FXTM vs BlackBull Markets | Fees, Features, Safety & More in 2024

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Ryan Hardy sitting before his forex trading desk
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FXTM and BlackBull Markets are online Forex and CFD brokers that offer trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. FXTM is regulated by one tier-1 jurisdictions, one tier-2 jurisdictions, and two tier-4 jurisdictions including FSC (Mauritius), CySEC , FSA-S, FSCA. On the other hand, BlackBull Markets is regulated in two tier-1 jurisdictions, and one tier-4 jurisdictions including FMA, FSA -S, and FSPR. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare and contrast FXTM with BlackBull Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if FXTM is better than BlackBull Markets and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

FXTM vs BlackBull Markets: In a Nutshell

FXTM

ForexTime (FXTM) was founded in 2011. The broker facilitates the trading of over 1,000 forex, CFDs, and real US stocks on its MT4, MT5, and FXTM trader platforms. FXTM states that it has over 1 million clients from over 150 countries and has won over 45 industry awards for excellent services.

FXTM Overview
  • Founded In: 2011
  • Minimum Deposit: $10
  • Maximum Leverage: 1:2000
  • Regulations: FSC (Mauritius)
  • Trading platform:MT4, MT5 and Mobile Trading
  • Account Types: Micro, Advantage, Advantage Plus
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alfa-Click, Bitcoin, CASHU, Dash, DixiPay, DusuPay, Ether/Ethereum, FasaPay, Globe Pay, Konnexone, Litecoin, Local Bank Transfers, Maestro, Neteller, Ngan Luong, PerfectMoney, Qiwi, Skrill, VLoad, Yandex Money
  • US Traders: Not Accept

BlackBull Markets

Michael Walker and Selwyn Loekman founded BlackBull in 2014 in Auckland, New Zealand. BlackBull enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Social trading is through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided.

Blackbull Markets Overview

Blackbull Markets  Overview
  • Founded In: 2014
  • Founder: Michael Walker and Selwyn Loekman
  • Trading Instruments: 26000+ trading instruments including Forex, Equities, Commodities (Energies, agriculture, and Metals), Futures, Indices
  • Minimum Deposit: between $0 and $20,000 ( $0 for Standard, $2000 for Prime, $20,000 for Institutional Accounts) 
  • Maximum Leverage: upto 1:500
  • Regulations: FMA ,FSA
  • Trading platform: MT4,MT5, Ctrader, Tradingview
  • Trading Tools: Trading Tools: VPS, Zulutrade, Myfxbook,  Calculators,
  • Trading Fees: starting from 0.8 pips spreads for Standard account, 0.1 pips spread+$4 per lot for Price account, Spreads 0.0 + $4 per lot for Institutional Account.  
  • Account Types: Standard, Prime, Institutional
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Cryptocurrency, FasaPay, Neteller, Skrill, UnionPay
  • US Traders: Not Accepted

FXTM vs BlackBull Markets: Pros and Cons

FXTM

Pros
  • FXTM is regulated, and licensed by top-tier regulators (FCA (UK), CySEC, FSC, FSCA) 
  • Minimum deposit is $10
  • The Maximum leverage is as high as 1:2000
  • Ultra-low spreads starting from as low as 0 pips 
  • Offers Copy Trading & MAM Accounts
  • A wide range of trading instruments 
  • Negative balance protection for EU Clients 
  • Over 30 Payment Methods 
Cons
  • Inactivity and withdrawal fees
  • Does not support Myfxbook or ZuluTrader options for social trading
  • No futures or options trading
  • No negative balance protection for Non-EU Clients 
  • Most withdrawal options have a fee
  • Large spread on standard Account 

BlackBull Markets

Pros
  • Regulated by  FMA, FSPR, FSP, FSA-S
  • Founded in New Zealand and operating globally
  • Professional and Retail Trading options 
  • No Minimum Deposit Requirement ($0) 
  • The Maximum Leverage is as  high as 1:500
  • Allow Scalping, News Trading, EA/Robot Trading 
  • Offers Multiple Trading platforms including MT4, MT5, WebTrader, TradingView
  • Supports multiple third-party copy trading platforms, such as ZuluTrade, Duplitrade, and Myfxbook.
Cons
  • BlackBull lacks additional Tier-1 regulatory licenses outside of New Zealand.
  • $2,000 minimum deposit for Prime Account
  • The Ctrader platform is not offered 
  • Withdrawal fees 
  • Limited Research Tools 
  • Not very diverse range of tradable assets

FXTM vs BlackBull Markets: Side-by-Side Comparison

FXTM
BlackBull Markets
Product
Founded In
Founded In
2011
2014
Founded By
Founded By
Andre Dashin
Michael Walker and Selwyn Loekman
Headquarters
Headquarters
Limassol, Cyprus
Auckland, New Zealand
Regulations
Regulations
FSC (Mauritius), CySEC, FSCA, FSP, FCA
FMA , FSA
Min Deposit
Min Deposit
$10
None
Max Leverage
Max Leverage
2000:1
1:500
Tradable Assets
Tradable Assets
Currencies, Stocks, Indices and Commodities
Forex ,Share, CFDs and Commodities
Fees
Fees
Spread from 0.0 pips , 0.4¢ - $2 COMMISSIONS ON FX AND CFDS
Spread from 0.8 pips, commissions $6/round lot
Platforms and Tools
Platforms and Tools
MT4, MT5 and Mobile Trading
MT4,MT5, Ctrader ,Tradingview
US Traders
US Traders
Not Allowed
Not Allowed

FXTM Vs BlackBull Markets: Our Scores and Ratings

We rated both brokers, FXTM and BlackBull Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

FXTM :

8.6
Total Score
Regulation and Security (40%)9.4
Fees and Commissions (20%)8
Trading (15%)7.8
Trading tools (10%)7
Customer Support (10%)9
Trading Education (5%)9

BlackBull Markets

8.2
Total Score
Regulation and Security (40%)8.4
Fees and Commissions (20%)8
Trading (15%)8.8
Trading tools (10%)5
Customer Support (10%)9.5
Trading Education (5%)9

Final Verdict :

FXTM and BlackBull Markets are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for FXTM is $10, whereas the minimum deposit for BlackBull Markets is $0. Additionally, the maximum leverage for the FXTM is 2000:1. On the other hand, the maximum leverage for BlackBull Markets is 500:1. 

Our score for FXTM is 8.6, and for BlackBull Markets, it is 8.2 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose FXTM. However, If you prefer a forex broker with a lower minimum deposit and offering a similar trading service to FXTM, you may choose BlackBull Markets.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Fact Checked by
Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
Edited by

Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

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