Today, BlackBull offers over 26,000 tradeable symbols; 2,500 are available on MetaTrader 5 (716 in Prime account) and TradingView, and 311 symbols on MetaTrader 4. The table below summarizes the different investment products available to BlackBull Markets clients. Unfortunately, BlackBull Markets doesn’t offer a no-deposit bonus for new clients.
That said, BlackBull still has room to further improve against the competition. We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would only improve its Trust Score. BlackBull Markets recently expanded its market research coverage with the acquisition of research firm ATM Strategy.
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. 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. 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. While writing this review I was surprised by the number of instruments. With over 26k tradable assets, you won’t have a hard time finding an instrument that matches your trading style.
This ensures that your trades go directly to the market, and there’s no intervention or dealing desk manipulation. This broker is an ECN broker, meaning that it uses electronic systems to match buy and sell orders in financial markets. This results in tight spreads, fast executions, and more transparency. In this article, you’ll get a review of this broker, including analysis and instructions to open an account with BlackBull Markets. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I was waiting for my application to get approved and decided to ask customer service for a status update.
See how BlackBull Markets stacks up against other brokers. Use our country selector tool to view available brokers in your country. You are allowed to do copy trading on your BlackBull Markets account. There are no restrictions against hedging with your BlackBull Markets account. BlackBull Markets offers Micro Accounts to its customers. If your equity (Balance + Open Profit or Loss) falls below the required margin you will receive a margin call.
The interface is easy to use, deposits and withdrawals fast and easy with many different options. The best part is their super fast and excellent customer service on WhatsApp, especially Mariana of their team. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. It’s also important to note that BlackBull Markets xcritically has a relatively small number of regulatory licenses.
Forex Risk Disclaimer
She was very kind and approved my documents needed for verification just after few hours I sent them. Read our full explanation and accounting of our research and testing process to learn more about how we test. Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand. The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014. The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA).
If your thing is EA trading, and your trading volume exceeds the minimum threshold, then apply to your free VPS. What this means is that your free margin must always be above 50%. If it falls under this value, the platform will start to automatically close your positions to keep the free margin above the threshold.
In May 2023, BlackBull Markets received an investment from Milford Asset Management, a prominent private equity firm in New Zealand, which included the appointment of an independent Chairman. BlackBull Markets accepts residents from all over the world except some specific countries. BlackBull Markets doesn’t accept clients from the United States, Canada, and OFAC-sanctioned countries. The minimum amount to be able to request a withdrawal from BlackBull Markets is $1. This may change based on the withdrawal method that you chose. Net accounts are especially useful when you want to be able to add and reduce your position size.
- I’ve been with Blackbull for a while, after having a bad experience with other brokers.
- When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker.
- If you don’t like hedging accounts, there’s also an alternative.
- BlackBull Markets gives you access to the most popular trading platforms used by Forex brokers.
- BlackBull Markets is a maturing broker that has been in operation for nearly a decade and has made great strides over the last two years toward improving its value proposition to traders and investors.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Select one or more of these brokers to compare against BlackBull Markets.
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BlackBull Markets is a xcritical official site forex broker located in Auckland, New Zealand, and was founded in 2014. It goes against our xcriticals to offer incentives for reviews. We also ensure all reviews are published without moderation.
BlackBull Markets Reviews
This account charges commissions based on the lot size that you trade with a value of $4.00 per lot. When trading BlackBull Markets forex currency pairs, your lot sizes start at 0.01 and can go up to 100. After almost two years of trading, they decided to remove all profits (10k). They never bothered to show any evidence, or give a detailed explanation. All they said was that my trading account “appears to exploit specific market conditions”. Before that, I never heard any remark from them.They even dared to say that my trading is against the ethical standard of their trading framework.
BlackBull Markets Account Types
You can opt to copy-trade as many signal providers as you want. The only condition is that you have enough funds and your copy-trading parameters allow it. This is great because you can stop trading for the time that you want, and you can be sure that no inactivity fee will be charged to you.
The main differences are the lower spreads and commissions. A bigger deposit scammed by xcritical is also required which is at least $20,000. You get the same high leverage as in the other account types. You can use TradingView to trade, but the best of all is that you are eligible to have a Premium TradingView plan for free. The only condition is that you trade at least 10 lots per month. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker.
Education
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. BlackBull Markets offers multiple platforms, including the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps. The BlackBull CopyTrader is completely free either to join or to use. There’s also no minimum deposit needed to start copy trading their signal providers.
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