BlackBull Marketsvs
IC MarketsForex Broker Comparison
Two forex brokers clash over trust, pricing, and platform support. The contest centers on regulation reach, ECN pricing, and platform breadth.
Our Verdict
IC Markets winsClear Winner
IC Markets is the editorial winner with 4.7/5 versus BlackBull Markets 4.1/5.
IC Markets
4.7/5
BlackBull Markets
4.1/5
Key Differences
- 1IC Markets offers a compensation scheme; BlackBull Markets does not.
- 2IC Markets provides true ECN routing with 0.0 pip spreads.
- 3BlackBull Markets offers far more instruments (26,000 vs 2,200).
Who should choose BlackBull Markets vs IC Markets?
Find out which broker best suits your trader profile.
Choose BlackBull Markets if…
Choose BlackBull Markets if you want a $0 minimum deposit and access to a very large instrument universe.
Choose IC Markets if…
Choose IC Markets if you want true ECN pricing with 0.0 pip spreads and a compensation scheme.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It’s a tie
Both equally suited
Both brokers offer spreads from 0.00 pips.
Best for safety & regulation
Recommended
BlackBull Markets vs IC Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.6 / 5▲ |
BlackBull Markets vs IC Markets Forex Broker Pros & Cons
Pros
Supports all three major platforms: MT4, MT5, and cTrader
Regulated under FSC, well-established for offshore clients
No minimum deposit on standard account
Good for Asia-Pacific timezone traders
Regulated by top-tier authorities (FCA, ASIC, CySEC)
BlackBull Markets vs IC Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
BlackBull Markets
criteria wins
1
IC Markets
criteria win
Highlighted rows show where the two brokers differ
| Criteria | BlackBull Markets | IC Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
BlackBull Markets vs IC Markets: Frequently Asked Questions
IC Markets rates 4.7/5 versus 4.1/5 for BlackBull Markets. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both BlackBull Markets and IC Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
BlackBull Markets has no minimum deposit, while IC Markets requires at least $200. This makes BlackBull Markets more accessible for traders with limited starting capital.
Both BlackBull Markets and IC Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: BlackBull Markets has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
BlackBull Markets lists maximum leverage of 500:1, while IC Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
BlackBull Markets charges $6 per lot, lower than IC Markets's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
BlackBull Markets supports cTrader, MetaTrader 5, TradingView, DXtrade, MetaTrader 4, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and MetaTrader 5 and TradingView and MetaTrader 4. BlackBull Markets has exclusive access to DXtrade.
