I have personally found the trading conditions very favourable for my day trading styles and swing trading. You will be hard pushed to find any better spreads and commission structure per trade out there in the market from any trusted forex broker. Spreads are very important when it comes to forex trading, especially for intra-day traders and scalpers – much less so for swing traders as they are taking moves for thousands of pips.
Blackbull Markets Broker Alternatives & Comparisons
If you don’t require tight spreads and would prefer to trade without commission, the standard ECN account would be the way to go. Social trading is becoming increasingly popular, and BlackBull Markets has collaborated with some of the greatest social trading providers on the market. You can track deals made by others in their BlackBull Markets trading accounts. Social Trading may be a perfect solution if you want to trade but don’t have the time or market knowledge or want someone else to trade on your behalf.
Account funding at BlackBull Markets
This includes MT4 videos, forex analysis guides, and a trading glossary. Black Bull Group Limited is incorporated and registered in New Zealand, regulated by the local Financial Markets Authority (FMA). BlackBull Markets offers several platform xcritical courses scam options so there is something for everyone. This includes a proprietary shares app plus MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView and cTrader. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com.
- The ever-increasing popularity of BlackBull Markets has seen them expand their offices to New York, Kuala Lumpur, Jakarta and London.
- An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- The cTrader is another popular, sophisticated and feature-rich platform that provides traders with a fantastic and hassle-free trading experience.
- Day traders can make use of social trading tools such as Myfxbook, HokoCloud and ZuluTrade.
Crypto Trading
An in-depth look at the trading platforms offered by BlackBull Markets is critical. The broker allows traders to diversify their portfolios and access global equity markets through a range of Index CFDs, including AUS200, GER30, US30, SPX500, UK100, and JPN225. If you just want to trade forex on the MT4 platform, then BlackBull Markets will do the job.
Other trading platforms
In assessing BlackBull Markets, we’ve employed our thorough methodology, aimed at assisting traders in selecting the most suitable forex broker for their requirements. Our evaluation includes an analysis of 40 brokers, spanning eight critical categories. This process is backed by extensive research and technical testing, including the use of automation tools such as Expert Advisors, Indicators, and Scripts. The minimum deposit at BlackBull Markets varies depending on the type of account you choose ranging from $0-$20,000.
Customer Service Rating
The platform was introduced in 2005 by MetaQuotes, a Russian software company. BlackBull Markets provides their clients with the very popular MetaTrader 4 (MT4) trading platform. In addition to MT4, the broker also provides a FIX API option for clients who wish to bypass the MT4 application and trade with direct market access (DMA). The institutional account requires a minimum deposit of $20,000 and has customisable server options. The larger your trading volume, the better commission deal you will be able to negotiate. The prime account requires a minimum deposit of $2,000 and runs on the Equinix NY4/LD4/TY3 servers.
Spread, Commission, and Fees
The broker extends its global reach with offshore licensing in Seychelles and offers a diverse array of over 26,000 CFDs across various asset classes, including forex, shares, and crypto. In addition to CFD trading, BlackBull Markets also provides a dedicated share trading facility, enabling direct investment in shares, distinct from share CFDs. When it comes to features, BlackBull Markets stands out with its array of offerings designed to cater to a diverse clientele.
The broker offers the economic calendar; it is a useful trading tool that shows the schedule of future market events and their expected impacts on the financial markets. MetaQuotes power the economic calendar widget on the BlackBull Markets website. BlackBull Markets won the highly coveted Deloitte Fast 50 award, among several other awards owing to their premium trading tools and innovative solutions in Fintech.
BlackBull Markets offers cryptocurrency CFDs, but not physical cryptocurrency trading. BlackBull Markets makes money from spreads, commissions, and swap rates on leveraged overnight positions. BlackBull Markets follows well-established industry practices for onboarding new traders. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
If you’re a beginner, consider using MT4 till you become very comfortable using advanced trading platforms like cTrader. BlackBull offers an excellent forex and CFD trading environment, featuring extensive trading instruments and advanced trading platforms. It is a wonderful choice for traders that demand superior market access and tools. 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.
All platforms are available with mobile compatibility, including free downloads to iOS and Android devices. When we used the apps on a portable device, our experts confirmed all options are fully functional with interactive navigator windows. Clients using the ECN Prime account will incur tighter spreads from 0.1 pips, with commissions from $6 per lot.
You can just go about your day and take action as and when the software finds a valid signal on your chosen markets. If you want to run your platforms 24/7 then there is a handy Virtual Private Server (VPS) option. BlackBull Markets established relationships with ANZ Bank and the FSPR help to ensure that they maintain the highest level of security for clients. Company files and audits must be submitted every year with the majority of this information publicly available for you to check and falling under legal body oversight. BlackBull Markets have three dedicated state of the art Equinix servers located as close as physically possible to the three major exchanges for instantaneous market access. This gives the lowest achievable latency regardless of where you are located around the world.
Comprehensive information on specific support resources, such as account, platform and market support, can be found in the support dropdown tab at the lower part of the menu. BlackBull’s exceptional service and commitment to its trading community were core factors in the broker winning the Best in Class for Offering of Investments in ForexBrokers.com’s 2023 Annual Awards. BlackBull Markets provides round-the-clock customer support through Live Chat, email or telephone. The broker did well in providing phone numbers for a few jurisdictions where it operates, including New Zealand, Cyprus, Mexico and Argentina. BlackBull Markets has different email addresses for various queries, including support, compliance and introducing broker queries. Although the account opening process follows the standard norm in the retail forex industry, Benzinga finds BlackBull’s process highly simplified.
Today, BlackBull offers over 26,000 tradeable symbols; 2,500 are available on MetaTrader 5 (716 in Prime account) and TradingView, and 311 symbols on MetaTrader 4. The table below summarizes the different investment products available to BlackBull Markets clients. BlackBull Markets offers multiple platforms, inluding the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps. It is important to constantly check the regulation of your forex brokers every few months to make sure nothing changes and they are not put on any risk lists by regulators. I will keep this article updated regarding this brokers regulation as I actively trade with this broker, so I’m always on the look out for any signs of regulatory concern. No, there are a few brokers regulated by the Financial Markets Authority (FMA) which is the oversite for financial markets in New Zealand.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. BlackBull is a broker considered to be of “Average Risk” with a trust score of 78 based https://xcritical.online/ on rankings from ForexBrokers.com, providing a relatively secure trading environment. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
BlackBull Markets do not charge a commission on CFDs and there are no additional mark-ups or re-quotes. They can be traded with ultra-low latency and straight-through processing on the proprietary trading technology provided. 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. Economic calendars can be great tools for conducting fundamental analysis.
In this section of our BlackBull Markets Review, we emphasize the broker’s commitment to providing a feature-rich environment, suitable for traders of all levels. PsyQuation is a useful trading tool that traders can use to analyze their trades. The PsyQuation helps to guide traders on weak areas and ways in which they can be improved. Traders can create a PsyQuation account and link it with their BlackBull Markets MT4 account. Accounts can be opened in AUD, USD, EUR, GBP, CHF, JPY, NZD, CAD, SGD, HKD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
Its cTrader Copy and cTrader Automate modules also facilitate copy trading and automated trading. The broker is licensed by the New Zealand Financial Markets Authority (FMA) and registered as a security dealer by the Financial Services Authority (FSA) of Seychelles. BlackBull Market is a legit broker regulated in New Zealand, the UK, and Seychelles with an exceptional regulatory track record. BlackBull Markets accepts deposits by bank wires, credit/debit cards, Skrill, Neteller, Union Pay, FasaPay, and selected cryptocurrencies. Clicking on Live Account on the homepage of BlackBull Markets opens the four-step online application process. Select one or more of these brokers to compare against BlackBull Markets.
