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. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. BlackBull Markets is proud to offer clients the option to Trade directly in TradingView, the world’s leading charting and social trading platform.
Customer support is available globally 24/7 via online chat, telephone and email. 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. If you are a high volume trader then you may be eligible for rebates and a more customised offering through the Active Trader Account. Even if trading in high volumes, you can still expect tight spreads and reliable execution speeds. BlackBull Markets provide its customers with the popular trading plugin, Autochartist.
Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions. The BlackBull Markets phone support team was able to assist us with our queries and issues. We put their multilingual support to the test by speaking to them in various languages, and they were able to communicate effectively. While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with BlackBull Markets, before live trading.
BlackBull Markets are able to accommodate various levels of traders whether you are experienced or a beginner. All client deposits remain segregated from corporate funds, and the custodian bank is the ANZ Bank. BlackBull Markets is also a member limefx broker reviews of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. 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.
How to open your account
You can get a free VPS for a lower deposit from some other brokers including Blueberry Markets. You can trade with the social trading platforms or with the extensive MT4 and MT5 trading platforms. All the available trading platforms allow users to trade all the available financial assets with relative ease. You can conveniently do everything from analysing the charts to placing and managing your positions from all of your devices.
- The broker is also linked to ZuluTrade and Myfxbook where traders can access similar features.
- BlackBull Markets is also suitable for traders who want to learn and improve their trading skills.
- 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 is particularly useful to stay up to date with upcoming market closures such as public holidays.
- These accounts come with a minimum initial deposit of $20,000 USD, complimentary VPS access, customisable commission structures, 24/7 dedicated technical support, and a customised MAM/PAMM platform.
- This allows you to bypass the MT4 application and trade with Direct Market Access (DMA), connecting directly to the ECN grid.
If BlackBull Markets violate any regulatory rules their regulated status could be stripped. The broker’s commitment to customer support, evidenced by 24/7 availability, and comprehensive educational resources further enhances the overall trading experience. However, it’s worth noting that Blackbull Markets lacks a proprietary trading platform and may have limited tools compared to some competitors.
BlackBull Markets Research and Education Summary
In other words, BlackBull Markets leverage profits and losses are magnified when trading. For instance, using CFDs, you use the BlackBull Markets trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position. CFD trading on BlackBull Markets allows traders to speculate on the price movements of various financial instruments against the broker BlackBull Markets, without actually owning real assets.
- We placed 3 trades for each instrument to get an accurate estimate of the average spread.
- 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.
- Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
- If you just want to trade forex on the MT4 platform, then BlackBull Markets will do the job.
I have had an account with them for a few years now and have yet to have any issues. Today, BlackBull Markets is one among many forex brokers that cater to tens of thousands of traders from over 180 countries, while constantly striving to enhance their clients’ trading experience. It also offers a variety of account types and even offers an ECN prime account. Modern brokers like BlackBull Markets provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources.
Although a commission fee of $6 per round turn on the Prime account is similar to the commission fees of their major competitors, it is not the lowest commission fees that are obtainable in the industry. Furthermore, there are competitors who have raw spreads that start from just 0.0 pips including IC Markets. This might not make a big difference unless you are scalping or trading large volumes, but it can still add up in the long run.
Blackbull Markets Broker Alternatives & Comparisons
However, the broker’s fees are not as low as the ones charged by its closest competitors. To read much more details about the broker’s services and features, expand on the sections below. Each broker has its strengths and focuses on different aspects, so it’s essential to consider your specific trading needs and preferences when choosing a broker. When testing mobile apps or mobile products, we test on both Apple and Android devices. For Apple, we test with the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13. The domain blackbull.com is registered under our company, Black Bull Global Limited.
These are Standard accounts, Prime accounts, and Institutional accounts. 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. Moreover, it provides a demo account for traders to practice their trading strategies without risking real money. BlackBull Markets provides a great asset offering (especially in shares) and a great selection of trading platforms (MT4, MT5, TradingView and IBKR). Their commissions and spreads are definitely competitive ones and all their accounts operate under the ECN model.
Traders at BlackBull Markets gain access to share trading, CFDs, and a growing range of markets from its brands regulated in New Zealand and the Seychelles. BlackBull Markets’ educational content has grown in recent years, but still trails behind what’s offered by the best forex brokers in that category. BlackBull Markets is a competitive broker for UK investors, offering thousands of CFD and equity products with low spreads, advanced trading platforms and sophisticated educational resources. I like the trading experience at BlackBull Markets due to its competitive cost structure and excellent trade execution. BlackBull Markets also supports API trading and offers VPS hosting, making it ideal for advanced algorithmic trading. The asset selection, especially for equity traders, ranks among the top 5 brokers within the retail Forex/CFD industry.
Account Types
With our finds, we see BlackBull Markets provides quality trading conditions and is a fully regulated broker. Part of our testing process involves in-depth research into commissions and fees. BlackBull Markets offers 29, which helped contribute to the broker ranking #6 out of 62 brokers overall in this category. Between 74% and 89% of retail investor accounts lose money when trading CFDs. Blackbull Markets has an exceptional track record and ability to comply with various authorities’ policies and regulations.
We recommend the ECN Standard account for beginners as there is no commission and no minimum deposit. More experienced traders will likely benefit from the tight spreads on the ECN Prime account. Retail traders claim to https://limefx.club/ have a great experience with customer support BlackBull Markets. What’s more, their support team is available 24/7 through email, phone, and live chat, and the team seems to be quick and helpful with their responses.
Triumph FX vs BlackBull Markets
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. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.