BlackBull Markets
FXTM
BlackBull Markets vs FXTM
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
BlackBull Markets and FXTM are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. BlackBull Markets, founded in 2014 and headquartered in Auckland, New Zealand, is regulated by FMA, FSA and offers spreads starting from 0.0 pips with a minimum deposit of $0. FXTM, established in 2011 in Limassol, Cyprus, holds licenses from CySEC, FCA, FSA with spreads from 0.0 pips and a $10 minimum deposit. In our hands-on testing across 8 scoring categories, BlackBull Markets scored 8/10 overall compared to FXTM's 8/10, making it the stronger pick for most traders. That said, FXTM holds its own with stronger regulation and superior education resources, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
BlackBull Markets scores 8/10 overall vs 8/10 for FXTM — a 0.0-point difference.
- 💵
BlackBull Markets requires just $0 to start, while FXTM needs $10 — BlackBull Markets is 10x more accessible.
- 🛡️
FXTM holds Tier 1 regulation (CySEC, FCA, FSA) offering stronger investor protection than BlackBull Markets's Tier 3 status.
- 📈
BlackBull Markets offers 26,000+ instruments vs 600+ at FXTM — a massive gap in market coverage.
- 🖥️
BlackBull Markets runs on MT4, MT5, TradingView, cTrader, while FXTM uses MT4, MT5, FXTM Trader App — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: FXTM scores 9.0 vs 7.5 for BlackBull Markets — a 1.5-point difference.
Our Verdict
BlackBull Markets
Score: 8.0/10 · Wins 5 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Responsive customer support matters to you
- You want access to a wider range of instruments
FXTM
Score: 8.0/10 · Wins 2 categories- You're a beginner who values learning resources
- Top-tier regulation and fund safety are your priority
- You prefer FXTM's trading environment overall
BlackBull Markets takes the lead with an overall score of 8/10 compared to 8/10, winning in 5 out of 8 scoring categories. BlackBull Markets stands out for lower trading costs and better trading platforms, while FXTM fights back with stronger regulation and superior education resources.
Detailed Verdict
After testing both brokers with real accounts, BlackBull Markets comes out ahead with a 8/10 overall rating, winning 5 out of 8 categories. Its strongest area is Trading Costs where it scores 8.5/10. BlackBull Markets holds Tier 3 regulation, though traders should verify the specific entity and jurisdiction covering their account. FXTM is not without merit — it scores 8/10 overall and excels in Regulation & Trust (9.0/10), winning 2 categories. Traders who value stronger regulation or superior education resources may find FXTM the better fit. For a complete breakdown, read our full BlackBull Markets review and FXTM review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
BlackBull Markets wins by 0.5 points
BlackBull Markets wins by 1.0 points
FXTM wins by 1.5 points
FXTM wins by 1.5 points
BlackBull Markets wins by 0.5 points
BlackBull Markets wins by 0.5 points
BlackBull Markets wins by 1.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.0/10 ✓ | 8.0/10 ✓ |
| Min Deposit Lower is better | $0 ✓ | $10 |
| Max Leverage | 1:500 | 1:2000 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, TradingView, cTrader | MT4, MT5, FXTM Trader App |
| Regulation | FMA, FSA | CySEC, FCA, FSA |
| Founded Older track record highlighted | 2014 | 2011 ✓ |
| Markets | 26,000+ ✓ | 600+ |
Fees & Costs
When it comes to trading costs, BlackBull Markets has the edge with a score of 8.5/10 versus 8/10 for FXTM. BlackBull Markets offers spreads starting from 0.0 pips, while FXTM starts from 0.0 pips. The minimum deposit at BlackBull Markets is $0, compared to $10 at FXTM. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
BlackBull Markets scores 8.5/10 for platforms compared to 7.5/10 for FXTM. BlackBull Markets provides MT4, MT5, TradingView, cTrader, while FXTM offers MT4, MT5, FXTM Trader App. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. BlackBull Markets is regulated by FMA, FSA (Tier 3), while FXTM holds licenses from CySEC, FCA, FSA (Tier 1). BlackBull Markets scores 7.5/10 and FXTM scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FXTM leads with 8.5/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. BlackBull Markets and FXTM both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
BlackBull Markets offers 24/7 Live Chat, Email, Phone and scores 8/10, while FXTM provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
BlackBull Markets scores 8/10 for deposits and withdrawals, while FXTM scores 8/10. BlackBull Markets accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and FXTM supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. BlackBull Markets requires a minimum deposit of $0 versus $10 for FXTM. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose BlackBull Markets if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Responsive customer support matters to you
- You want access to a wider range of instruments
Choose FXTM if you...
- You're a beginner who values learning resources
- Top-tier regulation and fund safety are your priority
- You prefer FXTM's trading environment overall
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is BlackBull Markets better than FXTM?
BlackBull Markets scores higher overall (8/10 vs 8/10), winning 5 of 8 categories. However, FXTM is stronger in stronger regulation and superior education resources. The best choice depends on what matters most to your trading style.
Which has lower fees, BlackBull Markets or FXTM?
BlackBull Markets scores higher for trading costs. BlackBull Markets offers spreads from 0.0 pips with a $0 minimum deposit, while FXTM starts from 0.0 pips with $10 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is BlackBull Markets safe to trade with?
BlackBull Markets is regulated by FMA, FSA and scores 7.5/10 for regulation. FXTM is regulated by CySEC, FCA, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, BlackBull Markets or FXTM?
BlackBull Markets scores 8.5/10 for platforms. BlackBull Markets offers MT4, MT5, TradingView, cTrader, while FXTM provides MT4, MT5, FXTM Trader App. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for BlackBull Markets vs FXTM?
BlackBull Markets requires a minimum deposit of $0, while FXTM requires $10. BlackBull Markets has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.