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

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

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.

• Seasoned investors looking for a one-stop shop to cover a variety of needs
• Global investors who seek the most reliable discount service available
• Traders from intermediate to advanced level

• Experienced currency traders looking for their ECN PRIME account offer with spreads from 0.1 Pips

• SEC (United States)
• FINRA (United States)
• FCA (United Kingdom)
• ASIC (Australia)
• IIROC (Canada)
• MNB (Hungary)
• BSE (India)
• CBI (Ireland)
• FSA (Japan)
• CSSF (Luxembourg) CSSF
• MAS (Singapore)

• FMA (New Zealand)
• FSAS (Seychelles)

• High regulation
• Exceptional number of investment instruments (Above 100,000+)
• Competitive discount fees

• Competitive spreads in their ECN Prime account (From 0.1 Pips)
• Wide variety of platforms (MT4, MT5, TradingView and IBKR)
• Over 23,000 + shares

• Complicated account opening process
• Platforms are not beginner friendly
• Narrow choice of deposit options (Mostly bank transfers)

• 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

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• 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.

• Bank Transfer
• ACH (US only)
• Check (US only)
• Debit Card (US only)
• BPAY (Australia only)

• Visa
• Mastercard
• Bank Transfer
• Neteller
• FasaPay
• China UnionPay
• Skrill

AF, SY, SO, SD, LY, NG, BI.

US, CA, SY, IR.

One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

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

Commissions depend on market and residency:

• US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
• European stocks have €3 minimum and 0.05% trade value.
• Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
• Options start at $0.25 per contract and go as low as $0.15 per contract.
• Futures start at $0.85 per contract and go as low as $0.25 per contract

• 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.