Markets offers the stylish technology and network for high liquidity. The maximum influence is 1500 and can be customized in your account dashboard. It’s a big advantage that BlackBull Markets is grounded in New Zealand because European dealers can enjoy high influence. The exact specific nature of a Virtual Private Server is complex and doesn’t need to be fully understood.
In the Institutional Account (minimum deposit of $20,000), traders will work with spreads from 0.0 and pay a commission starting from $15 per million. Second, BlackBull Markets has a strong focus on providing a positive trading experience for its clients. The brokerage offers negative balance protection, which means that traders cannot lose more than their account balance.
Traders should note that BlackBull does not offer negative balance protection, which means that clients can lose more money than they have in their accounts. The absence of negative balance protection should be considered a material risk factor for leveraged accounts. Pro-level traders will benefit from the tight spreads and affordable commissions offered by the ECN Institutional Account. There are many options for deposits and withdrawals, including various base currencies. On the downside, the educational and research support is limited. It offers a range of trading platforms, including the popular MetaTrader 4 and 5, as well as its own proprietary trading platform called TradeBull.
Great Trusted Broker
In summary, BlackBull Markets is a safe broker and a great one at that. They offer amazing ECN conditions, great execution, a range of perks, very cheap trading costs and have an amazing reputable within the industry. I’ve used so many various brokers over the last 5 years, searching for perfect, and now some of my capital is with BlackBull because of it’s truly unbeatable conditions and safety. The platform can be downloaded on Mac, Windows, Android and iOS, catering to everyone. Standard ECN – Spreads of roughly 0.8 pips on most pairs, with $0 commission.
- On the Standard account, the spreads start at 0.8 pips with no commission; on the Prime account, the spreads start at 0.1 pips with a $6 commission per lot.
- 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.
- It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.
- We take no responsibility whatsoever for money made or lost after reading and watching our blogs and videos respectively.
- Islamic (swap-free) accounts are offered as a variant of our Standard, Prime and Institutional Accounts, retaining all the great features of the regular account types.
- Zero commission, meaning that you don’t need to pay any commission for any trade you initiate.
Standard account holders won’t have to pay any commissions, but prime account holders will face $3.00 per lot. BlackBull Markets provides forex trading in 31 different currency pairs. That includes 20 minor pairings, and they are all tradable with leverage.
Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results. MetaTrader 4 is one of the forex industry’s most excellent and reliable trading platforms.
The broker also offers mobile trading apps of MT4 and MT5 for Android and iOS devices. These apps provide all the features and tools available on the desktop versions. You can simply log in to your account and start trading on the go. MetaTrader 5 is the successor of MT4 and comes with a few additional features. It’s a desktop-based platform available for Windows and Mac operating systems. BlackBull Markets also offers mobile trading apps for Android and iOS devices.
Each regulator has its requirements for brokers, which may differ materially. Traders must understand these differences to evaluate whether the broker suits their needs. The broker received an almost average score in the Trust category in our rating as its entities are regulated by Tier 2 and Tier 3 regulators.
Are their platforms mobile-friendly?
In the sections below, you will find the most relevant fees of BlackBull Markets for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. Islamic, in another word swap-free, accounts are offered in BlackBullMarkets’s Standard, Prime and Institutional Accounts, retaining all the features of the regular account types.
Is BlackBull Markets a Reliable Broker?
BlackBull Markets has a regulatory license issued by the Financial Markets Authority in New Zealand and the FSA in Seychelles.
However, Prime account holders are required to pay commission on their forex trades. BlackBull Makers has no account management fees for maintaining and using an account to trade forex online. All payment methods, excluding Bank Wire, provide instant deposits at BlackBull Markets. Bank Wire transfers will take 1 – 3 business days to be processed and our BlackBull Markets review tests confirmed these times.
Why is Choosing the Right Account Type Important?
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. Well, several factors can be stated to describe how unique the forex trading platform of the black bull markets is. But if we talk about the main points then we can say that it is safe and secure. A lot of forex trading platforms claim to offer privacy and security but they often fail to do. However, here at black bull markets, you do not have to face such issues.
Importantly, there are many base currencies, so clients will have plenty of options to choose from. Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.
Trading Conditions – 24 hour trading
The company is striving to have the highest level of operational standard and conduct along with a well-maintained supervisory that protects the traders from security threats. The trading guides at BlackBull Markets are written in a simple and easy-to-understand manner. The broker cover many topics, including forex basics, technical analysis, and risk management. BlackBull Markets’ economic calendar is a handy tool that helps in keeping track of all the major economic events. The economic calendar is available for desktop and mobile platforms.
Furthermore, it provides stock research reports on different top companies in the world. Whatever device you use, you will get its versatility with access to Expert Advisors, Trading Signals, price analysis, and copy trading features. Although the BlackBull forex offers its service via MetaTrader 4 and MetaTrader 5, it also offers TradingView. All these algorithms and systems run via the Equinix servers, meaning that, regardless of the trading platform, the execution engine enables highly efficient integration every time. The BlackBull Markets’ proprietary aggregation system software ensures that the liquidity providers compete with each other directly to offer the best liquidity at the quickest possible time.
The factors that go into determining whether CFD trading is best for you, is entirely dependent on your trading goals, experience, and financial means. For a better understanding of CFDs, we recommend you head to TradersBest and explore our guides. In terms of account management, there are no charges to open an account and there are no inactivity fees either. Our BlackBull Markets review noted that the fees are also built into the spread for all accounts and are variable between the different assets. These commissions found during our BlackBull Markets review are higher than many competitors but can still be considered quite low – not as low as the prices seen in our PrimeXBT review.
So the fast server allows you to use multi-tired bid/offer tech. With BalckBull’s diverse index and Share CFDs, you can now diversify your portfolio. And they use a straight-through process with their trading technology. The share class includes Australia, New Zealand, the USA, Europe, and Hong Kong. Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Although MT5 has its own server, it uses BlackBull’s access server instead of using the common server. This gives an encrypted transmission and ensures integrity alongside the ultimate security of your fund and trading. This will accelerate the trading speed, and you will not miss any fraction. Zero commission, meaning https://forex-reviews.org/ that you don’t need to pay any commission for any trade you initiate. Blackbull doesn’t have enough tier-1 regulatory licenses from different parts of the world and hence can’t operate in markets like the USA and the E.U. In this section, we will give you a short overview of how to trade on the MetaTrader 4 platform.
Research tools are basic and the Prime Account minimum deposit is high. BrokerChooser gave BlackBull Markets a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account. The company is reliable and regulated forex and CFD broker that offers a wide range of assets for trading. In addition, BlackBull Markets offers a safer way to trade with various account types that offer attractive spreads and leverage.
This should create a friendlier environment to trade and reduce costs. Over the past year, we have also doubled our team size to ensure that live chat on our website and phone support is truly 24/6, and we are currently working on expanding that to 24/7. Unfortunately, COVID has impacted our team as well, and there are still times when we have limited support, but we can assure you that this is a top priority for our business. I with two other brokers who give better support so I guess I’ll just add the funds to my existing accounts.
Is BlackBull Markets regulated?
BlackBull Markets has a regulatory license from the FMA in New Zealand and the FSA in Seychelles.
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 markets review CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider.
The deposit went through within less than 5 minutes, with absolutely no hassle or fees. The International Bank Transfers do take between 12 and 72 hours, which still is very competitive to other brokers as this is generally how long international transfers take to complete. It should be noted that there are no webinars, which are often used by brokers to connect to their clients and provide them with educational and research information. BlackBull offers trading videos, which are, in fact, a tutorial on MT4.
Compared with other forex brokers, BlackBull Markets stacks up against other brokers; traders can access customer support 24 hours a day through live chat. BlackBull Markets answers some questions in its FAQ section, where any queries for products and services are answered thoroughly. It also offers a toll-free number and email address for contacting customer support. BlackBull Markets account types are suitable for novices as well as experienced traders.
The last type of account available at Blackbull Markets is the ECN Institutional account. This account is exclusively for active traders who deposit a minimum of $20,000. Risk is another factor that makes Blackbull look like a below-average choice for forex traders. Blackbull is neither publicly traded nor does it operate any bank. It is authorized by just one tier-1 regulator, considered highly credible, and zero tier-2 or tier-3 regulators.