BlackBull Markets vs XM
Updated
Limited data: BlackBull Markets has 11 and XM has 8 of 12 comparable fields verified (we need 7 each for a full comparison). Treat this page as incomplete.
Key differences
- XM has a stronger best regulator (Tier 2) than BlackBull Markets (Tier 3).
- Only BlackBull Markets lists: NZ FSPR.
- Only XM lists: FSC (Belize), FSC (Mauritius), FSCA, CMA (Kenya).
- BlackBull Markets offers cTrader, TradingView; XM does not list them.
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| Field | BlackBull Markets | XM |
|---|---|---|
| Score | 60.4/100 | 73.1/100 |
| Regulators | FSA (Seychelles), NZ FSPR | FSC (Belize), FSA (Seychelles), FSC (Mauritius), FSCA, CMA (Kenya) |
| Founded | 2014 | Not verified |
| Platforms | MT4, MT5, cTrader, TradingView, ProprietaryBlackBull CopyTrader, BlackBull Invest. | MT4, MT5, ProprietaryXM App. |
| Minimum deposit | Not verified | $5 |
| Raw commission / side (advertised) | $3.00Raw, per side, FX and metals. | Not verified |
| Spread from, no-commission account (advertised) | 0.60Advertised 'from' spread on the lowest-spread commission-free account; not a measured average. (Pro). | 0.80Site-wide "as low as 0.8 pips"; not account- or pair-specific. |
| Measured EUR/USD spread | Not yet tested | Not yet tested |
| Max. leverage | 1:500 | Not verified |
| Copy trading | Yes | YesXM Copy Trading. |
| Swap-free / Islamic | YesSelect markets; admin fees may apply. | Yes"Islamic option as standard" on all accounts. |
| Deposit methods | Visa, Mastercard, Bank transfer, Apple Pay, Google Pay, Crypto, Neteller, Skrill | Not verified |
| Restricted-country list | 5 listed (partial)Does not accept CA/US; not intended for EU, UK, India. | 4 listed (partial)Plus "other sanctioned countries". |
| Visit |
Sources for each value are on the individual broker pages. Data verified 11 Oct 2026.
Risk warning: CFDs and leveraged forex are complex instruments and carry a high risk of losing money rapidly due to leverage. Most retail accounts lose money. Only trade with money you can afford to lose. Nothing on this site is investment advice. Read the full risk warning.