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BlackBull Markets vs XTB 2026

A detailed head-to-head comparison of BlackBull Markets and XTB across regulation, trading costs, platforms, and more.

BlackBull Markets logo - BrokerAudit
BlackBull Markets

Est. 2014 · Auckland, New Zealand

FMA
75.5/100
Good
XTB logo - BrokerAudit
XTB

Est. 2002 · Warsaw, Poland

FCAKNFCySEC
82.8/100
Excellent

Score Breakdown

RegulationCostsPlatformsAccountsDepositSupportEducation
BlackBull MarketsXTB

Category-by-Category Winner

Category
BlackBull Markets
XTB
Regulation & Trust
70
88
Trading Costs
82
75
Platforms & Tools
82
82
Account Conditions
78
85
Deposit & Withdrawal
75
82
Customer Support
72
80
Education & Research
68
88
Overall Score
75.5
82.8

Detailed Comparison

Overview

Year Founded
2014
2002
Headquarters
Auckland, New Zealand
Warsaw, Poland
Publicly Listed
Top Regulators
FMA
FCA, KNF, CySEC
Total Instruments
26,000
5,800

Trading Costs

EUR/USD Spread
0.16 pips
0.92 pips
GBP/USD Spread
0.60 pips
1.40 pips
USD/JPY Spread
0.28 pips
1.20 pips
Min. Deposit
$0
$0
Commission/Lot
$6.00
None
Inactivity Fee
None
€10/month after 12 months

Platforms & Features

MetaTrader 4
MetaTrader 5
cTrader
TradingView
Copy Trading
API Trading
VPS Hosting
Demo Account
Islamic Account

Instruments

Forex Pairs
64
57
CFD Stocks
20,000
2,100
Indices
40
36
Commodities
20
22
Crypto CFDs
50
49

BlackBull Markets vs XTB: Our Analysis

Overall Verdict

With an overall score of 82.8/100 vs 75.5/100, XTB edges out BlackBull Markets by 7.3 points. This moderate gap suggests XTB has an edge in several key areas.

Trading Costs

On the EUR/USD pair, BlackBull Markets offers an average spread of 0.16 pips with a $6.00 round-turn commission, while XTB comes in at 0.92 pips commission-free. BlackBull Markets offers tighter pricing on EUR/USD. Minimum deposit is $0 at BlackBull Markets and $0 at XTB.

Regulation & Safety

BlackBull Markets holds 2 regulatory licenses with a highest tier of Tier 2 (FMA), while XTB has 5 licenses at Tier 1 (FCA, KNF, CySEC). XTB has stronger top-tier regulation.

Platform Comparison

BlackBull Markets offers MT4, MT5, cTrader, TradingView, BlackBull CopyTrader — uniquely offering MT4, MT5, cTrader, TradingView, BlackBull CopyTrader which XTB does not have. XTB supports xStation 5, with exclusive access to xStation 5. BlackBull Markets provides a wider platform selection.

Who Should Choose Which?

BlackBull Markets suits cost-conscious traders, traders wanting a wide instrument range, while XTB is better for beginners seeking education, traders who prioritize safety. If copy trading matters, BlackBull Markets has the edge. Both brokers offer demo accounts, so you can test each before committing real funds.

Frequently Asked Questions

Based on our testing, XTB scores higher overall at 82.8/100 compared to BlackBull Markets's 75.5/100. However, "better" depends on your priorities — BlackBull Markets may be superior in specific categories like trading costs.

BlackBull Markets offers tighter spreads with an average EUR/USD spread of 0.16 pips, compared to 0.92 pips at XTB. Check our detailed comparison table above for GBP/USD and USD/JPY spreads as well.

XTB scores higher for regulation and trust at 88/100, holding licenses from FCA, KNF, CySEC. BlackBull Markets scores 70/100 with FMA.

For beginners, XTB is the stronger choice with an education and research score of 88/100. It offers structured trading courses, webinars, and a free demo account. BlackBull Markets scores 68/100 for education.

Yes, there is no restriction on having accounts with both BlackBull Markets and XTB simultaneously. Many experienced traders maintain accounts with multiple brokers to take advantage of each broker's strengths — for example, using one for its lower spreads on majors and another for its wider instrument range or better platform features.

NC

Reviewed by

Neil C

Neil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.

Last updated: April 2026

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