Blackbull Markets Review

New traders must submit a copy of their ID and a proof of residency document dated within the past three months. BlackBull Markets answers some questions in its FAQ section and describes its products and services well. Therefore, I believe that most traders will not require assistance unless there is an emergency. In such a case, BlackBull Markets ensures a customer service representative is available.

The broker also offers safety features, including two-factor authentication, SSL encryption, and anti-money laundering compliance. With AML compliance, BlackBull Markets must verify its clients’ identity and report any suspicious activity to the relevant authorities. In addition, They have also implemented Know Your Customer , which requires its clients to provide certain documents to verify their identity. BlackBull Markets customer support team is highly responsive and has experience of over a decade with dealing with customer queries.

Vladimir is an independent trader and analyst with over 10 years of experience in the financial markets. He is a specialist in stocks, futures, Forex, indices, and commodities areas using long-term positional trading and swing trading. Support for bank transfers, as well as a variety of other deposit and withdrawal methods. Multiple trading platforms, including MetaTrader 4 and 5, as well as the proprietary TradeBull platform. A variety of financial instruments for trading, including currency pairs, commodities, indices, and stocks.

From our experience, the support works veritably fast and professionally. The MetaTrader supports all types of specialized analysis and direct request trading. You can use free pointers and analysis tools which are veritably customizable. It’s possible to acclimate the tools to your own trading strategy. Also,multi-charting and one-click trading are supported by the software.

However, any profit made from the demo account cannot be withdrawn. You don’t need to provide any personal info or credit card info to open a demo account. Some brokers like to offer bonuses to their customers such as those seen offered by Firstrade.

BlackBull Markets In-depth Review – Are They A Scam?

The information about BlackBull’s entities and important legal documents can be found in a dedicated section of the broker’s website. Most global clients will likely work with BBG Limited, which is regulated by FSA, a Tier 3 regulator. When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always blackbull markets review check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe. The broker had a good score in the Fees category with low spreads for GBP/JPY, Gold, and Dow Jones.

BlackBull Markets traders can trade faster and more efficiently due to lower latency by being so close to the BlackBull Equinix servers. I always like it when Brokers try their best to deliver the best possible trading conditions for its clients with affordable fees, the right spreads, and speedy execution. This one is the biggest account recommended for trading experts. It needs BlackBull Markets minimum deposit of $20,000 and allows you to customize the server according to your requirements. In addition, the commission charge is negotiable and spreads are as good as 0 pips. BlackBull Markets do charge a small fee on deposits, on all methods besides PayPal.

ECN Bridge Equinix TY3

The minimum deposit, leverage, and spreads will differ based on the account type. The broker offers three accounts, and the spreads & commissions also change based on the account type you choose. The spreads start from 0.8 pips for the ECN Standard account and go down to 0.0 pips for the institutional account with a commission of $6 per lot. If you go for the BlackBull Markets ECN Standard account, you don’t have to pay the commissions as the broker earns from the spread fees. As per our BlackBull Markets review, the platform offers great customer service through online chat, phone, and email. BlackBull Markets scored top in Customer Service because of their speedy and easy responses and the variety of languages supported.

• In short, the trading conditions with this broker are absolutely perfect for all retail traders.
• The major problem that the majority of the users tend to face is the complexity of the platform.
• The products mentioned here may be affected by changes in currency exchange rates.

MetaTrader 4 is a well-known platform that offers a wide range of indicators and timeframes for technical analysis. MT4 is offered by various brokers, so many traders have some experience with this platform. BlackBull has entities regulated by a Tier 2 regulator and a Tier 3 regulator , which provide material protections for investors. Both entities hold their client’s funds separately from the firm’s funds. The broker offers negative balance protection, which means that clients will not lose more money than they have in their accounts.

Our ultimate guide to the BlackBull Markets minimum deposit is updated regularly. New Zealand-regulated BlackBull Markets is a great forex broker. While BlackBull Markets is regulated https://forex-reviews.org/ by the top-tier Financial Markets Authority of New Zealand, the broker doesn’t offer investor protection. You can change leverage levels at BlackBull Markets, which is great.

What is the maximum leverage for BlackBullMarkets?

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. To open an account with BlackBull, go to the accounts comparison page and choose the account you want to open. BlackBull received a high score for Customer Support in our rating due to fast and clear responses and multiple supported languages. Trailing stop order, which is used to set a stop order that will move in case open position trends in the right direction.

The one thing I could not find, which left me disappointed, was a reference to negative balance protection. It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker. I searched their legal documents, but none confirmed the existence of negative balance protection. However, from a regulatory perspective, I can strongly recommend this broker.

For traders seeking a competitive edge, this broker provides a Prime Account. With a fee of US$6 per 100,000 of trades and spreads beginning at 0.1 pip, Prime Account is the perfect choice for traders who want the most value from their trades. Here is a screenshot of the BlackBull Markets MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

If you’re looking for an easy to use and convenient way then the mobile option will be best for you. You can enter/exit positions, manage orders and perform other options from a simple click. BlackBull Markets group has developed strong relationships with both FSPR and ANZ Bank to make sure that they offer the highest level of security to their clients. The best part is, that a majority of this legal information is available in the public domain. In this honest BlackBull Markets review, our research team has uncovered some of the most important points you should consider before selecting your broker. At the end of this article, you’ll be able to decide whether or not to use BlackBull Markets for your online trading needs.

BlackBull Markets Review: Education

With more than 300 tradable instruments covering a range of asset classes, including Forex, CFDs, and Commodities, BlackBull Markets is a top broker based in New Zealand. In 2021, BlackBull Markets services are located in over 180 countries. To sum up, here are the different types of accounts that BlackBull Markets offers.

Covering Forex platforms, trading apps, broker reviews, and all regulated online trading sites. So, thisBlackBull Markets review states that it can be a good broker for both beginners and expert. However, it seems the broker gives more benefits to experienced and institutional traders. They have a long way to go, and getting some regulatory licenses from other top-tier countries will increase their credibility.

BlackBull markets is a New Zealand regulated forex and CFD broker established in 2014. Well, i read few bad comments about Black Bull Markets and i admit that this broker is not perfect for everyone. On my own experiences with this broker since 2018, what i can say is, i will not change my broker as all my needs is there. Never late paying withdrawals, never having problem with the server connectivity and most importantly, never disturb my trades.

Marketing Strategy

Due to this, many experienced investors have at least a portion of their portfolios with precious metals. Some of them are Gold SPot Gold Futures, Silver Spot, and futures. Security and accessibility for users’ funds are of paramount importance in the operation of BlackBull Markets, and it works with ANZ Bank as its banking partner. ANZ Bank is one of the top banking institutions within the Australasia region and has an international presence across Europe, the USA, the Pacific, and Asia. Comparebrokers.co needs to review the security of your connection before proceeding.

BlackBull is an online forex broker well regulated by FMA and FSA with a history around a decade. This page provides an easy-to-understand explanation of how trading operates and the basic principles of technical and fundamental analysis. The basic concepts of trading in forex will be explained in a variety of video tutorials as well as trading guides. Additionally, you can keep updated on the most recent market developments by reading their recent market analysis.

You can trade with your Standard Account using desktop trading platforms, Mac, mobile, and Webtrader. Overall, BlackBull Markets offers a comprehensive offering to traders around the globe. Together with its regulated environment we also found advanced capabilities with competitive conditions among market offerings and is one of the brokers allowing high leverage ratios. 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.

If you refer a client to the BlackBull Markets brand, the broker deposits US$250 in your trading account and the friend’s accounts as a thank-you bonus. You must invite your friends to trade with you from the Refer A Friend page in the customer area, or your friend can inform you of your email address when they sign up. Refer friend bonuses will be deposited directly into your accounts if your friend meets the trade and deposit requirements within 90 days.

Can you trade Crypto on BlackBull markets?

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. Users should be aware that this broker charges currency conversion fees. The swap fees are applicable to keep positions open overnight for swap-free accounts. Further, BlackBull Markets offer negative balance protection for its traders compared to other forex brokers in New Zealand. BlackBull Markets is a New Zealand-headquartered Forex broker and FinTech company.

The 2nd social trading platform is MyFxBook, which offers BlackBull Markets traders with a load of analysis tools. We were very pleased to see this integration during our BlackBull Markets review since copy-trading is an excellent trading tool for beginners. The company also provides a managed account service for those who want to have their account managed by a professional trader. Moreover, the spread options are attractive, starting at 0.0 pips on the Institutional account with a $6 commission per lot.