This robust support system ensures traders have access to assistance whenever needed. This diversity allows traders to spread their risk and explore various markets. BlackBull Markets offers a wide range of trading instruments, which we detail in this section of the review. This segment provides traders with a clear understanding of the cost implications of trading with BlackBull Markets. This section assures potential clients of the broker’s commitment to regulatory compliance and high standards of security, which is a cornerstone of trust in the Forex trading community. In this crucial section of our BlackBull Markets Review, we provide a transparent overview of the broker’s advantages and limitations, allowing traders to make an informed decision.
Forex Risk Disclaimer
The ECN accounts offer fast execution and low slippage, and the broker provides traders with plenty of extra tools and features plus 24/7 customer support. BlackBull Markets offers the MT4 trading platform, sometimes known as MetaTrader 4. MT4 is without a doubt the most common retail forex trading platform, being used by millions of traders and hundreds of brokers around the world. Although MT4 is certainly not the most advanced platform on the market, is it perfect for basic technical analysis and order execution, making it the peoples choice.
Customer Service
The range of services and support they offer make them one of my favourite brokers. They simplify the whole process and are always available to help with anything you need. The MT4/MT5 suites are versatile and well-recognized in the financial https://xcritical.solutions/ market. Their extensive features and functionalities establish them as the ideal online platform for CFD and forex trading. MT4 has a beginner-friendly and intuitive interface that appeals to newbies and experienced traders alike.
What Is The Margin Call And Stop Out Level When Trading With BlackBull Markets?
Its 26,000+ tradable instruments, including currency pairs, major market indices, equities, cryptocurrencies and commodities, positions it among the top five CFD brokers. The world’s leading charting and social trading platform can be used on both desktop and mobile devices. The terminal provides access to 12 chart types, 100+ pre-built indicators, 50+ drawing tools and multi time-frame analysis.
Asset List and Leverage Overview
Then there is ZuluTrade for anyone who is interested in social trading and copying the trades of others. The trading accounts provide deep liquidity from multiple banks with raw interbank spreads that start from just 0 pips. This is great if you are using scalping strategies or automated systems that need the lowest spreads possible.
- This means that there is no conflict of interest between us traders and the broker.
- BlackBull Markets offers negative balance protection, which ensures you won’t lose more than you deposited during widespread market volatility.
- This is to ensure any complaints that you may have are dealt with in an impartial and independent manner.
- I have a VPS that I use myself to run my automated strategies in the MT4 platform.
Spreads start from 0.0 pips and there is a competitive $3 commission charge. Whilst they offer the MT4 platform which has a vast collection of inbuilt tools, BlackBull Markets do not provide many other in-house stand-alone trading tools. Instead, they focus on offering additional services via partnerships with free access available to qualifying BlackBull Markets clients. BlackBull Markets has a few competitors, including XM, Pepperstone, FXCM and Admiral Market.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Also available is TradingView, a popular trading platform that delivers a range of powerful charting functions and robust analysis tools. More recently, BlackBull further expanded its platform offering with the addition of its web-based BlackBull Trade platform powered by DXTrade.
It can be customized to suit the trader’s requirements and reduce latency by up to 30%. To qualify for a free VPS at BlackBull Markets, traders are required to open a Prime account with a minimum deposit of $2,000 and maintain 20 lots of trading volume per month. The broker offers online trading of some precious metals, including gold and silver, that are often regarded as a safe haven during periods of turmoil in the financial market. BlackBull Markets allows the trading of precious metals with flexible leverage and minimum trade sizes.
There is an ECN Bridge Equinix NY4 located in New York, an ECN Bridge Equinix LD4 in London and ECN Bridge Equinix TY3 in Tokyo. 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. The company is based out of Auckland, New Zealand, which is home to a rapidly growing Fintech industry that is backed by the government.
Black Bull Group Limited is a registered Financial Services Provider (FSP403326) and holds a Derivative Issuer Licence issued by the Financial Markets Authority. The Financial Markets Authority is the government agency responsible for regulation of financial markets in New Zealand. I am personally satisfied with this regulation although it would be ideal if they could expand regulation into other jurisdictions in the future.
BlackBull Markets is proud to offer clients the option to Trade directly in TradingView, the world’s leading charting and social trading platform. Whether you trade on desktop or mobile, TradingView’s beautiful charts can supercharge your trading experience. This platform is packed with all of the trading tools that you need to conduct comprehensive market analysis. You will also find thousands of add-ons for the platform whilst you can also code your own technical indicators and other tools.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. xcritical official site Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
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. Depositing money and withdrawal was super fast and not a single problem. I highly recommend black bull..it’s really good trading platform so far. Traders have access to customer support 24/7 via live chat, which I find the most convenient form to connect.
They use ANZ Bank as their banking partner who are one of the leading banks in the Australasia region and also have a global presence. However, despite its multi-channel customer support and impressive awards, the broker has an average Trustpilot rating of 3.4/5 with various negative comments. Whether this reflects the broker’s overall customer service or indicates a few dissatisfied customers is not entirely clear. Some of cTrader’s basic technical features are 55+ technical indicators, 28 timeframes, 6 chart types, level 2 DoM and no stop/limit level restrictions. The platform also boasts custom cBots for algo trading, news feeds, market sentiments, custom time zones and a selection of built-in widgets from reputable sources like Trading Central and FXStreet.
AML and KYC policies are operational for all new client registrations and ongoing. Complete the application form and provide the relevant verification details including identity documentation. The most popular profile with a true ECN experience using direct to market processing. All payments are processed instantly, apart from bank wire transfers which can take up to three working days for funds to clear. When we used the BlackBull Markets platform, we were pleased with no account opening costs or inactivity fees for dormant profiles. We use dedicated people and clever technology to safeguard our platform.
The deposit went through within less than 5 minutes, with absolutely no hassle or fees. I tested a second deposit on the weekend to see if the deposits were being manually verified, however the deposit went straight through on the weekend too within less than 5 minutes, which is great! 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.
I like the digital payment options as I tend to make deposits and withdrawals to and from my trading account via eWallets. I just find it much faster and don’t always want to wait around for a bank transfer to clear. If there is a market movement that I plan on taking advantage of, I want my funds available to trade with as soon as possible. The standard account requires a minimum deposit of $1 and runs on the Equinix NY4 server. All of the accounts are compatible with the MT4 platform and have convenient methods of deposit and withdrawal.
As a true ECN broker, BlackBull Markets operates the Straight Through Processing execution model, which offers access to the interbank markets without the intervention of a dealing desk. The broker offers its services to tens of thousands of traders from over 180 different countries. 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.
