IG and BlackBull Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. IG is regulated by 9 regulatory authorities, including ASIC, FCA, JFSA, SFC (Hongkong), FSCA, MAS, FMA, GmbH, FINMA. On the other hand, BlackBull Markets is regulated by one tier-1 and one tier-4, including FMA and FSA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare IG with BlackBull Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if IG is better than BlackBull. This comparison lets you understand which broker is better for your trading style and preferences.
IG vs BlackBull Markets: In a Nutshell
IG
Founded in 1974 as IG Index by British financier Stuart Wheeler, IG is a well-known forex and CFD broker. Based in the United Kingdom, IG offers online trading services, including spread betting and CFD trading. It provides access to over 100 forex currency pairs, CFDs, commodities, stocks, indices, gold, silver, oil, bitcoin, and other cryptocurrencies for personal investment and trading. As of 2021, IG had a market value of £2.9 billion and offered trading in 17,000 investment markets. Regulated by the Financial Conduct Authority (FCA), IG is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. To know more, read our review about IG.
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BlackBull Markets
Founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman, BlackBull is a forex and CFD broker that enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Social trading is through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided. To learn more about Blackbull Markets, you can read our review where we have covered features, pros, cons, and more.
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IG vs : BlackBull Markets Features
IG
- Trading Instruments: 17,000+ trading instruments including forex, indices, cryptocurrencies, shares, commodities, bonds, options, etc
- Maximum leverage: 30:1 to 200:1 ( dependent on Jurisdiction and Tradable assets)
- Minimum Deposit: No Minimum Deposit. However, the Minimum requires $250 if traders use credit/debit cards or PayPal
- Account Types: Ig Offers couple of account types including Standard Accounts, Limited Risk Accounts, Spread Betting Accounts, Options Trading Accounts, Turbo24 Accounts, Share Dealing Accounts, Professional Accounts, etc
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Black Bull Markets:
- Trading Instruments: 26000+Trading instruments including
- Forex, Commodities (Energies, Metals), Equities, Indices, Metals, Futures (Agriculture, energies, Indices, others), and Cryptocurrencies
- Maximum leverage: up to 1:500
- Minimum Deposit: Minimum deposit is as low as $0
- Account Types: Three ( ECN Standard, ECN Prime, ECN Institutional)
- Trading fees (spreads and commissions): Depends on account types. The minimum spread is 0.0 pips for the ECN Institutional account, US$6.00 per lot for the ECN Prime account, and $0 per lot for the ECN Standard account.
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
IG vs BlackBull Markets: Pros and Cons
IG Pros & Cons
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BlackBull Markets Pros & Cons
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IG vs BlackBull Markets: Side-by-Side Comparison
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IG Vs BlackBull Markets: Our Scores and Ratings
We rated both brokers, IG and BlackBull Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
IG:
BlackBull Markets
Final Verdict :
IG and BlackBull are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, the minimum deposit for IG is $0., whereas the minimum deposit for BlackBull is $0 for ECN Standard, $2000 for ECN Prime, $20000 for ECN Institutional Account. Additionally, the maximum leverage for IG is 1:200. In contrast, the maximum leverage for BlackBull is 1:500.
Our score for IG is 9, and for BlackBull, it is 8.2 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose IG. However, if you prefer another forex brokers that offer similar services, you may choose BlackBull.
