BlackBull vs FXTM - Online Brokerage Comparison

BlackBull vs FXTM | Compare Trading Brokers

BlackBull Markets vs FXTM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$5MT4, MT5250+

BlackBull and FXTM Comparison

Both brokers offer MetaTrader 4 (MT4). FXTM also provides MetaTrader 5 (MT5). MT4 and MT5 each support the use of online trading robots, which execute trading strategies on behalf of the trader.

These brokers each have a similar number of markets, except when FXTM's Shares account is considered. The number of Shares CFDs on this account makes for greater number of markets overall at FXTM.

BlackBull is an ECN broker and offers a range of ECN trading accounts. FXTM does provide ECN accounts, but also offers other account types, including a Cent account. A Cent account allows the trader to to trade with trade sizes smaller than micro lots and thus potentially with a smaller account size. FXTM's Cent account has a very low minimum deposit.

Quick comparison

These are each MT4 brokers while FXTM also offers MT5, allowing the use of Expert Advisors (EAs). BlackBull is an ECN broker, while FXTM has a range of account types including ECN.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for FXTM is $5.

  • BlackBull offers an ECN Standard account with a minimum deposit of $200 and an ECN Prime account with a minimum deposit of $2000. It has an Islamic account for each of these account types. BlackBull also offers an ECN Institutional account with a minimum deposit of $20,000. The minimum trade size is 0.01 lots. BlackBull offers an FX Academy and Market Analysis on its site.
  • BlackBull's ECN Standard account does not have a commission charge, thus can offer higher spreads compared with its other accounts which charge commissions.
  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. The accounts all use MT4. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.

Markets

  • BlackBull offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.
  • FXTM can offer slightly different numbers of CFD instruments for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account offers Forex, Indices, Energy and Precious Metals.
  • For the non-ECN accounts, FXTM can offer more CFD instruments on the Standard account, with 75+ covering Forex, Energy, Indices and Precious Metals. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs. The total is 250+ across all accounts.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and DASH.

Spreads and leverage

  • BlackBull and FXTM can offer low Forex spreads plus a commission charge. BlackBull can additionally offer Forex spreads from 0.8 without a commission charge while FXTM can additionally offer Forex spreads from 1.3 without a commission charge.

Maximum leverage for BlackBull is 500:1. Maximum leverage for FXTM (FCA or CySEC regulated) is .

Commission charge

  • BlackBull does not charge a commission on its ECN Standard account and charges commission of $3 per lot per side on its ECN Prime account. For its ECN Institutional account, commissions are negotiable.
  • FXTM charges a commission starting at $2 per lot per side ($4 per lot round trip), depending on the equity in the account and the volume traded. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.

Platforms

Both provide MT4. FXTM additionally offers MT5.

Why BlackBull or FXTM ?

Trader wishing to use MT4 and trade with automated trading strategies can use either broker, as can traders who execute their own trades. FXTM also offers the successor to MT4, MT5. Both provide ECN accounts. FXTM has a range of other account types, including Cent, which allows the trader to trade with small trade sizes. FXTM has a very low minimum deposit for its Cent account. However BlackBull is an ECN broker and has a competitive minimum deposit requirement compared with other ECN brokers.

Comparison summary

  • Both offer CFD trading
  • Each has MT4
  • FXTM also offers MT5
  • FXTM has more markets overall as it offers a Shares CFD account
  • BlackBull is an ECN broker, though FXTM has a range of ECN accounts

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