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BlackBull Markets vs Xtrade 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is BlackBull Markets better than Xtrade? In our analysis of 23 international regulators across 39 of the best forex brokers, BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. Xtrade is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Overall RatingBlackBull MarketsXtradeIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars2.5 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3 Stars5 Stars
Mobile Trading4 Stars3 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score748099
Winnercheck_circle
ReviewBlackBull Markets ReviewIG Review
RegulationBlackBull MarketsXtradeIG
Trust Score748099
Year Founded201420031974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses117
Tier-2 Licenses022
Tier-3 Licenses011
Authorised in European UnionNoNoYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)BlackBull MarketsXtradeIG
ASIC Authorised (Australia)NoYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)YesNoYes
Tier-2 Licenses (Average Trust)BlackBull MarketsXtradeIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoYesYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)BlackBull MarketsXtradeIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoYesNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsBlackBull MarketsXtradeIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)2600014219537
Forex Pairs (Total)7256100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingYesNoYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostBlackBull MarketsXtradeIG
Average Spread EUR/USD - Standard0.827 (August 2022)-10.86 (September 2022)
All-in Cost EUR/USD - Active0.827 (August 2022)-10.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesYesYes
FundingBlackBull MarketsXtradeIG
Minimum Initial Deposit$0$250ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsBlackBull MarketsXtradeIG
Proprietary PlatformNoYesYes
Desktop Platform (Windows)YesNoYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesNoYes
MetaTrader 4 (MT4)YesNoYes
MetaTrader 5 (MT5)YesNoNo
cTraderYesNoNo
DupliTradeNoNoNo
ZuluTradeYesNoNo
Trading ToolsBlackBull MarketsXtradeIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesNoYes
Watchlists - Total Fields7914
Charting - Indicators / Studies (Total)30N/A33
Charting - Drawing Tools (Total)151820
Charting - Trade From ChartYesNoYes
Charts can be savedYesNoYes
Mobile TradingBlackBull MarketsXtradeIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesNoYes
Mobile WatchlistYesNoYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies30N/A33
Mobile Charting - Draw TrendlinesYesNoYes
Mobile Charting - Multiple Time FramesYesNoYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesNoYes
ResearchBlackBull MarketsXtradeIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistYesNoYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarYesYesYes
EducationBlackBull MarketsXtradeIG
Has Education - Forex or CFDsNoYesYes
Client WebinarsNoNoYes
Client Webinars (Archived)YesNoYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsBlackBull MarketsXtradeIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewBlackBull Markets ReviewIG Review
OverallBlackBull MarketsXtradeIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars2.5 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3 Stars5 Stars
Mobile Trading4 Stars3 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score748099
Winnercheck_circle
ReviewBlackBull Markets ReviewIG Review
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BlackBull Markets vs Xtrade Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare BlackBull Markets vs Xtrade.

Does BlackBull Markets or Xtrade 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, IG offers better pricing overall for traders.

Is BlackBull Markets or Xtrade safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both BlackBull Markets and Xtrade hold 1 global Tier-1 licenses. Xtrade holds 2 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, Xtrade earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: BlackBull Markets or Xtrade?

To compare the trading platforms of both BlackBull Markets and Xtrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to Xtrade's 56 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while Xtrade has 142 available CFDs, a difference of 25858.

Can I trust BlackBull Markets?

BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulators (high trust), zero tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-1 regulators: Financial Markets Authority (FMA).

Can I trust Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Is BlackBull Markets good?

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.

Is Xtrade good?

Xtrade offers a proprietary platform and holds an increasing number of regulatory licenses, but with less than 200 available symbols it just can't compete with the best forex brokers.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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