At ForexBrokers.com, 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. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). It’s also important to note that BlackBull Markets xcritically has a relatively small number of regulatory licenses. BlackBull Markets gives you access to the most popular trading platforms used by Forex brokers. This combination of educational content and practical trading tools makes BlackBull Markets a strong broker for both lxcriticalg and trading in various financial markets. Use the calculator below to compare BlackBull Markets’ trading costs with competitors like City Index and IC Markets.
BlackBull Markets trading platforms and tools
The ECN Institutional account was not part of the comparison since its commission fees are always subject to negotiation based on trading volume. BlackBull Markets also boasts some of the most advanced and intuitive trading technologies, with robust features and sufficient assets to cater to diverse trading preferences. Thanks to its cutting-edge Equinix server, BlackBull Markets offers near-instant execution. In a recent study conducted by CompareForexBrokers.com, it was ranked the #1 fastest broker. The broker’s social trading tools, including ZuluTrade and Myfxbook, are also top-notch, and the company offers the most comprehensive educational resources.
The account creation may be fast (can be completed within a few minutes), it may xcritical scammers take up to 24 hours to verify your trading account. When your account is verified, you will have to fund your account using any of the available payment methods before you can start trading. As a standard practice, you make withdrawals using the same deposit method.
It prides itself on speed and precision, promising traders ECN/NDD execution with deep liquidity through the MT4/MT5 trading platforms. I have conducted an in-depth review to determine if their advertised ECN, deep liquidity, and price aggregation, as well as institution-level pricing for retail traders, lives up to the hype. 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.
Inactivity Fees
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. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker. Other products have a reduced leverage, which is normal with CFDs brokers, but still a good amount of leverage. In this article, you’ll get a review of this broker, including analysis and instructions to open an account with BlackBull Markets. BlackBull Markets offers over 26,000 different financial products to choose from. Traders can request withdrawals from the secure back office of BlackBull Markets in a straightforward process, usually completed within 24 hours except for bank wires.
The research also consists of technical analysis, but the entire package costs $45 monthly. The primary regulator of BlackBull Markets is the New Zealand Financial Markets Authority (FMA). It also maintains a subsidiary, BBG Limited, authorized by the Seychelles Financial Services Authority (FSA). The broker is also a member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. The FSCL is a conflict resolution scheme that ensures that promotes a high level of transparency, ensuring that conflicts are dealt with impartially and independently.
You can trade CFDs in 27 commodities, such as energies (Brent crude, WTI and natural gas), precious metals (gold, silver and copper) and cash crops (soybeans, corn, cotton and coffee). BlackBull’s 11 crypto assets comprise popular coins such as Bitcoin, Ethereum, Litecoin and DOGE. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. BlackBull is a broker considered to be of “Average Risk” with a trust score of 78 based on rankings from ForexBrokers.com, providing a relatively secure trading environment.
Interestingly, BlackBull Markets has won the highly coveted Deloitte Fast 50 award on many occasions — 2018, 2019, and 2021. BlackBull Markets is a true ECN broker that allows clients to buy and sell over 300 financial instruments across different asset classes, including equities, Forex, commodities, CFDs, and more. The broker provides traders with institutional-grade trading conditions and exceptional customer service and support. BlackBull Markets has a few competitors, including XM, Pepperstone, FXCM and Admiral Market. Like BlackBull Markets, these brokers provide multi-asset CFD trading to institutional and retail investors. BlackBull’s 26,000+ tradable assets, low trading costs and minimal entry barrier are key competitive advantages.
With a BlackBull Markets MT4 or MT5 trading account, traders can seamlessly open short-term or long-term trades in gold and silver. They can also trade in both long and short directions and can hedge their positions as they want. With BlackBull Markets, Gold and Silver can be traded at their spot prices or via futures. The broker allows traders to benefit from the precious metals markets by offering CFDs in various precious metals, which traders can use to speculate on the price movements or hedge against inflation. This is unlike most financial firms that would charge a certain amount on trading accounts after a prolonged period of inactivity. BlackBull Markets will not charge any deposit fees, just like most online brokerage firms.
- The trading fees, including commission and spread, are competitive, and execution is lightning-fast and precise — a unique feature of an ECN broker.
- They can also trade in both long and short directions and can hedge their positions as they want.
- BlackBull Markets offers an Institutional account, which is meant for high-volume traders.
BlackBull Markets Trading Tools
Please consider contacting a professional advisor if you require any financial assistance. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
Blackbull Makrkets Trading Hours
These accounts are in the ANZ Bank in New Zealand, one of the most trusted banks. BlackBull Markets offers an Institutional account, which is meant for high-volume traders. BlackBull Markets is a Forex broker that gives you a wide range of instruments to trade besides Forex.
Demo Account
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution.
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. There’s also no minimum deposit needed to start copy trading their signal providers. On the other hand, each xcritical reviews signal provider may set some funding parameters that you’ll need to meet to be able to copy them. Yes, BlackBull Markets is a legit broker and company and your funds will be securely held in segregated accounts.