Broker to Trading

These brokers each utilise pools of liquidity providers to find prices for traders, delivered on trading platforms utilising Equinix infrastructure for high speed order processing. Both offer MT4, MT5, cTrader and TradingView. BlackBull additionally provides the BlackBull Shares mobile app, with 26,000+ Stocks CFDs and the BlackBull Trade mobile app.

BlackBull has a lower minimum deposit ($0), but to access BlackBull's ECN trading account (versus its STP account), requires a higher minimum deposit than to access IC Markets's Raw Spread accounts ($2000 vs $200).

ECN trading conditions

Each can offer STP accounts which do not charge commissions and accounts which do, and utilise multiple liquidity.

Quick comparison

Both provide MT4 and MT5. BlackBull additionally offers TradingView and the BlackBull Shares app. BlackBull has more markets to trade, overall.

Minimum deposit and account types

The minimum deposit for BlackBull is $0. The minimum deposit for IC Markets is $200.

• BlackBull offers an ECN Standard account with a minimum deposit of $0 and an ECN Prime account with a minimum deposit of $2000. It has an Islamic account for each of these account types. BlackBull additionally provides a Shares Trading Account, to access its BlackBull Shares mobile app. BlackBull also offers an ECN Institutional account with a minimum deposit of $20,000. BlackBull's ECN Standard account does not have a commission charge, thus can offer higher spreads compared with its other accounts which charge commissions. BlackBull offers an FX Academy and Market Analysis on its site. BlackBull offers social and copy trading on ZuluTrade, Myfxbook and BlackBull CopyTrader. The minimum trade size is 0.01 lots.
• IC Markets offers the Standard, Raw Spread, Islamic (Swap Free) and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials and an economic calendar on its website. IC Markets provides ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
• IC Markets's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging and automated trading are allowed.

Markets

• BlackBull offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Options, with 26,000+ available.
• IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks, Soft Commodities, ETFs and Bonds, with 2500+ available.

BlackBull provides 35+ Forex pairs, IC Markets provides 60+ Forex pairs.

Spreads and leverage

• Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 0.8 for BlackBull and 0.6 for IC Markets.

Maximum leverage for BlackBull is 500:1. Maximum leverage for IC Markets (ASIC or CySEC regulated) is . Maximum leverage for IC Markets (FSA regulated) is 500:1.

Commissions

• BlackBull charges commission of $3 per lot per side on its ECN Prime account. For its ECN Institutional account, commissions are negotiable.
• IC Markets charges a commission of $3.50 per lot per side for the MT4 and MT5 Raw Spread accounts while the cTrader Raw Spread account charges a commission of $3 per 100,000 USD traded per side.

Online trading platforms

Both brokers provide MT4, MT5, cTrader and TradingView. BlackBull additionally provides its BlackBull Shares and BlackBull Trade mobile apps.

Why BlackBull or IC Markets ?

Traders who want to trade on MT4, MT5, cTrader or TradingView can do so at either broker. Traders who want to trade a large number of Stocks CFDs may do so at BlackBull which has 26,000+ on its mobile app.

Comparison summary

• Both offer CFD trading
• Each provides MT4, MT5, cTrader and TradingView
• Each allows automated trading and has copy trading
• BlackBull additionally offers its BlackBull Shares app, with 26,000+ Stocks CFDs