It’s great to have everything under one umbrella as it makes daily trading activities much more convenient. I appreciate the flexibility at BlackBull Markets for deposits, as after the initial blackbull markets review deposit, follow-on amounts remain at the discretion of traders. Another positive is that traders may deposit in nine currencies, but not all deposit methods support each of them.
- I like the spreads available at BlackBull Markets, which confirm the existence of institution-level pricing for retail traders.
- It runs on Equinix NY4, TY3, or LD4 servers that offer high-speed operations.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- BlackBullMarkets Review found a section dedicated to trader education with 11 learn to trade videos, 5 trading guides and a trading glossary.
BlackBull Markets is not a very old financial institution as compared to some of the other leading brokers. However, the company has gained a massive reputation in a short time and is growing at a rapid rate. It has made its global presence and received many awards for its advanced features and functionalities. Moreover, the group strives for delivering the best possible trading conditions for its clients with affordable fees, the right spreads, and speedy execution. Global partners include prime liquidity providers (LPs) for deep pool liquidity and huge depth of market. This gives you institutional grade trading conditions with fast execution speeds and tight spreads from just 0.0 pips, backed by excellent 24/7 customer service and support.
BlackBull Markets Review: Education
BlackBull Markets follows well-established industry practices for onboarding new traders. 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. No minimum deposit is required to open an ECN Standard Account, while a $2,000 deposit is needed to open an ECN Prime Account and $20,000 for an ECN Institutional Account.
In our 2024 tests, BlackBull Markets demonstrated the fastest execution speeds among all brokers we evaluated. Their ECN Prime Account pricing is highly competitive, offering low spreads starting from 0.1 pips. These features are particularly beneficial for strategies such as scalping or automated trading, where the combination of speed and narrow spreads is crucial for success. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
BlackBull Markets is considered a safe broker with an overall trust score of 37. The broker is regulated by the Financial Markets Authority (FMA) in New Zealand and holds an offshore license issued by the Seychelles Financial Services Authority (FSA). Operating from their Auckland, New Zealand office, the support team is well-equipped with expert trading knowledge, ready to provide quality answers to client enquiries. A downside to BlackBull Markets is a $5 withdrawal fee for all payement methods. As shown in the table, processing times and minimum withdrawals vary between methods.
BlackBull Markets offers traders an excellent asset selection, placing it in the Top 5 brokers in the industry. Forex traders get 60+ currency pairs, but the bulk consists of 23,000+ equity CFD and the underlying asset for direct share dealing from 80+ global stock exchanges. It results in a broad-based choice of trading instruments ideal for demanding asset managers and long-term dividend income-generating portfolios.
The spreads are variable which means they move with the markets, the more volatility in the markets the higher the spreads will be, different instruments will also have different starting spreads. Trade sizes start from 0.01 lots which is known as a micro lot, they then go up in increments of 0.012 lots. The maximum trade size is unknown but we would recommend not trading over 50 lots in a single trade due to execution and slippage issues with larger trades.
BlackBull Markets Review: Is It Legit Or Another Scam?
I like this level of support but also sometimes I like to be able to get on with my trading undisturbed. MT4 is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile option is useful if you need convenient full accessibility to your account from anywhere in the world. You can manage orders, enter/exit positions and more, all whilst on the go from the palm of your hands. I am a fan of trading apps as I like to be able to take my phone out and check the latest markets news and prices as and when I need.
Research and Tools
We scrutinise brokers based on their regulatory compliance, historical performance, and international presence. Our tiered approach to financial regulators helps us gauge the level of trust and consumer protection each broker offers. This combination of educational content and practical trading tools makes BlackBull Markets a strong broker for both learning and trading in various financial markets. For self-help resources, their website features a comprehensive FAQ and glossary section, offering detailed information about forex and CFD trading and the broker’s specific services. BlackBull Markets ensures seamless trading on the move with mobile apps for all its platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
I have personally found the trading conditions very favourable for my day trading styles and swing trading. You will be hard pushed to find any better spreads and commission structure per trade out there in the market from any trusted forex broker. The broker does require a minimum deposit of $1 which is the lowest you will come across.
BlackBull Markets Trading Fees
Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor. The minimum deposit at BlackBull Markets varies depending on the type of account you choose ranging from $0-$20,000. For an ECN Standard Account, there is no minimum deposit requirement, making it accessible to traders with different budget sizes.
Spreads start from 0.0 pips and there is a competitive $3 commission charge. All of the accounts are compatible with the MT4 platform and have convenient methods of deposit and withdrawal. You can trade how and when you like, as all trading strategies are welcome including scalping, hedging and automated trading.
We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would only improve its Trust Score. Elevate your trading experience with best-in-classcharting tools and receive TradingView Essential, Plus, or Premium. The TraderKeys keyboard can take your gold trading to the next level, with preprogrammed hot keys enabling you easily execute and modify trades.
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. Here is a screenshot of the BlackBull Markets MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. BlackBull Markets trading experience is further enhanced by their use of Virtual Private Servers (VPS) in partnership with BeeksFX and BeekFX, reducing trading latency by up to 30%.
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. BlackBull Markets presents clients with two well-regulated subsidiaries. Three requirements any successful trader needs from an ECN/NDD trading environment are deep liquidity, institution-level pricing, and high leverage. BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this.