BlackBull Markets vs. IC Markets

If you are reading this article, you’re likely having trouble deciding whether BlackBull Markets vs IC Markets is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this BlackBull Markets vs IC Markets review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

Feature IC Markets (visit site) BlackBull Markets (visit site)
IC Markets blackbull
Headquarter: Australia New Zealand
Regulation :
ASIC, FSA, CySEC FSPR, FMA
Type of Broker:
ECN/STP ECN/STP
U.S. Clients Allowed:
Minimum Deposit:
$200 $200
Maximum Leverage:
1:500 1:500
Commissions / Spreads:
Spreads, Commission Both
Account 1:
Standard Standard
Account 2:
Raw Spread Prime
Account 3:
Institutional
Account 4:
Active Trader
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:
  • English
  • Spanish
  • Chinese
  • 7+
  • English
Support Hours:
24/7 not specified
E-mail Support:
SMS Support:
Chat:
Broker Offers:

Features and Platforms

BlackBull Markets, a New Zealand Forex broker and FinTech company, offers traders an ECN/NDD execution model with deep liquidity from the out-of-the-box MT4/MT5 trading platforms. VPS hosting and API trading make it appealing to algorithmic traders. IC Markets maintains one of the most competitive MT4 trading environments due to its MT4 Advanced Trading Tools upgrade, plus MT5 and cTrader. VPS hosting and MAM/PAMM accounts are available. IC Markets remains a leading choice for algorithmic traders. It also supports social traders and offers beginner traders an excellent product and services portfolio.

Feature IC Markets Blackbull Markets
Type of Platform: MT4, MT5, cTrader, ZuluTrade, Myfxbook Autotrade MetaTrader 4, MetaTrader 5, Web-based
Platform Languages:
  • English
  • English
  • Spanish
  • 11+
OS Compatibility:
  • Windows
  • Mobile
  • Web
  • iPhone
  • iPad
  • Windows
  • Mobile
  • Web
  • iPhone
  • iPad
Trading Signals:
Charting Package:
Market Analysis:
Chart Trading:
Automated Trading:
Scalping:
Hedging:
Mobile Alerts:
Trailing Stops:
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Guaranteed Execution:
One-click Execution:
Interest on Margin:
Web-based Trading:
Mobile Trading:

Available Markets

While BlackBull Markets advertises 300+ trading instruments, its MT4 trading platform reveals only 31 currency pairs, four commodity CFDs, and twelve index CFDs. It is unclear how to obtain access to the missing markets or what they are. Therefore, the confirmed choice of tradeable instruments ranks near the bottom compared to other brokers. BlackBull Markets does not offer cryptocurrency or equity trading. IC Markets counters with 61 currency pairs, ten cryptocurrency pairs, 22 commodities, and four futures contracts. It also presents 730+ equity CFDs, 25 index CFDs, and four bond CFDs, placing it well ahead in this category.

Feature Markets Blackbull Markets
ETFs:
CFDs:
Commodities:
Metals:
Stocks:
Oil:
Gold:
Binary Options:
Indices:

Typical Spreads and Fees

Traders who prefer a commission-free Forex pricing environment will benefit more at BlackBull Markets. The minimum mark-up is 0.8 pips or $8 per 1.0 standard lot versus 1.0 pips or $10 at IC Markets. The commission-based alternative at BlackBull Markets commences from 0.1 pips for a fee of $6, among the lowest commissions industry-wide, for a total cost of $7. At IC Markets, traders pay $7 but get a raw spread of 0.0 pips, evening out the total minimum trading costs. Swap rates on leveraged overnight positions apply at both brokers but remain lower at BlackBull Markets.

Security and Trust

Both brokers deliver traders a secure and trustworthy trading environment. BlackBull Markets and IC Markets have a spotless regulatory track record and rank among the most reliable Forex brokers operational today. The New Zealand FMA is the primary regulator of BlackBull Markets, but most international clients will trade with BBG Limited, authorized by the Seychelles FSA. IC Markets operates subsidiaries with licenses from the ASIC, the CySEC, the Seychelles FSA, and the Bahamas SC. It also maintains a $1,000,000 insurance policy per client. Both brokers segregate client deposits, but IC Markets also provides confirmed negative balance protection.

IC Markets vs blackbull-markets – Verdict

The pricing environment at BlackBull Markets remains among the best industry-wide, including lower swap rates on leveraged overnight positions compared to most brokers. Access to deep liquidity and institutional-grade pricing together with API trading make BlackBull Markets a prime choice for algorithmic trading solutions. While the minimum deposit is an above-average $200, traders who wish access to the best trading costs must commit no less than $2,000. The maximum leverage of 1:500 adds an extra benefit for traders. IC Markets presents traders with three trading platforms, including one of the best MT4 trading environments due to its MT4 Advanced Trading Tools upgrade. A competitive cost structure and well-balanced asset selection ensure excellent trading conditions. IC Markets established itself as one of the best algorithmic brokers but equally supports portfolio managers, social traders, and beginners. BlackBull Markets and IC Markets remain excellent choices, depending on trading preferences.

FAQs

Is BlackBull Markets or IC Markets safer for Forex and CFDs trading?

Both brokers deliver to traders a safe Forex and CFD trading environment, together with clean regulatory track records. IC Markets has more operating licenses and a $1,000,000 insurance policy per client, granting it an overall edge.

How many Forex pairs and CFDs are available to trade?

BlackBull Markets maintains 31 currency pairs and 16 CFDs, placing it at the bottom in this category compared to all brokers. Traders at IC Markets get 61 currency pairs and 800+ CFDs for a well-balanced selection.

Does BlackBull Markets or IC Markets offer lower pricing?

BlackBull Markets takes the lead in pricing. While both brokers are highly competitive, BlackBull Markets presents one of the lowest cost structures.

What about MetaTrader and copy trading?

MT4 is available at both brokers, but IC Markets presents an excellent upgrade suite for it together with MT5.