Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Traders should note that BlackBull also offers Prime and Institutional accounts. In the Prime Account (minimum deposit of $2,000), traders will enjoy tight spreads from 0.1 but pay a commission of $6.00 per lot. 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. I like that BlackBull Markets offers the FIX API, allowing algorithmic traders to connect advanced trading solutions.
In case your trading strategy is focused on Oil, you may want to check other options. The broker received an almost average score in the Trust category in our rating blackbull markets review as its entities are regulated by Tier 2 and Tier 3 regulators. When choosing a broker, trustworthiness is one of the most important things to keep in mind.
Frequently asked questions about Blackbull Markets
This server allows you to directly trade the markets with a vast array of liquidity providers supplying the best bid/ask prices available, with less slippage and tight spreads. BlackBull Markets accept clients from across the globe apart from some UN-sanctioned nations (e.g. North Korea), the USA, Russia, Spain, and only professional traders from New Zealand. If you are from any of the restricted countries you can check our compare brokers page to find a broker in your country.
FAQs are a comprehensive list of traders’ most common questions and their corresponding detailed answers. To get the FAQ section, simply navigate to the “Support” at the top of the broker’s website. Myfxbook is a social trading platform that allows traders to share, analyze, track, and compare their trading activities. It features an intuitive user interface, which makes it very easy to use by traders.
Moreover, you may access social trading through leading software including ZuluTrade and Myfxbook. 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.
BlackBull Markets Deposit and Withdrawal Methods
MT4 is offered by various brokers, so many traders have some experience with this platform. Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features. BlackBull received a relatively high score in the Fees category in our rating. The spreads that we have measured were either low or medium for most instruments.
However, compared to the MT4 system, the MT5 boasts faster processing times. It also comes with features like more tradable instruments and indicators, advanced pending order functionality, and the ability to hedge positions. With BlackBull Markets’ MT5, the platform is enabled for individual stock trading in addition to the index, commodity, and Forex trading. So, overall, we can say that the company is a compliant Forex broker and is also well regulated. This is because it limits the potential for both fraud and malpractice. Now, you are probably wondering, is this a reliable Forex broker?
I like the fact that they are focused on providing exceptional trading conditions including tight spreads, fast execution speeds and competitive fees. The premium trading tools and services they provide have seen them win multiple awards for technology and innovation. They have everything that you would need for following the markets, placing and managing trades.
- You’ll get between US$100 and US$250 when you refer a friend and they make a certain number of trades.
- In general, BlackBull offered moderate spreads for most instruments that we measured.
- They provide you with an enjoyable trading experience that includes user-friendly trading platforms, tight spreads, low fees, rapid trade execution speeds and excellent customer support.
- BlackBull Markets do not charge a commission on CFDs and there are no additional mark-ups or re-quotes.
When you place a trade, it gets sent directly to the market at the best available price at any time. Please note that the bank transfer is an international transfer. With electronic methods, the deposit is assigned directly to your account. The broker keeps these funds separate from the company funds, among other things. No, broker is not providing financial services in the USA nor to US residents. Company offers trading with currency pairs, indices, and several commodities.
BlackBull Markets Education
The primary regulator of BlackBull Markets is the New Zealand Financial Markets Authority . It also maintains a subsidiary, BBG Limited, authorized by the Seychelles Financial Services Authority . All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
A bank transfer can take several business days, while payment with a credit/debit card is instant. The BlackBull Marketsaccount opening process is easy and fully digital.The online application takes roughly minutes and our account was approved within one business day. BlackBull Markets is considered safe because it’s regulated by the top-tier FMA of New Zealand. For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers.
The VPS service is only available on the BlackBull Markets Prime account, and as such, traders are required to deposit a minimum amount of $2,000. You can get a free VPS for a lower deposit from some other brokers including Blueberry Markets. ZuluTrade is an industry-leading, peer-to-peer, social trading platform that copies the trading strategies of expert traders. It is reputed for being the most popular auto trading platform available today.
PsyQuation is available through a limited amount of brokers, including Axi. Social trading is becoming increasingly popular, and https://forexbroker-listing.com/ 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.
Traders should note that remitting banks and payment system providers charge a fee of 5.00 in the base account currency. BlackBull clients can deposit and withdraw money from their accounts via Visa, Mastercard, China Union Pay, bank wire, Skrill, Neteller, and FasaPay. BlackBull received a high score in the Deposit and Withdrawal category in our rating thanks to multiple withdrawal options and fast withdrawal time. MT5 is a next-generation trading platform that was launched in 2010 by MetaQuotes. It is an advanced trading platform that is designed to offer seamless access to different financial markets. The platform is replete with helpful trading tools, including nine chart types, expert advisors, multiple timeframes, and more.
There are many options for deposits and withdrawals, including various base currencies. On the downside, the educational and research support is limited. The mobile platform is amazing too, helping you stay up to date with what’s happening with your account even if you’re on the go. Even the mobile platform’s charting and technical analysis options are varied and outstanding. They have a lot of features, adding more complexity and making it easier for you to control your trades.
Markets and products
Blackbull Markets doesn’t charge commissions on its standard accounts, but you’ll have to pay a mark-up on the spread. For its prime accounts, you’ll pay US$6 per lot when you trade but you won’t pay a high margin on the spread. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide investment or any other advice, for further information please read our General Terms and Conditions. Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager.