BlackBull Markets vs IC Markets - Broker Comparison April 2026
Head-to-head comparison of BlackBull Markets and IC Markets. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed April 2026.
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BlackBull Markets
Trade with an award-winning True ECN broker
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IC Markets
True ECN Forex & CFD Broker — Raw Spreads from 0.0 Pips
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| Overview | ||
| Trustpilot Rating | 4.7 | 4.8 |
| Trustpilot Reviews | 3,290 | 53,279 |
| Headquarters | New Zealand | Australia |
| Founded | 2014 | 2007 |
| Best For | Algo Trading Copy Trading Day Trading High Leverage Low Deposit Low Spreads Scalping Swing Trading News Trading Hedging Zero Spread No Commission Professional | Low Spreads ECN Trading Scalping Algo Trading High-Volume Copy Trading Day Trading High Leverage Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | FMA (New Zealand) FSA (Seychelles) | ASIC (Australia) CySEC (Cyprus) FSA (Seychelles) SCB (Bahamas) CMA (Kenya) FSCA (South Africa) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | FSCL (Financial Services Complaints Limited) dispute resolution scheme in New Zealand. No FSCS or ICF coverage. Seychelles entity has no investor compensation fund. | Up to €20,000 under CySEC ICF for EU clients |
| Trading Costs | ||
| Min Spread | 0.0 pips (Prime/Institutional), 0.8 pips (Standard) | From 0.0 pips (Raw Spread), From 0.8 pips (Standard) |
| Commission | $0 (Standard), $6/lot RT (Prime), $4/lot RT (Institutional) | $3.50/lot/side (Raw Spread MT), $3/100K (cTrader Raw), None (Standard) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | None |
| Deposit/Withdrawal Fees | Deposits free. Withdrawals $5 flat fee for bank wire and cards. E-wallet fees vary. | No deposit or withdrawal fees. Bank wire may incur intermediary charges |
| Trading Conditions | ||
| Max Leverage | 1:500 (Global) | 1:1000 (Global), 1:500 (Bahamas), 1:30 (EU/AU retail) |
| Min Deposit | $0 (Standard/Prime), $20000 (Institutional) | $200 |
| Execution Type | ECN | ECN |
| Stop Out Level | 50% | 50% |
| Margin Call Level | 70% | 100% |
| Instruments | 70 Forex 1800+ Stocks 16 Indices 10 Commodities 9 Metals 3 Energies 20 Crypto ETFs Futures | 61 Forex 2100+ Stocks 25 Indices 19 Commodities 6 Metals 3 Energies 21 Crypto 9 Bonds 5 Futures |
| Currency Pairs | 70 | 61 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView | MetaTrader 4 MetaTrader 5 cTrader TradingView |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes |
| Education | Video Tutorials Webinars Trading Academy eBooks Economic Calendar Market Analysis Podcasts Autochartist | Webinars Video Tutorials Trading Guides Market Analysis IC Your Trade Podcast |
| Account & Support | ||
| Account Types | Standard Prime Institutional Islamic Demo | Standard Raw Spread cTrader Raw Islamic Demo |
| Payment Methods | Credit/Debit Cards (Visa Mastercard AMEX) Bank Wire Skrill Neteller UnionPay Crypto (Bitcoin Ethereum) FasaPay Apple Pay Google Pay | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay FasaPay Crypto (BTC) |
| Withdrawal Speed | 1-2 Days (e-wallets under 24 hours, bank wire 1-3 business days) | Same day (e-wallets), 1-3 days (cards), 3-5 days (bank wire) |
| Support Hours | 24/5 Live Chat, Email, Phone, WhatsApp | 24/7 Live Chat, Email, Phone |
BlackBull Markets
IC Markets