BlackBull Markets Review 2024: Pros, Cons, & Fees

The research also consists of technical analysis, but the entire package costs $45 monthly. 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). The broker is also a member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. The FSCL is a conflict resolution scheme that ensures that promotes a high level of transparency, ensuring that conflicts are dealt with impartially and independently.

BlackBull Markets Social Trading

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. The minimum deposit amount is dependent on the account type you are trading with — the minimum deposit amount on the Standard and Prime accounts are $200 and $2,000, respectively.

However, if you meet compliance requirements, you can withdraw funds using a method different from the one you used to deposit them. The minimum withdrawal amount and processing time also depend on your withdrawal method. Comprehensive information on specific support resources, such as account, platform and market support, can be found in the support dropdown tab at the lower part of the menu. BlackBull’s exceptional service and commitment to its trading community were core factors in the broker winning the Best in Class for Offering of Investments in ForexBrokers.com’s 2023 Annual Awards.

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. This brings some form of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet. The mobile apps are compatible with Android and iOS devices and can be downloaded from the respective app stores. The MT4 and MT5 Android apps require Android 5.0 or a later version, while the iOS apps require iOS 9.0 or a later version.

This feature facilitates seamless access to all your linked trading accounts via a single login. Other cTrader features, like an integrated economic calendar, mirror those of MT5 platforms. CTrader is compatible with Mac and portable iOS devices, as well as Windows desktops and Android devices. The MT4/MT5 platforms are highly reliable trading technology with compelling features like fully customizable charting options, multiple order types and advanced analytical capabilities. Both have built-in copy trading systems and support one-click trading, algo or automated trading through Expert Advisors (EAs), trading from the charts and trailing stops.

BlackBull Markets Trading Platforms

I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided. All client deposits remain segregated from corporate funds, and the custodian bank is the ANZ Bank. BlackBull Markets is also a member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. However, despite its multi-channel customer support and impressive awards, the broker has an average Trustpilot rating of 3.4/5 with various negative comments. Whether this reflects the broker’s overall customer service or indicates a few dissatisfied customers is not entirely clear.

Interestingly, BlackBull Markets has won the highly coveted Deloitte Fast 50 award on many occasions — 2018, 2019, and 2021. BlackBull Markets is a true ECN broker that allows clients to buy and sell over 300 financial instruments across different asset classes, including equities, Forex, commodities, CFDs, and more. The broker provides traders with institutional-grade trading conditions and exceptional customer service and support. BlackBull Markets has a few competitors, including XM, Pepperstone, FXCM and Admiral Market. Like BlackBull Markets, these brokers provide multi-asset CFD trading to institutional and retail investors. BlackBull’s 26,000+ tradable assets, low trading costs and minimal entry barrier are key competitive advantages.

1. Comprehensive information on specific support resources, such as account, platform and market support, can be found in the support dropdown tab at the lower part of the menu.
2. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
3. Plus, the broker’s well-designed educational libraries are available to help every trader navigate CFDs and forex trading complexities in a fast-changing financial market.
4. This process is backed by extensive research and technical testing, including the use of automation tools such as Expert Advisors, Indicators, and Scripts.
5. BlackBull Markets is considered a safe broker with an overall trust score of 37.
6. BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this.

Considerable progress has been made in xcritical rezension the broker’s research offering, though BlackBull Markets still trails behind the best forex and CFD brokers in this category. Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose. There’s also no minimum deposit needed to start copy trading their signal providers. On the other hand, each signal provider may set some funding parameters that you’ll need to meet to be able to copy them. Yes, BlackBull Markets is a legit broker and company and your funds will be securely held in segregated accounts.

Energy commodities are essential to modern economies and are affected by various factors, including significant geopolitical events. BlackBull Markets offers low spreads for the ECN Prime and ECN Institutional account types, but the Standard STP account has marked-up spreads. Also, traders are not charged with any additional fees on top of overnight financing charges. BlackBull’s cutting-edge trading technologies combine the best features to make multi-asset trading enjoyable on the web and mobile platforms. The BlackBull CopyTrader platform can take your copy trading experience to a new level.

with no minimum deposit

We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. BlackBull supports a variety of funding methods, including bank wires, Neteller, and credit cards, providing flexibility for deposit and withdrawal options. The mobile trading apps from BlackBull are functional, providing adequate tools for trading and monitoring markets from mobile devices. BlackBull Markets recently expanded its market research coverage with the acquisition of research firm ATM Strategy.

BlackBull Markets Micro Account

This is more so because its features mirror MT4/MT5 and cTrader but with added flexibility and convenience. These encompass chart exports, backtesting, fundamental stock data, trade ideas, chart exports, heatmaps, real-time global news and xcriticalgs calendars. BlackBull offers its trading clients free TradingView Essential, Plus or Premium — a significant cost savings considering the high subscription packages for each package. Although TradingView is a browser-native platform, it is available for mobile devices such as iOS and Android. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. For example, the addition of quizzes and progress tracking features could help BlackBull further improve its educational offering for retail traders.

The broker is licensed and regulated by the New Zealand FMA and the Seychelles FSA. BlackBull Markets maintains strict compliance standards regarding client fund protection in line with these financial authorities‘ regulatory requirements. BlackBull Markets maintains an active presence on LinkedIn, X, Instagram, Telegram, WhatsApp, YouTube and Facebook. These platforms provide an alternative means of connecting with the team and its trading community and asking questions as needed. Besides providing each trader with a dedicated account manager, the broker did well to provide comprehensive information on its products and services on the website. The Quickstart dropdown tab on the top of the menu can answer some of your questions regarding the company and its various services.

This means that you can trade using micro lots, equivalent to 1,000 units of the base currency, which is the same as trading with a 0.01 lot size. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker. Other products have a reduced leverage, which is normal with CFDs brokers, but still a good amount of leverage. In this article, you’ll get a review of this broker, including analysis and instructions to open an account with BlackBull Markets. BlackBull Markets offers over 26,000 different financial products to choose from. Traders can request withdrawals from the secure back office of BlackBull Markets in a straightforward process, usually completed within 24 hours except for bank wires.

Spreads

The broker also makes available a good selection of essential trading tools and lxcriticalg resources, xcritical as well as the services of a knowledgeable customer support team. It operates with the ECN/STP execution model, which offers instant access to the interbank markets without the intervention of a dealing desk. To start trading at BlackBull Markets, traders are required to fund their trading accounts with a minimum amount of $200.