BlackBull Markets vs FXTM: Which One Is Best?

2. Better Trading Platform – BlackBull Markets

BlackBull Markets and FXTM are both strong contenders in the forex trading space, offering robust platforms and tools. BlackBull markets shine with its inclusion of cTrader and TradingView, while FXTM focuses on simplicity and accessibility. both brokers support MetaTrader 4 and 5, ensuring compatibility with industry-standard platforms. Copy trading is available on both, catering to traders who prefer social or automated strategies.

We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.

Metatrader

Both BlackBull Markets and FXTM offer MetaTrader 4 and 5, ensuring traders have access to the industry’s most popular platforms. These tools are favored for their powerful charting capabilities, customizability, and automated trading through Expert Advisors (EAs). MetaTrader 5 supports more advanced features, such as additional timeframes and extended market analysis. With compatibility across Windows, MacOS, iOS, and Android, traders can stay connected from any device. Whether you’re a novice or professional, the reliability and versatility of these platforms remain unmatched, solidifying their status as essential trading tools.

Advanced Platforms

BlackBull Markets leaps ahead by incorporating cTrader and Trading View into its offerings, alongside a proprietary platform. cTrader provides sophisticated charting, intuitive design, and a platform for algorithmic trading. TradingView adds another layer of functionality, popular for social sharing and its seamless integration of advanced indicators. FXTM, while robust with hits MetaTrader options, does not feature cTrader or TradingView, focusing instead on simplicity for beginners. This breadth of advanced options allows BlackBull Markets to cater to tech-savvy traders who demand versatility in platform selection.

Copy Trading

Copy trading simplifies forex trading by enabling users to replicate the strategies of successful traders. Blalckbull Markets excels in this area with a suite of tools like ZuloTrade, Myfxbook, and their dedicated BlackBull Social app, promoting transparency and flexibility. FXTM counters with FXTM Invest, which integrates seamlessly with MetaTrader signals for effective copy trading. Both brokers support social trading, appealing to users who prefer hands-off investing or learning through observation. These features ensure both platforms empower traders to leverage the expertise of seasoned professionals, maximising profitability and minimising steep learning curves.

Both brokers excel in platform offering, making it a tie in this segment. BlackBull Markets appeals to advanced traders with its diverse platform options, while FXTM caters to beginners with its straightforward tools. Both brokers enhance the trading experience through fast execution speeds and reliable platforms, ensuring traders can monitor costs and maximise profits effectively.

Our Better Trading Platform Verdict

It’s neck to neck for both BlackBull Markets and FXTM in this niche, thanks to their better trading platform.

BlackBull Markets ReviewVisit BlackBull Markets

3. Superior Accounts And Features – FXTM

BlackBull Markets and FXTM bring strong competition to the forex trading table, each excelling in unique ways. BlackBull Markets empahises professional features like the ECN Prime account with razor-thin spreads starting at 0.0 pips, though it requires a hefty $2000 deposit. FXTM caters to broader audiences with options like the Micro account for beginners and the Advantage Plus account for seasoned traders. Both brokers incorporated MetaTrader 4 and 5 to provide stable, industry-favorite trading platforms. With their specified focuses, these brokers target different trader needs effectively.

For traders looking for advanced tools, BlalckBull Markets leads with features like ZuluTrade, Myfxbook, and its proprietary BlackBull social app for enhanced strategy execution and social trading. FXTM delivers its social trading solution, FXTM Invest, paired with MetaTrader signals, The low commission rates at $0.80 for high-volume FXTM traders make it attractive for cost-conscious participants. However, BlackBull Markets shines with its sophisticated offerings for professional and algorithmic traders, including automated trading and diverse platform integration. These varied features ensure both brokers are instrumental in improving trading opportunities for different skill levels.

FXTM edges forward in accessibility and versatility, catering to beginners and experienced traders through its diverse account types and competitive commission structures. BlackBull Markets, on the other hand, dominates the professional trading sphere with its comprehensive tools and ultra-low spreads. Both brokers make a significant impact in the forex industry, offering unique strengths that ensure traders find a platform suited to their goals and expertise. whether simplicity or sophistication is key, these brokers deliver.

Our Superior Accounts and Features Verdict

FXTM dominates in this segment thanks to superior accounts and features.

FXTM ReviewVisit FXTM

*Your capital is at risk ‘77% of retail CFD accounts lose money’

4. Best Trading Experience And Ease – BlackBull Markets

BlackBull Markets and FXTM bring their unique strengths to the forex trading world, each offering uncompetitive features and platforms. BlackBull Markets shines with exceptionally fast execution speeds, averaging 72ms for limit orders, ranking first globally. FXTM caters to traders of all levels with an intuitive, user-friendly platform and diverse account options. While both brokers provide a seamless experience, BlackBull Markets’ superior speed and leverage options set it apart in key areas.

BlackBull Markets leads the pack with its advanced automation and robust social trading tools like Myfxbook and ZuluTrade. Its high leverage provides flexibility for seasoned traders. Meanwhile, FXTM impresses with its versatility, offering both beginners and experienced traders tailored account types, such as the Micro and Adavante Plus accounts. With execution speeds averaging 248ms for limit orders, FXTM lags behind BlackBull Markets’ efficiency but compensates with a smooth, intuitive platform. Both brokers ensure traders have the tools needed for success, but BlackBull Markets’ faster execution speeds may appeal more to professionals seeking precise performance.

We have tested both BlackBull Markets and FXTM to see which one offers the best user experience. Here’s what we found:

• BlackBull Markets shines with its fast execution, often touted as one of the fastest in the industry.
• They also offer the highest leverage, giving traders more flexibility in their positions.
• On the automation front, BlackBull Markets stands out with its robust social trading options, including Myfxbook and ZuluTrade.
• FXTM, while not lagging far behind, doesn’t quite match up to BlackBull’s offerings in these areas.

BlackBull Markets takes the edge in providing the best trading experience, owing to its lightning-fast execution speeds and high leverage. FXTM,  however, remains a strong contender with its accessible platforms and account versatility. Both brokers excel in delivering ease of use and robust features, making them valuable options in the forex industry. The choice comes down to whether traders prioritise speed and leverage of user-friendly accessibility.

Our Best Trading Experience and Ease Verdict

BlackBull Markets dominates this level because of its best trading experience and ease.

BlackBull Markets ReviewVisit BlackBull Markets

5. Stronger Trust And Regulation – FXTM

BlackBull Markets and FXTMM are well-established forex brokers, but they differ in trust and regulatory standards. FXTM holds a stronger edge with its regulation under Tier 1 authorities like FCS (UK) and CySEC (Cyprus0, while BlackBull Markets is regulated by the Tier 1 FMA (New Zealand). Additionally, FXTM offers negative balance protection, further enhancing trader confidence. BlackBull Markets, though respectable, lags slightly in this area due to limited Tier 1 regulatory coverage and no negative balance protection.

We see here that FXTM has a higher trust score compared to BlackBull Markets. But let us not rely on just trust score and regulation, let’s see how they both fare in their other features and platforms.

FXTM Trust Score

Trust Score

0

regulation

0

reputation

0

reviews

0

BlackBull Markets Trust Score

Trust Score

0

regulation

0

reputation

0

reviews

0

FXTM’s strong reputation stems from its regulatory compliance with stringent Tier 1 bodies, making it a safe choice for traders in regions like the UK and Europe. Its leverage offerings range up to 1:2000 for traders outside restricted regions, appealing to risk-tolerant individuals. BlackBull Markets, regulated by FMS, provides a reliable framework but lacks negative balance protection and caps leverage at 1:500. FXTM’s trust score of 60 outshines BlackBull Markets’ score of 50, reflecting its superior credibility. Both brokers, however, remain committed to safeguarding clients through well-established regulatory practices.

Unfortunately, if you are located in the United States, neither broker accepts residents from this region.

FXTM emerges as the leader in trust and regulation, backed by its extensive Tier 1 licenses and protective measures like negative balance protection. BlackBull Markets is a solid alternative,  offering commendable services but falling short in certain regulatory areas. These brokers serve the forex industry well, ensuring traders have access to secure trading environments while catering to diverse regional needs and risk profiles.

Our Stronger Trust and Regulation Verdict

FXTM ranks highest in this segment this is due to their stronger trust and regulation.

FXTM ReviewVisit FXTM

*Your capital is at risk ‘77% of retail CFD accounts lose money’

6. Top Product Range And CFD Markets – BlackBull Markets

When it comes to product range and CFD markets, BlackBull Markets and FXTM each offer impressive selections. BlackBull Markets pulls ahead with its wide variety, including 72 forex pairs, 2000+ share CFDs, and 16 cryptocurrencies. FXTM competes closely with 58 forex pairs and 1120 share CFDs but lacks cryptocurrencies and ETFs. Both brokers provide commodities and indices, though BlackBull Markets’ broader market offerings position it as the leader.

BlackBull Markets offers unmatched diversity with innovative features like 2000+ shared CFDs and 22 futures options. Crypto traders benefit significantly from BlackBull Markets’ 16 cryptocurrency CFDs, compared to FXTM’s absence in this area. FXTM provides a solid, user-friendly approach, especially for forex pairs and indices, but its limited product range restricts advanced trading opportunities. BlackBull Markets’ inclusion of ETFs, investments, and a dedicated share-trading app adds significant value for well-rounded traders. The flexibility and variety available through BlackBull Markets make it an all-encompassing platform for those seeking diverse market options.

BlackBull Markets takes the lead with its broader product range and advanced trading options, appealing to traders who seek variety and depth. FXTM remains competitive for forex trading and indices but lacks the expansive features BlackBull Markets offers. Both brokers provide efficient services, yet BlackBull Markets’ focus on a comprehensive trading ecosystem makes it the preferred choice in this segment. These brokers highlight the diversity available in the forex trading industry, servicing traders of different expertise levels.

Our Top Product Range and CFD Markets Verdict

BlackBull Markets dominates this spot because of its top product range and CFD markets.

BlackBull Markets ReviewVisit BlackBull Markets

7. Superior Educational Resources – FXTM

BlackBull Markets and FXTM both prioritise trader education, offering a variety of resources to enhance learning. BlackBull Markets provides webinars,  video tutorials, and market analysis tailored for traders of all levels. FXTM, on the other hand, excels with its FXTM Academy, eBooks, webinars, and seminars. Unique features like FXTM’s “Forex News Timeline” and “Forex Glossary” further enrich its educational offerings, making it a standout choice for continuous learning.

It is vital to educate. Both BlackBull Markets and FXTM understand this and have invested in providing top-notch educational resources for traders. Let’s look into what each broker offers:

• BlackBull Markets provides a comprehensive educational suite, including webinars, video tutorials, and market analysis.
• Their resources are tailored to cater to traders of all levels, ensuring everyone gets the knowledge they need.
• FXTM boasts an impressive range of educational tools, from eBooks to webinars and seminars.
• They offer a dedicated educational portal, FXTM Academy, which is a treasure trove of knowledge.
• FXTM’s ‘Forex News Timeline’ is a unique feature, providing traders with real-time news updates.
• Their ‘Forex Glossary’ is also a standout, helping traders get acquainted with industry jargon.

BlackBull Markets ensures accessibility with its comprehensive educational suite, focusing on practical tools like market analysis and video tutorials. FXTM takes it a step further with its dedicated FXTM Academy, a hub for in-depth learning. The inclusion of real-time updates through the “Forex News Timeline” and a glossary for industry terms m  makes FXTM’s resources more dynamic and user-friendly. Both brokers aim to empower traders, but FXTM’s diverse and interactive approach gives it an edge in fostering a deeper understanding of forex trading.

While both brokers excel in providing educational resources, FXTM leads with its innovative and diverse offerings. Its focus on real-time updates and interactive learning tools make it a preferred choice for t readers eager to expand their knowledge. BlackBull Markets remains a strong contender, offering reliable and practical resources. These brokers highlight the importance of education in achieving trading success.

Both have put significant effort into their educational offerings. Depth and breadth of resources will differentiate the two, though.

Our Superior Educational Resources Verdict

FXTM takes the cake in this niche, thanks to their superior educational resources.

FXTM ReviewVisit FXTM

*Your capital is at risk ‘77% of retail CFD accounts lose money’

8. Superior Customer Service – FXTM

BlackBull Markets and FXTM both deliver high-quality customer support, emphasizing reliability and accessibility. BlackBull Markets offers commendable response times and multiple communication channels, ensuring traders feel supported. FXTM, however, stands out with its global presence, multilingual capabilities, and 24/7 availability, making it an excellent choice for traders across diverse regions.

BlackBull Markets ensures smooth communication with its 24/6 support through live chat, email, and phone. The support quality consistently meets high standards, especially for prompt issue resolution. FXTM takes a more globally inclusive approach by providing multilingual support and 24/7 availability, addressing traders’ needs at any time. Its trained team is equipped to handle a wide range of queries, offering solutions efficiently. This makes FXTM particularly appealing to international traders, enhancing their trust and satisfaction with the platform.

Here’s a table comparing the key customer service features of each broker:

While BlackBull Markets excels in p providing reliable and consistent customer service, FXTM emerges as the leader due to its 24/7 availability and extensive global reach. Both brokers prioritise effective communication and solutions, ensuring seamless customer experiences. Ultimately, FXTM’s broader accessibility and multilingual support give it a distinct edge in customer service excellence.

Our Superior Customer Service Verdict

FXTM outperforms in this segment on the account of their superior customer service.

FXTM ReviewVisit FXTM

*Your capital is at risk ‘77% of retail CFD accounts lose money’

9. Better Funding Options – BlackBull Markets

In forex trading, funding options are integral to a seamless user experience, and both BlackBull Markets and FXTM offer reliable solutions. BlackBull markets lead the pack with diverse funding m methods like Skrill, Bitcoin, and Fasapay, providing flexibility to suit global traders’ needs. FXTM, while offering essential channels like Paypal and Neteller, falls slightly short in variety. Both brokers ensure accessibility with standard methods like bank wire, credit cards, and local bank transfers.

BlackBull Markets delivers unmatched funding versatility with innovative options such as Bitcoin and Fasapay, catering to tech-savvy traders. This extensive variety ensures that traders worldwide can find a suitable method. FXTM provides convenience with well-known channels like PayPal and Neteller, prioritising ease for users familiar with these systems. Both brokers strive to accommodate global clientele, but BlackBull Markets’ broader selection grants traders the freedom to choose methods aligning with individual preferences, making it an exceptional pick for diverse funding needs.

BlackBull Markets shines in this segment with its wide range of funding options, offering flexibility and inclusivity for traders around the globe. FXTM remains a strong alternative for traders preferring mainstream methods like PayPal. Clearly, these brokers emphasise the importance of providing adaptable funding solutions, enabling traders to focus on their strategies rather than transaction hurdles. BlackBull Market’s commitment to variety secures its edge in better funding options.

Our Better Funding Options Verdict

BlackBull Markets reigns supreme in this niche in light of their better funding options.

BlackBull Markets ReviewVisit BlackBull Markets

10. Lower Minimum Deposit – BlackBull Markets

When it comes to minimum deposit requirements, BlackBull Markets has the edge with an impressive $0 minimum deposit for its ECN Standard account. FXTM follows with a $10 minimum deposit, making it budget-friendly but slightly higher than its competitor. Both Brokers provide account types catering to various trader profiles, ensuring flexibility and accessibility for diverse trading needs.

BlackBull Markets stands out as an excellent choice for new traders, eliminating financial barriers with no minimum deposit for bank-wired transfers. Its recommended $500 deposit remains optional, making it highly flexible. FXTM counters with its Micro account, requiring only $10 to start, which is appealing to budget-conscious traders. However, FXTM’s deposit consistency across payment methods like PayPal and Skrill ensures convenience. Both brokers create opportunities for novice and experienced traders alike but differ in their approach to catering to entry-level budgets.

BlackBull Markets has a lower minimum deposit of $0 compared to FXTM’s $10 requirement. Both BlackBull Markets and FXTM offer various account types to suit different trader requirements.

BlackBull Markets

FXTM

BlackBull markets take the lead in this segment with its zero-deposit advantage,  making it ideal for beginners testing the waters. FXTM, while slightly less competitive on the minimum deposit front, remains accessible and provides a robust alternative for budget-conscious traders. Together, they showcase thoughtful features that cater to different financial capacities in the forex trading landscape.

Our Lower Minimum Deposit Verdict

BlackBull Markets emerges victorious in this category as a consequence of their lower minimum deposit.

BlackBull Markets ReviewVisit BlackBull Markets

So Is FXTM or BlackBull Markets The Best Broker?

FXTM takes the top spot here due to its consistent performance in multiple categories, with comprehensive trading experience and superior educational resources, customer service, and competitive spreads and fees. The table below summarises the key information leading to this verdict:

FXTM: Best For Beginner Traders

FXTM offers a more beginner-friendly environment with its comprehensive educational resources, best for starters in the trading business.

BlackBull Markets: Best For Experienced Traders

BlackBull Markets is the preferable choice for seasoned trader, due to its higher leverage and a diverse range of tradable instruments. Thanks to their advanced features and wider product range.