BlackBull Markets Review 2023 A Reliable Online Broker?

blackbull markets review

BlackBull Markets was founded in 2014 and has since become a well-known and respected brokerage in the forex and CFD trading industry. The brokerage is headquartered in New Zealand and is regulated by the Financial Markets Authority (FMA). Outstanding support service.I have just opened an account with this broker and they verified my application 2 days. I have not tried trading in the live account but I completely satisfied with their support service through chat.

blackbull markets review

This selection is based on objective factors such as products offered, client profile, fee structure, etc. We also drew up a more detailed rundown of BlackBull Markets alternatives. Despite a growing product range on MetaTrader and support for social copy trading tools, BlackBull Markets falls behind the best brokers in several key categories, such as education and research.

All that a BlackBull Markets client has to do is sign-up for a Myfxbook account and link it to their BlackBull Markets Account. The platform has the same design, is available in the same languages, offers the same order types (plus Trailing Stop), and has the same search functions as the web trading platform. The portfolio and fee reports are clear as well, and you can download them if you right click on the History tab and select “Save as detailed report”. Alerts and notifications are only available on the desktop trading platform. It would be much more convenient to have these features on the mobile trading platform as well.

What are the advantages of trading with Blackbull Markets?

Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand.

  • Withdrawals via international bank transfers cost $20 (or 20 units in any other account currency).
  • The broker is certainly trust-worthy.Has good leverage and provide a decent spread as well.
  • BlackBull Markets warns all potential traders that Forex and CFD trading always carries a high level of risk and may not be suitable for all investors.
  • You can open a free demo account with BlackBull Markets to trade risk free.
  • Another potential con is that BlackBull Markets may not offer as many trading tools and resources as some other brokerages.

Few client faced issues of deposit they said this broker is black listed. Myfxbook like Zulutrade is a social trading community that integrates with your MetaTrader account. The Myfxbook software offers you analysis tools limefx website that such as charts and graphs that allow you to evaluate, review, share and compare trading strategies and trading performance between traders. If you like graphical views for your analysis, then you will enjoy Myfxbook.

Account Types

There are many types of traders in the market as there are different ways to make money. Some trade more actively, while others like to plan more and place less frequent orders. Active and passive traders have different requirements when it comes to trading fees. Active traders enjoy low spreads while passive traders prefer low commissions.

blackbull markets review

Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system. It allows instant cross-border fund transactions at very low costs. Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels since its inception in 2008. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods.

Is BlackBull Markets safe or scam?

BlackBull Markets also offers Virtual Private Servers and NYC Servers. Traders can stay active and trade the full 24 hours a day from smartphones and tablets if they have chosen this winning option. BlackBull Markets also only accepts New Zealand clients that fall under the ‘Wholesale Investor’ or ‘Eligible Investor’ definition as per New Zealand Financial Services Providers Act FSPA 2008.

  • In May 2023, BlackBull Markets received an investment from Milford Asset Management, a prominent private equity firm in New Zealand, which included the appointment of an independent Chairman.
  • This means that there is no conflict of interest between us traders and the broker.
  • The good news is that you can choose the demo balance between $5,000 and $100,000.
  • Institutional traders will prefer the ECN institutional account which has a minimum deposit of $20,000.
  • You don’t need to worry if servers go down as there are a further two Equinix servers in the case that backups are needed.

BlackBull Markets being a regulated broker offers a good range of secure funding solutions and keeps money according to trust, safety and confidence with Top tier segregated Bank accounts. However, always make sure to verify according to your residence what conditions and methods are applicable to you, or some rules that may vary. While Active or professionals traders will better use ECN Prime account with raw spreads from 0.1 pips and a commission charge $6 per trade. Actually we found that BlackBull markets is a highly regarded broker, as the clients they serve are mostly happy with the trading conditions and the service provided alike.

BlackBull markets has a dedicated customer support team available 24/7 to assist traders with any questions or issues they may have. The proprietary web-based trader is a platform that can be accessed through a web browser and does not require any installation. It is available in both English and Japanese and has advanced charting tools, an economic calendar, and a live market news feed. Once your account is approved, you can make a deposit to your BlackBull Markets account and start trading on one of their trading platforms.

BlackBull is one of the few FMA regulated brokers that provide ECN pricing accounts and also list their average spreads. We compared BlackBull Markets spreads with some other international brokers. BlackBull Markets commission of USD $6 per 1k lot is one of the better commission arrangements in the market. While GO Markets and Fusion Markets offer better commissions, these brokers are not FMA regulated. BlackBull Markets commission stands up well against some of the biggest brokers in the industry and offers the best commission of all FMA-regulated brokers.

This is the only market that is open 24 hours a day, each day of the week, providing clients the opportunity to find the most suitable conditions for their personal trading strategy. A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies. BlackBull Markets offers a wide range of tradable instruments, including 70 currency pairs, 10 crypto derivatives, 10 indices, 18 commodities, 2,249 CFDs on stocks, and over 26,000 stocks. Other features unique to this account type are VPS access, 24/6 technical support, and a customizable MAM/PAMM platform. If you are looking to gain an edge in Forex trading, you should consider getting a Prime account. This is because it is designed specifically for experienced traders.

Investment Types at BlackBull Markets

The prices are true because the spreads are set by the liquidity provider and commissions are used, meaning BlackBull does not change the spreads. While this differs slightly from the Standard account where the broker widens the spread in place of commissions even though spreads are set by liquidity providers. When traders use margin leveraged accounts, they should maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin carries a high level of risk. Trading products such as natural gas and oil have been made accessible thanks to BlackBull Markets’ low-cost pricing model, flexible leverage options, and fast execution speeds. BlackBull Markets allows the trading of precious metals with flexible leverage and minimum trade sizes. They offer gold and silver, which are useful assets to diversify a trading strategy and are often flocked to as a safe haven during periods of market turmoil.

Spreads start from 0.0 pips and there is a competitive $3 commission charge. Demo accounts are available if you would like to test the different trading platforms and conditions before opening a real account. I would always start on demo account to see how things go before making a financial commitment. Social trading is becoming increasingly popular, and BlackBull Markets has collaborated with some of the greatest social trading providers on the market.

How do I contact BlackBull Markets customer support?

With its diverse range of financial instruments, multiple trading platforms, and a variety of account types, it caters to the needs of different traders. Interestingly, these trading products are available on all of the broker’s trading platforms so no need to keep switching back and forth. Traders can choose from the available financial instruments and get started with a minimum deposit of just $1. The brokerage seems to offer a solid trading experience for both a retail active trader and professional traders. It has a wide range of financial instruments available for trading, a variety of trading platforms, and low minimum deposit requirements. The trading experience is supported by great educational tools, including videos, texts and a demo account.

Even if trading in high volumes, you can still expect tight spreads and reliable execution speeds. All of the accounts are compatible with the MT4 platform and have convenient methods of deposit and withdrawal. You can trade how and when you like, as all trading strategies are welcome including scalping, hedging and automated trading.

BlackBull Markets Features

However, compared to the MT4 system, the MT5 boasts faster processing times. It also comes with features like more tradable instruments and indicators, advanced pending order functionality, and the ability to hedge positions. However, the lack of CFTC regulation is a strong indication that the broker does not offer its services to the residents of the United States. If you are in the USA, then IG would be my top broker choice to have a look at.

We may be compensated but this should not be seen as an endorsement or recommendation by, nor shall it bias our broker reviews. The MT4 platform itself is packed with more tools than most traders need. You can even expand its capabilities with free and paid tools available from the MQL marketplace which you can easily access from within the platform itself.

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