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Comparison Reviews

Comparing XTB and BlackBull Markets

A 2024 Broker Comparison

4.6
VISIT BROKER

Leveraged trading is high risk. Losses can exceed deposits.

4.2
VISIT BROKER

Leveraged trading is high risk. Losses can exceed deposits.

This trading review takes a look at two prominent brokers, XTB and BlackBull Markets, across various dimensions to help traders make an informed decision in 2024. By analyzing their features, account types, trading platforms, assets, customer support, regulatory compliance, and overall fees, we aim to highlight the strengths and weaknesses of each broker.
 

Who are These 2 Brokers?

Let’s start our brokers review by taking a look at XTB which has been empowering traders since 2002, offering superior technology and extensive education. As one of the largest stock exchange-listed FX & CFD brokers globally, it boasts stringent regulation by major authorities and an impressively wide range of tradable assets. With its proprietary trading platform, xStation 5, XTB provides an award-winning trading experience complemented by exceptional customer support.
 
On the other side of the broker table, we have BlackBull Markets. Established in 2014, this broker has quickly emerged as a leading ECN broker in New Zealand, offering a vast selection of over 26,000 tradable instruments. While it operates with a strong commitment to innovation and customer service, its regulatory footprint is narrower compared to XTB, with primary oversight by the Financial Markets Authority (FMA) in New Zealand.
 

Broker Offerings

Advanced Trading Platform
Extensive Educational Resources
Global Regulation
A Wide Range of Assets
Limited Third-Party Tools
VISIT BROKER
Vast Selection of Instruments
ECN Trading Conditions
Multiple Platform Choices Including MT4 and MT5
Single Tier-1 Regulatory License
Limited Account Types
VISIT BROKER

A Look at Account Types

XTB offers a user-friendly Standard Account with competitive spreads, while BlackBull Markets caters to a broader audience with its Standard, ECN Prime, and ECN Institutional accounts, each designed to meet different trader needs.

Free Demo Account

Negative Balance Protection

Swap-Free Islamic Account Available

Free Demo Account

Negative Balance Protection

Swap-Free Islamic Account Available

A Broker Comparison of the Trading Platforms

  XTB BlackBull Markets
Platform xStation 5 MetaTrader 4 & 5, TradingView
Investment Strategies Supported Wide range, including CFDs, forex, and cryptocurrencies Extensive, with over 26,000 instruments including shares, indices, and commodities
Trading App Award-winning mobile app for iOS and Android Mobile apps for MT4 & MT5, compatible with iOS and Android
Leverage Up to 30:1 for retail clients (higher for professional clients) Up to 500:1
Commission Low to none on most trades; variable based on account type $3 per side for ECN Prime account; variable for other accounts
Social Trading Yes, through integration with third-party platforms like ZuluTrade
Listed on a Stock Exchange

A Trading Review of Asset Offerings

In our broker trading review, we found that both XTB and BlackBull Markets offer a wide array of trading instruments, catering to traders looking to diversify their investment strategies across various asset classes. XTB provides its clients with access to over 2,100 tradable instruments, including a wide selection of Forex pairs, indices, commodities, stock CFDs, ETF CFDs, and cryptocurrencies. This diverse range ensures that traders can engage in a wide array of global markets, with the inclusion of ETF CFDs and cryptocurrencies further broadening the scope of investment opportunities available. The platform’s focus on offering a broad spectrum of CFDs alongside traditional forex trading options makes it a versatile choice for traders seeking comprehensive market access with a single broker.
 
On the other hand, BlackBull Markets distinguishes itself with an impressive offering of over 26,000 tradable instruments, highlighting its commitment to providing unparalleled market access. Traders with BlackBull Markets can explore a vast selection of markets, including forex, indices, commodities, share CFDs, and cryptocurrencies. The broker’s extensive range of share CFDs, in particular, offers clients the opportunity to trade on the performance of major companies without the need for direct stock ownership. This expansive selection positions BlackBull Markets as a leading choice for traders aiming to extensively capitalize on global market trends and diversify their trading portfolios. The sheer volume of instruments available with BlackBull Markets underscores its appeal to traders seeking depth and variety in their trading experience.
 

SCORECARD SHOWDOWN: XTB vs BlackBull Markets

Market and Products
4/5
Trading Platform
5/5
Research and Education
5/5
VISIT BROKER
Market and Products
4/5
Trading Platform
4/5
Research and Education
4/5
VISIT BROKER

Who Supports You Best?

XTB and BlackBull Markets both excel in providing quality customer support services, ensuring their clients have access to timely and effective assistance. XTB’s customer support is notable for its award-winning service, available 24/5, offering traders multiple channels for communication, including phone, email, and live chat. What sets XTB apart is its dedication to trader education and support, with a wealth of online resources, webinars, and one-on-one consultations available to help clients navigate the markets and the platform. This approach not only addresses technical and account-related inquiries but also enhances the overall trading experience through educational support.
 
BlackBull Markets, on the other hand, emphasizes personalized service with its client support center manned by a team of skilled professionals. Offering similar contact methods such as email, phone, and live chat, BlackBull Markets stands out for its commitment to providing an advanced and innovative help page that combines all essential contact details and support resources in one place. Additionally, BlackBull offers support options like callbacks and online chat, catering to a global client base across different time zones.
 
While both brokers are committed to delivering exceptional customer service, the difference lies in the breadth of educational content and the personalized approach to trader support, with XTB focusing more on educational enrichment and BlackBull on personalized assistance.
 

Trust and Transparency

CySEC (Cyprus Securities and Exchange Commission)
FCA (Financial Conduct Authority, UK)
KNF (Polish Financial Supervision Authority)
CNMV (National Securities Market Commission, Spain)
FMA (Financial Markets Authority, New Zealand)
FSA (Seychelles Financial Services Authority)
Strict KYC and AML Procedures
READ REVIEW

Leveraged trading is high risk. Losses can exceed deposits.

CySEC (Cyprus Securities and Exchange Commission)
FCA (Financial Conduct Authority, UK)
KNF (Polish Financial Supervision Authority)
Financial Sector Conduct Authority (FSCA)
FMA (Financial Markets Authority, New Zealand)
FSA (Seychelles Financial Services Authority)
Strict KYC and AML Procedures
READ REVIEW

Leveraged trading is high risk. Losses can exceed deposits.

Overall Commissions & Fees Rating

VISIT BROKER

Leveraged trading is high risk. Losses can exceed deposits.

VISIT BROKER

Leveraged trading is high risk. Losses can exceed deposits.

Final Broker Comparison on XTB vs BlackBull Markets

Choosing between XTB and BlackBull Markets depends on individual trading needs and preferences. XTB offers a robust platform, extensive educational resources, and strong regulatory compliance, making it ideal for traders wanting a reliable and supportive broker. BlackBull Markets, with its vast range of tradable instruments and flexible ECN trading environment, is well-suited for experienced traders looking for depth in market access and competitive conditions.
 
Both brokers offer unique advantages, and the decision should be based on factors such as preferred trading instruments, platform choice, educational needs, and regulatory considerations.

Frequently Asked Questions

Is BlackBull a good broker?
Yes, especially for traders looking for a wide range of instruments and ECN trading conditions.
 
Is XTB the best broker?
XTB is highly regarded for its comprehensive services, making it one of the top choices in the industry.
 
Is XTB trading real or fake?
XTB is a legitimate and highly reputable broker, regulated by several top-tier authorities.
 
How much is the commission on BlackBull?
Commissions vary by account type, with competitive rates for ECN accounts.
 
Is BlackBull Markets regulated?
Yes, it is regulated by the FMA in New Zealand and adheres to strict regulatory standards.
 

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21/02/2024 | 10 Min.

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