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IC Markets vs BlackBull Markets

IC Markets or BlackBull Markets – which is better for UK traders 2025? Compare IC Markets and BlackBull Markets in this detailed breakdown of their platforms, features and fees.

IC Markets vs BlackBull Markets Comparison Table 2025
IC Markets	BlackBull Markets

4.8	3.7
IC Markets is ranked #5 among CFD brokers.	BlackBull Markets is ranked #14 among CFD brokers.
Review	Review
IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations.	BlackBull, a New Zealand-based CFD broker, offers a wide range of trading options across more than 26,000 instruments. Following a 2023 rebrand, it boasts a contemporary design and provides advanced trading tools along with ultra-fast execution speeds, averaging 20ms.
Pros
IC Markets provides some of the industry's narrowest spreads, offering 0.0-pip spreads on major currency pairs. This makes it an extremely cost-effective choice for traders. As a well-regulated and reputable broker, IC Markets focuses on client safety and transparency to provide a dependable global trading experience. In 2025, IC Markets earned DayTrading.com's accolade for 'Best MT4/MT5 Broker' due to its top-tier MetaTrader integration. This achievement highlights the broker's continuous refinement over the years to enhance the platform experience. IC Markets provides reliable 24/5 support, especially for account and funding queries, drawing from direct experience. Access over 2,250 CFDs across diverse markets like forex, commodities, indices, shares, bonds, and cryptocurrencies. This variety enables traders to employ diversified strategies.	BlackBull provides everything a trader needs: execution speeds under 100ms, leverage as high as 1:500, and competitive spreads starting at 0.0 pips. BlackBulls's research excels, particularly in the daily 'Trading Opportunities' articles. These publications simplify complex market dynamics into clear insights, enabling traders to effectively capitalise on emerging trends. After collaborating with ZuluTrade and Myfxbook and refining its CopyTrader, BlackBull now provides an exceptionally comprehensive trading experience. BlackBull provides three ECN-powered accounts—Standard, Prime, and Institutional—to cater to traders of all experience levels, from novices to seasoned professionals. The variety of account types allows for flexible options tailored to individual trading needs and available capital.
Cons
IC Markets provides metals and cryptocurrencies for trading through CFDs, though the selection is narrower compared to brokers such as eToro. This limits opportunities for traders focused on these asset classes. The tutorials, webinars, and educational resources require enhancement, lagging behind competitors such as CMC Markets, which diminishes their appeal to novice traders. Certain withdrawal methods incur fees, including a $20 charge for wire transfers. These costs can reduce profits, particularly with frequent withdrawals. Although there are four top-tier third-party platforms available, the absence of in-house software or a trading app tailored for novice traders is notable. Interest is not paid on idle cash, a feature gaining popularity with alternatives such as Interactive Brokers.	Despite an expanding range of over 26,000 assets, including new additions to Asia Pacific indices, their offerings are primarily equities. The selection of currency pairs and indices remains average. Unlike many leading brokers, BlackBull imposes a bothersome $5 fee for withdrawals. This charge can reduce the overall cost-effectiveness, particularly for traders who regularly transfer funds. Despite enhancements such as webinars and tutorials in the Education Hub, our review indicates that the courses still require greater emphasis on elucidating broader economic factors affecting prices. BlackBull does not offer its own trading platform, instead utilising MetaTrader, cTrader, and TradingView. Although these platforms are highly regarded, some brokers, such as eToro, provide proprietary platforms with distinct features that cater well to novice traders.
Awards
Best MT4/MT5 Broker 2025 - DayTrading.com Best MT4/MT5 Broker 2023 - DayTrading.com Best Forex Broker 2022 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Trading App 2020 - DayTrading.com	Fast 50 Index (multiple years) - Deloitte Best Global FX Broker 2022 - Forex Expo Dubai Fastest Growing Exporter for Auckland 2018 - Westpac Auckland Business Awards
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto	CFDs, Stocks, Indices, Commodities, Futures, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$200	$0
Payment Methods
Credit Cards Klarna Mastercard Neteller PayPal Rapid Transfer SafeCharge Skrill Swift Visa Wire Transfer	Credit Cards Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, CySEC, FSA, CMA	FMA, FSA
Mobile Apps
iOS & Android	iOS & Android
Trading App
IC Markets provide mobile apps for their cTrader, MT4, MT5, and TradingView platforms. Developed separately for Android and iOS, these apps leverage each system's unique capabilities. Featuring raw pricing and spreads from 0.0, they offer superb tools for every trader level. What truly distinguishes them is maintaining IC Markets’ renowned rapid execution speed within the apps. This ensures a professional and highly responsive trading experience.	BlackBull delivers a comprehensive mobile trading ecosystem. It provides traders with excellent charting tools and impressive execution speeds of less than 100ms. Options include MT4, MT5, cTrader, and TradingView apps, accommodating varied preferences.
iOS App Rating
3.1	3.7
Android App Rating
4.2	3.7
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	Yes
cTrader
Yes	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	Yes
Autochartist
No	Yes
eSignal
No	No
Trading Central
Yes	No
STP Account
No	No
ECN Account
Yes	Yes
DMA Account
Yes	No
MAM Account
Yes	Yes
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade	Expert Advisors (EAs) on MetaTrader, cTrader Automate
Copy Trading
Yes	Yes
Copy Trading Platform
Introduced in February 2023, the IC Social app provides an easy platform for learning, sharing, and replicating the trades of other traders with minimal effort. The app also includes risk management features and supports specialised trading groups. Alternatively, IC Markets offers access to Signal Start and popular third-party copy trading platforms like ZuluTrade and cTrader Copy.	Blackbull excels with its extensive array of trading solutions, featuring options like CopyTrader, HokoCloud, DupliTrade, and Myfxbook. User-friendly dashboards display detailed metrics to evaluate strategy providers, including annual and percentage returns. This contributes to its reputation as a leading provider of inclusive trading packages available today.
Social Trading
Yes	Yes
Trade Signals
Signal Start	BlackBull Research stock recommendation service
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD JPY CHF HKD SGD	USD EUR GBP CAD AUD NZD JPY ZAR SGD
Commodities
Gold Oil Silver Orange Juice Cocoa Coffee Corn Soybeans Sugar Wheat Natural Gas	Gold Silver Oil Gasoline Cocoa Wheat Corn Sugar Coffee Natural Gas Platinum Palladium Copper Aluminium Lead Zinc
CFD
Trade over 2,250 CFDs anytime from Monday to Friday across key markets, including forex, commodities, indices, stocks, and bonds. IC Markets leverages deep liquidity and cutting-edge bridge technology to offer ideal trading conditions for scalpers, hedgers, and algorithmic traders.	BlackBull stands out for CFD traders with leverage up to 1:500 and competitive spreads starting at 0.0 pips. It boasts round-the-clock support, which proved outstanding in tests, instilling confidence for traders in dynamic markets.
Leverage
1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)	1:500
FTSE Spread
1.0	1.5
GBPUSD Spread<
0.23	0.5
Oil Spread
0.03	1.5
Stocks Spread
0.02	Variable
Forex
IC Markets remains dedicated to offering tight 0.0-pip spreads on major currency pairs like EUR/USD, ensuring outstanding execution with an average speed of 35 milliseconds. Ideal for traders seeking high performance, those dealing in large volumes can also enjoy rebates of up to $2.50 per forex lot.	BlackBull provides 64 currency pairs with competitive pricing via its ECN accounts. The Standard account offers commission-free spreads starting at 0.8 pips. BlackBull's swift execution is also available on MT4, the leading platform among active forex traders.
Assets
75	64
GBPUSD Spread
0.23	0.5
EURUSD Spread
0.02	0.3
EURGBP Spread
0.27	0.8
Cryptocurrency
IC Markets provides a range of over 20 cryptocurrencies for trading through CFDs, featuring less common tokens like Avalanche, Kusama, and Uniswap. Traders can enjoy commission-free transactions and experienced individuals can utilise high leverage up to 1:200 via the MetaTrader platforms.	BlackBull facilitates short-term trading on 11 cryptocurrencies, such as Bitcoin and Ethereum, with leverage of up to 1:5. Cryptos are traded against USD. The broker's 'Daily Opportunities' provide exceptional insights into emerging cryptocurrency trends.
Spread
BTC 42.036	245
Coins
BTC BCH DOT DSH EMC EOS ETH LNK LTC NMC PPC XLM XRP ADA BNB DOG UNI XTZ	BTC ETH XRP LTC ADA POLY XFET XINJ XNAKA XAX XCOTI
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

IC Markets	BlackBull Markets
Review	Review
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