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. Yes, based on your detected country of FI, you can open an account with this broker. We did not have any challenges during the withdrawal process, which was quite smooth. For this test, we opened an individual MT4 and MT5 Standard account with Black Bull Group Limited, regulated by the Financial Markets Authority (FMA) of New Zealand.
Trading Account Types
When it comes to security and reliability, Blackbull Markets has taken every measure to ensure both. They offer a range of security features, including two-factor authentication, which is an industry standard. They also have an encrypted server and data centers located in multiple countries for added protection. All funds are held separately from the company’s assets in order to protect them from any potential risks. Self-confessed Forex Geek spending my days researching and testing everything forex related.
So far i can say that the broker is…
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. It ensures high-speed trading and offers scalpers and other high-frequency traders the precision trading they require. It would be great if they could in the future offer a wider selection of assets to trade. BlackBull offers a vast selection of markets, with 72 forex pairs and over 26,000 tradeable symbols, making it highly recommended for traders seeking a broad array of investment opportunities.
BlackBull Alternative Brokers
BlackBull Markets has a minimum deposit requirement of $200 on its Standard account, while its Prime account has a minimum deposit requirement of $2,000. 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. Overall Blackbull Markets review shows they are a good choice for New Zealanders wanting a forex broker that offers FMA regulation and has ECN trading with low spreads. Something that doesn’t appear readily available from brokers with a derivatives trading licence from the FMA. This combination of educational content and practical trading tools makes BlackBull Markets a strong broker for both learning and trading in various financial markets.
BlackBull Markets Deposit Fees
You can trade CFDs in 27 commodities, such as energies (Brent crude, WTI and natural gas), precious metals (gold, silver and copper) and cash crops (soybeans, corn, cotton and coffee). BlackBull’s 11 crypto assets comprise popular coins such as Bitcoin, Ethereum, Litecoin and DOGE. However, the bulk of BlackBull Markets’ tradable symbols are equities. Finally, the platform affords ample information about order execution. You can read about margin requirements, current spread rate, and much more before proceeding to open a position. Yet another great thing about cTrader is that it has many built-in videos explaining what its multiple technical indicators do and how they can be used in real-world trading.
BlackBull Markets also offers a free demo account that mimics live trading conditions but with a demo balance between $5,000 and $100,000 to help traders build confidence before trading live markets. Its simplicity, transparency, flexibility and efficiency make it the ideal copy trading tool for beginners and experienced traders committed to excelling in the market without hassles. The BlackBull Trade Platform is a revolutionary and versatile web and mobile trading application boasting comprehensive price analysis tools, expert advisors, copy trading features and more.
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- TradingView is the #1 charting and analytical platform used by 50+ million traders worldwide.
- And especially thanks to Nalnish Kumar he was provide the best effort and coordinat with the round -the clock help customer support.
- The MT4/MT5 platforms are highly reliable trading technology with compelling features like fully customizable charting options, multiple order types and advanced analytical capabilities.
- The ECN Standard Account, with no commissions and wider spreads, is typically preferred by beginner traders.
The International Bank Transfers do take between 12 and 72 hours, which still is very competitive to other brokers as this is generally how long international transfers take to complete. You can download BlackBulls own MT4 platform from the client area once your account is setup – from there you login using your MT4 details and you will instantly be able to start placing trades. The platform can be downloaded on Mac, Windows, Android and iOS, catering to everyone. When trading, I always have the MT4 platform installed on my laptop/computer, for actually executing orders, whilst having the MT4 app on my mobile phone as well, for monitoring trades whilst I’m on the go. 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.
It features spreads starting from 0.0 pips (ultra-raw spread), a $4 per lot commission and a $20,000 minimum account requirement. That is, a total trading cost of $4, which is low compared to the other accounts. 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. They’re available on tablets, mobile devices (Android and iOS) and desktops (Windows or Mac).
The broker has a ‘trading resources’ section on its website that offers an economic calendar, which is very useful to traders. The broker publishes about 10 timely analysis (fundamental and technical) pieces covering the major markets. In assessing BlackBull Markets, we’ve employed our thorough methodology, aimed at assisting https://forexbroker-listing.com/ traders in selecting the most suitable forex broker for their requirements. Our evaluation includes an analysis of 40 brokers, spanning eight critical categories. This process is backed by extensive research and technical testing, including the use of automation tools such as Expert Advisors, Indicators, and Scripts.
In summary, BlackBull Markets presents a wealth of advantages for both seasoned traders and newcomers. Its user-friendly interface enhances navigation ease, appealing to traders of all levels. In terms of trading platforms, BlackBull Markets offers the popular MetaTrader 4, MetaTrader 5 platforms & TradingView, which are widely used by traders around the world.
BlackBull Markets operates under two entities, authorized by one Tier-1 regulator (FMA) and one offshore regulator (FSA). The broker ensures essential safety measures, including segregation of client funds and negative balance protection. Its legal documents are clear and provide all important safety blackbull markets review information upfront. Thanks to fast order execution, sophisticated technical analysis, and other select perks. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based BlackBull Markets trading account.