BlackBull Markets Review: Key Findings for 2022

Always 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. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about.

That being said, MT4 should be more than enough for most traders so this is not really a deal breaker. I still use MT4 and have always been happy with it so not felt the need to move up to MT5 just yet. BlackBull Markets let you trade with the popular and highly acclaimed trading platform MetaTrader 4 by MetaQuotes. I love this platform as it is very easy to use and supports automated trading with expert advisors .

blackbull markets

In a bid to ensure that traders get the most out of their trades, the broker makes available the FIX API tool. While the MT4 serves as the FIX or coding protocol for placing orders live on the market, the FIX API is provided for traders who wish to use their own FIX application. It offers direct market access , allowing traders to connect directly to the broker’s ECN network with faster speeds and lower latency. This can be a great solution for those of you who are running HFT strategies and automated systems that need the best pricing possible.

If you want their contact information, you can find it on their website. You might also want to check their FAQ section as it will be helpful. So, overall, we can confidently say that BlackBull Markets’ customer support is top-notch.

What types of accounts does Blackbull Markets offer?

In addition to the currency pairs, indices, commodities and metals are also offered. In summary, the fast execution and low fees make the conditions perfect for Forex traders. According to my research, Blackbull Markets is a broker specializing in forex trading.

blackbull markets

To withdraw funds from your BlackBull account you simply should login to your account area or a Client Portal and submit a request. BlackBull Markets Funding Methods we ranked Good with overall rating 9 out of 10. There is No Minimum deposit, yet Fees are either none or very small also allowing to benefit from various account based currencies and local deposits availabile in some regions.

Are BlackBull Trading Fees Good?

The broker also provides trading guides – a collection of articles on various topics. A trading glossary, a typical feature for many brokers, is also provided. Limit order, which is used to buy or sell the instrument at a preset price, or better. This order is used when the trader wants to establish a position at a certain level and is not willing to pay current market prices. Using limit orders is a good way to control risks because the trader controls the price that will be paid.

The broker does not charge an inactivity fee on dormant accounts. They offer advanced and versatile trading platforms along with various useful trading tools. The account opening process is straightforward and takes just a few minutes to complete whilst you can make deposit and withdrawals using a good variety of payment methods.

  • Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed.
  • BlackBull received an average score in the Trust category as the broker has entities that are regulated by Tier 2 and Tier 3 regulators.
  • The most important concepts are explained in theTrading Glossary.
  • On the downside, the educational and research support is limited.
  • I think the managed account solution offered is one of the best I have seen from any broker.

All that a BlackBull Markets client has to do is sign-up for a Myfxbook account and link it to their BlackBull Markets Account. Founded in 2014, BlackBull Markets are an award-winning online broker based in New Zealand who offer institutional grade trading conditions on user-friendly platforms, specialising in Forex and CFDs. BlackBull Markets are expanding at a rapid pace, picking up multiple awards along the way.

The longer the track record a broker has, the more proof we have that it has successfully survived previous financial crises. BlackBull Markets provide some trading ideas through their analyses, which are accessible in the ‘Market Review’ section of the ‘Client Support’ tab. BlackBull Markets’stock index CFD selection is better than it competitors. Forex and commodity CFD selection are similar to its competitors’ offering. BlackBull Markets has clear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. These reports can be accessed under the ‘History’ tab, but we didn’t find a way to download them.

What’s Wrong With License and Regulation

As well you may see more spread examples below and compare fees to another popular broker Pepperstone or other competition shown on the table below. BlackBull Overall Ranking is 9 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. blackbull markets review BlackBull received a lower score on Research in our rating due to an extremely limited research support. We have contacted BlackBull customer support several times, and their responses were timely and professional. BlackBull offers trading in commodities like WTI Oil, Natural Gas, Gold, Silver, and others.

blackbull markets

The company is also registered with New Zealand’s Financial Services Provider Registry . Basically, this is an award-winning online broker and also a proud sponsor of motorsport champion Tom Alexander. If you are unsure you should get independent advice before you apply for any product or commit to any plan. You’ll have to pay exchange rates to transfer your funds into NZD and then back again when you withdraw cash. Since it’s a New Zealand company, BlackBull Markets isn’t regulated in Canada.

Consequently, this makes the platform more reliable, thereby allowing traders to execute trades as fast as 2-5 milliseconds. BlackBull Markets’ MT4 system is highly customizable and user-friendly. On top of that, it is packed with features like interactive charts, technical indicators, instant execution.

What about the minimum deposit?

PsyQuation can analyse your trading, advising you on weak areas and ways in which they can be improved. You can set goals, control your trading via the dashboard, gain useful insights and set notifications. You can create a PsyQuation account and link it with your MT4 account. Instead, I would prefer to just trade on a demo account in order to improve my skills. You can open a free demo account with BlackBull Markets to trade risk free.

BlackBull Customer Support Test

It would be great if the broker added cryptocurrencies to its product offerings along with some stocks of individual companies. If you want to trade forex, you should find more than enough instruments. If you are looking for stocks and crypo trading, then you might want to have a look at FP Markets instead. The good news is that you can choose the demo balance between $5,000 and $100,000. On top of that, you can choose from a range of MT4 trading platforms.

If yes, provide custom accounts to their largest traders. Additionally, the broker usually provides several market reviews articles every week under the market reviews section. So, whether you are an advanced or beginner trader, you are sure to find the educational materials helpful. On the flip side, though, the company does not provide negative balance protection to its clients. Therefore, it may not be wise to conduct highly leveraged trading with this broker. The BlackBull Markets Metatrader 4 Forex Brokers contains an array of features including real-time market quotes and live charts on financial data.

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