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BlackBull Markets vs FXCM

BlackBull Markets or FXCM – which is better for UK traders 2025? Compare BlackBull Markets and FXCM in this detailed breakdown of their platforms, features and fees.

BlackBull Markets vs FXCM Comparison Table 2025
BlackBull Markets	FXCM

3.7	4
BlackBull Markets is ranked #14 among CFD brokers.	FXCM is ranked #25 among CFD brokers.
Review	Review
BlackBull, a New Zealand-based CFD broker, offers a wide range of trading options across more than 26,000 instruments. Following a 2023 rebrand, it boasts a contemporary design and provides advanced trading tools along with ultra-fast execution speeds, averaging 20ms.	FXCM, a reputable forex and CFD broker founded in 1999, is headquartered in the UK. It has garnered multiple accolades and operates in several regions, including the UK and Australia. Offering more than 400 assets and comprehensive analysis tools without any commission charges, FXCM is a favoured option among traders. The broker is also under the regulation of leading bodies such as the FCA, ASIC, CySEC, FSCA, and BaFin.
Pros
BlackBull provides everything a trader needs: execution speeds under 100ms, leverage as high as 1:500, and competitive spreads starting at 0.0 pips. BlackBulls's research excels, particularly in the daily 'Trading Opportunities' articles. These publications simplify complex market dynamics into clear insights, enabling traders to effectively capitalise on emerging trends. After collaborating with ZuluTrade and Myfxbook and refining its CopyTrader, BlackBull now provides an exceptionally comprehensive trading experience. BlackBull provides three ECN-powered accounts—Standard, Prime, and Institutional—to cater to traders of all experience levels, from novices to seasoned professionals. The variety of account types allows for flexible options tailored to individual trading needs and available capital.	In addition to its four charting platforms, FXCM provides a superior selection of specialist software for seasoned traders, featuring QuantConnect, AgenaTrader, and Sierra Chart. The proprietary Trading Station platform is an excellent option for traders seeking a comprehensive tool for their short-term and automated strategies. Traders have access to premium tools such as a market scanner, forex signals, and research from the third-party site eFXPlus. FXCM boasts a strong international reputation, holding licences from the FCA, ASIC, CySEC, and FSCA. With two decades of experience, it commands respect in the trading industry. A variety of funding options, such as bank cards, Apple Pay, and PayPal, are available with immediate processing. The broker provides reduced spreads and additional benefits for seasoned traders through the Active Trader account. FXCM has broadened its range of trading opportunities by offering 24/7 stock CFDs via MetaTrader 4.
Cons
Despite an expanding range of over 26,000 assets, including new additions to Asia Pacific indices, their offerings are primarily equities. The selection of currency pairs and indices remains average. Unlike many leading brokers, BlackBull imposes a bothersome $5 fee for withdrawals. This charge can reduce the overall cost-effectiveness, particularly for traders who regularly transfer funds. Despite enhancements such as webinars and tutorials in the Education Hub, our review indicates that the courses still require greater emphasis on elucidating broader economic factors affecting prices. BlackBull does not offer its own trading platform, instead utilising MetaTrader, cTrader, and TradingView. Although these platforms are highly regarded, some brokers, such as eToro, provide proprietary platforms with distinct features that cater well to novice traders.	While FXCM primarily caters to seasoned traders, the absence of managed accounts is unfortunate. There are no retail account options available for traders, and Cent/Micro account alternatives are also absent. The live chat support is often sluggish and inconsistent when compared to leading competitors.
Awards
Fast 50 Index (multiple years) - Deloitte Best Global FX Broker 2022 - Forex Expo Dubai Fastest Growing Exporter for Auckland 2018 - Westpac Auckland Business Awards
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
CFDs, Stocks, Indices, Commodities, Futures, Crypto	Forex, Stock CFDs, Commodities CFDs, Crypto CFDs
Demo Account
Yes	Yes
Minimum Deposit
$0	$50
Payment Methods
Credit Cards Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer	Apple Pay Credit Cards Debit Card Google Pay PayPal Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
FMA, FSA	FCA, CySEC, ASIC, FSCA, BaFin, CIRO
Mobile Apps
iOS & Android	iOS and Android
Trading App
BlackBull delivers a comprehensive mobile trading ecosystem. It provides traders with excellent charting tools and impressive execution speeds of less than 100ms. Options include MT4, MT5, cTrader, and TradingView apps, accommodating varied preferences.
iOS App Rating
3.7	3.1
Android App Rating
3.7	4.5
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	No
cTrader
Yes	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	Yes
Autochartist
Yes	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
Yes	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Auto Trading
Expert Advisors (EAs) on MetaTrader, cTrader Automate
Copy Trading
Yes	Yes
Copy Trading Platform
Blackbull excels with its extensive array of trading solutions, featuring options like CopyTrader, HokoCloud, DupliTrade, and Myfxbook. User-friendly dashboards display detailed metrics to evaluate strategy providers, including annual and percentage returns. This contributes to its reputation as a leading provider of inclusive trading packages available today.	FXCM provides social and copy trading options for forex, CFDs, and cryptocurrencies via the widely-used ZuluTrade platform. Registration is swift, and you can monitor your trading outcomes instantly.
Social Trading
Yes	Yes
Trade Signals
BlackBull Research stock recommendation service
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD JPY ZAR SGD	USD EUR GBP AUD
Commodities
Gold Silver Oil Gasoline Cocoa Wheat Corn Sugar Coffee Natural Gas Platinum Palladium Copper Aluminium Lead Zinc	Gold Oil Silver Cannabis
CFD
BlackBull stands out for CFD traders with leverage up to 1:500 and competitive spreads starting at 0.0 pips. It boasts round-the-clock support, which proved outstanding in tests, instilling confidence for traders in dynamic markets.	You can engage in trading various CFD instruments, such as forex, shares, indices, and commodities. Traders have access to a superb choice of platforms, including TradingView and MT4. Additionally, advanced trading tools like API solutions cater to experienced algorithmic traders.
Leverage
1:500	1:400
FTSE Spread
1.5	1.18 pts var*
GBPUSD Spread<
0.5	0.5 pips*
Oil Spread
1.5	0.05 (var)*
Stocks Spread
Variable	0.2% Var*
Forex
BlackBull provides 64 currency pairs with competitive pricing via its ECN accounts. The Standard account offers commission-free spreads starting at 0.8 pips. BlackBull's swift execution is also available on MT4, the leading platform among active forex traders.	FXCM provides a selection of over 40 currency pairs. There are no commission charges, and spreads are competitive, starting at 0.78 pips for EUR/USD. Additionally, the broker features three forex baskets, focusing on USD, Yen, and emerging market benchmarks.
Assets
64	40
GBPUSD Spread
0.5	0.5 pips var*
EURUSD Spread
0.3	0.2 pips var*
EURGBP Spread
0.8	0.5 pips var*
Currency Indices
	JPY
Cryptocurrency
BlackBull facilitates short-term trading on 11 cryptocurrencies, such as Bitcoin and Ethereum, with leverage of up to 1:5. Cryptos are traded against USD. The broker's 'Daily Opportunities' provide exceptional insights into emerging cryptocurrency trends.	Trade popular digital currencies with no commission and leverage. FXCM offers a crypto basket, providing exposure to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in a single trade.
Spread
245	Variable
Coins
BTC ETH XRP LTC ADA POLY XFET XINJ XNAKA XAX XCOTI	BTC ETH LTC BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

BlackBull Markets	FXCM
Review	Review
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