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 | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of XTB and BlackBull Markets, both brokers offer competitive pricing, though they cater to slightly different trader preferences. XTB provides two primary account types: the spread-only Standard account and a Commission-based Professional account, though the latter is becoming less accessible. The average spread for the widely traded EUR/USD pair in XTB's Standard account is 1 pip, which aligns with industry averages. XTB’s Standard account is a cost-effective choice for retail forex traders, boasting a minimum deposit of 250 base currency and offering spread rebates for active traders. XTB is highly rated, receiving 4.5 out of 5 stars and ranked 11th out of 63 brokers by ForexBrokers.com in the Commissions and Fees category.
BlackBull Markets offers three distinct account options, with varying fees linked to each. Their Standard account offers commission-free trading with no deposit minimum but higher spreads. The Prime account is noted for its competitive spreads, boasting an average spread of 0.16 for EUR/USD, but requires a $2,000 minimum deposit and incurs a commission of $6 per lot round turn. Active traders with substantial deposits can consider their ECN Institutional account, which demands a $20,000 minimum deposit but provides a lower commission rate of $4 per lot round turn. BlackBull Markets matches XTB in terms of star ratings, earning 4.5 out of 5 stars. However, it ranks 18th out of 63 in ForexBrokers.com's Commissions and Fees category.
In conclusion, both brokers offer attractive options depending on your trading style and volume. XTB is well-suited for retail traders with its straightforward Standard account and rebate programs for active trading, while BlackBull Markets' Prime account is optimal for traders preferring tighter spreads with higher funds to invest. Both brokers maintain competitive ratings, but XTB nudges slightly ahead in ranks within the Commissions and Fees category, emphasizing its cost-effectiveness for frequent traders.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | 0.71 |
| All-in Cost EUR/USD - Active | 1.00 | 0.71 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment offerings of XTB and BlackBull Markets, both platforms provide a comprehensive array of options for traders. XTB features 7,184 tradeable symbols and access to 71 forex pairs, allowing traders a broad spectrum of choices. In comparison, BlackBull Markets stands out with a staggering 26,000 tradeable symbols and 72 forex pairs, offering an even wider selection. Both brokers facilitate forex trading through CFDs or spot contracts and feature exchange-traded securities on U.S. and international exchanges, making it easy for investors to buy shares like Apple and Vodafone. Despite these similarities, BlackBull Markets offers the advantage of copy trading, a feature not available with XTB. Neither platform provides the ability to purchase actual cryptocurrencies, but both support trading in cryptocurrency derivatives.
In terms of ratings, both XTB and BlackBull Markets have received an impressive 5-star rating for their investment range. However, their rankings differ slightly: XTB is ranked 14th for Range of Investments by ForexBrokers.com, while BlackBull Markets is placed higher at 6th. These differences highlight BlackBull Markets as a superior option for those seeking a broader array of tradeable assets and copy trading capabilities, though both brokers provide robust platforms for serious investors.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 26000 |
| Forex Pairs (Total) | 71 | 72 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | 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 the trading platforms and tools of XTB with those of BlackBull Markets, both brokers offer valuable features catering to diverse trading needs. XTB provides a proprietary platform that works seamlessly across desktop and web-based systems, while BlackBull Markets lacks a proprietary offering but supports popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both brokers support simulated trading through free virtual demo accounts. However, XTB does not support copy trading or popular third-party platforms like ZuluTrade, which are available at BlackBull Markets. Furthermore, XTB stands out with a higher number of columns for watch lists, offering eight compared to BlackBull Markets' six, although BlackBull shines with 60 drawing tools for charting, surpassing XTB's 32. Both brokers support trading directly from stock charts.
In terms of ratings, XTB edges out BlackBull Markets with a 4.5-star rating for Trading Platforms and Tools, while BlackBull Markets holds a solid 4-star rating. This slight advantage is reflected in their rankings on ForexBrokers.com, where XTB is ranked 9th out of 63 brokers, compared to BlackBull Markets, which is 29th. These rankings and ratings highlight XTB's user-friendly offerings and comprehensive trading functionality, making it a top choice for traders looking for well-rounded tools. Meanwhile, BlackBull Markets remains an attractive option for those prioritizing extensive charting capabilities and access to MetaTrader platforms.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 39 | 109 |
| Charting - Drawing Tools (Total) | 32 | 60 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of XTB and BlackBull Markets, both platforms offer apps for iPhone and Android users, providing essential tools like stock and forex price alerts. However, XTB excels in offering 39 technical studies for charting, surpassing BlackBull Markets' 30 studies. While both allow drawing trendlines and viewing multiple time frames on charts, XTB stands out with an auto-save feature for drawings, ensuring users' annotations are preserved for future reference. Both brokers allow the creation of watchlists with real-time quotes, aiding traders in staying updated with market movements.
In terms of keeping watchlists synchronized across devices, BlackBull Markets has an edge, allowing seamless syncing between mobile apps and online accounts, a feature XTB lacks. User ratings highlight this distinction, with XTB receiving 4.5 stars for its mobile trading app, reflecting a stronger overall user experience compared to BlackBull Markets' 4-star rating. According to ForexBrokers.com rankings, XTB holds the 8th position out of 63 brokers for mobile trading apps, showcasing its competitive advantage over BlackBull Markets, which ranks 31st. These factors make XTB a preferred choice for traders seeking more comprehensive app features and higher user satisfaction.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 39 | 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.
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| 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 comparing XTB and BlackBull Markets for their educational resources aimed at beginners, both brokers offer a strong selection of materials. XTB excels with a wide range of educational content, including over ten pieces focused on forex and CFDs, a monthly schedule of online client webinars, and a searchable archive of past webinars. This makes it easier for beginners to learn at their own pace. Additionally, XTB provides extensive video content tailored to both beginners and experienced traders. Despite its strengths, XTB lacks an investor dictionary, which is something that BlackBull Markets offers with definitions for over 50 investing terms.
BlackBull Markets is also committed to educating its clients, offering a similar suite of educational materials, including webinars and video content designed to help traders of all levels. However, in an educational ranking by ForexBrokers.com, XTB holds the #11 spot out of 63 brokers, with an impressive five-star rating in education, while BlackBull Markets ranks #29 with a four-star rating. This difference highlights XTB's slightly stronger offerings in this area, even though both brokers provide valuable resources for those new to trading.
| Feature |
XTB
|
BlackBull Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | No | 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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Both XTB and BlackBull Markets do not offer the ability to buy actual delivered cryptocurrencies, but they do provide options to purchase cryptocurrency derivatives.
While both XTB and BlackBull Markets support Skrill, Visa, Mastercard, and bank wire transactions for fund deposits and withdrawals, XTB uniquely includes PayPal, whereas neither offers ACH or SEPA transfers.
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 | 0 | 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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 26000 | |
| Forex Pairs (Total) | 71 | 72 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | 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 | XTB | BlackBull Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 0.71 | |
| All-in Cost EUR/USD - Active | 1.00 | 0.71 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XTB | BlackBull Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | XTB | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 6 | |
| Charting - Indicators / Studies (Total) | 39 | 109 | |
| Charting - Drawing Tools (Total) | 32 | 60 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 39 | 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 | XTB | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XTB | BlackBull Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XTB | BlackBull Markets | |
|---|---|---|---|
| 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 | 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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