image IC Markets VISIT IC MARKETS image Blackwell Global VISIT BLACKWELL GLOBAL image IG VISIT IG
About

IC Markets is regulated by ASIC. IC Markets have provided Forex trading services since 2007.

Blackwell Global is regulated by the Financial Conduct Authority. Blackwell Global have provided Forex, Spread betting, CFD trading services since 2010.

IG is regulated by the Financial Conduct Authority and ASIC. IG have provided forex, spread betting, CFD, and stock trading services since 1974.

Why choose them?
  • Yes Over 11 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 8 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 44 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters Sydney, Australia London, UK London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting No No Yes
Social Trading Yes No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 49 90
Commodities Offered 0 34
Stocks Offered 0 0 8000
Bitcoin No No Yes
Majors Yes Yes Yes
Indices No Yes Yes
US Stocks No No Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes Yes Yes
Dow Jones No Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs No No Yes
IPO No No Yes
See all instruments

Losses can exceed deposits

See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 Yes No No
MT4 Mac No Yes Yes
WebTrader Yes No Yes
Mirror Trader Yes No No
ZuluTrade Yes No No
Sirix No No No
cTrader Yes No No
PAMM No Yes No
Custom Platforms No INFINITUM ProRealTime & L2 Dealer

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes No
Available Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, and German

English, Spanish, German, and Portuguese

English, French, German, Spanish, and Portuguese

See platform & features

Losses can exceed deposits

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by IC Markets and Blackwell Global

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account No Yes No
Standard account Yes Yes Yes
ECN Account Yes No No
Islamic account Yes Yes No
Zero spread account Yes No No
VIP account No Yes Yes
Fixed spreads No Yes No
Variable spreads Yes Yes Yes
See account options

Losses can exceed deposits

See account options

71% of retail investor accounts lose money when trading CFDs with this provider.

See account options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes Yes Yes
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker No Yes No
Min trade 0.01 Lot 0.01 Lot £1
Max trade None 100 Lot Variable
Min deposit $200 $500 $250

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes Yes Yes
Signal trading Yes No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal Yes No Yes
Neteller Yes Yes No
Skrill Yes No No
Payment processing time Varies 1 business day Varies
Withdrawal processing time Varies 1 business day Varies
See all funding options

Losses can exceed deposits

See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

DETAILED INFO

Excluded countries US US BE,FR,IN,IL,PL,ZW
Contact email Send Email Send Email Send Email
phone number +44 800 014 8775 44 207 397 3778 44 20 7633 5300
Live Chat Yes Yes Yes
Website http://www.icmarkets.com/ http://www.blackwellglobal.com/ http://www.ig.com/
Forex Spreads
EUR/USD 0.00 0.20 0.60
GBP/USD 0.20 0.80 0.90
USD/JPY 0.10 0.20 0.70
AUD/USD 1.0 0.6
Cryptocurrency Spreads N/A 10
View all FX spreads

Losses can exceed deposits

View all FX spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

View all FX spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

INDICE SPREADS
Dax 30 N/A 1.0
Nasdaq 100 N/A 1.0
Euro Stoxx 50 N/A 1.5
ASX 200 1.0
S&P 500 N/A 0.4
FTSE 100 N/A 1.0
Google N/A 1 to 20
Facebook N/A 4 points per side
View all spreads

Losses can exceed deposits

View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

FEES

Inactivity Fee No No Yes
Commission Yes No Yes (0.1%)
Deposit Fee Varies No Varies
Withdrawal Fee No Yes No
View All Fees

Losses can exceed deposits

View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

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Last update

All information collected from http://www.icmarkets.com/. Last updated on 01/06/2019.

All information collected from http://www.blackwellglobal.com/. Last updated on 01/06/2019.

All information collected from http://www.ig.com/. Last updated on 01/06/2019.

Company

IC Markets is an online forex trading service provider who are regulated by the ASIC. To open an account with IC Markets, minimum deposits start from $200.
With IC Markets you can trade Forex, indices, commodities and CFDs. If you like to trade on the go, IC Markets have iPhone, iPad and Android apps so you can trade from anywhere on your phone.
IC Markets offer MetaTrader 4, MetaTrader 4 iPhone, MetaTrader 4 Android, MetaTrader 4 Apple Mac, cTrader, cTrader Web, cTrader Mobile, cTrader cAlgo, cMirror, MetaTrader 5, MAM/PAMM, Myfxbook Autotrade, FIX API, Trading Servers, ZuluTrade, Signal Trader, Web Trader platforms to make your trades and support 91 different languages.
They also offer traders a micro account for traders who want to start with smaller accounts. The spreads offered by IC Markets for the most popular instruments are: 1 EUR/USD, 1 FTSE 100, 42 GOLD,1 GBP/USD, 1 DOW/JONES, 0.04 Crude Oil, see all the spreads here.

For more information about trading with IC Markets, we have put together an indepth IC Markets review with all the pros and cons about this broker.

Blackwell Global is an online forex trading service provider who are regulated by the Australian Securities and Investments Commission, Financial Market Authority, CySEC. To open an account with Blackwell Global, minimum deposits start from $2,000.

With Blackwell Global you can trade Forex, precious metals, and CFDs. If you like to trade on the go, Blackwell Global have iPhone and Android apps so you can trade from anywhere on your phone.

Blackwell Global offer Blackwell Trader MT4, Mobile Trading, Web Trader, MT4 MultiTerminal, Blackwell Trader Pro platforms to make your trades and support 10 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by Blackwell Global for the most popular instruments are:
2.2 EUR/USD, 3.0 FTSE 100, 0.38 GOLD,
2.8 GBP/USD, 10.0 DOW/JONES, 0.05 Crude Oil,
see all the spreads here.

Founded in 1974, IG are one of the largest and most respected brokers in the world. With over 125,000 traders, low margins and spreads, and a range of platforms, they're a popular choice for traders looking for a reputable broker that also offers a good range of markets and trading options.

IG are also one of the few brokers that offer experienced traders the chance to upgrade to an elective professional status. For more information about trading with IG, we have put together an indepth IG review with all the pros and cons about this broker.

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IC Markets or Blackwell Global?

ECN execution or low spreads?

If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), IC Markets is likely the better choice. However, if you want a broker with lower spreads on currency pairs like EUR/USD, Blackwell Global may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider IC Markets and Blackwell Global to be equally reliable. We’ve broken down why below:

Who are they regulated by?

IC Markets is regulated by ASIC, while Blackwell Global is regulated by Financial Conduct Authority.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Blackwell Global will have very strict guidelines to follow to ensure they protect their retail trader clients.

IG are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

IC Markets has been around for 12 years, while Blackwell Global have been around for 9 years. Our third alternative broker, IG, have been around for 45 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both IC Markets and Blackwell Global use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on IC Markets or Blackwell Global in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both IC Markets and Blackwell Global are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

IC Markets are based in Sydney, Australia, while Blackwell Global are based in London, UK.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both IC Markets and Blackwell Global offer forex trading. Blackwell Global have a slightly larger variety of currency pairs with 49 pairs, compared to offered by IC Markets. Also, if you’re looking to trade cryptocurrencies,

If you’re looking to trade commodities like gold, silver or oil, IC Markets may be a better fit as Blackwell Global does not offer commodity trading.

IC Markets also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both IC Markets and Blackwell Global offer this. IC Markets also offer the new & improved MT5 platform. Our alternative broker, IG, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Blackwell Global, for example, offer a mini account, standard account and VIP account.

For Muslim traders, IC Markets offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

IC Markets does allow scalping and hedging. While Blackwell Global also allows scalping and hedging. You can trade with EAs (expert advisors) on both IC Markets and Blackwell Global.

In terms of risk management tools, neither IC Markets or Blackwell Global offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

IC Markets also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

IC Markets accept Paypal while Blackwell Global accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, IC Markets charges 0.00 points, while Blackwell Global charges 0.20 points. Therefore, IC Markets is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: IC Markets or Blackwell Global?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Blackwell Global is more reliable based on our criteria above. Blackwell Global has a wider range of instruments to trade. Blackwell Global offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.