XM vs BlackBull Markets Broker Comparison

BlackBull vs XM | Broker Comparison

BlackBull Markets vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT460+
$5MT4, MT5700+

BlackBull vs XM Comparison

Both are STP no dealing desk brokers. XM has a range of account types including a Micro account which is a cent type account offering small trade sizes. XM also offers an STP/ECN account, the XM Zero account. BlackBull is an ECN broker and providers 'true ECN' trading offering ECN trading infrastructure 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 (700+ 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 has a similar number of markets as BlackBull (55+).

ECN trading conditions

XM like BlackBull is an STP broker. XM offers an STP/ECN account called the XM Zero account. BlackBull also provides an STP account, the ECN Standard account but also offers 'true ECN' trading on its ECN Prime account.

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 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.
  • XM's Micro account allows smaller trade sizes than Standard account and XM Zero accounts, which allow larger trade sizes. An Islamic account is available for each of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. XM offers a free VPS for clients who have a minimum balance of $5000 in their account, T&Cs apply. The smallest trade size is 0.001 lots. XM also provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

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 700+ 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 1 for XM and 0.8 for BlackBull.

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

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 STP/ECN account but also wish to trade on STP accounts, 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 'true ECN' 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

  • Both are STP NDD Brokers
  • BlackBull can offer a 'true ECN' account
  • 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 FCA, the ASIC and the CySEC
  • Both offer MT4, XM also provides MT5

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