BlackBull Markets is a maturing broker that has been in operation for nearly a decade and has made great strides over the last two years toward improving its value proposition to traders and investors. In our 2024 Annual Awards, BlackBull earned Best in Class honors for our Offering of Investments category. That said, BlackBull still has room to further improve against the competition. We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would only improve its Trust Score. Georgia solved my problem and set my account up for trading in just a few minutes. I have asked for the help of an agent the last 2 days and it was first Christy and then Rodolfo the ones who helped me out with my questions.
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From a security perspective, client deposits remain well-protected, but I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts. BlackBull’s fee structure is favorably structured for active traders, including discounts for high-volume trading. The average spread cost for the EUR/USD pair using a Prime account stands at 0.76 after factoring in commissions, which is about industry average. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Overall Blackbull Markets review shows they are a good choice for New Zealanders wanting a forex broker that offers FMA regulation and has ECN trading with low spreads.
BlackBull Markets follows well-established industry practices for onboarding new traders. The research also consists of technical analysis, but the entire package costs $45 monthly. The primary regulator of BlackBull Markets is the New Zealand Financial Markets Authority (FMA). It also maintains a subsidiary, BBG Limited, authorized by the Seychelles Financial Services Authority (FSA). The Market Reviews along with their economic calendar are the only two research and analysis tools they provide via their website. For those traders familiar with MT4 and MT5, BlackBull Markets is definitely a very convenient broker.
Elsi attended to my issue today and she…
I like that BlackBull Markets offers the FIX API, allowing algorithmic traders to connect advanced trading solutions. Free VPS hosting from NYC Servers or BeeksFX is available for ECN Prime accounts with trading volume above 20 lots, which is an offer I find reasonable. BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade plus newcomer HokoCloud.
BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution. MT4 remains the leader in algorithmic trading, but MT4 and MT5 support it, and both have a built-in copy-trading system. BlackBull Markets offers MT4/MT5 as a desktop client, webtrader, and mobile app. BlackBull Markets offers traders an excellent asset selection, placing it in the Top 5 brokers in the industry. Forex traders get 60+ currency pairs, but the bulk consists of 23,000+ equity CFD and the underlying asset for direct share dealing from 80+ global stock exchanges.
What is the minimum deposit for BlackBull?
Withdrawals above the xcritical scam deposit amount using payment processors are not possible. BlackBull allows traders to deposit any amount they wish following the initial minimum deposit. Traders have access to customer support 24/7 via live chat, which I find the most convenient form to connect. A phone number, including a toll-free for New Zealand, and nine e-mail addresses are also listed, one with support in Chinese. I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided.
In our 2024 tests, BlackBull Markets demonstrated the fastest execution speeds among all brokers we evaluated. Other features we like are their competitive spreads for ECN trading (from 0.1 pips) with the ECN Prime account and a surprisingly large range of trading platforms and copy trading tools. While there is a small withdrawal fee and a high minimum deposit requirement for an ECN Prime account, overall, Black Bull Markets is an impressive Forex broker with which to trade. DailyForex.com adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
What Demo Account Does BlackBull Markets Offer?
While BlackBull Markets does not offer bonuses, it maintains an Active Trader Account where it presents qualifying traders with monetary incentives like lower commissions or services like free VPS hosting. Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor. BlackBull Markets is a New Zealand-headquartered Forex broker and FinTech company. It prides itself on speed and precision, promising traders ECN/NDD execution with deep liquidity through the MT4/MT5 trading platforms. I have conducted an in-depth review to determine if their advertised ECN, deep liquidity, and price aggregation, as well as institution-level pricing for retail traders, lives up to the hype.
- New traders must submit a copy of their ID and a proof of residency document dated within the past three months.
- Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
- Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
- Therefore, I believe that most traders will not require assistance unless there is an emergency.
Beginner traders get fifteen videos, and numerous short Trading Guides, offering an in-depth introduction to trading. While I prefer more content, BlackBull Markets presents enough information for beginners. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based BlackBull Markets trading account.
All client deposits remain segregated from corporate funds, and the custodian bank is the ANZ Bank. BlackBull Markets is also a member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. Boasting over 23,000+ shares, BlackBull Markets is definitely a great alternative for stock traders. It is important to note that payment methods are subject to availability depending on the users’ country of residence.
He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Swap-Free Account
This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest. Provided you can prove you are of Islamic faith, you will be able to use this pricing structure with any of the Standard, Prime, or Institutional account types. She was very kind and approved my documents needed for verification just after few hours I sent them. BlackBull Markets offers cryptocurrency CFDs, but not physical cryptocurrency trading. Clicking on Live Account on the homepage of BlackBull Markets opens the four-step online application process.
The demo account options include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, BlackBull CopyTrader, and BlackBull Shares. These demo accounts provide a risk-free environment for traders to hone their skills and test strategies on different xcritical official site platforms offered by BlackBull Markets. For example, the addition of quizzes and progress tracking features could help BlackBull further improve its educational offering for retail traders. The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000.
Both of them were particularly cooperative and clarified my queries in the most professional and efficient manner. Traders can request withdrawals from the secure back office of BlackBull Markets in a straightforward process, usually completed within 24 hours except for bank wires. BlackBull Markets accepts deposits by bank wires, credit/debit cards, Skrill, Neteller, Union Pay, FasaPay, and selected cryptocurrencies.