BlackBull Markets Review 2024: Pros, Cons, & Fees

They keep customer money in segregated accounts with top-tier banks, ensuring they are always separate from the company’s working funds. In addition, BlackBull Markets uses strong encryption technology to safeguard critical data flows during transactions and logins. BlackBull Markets has significantly expanded its range of markets with the launch of BlackBull Shares. Today, BlackBull offers over 26,000 tradeable symbols; 2,500 are available on MetaTrader 5 (716 in Prime account) and TradingView, and 311 symbols on MetaTrader 4. The table below summarizes the different investment products available to BlackBull Markets clients. BlackBull Markets offers multiple platforms, inluding the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps.

How do I deposit money with BlackBull Markets?

It’s just an unfriendly environment for a trader let alone a short term day trader. It shouldn’t be frustrating to trade but this is what blackbull markets has become.I hate to leave negative reviews, but my patience with Blackbull Markets is done. Founded in 2014, BlackBull Markets are an award-winning online broker based in New Zealand specialising in Forex and CFDs. They are a great choice for those of you who want to trade with institutional grade conditions in a regulated environment.

Blackbull Markets Fees

However, I didn’t feel confident enough to copy trades after taking a look at some of the statistics such as the drawdown and profit factor. I much prefer to have an understanding of the market that I am trading and place my own trades. The BlackBull Markets MT4 is connected to the NY4 Equinix server that is located on Wall Street and can execute trades from 2-5 milliseconds. This server allows you to directly trade the markets with a vast array of liquidity providers supplying the best bid/ask prices available, with less slippage and tight spreads. Experience BlackBull Markets’ institutional trading conditions combined with cTrader.

ECN Standard Account

You can copy the trading activities of thousands of registered and skilled forex traders. BlackBull Markets’ clients may tailor trades to their preferences and risk tolerance by utilising ZuluTrade’s own performance evaluation algorithm as well as input from ZuluTrade’s informed community. 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).

Trading Conditions

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. BlackBull Markets offers trading platform demo accounts to allow traders to practice and familiarise themselves with the platforms before trading with real funds. The demo account options include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, BlackBull CopyTrader, and BlackBull Shares.

BlackBull Markets provides a demo account for new and xcritical customers to practice their trading talents. BlackBull Markets allows traders to trade futures contracts based on various underlying assets, providing exposure to commodities, interest rates, and more. Futures trading has fixed expiration dates, which may give chances for hedging xcritical holdings.

Black bull is Good broker and give me…

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. BlackBull Markets grants traders access to a broad spectrum of financial markets via CFD trading, enabling traders to explore diverse investment opportunities. Its 26,000+ tradable instruments, including currency pairs, major market indices, equities, cryptocurrencies and commodities, positions it among the top five CFD brokers.

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. Our review of BlackBull Markets has uncovered several good reasons to open a live account, including access to competitive spreads and a wide choice of platforms and tools. Regulation and customer protection will vary between the trading entity. The platform offers near-instant execution speeds, interactive charts, and direct market trading using prime liquidity providers.

  1. I highly recommend black’s really good trading platform so far.
  2. The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000.
  3. The large majority of Forex brokers do charge a small withdrawal fee and the fees charged by BlackBull are very competitive.
  4. FSCL aims to provide a cost-effective alternative to legal action for resolving disputes in the financial services industry.

This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest. Provided you can prove you are of Islamic faith, you will be able to use this pricing structure with any of the Standard, Prime or Institutional account types. Use the calculator below to compare BlackBull Markets’ trading costs with competitors like City Index and IC Markets. Adjust for trade size, currency pair, and base currency to see how BlackBull Markets stacks up against these brokers in terms of trading expenses. Rates, terms, products and services on third-party websites are subject to change without notice.

Considerable progress has been made in the broker’s research offering, though BlackBull Markets still trails behind the best forex and CFD brokers in this category. BlackBull Markets’ Education Hub is a comprehensive resource for traders looking to enhance their knowledge and skills. The hub includes a variety of educational materials and tools designed to cater to both beginners and experienced traders. 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.

Liquidity comes from multiple top tier international banks such as Goldman Sachs, Credit Suisse, JP Morgan, Merrill Lynch, RBS, SMBC, Commerzbank, Bank of America and BNP Paribas. The greater the range of liquidity providers, the better market xcritical website prices a broker can offer you. Other brokers with on par liquidity worth considering include XM Group. BlackBull Markets are a true Electronic Communication Network (ECN) broker with Straight Through Processing (STP) and No-Dealing Desk (NDD).

Whilst the overall look and feel remains the same, MT5 has more timeframes, depth of market pricing, additional indicators, a multi-currency strategy tester with tick data and much more. Whilst MT4 should be sufficient for most forex traders, MT5 is considered a better option for anyone who is looking to trade stocks. As it was released more recently compared to MT4, it could also be considered more future proof. In short, I would highly recommend the ECN Standard and ECN Prime accounts for the majority of traders.

The broker also offers the ZuluTrade mobile app, a social copy-trading platform available on iPhone, iPad, and Android. BlackBull Markets will suit traders of all experience levels with a growing suite of thousands of tradable instruments, tight spreads and the familiar MetaTrader platforms. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more.

The broker also provides you with some useful trading guides and several market review articles each week under the market reviews section. If you want to learn as much as possible, you can take a look at XTB who have a dedicated trading academy. Myfxbook is a popular social trading platform that allows users to discuss, analyse, track, and compare their trading actions.

Therefore, I believe that most traders will not require assistance unless there is an emergency. In such a case, BlackBull Markets ensures a customer service representative is available. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

With global offices, they have representatives in each major market to offer support and answers to general and technical questions. Clients also get personal account managers that are on hand to assist when need be. The broker has thousands of videos on YouTube, they acquired a Professional Research firm a few years ago, and have their own in-house analysts for market commentary. The BlackBull Markets tutorial videos cover lots of topics such as how to use your trading account and how to conduct chart analysis. I did find some interesting articles that helped make me aware of some potential market moves that I would have otherxcritical overlooked.

One of the best broker I ever had and one of the best service provider who is employee of Blackbull ” Nilnesh Kumar” who is very kind and humble always available. 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. Yes, based on your detected country of FI, you can open an account with this broker.

The average spread cost for the EUR/USD pair using a Prime account stands at 0.76 after factoring in commissions, which is about industry average. Traders have access to customer support 24/7 via live chat, which I find the most convenient form to connect. A phone number, including a toll-free for New Zealand, and nine e-mail addresses are also listed, one with support in Chinese. I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided.

I searched their legal documents, but none confirmed the existence of negative balance protection. However, from a regulatory perspective, I can strongly recommend this broker. From a security perspective, client deposits remain well-protected, but I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts. BlackBull Markets’ ECN Standard Account is perfect for casual traders. 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. At, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.