The BlackBull Markets vs IC Markets: Which Is Better?
A side-by-side look at regulation, trading conditions, and fees for BlackBull Markets and IC Markets, pulled from the same data as their individual reviews.
Key Differences
- • IC Markets holds the higher overall rating: 9.6/10 vs 9/10 for BlackBull Markets.
- • BlackBull Markets has the lower minimum deposit: $0 vs $200 at IC Markets.
- • IC Markets is regulated by more authorities: ASIC, CySEC, FSA, SCB vs FMA, FSA for BlackBull Markets.
- • Risk tier: BlackBull Markets is Tier B, IC Markets is Tier A.
Overview
Rating
9/10
9.6/10
Trustpilot
4.5/5 · 3,400+ reviews
4.8/5 · 55,000+ reviews
WikiFX Score
Good / Active
High / Validated
Best For
Institutional raw spreads & low latency
Algorithmic trading, EAs & Scalping
Regulators
FMA, FSA
ASIC, CySEC, FSA, SCB
Terms & Fees
Min Deposit
$0
$200
Max Leverage
1:500
1:5000
Spreads From
0.1 Pips
0.02 Pips
Execution Model
True ECN / No Dealing Desk (NDD)
ECN/STP (No Dealing Desk) — aggregates ~25 liquidity providers
Commission
Prime Account: $6.00 round trip per lot
Raw Account: $3.50 per lot per side ($7.00 round trip); Standard: $0
Swap / Islamic
Islamic accounts available upon request
Highly competitive; Islamic (Swap-Free) accounts available for qualifying residents
Platforms
MT4, MT5, cTrader, TradingView
MT4, MT5, cTrader, TradingView
Crypto Deposits
Yes
Yes
Pros
What's good
- + True ECN / NDD institutional execution
- + Rapid live webchat support
- + Equinix NY4 integration for low-latency
- + Zero non-trading fees
- + Swap-free accounts available
Cons
Watch out for
- – Fixed $5 withdrawal fee
- – Lacks FCA/ASIC multi-licenses
- – Stringent KYC/AML bottlenecks
- – No US/Canada/Japan clients