BlackBull Marketsvs
CMC MarketsStock Broker Comparison
Two brokers compete on stock access and platform depth. BlackBull Markets emphasizes broad share CFD access and DMA via IRESS, while CMC Markets leans on Next Generation tools and regulation.
Our Verdict
CMC Markets winsby 0.3 pts
CMC Markets edges BlackBull Markets with an editorial score of 4.0 to 3.7, driven by broader regulation and tools.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1CMC uses a proprietary Next Generation platform
- 2IRESS DMA access is available only with BlackBull Markets
- 3CMC offers a formal compensation scheme; BlackBull Markets does not
Who should choose BlackBull Markets vs CMC Markets?
Find out which stock broker best suits your investing profile.
Choose BlackBull Markets if…
Choose BlackBull Markets if you value genuine DMA access via IRESS and broad platform coverage.
Choose CMC Markets if…
Choose CMC Markets if you want a Next Generation platform with a stock screener and broader regulation.
Verdict by Trader Profile
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Best for safety & regulation
Recommended
CMC Markets wins; it has broader regulators and a formal compensation scheme.
Best for active traders
Recommended
BlackBull Markets vs CMC Markets: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 3.7/ 5 | 4.0/ 5 |
| Min deposit | No minimum | No minimum |
| Spreads from | 0 pips▼ lower | 0.7 pips |
| Commission / lot | $6/lot | N/A |
BlackBull Markets vs CMC Markets Stock Broker Pros & Cons
Pros
- 23,000+ share CFDs, one of the widest stock selections among ECN-adjacent brokers
- IRESS provides genuine DMA access to equity markets with Level II depth
- Five platforms (MT4, MT5, cTrader, TradingView, IRESS), broadest platform coverage
- FMA (New Zealand) regulated with strict client money segregation
Cons
- FMA lacks a formal investor compensation scheme equivalent to FSCS or CySEC
BlackBull Markets vs CMC 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
3
CMC Markets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | BlackBull Markets | CMC Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Fail | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Fail |
| Extended hours trading | Fail | Fail |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Fail | Pass |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
BlackBull Markets vs CMC Markets: Frequently Asked Questions
The scores are close: BlackBull Markets rates 3.7/5 and CMC Markets rates 4/5. CMC Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
BlackBull Markets lists tighter spreads from 0, compared with CMC Markets's 0.7. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
Neither BlackBull Markets nor CMC Markets requires a minimum deposit, making both accessible regardless of starting capital.
Both BlackBull Markets and CMC 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
BlackBull Markets lists maximum leverage of 20:1, while CMC Markets lists up to 20:1. 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 trade on commission-based accounts. Commission details for CMC Markets are not currently available. Check their website for up-to-date pricing. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
BlackBull Markets supports cTrader, MetaTrader 5, TradingView, DXtrade, MetaTrader 4, while CMC Markets supports ProRealTime, Proprietary Web/Mobile, MetaTrader 4. Both provide MetaTrader 4. BlackBull Markets has exclusive access to cTrader and MetaTrader 5 and TradingView and DXtrade. CMC Markets has exclusive access to ProRealTime and Proprietary Web/Mobile.
Neither BlackBull Markets nor CMC Markets is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
CMC Markets scores higher on investor protection criteria, with compensation scheme coverage and segregated client funds. For stock investors, confirming compensation scheme coverage ensures your assets are protected up to a defined limit if the broker becomes insolvent.
