Great customer service experience thanks to Jessica’s excellent support! To wrap it up, BlackBull Markets is a top-notch broker that provides a fantastic trading experience. Whether you’re a new trader or an experienced one, BlackBull Markets is a top choice for your trading journey. This one is for big traders who want special services.
This account posts generic, empty phrases like „Discounts, amazing products, trusted brand and certification,” along with similar messages with short dates, exclusively addressed to dubious companies, brokers shut down due to fraud, or Ponzi schemes. Below this review are three more reviews with virtually the same text, posted from similarly new accounts, and the usernames continue as „customer2.” Furthermore, they are only 5-10 minutes apart. The ECN Prime, the most popular option, also requires no deposit and offers spreads from 0.0 pips, but with a $3 commission per side.
Setting up my account was quick and easy, with a seamless online form and fast verification. BlackBull Markets has been around since 2014 and is a well-established broker based in New Zealand. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Founded in 2013, Tradingpedia aims at providing its readers accurate and actual financial news coverage. BlackBull Markets stands out as a premier online broker offering access to more than 26,000 tradable instruments across Forex, Shares, Commodities, crypto, and more. In addition to these support channels, BlackBull Markets has compiled an extensive knowledge base for answers to common questions.
Additionally, the brokerage maintains an active presence on social media platforms such as Facebook, LinkedIn, Instagram, X (formerly Twitter), and YouTube. The company maintains a reputation for highly knowledgeable and responsive customer-support staff. BlackBull Markets offers competitive fees on shares from US, Australian, and New Zealand companies. This account type features extended trading hours, advanced analysis tools, 70+ order types, and data feeds from 66+ third parties.
ECN Institutional Account
The broker also charges a handling fee for withdrawals and an inactivity fee for dormant accounts. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. I opened an ECN Standard account with the BBG Limited entity and performed my tests on the desktop and mobile app versions of the cTrader platform. The broker provides two proprietary platforms—BlackBull Invest and BlackBull CopyTrade—and incorporates MT4, MT5, cTrader, TradingView, and ZuluTrade. The broker incorporates market research from Myfxbook and also develops excellent research content in-house. Moreover, traders with BlackBull Markets can utilize its free VPS hosting and FIX API solutions to achieve ultra-fast order execution speeds.
- The MT5 platform provides advanced charting and fast execution, making it suitable for futures traders seeking flexibility and precision.
- With over 70 order types, Black Bull Invest supports flexible trade management across various market conditions.
- If you prefer a callback or an online chat, BlackBull Markets offers comprehensive support options to cater to your preferences.
- The broker enables multiple trading solutions as a financial services provider with proprietary software to aggregate powerful trading performance along with competitive pricing.
cTrader Platform: My Key Takeaways
Traders can watch 3000+ videos, join webinars, listen to daily podcasts, and practice strategies on a demo account, without extra costs. BlackBull Markets does not charge withdrawal fees, but some payment providers might have their own terms. Most methods process instantly or within a few business days with no hidden fees.
What is the minimum deposit required at BlackBull Markets?
You will get the best liquidity and execution with this broker. More than 64 currency pairs are available for trading. The Forex Broker is fully regulated in New Zealand and provides a very good service. On this page, we showed you all the details of the company, and we are impressed that the broker is very transparent. They offer a bigger amount of tradable assets and have better withdrawal and deposit options.
The MetaTrader supports all types of technical analysis and direct market trading. For trading forex, BlackBull Markets is offering the well-known trading platform MetaTrader 4. You get better conditions if you deposit more money because the broker can earn more money from the high trading volume Furthermore, the spreads are very low on every market, and it is depending on your account type. First of all, we have to mention that everyone can create a free demo account with BlackBull Markets to test the trading service.
BlackBull Markets Account Types:
TradingView stands out with its charting and social trading tools, and cTrader impresses with sleek design, advanced charting, https://xcritical.solutions/ and Level II pricing. Some competitors, like IC Markets, offer zero spreads and free withdrawals, which is worth considering. Funding your account is free, but the $5 withdrawal fee is disappointing since accessing funds should be free. There are over 60 forex pairs, 11 commodities, 17 cryptocurrencies, and 31 futures, but competitors like IG, CMC Markets, and Eightcap offer much more. You can choose from nine base currencies, including USD, EUR, and GBP, which is more than eToro, which offers me just three. Thankfully, live accounts allow more flexibility, staying open for up to a year without activity.
Platform is great. Support is awesome!
BlackBull’s support division offers multiple channels to resolve technical, transactional, or administrative questions swiftly. Where service is permitted, standard KYC documentation (ID plus address proof) initiates the account‑opening journey. To prevent abuse, referees must be genuinely new to the platform and complete full account verification. BlackBull intermittently introduces promotional campaigns—deposit bonuses, trading rebates, and referral incentives—aimed at rewarding new sign‑ups and retaining active users.
This is not a big deal since deposits can be returned but if you are new to trading you might not be willing to part with this large sum to start off. BlackBull Markets charges a $5 per withdrawal, while there are no fees for deposits or inactivity. As shown in the table below, these commission rates are lower than the industry average, with brokers charging around $3.44 USD. BlackBull Markets charges competitive commission fees, ECN Prime Account holders pay $3.00 per side per 100k traded, while ECN Institutional Account holders pay $2.00.
Password Issue Help
BlackBull Markets is a state-of-the-art platform designed for traders of all levels, from beginners to experienced professionals. Despite its legal registration and numerous xcritical cheating reviews, the platform has a mixed practical background for most traders. Legitimate brokers deduct fees from your balance – they never demand new deposits. The ECN Institutional is designed for high-volume traders, with a minimum deposit of $20,000, spreads from 0.0 pips, and a $2 commission per side. Our goal is to provide verified information about the broker and protect traders from potential problems, as this platform isn’t as straightforward as it first appears.
- BlackBull Invest is the broker’s dedicated platform for share trading, offering access to global equity markets.
- It operates with the ECN execution model, which offers instant access to the interbank markets without the intervention of a dealing desk.
- Was a great experience overall and Ryan was super chill guy to talk to when sorting this out.
- The platform is smooth and reliable, and support has been excellent.
- With a relentless commitment to reshaping the financial industry, BlackBull Markets operates under the supervision of esteemed regulatory bodies worldwide.
BlackBull Markets Brokerage Fees
Of the total number of reviews left on BlackBull’s page on Trustpilot’s website, 91% gave the broker a score of 5 stars, while 4% rated the brand with 1 star. In this broker review, we will pay attention to the important aspects of BlackBull Markets, which you may want to consider before deciding whether to trade with this online brokerage. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
Let’s now see which of the ECN Standard and ECN Prime accounts offer cheaper trading costs. From the above, we can see that the average spread on the Standard Account is marked up by 0.7 pips to cover the costs of trading since no commission is charged on that account. Let us take a quick look at the trading fees that are available at Blackbull Markets. Although this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administration fee on trading positions.
Are traders protected by negative balance protection?
BlackBull Markets includes the account verification with the account opening form, which I like, as it is a requirement and saves traders the extra step from the back office. Given the excellent trading infrastructure and competitive trading costs, I don’t consider the absence of incentives for new retail traders to be a negative. While BlackBull Markets does not offer bonuses, it maintains an Active Trader Account where it presents qualifying traders with monetary incentives like lower commissions or free services like VPS hosting. In such cases, the broker ensures a customer service representative is available. Beginner traders get fifteen videos, and numerous short trading guides, offering an in-depth introduction to trading.