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IC Markets vs BlackBull Markets 2023

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Written by ForexBrokers.com

December 27, 2022

Is IC Markets better than BlackBull Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. Learn more about Trust Score.

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× IC Markets

True ECN Forex Spreads From 0.0 pips

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(74-89% of retail CFD accounts lose money)

× BlackBull Markets

Tier-1 Regulated. 1:500 Leverage.

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(74-89% of retail CFD accounts lose money)

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Overall RatingIC MarketsBlackBull Markets
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Offering of Investments 4.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 74
Winner check_circle
Review IC Markets Review BlackBull Markets Review
RegulationIC MarketsBlackBull Markets
Trust Score 86 74
Year Founded 2007 2014
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info No info
Tier-1 Licenses 1 1
Tier-2 Licenses 1 0
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)IC MarketsBlackBull Markets
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No Yes
Tier-2 Licenses (Average Trust)IC MarketsBlackBull Markets
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)IC MarketsBlackBull Markets
SCB Authorised (Bahamas) Yes No
FSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsIC MarketsBlackBull Markets
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 3583 26000
Forex Pairs (Total) 61 72
U.S. Stock Trading (Non CFD) No Yes
Int'l Stock Trading (Non CFD) No Yes
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostIC MarketsBlackBull Markets
Average Spread EUR/USD - Standard 0.62 info 0.827 info
All-in Cost EUR/USD - Active 0.62 info 0.827 info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingIC MarketsBlackBull Markets
Minimum Deposit $200 $0
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsIC MarketsBlackBull Markets
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader Yes Yes
DupliTrade No No
ZuluTrade Yes Yes
Trading Platforms Gallery (click to expand)
IC Markets EU cTrader desktop trading platformzoom_in IC Markets EU cTrader desktop trading platform chartszoom_in IC Markets EU cTrader desktop trading platform layoutzoom_in IC Markets EU cTraderzoom_in IC Markets EU cTrader copy web strategy detailzoom_in IC Markets EU cTrader desktop trading platform Autochartist signalszoom_in IC Markets EU cTrader desktop trading platform news headlineszoom_in IC Markets EU cTrader desktop trading platform watchlistzoom_in IC Markets EU MT5 desktop trading platformzoom_in IC Markets EU MT5 desktop trading platformzoom_in
BlackBull Markets MT5 desktop platformzoom_in BlackBull Markets MT5 desktop platform watchlistzoom_in BlackBull Markets MT5 desktop platform order.zoom_in
Trading ToolsIC MarketsBlackBull Markets
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingIC MarketsBlackBull Markets
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No Yes
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
IC Markets cTrader mobile app chartingzoom_in IC Markets cTrader mobile app watchlistzoom_in IC Markets cTrader mobile app order windowzoom_in IC Markets MT5 mobile trading appzoom_in IC Markets MT5 mobile trading app chartszoom_in IC Markets MT5 mobile trading app contract specificationszoom_in IC Markets MT5 mobile trading app economic calendarzoom_in IC Markets MT5 mobile trading app watchlistzoom_in
BlackBull Markets MT5 mobile trading appzoom_in BlackBull Markets MT5 mobile trading app chartingzoom_in BlackBull Markets MT5 mobile trading app contract specificationszoom_in BlackBull Markets MT5 mobile trading app economic calendarzoom_in BlackBull Markets MT5 mobile trading app watchlistzoom_in
ResearchIC MarketsBlackBull Markets
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Autochartist Yes Yes
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
Research Gallery (click to expand)
IC Markets research hubzoom_in IC Markets cTraderCopyzoom_in IC Markets cTraderCopy example strategieszoom_in IC Markets Vimeo channel uploadszoom_in IC Markets videos Vimeo channelzoom_in IC Markets research technical outlook and review blog articlezoom_in
BlackBull Markets daily market analysiszoom_in BlackBull Markets daily market analysis article detailzoom_in BlackBull Markets economic calendarzoom_in BlackBull Markets MT5 desktop platform signals marketzoom_in
EducationIC MarketsBlackBull Markets
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos No Yes
Videos - Advanced Trading Videos No Yes
Investor Dictionary (Glossary) Yes Yes
Education Gallery (click to expand)
IC Markets YouTube channel educational videoszoom_in IC Markets archived webinars YouTube videozoom_in IC Markets Vimeo channel educational videoszoom_in
BlackBull Markets educational videoszoom_in BlackBull Markets educational videos YouTubezoom_in
Major Forex PairsIC MarketsBlackBull Markets
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review IC Markets Review BlackBull Markets Review
OverallIC MarketsBlackBull Markets
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Offering of Investments 4.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 74
Winner check_circle
Review IC Markets Review BlackBull Markets Review
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IC Markets vs BlackBull Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs BlackBull Markets.

Does IC Markets or BlackBull Markets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets offers better pricing overall for traders.

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

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both IC Markets and BlackBull Markets hold 1 global Tier-1 licenses. IC Markets holds 1 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, IC Markets earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: IC Markets or BlackBull Markets?

To compare the trading platforms of both IC Markets and BlackBull Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IC Markets offers a better experience. With research, BlackBull Markets offers superior market research. Finally, we found IC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both IC Markets and BlackBull Markets offer MetaTrader 4 (MT4).IC Markets and BlackBull Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to IC Markets's 61 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while IC Markets has 3583 available CFDs, a difference of 22417.

Can I trust IC Markets?

IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Can I trust BlackBull Markets?

BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulators (high trust), zero tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-1 regulators: Financial Markets Authority (FMA).

Is IC Markets good?

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Is BlackBull Markets good?

BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.

Overall winner: IC Markets

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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