Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Xtrade, 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 Xtrade, both accessible online brokers, offer different regulatory
| Feature |
BlackBull Markets
|
Xtrade
|
|---|---|---|
| Year Founded | 2014 | 2003 |
| 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 | 1 |
When comparing the commissions and fees between BlackBull Markets and Xtrade, BlackBull Markets offers a competitive structure with variable costs based on account types. The Prime account, incorporating an average spread of 0.16 for the EUR/USD, results in an all-inclusive cost of 0.76 pips once a $6 per 10,000 traded commission is included. This account is often favored over the commission-free Standard account that has higher spreads despite no minimum deposit. For more active traders, the ECN Institutional account requires a deposit of at least $20,000 with lower commission rates of $4 per round turn. BlackBull Markets stands out with a commendable 4.5-star rating in commissions and fees, securing the 18th rank amongst 63 brokers evaluated by ForexBrokers.com.
In contrast, Xtrade lacks available data on average spreads, which can significantly affect transparency in trading costs. This might contribute to its markedly lower performance in this category, with a 2.5-star rating and 63rd place ranking out of 63 brokers per ForexBrokers.com evaluations. Without clear data on spreads and associated fees, traders with Xtrade might face challenges in assessing real trading costs.
| Feature |
BlackBull Markets
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $0 | $250 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | 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 BlackBull Markets and Xtrade for their range of available investments, BlackBull Markets clearly stands out with an impressive offering. With access to an incredible 26,000 tradeable symbols and 72 forex pairs, BlackBull Markets provides a much larger selection than Xtrade, which offers 482 tradeable symbols and 56 forex pairs. Additionally, BlackBull Markets allows clients to buy exchange-traded securities on both U.S. and international exchanges, unlike Xtrade, which does not offer this option. This broad access allows investors with BlackBull Markets to invest in global giants like Apple and Vodafone directly, enhancing their investment opportunities significantly.
Both platforms provide options for Forex trading as CFDs or spot contracts and offer cryptocurrency derivatives, but neither supports purchasing actual cryptocurrencies. An added benefit of choosing BlackBull Markets is the availability of copy trading, a feature that Xtrade lacks. These attributes contribute to BlackBull Markets receiving a superior rating of 5 stars for its range of investments, ranking 6th out of 63 brokers according to ForexBrokers.com. In contrast, Xtrade earns 3.5 stars and ranks 49th, highlighting BlackBull Markets' stronger position for investors seeking diverse trading opportunities.
| Feature |
BlackBull Markets
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 482 |
| Forex Pairs (Total) | 72 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 it comes to trading platforms and tools, BlackBull Markets and Xtrade provide distinct experiences for their users. BlackBull Markets supports both MetaTrader 4 and MetaTrader 5, allowing traders to access popular tools and functionalities; Xtrade, however, does not support either platform. Both brokers offer web-based trading platforms, but only BlackBull Markets provides a Windows-based desktop platform. For simulation and practice, both brokers offer free demo accounts, which are essential for honing trading skills without financial risk. Notably, Xtrade boasts a proprietary trading platform, refining its service to match customer needs, while BlackBull Markets includes additional features like copy trading and compatibility with ZuluTrade.
Both brokers enable direct trading from stock charts, but differences appear in charting tools and customization. BlackBull Markets provides 60 drawing tools compared to Xtrade's 100, yet BlackBull's offering extends with specialized tools for strategic analysis. When managing watchlists, Xtrade offers more customization with nine columns versus BlackBull's six. Despite these differences, BlackBull Markets earns a slightly higher rating of 4 stars for trading platforms and tools compared to Xtrade's 3.5 stars. Evaluated by ForexBrokers.com, BlackBull Markets also holds a stronger rank, positioned at #29 out of 63 brokers, while Xtrade is placed at #58, highlighting a competence that may attract traders seeking a varied trading toolkit.
| Feature |
BlackBull Markets
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | N/A |
| Charting - Drawing Tools (Total) | 60 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of BlackBull Markets and Xtrade, both platforms cater to iPhone and Android users. However, BlackBull Markets takes a lead in several key features. It offers stock or forex price alerts, and its app syncs watchlists with the client's online account, ensuring all changes are up-to-date across devices. The app provides 30 technical studies for charting, along with capabilities to draw trendlines and view multiple time frames, such as daily, weekly, or intraday charts. These features are accompanied by an auto-save function for chart drawings, offering a seamless and efficient user experience. In contrast, Xtrade lacks these functionalities, potentially limiting the trading experience for users who require these advanced tools.
BlackBull Markets also allows users to create watchlists with real-time quotes, providing a dynamic edge over Xtrade, which does not offer this feature. Despite these differences, both trading apps received a four-star rating for mobile trading. Nevertheless, in a ranking by ForexBrokers.com, BlackBull Markets secured the 31st position out of 63 brokers, while Xtrade was placed at 53rd position, reflecting a noticeable gap in overall app performance and satisfaction. This comparison highlights BlackBull Markets as a preferable choice for users seeking a more comprehensive and synchronized mobile trading experience.
| Feature |
BlackBull Markets
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing BlackBull Markets and Xtrade in terms of market research features, both brokers offer daily market commentary and access to an economic calendar, keeping traders informed of significant global events. However, BlackBull Markets distinguishes itself with its use of Autochartist, providing valuable technical analysis tools that Xtrade lacks. Additionally, BlackBull offers a sentiment-based trading tool, which reveals the proportion of long and short positions in various currency pairs, further aiding traders in their decision-making process. Unfortunately, neither broker provides market research from Trading Central, TipRanks, or Acuity Trading.
Despite the absence of forex news from elite sources such as Bloomberg and Reuters, BlackBull Markets scores higher overall in research offerings, earning a 4-star rating compared to Xtrade's 3.5-star rating. This difference in ratings is reflected in their ForexBrokers.com rankings, where BlackBull Markets is positioned at #18 out of 63 brokers, while Xtrade trails behind at #52. This comparison underscores BlackBull Markets' stronger focus on equipping traders with diverse research tools, making it a more appealing choice for those seeking in-depth market analysis.
| Feature |
BlackBull Markets
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 stands out compared to Xtrade. Both platforms offer a wealth of educational material exceeding ten pieces, including articles and videos focused on forex and CFDs. However, BlackBull Markets offers a more comprehensive experience by providing monthly online educational webinars and an easily accessible archive of past webinars, features that are notably absent from Xtrade. Additionally, BlackBull caters to beginners with over ten educational videos specifically designed to help newcomers understand trading topics, while Xtrade lacks similar offerings. Both platforms do provide an investor dictionary with over 50 terms, which is helpful for beginners trying to familiarize themselves with the trading world.
In terms of advanced educational resources, BlackBull Markets again takes the lead with over ten videos tailored for experienced traders, a resource Xtrade does not provide. The commitment to both beginner and advanced education is reflected in BlackBull Markets' higher education rating of four stars, compared to Xtrade's 3.5 stars. Furthermore, in a ranking of 63 brokers by ForexBrokers.com, BlackBull Markets achieves a respectable 29th place in the education category, while Xtrade lags behind at 46th position. Overall, BlackBull Markets offers a more comprehensive educational suite for traders of all levels, making it a stronger choice for those seeking to enhance their knowledge in trading.
| Feature |
BlackBull Markets
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 Xtrade. BlackBull Markets finished with an overall rank of #24, while Xtrade finished with an overall rank of #60.
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
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Xtrade
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|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 74 |
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Both BlackBull Markets and Xtrade offer the opportunity to buy cryptocurrency derivatives, but neither provides the option to purchase actual delivered cryptocurrencies.
Both BlackBull Markets and Xtrade do not support ACH, SEPA, or PayPal for deposits and withdrawals, but they do offer Skrill, Visa or Mastercard, and bank wire transfer options.
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 | Xtrade | |
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| Trust Score | 78 | 74 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Xtrade Review |
| Broker Screenshots | BlackBull Markets | Xtrade | |
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| Regulation | BlackBull Markets | Xtrade | |
|---|---|---|---|
| Trust Score | 78 | 74 | |
| Year Founded | 2014 | 2003 | |
| 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 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 482 | |
| Forex Pairs (Total) | 72 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $0 | $250 | |
| PayPal (Deposit/Withdraw) | No | 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 | BlackBull Markets | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | 9 | |
| Charting - Indicators / Studies (Total) | 109 | N/A | |
| Charting - Drawing Tools (Total) | 60 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | BlackBull Markets | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | BlackBull Markets | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | BlackBull Markets | Xtrade | |
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| Trust Score | 78 | 74 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Xtrade Review |
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