IC Markets Vs. BlackBull Markets - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 76.27% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
IC Markets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.	BlackBull Markets is a global broker headquartered in New Zealand founded in 2014 that specialises in providing CFDs based on shares, commodities, currencies and indices.
Best For
Professional traders looking for Interbank rates High volume traders that will save great amounts of costs with their low spreads and commissions	Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) CySec (Cyprus) FSA (Seychelles)	FMA (New Zealand) FSAS (Seychelles)
The Good
Customisable leverage per asset before opening trades Interbank rates and low commissions Great platform variety	Competitive spreads in their ECN Prime account (From 0.1 Pips) Wide variety of platforms (MT4, MT5, TradingView and IBKR) Over 23,000 + shares
The Bad
Avaliable assets are limited (Also No ETFs) No ability to purchase real stocks or cryptocurrencies, only CFDs	Their standard asset offering is very low (over 300 instruments) Share trading requires a separate platform with a different onboarding Commissions are above average and share trading fees are a mystery
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2007	2014
💳 Minimum Deposit Range
$200	From $50 to $2,000
💰 Payment Methods
Visa Mastercard Bank Transfer Bitcoin Sofort Paypal Neteller Skrill	Visa Mastercard Bank Transfer Neteller FasaPay China UnionPay Skrill
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.	9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, IL.	US, CA, SY, IR.
📊 STP Account
Yes	No
📊 DMA Account
No	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
1,737	23,092
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
1,600	23,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
61	64
📗 Commodities
0	0
📗 Commodities CFDs
22	15
📕 Indices
0	0
📕 Indices CFDs
25	13
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
18	0
📒 Bonds
0	0
📒 Bonds CFDs
11	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	Unavailable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (Eg: 0.01 BTC)	Unavailable
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots	Unavailable
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	500
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
Yes	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
Yes	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
None	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.
💰 Commissions
No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.	ECN Standard has no fees. ECN PRIME has a $6 commission per lot round turn In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.6 Pips	From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - From 20 to 45 Pips	From 5.5 Pips
📈 GOLD
Dynamic - From 30 Pips	From 16 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Dynamic - From $8.7 to $42	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	No