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). Yes, based on your detected country of FI, you can open an account with this broker. We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe.
Blackbull Markets Payment Methods
Available for both iOS and Android devices, these apps offer the flexibility to trade and manage investments from anywhere. This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest. Provided you can prove you are of Islamic faith, you will be able to use this pricing structure with any of the Standard, Prime, or Institutional account types.
Trading Platforms and Tools
After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences. BlackBull Markets does not charge any internal fees for deposits or withdrawals. But, it is important to note that some payments to and from overseas banking institutions may incur intermediary transfer fees from either party independent of BlackBull Markets. BlackBull Markets does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your BlackBull Markets trading account.
BlackBull also offers TradingView as a standalone platform in addition to the MetaTrader solutions. Unfortunately, BlackBull Markets doesn’t offer a proprietary solution, but MT4 and MT5 have a built-in copy-trading system and BlackBull Markets offers both platforms as a desktop client, webtrader, and mobile app. 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. It ensures high-speed trading and offers scalpers and other high-frequency traders the precision trading they require.
This fee is charged per trade and is also dependent on the volume of your trade. As a trader on Blackbull Markets, how much commission you pay per lot for any trade depends on your account type. If you use an ECN Standard account, you don’t have to worry about commissions.
BlackBull Deposit Options and Fees
BlackBull Markets, established ten years ago in Auckland, New Zealand, is still expanding its international presence, evident from a monthly search volume of 18,100. Despite blackbull markets review this, it is a leading broker in New Zealand that is highly regarded in the local market, it ranks as the 40th most popular forex broker among the 65 brokers analyzed. Web traffic data positions it somewhat higher, with Similarweb reporting 415,000 global visits in February 2024, placing BlackBull Markets as the 33rd most visited broker.
- 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.
- We do not present any investment advice or guarantees for the accuracy and reliability of the information.
- Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries a risk of financial loss and may not be suitable for all investors.
- For instance, debit/credit card withdrawal can only be used for accounts that made deposits using a debit/credit card.
- If you wish to do desktop trading on the Blackbull Markets, there are many options.
BlackBull Markets Broker Review
My team created a trading platform selector so you can work out what software best matches your trading needs. I recommend you complete our short 5-step questionnaire to determine your most suitable forex platform and then read the relevant section about how BlackBull Markets performs. The spreads for major currency pairs such as EUR/USD, GBP/USD, AUD/USD, and USD/CAD are generally lower than the industry averages, although some pairs may have higher spreads. TradingView stands out with its charting and social trading tools, and cTrader impresses with sleek design, advanced charting, and Level II pricing.
When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. BlackBull Markets has set a 70% margin call and 50% stop-out, protecting traders from the risk of complete account wipeout due to adverse market volatility. BlackBull Markets provides reliable 24/7 customer support via live chat, email, and phone.
Interactive Brokers
We will then look at the payment methods available, users’ opinions on online social platforms, and the safety of the broker. This is the broker’s in-house multi-asset trading platform tailored for investors seeking access to global financial markets. Black Bull Invest allows clients to trade a wide range of underlying assets, including shares, options, ETFs, bonds, and other listed securities. Designed with both retail and professional investors in mind, the platform provides a robust environment for portfolio building, strategy execution, and in-depth market research.
BlackBull Markets offers 26,000+ shares, options, bonds, and ETFs via its BlackBull Invest platform—all ideal for longer-term trading. The cTrader platform is ideal for automated trading, as it accommodates the execution of trading bots and algorithms. Moreover, traders with BlackBull Markets can utilize its free VPS hosting and FIX API solutions to achieve ultra-fast order execution speeds. Their support agent “Jonathan” was very fast in answering my rather complex questions, such as withdrawal times and account currencies, which left me pleasantly surprised. I always put a strong emphasis on customer support when choosing a broker to trade with, as I want reassurance that my trading issues can be quickly resolved.
- Had a slight problem with a withdraw due to new bank account confirmation requirements, but Matti helped me sort it out in now time.
- I like the spreads available at BlackBull Markets, which confirm the existence of institution-level pricing for retail traders.
- One of the most ignored trading costs is swap rates on leveraged overnight positions.
- However, We always encourage traders to test brokers with a demo account or with a small deposit.
- Though BlackBull Markets is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses.
The fee is charged monthly until activity resumes or the account balance drops to zero. 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. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. In my estimation, BlackBull Markets provides great conditions for day traders, chart artists, copy traders, and algorithmic traders.
You will be happy to know that BlackBull Markets has no minimum deposit requirements to open its standard account. From my experience with MT5, I have found it particularly useful for trading across multiple markets, especially when I need advanced charting and analysis. If you are the kind of trader who appreciates a detailed and flexible trading system, then MT5 is your go-to platform.
As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system. Verification can help ensure real people are writing the reviews you read on Trustpilot. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
Deposits and withdrawals at Blackbull Markets can be executed through several different methods, which we will review here. The available methods include debit cards, credit cards, bank transfers, e-wallets, and cryptocurrency transfers. Blackbull Trade is a web and mobile application that allows you to trade with Blackbull Markets without the need for a third-party platform like MT4 or 5. The app comes with many advanced features to make your trading more seamless, such as trading bots and price analysis features. All other activities not classified as trading activities fall under non-trading activities, and the fees they incur are known as non-trading fees. These activities are more passive in nature, such as account maintenance, administration, etc.
All the same channels for deposits on the Blackbull Markets trading platform also work for making withdrawals. However, there is a little snag in the fact that the cost of withdrawals is quite high, at $5, for all methods. This account type is for those interested in trading real shares instead of the share CFDs available on the other account types. As the shares tradable here are not leveraged, this account type does not come with leverage. What type of trading you can do, what benefits you can enjoy, and what platform features you can access can be determined by what account type you operate. If the platform options are diverse, you are more likely to find one that suits your specific trading needs.
Leave a Reply