Blackbull Markets vs IC Markets: Which One Is Best?
Comparing IC Markets and BlackBull Markets is tough, as both offer strong features and platforms. BlackBull Markets excels in social trading, while IC Markets stands out with lower spreads and superior execution. In this review, IC Markets takes the lead.
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Our full comparison covers the 10 most important trading factors. Here are seven noticeable differences between BlackBull Markets and IC Markets:
- IC Markets offers lower spreads on their standard account, with a minimum spread of 0.6 pips on EUR/USD.
- IC Market charges a commission of USD 7.00.
- BlackBull Markets charges a lower commission of USD 6.00 round-turn per standard lot.
1. Lowest Spreads And Fees – IC Markets
IC Markets and BlackBull Markets are top forex brokers known for low costs, tight spreads, and diverse trading options. IC Markets (Australia,2007) attracts experienced traders with advanced platforms and low spreads, while BlackBull Markets (New Zealand, 2014) impresses with fast execution and robust trading tools. Both offer standard and spread-only accounts for price transparency, catering to traders of all levels. Their competitive fees benefit scalpers and high-frequency traders, enhancing profitability and market liquidity. Choosing between them depends on your trading style and priorities.
Spreads
IC Markets delivers exceptionally competitive spreads, featuring a remarkable EUR/USD spread of just 0.02, in stark contrast to Blackbull Markets’ 0.4 and the industry average of 0.28. For AUD/USD, IC Markets boasts a 0.03 spread, while Blackbull Markets stands at 0.4, compared to an industry average of 0.45. Overall, IC Markets achieves an impressive average spread of 0.29—substantially better than Blackbull Markets’ 0.48 and the industry norm of 0.72.
| RAW Account | IC Markets Spreads | Blackbull Markets Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 0.29 | 0.48 | 0.72 |
| EUR/USD | 0.02 | 0.4 | 0.28 |
| USD/JPY | 0.14 | 0.3 | 0.44 |
| GBP/USD | 0.23 | 0.3 | 0.54 |
| AUD/USD | 0.03 | 0.4 | 0.45 |
| USD/CAD | 0.25 | 0.5 | 0.61 |
| EUR/GBP | 0.27 | 0.3 | 0.55 |
| EUR/JPY | 0.30 | 0.30 | 0.74 |
| AUD/JPY | 0.50 | 0.50 | 0.93 |
| USD/SGD | 0.85 | 1.3 | 1.97 |
Commission Levels
IC Markets imposes a commission fee of $3.50 per lot, whereas Blackbull Markets offers a more competitive rate at $3.00 per lot. Notably, Blackbull Markets distinguishes itself with a $0 minimum deposit requirement, significantly lower than IC Markets’ $200 threshold. While Blackbull Markets recommends a deposit of $500, IC Markets suggests a minimum of $200. Additionally, both brokers eliminate funding fees and provide SWAP-free accounts, making them appealing options for traders.
| USD | AUD | GBP | EUR | |
|---|---|---|---|---|
| IC Markets | $3.50 | $4.50 | £2.50 | €2.75 |
| Blackbull Markets | $3.00 | N/A | N/A | N/A |
Standard Account Fees
IC Markets offers competitive standard account fees, charging just 0.62 for EUR/USD and 0.77 for AUD/USD. In comparison, Blackbull Markets imposes higher fees of 1.10 for EUR/USD and 1.20 for AUD/USD. This notable disparity underscores IC Markets’ appeal for traders to prioritise cost efficiency in their trading activities.
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
0.62 | 0.77 | 1.27 | 0.83 | 0.74 |
|
1.10 | 1.20 | 1.50 | 1.40 | 1.40 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 06/01/2025
Both IC Markets and Blackbull Markets provide competitive trading conditions, catering to different types of traders. IC Markets is noted for its low spreads and advanced trading platforms, which may appeal to experienced traders and those employing algorithmic strategies. Blackbull Markets offers fast execution speeds and a $0 minimum deposit, making it suitable for traders seeking flexibility and comprehensive trading tools. The decision between these brokers will depend on individual trading preferences and requirements.
Our Lowest Spreads and Fees Verdict
IC Markets brings home the gold in this category due to their lowest spreads and fees.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
2. Better Trading Platform – A Tie
IC Markets and BlackBull Markets deliver top-notch platforms with advanced charting, real-time data, and fast execution. Their user-friendly, secure interfaces support automated and social trading for strategic flexibility. IC Markets (Australia, 2007) is known for low spreads and diverse instruments, while BlackBull Markets (New Zealand, 2014) excels in speed and tools. Both cater to global traders, offering access to forex, commodities, indices, and crypto markets. Suitable for beginners and pros alike, they empower confident trading.
| Trading Platform | BlackBull Markets | IC Markets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | Yes |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.
MetaTrader
IC Markets and Blackbull Markets both feature MetaTrader 4 (MT4), the world’s leading trading platform. MT4 boasts nine chart timeframes, over 30 technical indicators, and four types of pending orders. Both brokers support scalping, hedging, and automation through Expert Advisors. IC Markets enhances the MT4 experience with Advanced Trader Tools and a library of 20 Expert Advisors, while Blackbull Markets includes pre-installed indicators comparable to those offered by IC Markets. Notably, IC Markets stands out with its AutoChartist charting tools, which Blackbull Markets is set to implement soon. Ultimately, the diversity of product offerings is the key factor that differentiates these two brokers.
Advanced Platforms
MetaTrader 5 (MT5) represents a significant advancement over its predecessor, MT4, by incorporating an extensive array of technical indicators and enhanced 64-bit processing capabilities for more effective backtesting. Both IC Markets and Blackbull Markets grant access to the comprehensive features of MT5. IC Markets boasts a formidable selection of over 1,600 shares listed on the NYSE, NASDAQ, and ASX exchanges, whereas Blackbull Markets offers between 90 and 100 stocks. Additionally, Blackbull Markets features a dedicated share trading app, enabling the trading of 23,000 shares from leading global exchanges, although it does not support MT4 or MT5 for this function. Overall, IC Markets stands out with a broader range of trading products.
Copy Trading
Both brokers provide cTrader, a widely acclaimed alternative to MetaTrader platforms recognized for its advanced charting capabilities and Depth of Market Trader (DoM). Blackbull Markets also facilitates share trading via its app and web trader platform, whereas IC Markets emphasizes CFD trading. While Blackbull Markets’ platform is accessible throughout most of Europe and the United Arab Emirates, it is not available in Australia, Canada, the United States, Singapore, or Hong Kong. Additionally, both brokers offer social trading opportunities through Myfxbook and ZuluTrade, which can seamlessly integrate with MetaTrader platforms.
Both IC Markets and Blackbull Markets present attractive trading conditions and sophisticated platforms tailored to various trader profiles. IC Markets distinguishes itself with minimal spreads and an extensive selection of trading products, making it particularly advantageous for seasoned traders. In contrast, Blackbull Markets shines with rapid execution speeds and diverse share trading options, appealing to traders who prioritize flexibility and robust tools. Ultimately, the decision between these brokers hinges on personal trading preferences and specific needs.
Our Better Trading Platform Verdict
Remarkably, BlackBull Markets and IC Markets are both neck to neck in this category by the reason of their better trading platform.
3. Superior Accounts And Features – BlackBull Markets
The right account features in forex trading can greatly impact success. IC Markets and BlackBull Markets offer tailored options for various trading styles, including tight spreads, low commissions, and advanced tools. They provide demo accounts, swap-free options, and access to numerous financial instruments. Additional perks like automated and social trading, along with responsive support, enhance the trading experience and boost trader confidence.
Islamic Accounts for Forex Trading: IC Markets vs. BlackBull Markets
In forex trading, Islamic accounts are structured to adhere to Sharia law, which prohibits the payment or receipt of interest. IC Markets and BlackBull Markets both provide swap-free accounts suitable for Islamic traders, though there are some differences between them.
IC Markets offers Islamic options for both their Standard and Raw Spread accounts. Most major currency pairs are subject to a $5 overnight administration fee, while fees for other pairs and products may vary. This fee is intended to cover the costs associated with holding positions overnight without earning or paying interest.
BlackBull Markets features a swap-free (Islamic) account that does not impose additional fees for this service, presenting a compliant choice for Islamic traders. This account facilitates interest-free trading on overnight positions, aligning with Sharia law principles.
Latest Forex Trading Trends
By 2025, the forex market will remain significantly shaped by a variety of economic indicators and geopolitical developments. Here are some essential trends and insights regarding the EUR, AUD, USD, and GBP:
EUR/USD: The EUR/USD pair has shown a medium-term bullish trend reversal, with the euro pushing further into key resistance areas. The European Central Bank’s (ECB) interest rate decisions and economic policies will play a significant role in shaping the pair’s future movements.
AUD/USD: The AUD/USD pair has also switched from a medium-term bearish to a bullish trend, targeting higher resistance levels. Australia’s economic performance and commodity prices will be crucial factors to watch.
GBP/USD: The GBP/USD pair has confirmed a medium-term bullish trend reversal, with the British pound gaining strength against the US dollar. The Bank of England’s (BoE) monetary policies and Brexit-related developments will continue to impact the pair.
USD: The US dollar’s performance remains influenced by the Federal Reserve’s (Fed) interest rate decisions and economic data releases. The dollar’s strength or weakness against other major currencies will depend on the Fed’s stance on inflation and economic growth.
Both IC Markets and BlackBull Markets present appealing Islamic accounts for forex trading. IC Markets does impose an overnight administration fee, whereas BlackBull Markets stands out by offering a compliant solution without any extra charges. Traders should carefully assess their unique needs and preferences when deciding between these two brokers.
| Blackbull Markets | IC Markets | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | Yes |
| Active Traders | Yes | Yes |
| Spread Betting (UK) | No | No |
Our Superior Accounts and Features Verdict
Blackbull Markets dominates this category on account of its superior accounts and features.
4. Best Trading Experience And Ease – IC Markets
IC Markets and BlackBull Markets are top brokers for a smooth trading experience. IC Markets impresses with its user-friendly MT5 platform, low spreads, and advanced features for seasoned traders. BlackBull Markets stands out with 500:1 leverage, fast execution, and tools ideal for scalpers and day traders. Both offer powerful platforms, tight spreads, and strong customer support, enabling confident and profitable trading for beginners and pros alike. Choose based on your need for advanced tools of high leverage.
- IC Markets is lauded for its MT5 platform, which is known for superior trading features.
- BlackBull Markets offers the highest leverage, giving traders more trading power.
- Our tests showed BlackBull Markets as having the fastest execution, crucial for day traders and scalpers.
- IC Markets has been recognised for its standard account offering, balancing features with ease of use.
Our testing revealed that BlackBull Markets delivers the fastest execution speeds, a critical advantage for traders who depend on rapid order placements and minimal slippage. This capability is especially advantageous for high-frequency traders and those employing scalping strategies.
On the other hand, IC Markets has gained a reputation for its standard account offerings, effectively balancing user-friendly features with performance. The broker boasts competitive spreads, low latency trading, and a diverse range of account types designed to accommodate various trading styles and preferences.
| Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank | |
|---|---|---|---|---|
| IC Markets | 134ms | 16/36 | 153ms | 22/36 |
| Blackbull Markets | 72ms | 1/36 | 90ms | 5/36 |
Latest Forex Trading Trends
By 2025, the forex market remains significantly shaped by a multitude of economic variables and geopolitical developments. Below are essential trends and insights regarding the EUR, AUD, USD, and GBP:
EUR/USD: The EUR/USD pair has shown a medium-term bullish trend reversal, with the euro pushing further into key resistance areas. The European Central Bank’s (ECB) interest rate decisions and economic policies will play a significant role in shaping the pair’s future movements.
AUD/USD: The AUD/USD pair has also switched from a medium-term bearish to a bullish trend, targeting higher resistance levels. Australia’s economic performance and commodity prices will be crucial factors to watch.
GBP/USD: The GBP/USD pair has confirmed a medium-term bullish trend reversal, with the British pound gaining strength against the US dollar. The Bank of England’s (BoE) monetary policies and Brexit-related developments will continue to impact the pair.
USD: The US dollar’s performance remains influenced by the Federal Reserve’s (Fed) interest rate decisions and economic data releases. The dollar’s strength or weakness against other major currencies will depend on the Fed’s stance on inflation and economic growth.
Both IC Markets and BlackBull Markets provide competitive trading experiences, each with its own advantages. IC Markets is noted for its advanced MT5 platform and diverse account options, while BlackBull Markets is recognized for its high leverage and quick execution. Traders may want to evaluate their specific needs and preferences when deciding between these brokers.
Our Best Trading Experience and Ease Verdict
We can easily surmise that IC Markets ranks highest in this category owing it to there best trading experience and ease.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
5. Stronger Trust And Regulation – IC Markets
IC Markets and BlackBull Markets operate under strict regulatory frameworks, ensuring traders are protected from fraud and unethical practices. Strong oversight not only builds confidence but also encourages traders to invest and trade more actively. Brokers with solid regulatory credentials tend to attract more clients, strengthening their market reputation. In this review, we’ll explore how these two brokers stack up in terms of trust, security, and overall reliability.
IC Markets Trust Score
BlackBull Markets Trust Score
IC Markets has a trust score of 61, while Blackbull Markets has a trust score of 50. However, it is important to consider other factors beyond trust scores, such as the features and platforms offered by these brokers, as well as their ease of use.
Regulation and Reputation: IC Markets vs. BlackBull Markets
BlackBull Markets is regulated by the Financial Markets Authority (FMA), making it a suitable option for traders in New Zealand, as this regulation promotes adherence to financial standards and a secure trading environment. Meanwhile, IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), which makes it appropriate for traders in Australia and Europe, as these regulatory bodies support transparency and integrity in its operations.
| Backbull lMarkets | IC Markets | |
|---|---|---|
| Tier 1 Regulation | FMA (New Zealand) | ASIC (Australia) CYSEC (Cyprus) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | FSA-S (Seychelles) | FSA-S (Seychelles) SCB (Bahamas) |
Reputation
IC Markets, established in May 2007, has positioned itself as a highly reputable broker with a significant global presence – Brokersway. Its extensive experience and widespread recognition make IC Markets a preferred choice for traders around the world. In contrast, BlackBull Markets, which was founded in 2014, has made a name for itself, particularly in New Zealand. Nevertheless, IC Markets’ longer history and wider reach provide it with a distinct advantage in trust and reliability.
Reviews
IC Markets has excelled in customer feedback, amassing over 42,000 reviews on TrustPilot with an outstanding rating of 4.8 out of 5. This remarkable score showcases the broker’s dedication to delivering exceptional customer service and an effortless trading experience. In comparison, BlackBull Markets has received approximately 1,247 reviews, also boasting a score of 4.8. Although this rating is commendable, the substantially larger volume of reviews for IC Markets signifies a broader and more content customer base.
Latest Forex Trading Trends
By 2025, the forex market is shaped by a multitude of economic factors and geopolitical developments. Below are some essential trends and insights regarding the EUR, AUD, USD, and GBP:
- EUR/USD: The EUR/USD pair has shown a medium-term bullish trend reversal, with the euro pushing further into key resistance areas. The European Central Bank’s (ECB) interest rate decisions and economic policies will play a significant role in shaping the pair’s future movements.
- AUD/USD: The AUD/USD pair has also switched from a medium-term bearish to a bullish trend, targeting higher resistance levels. Australia’s economic performance and commodity prices will be crucial factors to watch.
- GBP/USD: The GBP/USD pair has confirmed a medium-term bullish trend reversal, with the British pound gaining strength against the US dollar. The Bank of England’s (BoE) monetary policies and Brexit-related developments will continue to impact the pair.
USD: The US dollar’s performance remains influenced by the Federal Reserve’s (Fed) interest rate decisions and economic data releases. The dollar’s strength or weakness against other major currencies will depend on the Fed’s stance on inflation and economic growth.
IC Markets and BlackBull Markets provide competitive trading conditions and are regulated by respected authorities. IC Markets has a broader global presence and receives several favourable reviews. Traders are encouraged to consider their specific needs and preferences when selecting between these brokers.
Our Stronger Trust and Regulation Verdict
IC Markets secures first place in this aspect due to their stronger trust and regulations.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
6. Most Popular Broker – IC Markets
IC Markets gets searched on Google more than BlackBull Markets. On average, IC Markets sees around 246,000 branded searches each month, while BlackBull Markets gets about 18,100 — that’s 92% fewer.
| Country | IC Markets | BlackBull Markets |
|---|---|---|
| United Kingdom | 33,100 | 1,600 |
| South Africa | 9,900 | 720 |
| Thailand | 8,100 | 210 |
| India | 8,100 | 1,300 |
| Vietnam | 8,100 | 70 |
| Australia | 6,600 | 1,900 |
| United States | 6,600 | 880 |
| Spain | 6,600 | 480 |
| Germany | 5,400 | 1,600 |
| Pakistan | 5,400 | 210 |
| Brazil | 4,400 | 110 |
| France | 4,400 | 210 |
| United Arab Emirates | 4,400 | 140 |
| Morocco | 4,400 | 90 |
| Malaysia | 3,600 | 170 |
| Colombia | 3,600 | 170 |
| Italy | 3,600 | 320 |
| Indonesia | 3,600 | 140 |
| Singapore | 3,600 | 110 |
| Nigeria | 3,600 | 170 |
| Poland | 2,900 | 170 |
| Sri Lanka | 2,900 | 70 |
| Kenya | 2,400 | 110 |
| Mexico | 2,400 | 480 |
| Hong Kong | 2,400 | 30 |
| Netherlands | 2,400 | 320 |
| Philippines | 2,400 | 50 |
| Canada | 2,400 | 590 |
| Algeria | 2,400 | 50 |
| Bangladesh | 1,900 | 70 |
| Saudi Arabia | 1,900 | 40 |
| Peru | 1,600 | 50 |
| Egypt | 1,600 | 40 |
| Switzerland | 1,600 | 140 |
| Turkey | 1,300 | 90 |
| Argentina | 1,300 | 170 |
| Japan | 1,300 | 50 |
| Sweden | 1,300 | 140 |
| Ecuador | 1,000 | 70 |
| Taiwan | 1,000 | 20 |
| Dominican Republic | 1,000 | 40 |
| Portugal | 1,000 | 70 |
| Uzbekistan | 1,000 | 30 |
| Cyprus | 880 | 170 |
| Ghana | 880 | 50 |
| Ireland | 880 | 70 |
| Mongolia | 720 | 10 |
| Chile | 720 | 50 |
| Venezuela | 720 | 50 |
| Ethiopia | 720 | 20 |
| Uganda | 720 | 50 |
| Austria | 720 | 210 |
| Greece | 720 | 90 |
| Jordan | 590 | 10 |
| Mauritius | 480 | 10 |
| Costa Rica | 390 | 10 |
| Tanzania | 320 | 30 |
| Bolivia | 260 | 30 |
| Botswana | 260 | 30 |
| Panama | 260 | 10 |
| New Zealand | 210 | 1,900 |
| Cambodia | 170 | 10 |
2024 Monthly Searches For Each Brand
IC Markets - UK
|
33,100
1st
|
|
BlackBull Markets - UK
|
1,600
2nd
|
IC Markets - Thailand
|
8,100
3rd
|
|
BlackBull Markets - Thailand
|
210
4th
|
IC Markets - Australia
|
6,600
5th
|
|
BlackBull Markets - Australia
|
1,900
6th
|
IC Markets - UAE
|
4,400
7th
|
|
BlackBull Markets - UAE
|
140
8th
|
Similarweb shows a similar story when it comes to February 2024 website visits with IC Markets receiving 2,425,000 visits vs. 415,000 for BlackBull Markets.
Our Most Popular Broker Verdict
IC Markets is the more popular broker worldwide based on the number of Google branded searches and visits to the website.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
7. Top Product Range And CFD Markets – IC Markets
IC Markets and BlackBull Markets provide a wide range of CFDs, enabling portfolio diversification across forex, commodities, indices, and cryptocurrencies. This diverse selection enhances trading experiences and allows for strategic adaptation to market trends, benefiting both day traders and long-term investors.
Product Range and CFD Markets: IC Markets vs. BlackBull Markets
IC Markets and BlackBull Markets provide a variety of products and CFD markets. The specifics and variables vary based on the individual needs and preferences of traders.
BlackBull Markets offers a competitive range of forex pairs and stocks, making it an attractive choice for traders focused on these instruments. The broker provides access to a wide variety of currency pairs and a selection of stocks, catering to traders who prioritize these markets.
IC Markets, on the other hand, has a broader offering in terms of indices, commodities, and other product categories. This makes IC Markets a versatile option for traders looking to diversify their portfolios across different asset classes. The broker’s extensive range of trading instruments includes indices, commodities, cryptocurrencies, and more, providing ample opportunities for traders to explore various markets.
Below is a table comparing the range of CFDs, products, and markets available with both brokers:
| CFDs | IC Markets | Blackbull Markets |
|---|---|---|
| Forex Pairs | 61 | 55 |
| Indices | 25 | 12 |
| Commodities | 4 Metals (Gold vs 6 currencies) (Silver vs 3 currencies) 8 Softs 5 Energies | 10 Metals 3 Energies 7 Soft Commodities 9 Hard Commodities |
| Cryptocurrencies | 23 | 16 |
| Share CFDs | 2100+ | 2,000+ |
| ETFs | No | No |
| Bonds | 9 | No |
| Futures | Yes | Futures 22 |
| Treasuries | 9 | No |
| Investments | Yes | Yes 26,000 |
Latest Forex Trading Trends
By 2025, the forex market will remain significantly shaped by a range of economic factors and geopolitical developments. Here are some crucial trends and insights regarding the EUR, AUD, USD, and GBP:
EUR/USD: The EUR/USD pair has shown a medium-term bullish trend reversal, with the euro pushing further into key resistance areas. The European Central Bank’s (ECB) interest rate decisions and economic policies will play a significant role in shaping the pair’s future movements.
AUD/USD: The AUD/USD pair has also switched from a medium-term bearish to a bullish trend, targeting higher resistance levels. Australia’s economic performance and commodity prices will be crucial factors to watch.
GBP/USD: The GBP/USD pair has confirmed a medium-term bullish trend reversal, with the British pound gaining strength against the US dollar. The Bank of England’s (BoE) monetary policies and Brexit-related developments will continue to impact the pair.
USD: The US dollar’s performance remains influenced by the Federal Reserve’s (Fed) interest rate decisions and economic data releases. The dollar’s strength or weakness against other major currencies will depend on the Fed’s stance on inflation and economic growth.
Both IC Markets and BlackBull Markets provide competitive trading conditions and a variety of products. BlackBull Markets has a diverse selection of forex pairs and stocks, whereas IC Markets offers a wider range of indices, commodities, and other asset classes. Traders may want to assess their specific needs and preferences when deciding between these brokers.
Our Top Product Range and CFD Markets Verdict
IC Markets just comes out on top this is due to their top product range and CFD markets.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
8. Superior Educational Resources – BlackBull Markets
IC Markets and BlackBull Markets offer excellent educational resources. They provide webinars, articles, video tutorials, and structured courses to support traders at all levels. Access to quality content boosts confidence and improves decision-making, aiding long-term success in the forex market.
Educational Resources for Forex Trading: BlackBull Markets vs. IC Markets
While BlackBull Markets and IC Markets offer educational resources for forex traders, their approaches and content variety vary significantly.
BlackBull Markets:
Webinars: Regularly hosts webinars for traders of all levels, offering valuable insights and strategies.
Tutorials: Provides comprehensive video tutorials covering a wide range of trading topics, suitable for both beginners and advanced traders.
E-books: Offers a diverse range of e-books, catering to traders at different skill levels.
Market Analysis: Delivers daily market analysis to keep traders informed of the latest trends and developments.
Trading Tools: A variety of tools are available to assist traders in their decision-making process.
Customer Support: Offers round-the-clock assistance for all educational inquiries, guaranteeing that traders receive the support they require.
IC Markets:
Webinars: Hosts occasional webinars, but not as frequently as BlackBull Markets.
Tutorials: Limited video tutorials are available, offering basic guidance for traders.
E-books: A smaller range of e-books is offered compared to BlackBull Markets.
Market Analysis: Provides market analysis, though not as in-depth as that of BlackBull Markets.
Trading Tools: Traders have access to essential standard trading tools to enhance their experience. However, while customer support is available, it does not operate around the clock, potentially restricting accessibility for certain traders.
BlackBull Markets:
- Webinars: Regularly hosts webinars for traders of all levels.
- Tutorials: Comprehensive video tutorials covering various trading topics.
- E-books: Offers a range of e-books for both beginners and advanced traders.
- Market Analysis: Provides daily market analysis to keep traders informed.
- Trading Tools: A variety of tools to assist traders in their decision-making.
- Customer Support: 24/7 customer support to assist with any educational queries.
IC Markets:
- Webinars: Offers occasional webinars, but not as frequently as BlackBull.
- Tutorials: Limited video tutorials are available for traders.
- E-books: A smaller range of e-books compared to BlackBull.
- Market Analysis: Provides market analysis, but not as in-depth as BlackBull.
- Trading Tools: Offers standard trading tools for traders.
- Customer Support: Customer support is available, but not 24/7.
Latest Forex Trading Trends
By 2025, the forex market will remain significantly shaped by a variety of economic indicators and geopolitical developments. Below are essential trends and insights regarding the EUR, AUD, USD, and GBP:
EUR/USD: The EUR/USD pair is experiencing a notable medium-term bullish trend reversal, with the euro advancing into critical resistance zones. The decisions made by the European Central Bank (ECB) regarding interest rates and its economic policies will be pivotal in influencing the future trajectory of this currency pair.
AUD/USD: The AUD/USD pair has transitioned from a medium-term bearish trend to a bullish one, aiming for higher resistance levels. Key factors to monitor will be Australia’s economic performance and commodity prices.
GBP/USD: The GBP/USD pair has signalled a medium-term bullish trend reversal, showcasing the British pound’s increasing strength against the US dollar. Ongoing monetary policies from the Bank of England (BoE) along with Brexit developments are poised to significantly influence this pair’s performance.
USD: The performance of the US dollar continues to be shaped by the Federal Reserve’s interest rate decisions and the release of economic data. Its strength or weakness against other major currencies hinges on the Fed’s approach to inflation and economic growth.
BlackBull Markets provides a broader range of educational resources and support compared to IC Markets, which may be beneficial for traders interested in ongoing learning and development. IC Markets offers essential resources, but their depth and frequency might not be as extensive as those of BlackBull Markets.
Our Superior Educational Resources Verdict
Based on our team’s research, BlackBull Markets come up trumps in this category this is due to their superior educational resources.
9. Superior Customer Service – IC Markets
IC Markets and BlackBull Markets offer 24/7 assistance through live chat, phone, and email, enhancing trader confidence and trust. Responsive support improves the trading experience for both beginners and seasoned traders.
Customer Service and Educational Resources: IC Markets vs. BlackBull Markets
When it comes to customer service, IC Markets stands out with its 24/7 live chat support, ensuring traders can get assistance at any time, including Sundays. This round-the-clock availability is particularly beneficial for traders who may need immediate support during weekends. In contrast, BlackBull Markets offers live chat support 24 hours a day, but only six days a week. This means that traders requiring assistance on Sundays might find IC Markets more responsive and accessible.
Both also provide extensive educational resources to support their traders. IC Markets offers a comprehensive education library that includes Web TV, webinars, video tutorials, podcasts, and online guides. These resources cater to traders of all levels, providing valuable insights and strategies to enhance their trading skills. On the other hand, BlackBull Markets focuses on trading guides and videos. While their educational offerings are rich and comprehensive, they may not be as varied as those provided by IC Markets.
| Feature | IC Markets | Blackbull Markets |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/6 |
| Multilingual Support | Yes | Yes |
IC Markets and BlackBull Markets offer robust customer service and educational resources, with IC Markets providing more comprehensive support and a wider range of educational materials. Traders should consider their individual needs and preferences when choosing between these brokers.
Our Superior Customer Service Verdict
IC Markets is having its moment in the spotlight on account of its superior customer service.
IC Markets ReviewVisit IC Markets
*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
10. Better Funding Options – IC Markets
Flexible funding options in forex trading are crucial. IC Markets and BlackBull Markets provide various methods like bank transfers, credit/debit cards, and digital wallets such as PayPal and Skrill, with some enabling cryptocurrency. Low or no fees facilitate efficient fund movement, enhancing the trading experience and allowing traders to concentrate on strategy and execution.
Funding Options: IC Markets vs. BlackBull Markets
IC Markets and BlackBull Markets provide various funding options to accommodate their global clients, facilitating convenient and prompt fund transfers. IC Markets offers over 15 funding methods, such as traditional bank transfers, credit/debit cards, and e-wallets like PayPal, Neteller, and Skrill. This range allows traders to deposit funds efficiently and at no cost, aiding in market participation. Furthermore, IC Markets accepts multiple base currencies, including USD, AUD, EUR, and GBP, addressing the needs of a diverse customer base.
BlackBull Markets also offers a wide array of funding methods, such as bank transfers, credit/debit cards, and e-wallets like Google Pay, Apple Pay, and Neteller. The broker supports various currencies and ensures that most funding methods are processed instantly upon approval. This flexibility allows traders to quickly access their funds and respond to market movements. BlackBull Markets’ commitment to providing multiple funding options demonstrates its dedication to meeting the diverse needs of its global clients.
Our extensive testing and data gathered indicate the following funding options available for both brokers:
| Funding Methods | BlackBull Markets | IC Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| UnionPay | Yes | Yes |
| FasaPay | Yes | Yes |
| POLi | Yes | No |
| BPay | No | Yes |
| Broker to Broker | Yes | Yes |
IC Markets and BlackBull Markets provide several funding options for their global clients, facilitating convenient and prompt fund transfers. Recent forex trends suggest a favourable outlook for EUR, AUD, and GBP against the USD, influenced by various economic and geopolitical factors.
Our Better Funding Options Verdict
IC Markets is riding high in this category against the other due to its better funding options.
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*Your capital is at risk ‘72.53% of retail CFD accounts lose money’
11. Lower Minimum Deposit – BlackBull Markets
Starting forex doesn’t need a large investment. Lower deposits make trading accessible for beginners and those with limited capital. IC Markets and BlackBull Markets offer flexible options for smaller upfront costs, reducing financial barriers. This inclusivity helps more people gain experience and build confidence without high risks. But which broker offers the better deal? Let’s find out!
Minimum Deposit and Funding Options: IC Markets vs. BlackBull Markets
BlackBull Markets provides an enticing opportunity for traders with its Standard account, requiring no minimum deposit, allowing individuals to begin trading without any upfront financial commitment. In contrast, IC Markets mandates a minimum deposit of $200. While this amount remains low compared to other brokers, it can be a significant consideration for those with limited capital. Both brokers do not charge fees for deposits or withdrawals; however, traders need to be mindful that their funding providers may apply their fees.
IC Markets
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £200 Minimum Deposit | $200 Minimum Deposit | €200 Minimum Deposit | $200 |
| Paypal | £200 Minimum Deposit | $200 Minimum Deposit | €200 Minimum Deposit | $200 |
| Bank Wire | £200 Minimum Deposit | $200 Minimum Deposit | €200 Minimum Deposit | $200 |
| Skrill | £200 Minimum Deposit | $200 Minimum Deposit | €200 Minimum Deposit | $200 |
BlackBull Markets
| Minimum Deposit | GBP | USD | EUR | AUD |
|---|---|---|---|---|
| Credit Card / Debit Card | £50 | $50 | €50 | $50 |
| Bank Wire | £0 | $0 | €0 | $0 |
| Skrill | £50 | $50 | €50 | $50 |
| Neteller | £50 | $50 | €50 | $50 |
| Minimum Deposit | Recommended Deposit | |
| IC Markets | $200 | $200 |
| Blackbull Markets | $0 | $500 |
IC Markets and BlackBull Markets provide competitive trading conditions with varying minimum deposit requirements. BlackBull Markets offers a $0 minimum deposit, making it a viable option for new traders, while IC Markets has a $200 minimum deposit, which is also reasonable. Traders may want to evaluate their individual needs and preferences when deciding between these brokers.
Our Lower Minimum Deposit Verdict
Without any doubt, BlackBull Markets dominates in this category due to their lower minimum deposit.
So Is IC Markets or Blackbull Markets The Best Broker?
IC Markets takes the crown in this niche because it dominates almost in all key areas that traders value the most, such as spreads, fees, trading experience, product range, and more. The table below summarises the key information leading to this final verdict.
| Criteria | BlackBull Markets | IC Markets |
|---|---|---|
| Lowest Spreads And Fees | No | Yes |
| Better Trading Platform | Yes | Yes |
| Superior Accounts And Features | Yes | No |
| Best Trading Experience And Ease | No | Yes |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | Yes | No |
| Superior Customer Service | No | Yes |
| Better Funding Options | No | Yes |
| Lower Minimum Deposit | Yes | No |
BlackBull Markets: Best For Beginner Traders
With their superior educational resources available and user-friendly features, BlackBull Markets offers a more tailored experience for those just starting out in the trading world, a good option for beginner traders.
IC Markets: Best For Experienced Traders
For seasoned traders who prioritise a wide product range, low fees, and advanced trading tools, IC Markets stands out as the best choice for experienced traders.
FAQs Comparing Blackbull Markets Vs IC Markets
Does IC Markets or Blackbull Markets Have Lower Costs?
IC Markets generally offers lower costs compared to Blackbull Markets. This is particularly evident when comparing spreads across major currency pairs. For instance, IC Markets boasts some of the industry’s lowest spreads, often starting from 0.0 pips. For a more detailed breakdown of broker costs, you can refer to this comprehensive guide on Lowest Commission Brokers.
Which Broker Is Better For MetaTrader 4?
Both IC Markets and Blackbull Markets offer MetaTrader 4, one of the most popular trading platforms globally. However, IC Markets is often praised for its seamless integration and enhanced features on MT4. For traders specifically looking to utilise MT4, this list of the best MT4 brokers can provide further insights.
Which Broker Offers Social Trading?
IC Markets offers social trading features, allowing traders to copy strategies from experienced traders. Blackbull Markets, on the other hand, doesn’t have a prominent social trading platform. Social trading can be a game-changer, especially for new traders looking to learn from the best. For more on this, check out the guide on the best social trading platforms.
Does Either Broker Offer Spread Betting?
Neither IC Markets nor Blackbull Markets offer spread betting as a primary service. Spread betting is a unique form of trading popular in the UK, allowing traders to bet on the direction of market movements without owning the underlying asset. If you’re keen on spread betting, you might want to explore this list of the best spread betting brokers in the UK.
What Broker is Superior For Australian Forex Traders?
In my opinion, IC Markets stands out as the superior choice for Australian forex traders. Not only is IC Markets ASIC regulated, ensuring a high level of trust and security, but it’s also founded in Australia, making it a home-grown favourite. Blackbull Markets, on the other hand, is based overseas. Both brokers offer competitive features, but for those who value local regulation and support, IC Markets has the edge. For a broader perspective on the Best Forex Brokers In Australia, you can check out this comprehensive guide.
What Broker is Superior For UK Forex Traders?
For UK forex traders, I believe IC Markets offers a more comprehensive trading experience. While both brokers are FCA regulated, ensuring they adhere to stringent regulatory standards, IC Markets has a more established presence in the UK market. Blackbull Markets, though offering competitive features, is not founded in the UK. The UK forex market is vast, and choosing the right broker can make all the difference. For more insights on the best brokers in the UK, here’s a detailed guide to help you decide.
Article Sources
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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