BlackBull Markets provides round-the-clock customer support through Live Chat, email or telephone. The broker did well in providing phone numbers for a few jurisdictions where it operates, including New Zealand, Cyprus, Mexico and Argentina. BlackBull Markets has different email addresses for various queries, including support, compliance and introducing broker queries. Therefore, the total trading cost for the ECN Prime account is 0.7 pips ( 0.6 +0.1) compared to 0.8 for the ECN Standard option.
BlackBull Markets Spreads
On the other hand, the ECN Standard Account doesn’t charge any commissions. Unfortunately, BlackBull Markets doesn’t offer a no-deposit bonus for new clients. On the other hand, you can get awarded up to $250 for referring a friend. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker.
BlackBull Social is a powerful platform that allows you to execute trades following the strategies of master traders. The ultra-low latency ecosystem means copy-trades are executed as close to the masters as possible. You can leverage the broker’s interactive environment and advanced monitoring features to social-proof the strategies you choose to follow. The world’s leading charting and social trading platform can be used on both desktop and mobile devices with Blackbull integrating with the iOS and Android app directly in 2024. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
For instance, it offers affiliate partners personal support and tools for tracking their affiliate business growth. Additionally, partners benefit from the guidance of a Personal Affiliate Manager with years of industry experience. It is ideal for expert multi-asset traders seeking a more powerful trading technology. It boasts 44 analytical charting tools, 21 timeframes and 38+ preinstalled technical indicators. It also features a depth of market (DoM), detachable charts, an integrated economic calendar and extra pending order types (sell stop limit and buy stop limit).
The broker also offers free VPS services for traders who meet certain criteria, including NYC Servers and BeeksFX. Institutional clients can also access prime services and PAMM accounts. While BlackBull Markets offers a demo account for the MT4/MT5 trading platforms, it has a 30-day time limit and comes with a $100,000 nominal balance by default. This institutional account has a minimum deposit of 20,000 USD and spreads starting from 0.0 pips (EUR/USD). This account is specifically for professional traders and commission is negotiable. Institutional traders also have access to 24/6 dedicated technical support and access to the customised MAM/PAMM platforms.
BlackBull Markets also supports social trading through market leaders ZuluTrade and Myfxbook Autotrade. That’s in addition to connecting your accounts to TradingView’s active community of 30M+ traders. Day traders can make use of social trading tools such as Myfxbook, HokoCloud and ZuluTrade.
Review Methodology
For traders seeking a more customized solution and lower commissions, the ECN Institutional Account requires a minimum deposit of $20,000. As shown in the table below, these commission rates are lower than most top brokers such as Pepperstone, IC Markets, and EightCap, which charge $3.50 USD. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market anaylsis. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. BlackBull Markets has a few competitors, including XM, Pepperstone, FXCM and Admiral Market.
The most popular profile with a true ECN experience using direct to market processing. There is also an economic calendar to keep an eye on market news and events. Black Bull Group Limited is incorporated and registered in New Zealand, regulated by the local Financial Markets Authority (FMA). Stock trading is also available via leveraged CFDs and on underlying shares. Select one or more of these brokers to compare against BlackBull Markets.
Deposit and Withdrawal
Islamic (swap-free) accounts are offered as a variant of the Standard, Prime and Institutional Accounts, retaining all the features of the regular account types. Founded in New Zealand in 2014, BlackBull Markets is an ECN-only broker that offers trading on a limited number of assets compared to most other brokers, including Forex, commodities, and indices. BlackBull’s highly efficient support team and dedicated account manager ensure immediate assistance whenever necessary.
Best Forex Brokers for Beginners 2024
- For an ECN Standard Account, there is no minimum deposit requirement, making it accessible to traders with different budget sizes.
- MT4 and MT5 permit access to all trading indicators, drawing tools, and automated functionalities found within the web-based platforms.
- This account is specifically for professional traders and commission is negotiable.
- Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
- At the time of writing, there are no promotional offers available at BlackBull Markets.
- With no commissions applicable and low spreads, it’s easy to get started.
CFD trading lets you profit from rising and falling markets by entering into contracts with a broker to exchange the difference in an asset’s value between the opening and closing of the trade. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch. 📒 A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds. Our experts are pleased with the security measures implemented by the broker.
When we used BlackBull Markets stocks application, we were impressed with the one-stop shop to trade and manage your account whilst on the go. The company founders offer 10+ years of combined institutional experience in the forex space. The broker is a true ECN, no dealing desk brokerage, providing institutional-grade fintech services to retail clients. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. BlackBull Markets offers multiple platforms, including the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps.
BlackBull Markets offers negative balance protection, which ensures you won’t lose more than you deposited during widespread market volatility. If you’re a margin trader, check that your broker has this protection, as it can help minimize risk. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Learn how regulators protect traders and how the Forex market is regulated. Many traders and investors are digging deeper into these topics to refine their strategies and understanding. Here’s a curated selection of “others also viewed” articles, offering a range of perspectives and insights that could prove valuable for your own forex journey. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories.
I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities. Successful and high-volume traders are entitled to several BlackBull xcritical reviews Markets rebates and incentives to traders.
Our broker ratings are also informed by the experience of xcritical cheating our researchers during the evaluation process. Overall, BlackBull’s trading costs are higher than average on its Standard Account and marginally lower than average on its Prime Account. The cost of trading at most other good brokers tends to be 9 USD per lot of EUR/USD. Additionally, the high minimum deposit on the Prime and Institutional Accounts makes them inaccessible to most traders. BlackBull Markets offers an impressive selection of trading tools to enhance clients’ trading experience. For instance, the free VPS provides automated data backup, reducing slippage and latency by 30%.