We traded the popular instrument in each market to identify the actual spreads and placed a total of 12 trades. For this BlackBull Markets review, we opened a live account and deposited over €4,000. It takes just five minutes to register and set up your account, and you can start your forex investing journey. Fund your account using bank cards, a bank transfer or an electronic wallet. Though bank transfers take a few days, credit and debit card deposits are immediately available. To sum up, here are the different types of accounts that BlackBull Markets offers.

  1. The main differences between each of the accounts are the spreads and commission fees.
  2. We used demo accounts across various top brokers for uniformity, focusing on both limit and market orders.
  3. This is for speedy processing and to make sure that they are not used for any unsafe purposes.
  4. This is definitely one of the most useful tools they provide but it’s only available in their share trading platform.
  5. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
  6. I love these platforms as they are very easy to use and support automated trading with expert advisors (EAs).

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. In addition to this, they have a strict Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT) policies.

Once you’ve downloaded MetaTrader 4, you’ll be able to set up your trades and get familiar with the user interface in both the desktop and mobile versions of the platform. Trade foreign exchange and contracts for difference with this versatile New Zealand-based broker. 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). Although 20 different payment methods are offered, availability varies depending on your location. For instance, New Zealanders aren’t offered cryptocurrency as a payment method, yet the only country able to use POLi.

Inflation data week: 7 trade opportunities to watch

They have a great selection of forex currency pairs and some major stock indices. 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. I find them to be up there with the very best brokers if you are looking for a secure and reliable trading environment. The customer support has always been excellent in my experience whilst the trading conditions are comparable to industry leaders such as IG. BlackBull Markets spreads are definitely very competitive but in order to gain access to the lowest ones, a user must be willing to start with an ECN prime account with a minimum deposit of $2,000.

BlackBull Markets crowned “Best Forex Broker Award 2024”

If you want to learn as much as possible, you can take a look at XTB who have a dedicated trading academy. Blackbull Markets also provide social trading via another social trading platform like Myfxbook called HokuCloud. However, I did not find there to be as large a selection as there was with ZuluTrade and Myfxbook. A VPS can be customised to your requirements and reduce latency by up to 30%. They are often used by traders who cannot afford any downtime (99.99% uptime) or who need to run the trading platform 24/7, usually when running an expert advisor (EA). MT4 is the platform of choice for many traders and levels of expertise.

The ever-increasing popularity of BlackBull Markets has seen them expand their offices to New York, Kuala Lumpur, Jakarta and London. They take great pride in operating above board with the upmost honesty and integrity. Inside the support section of BlackBull Markets website’s menu, there is an area called “Market Reviews” where they provide a daily analysis of a few assets of their own choice. Boasting over 23,000+ shares, BlackBull Markets is definitely a great alternative for stock traders. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

For those of you who are running more complex trading strategies and need direct market access with the best possible setup, there is a FIX API trading option also available. 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. In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.

Available for both iOS and Android devices, these apps offer the flexibility to trade and manage investments from anywhere. They maintain the core functionalities of their desktop counterparts, such as advanced charting, analytical tools, social networking, and copy trading. 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. It’s also important to note that BlackBull Markets currently has a relatively small number of regulatory licenses.

Blackbull Markets Deposits & Withdrawals

However, if you opt for an ECN Prime Account, the minimum deposit is $2,000. For traders seeking a more customized solution and lower commissions, the ECN Institutional Account requires a minimum deposit of $20,000. The broker has a ‘trading resources’ section on its website that offers an economic calendar, which is very useful to traders. The broker publishes about 10 timely analysis (fundamental and technical) pieces covering the major markets.

BlackBull Markets Full Review

These accounts do not attract a swap fee for positions held overnight. BlackBull Markets charges other non-trading fees, including deposit and withdrawal fees. There are also no account fees or fees for deposits, but you’ll pay a $5 withdrawal fee.

The broker provides instant execution and allows scalping and hedging strategies. Traders who prefer the MetaTrader platforms will find a home with BlackBull markets. However, traders who prefer a proprietary platform are out of luck since the broker does not offer such a platform. BlackBull Markets allows its clients to make withdrawals via the same payment methods available for deposits making it easy for investors to access their funds. We contacted the broker’s customer support team to resolve the challenges we faced. The same methods are available to withdraw with, for clarification these are Bank Wire Transfer, Visa, MasterCard, Skrill, Neteller, China Union Pay, and FasaPay.

Once an account has been opened the minimum deposit requirement is removed and there is no fixed limit for top-up deposits. Further, you have the opportunity to customize the server according to your needs and preferences and minimize latency as high as 30%. These servers are the most suitable for expert traders who need a higher uptime of no less than 99.99% and use the trading platform 24/7. This BlackBull Markets’ platform is linked to the NY4 Equinix server situated on Wall Street, which offers high-speed execution in just 2 to 4 milliseconds.

In terms of education, there are only two things on offer, the first is an economic calendar that details any upcoming news events along with the markets and currencies that they may affect. Then there is are some market reviews, these are looking at what has happened in the past and the last few days to try and give a reason for any movement that took place. If you are looking to actually learn how to trade you will need to look elsewhere. There are a number of different methods available to deposit with, these include Bank Wire Transfer, Visa, MasterCard, Skrill, Neteller, China Union Pay, and FasaPay. Fees are not mentioned on the site which leads us to believe that there aren’t any added fees for depositing, however, we cannot be 100% sure about this.

I like that BlackBull Markets have super-fast execution speeds with no delays. This is important if you are using trading strategies that try to take advantage on small price movements, such as scalping systems. All their platforms are not built by themselves, yet, they are amongst the industry leaders when it comes to online trading. You can also sign up for a demo account to test the software out before you commit. You’ll even get $100,000 in imaginary funds to invest so you can see how the platform works. BlackBull Markets’ Education Hub is a comprehensive resource for traders looking to enhance their knowledge and skills.

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. With BlackBull Markets, blackbull markets review there are a few different account types and these all come with a varying spread. On the most common ‘ECN Standard’ account, you have spreads ranging from 0.8 pips, with $0 commission per trade!