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. If you enjoy multi-asset trading on the go and need a robust mobile platform, BlackBull Trade might just be what you need. This is more so because its features mirror MT4/MT5 and cTrader but with added flexibility and convenience.
Broker Reviews: Forex, CFDs and Trading Platforms
- On the other hand, it doesn’t provide services to residents of some countries, or a country where providing that service would be contrary to the local law or regulation.
- These features are particularly beneficial for strategies such as scalping or automated trading, where the combination of speed and narrow spreads is crucial for success.
- Furthermore, accounts with no spread or commission can be opened depending on your preference.
- She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology.
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. The $1 price difference translates to thousands in additional annual profit under similar conditions and trading strategies, particularly for high-volume and high-frequency traders. BlackBull Markets lives up to its hype as a well-established and globally renowned ECN broker. The firm blends comprehensive tradable assets with robust trading technology, unparalleled tools and exceptional educational resources.
About The BlackBull Markets:
We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would only improve its Trust Score. This means that you can trade using micro lots, equivalent to 1,000 units of the base currency, which is the same as trading with a 0.01 lot size. Unfortunately, BlackBull Markets doesn’t offer a no-deposit bonus for new clients. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker.
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Spreads are very important when it comes to forex trading, especially for intra-day traders and scalpers – much less so for swing traders as they are taking moves for thousands of pips. With BlackBull Markets, there are a few different account types and these all come with a varying spread. On the most common ‘ECN Standard’ account, you have spreads ranging from 0.8 pips, with $0 commission per trade! This is very similar to the likes of IC Markets are other True ECN Brokers in the market. With the ‘ECN Prime’ account, you have access to spreads from 0.1 pips and a commission of $6 per lot.
BlackBull Markets Professional Account
Free VPS hosting from NYC Servers or BeeksFX is available for ECN Prime accounts with trading volume above 20 lots, which is an offer I find reasonable. BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade https://forexbroker-listing.com/ plus newcomer HokoCloud. BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution.
Another is cTrader automate, which allows traders to create their own automated robots. Unlike MetaTrader 4 this is based on C# API to write the code with a test environment provided to simulate trades with the robot. IG Group, which is Australia’s largest retail foreign exchange broker was considered the second-best when it came to education. The IG Academy included interactive education, webinars, and seminars as well as a demo account to trade risk-free. They assess risk, implement controls, and help maintain a strong compliance culture within the organisation. Blackbull offers a good range of trading tools compared to other brokers.
The minimum deposit required to start trading online with BlackBull Markets is $200 whilst free demo accounts are available if you wish to practice your trading strategies to begin with. BlackBull Markets is a New Zealand-based STP/ECN broker established in 2014 that offers trading on a huge range of tradable assets, including Forex, cryptos, commodities, over 26,000 shares, and indices. Trading costs are lower than average on its entry-level accounts and improve further on its commission-based accounts, but this is in exchange for very high minimum deposits. BlackBull also offers a great choice of trading platforms, including MT4, MT5, TradingView, its own in-house platform, BlackBull Trade, and an in-house share trading platform – BlackBull Shares. Education and market analysis are also good compared to other brokers, and deposits and withdrawals are free.
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
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. Once your account is approved, you can make a deposit to your BlackBull Markets account and start trading on one of their trading platforms. Depositing money and withdrawal was super fast and not a single problem. According to a variety of users and reviews, BlackBull Markets is considered to be a good forex broker. This is because the broker has low forex and CFD, with a fast and efficient account opening process that’s fully digital and user-friendly. On the other hand, those who prefer trading cryptocurrency have the option to do so as well.
These online resources combined with the in-person seminars they hold periodically across Australia, which was why this FX broker was considered the best in the category. This offer of services is also not intended for residents of the European Union, the United Kingdom nor any non-resident of New Zealand. Market reviews – A section covering high-impact economic events, with expert commentary and videos from Blackbulls global market analysts. Overall, BlackBull Markets’ account-opening process is easy and hassle-free and are generally ready for trading within one business day. Once you have uploaded those documents, you receive an email saying your account will be opened and verified soon. For me, after uploading the documents, I had a verified BlackBull Markets account with login details within just a few hours, making it one of the quickest brokers I have ever signed up with.
Another trading tool available to use is “Autochartist.” The software program uses AI to determine forex chart patterns using various technical indicators. This program runs all day and sends these free forex signals directly to your device. They operate with an NDD system (No Dealing Desk), which means they get unfiltered access to interbank market exchange rates, making trading smooth. Inside the support section of BlackBull Markets website’s menu, there is an area called “Market Reviews” where they provide a daily analysis of a few assets of their own choice. We use dedicated people and clever technology to safeguard our platform.
However, despite its multi-channel customer support and impressive awards, the broker has an average Trustpilot rating of 3.4/5 with various negative comments. Whether this reflects the broker’s overall customer service or indicates a few dissatisfied customers is not entirely clear. BlackBull Markets provides high-quality articles and daily news that shed light on current global market trends and those of New Zealand, the U.S. and more.
From there, users may need to go through a 4-step process to make sure that the funds go into the right account. As such, funds are only eligible to be withdrawn into a bank account under the user’s name. Apart from that, BlackBull Markets also charges a commission and other fees whenever CFD and forex trades are made. It also has financing rates which are considered to be average when compared to its peers.
First, on the standard account, the minimum deposit is $0, which means there’s no limit to how little you can go. BlackBull Markets share trading platform is exclusively available on Android and IOS devices and is none other than the platform created by Interactive Brokers which is considered one of the best ever made. There’s no denying that scammers and unregulated services are a major concern for traders, which is why it’s so important to choose a broker that you can trust. BlackBull Markets offers a free demo trading account for beginners to practise trading risk-free. I highly recommend black bull..it’s really good trading platform so far.
BlackBull Markets makes money from spreads, commissions, and swap rates on leveraged overnight positions. 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. BlackBull Markets recently expanded its market research coverage with the acquisition of research firm ATM Strategy. 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. Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose.
The broker does not charge a handling fee for deposits, however, a $5 fee is applied to withdrawals. I appreciate the flexibility at BlackBull Markets for deposits, as after the initial deposit, follow-on amounts remain at the discretion of traders. Another positive is that traders may deposit in nine currencies, but not all deposit methods support each of them. I do not like the $5 withdrawal fee, which most brokers do not charge. BlackBull Markets process all withdrawal requests within 24 hours, and the back office handles all financial transactions from an easy-to-use interface.
In the world of money and investments, finding a good place to trade is super important. This review is all about BlackBull Markets, a broker from New Zealand that has won some big awards. Thinkmaverick.com earns commissions from some of the services/products listed on this site. BlackBull Markets offers trading guides, trading glossary, breaking news, video analysis, breaking news, blackbull markets review expert commentary and more to help you stay ahead of the game. It is important to note that the availability of trading instruments may vary depending on your location and the specific account type you have with BlackBull markets. MT4 and MT5 are desktop-based platforms that can be used on Windows and Mac operating systems and also have mobile versions for Android and iOS devices.