XBTFX vs BlackBull Markets

XBTFX vs BlackBull Markets Comparison Table 2024
XBTFX BlackBull Markets
2
3.7
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

XBTFX is a fintech broker offering trading opportunities on 200+ instruments via the powerful MT4, MT5 or cTrader terminals. The low minimum deposit, copy trading services and competitive trading fees makes it an appealing brand for traders of all strategy types. The broker has a decent client base of 10,000.

BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts.

Comment by Reviewer
"Based on my assessment, XBTFX is a good choice for active traders looking for tight ECN spreads, low commissions and same-day withdrawals." "BlackBull Markets will suit traders of all experience levels with thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms."
Pros
  • I'm a fan of the transparent ECN pricing model with competitive spreads from 0.01 pips and commissions of $3.50 per lot per side
  • I was glad to see copy trading is available via the MT5 terminal or through the broker's PAMM/MAM accounts
  • I appreciate the low minimum deposit requirement of $10 plus a demo account, making the brand suitable for beginners
  • Standard, ECN and Islamic account types cater to various trading strategies that require different pricing models
  • There are no deposit and withdrawal fees, plus I'm impressed that the broker facilitates same day withdrawal processing
  • CopyTrader, ZuluTrade, HokoCloud and Myfxbook copy trading
  • Commission-free trading with spreads from 0.0 pips
  • Superb range of platforms including TradingView Pro
  • Responsive customer service during testing
  • Excellent educational content for beginners
  • $0 minimum deposit and 0.01 lot trades
  • Huge range of 26,000+ instruments
  • Autochartist plugin
Cons
  • XBTFX is an unregulated broker meaning there are no requirements to comply with financial safeguarding measures for customers
  • I noticed that there is quite limited educational content for beginners available and much of the financial market news is outdated
  • I'm disappointed that the only funding currencies are EUR or cryptos
  • Withdrawal fees with some methods
  • US traders not accepted
Awards
  • Best ECN Broker 2022
  • Deloitte Fast 50 Index 2021
  • Best NZ Forex Broker 2021
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • MT4
  • MT5
  • cTrader
  • MT4
  • MT5
  • cTrader
  • TradingView
  • AutoChartist
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FMA, FSA
Margin Trading
Yes Yes
STP Account
No No
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Android App Rating
3.7
iOS App Rating
3.7
Auto Trading
Yes Yes
Copy Trading
Yes Yes
Copy Trading Platform
Blackbull Markets offers an excellent selection of social and copy trading products on its CopyTrader system, plus HokoCloud, DupliTrade and Myfxbook. Traders can copy trades and strategies in a range of popular financial markets with user-friendly risk management tools.
Social Trading
No Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • ZAR
  • SGD
Stock Exchanges
Commodities
CFD Trading
I found a fairly decent range of 200+ CFDs across 5 asset classes on the MT4, MT5 or cTrader terminals. I particularly like the copy trading solutions, STP execution and the fact that you can get started with just $10. BlackBull Markets CFDs are offered on forex, stocks, indices, commodities and cryptos with tight spreads and high leverage. The ECN accounts offer fast execution and low slippage, and the broker provides traders with plenty of extra tools and features plus 24/7 customer support.
Leverage
1:500 1:500
FTSE Spread
Variable 10.4
GBPUSD Spread
Variable 0.8
Oil Spread
Variable 5.2
Stocks Spread
Variable Variable
Forex Trading
XBTFX offers a large list of 70+ major, minor and exotic currency pairs such as EUR/USD or GBP/JPY. I find spreads very competitive starting from 0.01 pips and leverage up to 1:500 for experienced investors. BlackBull offers 64 forex pairs with very competitive pricing through its ECN accounts, with the standard commission-free spread starting from 0.8 and spreads with commission starting from zero. The broker supports diverse trading platforms including MT4 and MT5, and provides leverage up to 1:500.
GBPUSD Spread
Variable 0.8
EURUSD Spread
Variable 0.2
EURGBP Spread
Variable 0.8
Assets
79 64
Cryptocurrency
There's an excellent range of 70+ cryptocurrency vs USD pairs such as BTC/USD, ETH/USD and XRP/USD with leverage up to 1:25. My tests also found competitive commission fees of 0.075%. BlackBull Markets traders can speculate on 11 cryptocurrencies including Bitcoin, Litecoin and Ethereum with up to 1:5 leverage. The crypto tokens are traded in pairs with USD and the broker offers a transparent pricing schedule.
Spread
Variable Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • BNB
  • BAT
  • DASH
  • EOS
  • ETC
  • IOTA
  • NEO
  • OMG
  • TRX
  • XLM
  • XMR
  • ZEC
  • ADA
  • DOGE
  • SOL
  • DOT
  • LINK
  • MTC
  • UNI
  • ALG
  • FIL
  • MKR
  • BTC
  • ETH
  • BCH
  • LTC
  • XRP
  • DOGE
  • ADA
  • DOT
  • LINK
  • EOS
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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