You must understand that Forex trading, while potentially profitable, can make you lose your money. Market reviews are dedicated to various topics but are limited to a maximum of one per day, which is clearly insufficient to serve as research support for beginner or advanced traders. The broker’s research support is limited to the economic calendar and market reviews. The economic calendar is a typical offering for most brokers.

blackbull markets review

The broker also provides trading guides – a collection of articles on various topics. A trading glossary, a typical feature for many brokers, is also provided. BlackBull clients can choose from the ECN Standard, ECN Prime, and ECN Institutional accounts. Each of these accounts can be converted into a swap-free account. The broker offers a limited selection of stock CFDs for popular U.S. stocks. As we noted above, BlackBull has a separate stock trading offering.

BlackBull Markets customer support team is highly responsive and has experience of over a decade with dealing with customer queries. BlackBull has made it as comfortable as possible so traders will be supported and satisfied at any stage. MT5 trading platform was primarily developed to cater to the non-Forex markets like commodities, equity, and the future. It is registered in New Zealand with the Financial Services Provider Registry . Additionally, the firm is also a member of the Financial Services Complaints Limited dispute resolution scheme, which is regulated under FMA and FSA. In addition to being regulated by these bodies, BlackBull Markets holds clients’ funds in segregated bank accounts in ANZ Bank.

BlackBull Markets Review 2022: Updated Safe Broker?

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages gbp aud featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Global partners include prime liquidity providers for deep pool liquidity and huge depth of market.

Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed. The variety of options has led to a high score for the Account Types and Terms category in our rating. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available. For example, Black Bull Group Limited clients will benefit from the oversight of FMA, a Tier 2 regulator.

If you don’t require tight spreads and would prefer to trade without commission, the standard ECN account would be the way to go. PsyQuation can analyse your trading, advising you on weak areas and ways in which they can be improved. You can set goals, control your trading via the dashboard, gain useful insights and set notifications. You can create a PsyQuation account and link it with your MT4 account. Instead, I would prefer to just trade on a demo account in order to improve my skills. You can open a free demo account with BlackBull Markets to trade risk free.

With the standard account, you’ll get an fresh spread but you pay no commission. By using the other accounts you’ll get the raw spreads but you have to pay a commission. The broker also supports segregated customer finances and accounts. The company doesn’t trade against guests or hedge its positions.

Moreover, the spread options are attractive, starting at 0.0 pips on the Institutional account with a $6 commission per lot. BlackBull Markets broker is a regulated firm, and the deposits moneyball opinie and withdrawals are processed safely and securely. Founded in 2014, BlackBull Markets are an award-winning online broker based in New Zealand specialising in Forex and CFDs.

BlackBull Markets was founded in Auckland, the technology-focused, financial capital of New Zealand. In 2014, BlackBull Markets’ founders decided to collaborate in the equities retail space with the goal of providing clients with the best trading experience. Customer support is the necessity of the investors, and without this, they will get confused. It is an award-winning broker of New Zealand and has a good market reputation. This signals that the broker has high market advantages and some drawbacks, which makes the broker real.

With the ‘ECN Prime’ account, you have access to spreads from 0.1 pips and a commission of $6 per lot. TheForex Brokeris fully regulated in New Zealand and provides a very good service. There is a free demo account to test the platform by yourself and for all traders who wants to start trading with real money the minimum deposit is only $200. 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.

Blackbull Markets: Customer Support

BlackBull Markets’ FIX API services are pretty user-friendly, and it’s an excellent choice for those looking for a fast and stable trading experience. BlackBull Markets also offers social trading features that allow you to follow and copy the trades of other successful traders. Social trading is available for both desktop and mobile platforms. The social trading feature of BlackBull Markets is pretty user-friendly, and it’s ideal for those new to online trading. In addition, BlackBull Markets is known for its interactive demo account that is available for free. The demo account of BlackBull Markets comes with a virtual balance, and You can use the demo account to test the features and tools of their trading platforms.

blackbull markets review

However, here at black bull markets, you do not have to face such issues. Also, there are 2 other account types that we will present to you in the next section. The minimum spread for ECN standard accounts is 0.8, no handling fee charged. The minimum spread for ECN prime accounts is 0.1, charging $6 per trading lot; the minimum spread for ECN institutional traders is 0.0, and commission fees need to be negotiated.

The greater the range of liquidity providers, the better market prices a broker can offer you. Other brokers with on par liquidity worth considering include XM Group. BlackBull Markets were founded in 2014 by a team of experienced professionals with a background in forex, fintech development and data security. They have rapidly become one of the leading online trading brokers specialising in Forex, Commodities, Indices, Metals, Energies & CFDs. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

If you are an average day trader, then it should also suffice. If you are set on a FIX API broker, then Global Prime is another suitable option. BlackBull Markets let you trade with the popular and highly acclaimed trading platform MetaTrader 4 by MetaQuotes. I love this platform as it is very easy to use and supports automated trading with expert advisors . 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.

Ever since the broker enables multiple trading solutions as a financial services provider with proprietary software to aggregate powerful trading performance along with competitive pricing. BlackBull Markets offers free VPS services from BeeksFX or NYC Servers to its clients. However, you need to be using a Prime account and have a minimum deposit of $2,000. The trading accounts are the necessity of the traders as they give support to the various trades of the market.

Again, we are terribly sorry for the technical issues you faced here. Submitting a ticket with our support team – to submit a ticket, the best way is either from your portal, by emailing , calling our phones or visiting our live chat. Our office is manned 24/6 and happy to help with any query you have. I am glad to know that you resolved your issue initially by visiting our live chat. Please read BlackBull Markets Reviews below and share live trading experiences with this broker. BlackBull markets is a New Zealand regulated forex and CFD broker established in 2014.

The good news is that you can choose the demo balance between $5,000 and $100,000. On top of that, you can choose from a range of MT4 trading platforms. However, you will need a minimum deposit of $2,000 to open this account. As a trader, you will also have access to all tradeable instruments and Micro Lots. A standard account is perfect for beginner traders and allows access to all the broker’s tradeable instruments. However, to open this type of account, you will need a deposit of only $200.

BlackBull Markets review Safety

The only difference between FMA and FSA licenses is the document requirements when an account is being approved, because the FMA has a much higher standard, as would be expected. As to the trading conditions, they are always the same no matter which regulatory licence trader’s account is under. BlackBull Markets is primarily a forex broker, but it also provides real stocks and some CFDs. Alerts and notifications are only available on the desktop trading platform.

We ranked BlackBull Markets’ fee levels as low, average or high based on how they compare to those of all reviewed brokers. The company is regulated by the Financial Markets Authority of New Zealand and the Financial Services Authority of Seychelles . Trading Review’s mission is to help you become a better and smarter trader/investor through in-depth reviews of courses, trading software, and more.

The minimum deposit for the ECN Prime account of $2,000 is a bit high but remains acceptable. Overall, the core trading environment is outstanding, and I rank BlackBull Markets as a leading choice for demanding equity traders, asset managers, and Forex traders. 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, 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! This is very similar to the likes of IC Markets are other True ECN Brokers in the market.

Basically, traders can tailor their commission, spreads, and more to suit their trading style. However, the minimum deposit needed to open such an account is 20,000 USD. BlackBull Markets provides its clients with two major types of trading platforms, including the MetaTrader 4 and MetaTrader 5. The broker provides a range of premium trading tools and over 300 tradable instruments. Consequently, this makes it a suitable trading platform for both new and active traders.

BlackBull Markets

Traders can use our free service but should do their own due diligence and make their own decisions. Rates, terms, products and services on third-party websites are subject to change without notice. This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. BlackBull Markets are expanding at a rapid pace, picking up multiple awards along the way.

FXTM Fees, Spreads, and Commission

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Among the hotforex broker review instruments we have tested, BlackBull offers low spreads for GBP/JPY, Gold, and Dow Jones, while the spreads for Oil are high. BlackBull provides support via online chat, email, and phone.

If you want access to the lowest possible spreads on the ECN prime account, you will need to make an even larger deposit of $2,000. I personally prefer it when a broker gives you the same trading account options, regardless of your deposit amount. BlackBull Markets provides well-known MT4 and MT5 trading platforms that are specifically designed for all BlackBull Markets clients.

If you are professional, coming in with a fairly large deposit, the ECN Prime most certainly has the best trading conditions and fees. You will get the best liquidity and execution with this broker. Overall, we can recommend BlackBull Markets as a trusted forex broker with very good conditions.

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Packed Research tools provided by both advanced MetaTrader capabilities also with technical analysis, trading ideas and other capabilities, all available at BlackBull.

Even if trading in high volumes, you can still expect tight spreads and reliable execution speeds. 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. The auto trade function of MAM software is fully customisable to meet your trading requirements and is designed to run through the MT4 platform. I personally don’t feel the need to use the FIX API for my trading as the MT4 platform meets all my needs.

Traders must deposit a minimum of $2,000 for access to these spreads. In my opinion, this is arguably a little high, but well within an acceptable range. High-volume traders may negotiate rebates with BlackBull Markets, and I appreciate the flexibility this broker provides in that department. The account opening is fast, fully digital and user-friendly.

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. Yes, BlackBull Markets is licensed by various financial regulators, depending on your country of residence. During the account creation process, you will have the option to select your regulator as either FMA New Zealand or FSA Seychelles. CFD Leverage allows you to avoid paying the full value of the position.

From our experience, the support works very fast and professionally. ECN means that there is no dealing desk and the liquidity providers are competing against each other to give the best prices to the clients. BlackBull Markets offers the best technology and network for high liquidity.