| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| BlackBull | $0 Minimum Deposit | MT4, MT5, TradingView, BlackBull Shares Trading Platforms | 26,000+ Markets To Trade | BlackBull offers trading, including automated trading, copy trading and Stocks CFD trading (with 26,000+ Stocks CFDs) About |
| XM | $5 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | XM offers trading, including automated trading on MT4 and MT5 and provides a Cent account with a low $5 minimum deposit About |
BlackBull vs XM Comparison
Both brokers offers MT4 and MT5. BlackBull additionally provides TradingView and the BlackBull Shares app, which offers 26,000+ Stocks CFDs to trade. BlackBull provides social and copy trading platforms. XM has a Cent account with a low minimum deposit of $5.
ECN trading conditions
BlackBull has a range of ECN account types, while XM offers at XM CySEC regulated its XM Zero account, which has spreads from 0 plus a commission charge.
Quick comparison
Both brokers offers MT4 and MT5. BlackBull additionally provides 26,000+ markets on its BlackBull Shares app and has TradingView. XM offers a Cent account with a $5 minimum deposit.
Minimum deposit and account types
The minimum deposit for BlackBull is $0. The minimum deposit for XM is $/£5.
- BlackBull offers an ECN Standard account with a minimum deposit of $0 and an ECN Prime account with a minimum deposit of $2000. It has an Islamic account for each of these account types. BlackBull additionally provides a Shares Trading Account, to access its BlackBull Shares mobile app. BlackBull also offers an ECN Institutional account with a minimum deposit of $20,000. BlackBull's ECN Standard account does not have a commission charge, thus can offer higher spreads compared with its other accounts which charge commissions. BlackBull offers an FX Academy and Market Analysis on its site. BlackBull offers social and copy trading on ZuluTrade, Myfxbook and BlackBull Social. The minimum trade size is 0.01 lots.
- XM CySEC regulated offers three account types, the Micro, Standard and XM Zero accounts, all with minimum deposits of $5. An Islamic account is available for each account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available. The minimum trade size is 0.0001 lots.
- XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
- XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.
Markets
- BlackBull offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Options, with 26,000+ available.
- XM offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 1000+ available on MT5. There are 100+ available on MT4, as it does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex and Precious Metal (Gold and Silver), with 55+
| Broker | Trading Platforms | Description |
|---|---|---|
| BlackBull Broker | MT4, MT5, TradingView, BlackBull Shares Trading Platforms | BlackBull offers a wide range of trading including automated trading, copy trading and Stocks CFDs trading (with 26,000+ Stocks CFDs on a mobile app) Description |
| XM Broker | MT4, MT5 Trading Platforms | XM offers trading on MT4 and MT5, including automated trading with EAs and provides a Cent account with a $5 minimum deposit Description |
Cryptocurrency CFDs
- BlackBull offers Bitcoin, Ethereum, Litecoin and Dash.
- XM offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Aave, Cardano, Algorand, Avalanche, Axie Infinity, Basic Attention Token, Compound, Enjin, Fetch.ai, The Graph, Chainlink, OmiseGO, SKALE, Solana, Storj, Sushi, Stellar and Ox.
Spreads and leverage
- Both brokers can offer accounts with spreads from 0 (or 0.1) plus a commission charge and also provide accounts which can have higher spreads without a commission charge, from 0.6 for XM and 0.8 for BlackBull.
Maximum leverage for BlackBull is 500:1. Maximum leverage for XM (CySEC regulated) is . Maximum leverage for XM (ASIC regulated) is 500:1. Maximum leverage for XM Global is 888:1.
Commissions
- BlackBull charges commission of $3 per lot per side on its ECN Prime account. For its ECN Institutional account, commissions are negotiable.
- The XM Zero account charges commission of $3.5 per lot per side.
Online trading platforms
Both offer MT4 and MT5. BlackBull additionally provides TradingView and the BlackBull Shares mobile app.
Why BlackBull or XM ?
Traders who want to trade on MT4 or MT5 may do so at either broker. Traders who want to trade EAs may do so at both brokers. Those who want to trade on TradingView can do so at BlackBull. Traders who want to trade a large number of Stocks CFDs (26,000+) can do so at BlackBull. Traders who want to social and copy trading can do this at BlackBull. Traders who want to trade on a Cent account with very low minimum trade sizes and a low minimum deposit ($5) can do this at XM.
Comparison summary
- Both offer CFD trading
- Each provides MT4 and MT5
- BlackBull additionally offers the BlackBull Shares app and TradingView
- BlackBull provides social and copy trading platforms
- XM offers a Cent account with a $5 minimum deposit
- BlackBull has 26,000+ Stocks CFDs to trade
