BlackBull Markets
FXCM
Our Rating
95
77
66% of retail investor accounts lose money when trading CFDs with this provider

Regulations and Licenses

Feature
BlackBull Markets
FXCM
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
CIRO / IIROC (Canada)
FMA (New Zealand)
FSA (Seychelles)
Other Regulators

Brokerage

Feature
BlackBull Markets
FXCM
EUR/USD Avg. Raw Spread
0.14
0.30
GBP/USD Avg. Raw Spread
0.43
0.90
AUD/USD Avg. Raw Spread
0.30
0.40
EUR/USD Standard Spread
1.10
1.3
EUR/USD Fixed Spreads
GBP/USD Avg. Standard Spread
1.40
1.8
AUD/USD Avg. Standard Spread
1.20
0.7
Commissions (USD Base)
$3.00
$4.00
Minimum Deposit
$0
$50
Swap Free Account
No Inactivity Fees
Funding Methods
4+
8+
No Funding Fees

Markets and Instruments

Feature
BlackBull Markets
FXCM
Currency Pairs
72
42
Cryptocurrency CFDs*
9
7
Index CFDs
10
16
Share CFDs
26000+
219
Commodities CFD
21+
11
Stockbroking
23,000+
Retail Max Leverage (Australia)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
-
200:1
Retail Max. Leverage (United Kingdom)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
-
200:1
Retail Max. Leverage (Europe)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
-
200:1
Retail Max. Leverage (Canada)
-
Major Pairs: 50:1
Minor Pairs: 33:1
Retail Max. Leverage (New Zealand)
-
Balance:
0-50k 400:1
50k+ 200:1
Retail Max. Leverage (With offshore regulators)
500:1
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
BlackBull Markets
FXCM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

BlackBull Markets
FXCM
Our Rating
95
77
 

Our full comparison covers the 10 most important trading factors. Here are five noticeable differences between BlackBull Markets and FXCM:

  • BlackBull Markets offers more forex pairs (64).
  • Both brokers support MetaTrader 4.
  • FXCM provides additional trading platforms.
  • BlackBull Markets is based in New Zealand and was founded in 2014.
  • FXCM was founded in New York City in 1999.
  • BlackBull Markets claims to be a ‘True ECN’ broker.
  • FXCM uses ‘Enhanced Order Execution’.
  • BlackBull Markets requires no deposit for the ECN Standard account.
  • FXCM has a minimum deposit of $50 for the Standard account.