Additional recommended security measures include solid and varied passwords, 2FA and using firewalls and antivirus software to protect your devices. BlackBull Markets will not share or sell your data to a third party without your consent except to comply with judicial orders. You can review the Privacy Policy and Compliance Requirements to understand how the company manages your data and your individual responsibilities. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Complete the application form and provide the relevant verification details including identity documentation.
BlackBull Markets impressed me with its wide offering of trading platforms and tools, including MetaTrader, TradingView, cTrader, and ZuluTrade. Overall, the broker provides 7 systems for social trading, automated trading, and advanced technical analysis, three of which are proprietary. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. BlackBull Markets offers an impressive selection of trading tools to enhance clients’ trading experience.
- BlackBull Markets is well-respected and trusted by thousands of traders globally because of its excellent trading conditions, robust security measures and regulatory oversight.
- From a security perspective, client deposits remain well-protected, but I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts.
- The one thing I could not find, which left me disappointed, was a reference to negative balance protection.
However, withdrawals are liable for a $5 handling fee charged internally that may be added to any third-party banking fees the trader may have to pay depending on the used payment method. Furthermore, BlackBull incorporates advanced platforms (TradingView, cTrader) with professional-grade charting capabilities. These accommodate high-frequency trading and allow traders to conduct sophisticated technical analyses.
The average spread cost for the EUR/USD pair using a Prime account stands at 0.76 after factoring in commissions, which is about industry average. The minimum deposit at BlackBull Markets varies depending on the type of account you choose ranging from $0-$20,000. For an ECN Standard Account, there is no minimum deposit requirement, making it accessible to traders with different budget sizes. However, if you opt for an ECN Prime Account, the minimum deposit is $2,000. For traders xcritical reviews seeking a more customized solution and lower commissions, the ECN Institutional Account requires a minimum deposit of $20,000. BlackBull Markets offers 24/7 customer support via live chat, email, and phone, ensuring clients have continuous access to assistance.
The minimum deposit for the ECN Prime account of $2,000 is a bit high but remains acceptable. Overall, the core trading environment is outstanding, and I rank BlackBull Markets as a leading choice for demanding equity traders, asset managers, and Forex traders. The broker distinguishes itself with an extensive selection of trading platforms. Traders have the option to choose from seven platforms, supporting social and copy trading, automated trading, and advanced technical analysis. Additionally, algo traders can benefit from BlackBull’s FIX API and VPS hosting services.
Maximum Leverage by Asset Class
I found some of the additional questions unnecessary, as traders can fill them out as they wish, and there is no verification of the answers. BlackBull Markets includes the account verification with the account opening form, which I like, as it is a requirement and saves traders the extra step from the back office. New traders must submit a copy of their ID and a proof of residency document dated within the past three months.
Does BlackBull accept U.S. clients?
All platforms are available with mobile compatibility, including free downloads to iOS and Android devices. When we used the apps on a portable device, our experts confirmed all options are fully functional with interactive navigator windows. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously xcritical scammers served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. BlackBull is a broker considered to be of “Average Risk” with a trust score of 78 based on rankings from ForexBrokers.com, providing a relatively secure trading environment.
BlackBull’s Proprietary Technology: BlackBull CopyTrader and BlackBull Trade
CTrader also caters to the needs of high-yield/high-risk traders with its smart stop-outs. It mirrors or mimics a live trading account but with fake or virtual cash. Additionally, the BlackBull Markets’ library of insightful educational content is readily available to help you navigate the complexities of the trading world. Unlike other brokers, BlackBull Markets also provides educational resources for intermediate and advanced trading, hoping to update their trading experience.
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).
Removed all profits after 2 years trading
They maintain the core functionalities of their desktop counterparts, such as advanced charting, analytical tools, social networking, and copy trading. Also available is TradingView, a popular trading platform that delivers a range of powerful charting functions and robust analysis tools. More recently, BlackBull further expanded its platform offering with the addition of its web-based BlackBull Trade platform powered by DXTrade. I assess that BlackBull Markets’ research content is mostly geared towards technical analysis, with some fundamental breakdowns. This combination is practical and mostly tailored to suit the needs of less experienced traders who are less likely to pay attention to the big picture and what is driving the market. The Standard account is quite accessible, given that it has no minimum deposit requirement, whereas the Prime account offers more competitive pricing.
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. Traders have access to customer support 24/7 via live chat, which I find the most convenient form to connect. A phone number, including a toll-free for New Zealand, and nine e-mail addresses are also listed, one with support in Chinese. I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided.
The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000. BlackBull Markets offers traders an excellent asset selection, placing it in the Top 5 brokers in the industry. Forex traders get 60+ currency pairs, but the bulk consists of 23,000+ equity CFD and the underlying asset for direct share dealing from 80+ global stock exchanges.