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 online brokers XTB and BlackBull Markets, one can easily note their differences in trust ratings and regulatory compliance. XTB, founded in 2002, stands out with a Trust Score of 96, placing it in the "highly trusted" category as per ForexBrokers.com. XTB also holds two Tier-1 licenses and two Tier-2 licenses, further solidifying its credibility. This company is publicly traded, adding another layer of transparency for investors.
Established in 2014, BlackBull Markets holds a Trust Score of 78, which positions it in the "average risk" category. It possesses one Tier-1 license and lacks Tier-2 licenses, highlighting a more limited regulatory footprint. Unlike XTB, BlackBull Markets is not publicly traded, which might be a consideration for those emphasizing transparency and regulatory oversight in their brokerage choice. Neither company operates as a bank, keeping their operations focused purely on online trading.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 2002 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 2 | 1 |
Comparing commissions and fees, both XTB and BlackBull Markets earn 4.5 out of 5 stars. In ForexBrokers.com’s Commissions and Fees rankings, XTB places #12 out of 63 brokers, while BlackBull ranks #19 out of 63. Pricing for both is around the industry average, and the better fit depends on your account choice, deposit size, and monthly trading volume.
XTB offers a spread-only Standard account for retail traders and a commission-based Professional account reserved for elective professionals in the U.K. and Europe (the Pro option is being phased out and is mostly for legacy clients). Based on Q4 2023 data, the average EUR/USD spread on the Standard account was 1.0 pip, with a 250 minimum deposit in your base currency. Active traders can join XTB’s Lower Spread Group to receive 5%–30% spread rebates once they reach monthly volume tiers (from 20 lots up to 1,000), helping trim costs, though overall pricing still trails the very cheapest providers.
BlackBull Markets has three account types. The Standard account is commission-free with no minimum deposit but features higher spreads. The Prime account requires a $2,000 minimum and charges $3 per side ($6 round turn) with tighter pricing—its March 2024 average EUR/USD spread was 0.16 pip, for an all-in cost of about 0.76 pips. The ECN Institutional account targets active traders depositing at least $20,000, with $2 per side commissions. For traders who can meet the deposit, the Prime account is typically the most cost-effective option.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 1.00 | 0.71 |
| All-in Cost EUR/USD - Active | 1.00 | 0.71 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XTB vs. BlackBull Markets: both brokers cover forex (available as CFDs or spot) and offer a broad mix of markets. XTB lists 7,184 tradeable symbols with 71 forex pairs, while BlackBull Markets lists about 26,000 symbols and 72 forex pairs. If sheer market count matters, BlackBull has the edge; if you just need a large selection, XTB still delivers plenty of choice.
Each broker lets you buy exchange-traded stocks on U.S. and international exchanges (not CFDs). For social features, BlackBull supports copy trading, while XTB does not. Neither broker offers delivered crypto, but both provide cryptocurrency CFDs. Both earn 5 out of 5 stars for Range of Investments from ForexBrokers.com; however, BlackBull ranks higher (#6 of 63) compared with XTB (#15 of 63), reflecting its bigger symbol list and copy-trading option.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 26000 |
| Forex Pairs (Total) | 71 | 72 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Comparing XTB vs BlackBull Markets for trading platforms and tools: both brokers provide free demo (paper) accounts, Windows desktop software, web-based platforms, and the ability to place trades directly from charts. XTB stands out for offering its own in-house platform, earning 4.5 stars and a #9 ranking out of 63 brokers for Trading Platforms and Tools. BlackBull Markets is rated 4 stars and ranks #31 in the same category.
If you want MetaTrader support or copy trading, BlackBull Markets offers both MT4 and MT5 along with copy trading features. If you prefer a broker-built platform and higher third-party ratings in this category, XTB is the pick—though it does not offer MT4, MT5, or copy trading.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 39 | 109 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XTB and BlackBull Markets offer mobile trading apps for iPhone and Android, with price alerts available on each. Charting is strong on both platforms: you can draw trendlines and your drawings auto-save. XTB stands out with 39 technical studies compared to BlackBull’s 30. One key difference is watchlists—BlackBull syncs watchlists between mobile and your online account, while XTB does not.
In overall quality, XTB earns a higher 4.5-star mobile app rating and ranks #8 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com. BlackBull Markets holds a 4-star rating and ranks #33. Pick XTB if you want more built-in indicators and a higher-rated app, or choose BlackBull if seamless watchlist syncing across devices is a must-have.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 39 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both XTB and BlackBull Markets provide daily market commentary, keeping traders informed about daily trends and insights. However, when it comes to forex news sourced from prestigious outlets like Bloomberg and Reuters, XTB stands out by offering access, whereas BlackBull Markets does not include news from these top-tier providers. In terms of analytical tools, BlackBull Markets gains an edge by integrating Autochartist for technical and fundamental analysis tools, a service not provided by XTB. Both brokers host sentiment-based trading tools to help understand market positions, and each includes an economic calendar to track global news events. Yet, neither offers research through TipRanks or Acuity Trading tools.
XTB achieves a higher research rating with five stars compared to BlackBull Markets’ four stars. As per ForexBrokers.com rankings, XTB holds a more impressive position at number 7 out of 63 brokers, exemplifying its solid research capabilities. On the other hand, BlackBull Markets ranks 18th in the same category, indicating its competence, though not as highly rated as XTB. For traders prioritizing market research features, XTB offers a slightly more comprehensive package, especially through its inclusion of forex news from top-tier sources.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both XTB and BlackBull Markets give beginners plenty of ways to learn. Each broker provides forex and CFD education with at least 10 pieces of content, including articles and videos. They both run monthly educational webinars and offer at least 10 video lessons for beginners along with 10+ advanced videos for when you’re ready to go deeper.
Where they differ is in quality scores. XTB holds a 5-star Education rating and is ranked #11 out of 63 brokers by ForexBrokers.com, while BlackBull Markets earns 4 stars and ranks #29. In short, both are solid choices for new traders, but XTB has the edge if you want a higher-rated learning experience from day one.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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
|
BlackBull Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 78 |
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Comparing XTB vs BlackBull Markets for crypto trading: neither broker supports buying actual (delivered) cryptocurrencies, but both offer cryptocurrency CFDs.
Comparing online broker XTB to BlackBull Markets: both support bank wire transfers and Skrill but not ACH/SEPA, while only XTB accepts 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 | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| 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) | 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | XTB | BlackBull Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| 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. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.00 | 0.71 | |
| All-in Cost EUR/USD - Active | 1.00 | 0.71 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XTB | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | XTB | BlackBull Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | XTB | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 39 | 109 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 39 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XTB | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XTB | BlackBull Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | XTB | BlackBull Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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