FXTM vs BlackBull Markets - Fees Review included
Which broker is better FXTM or BlackBull Markets? Our expert assessment conducted according to TU’s own methodology showed that FXTM is one of the top brokers in the financial market with the TU Overall Score of 5.9 out of 10. BlackBull Markets is one of the top brokers in the financial market with the TU Overall Score of 5.36 out of 10. Find out more about TU Overall Score.
| Feature | FXTM | BlackBull Markets |
|---|---|---|
Overall |
4.5 |
3.2 |
4.9 |
4 |
|
4.7 |
3.8 |
|
4.5 |
4 |
|
Investment Instruments |
4.2 |
1.7 |
Platforms and Charting Tools |
4.3 |
4.1 |
Deposit and Withdrawal |
4.6 |
3.7 |
Research |
4.5 |
2.6 |
Education |
4.6 |
3.8 |
Support |
4.4 |
3 |
Bonuses |
2.9 |
1.6 |
|
|
|
FXTM vs BlackBull Markets: Pros and Cons
Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial Sector Supervision Authority), UK FCA (Financial Conduct Authority), and FSC (Mauritius Financial Supervisory Commission). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).
BlackBull Markets was founded with the goal of becoming the leading online Financial Technology and Foreign Exchange broker. BlackBull Markets is a true ECN, No Dealing Desk brokerage specializing in Forex, CFDs, Commodities, Fibre Optic Communications and Fintech solutions for a global clientele.
| FXTM | BlackBull Markets | |
|---|---|---|
| Overall Pros | Direct US stock trading with zero fees | Over 24000 trading assets |
| Stock baskets | 3 ECN accounts | |
| 3 types of ECN accounts | Well-regulated broker | |
| Low fees and near zero spreads | ||
| Well regulated forex broker | ||
| FXTM invest copy trading platform | ||
| Trading signals and trading calculators tools | ||
| Overall Cons | Lack of cryptocurrency | Only one account currency |
| Small choice of investing programs |
FXTM vs BlackBull Markets: Safety and Regulation
| Regulated By: | FXTM | BlackBull Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
ForexTime is registered with the UK Financial Conduct Authority (FCA) under the number 600475 and is regulated by the CySEC of Cyprus (under number 185/12) and the South African FSCA (number 46614). The broker is also regulated by the Financial Services Commission of the Republic of Mauritius, FSC (number C113012295). |
FMA |
FXTM vs BlackBull Markets: Trading Conditions
| Trading Conditions | FXTM | BlackBull Markets |
|---|---|---|
Minimum Deposit |
$50 |
$200 |
Trading Platforms |
MT4, MT5 |
MT4, МТ5, Webtrader, Mobile platforms |
Max Leverage (Futures) |
1-2000 (not for all markets) |
1-500 |
Supported Markets |
Forex, Stocks, CFDs on stocks, indexes, Commodities, Metals |
Forex, Index CFDs, Commodities, Precious Metals, Energy |
Trading assets |
1000+ |
24000+ |
Trading Accounts |
Standard, Cent, Stocks, Stock CFDs, ECN , ECN Zero, FXTM pro |
ECN Standard, ECN Prime, ECN Institutional |
Base Account Currencies |
USD, EUR, GBP, NGN |
USD |
FXTM vs BlackBull Markets: Fees
Forex Trading Fees
| Fee | FXTM | BlackBull Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
1.5 pips |
0.824 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2 per lot |
$0 |
ECN Account EUR Average Spread |
0.1 pips |
0.1 pips |
CFD Trading Fees
| Fee | FXTM | BlackBull Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | FXTM | BlackBull Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank 30 EUR, Card - 3 USD / 2 EUR / 2 GBP, FacaPay - 0.5% |
0.05 |
Inactivity Fee |
$5 per month after 6 months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FXTM vs BlackBull Markets: Trading Assets
| Asset Name | FXTM | BlackBull Markets |
|---|---|---|
Overall |
1000+ |
24000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
FXTM or BlackBull Markets: Investment Programs
| Asset Name | FXTM | BlackBull Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
Yes |
No |
Other |
No |
No |
Trading Platforms: BlackBull Markets or FXTM
| FXTM | BlackBull Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FXTM invest |
No |
Others |
No |
No |
|
|
|
FXTM vs BlackBull Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | FXTM | BlackBull Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
FXTM vs BlackBull Markets: Research
| Research Type | FXTM | BlackBull Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
FXTM vs BlackBull Markets: Education
| Education Type | FXTM | BlackBull Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
BlackBull Markets vs FXTM: Support
| Support Features | FXTM | BlackBull Markets |
|---|---|---|
Working Days |
24/5 |
24/6 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
callback, Telegram, Messenger Facebook, WhatsApp, |
No |
FXTM vs BlackBull Markets: Forex Bonuses and Promo
| Promo | FXTM | BlackBull Markets |
|---|---|---|
Forex Bonus |
cashback of up to $5 |
No |
Affiliate Program |
Refer a friend. For each new invited client, the partner receives $50 |
If you refer a new client to BlackBull Markets, who funds and trades on their account, we will deposit up to US$250 into both you and your friend’s trading accounts as a thank you bonus. |
Other Promos |
||
|
|
|
Top 5 Reviews on BlackBull Markets
-
Comment
I started cooperating with BlackBull Markets in November of last year. Initially, I traded on a demo account, testing the broker and my trading strategy. After successful testing, I opened a real account with BlackBull Markets. So far, I can't say anything negative about the broker. Trades are executed quickly, although the platform can sometimes freeze for 10-15 minutes. But such situations are rare.
-
Comment
Blackbull Markets has not passed my own check. I deposited funds to test the broker, traded a little, and found serious issues. I have a lot of experience and obvious problems with opening orders and operation of the platform are clear to me. Then I did a simple check — I opened a trade on another platform and opened a trade on Blackbull Markets. The difference in quotes was greater, although the trade and the asset were the same. I do not recommend Blackbull Markets.
-
Comment
I started trading with BlackBull Markets and everything seemed fine, but when I increased my lots, the platform started randomly logging me out. Several times, when I expected significant profits, they closed my positions at a loss, explaining that the position was too large, although I still had enough margin. I no longer recommend trading with BlackBull Markets and advise caution.
-
Comment
I do not recommend dealing with Blackbull and its traders. They strive to take all the money from the client’s account and use all possible methods and techniques to do this. I myself received less profit because I trusted an inexperienced trader recommended by this company. As a result, after three months my account was reset and there was only $50 left of $1,000. Therefore, I advise you not to deal with Blackbull.
-
Comment
This looks very much like fraud! I registered my account just a month ago and transferred $5000 to BlackBull. Now, I can't log in to my account; they are blocking me by IP. I've contacted BlackBull's customer support, but no one is responding. It's disheartening if this platform turns out to be fraudulent.
Top 5 Reviews on FXTM
-
Comment
I noticed a great difference between trading on a demo account and a live one with FXTM. There were no requotes or significant slippages on the demo account, which created the illusion of simple trading. However, when switching to a live account on the FXTM platform, some technical problems arose that made successful trading difficult. Apparently, real conditions require a more attentive and cautious approach to trading.
-
Comment
One day I decided to try my hand at trading with FXTM. However, they don't seem to be very interested in new traders. Managers from FXTM did not even want to help me complete the verification procedure to withdraw funds. In the end, I earned some money, provided them with the necessary documents, but they still blocked my user account when I submitted a withdrawal request. They refused to even discuss it and treated me rudely. FXTM managers are simply disrespectful.
-
Comment
I decided not to trade with FXTM. I won’t deny it, I limited myself to only testing a demo account with this company. It turned out that the order execution speed is very low, so orders are opened at unprofitable prices, and it is impossible to conduct a normal market analysis. I think I'm not the only one who encountered such problems at FXTM.
-
Comment
FXTM is creating problems when traders execute successful trades. At first glance, they give traders the opportunity to work and even withdraw small amounts of profit. However, as soon as profitable operations begin, difficulties occur. Withdrawing funds becomes problematic as support begins to suspect its clients of “dubious trades”. I don't recommend FXTM.
-
Comment
FXTM is a dishonest broker! I don’t even want to recall how I was deceived here! The support assured that everything was transparent and there was no manipulation. Then why does the price always, before closing an order, suddenly go against me? And it would be okay if it were on several trades! But this happens all the time! FXTM just completely took my deposit!
- Quotex vs FXTM
- Deriv vs FXTM
- IC Markets vs FXTM
- FXTM vs FXChoice
- FXTM vs Vantage
- FXTM vs FXCC
- FXTM vs Tradeview
- FXTM vs Trading 212
- FXTM vs WorldForex (WForex)
- FXTM vs NAGA
- FXTM vs ETX Capital
- FXTM vs FXOpen
- FXTM vs City Index
- FXTM vs Swissquote
- FXTM vs IG
- FXTM vs Dukascopy
- FXTM vs LiteForex
- FXTM vs WelTrade
- FXTM vs eToro
- FXTM vs CMC Markets
- FXTM vs FP Markets
- FXTM vs OctaFX
- FXTM vs HotForex
- FXTM vs TD Ameritrade
- FXTM vs FBS
- FXTM vs Pepperstone
- FXTM vs Fusion Markets
- FXTM vs XTB
- FXTM vs Interactive Brokers
- FXTM vs AvaTrade
- FXTM vs Forex.com
- FXTM vs Libertex
- FXTM vs XM
- FXTM vs InstaForex
- FXTM vs IC Markets
- FXTM vs Exness
- Oanda vs FXTM
- Tickmill vs FXTM
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.