BlackBull Markets Review 2023 Pros and Cons Uncovered

If you’re looking for an easy to use and convenient way then the mobile option will be best for you. You can enter/exit positions, manage orders and perform other options from a xcritical rezension simple click. BlackBull Markets group has developed strong relationships with both FSPR and ANZ Bank to make sure that they offer the highest level of security to their clients.

• This includes comprehensive price analysis, the use of algorithmic trading applications and copy trading.
• Mark has over 15 years of experience in financial analysis, forecasting,

  and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

• Deposits are accepted in nine currencies including USD, EUR, GBP, JPY and AUD.
• TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
• Swap-free accounts are offered as a variant of Standard, Prime and Institutional Accounts.
• 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.

You will be exposed to a high risk of loss regarding leverage and margin-based trading. Although we found some very useful aspects of the BlackBull Markets platform that would be useful to some traders. We feel that a alternative to BlackBull Markets may better suit you. Overall, we had a good experience with the email support provided by BlackBull Markets.

Platforms

You can apply Autochartist’s knowledge to your favourite instruments today and begin receiving notifications when possible trade setups occur. 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). BlackBull Markets offer a FIX API option for clients who wish to use their own FIX application.

Their commissions and spreads are definitely competitive ones and all their accounts operate under the ECN model. We consider them a great choice for intermediate to experienced high volume traders, on the other hand, for beginners they’re lacking better account options and more educational tools. The Forex Broker is 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 want to start trading with real money, there is no minimum deposit for the standard account. This is a huge variety of more than 26,000 tradable instruments in total. xcritical is our favorite broker for trading beginners and a tough competitor for AvaTrade.

Trading on BlackBull Markets web platforms and other applications

Keep an eye on the latest session timetables via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays. Note, Islamic accounts and Active Trader accounts are available for eligible clients. Black Bull Group Limited is incorporated and registered in New Zealand, regulated by the local Financial Markets Authority (FMA). Deposits are accepted in nine currencies including USD, EUR, GBP, JPY and AUD.

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. We have over 20 years of experience when it comes to trading online so we know what to look for. Customer support is available globally 24/7 via online chat, telephone and email. With global offices, they have representatives in each major market to offer support and answers to general and technical questions.

Does BlackBull Markets offer negative balance protection?

When we used the BlackBull Markets terminal, we were pleased to see all payment methods are free, although third-party charges may apply. When we used the BlackBull Markets platform, we were pleased with no account opening costs or inactivity fees for dormant profiles. BlackBull Markets offers several platform options so there is something for everyone. This includes a proprietary shares app plus MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

If you are a seasoned trader, you would be familiar with some common trading fees that CFD brokers charge, such as spreads, commissions, and overnight financing rates. While commissions are small transaction fees charged by brokers, spreads are the difference between an instrument’s buy and sell price. This can all help you get the most out of your trading strategies when using BlackBull Markets. The minimum deposit required to start trading is $1 and they have the option of a free demo account if you want to give them a try before making a commitment. If you sign up with BlackBull Markets, you can choose from three accounts, Standard, Prime and Institutional. You don’t need to deposit any cash to trade on the Standard account.

• If you’re a registered client of BlackBull Markets, you can sign up for SwipeStox for absolutely free and connect your trading account to the SwipeStox account.
• MT4 and MT5 permit access to all trading indicators, drawing tools, and automated functionalities found within the web-based platforms.
• One of the primary considerations when evaluating a broker, such as BlackBull Markets, is to assess the broker’s regulatory status and administrative body.
• We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.

The broker’s blog is replete with several trading articles on market reviews and expert analysis. The blog section also contains some news articles to keep traders up-to-date with the latest happenings in the financial markets. New articles are regularly uploaded on the //xcritical.online/ blog, while old articles are often updated from time to time. 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.

How do I contact BlackBull Markets customer support?

BlackBull Markets clients can qualify for a free VPS is they have a prime account, minimum $2,000 deposit and maintain 20 lots of trading volume per month. I have a VPS that I use myself to run my automated strategies in the MT4 platform. It saves me needing MT4 always open on my laptop and only costs me around $30 per month. If you are trading enough volume and want a Free VPS, then you can look at Blueberry Markets as an alternative.

BlackBull Markets will suit traders of all experience levels with thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms. Founded in 2014, BlackBull Markets are an award-winning online broker based in New Zealand who offer institutional grade trading conditions on user-friendly platforms, specialising in Forex and CFDs. If you just want to trade forex on the MT4 platform, then BlackBull Markets will do the job. They also provide the MT5 platform which is ideal for trading stocks. Then there is ZuluTrade for anyone who is interested in social trading and copying the trades of others. The standard account requires a minimum deposit of $1 and runs on the Equinix NY4 server.

Standard Account Spreads

In this section of the review, we will explore the BlackBull Markets fees and commissions clients are liable to incur while trading. BlackBull Markets is an ECN (electronic communications network) multi-broker that was established in 2014. Headquartered in Auckland, New Zealand, it has offices in the Asia-Pacific, North America and other European regions.

Regulation and customer protection will vary between the trading entity. MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF’s on the BlackBull Markets MetaTrader 4 (MT4) trading platform. MT4 is a platform available with BlackBull Markets, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The BlackBull Markets MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading.

Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand. The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014. The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA). In May 2023, BlackBull Markets received an investment from Milford Asset Management, a prominent private equity firm in New Zealand, which included the appointment of an independent Chairman.

They are constantly striving to uphold the highest levels of conduct and operational standards with a well-constructed supervisory framework in place to actively protect your funds. The company is based out of Auckland, New Zealand, which is home to a rapidly growing Fintech industry that is backed by the government. 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.