BlackBull Markets Broker Review Forex & Stock Trading at BlackBull Markets

Please do reference our ECN Prime account when comparing spreads, as we price extremely competitively, with FX Majors starting from 0.1, plus a commission. Verification – as a New Zealand regulated Broker, we are obliged to follow a more stringent regime for account on-boarding and this would imply additional facial verification checks. 99% of our clients have no issues with completing this and it’s usually a simple check by taking a picture on your phone, then submitting to finalise.

Overall, the core trading environment is outstanding, and I rank BlackBull Markets as a leading choice for demanding equity traders, asset managers, and Forex traders. adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

  • In addition, trading tutorial videos are offered in the education center of BlackBull Markets.
  • It has a large number of indicators as well as some of the best trading features.
  • You not only get to save on costs but also gain access to various online trading tools.
  • With the economic calendar, traders can know what moves the market and when the market moves.

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. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance.

Does BlackBullMarkets offer Islamic (swap-free) accounts?

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. The minimum deposit amount is dependent on the account type you are trading with — the minimum deposit amount on the Standard and Prime accounts are $200 and $2,000, respectively. At the same time, the institutional account requires a minimum deposit of $20,000. The broker does not charge any deposit fees, and it allows its clients to open accounts and deposit funds in multiple base currencies.

blackbull markets broker review

We got a fast response, and the support agent let us know that they offer stocks and BTCUSD on the MT5 platform. We then asked how we can open an MT5 account and were instructed to send an email to While the broker offers detailed video content, we would like to see written content for traders who learn best via reading. Traders who prefer a modern platform should try the MT5 platform since the MetaTrader 4 forex trading platform is a bit dated.

For other trading platforms, the inactivity fee depends upon the type of account you have selected. The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the broker beforehand. Aside from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake on your account. They’re billed for services like depositing cash, not investing for lengthy periods, or withdrawals. However, this doesn’t necessarily mean that online brokers do not charge any fees.

BlackBull Markets offers MT4/MT5 as a desktop client, webtrader, and mobile app. You will see that you have a choice of MetaTrader trading platforms, either the MT4 or MT5 in desktop, web-trader or mobile app. More advanced traders will find FIX API and VPS Servers in global locations. Money managers can open and manage MAM trading blackbull markets review accounts, Read more. ZuluTrade is a peer-to-peer,social trading platform where you can mimic the trading strategies of thousands of registered currency traders from 192 countries. Clients can withdraw funds online by logging into the secure BlackBull Markets client portal and selecting the withdraw tab from the menu.

Although the Autochartist tool is great, it is not unique to BlackBull Markets. They work with plenty of other brokers if this software is something you would find useful. BlackBull Markets established relationships with ANZ Bank and the FSPR help to ensure that they maintain the highest level of security for clients. Company files and audits must be submitted every year with the majority of this information publicly available for you to check and falling under legal body oversight. In addition to this, they have a strict Anti-Money Laundering & Counter Financing of Terrorism policies.

blackbull markets broker review

The BlackBull Markets web trading platform hasgreat customizability. For credit/debit cards or electronic wallets.Withdrawals via international bank transfers cost $20 . You can only deposit money from accounts that are in your name.

Blackbull Markets Review: Table Of Contents

Thank you very much for your feedback and we are delighted that you are enjoying the service with BlackBull Markets. We launched this product at the end of 2020, and before we did, there was a ‘coming soon’ page on our website, which we were using to gauge interest levels and demand. The FSPR aims to foster utmost transparency in financial market dealings. As a result, all companies who are registered with the FSPR must also be a member of an independent dispute resolution scheme. This is to ensure that complaints are dealt with impartially and independently.

blackbull markets broker review

Once your login details are sent through to your registered email address, you will be able to login to the back area of BlackBull markets. Some brokers have very overwhelming and complicated back ends, where it’s virtually impossible to workout how to do what you want to do on the account. You have access to everything you would need as a retail trader.

Lower fees, lower costs?

BlackBull Markets offers 3 account types with different features. The accounts are known as the Standard Account, the Prime Account, and the Institutional Account. Due to AML / CTF laws, BlackBull Markets cannot deposit funds to third parties. As a result, all money withdrawn from your account must go to a bank account in the same name as your BlackBull Markets trading account. BlackBull Markets does not charge any internal fees for deposits or withdrawals.

Customer Support

The support team can be reached via telephone, email, and Live Chat. I have always found them an absolute pleasure to deal with and received a quick response to all of my questions. Traders can use the MT4 WebTrader​ to trade from any device without needing to download additional software and it you will always get access to the latest version.

From our experience, the support works very fast and professionally. BlackBull Markets earns money only through the spread or commissions which are paid by the trader. When you do a withdrawal it can take 1-3 days till the withdrawal is done by BlackBull Markets.

For beginners, trading tutorials and training videos are available on the website. Blackbull Markets staff can even assist you with software setup. The newsletter provides new market analyzes almost on a daily basis so that the trader can always generate new trading ideas.

This super catch-all benchmark includes spreads and financing costs for all brokers. Yes, Blackbull Markets offers customer support over the telephone. Skrill has several licences that permit it to provide its services throughout Europe and globally. Skrill is operated by Paysafe Payment Solutions Limited, an entity that is incorporated in Ireland and regulated by the Central Bank of Ireland, for its European regulated operations.

In summary, BlackBull Markets is a safe broker and a great one at that. They offer amazing ECN conditions, great execution, a range of perks, very cheap trading costs and have an amazing reputable within the industry. I’ve used so many various brokers over the last 5 years, searching for perfect, and now some of my capital is with BlackBull because of it’s truly unbeatable conditions and safety.

BlackBull Markets is an MT5 Forex broker, that is based in New Zealand and founded in 2014. They are licensed & regulated in New Zealand by the FMA, and by the FSA in Seychelles. This brokerage company is regulated by the FMA and FSA Seychelles. As we mentioned, a rather disappointing offer for an FMA regulated broker. BlackBull Markets US services are suspended for now, and residents of this country cannot join any of the company’s entities.