XM vs BlackBull Markets Broker Comparison

BlackBull vs XM | Broker Comparison

BlackBull Markets vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$5MT4, MT51000+

BlackBull vs XM Comparison

XM has a range of account types including a Micro account which is a cent type account offering small trade sizes. At XM CySEC regulated, XM offers its XM Zero account, which charges commissions and can offer low spreads, like BlackBull on its ECN Prime account.

Both provide MT4, while XM additionally offers MT5. MT5 allows XM to provide a wider range and greater number of CFD markets to trade (1000+ vs 55+). The bulk of XM's offering is Stocks CFDs, which BlackBull does not offer. However as an ECN broker, BlackBull has a competitive number of total markets. On its XM Zero account, XM provides a similar number of markets as BlackBull (55+).

ECN trading conditions

BlackBull has a range of ECN account types, while XM offers at XM CySEC regulated its XM Zero account, which has spreads from 0 plus a commission charge.

Quick comparison

XM has a range of account types and offer a very low minimum deposit. BlackBull is an ECN broker with a higher minimum deposit, especially for its ECN Prime account.

Minimum deposit and account types

The minimum deposit for BlackBull is $200. The minimum deposit for XM 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.
  • XM CySEC regulated offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100. An Islamic account is available for each account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available. The minimum trade size is 0.0001 lots.
  • XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
  • XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.

Markets

  • BlackBull offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.
  • XM offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 1000+ available on MT5. There are 100+ available on MT4, as it does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex and Precious Metal (Gold and Silver), with 55+

BlackBull provides 35+ Forex pairs, XM provides 60+ Forex pairs.

Cryptocurrency CFDs

  • BlackBull offers Bitcoin, Ethereum, Litecoin and Dash.
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Both brokers can offer accounts with spreads from 0 (or 0.1) plus a commission charge and also provide accounts which can have higher spreads without a commission charge, from 0.6 for XM and 0.8 for BlackBull.

Maximum leverage for BlackBull is 500:1. Maximum leverage for XM (CySEC regulated) is . Maximum leverage for XM (ASIC regulated) is 500:1. Maximum leverage for XM Global is 888:1.

Commissions

  • BlackBull charges commission of $3 per lot per side on its ECN Prime account. For its ECN Institutional account, commissions are negotiable.
  • The XM Zero account charges commission of $3.5 per lot per side.

Platforms

Both offer MT4 on desktop and apps. XM also offers MT5.

Why BlackBull or XM ?

BlackBull is for ECN traders who want high speed order execution, no dealing desk trading conditions and a core group of markets focused on Forex. XM is for traders who may want to use an account which charges commissions and can offer low spreads (available at XM CySEC regulated) but also wish to trade on other account types, one of which is a cent account. XM has a very low minimum deposit for its accounts ($5), except for its XM Zero account which has a minimum deposit of $100. While BlackBull has a minimum deposit of $200, to trade on its ECN Prime account it requires a minimum deposit of $2000. XM is regulated by the FCA in the United Kingdom, the CySEC in Cyrpus and the ASIC in Australia.

Comparison summary

  • BlackBull can offers a range of ECN accounts
  • XM provides a cent account
  • XM offers many more markets on MT5, but a comparable number on MT4
  • XM has a very low minimum deposit of $5
  • XM has a higher minimum deposit of $100 for its XM Zero account
  • BlackBull has a minimum deposit of $200 for its ECN Standard account
  • BlackBull has a minimum deposit of $2000 for its ECN Prime account
  • XM is regulated by the the ASIC, the CySEC and the IFSC
  • Both offer MT4, XM also provides MT5

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