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XM Group vs BlackBull Markets 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is XM Group better than BlackBull Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, XM Group is considered low-risk, with an overall Trust Score of 90 out of 99. BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. Learn more about Trust Score.

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Overall RatingXM GroupBlackBull Markets
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 90 74
Winner check_circle
Review XM Group Review BlackBull Markets Review
RegulationXM GroupBlackBull Markets
Trust Score 90 74
Year Founded 2009 2014
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes No info
Tier-1 Licenses 2 1
Tier-2 Licenses 1 0
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)XM GroupBlackBull Markets
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) Yes No
FMA Authorised (New Zealand) No Yes
Tier-2 Licenses (Average Trust)XM GroupBlackBull Markets
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)XM GroupBlackBull Markets
SCB Authorised (Bahamas) No No
FSC Authorised (Belize) Yes No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsXM GroupBlackBull Markets
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1372 26000
Forex Pairs (Total) 57 72
U.S. Stock Trading (Non CFD) Yes Yes
Int'l Stock Trading (Non CFD) Yes Yes
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostXM GroupBlackBull Markets
Average Spread EUR/USD - Standard 1.6 info 0.827 info
All-in Cost EUR/USD - Active 0.8 info 0.827 info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingXM GroupBlackBull Markets
Minimum Deposit $5 $0
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsXM GroupBlackBull Markets
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader No Yes
DupliTrade No No
ZuluTrade No Yes
Trading Platforms Gallery (click to expand)
Trading ToolsXM GroupBlackBull Markets
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingXM GroupBlackBull Markets
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes Yes
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
ResearchXM GroupBlackBull Markets
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Autochartist Yes Yes
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
Research Gallery (click to expand)
EducationXM GroupBlackBull Markets
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) No Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) No Yes
Education Gallery (click to expand)
Major Forex PairsXM GroupBlackBull Markets
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review XM Group Review BlackBull Markets Review
OverallXM GroupBlackBull Markets
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 90 74
Winner check_circle
Review XM Group Review BlackBull Markets Review
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XM Group vs BlackBull Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs BlackBull Markets.

Does XM Group or BlackBull Markets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, BlackBull Markets offers better pricing overall for traders.

Is XM Group or BlackBull Markets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. XM Group holds 2 global Tier-1 licenses, while BlackBull Markets holds 1. XM Group holds 1 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, XM Group earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: XM Group or BlackBull Markets?

To compare the trading platforms of both XM Group and BlackBull Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XM Group offers a better experience. With research, XM Group offers superior market research. Finally, we found XM Group to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both XM Group and BlackBull Markets offer MetaTrader 4 (MT4).XM Group and BlackBull Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to XM Group's 57 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while XM Group has 1372 available CFDs, a difference of 24628.

Can I trust XM Group?

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by three tier-1 regulators (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).

Can I trust BlackBull Markets?

BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulators (high trust), zero tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-1 regulators: Financial Markets Authority (FMA).

Is XM Group good?

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Is BlackBull Markets good?

BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.

Overall winner: XM Group

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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