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BlackBull Markets vs FXCM

Head-to-head comparison of fees, platforms, regulation, and trading conditions to help you choose the right EU broker in 2026.

BM
BlackBull Markets
Est. 2014 · Auckland, New Zealand
8.3
VS
F
FXCM
Est. 1999 · London, UK
8.1

Quick Verdict

BlackBull Markets
5 categories won
Tied
0 categories
FXCM
2 categories won

BlackBull Markets scores higher overall at 8.3/10 vs 8.1/10.

Score Comparison

OverallBlackBull Markets wins
BlackBull Markets8.3
FXCM8.1
Fees & CostsBlackBull Markets wins
BlackBull Markets9.0
FXCM8.0
PlatformsBlackBull Markets wins
BlackBull Markets8.8
FXCM8.2
RegulationFXCM wins
BlackBull Markets7.8
FXCM8.5
ExecutionBlackBull Markets wins
BlackBull Markets9.2
FXCM8.5
SupportBlackBull Markets wins
BlackBull Markets8.0
FXCM7.8
EducationFXCM wins
BlackBull Markets7.0
FXCM8.0
InstrumentsBlackBull Markets wins
BlackBull Markets8.5
FXCM7.8

Trading Conditions

ConditionBlackBull MarketsFXCM
Min DepositNone£50
EUR/USD Spread0.0 pips (ECN Prime), 0.8 pips (Standard)0.2 pips (Active Trader), 1.3 pips (Standard)
Commission$3.00 per lot per side (ECN Prime), None (Standard)None (spread-only on all accounts)
Leverage (Retail)30:130:1
Leverage (Pro)500:1400:1
Swap-FreeYesNo
Withdrawal FeeFreeFree

Platform Comparison

BlackBull Markets Platforms

  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
Account Types:

Standard, ECN Prime, ECN Institutional

FXCM Platforms

  • Trading Station
  • MetaTrader 4
  • TradingView
  • ZuluTrade
Account Types:

Standard, Active Trader

Regulation & Safety

BlackBull Markets Regulation

FMANew ZealandFSASeychelles
ESMA CompliantNo
Neg. Balance ProtectionYes
Segregated FundsYes
Compensation Scheme

No EU compensation scheme (NZ-regulated)

FXCM Regulation

FCAUKASICAustralia
ESMA CompliantYes
Neg. Balance ProtectionYes
Segregated FundsYes
Compensation Scheme

FSCS up to GBP 85,000 (UK entity)

Overall Verdict

WinnerBlackBull Markets8.3

BlackBull Markets takes the overall win with a score of 8.3 vs 8.1, winning 5 out of 7 individual categories compared to FXCM's 2.

In terms of costs, BlackBull Markets also leads on fees. On the regulatory front, BlackBull Markets though FXCM has a regulatory edge.

Choose BlackBull Markets if you prioritise its strengths in the categories where it leads. Choose FXCM if you value the specific areas where it scores higher, such as regulation and education.

CFD Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.