No |
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CBI Authorised (Ireland) |
No | No |
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ISA Authorised (Israel) |
Yes | No |
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FMA Authorised (New Zealand) |
No | Yes |
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CBR Authorised (Russia) |
No | No |
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FSCA Authorised (South Africa) |
Yes | No |
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SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | FXCM | BlackBull Markets |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
Investments
| Feature | FXCM | BlackBull Markets |
|
Forex Trading |
Yes | Yes |
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CFD Trading |
Yes | Yes |
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Tradeable Symbols (Total) |
276 | 281 |
|
Forex Pairs (Total) |
42 | 30 |
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US Stock Trading (Non CFD) |
Yes | No |
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Int'l Stock Trading (Non CFD) |
Yes | No |
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Cryptocurrency (Physical) |
No | No |
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Cryptocurrency (CFD) |
Yes | No |
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Social Trading / Copy-Trading |
Yes | Yes |
Cost
| Feature | FXCM | BlackBull Markets |
|
Average Spread EUR/USD - Standard |
1.4 (Q2 2020) | 0.76 |
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All-in Cost EUR/USD - Active |
1.1 (Q2 2020) | 0.76 |
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Active Trader or VIP Discounts |
Yes | Yes |
|
Execution: Agency Broker |
Yes | No |
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Execution: Market Maker |
Yes | Yes |
Funding
| Feature | FXCM | BlackBull Markets |
|
Minimum Deposit |
Starts from $50 | $200 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
No | No |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | FXCM | BlackBull Markets |
|
Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | No |
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cTrader |
No | No |
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DupliTrade |
No | No |
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ZuluTrade |
Yes | No |
Trading Tools
| Feature | FXCM | BlackBull Markets |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
12 | MetaTrader (Default) |
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Charting - Indicators / Studies (Total) |
57 | MetaTrader (Default) |
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Charting - Drawing Tools (Total) |
26 | MetaTrader (Default) |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | No |
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Order Type - Trailing Stop |
Yes | No |
Mobile Trading
| Feature | FXCM | BlackBull Markets |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
59 | MetaTrader (Default) |
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Charting - Draw Trendlines |
Yes | Yes |
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Charting - Trendlines Moveable |
Yes | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Forex Calendar |
Yes | Yes |
Research
| Feature | FXCM | BlackBull Markets |
|
Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | No |
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Weekly Webinars |
Yes | No |
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Autochartist |
Yes | No |
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Trading Central (Recognia) |
Yes | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | Yes |
Education
| Feature | FXCM | BlackBull Markets |
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Has Education - Forex or CFDs |
Yes | No |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
Yes | Yes |
Major Forex Pairs
| Feature | FXCM | BlackBull Markets |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | FXCM | BlackBull Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 93 | 70 |
| FXCM Review | BlackBull Markets Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare BlackBull Markets vs FXCM.
Does BlackBull Markets or FXCM offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, BlackBull Markets offers better pricing overall for traders.
Is BlackBull Markets or FXCM safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. FXCM holds 3 global Tier-1 licenses, while BlackBull Markets holds 0. FXCM holds 3 global Tier-2 licenses, while BlackBull Markets holds 1. In our analysis of 23 international regulators across 50 brokers, FXCM earned a higher Trust Score than BlackBull Markets.
Which trading platform is better: BlackBull Markets or FXCM?
To compare the trading platforms of both BlackBull Markets and FXCM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXCM offers a better experience. With research, FXCM offers superior market research. Finally, we found FXCM to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. BlackBull Markets and FXCM both offer copy trading. Both BlackBull Markets and FXCM offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
FXCM provides traders 42 currency pairs (e.g., EUR/USD) compared to BlackBull Markets's 30 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 281 CFDs while FXCM has 276 available CFDs, a difference of 5.
Can I trust BlackBull Markets?
BlackBull Markets is not publicly traded and does not operate a bank. BlackBull Markets is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-2 regulators: New Zealand Financial Markets Authority (FMA).
Can I trust FXCM?
FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).
Is BlackBull Markets good?
With just MetaTrader 4 available alongside a handful of social copy trading platforms, BlackBull Markets offers a limited product range and struggles to compete with industry-leading forex brokers
Is FXCM good?
While the range of tradeable markets is narrow and pricing is just average, traders that appreciate robust trading tools alongside quality market research will find FXCM to be a winner.
Overall winner: FXCM
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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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