IG
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79% of retail CFD accounts lose money.

Vs.

BlackBull Markets
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74-89% of retail CFD accounts lose money.

IG Vs. BlackBull Markets - Compare and Choose the Right One

Updated Jul 12 2022

Visit

79% of retail CFD accounts lose money.

Visit

74-89% of retail CFD accounts lose money.

Overview

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

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 to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
  • Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

1

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)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
  • FMA (New Zealand)
  • FSAS (Seychelles)
The Good
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
  • 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
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
  • 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
1974 2014
💳 Minimum Deposit

0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards.

From $50 to $2,000
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • FasaPay
  • China UnionPay
  • Skrill
💵 Account Base Currencies
6 - AUD, EUR, GBP, HKD, SGD, USD. 9 - EUR, USD, GBP, NZD, AUD, SGD, ZAR, JPY, CAD.
🗽 Available to U.S Citizens
Yes (excluding CFDs) No
❌ Restricted Countries
SY, IR. US, CA, SY, IR.
📊 STP Account
No Yes
📊 DMA Account
Yes No
📊 ECN Account
Yes Yes
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies indices and bonds.
  • CFDs on shares, currencies, indices, commodities and cryptocurrencies.
📙 Stocks

10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks

23,000+
📘 Currency Pairs
210 64
📗 Commodities
37 15
📕 Indices
76 13
📔 ETFs
2,000 + both CFDs and real ETFs N/A
💸 Cryptocurrencies
15 N/A
📒 Bonds
19 N/A
📓 Options
Availability only for select countries. N/A
📗 Futures

Several contracts in commodities and indices with various expiration dates.

N/A
📝 Notes:

IG provides both CFD trading and real equity. US traders cannot trade CFDs.

All of BlackBull Markets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 Share N/A
📉 Minimum ETFs Trade Size
1 ETF N/A
📈 Minimum Crypto Trade Size

0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins)

N/A
📉 Minimum FX Trade Size

1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units)

$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
1 Contract N/A
📉 Minimum Bonds Trade Size
1 Contract N/A
📈 Minimum Futures Trade Size
1 Contract N/A
📉 Minimum Options Trade Size
Varies per option (usually 1 contract) N/A
💪 Retail Leverage
Up to 1:30 Up to 1:500
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes (only for share trading)
📱 Android App
Yes Yes (only for share trading)
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes (MT4 & 5)
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes (only for share trading)
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

After 24 months of inactivity, IG charges an $18 monthly fee.

No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

💰 Commissions

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

  • 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 0.9 Pips From 0.4 Pips to 1.61 Pips
📉 SP500
Dynamic - From 150 Pips From 5.5 Pips
📈 GOLD
Dynamic - From 50 Pips From 16 Pips
📉 TSLA (Stock CFD)
Dynamic - From $1.03 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From 0 Pips Dynamic - Market spread
📉 BTC
Dynamic - From $140 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
Yes No