Blackbull Markets is also known for its good customer service, which is available around the clock to assist users with any queries or concerns they might have. BlackBull Markets achieves rapid order execution through globally distributed servers, including the NY4 Equinix data centre in New York and others in London, Japan, Hong Kong, and Shanghai. I have always received great support from them and even had them reach out to me to see how things are going without being prompted to do so.
- BlackBull Markets’ Education Hub is a comprehensive resource for traders looking to enhance their knowledge and skills.
- You can even expand its capabilities with free and paid tools available from the MQL marketplace which you can easily access from within the platform itself.
- Each trader has a dedicated account manager and can expect round-the-clock support.
- In this review, we will discuss important topics such as regulations, assets, trading fees, and more.
Although MT4 is certainly not the most advanced platform on the market, is it perfect for basic technical analysis and order execution, making it the peoples choice. They also now offer MT5 – a more updated and professional version of MT5. BlackBull Markets is also suitable for traders who want to learn and improve their trading skills. The broker offers educational resources, including webinars, tutorials, and trading guides, for free to all BlackBull Markets clients.
These webinars are conducted by experienced industry professionals, offering you the chance to learn from the experts. By attending these webinars, you can gain valuable insight into complex trading strategies and keep up to date with the latest market trends. Webinars are a great way to supplement your education and stay engaged with the trading community. At BlackBull, you can find ample resources to enhance your research and analysis skills. These include detailed trading guides covering various aspects of forex trading and technical analysis.
I am personally satisfied with this regulation although it would be ideal if they could expand regulation into other jurisdictions in the future. BlackBull Markets are a true Electronic Communication Network (ECN) broker with Straight Through Processing (STP) and No-Dealing Desk (NDD). This means that there is no conflict of interest between us traders and the broker. When you place a trade, it gets sent directly to the market at the best available price at any time.
Trading Conditions
After withdrawing their funds, they can then proceed to close their account. Thats a question for the broker to answer but generally speaking, it wont matter where you trade from. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
Is Blackbull Markets a regulated broker?
Whether you trade on desktop or mobile, TradingView’s beautiful charts can supercharge your trading experience. This platform is packed with all of the trading tools that you need to conduct comprehensive market analysis. You will also find thousands of add-ons for the platform whilst you can also code your own technical indicators and other tools.
Other trading platforms
BlackBull Markets offers trading in gold, silver, and platinum with competitive spreads and commission rates too. Black Bull Group Limited, the owner of BlackBull Markets, was founded in 2014 by Michael Walker, a former institutional forex trader. It’s regulated by the Financial Markets Authority (FMA) of New Zealand and the Financial Conduct Authority (FCA) of the United Kingdom. BlackBull Markets was founded in the bustling financial hub of Auckland, New Zealand.
He has a Masters and Commerce degree and has an active role in the fintech community. The share trading option is ideal for those looking to invest directly in companies and potentially benefit from long-term value appreciation and dividends. BlackBull Markets has strong reviews on TrustPilot with a score of 4.1 out of 5.
BlackBull Markets Full Review
The Market Reviews along with their economic calendar are the only two research and analysis tools they provide via their website. Inside the support section of BlackBull Markets website’s menu, there is an area called “Market Reviews” where they provide a daily analysis of a few assets of their own choice. Boasting over 23,000+ shares, BlackBull Markets is definitely a great alternative for stock traders. It is important to note that payment methods are subject to availability depending on the users’ country of residence. If you have any issues figuring your way around the client area, the 24/5 chat support is always on hand to assist you, or contact your personal account manager if the issue persists.
Commissions
We used demo accounts across various top brokers for uniformity, focusing on both limit and market orders. The testing involved MT4 Expert Advisors specifically designed for these order types, which measured the time between order placement and execution. The average spread figures for BlackBull Markets are derived through a monthly comparison of published fee data and real-time testing on live accounts. This process ensures an accurate and up to date analysis of brokers spreads. The prime account requires a minimum deposit of $2,000 and runs on the Equinix NY4/LD4/TY3 servers. Spreads start from 0.0 pips and there is a competitive $3 commission charge.
The nine base currencies function as a money saver because you won’t have to pay conversion fees if you transact in your own currency. We recommend BlackBull Markets to traders who run scalping, hedging, and automated trading strategies. We sent an email inquiry about the broker’s institutional account and the Active Trader account to but did not receive a reply from the broker, which was disappointing.
i’ve been with blackbull markets for 3 years
Demo accounts are available if you would like to test the different trading platforms and conditions before opening a real account. I would always start on demo account to see how things go before making a financial commitment. The broker does require a minimum deposit of $1 which is the lowest you will come across. 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. It’s great to have everything under one umbrella as it makes daily trading activities much more convenient.
The broker’s education offering is not as comprehensive as we would have liked. Traders can also open a demo account to practice trading on the broker’s platforms and test their trading strategies. Traders can change their account’s leverage levels after registration but they have to contact the broker’s customer support team to facilitate the change. In addition to that, BlackBull Markets is suitable for traders who value transparency and security.
Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching blackbull markets review his dog how to trade in his free time. Yes, Blackbull Markets is registered with the New Zealand Financial Services Provider Registry and is a member of the New Zealand Financial Services Complaints Limited.
BlackBull Markets is a New Zealand-based forex broker that has been catering to the trading needs of its clients since 2014. Regulated by the top-tier Financial Markets Authority (FMA) in New Zealand, this firm offers a secure and reliable platform for traders to navigate the financial markets. 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.