Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs IUX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BlackBull Markets, founded in 2014, and IUX, established in 2016, are two online brokers that offer trading services but differ significantly in their regulatory credentials. BlackBull Markets holds a Tier-1 license, which is highly regarded by ForexBrokers.com, contributing to its Trust Score rating of 78 out of 99, indicating an average risk level. In contrast, IUX, which holds a Tier-2 license, has a Trust Score of 69, categorizing it as a high-risk broker. Neither of these brokers is publicly traded or operates as a bank.
When it comes to trust and regulation, BlackBull Markets appears more appealing with its higher trust score and Tier-1 license, essential factors for traders prioritizing safety and transparency. Despite both brokers having their foundations in different years and regulatory landscapes, it's clear that BlackBull Markets sets a higher standard in terms of regulatory assurance compared to IUX. Investors seeking to minimize risk might find BlackBull Markets a more suitable option for their trading needs.
| Feature |
BlackBull Markets
|
IUX
|
|---|---|---|
| Year Founded | 2014 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
BlackBull Markets and IUX offer various account options to cater to different trading needs, with key differences in their commissions and fees. At BlackBull Markets, trading costs are about average for the industry and vary by account type. The Prime account stands out by offering the lowest spreads, with an average spread of 0.16 on the EUR/USD pair and a commission of $6 per 10,000 traded. While it requires a $2,000 minimum deposit, it provides better value compared to the commission-free Standard account that has higher spreads. For more active traders, the ECN Institutional account requires a $20,000 deposit and has the lowest commission rate at $4 per round turn. BlackBull Markets is rated 4.5 stars, ranking 18th out of 63 brokers for commissions and fees according to ForexBrokers.com.
In comparison, IUX's pricing structure also varies based on account type, aimed at different trader profiles. The Standard and Standard+ accounts require a low minimum deposit of $10, with the Standard account offering the lower spreads but no promotional bonuses. For active traders, the Raw account offers the lowest spreads at the cost of a $6 commission per standard lot, whereas the Pro account boasts low spreads without an added commission, making it a noteworthy option. IUX lists average spreads of 0.7 pips on its Pro account and 0.9 pips on its Standard account. With a rating of 4 stars, IUX ranks 49th out of 63 brokers for commissions and fees.
When evaluating BlackBull Markets and IUX for commissions and fees, the decision largely depends on the trader’s preferences regarding spreads, commissions, and initial deposit requirements. BlackBull Markets tends to favor traders willing to make higher deposits in exchange for lower spreads and commissions. Meanwhile, IUX provides more economical entry points for budget-conscious traders or those looking to take advantage of promotional bonuses, with competitive spreads making its Pro account a potential option for those wanting to focus on spread-based trading. Consider each broker's star rating and ranking as a part of the decision-making process in choosing the best broker for your trading needs.
| Feature |
BlackBull Markets
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average Spread EUR/USD - Standard | 0.71 | 0.9 |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing BlackBull Markets and IUX in terms of their investment offerings, BlackBull Markets shines with an impressive catalog of 26,000 tradeable symbols, while IUX offers significantly fewer, at 152. Both brokers provide forex trading through CFDs or spot contracts, but BlackBull Markets offers a larger selection with 72 tradeable forex pairs compared to IUX's 34. A notable advantage of BlackBull Markets is its ability to provide clients access to exchange-traded securities on both U.S. and international exchanges, allowing investors to purchase shares like Apple and Vodafone directly. In contrast, IUX only gives access to international exchange-traded securities.
Moreover, BlackBull Markets supports copy trading, a feature not available with IUX. Both brokers handle cryptocurrency derivatives but do not facilitate the purchase of actual cryptocurrencies. In terms of range, BlackBull Markets clearly leads, earning a 5-star rating and ranking sixth among 63 brokers evaluated by ForexBrokers.com. Meanwhile, IUX receives a 3.5-star rating and ranks 60th in the same category, reflecting a more limited investment range compared to its counterpart.
| Feature |
BlackBull Markets
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 152 |
| Forex Pairs (Total) | 72 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing BlackBull Markets and IUX based on their trading platforms and tools, both brokers offer a virtual demo account, allowing users to practice trading without risk. BlackBull Markets leverages third-party platforms such as MetaTrader 4 and MetaTrader 5, while IUX has developed its own proprietary platform. Both brokers support trading on Windows-based desktops and web browsers, ensuring flexibility across devices for their users. Notably, BlackBull Markets provides the option for copy trading and integrates with ZuluTrade, while IUX does not offer these features.
BlackBull Markets stands out with its offering of MetaTrader 4, in addition to Metatrader 5, which is also supported by IUX. While BlackBull Markets provides 60 drawing tools for charting, IUX surpasses this with 89 tools, enhancing technical analysis capabilities. Although both brokers enable trading directly from stock charts, IUX offers a more extensive watchlist with 46 columns, compared to BlackBull Markets' 6 columns. Overall, BlackBull Markets is rated 4 stars for its trading platforms and tools, ranking 29 out of 63 brokers, while IUX receives a 3.5-star rating and ranks 59th, according to ForexBrokers.com.
| Feature |
BlackBull Markets
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 106 |
| Charting - Drawing Tools (Total) | 60 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of BlackBull Markets and IUX, both brokers provide apps for iPhone and Android users. BlackBull Markets takes a lead with features like stock and forex price alerts, as well as watchlist symbol syncing, which allows seamless updates between the app and online accounts. In contrast, IUX lacks these functions. BlackBull Markets also supports drawing trendlines on charts, offering greater flexibility for traders.
IUX surpasses BlackBull Markets in charting with 106 technical studies, compared to BlackBull's 30. Both apps allow traders to assess multiple time frames and automatically save chart drawings. They also support creating watchlists with real-time quotes. However, user ratings favor BlackBull Markets with a 4-star rating compared to IUX's 3.5 stars. Additionally, BlackBull ranks higher at #31 for mobile trading apps according to ForexBrokers.com, compared to IUX's position at #60.
| Feature |
BlackBull Markets
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
In comparing the online brokers BlackBull Markets and IUX, it's clear that BlackBull Markets excels in providing daily market insights, a feature that is absent in IUX. BlackBull Markets also supports traders with advanced tools like Autochartist and allows access to sentiment-based trading insights, which can offer traders a better understanding of market trends. Unfortunately, neither broker offers forex news from leading sources such as Bloomberg, nor do they provide tools from Trading Central or research from Acuity Trading. While both brokers feature economic calendars displaying global news events, BlackBull Markets clearly stands out with a higher research rating, receiving 4 stars compared to IUX's 3 stars.
BlackBull Markets' commitment to research is further solidified by its impressive ranking as the 18th top broker in the Research category out of 63 brokers according to ForexBrokers.com. This ranking reflects the broker's dedication to providing valuable market insights and resources, a stark contrast to IUX's position at 59th place. While IUX provides some basic offerings, those seeking comprehensive market research tools and insights will find BlackBull Markets a more fitting choice.
| Feature |
BlackBull Markets
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to the educational resources available for beginners, BlackBull Markets sets itself apart from IUX by offering a range of materials tailored to new traders. BlackBull Markets provides a wide selection of over ten educational pieces focused on forex and CFDs, ensuring beginners have ample information to get started. The broker also hosts regular monthly webinars, allowing clients to gain insights directly from experts, and offers an archive of past webinars for on-demand learning. This comprehensive approach includes beginner-specific videos and a handy investor dictionary, making it easier for newcomers to familiarize themselves with trading terms.
On the other hand, while IUX does provide beginner educational videos, it lacks the breadth of educational materials found at BlackBull Markets. IUX does not offer the same level of support through webinars or archived content, and it misses out on providing educational resources for advanced traders. Additionally, the absence of an investor dictionary means beginners won’t have quick access to essential trading definitions. These differences are reflected in their ratings and rankings, with BlackBull Markets earning a higher overall education rating of four stars compared to IUX's three stars, and ranking 29th out of 63 brokers, well above IUX’s 59th place.
| Feature |
BlackBull Markets
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than IUX. BlackBull Markets finished with an overall rank of #24, while IUX finished with an overall rank of #63.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 69 |
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While both BlackBull Markets and IUX do not provide the option to purchase actual cryptocurrencies, they each offer the ability to trade cryptocurrency derivatives, allowing investors to participate in the market without owning the underlying digital assets.
Both BlackBull Markets and IUX do not support ACH or SEPA transfers, nor do they offer PayPal for deposit or withdrawal options, but they both provide support for Skrill, Visa or Mastercard, and bank wire transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | BlackBull Markets | IUX | |
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| Trust Score | 78 | 69 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | IUX | |
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| Regulation | BlackBull Markets | IUX | |
|---|---|---|---|
| Trust Score | 78 | 69 | |
| Year Founded | 2014 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 152 | |
| Forex Pairs (Total) | 72 | 34 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | BlackBull Markets | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | BlackBull Markets | IUX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 46 | |
| Charting - Indicators / Studies (Total) | 109 | 106 | |
| Charting - Drawing Tools (Total) | 60 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | BlackBull Markets | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | BlackBull Markets | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BlackBull Markets | IUX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | BlackBull Markets Review |
| Overall | BlackBull Markets | IUX | |
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| Trust Score | 78 | 69 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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