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 it comes to comparing the commissions and fees between BlackBull Markets and FXGT.com, BlackBull Markets stands out with its more favorable ratings and detailed structure. BlackBull Markets offers three account types, each with its own cost implications. The Prime account is preferred by many traders due to its competitive all-in trading cost of 0.76 pips for the EUR/USD pair, after considering a 0.3 pip per-side commission or $6 per 10,000 traded. For those who opt for a commission-free trading experience, the Standard account is available without a minimum deposit, though it carries higher spreads.
Conversely, FXGT.com does not provide specific average spread data, making it challenging for traders to assess their potential costs upfront. While BlackBull Markets is rated 4.5 stars out of five for commissions and fees, FXGT.com scores a lower 3.5 stars. This further underscores BlackBull Markets' favorable position in terms of cost efficiency for traders. Additionally, BlackBull Markets is ranked #18 out of 63 brokers for commissions and fees according to ForexBrokers.com, while FXGT.com trails at #56, indicating a more competitive edge for BlackBull Markets.
For more exclusive trading options, BlackBull Markets also offers the ECN Institutional account, tailored for traders with deposits of at least $20,000. This account features commission rates of $2 per side or $4 per round turn, appealing to active traders seeking reduced transaction costs. In comparison, FXGT.com lacks transparency in its fee structure, which may deter some traders who prioritize clarity and predictability in trading expenses.
| 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 and FXGT.com, BlackBull Markets stands out with an extensive range of 26,000 tradeable symbols, offering investors an impressive array of options. In contrast, FXGT.com provides access to 117 symbols. Forex enthusiasts will find 72 forex pairs available at BlackBull Markets, slightly more than the 53 offered by FXGT.com. Both brokers facilitate trading in forex as CFDs or spot contracts, yet BlackBull Markets also enables clients to invest in exchange-traded securities on U.S. and international exchanges, a feature unavailable with FXGT.com.
Both platforms offer copy trading and support cryptocurrency derivatives but do not allow for the purchase of actual cryptocurrencies. In terms of investment range, BlackBull Markets is highly rated with a five-star score and a commendable 6th place among 63 brokers according to ForexBrokers.com. FXGT.com, with a three-star rating, is placed much lower, ranking 61st. Overall, BlackBull Markets presents a more extensive spectrum of investment opportunities compared to FXGT.com, catering to a wider range of investor needs.
| 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 BlackBull Markets and FXGT.com, both online brokers provide a range of trading platforms and tools that cater to various trading needs. Both brokers offer free virtual demo accounts, giving users the chance to practice trading without any financial risks. Additionally, neither BlackBull Markets nor FXGT.com offer proprietary platforms but they do provide access to popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Trading can be conducted on Windows-based desktop platforms as well as through web-based browser platforms offered by both brokers. They also support copy trading, although only BlackBull Markets offers ZuluTrade. Charting capabilities differ, with BlackBull Markets offering a wider selection of drawing tools with 60 options compared to FXGT.com's 23, while both brokers provide the ability to trade directly from stock charts.
Both platforms receive a 4-star rating for their trading platforms and tools, reflecting a well-rounded set of features that should satisfy most traders. However, when ranked by ForexBrokers.com, there is a noticeable difference in their standings; BlackBull Markets holds the 29th position out of 63 brokers, highlighting a stronger market position relative to FXGT.com, which ranks 56th. In terms of watch list customization, BlackBull Markets offers six column fields, providing slightly more flexibility than FXGT.com, which offers five. These subtle distinctions indicate that while both brokers provide similar services, BlackBull Markets may offer slight advantages that could sway traders looking for specific features.
| 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.
When choosing between BlackBull Markets and FXGT.com for mobile trading, both platforms provide comprehensive apps available for iPhone and Android devices. Users of both apps can receive stock or forex price alerts and enjoy the convenience of watchlist symbol syncing, ensuring seamless updates between the mobile app and online accounts. The apps also support the creation of watchlists with real-time quotes, which is ideal for keeping track of important trades. For chart analysis, both BlackBull Markets and FXGT.com offer 30 technical studies, the ability to draw trendlines, and multiple time frames for in-depth analysis. Importantly, any drawings made on charts are automatically saved in both apps, ensuring no loss of valuable analysis.
However, when it comes to ratings and rankings, BlackBull Markets holds a slight edge. With a rating of 4 stars, it is ranked 31st out of 63 brokers for mobile trading apps on ForexBrokers.com, while FXGT.com is rated 3.5 stars and ranked 58th in the same category. Whether you're tracking real-time quotes or performing in-depth technical analysis, both apps offer a reliable trading experience, although BlackBull Markets may appeal slightly more due to its higher user rating and better ranking.
| 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 it comes to market research offerings, BlackBull Markets and FXGT.com present different strengths for traders. BlackBull Markets provides a daily market commentary that keeps traders informed with up-to-date insights. Although neither platform offers forex news from top-tier sources like Bloomberg or Reuters, BlackBull Markets steps ahead with the aid of Autochartist tools for technical analysis, which FXGT.com does not offer. Both brokers equip traders with a sentiment-based trading tool to gauge market positioning and also include an economic calendar for tracking global news events, ensuring traders are aware of important economic developments.
Despite sharing some similarities, BlackBull Markets earns a stronger reputation for research, gaining a four-star rating and securing the 18th spot out of 63 brokers according to ForexBrokers.com. In contrast, FXGT.com holds a three-star rating, landing at the 56th position in the same category. All in all, while each broker delivers valuable features, BlackBull Markets appears to offer a more comprehensive research experience for traders seeking focused analytical tools and daily commentary.
| 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 it comes to educational resources for beginners, BlackBull Markets clearly outshines FXGT.com. BlackBull Markets is dedicated to providing an array of learning materials, offering more than 10 educational pieces such as articles, videos, and archived webinars focused on forex and CFDs. They also conduct monthly educational webinars and maintain a searchable archive of past webinars. For those new to trading, BlackBull Markets offers a comprehensive set of beginner educational videos. For more experienced traders, they also provide at least 10 advanced educational videos. An investor dictionary with definitions of over 50 investing terms is also available to help traders understand complex financial jargon.
In contrast, FXGT.com lags in nearly every aspect of educational support for the trading community. While FXGT.com does provide an investor dictionary similar to BlackBull Markets, they fall short by not offering the same level of diverse educational content. FXGT.com does not meet the threshold of having a minimum of 10 educational pieces dedicated to forex and CFDs. They also don't host monthly webinars, nor do they have a searchable archive of past webinars. Additionally, there is a lack of beginner and advanced video content tailored for traders at different stages of their trading journey. This disparity is reflected in the ratings and rankings, where BlackBull Markets earns a solid 4-star rating and a commendable 29th place in education by ForexBrokers.com, overshadowing FXGT.com's 3-star rating and 60th position.
| 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 63 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 #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.
| Feature |
BlackBull Markets
|
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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