Operating from their Auckland, New Zealand office, the support team is well-equipped with expert trading knowledge, ready to provide quality answers to client enquiries. A downside to BlackBull Markets is a $5 withdrawal fee for all payement methods. As shown in the table, processing times and minimum withdrawals vary between methods. A diverse range of funding methods are available, including Visa and Mastercard debit and credit cards, e-wallets like Neteller, Skrill, and PayPal, and crypto such as Bitcoin or Ethereum.
BlackBull Markets Product Offering
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
Spreads and Broker Costs
Prime and institutional accounts are charged a commission of $6 and $4 respectively, while standard accounts are not charged commision. It doesn’t matter what your investment size is, all clients get an institutional level of treatment, regardless of your background. They are constantly furthering and bettering their brokerage service to the benefit of their clients. If you are still unsure whether they are a suitable option, you could always open a demo account and download the MT4/MT5 platform to see if they meet your expectations. The BlackBull Markets platforms and technologies are amongst the best in the industry and in place to make sure that clients can retain and grow their competitive edge in the global markets. I would not hesitate to trade with them, especially considering they operate in a regulated environment.
Setting Up An Account
- Although 20 different payment methods are offered, availability varies depending on your location.
- This means that there is no conflict of interest between us traders and the broker.
- It also has trading servers in Tokyo, London, Shanghai, New York and Hong Kong.
- Dive into our comprehensive review of CFT’s trading challenges, capital access up to $200,000 in virtual funds…
If your BlackBull Markets account is inactive for a lengthy period (often three months or more), you may be charged an inactivity fee. The BlackBull Markets website lets you compute an estimated overnight cost for your trades. BlackBull Markets takes customer security seriously and employs many safeguards to protect funds and personal information. Clicking on Live Account on the homepage of BlackBull Markets opens the four-step online application process.
Deposit and Withdrawal Methods
While BlackBull provides valuable research content, its educational resources are somewhat limited in scope. Compared to the industry average, BlackBull offers an average amount of FX pairs and commodities, and a high number of share CFDs, indices, and cryptocurrencies. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10 for each account. I also appreciated BlackBull Markets for providing abundant information about its various costs and contract specifications.
The videos have depth and cover both fundamental and technical analysis topics in a comprehensive manner. BlackBull Markets provides market research via quality videos created by its in-house team of analysts. For this review, we opened an individual MT4 and MT5 Standard account with Black Bull Group Limited, regulated by New Zealand’s Financial Markets Authority (FMA). The broker is regulated by the New Zealand FMA, a tier 2 regulator with strict rules. The broker is also licensed by The Seychelles Financial Services Authority (FSA). BlackBull Markets offers over 200 tradable instruments in the Forex, indices, stocks, and commodities categories.
Commissions
They are a great choice for those of you who want to trade with institutional grade conditions in a regulated environment. They provide you with an enjoyable trading experience that includes user-friendly https://forexbroker-listing.com/ trading platforms, tight spreads, low fees, rapid trade execution speeds and excellent customer support. I have had an account with them for a few years now and have yet to have any issues.
Due to the ultra-low latency trading ecosystem of Blackbull CopyTrader, copied trades are executed as closely to the expert trades as possible. Wallets are akin to an intermediary through which clients make deposits, withdrawals, and internal transfers to any of their share and forex trading accounts. Every client is entitled to a maximum of 5 wallets, at one wallet per currency. With its spread floating starting from as low as 0.0 pip on its ECN Standard account type, the broker claims to offer its clients tighter spreads as compared to other top forex brokers. However, it is worthy of note that spreads are not fixed as they are subject to change throughout the day and spread differs per account type. ECN Prime accounts have a spread floating from 0.1 pips and ECN Institutional accounts have spreads starting from 0.0 pips.
In this section of Blackbull Markets review, we will be analyzing some additional products and services offered by the broker. Any charges that are incurred outside normal trading activities are known as non-trading fees. Overnight fee/swap refers to the interest that you either pay or earn for a trade position that you keep open overnight.
You then need to upload your proof of identity and address documents for KYC purposes. If you follow the Muslim faith then there are Islamic friendly accounts available to you which comply with Sharia law. FXChoice are another broker who have Islamic accounts with a great selection of quick and easy funding options. Traders can diversify their portfolio and access global equity markets with Indices trading through a range of Index CFDs including AUS200, GER30, US30, SPX500, UK100 and JPN225.
For those seeking customised solutions and lower commissions, the ECN Institutional Account is the best fit. As we move into 2024, BlackBull Markets has emerged as a formidable player in the forex and CFD brokerage landscape. Their commitment to providing ultra-fast execution speeds sets them apart in a competitive market.
To help traders succeed, BlackBull Markets also offers various educational resources and a competent customer support team that caters to traders’ queries and concerns effectively. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. BlackBull Markets provides a great asset offering (especially in shares) and a great selection of trading platforms (MT4, MT5, TradingView and IBKR). Their commissions and spreads are definitely competitive ones and all their accounts operate under the ECN model.
Three requirements any successful trader needs from an ECN/NDD trading environment are deep liquidity, institution-level pricing, and high leverage. BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this. It ensures high-speed trading and offers scalpers and other high-frequency traders the precision trading they require. It would be great if they could in the future offer a wider selection of assets to trade. We scrutinise brokers based on their regulatory compliance, historical performance, and international presence.
Unlike other brokers, BlackBull Markets also provides educational resources for intermediate and advanced trading, hoping to update their trading experience. BlackBull Markets maintains an active presence on LinkedIn, X, Instagram, Telegram, WhatsApp, YouTube and Facebook. These platforms provide an alternative means of connecting with the team and its trading community and asking questions as needed. Besides providing each trader with a dedicated account manager, the broker did well to provide comprehensive information on its products and services on the website. The Quickstart dropdown tab on the top of the menu can answer some of your questions regarding the company and its various services.
They are traded as Contracts for Difference (CFDs) and commonly grouped together by similar industries. If you want to run your platforms 24/7 then there is a handy Virtual Private Server (VPS) option. The company is based out of Auckland, New Zealand, which is home to a rapidly growing Fintech industry that is backed by the government.
Other brokers with on par liquidity worth considering include XM Group. BlackBull Markets are a true Electronic Communication Network (ECN) broker with blackbull markets review Straight Through Processing (STP) and No-Dealing Desk (NDD). This means that there is no conflict of interest between us traders and the broker.
It combines copy trading, algo trading, and retail trading seamlessly and supports sophisticated technical analyses while offering plenty of supporting tools and content for newbies. CTrader also caters to the needs of high-yield/high-risk traders with its smart stop-outs. I have compiled the table below to help you better understand the difference between the trading fees of BlackBull Markets’ two account types and the industry average.
The testing involved MT4 Expert Advisors specifically designed for these order types, which measured the time between order placement and execution. BlackBull Markets ensures seamless trading on the move with mobile apps for all its platforms, including MetaTrader 4, MetaTrader 5, and cTrader. Available for both iOS and Android devices, these apps offer the flexibility to trade and manage investments from anywhere. They maintain the core functionalities of their desktop counterparts, such as advanced charting, analytical tools, social networking, and copy trading. The ECN Standard Account, with no commissions and wider spreads, is typically preferred by beginner traders. The ECN Prime Account, offering lower spreads with commission fees, is ideal for experienced, high-volume traders.