BlackBull Markets Review 2023 Expert Ratings & Key Findings

Putting it all together, BlackBull Markets is an online brokerage firm that is designed to suit all levels of traders, from the average retail trader to the high-volume professional traders. They offer advanced trading platforms and some essential trading resources, including useful tools and educational materials. These can all go some way to help traders gain an enhanced trading experience and make informed decisions.

Along with its advanced and competitive offering as we discover in our review, BlackBull also supports educational resources suitable for traders of different levels. The platform offering as a part of the BlackBull Markets Review shows us a choice between industry leader MetaTrader4 and its next version MetaTrader5. Both offer a super convenient option between powerful conditions and user-friendly https://limefx.name/ interface, both are suitable either for beginners or professionals making software a pleasant partner in your trading journey. The choice of financial assets offered by BlackBull Markets is extensive compared to other similar brokers, with a range + instruments. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.

BlackBull Markets support for trading exchange-traded funds

ETFs are investing vehicles available on BlackBull Markets, that cover a wide range of markets, sectors, industries, currencies, and commodities. These ETF funds can be bought and sold quickly on BlackBull Markets or held for an extended period of time, trading similarly to stocks on BlackBull Markets. You can change the order of the instruments in your BlackBull Markets trading account by double-clicking or right-clicking on them. When the price reaches either the ‘Take Profit’ or the ‘Stop Loss level’ on BlackBull Markets, any open BlackBull Markets positions will be closed.

Overall, BlackBull Markets’ account-opening process is easy and hassle-free and are generally ready for trading within one business day. As a regulated broker, Blackbull ensures that all Anti-Money Laundering rules and regulations are followed. It maintains regulatory oversight from New Zealand’s Financial Markets Authority (FMA) and the Seychelles Financial Services Authority (FSA). Select one or more of these brokers to compare against BlackBull Markets. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners (and to learn more about our Annual Awards from our Director of Online Broker Research, Steven Hatzakis), check out our ForexBrokers.com Annual Awards page.

Should You Trade With BlackBull Markets?

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. In our review, we found that Blackbull’s mobile support is great compared to other similar brokers. Many of the trading platforms supported by Blackbull are also available as mobile and tablet downloads – allowing traders to keep track of their open positions while on the move.

• While Active or professionals traders will better use ECN Prime account with raw spreads from 0.1 pips and a commission charge $6 per trade.
• But unlike a regular account, you can’t withdraw money whenever you want.
• It’s possible that a CFD provider that is not regulated will take an initial margin out of the pooled funds and put it into one or more individual funds.
• BlackBull Markets offers CFD trading in certain countries where financial regulators permit BlackBull Markets CFD trading.
• The broker’s blog is replete with several trading articles on market reviews and expert analysis.
• While I prefer more content, BlackBull Markets presents enough information for beginners.

Also available is a selection of tools for comprehensive price analysis, trading robots, expert advisors, and copy trading. Blackbull Trade is, however, only available for download on Android devices. Blackbull offers three accounts, which is average for the industry, and they cater to both beginners and more experienced traders.

Can you trade Crypto on BlackBull markets?

The website is likely to display the broker’s regulatory status and the name of the regulatory authority at the bottom. We’ve put together the aspects that make a broker legitimate, so you can judge whether you consider BlackBull Markets legit. The domain blackbull.com is registered under our company, Black Bull Global Limited. In addition to our legal requirements, we believe it is our duty; to maintain the utmost security and protection of your personal details, as provided to us. As such, policy and electronic safeguards have been put in place so that consumer details are rigorously protected.

In addition, as an ECN broker, liquidity providers compete against one another to lower average spreads. BlackBull Markets is a New Zealand (NZ)-based broker with a head office in Auckland, although it does have staff and tech bases elsewhere around the world. Founded in 2014, the brokerage has grown to serve tens of thousands scammed by limefx of traders from over 180 countries, including the UK. Its goal is to become the leading online financial technology and foreign exchange broker. You can protect yourself from losing more money than is currently available in your BlackBull Markets trading account by making use of a tool called negative balance protection.

Both brokers offer VPS services for traders who use automated trading strategies. They also offer various trading tools such as economic calendars, market news, and analysis. Both brokers do not charge any fees for deposits and withdrawals, which is a plus for traders who need to move money in and out of their trading accounts frequently. FAQs are a comprehensive list of traders’ most common questions and their corresponding detailed answers.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

As one of the most popular copy trading platforms on the market, MyFXBook is a service where you can copy trades from top successful FOREX trading systems. It allows you to copy the trades of any system you select directly into your Blackbull MetaTrader 4 account. FIX is the coding protocol used to place trader’s orders live on the market, and MT4 is the FIX application that BlackBull Markets uses.

Traders have access to customer support 24/7 via live chat, which I find the most convenient form to connect. A phone number, including a toll-free for New Zealand, and nine e-mail addresses are also listed, one with support in Chinese. I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided.

Does a BlackBull Markets CFD expire

Islamic/swap-free accounts are also offered as halal alternatives to each standard type. There are eight base currencies to choose from, including GBP, which will help UK investors avoid currency conversion charges when transferring funds from UK bank accounts. While using TradingView, we found it to be another reliable platform with plenty of technical analysis features. It is particularly suitable for traders interested in the social side of trading and those who look closely at what others in the market are doing. To maximise trade execution speeds, the broker’s servers are located as close as possible to the most important global exchanges like London, New York and Tokyo.

VPS and Other Trading Tools

As an online trading broker that has been in operation since 2014, we could say that BlackBull Markets is an experienced online financial services provider. The broker’s location is an added advantage as New Zealand is known to have a high standard of conduct and operational standards that all companies must comply with. The broker also maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy to ensure that the broker runs above-board and ethically across all business practices.

Eightcap requires a minimum deposit of $100 for both of its account types. BlackBull Markets, on the other hand, requires a minimum deposit of $0 for its Standard Account, $2000 for its Prime Account, and $20,000 for its Institutional Account. Between 74-89% of retail investor accounts lose money when trading CFDs. limefx forex broker BlackBull Markets offers CFD trading in certain countries where financial regulators permit BlackBull Markets CFD trading. A BlackBull Markets contract for difference (CFD) is speculation on price movement up or down against BlackBull Markets and does not involve the delivery of any physical goods or securities.

BlackBull Markets traders, trade on the speculation that the value of financial instruments will move in a predetermined way, beneficial to there BlackBull Markets trading positions and BlackBull Markets market exposure. BlackBull Markets instruments themselves are derived from a wide array of assets that are each given a fluctuating monetary value on global financial markets accesible using the BlackBull Markets trading software and tools. 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. It allows traders to seamlessly replicate the trades of successful traders in their accounts.