BlackBull Markets vs FXCM
BlackBull Markets or FXCM – which is better for UK traders 2024? Compare BlackBull Markets and FXCM in this detailed breakdown of their platforms, features and fees.
| BlackBull Markets | FXCM |
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| BlackBull Markets is ranked #20 among CFD brokers. | FXCM is ranked #43 among CFD brokers. |
| BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView, cTrader and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker's ECN accounts. | FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA and ASIC. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos | CFDs, Forex, Stocks, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $50 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | Variable |
| Regulator | |
| FMA, FSA | FCA, CySEC, ASIC |
| Mobile Apps | |
| iOS & Android | iOS and Android |
| iOS App Rating | |
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| Android App Rating | |
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| 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 | Yes |
| 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 | |
| Yes | |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Blackbull Markets offers an excellent selection of social and copy trading products on its CopyTrader system, plus HokoCloud, DupliTrade and Myfxbook. Traders can copy trades and strategies in a range of popular financial markets with user-friendly risk management tools. | FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time. |
| Social Trading | |
| Yes | Yes |
| 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 | No |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| BlackBull Markets CFDs are offered on forex, stocks, indices, commodities and cryptos with tight spreads and high leverage. The ECN accounts offer fast execution and low slippage, and the broker provides traders with plenty of extra tools and features plus 24/7 customer support. | You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions. |
| Leverage | |
| 1:500 | 1:30 |
| FTSE Spread | |
| 10.4 | 1.18 pts var* |
| GBPUSD Spread< | |
| 0.8 | 0.5 pips* |
| Oil Spread | |
| 5.2 | 0.05 (var)* |
| Stocks Spread | |
| Variable | 0.2% Var* |
| Forex | |
| BlackBull offers 64 forex pairs with very competitive pricing through its ECN accounts, with the standard commission-free spread starting from 0.8 and spreads with commission starting from zero. The broker supports diverse trading platforms including MT4 and MT5, and provides leverage up to 1:500. | FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks. |
| Assets | |
| 64 | 40 |
| GBPUSD Spread | |
| 0.8 | 0.5 pips var* |
| EURUSD Spread | |
| 0.2 | 0.2 pips var* |
| EURGBP Spread | |
| 0.8 | 0.5 pips var* |
| Currency Indices | |
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| Cryptocurrency | |
| BlackBull Markets traders can speculate on 11 cryptocurrencies including Bitcoin, Litecoin and Ethereum with up to 1:5 leverage. The crypto tokens are traded in pairs with USD and the broker offers a transparent pricing schedule. | You can trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade. |
| Spread | |
| Variable | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| BlackBull Markets | FXCM |
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BlackBull Markets vs |
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