BlackBull Markets: In-Depth Review

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Based in Auckland, New Zealand, BlackBull Markets is a globally known brokerage. Established in 2014, it is led by CEOs Michael Walker and Selwyn Loekman. BlackBull Markets offers traders highly favorable conditions, including tight spreads and reasonable commission fees. Traders also have the flexibility to choose from three distinct account types. The platform allows for trading across a broad spectrum of instruments, including stocks, forex pairs, CFDs, and commodities.

BlackBull Markets’ trading tools are slightly limited compared to what is offered at other similar brokers and most tools have an additional cost. Both platforms are optimised for Windows, and include real-time market quotes and live charts on financial data, along with extensive coverage of breaking financial news, and analytics. MT4 and MT5 are available for Windows, Macs, Android, iOS, and web browser. As paying or receiving interest is prohibited in Islam, BlackBull Markets have created swap free accounts that operate in full compliance with Sharia Law. Islamic (swap-free) accounts are offered as a variant of the Standard, Prime and Institutional Accounts, retaining all the features of the regular account types.

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It provides educational resources, low minimum deposits, and demo accounts, which are helpful for new traders. FIX is the coding protocol used to place trader’s orders live on the market and MT4 is the FIX application that BlackBull Markets uses. However, some traders require the use of their own FIX application, and for this purpose, BlackBull Markets offers a FIX API. FIX API allows institutional clients to bypass the BlackBull MT4 application and connect directly to the ECN grid using their own FIX.

Blackbull Markets Account Types

While there are no deposit fees, the withdrawal charges can be annoying, especially compared to brokers offering free withdrawals. It offers 24/7 support through live chat, WhatsApp, email, and phone, and you can even reach agents on social media including Facebook, X, and Instagram. Three requirements any successful trader needs from an ECN/NDD trading environment are deep liquidity, institution-level pricing, and high leverage. BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this.

They have everything that you would need for following the markets, placing and managing trades. Overall, I found the trading experience with BlackBull Markets to be enjoyable and stress free. 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.

Traded Instruments

Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with BlackBull please share your personal review of the broker and what you think are strong and weak points. However, although I can access support in different time zones, the absence of localized support in multiple languages may limit accessibility for non-English speakers. Exploring alternatives like IC Markets or TopFX might be worthwhile if you want zero spreads and fee-free withdrawals. The only downside is that BlackBull may close your demo account(s) if it has been inactive for 30 days. Swap-free accounts are available on all accounts for clients adhering to Sharia law.

These instruments are liable for a 0.20% commission on the traded volume. According to my findings, BlackBull Markets charges low spreads on indices and cryptocurrencies, low-to-average spreads on share CFDs, and average spreads on currency pairs and commodities. 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. In addition to the proprietary BlackBull Invest and BlackBull Copy Trader, it supports MetaTrader 4, MetaTrader 5, cTrader, ZuluTrade, and TradingView.

Spreads & Commission

The institutional account requires a minimum deposit of $20,000 and has customisable server options. The larger your trading volume, the better commission deal you will be able to negotiate. The prime account requires a minimum deposit of $2,000 and runs blackbull markets review on the Equinix NY4/LD4/TY3 servers. Spreads start from 0.0 pips and there is a competitive $3 commission charge.

BlackBull allows traders to deposit any amount they wish following the initial minimum deposit. 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.

• If there is a market movement that I plan on taking advantage of, I want my funds available to trade with as soon as possible.
• BlackBull Markets offers more than 26,000 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, equities, ETFs, bonds, and options.
• It boasts 44 analytical charting tools, 21 timeframes and 38+ preinstalled technical indicators.

If there is a market movement that I plan on taking advantage of, I want my funds available to trade with as soon as possible. Clients can trade from market open on Monday to market close on Friday, 24 hours a day 5 days a week. The brokers specific opening hours are different across the world due to time zone differences. They have a great selection of forex currency pairs and some major stock indices.

• BlackBull Markets provides its clients with an extensive range of valuable educational tools.
• Setting up my account was quick and easy, with a seamless online form and fast verification.
• BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders.
• Functionality and software are the same for all accounts offered so all available software, instrument range, and tools are available.
• BlackBull Markets is an innovative, multi-regulated broker trusted by tens of thousands globally.

BlackBull Copy Trader is a streamlined social trading platform that enables clients to automatically replicate trades from top-performing investors. Ideal for both beginners and experienced traders, it offers a simple setup, just choose a strategy provider and allocate funds. The platform displays real-time performance metrics, enabling clear transparency and informed decisions. BlackBull Markets provides a comprehensive suite of educational resources and trading tools to support clients in enhancing their knowledge and skills. These resources cater to traders of all experience levels, from beginners to advanced market participants. By offering a diverse range of educational materials, BlackBull Markets empowers its clients to make informed trading decisions and develop effective strategies.

It is best that you avoid forex trading if you do not understand it or have experience because of the risk involved. BlackBull Markets offers ECN brokerage services, which means that there is no conflict of interest between the trader and the broker. With BlackBull Markets, you can use the popular MetaTrader 4 or MetaTrader 5 trading platforms. You also have the option of trading through their popular proprietary trading platform which is called BlackBull Markets Shares. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis.