BlackBull Markets Review 2023: Pros, Cons, Fees, & Key Takeaways!

Like with everything else, with investment and trading, you have choices based on your preference. Please list the options you are looking for, and explore the options we have provided in each category. Some brokerages have more regulatory authorizations granted than BlackBull Markets, which can be one of the deciding factors when choosing a brokerage. While BlackBull Markets is a great global brokerage, it is not the number one in every trading product. This forex broker is based in Auckland, New Zealand, and regulated by FSPR in New Zealand.

• I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided.
• BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders.
• A scalping broker follows a trading scheme where he suggests the trader open the account and invest, considering a price change, and then promptly advises the trader to close the trade once a profit is made.
• Changing the leverage is a very useful feature when you want to lower the risk of your trade.
• BlackBull Market is a well-regulated broker that does not accept third-party payments.

BlackBull Markets doesn’t have its own self-developed trading platform, instead it offers the MetaTrader 4 third-party platform. BlackBull Markets has established itself as one of the safest and most secure brokers in the retail Forex industry. Headquartered in New Zealand, it has a regulatory license and oversight from the competitive and active Financial Markets Authority. It also operates a subsidiary in Seychelles, complying with the Financial Services Authority, one of the up-and-coming Forex regulators globally. BlackBull Markets has had a spotless operational record since 2014, the year it was founded. It may archive dormant accounts after a select period of inactivity, but traders can reactivate them without losing capital.

Blackbull Markets Reviews

Maybe you are looking for better customer service from a BlackBull Markets alternative

or more competitive BlackBull Markets fees and more financial instruments to trade. If you are looking for a trading platform that offers similar features to BlackBull Markets or BlackBull Markets. Or if you are looking for features that BlackBull Markets does not offer that you require when trading, we will show you the best BlackBull Markets alternative options below. Trade forex, indices and commodities on MT4 with BlackBull using low variable spreads starting from 0.0 pips (see account type information below). BlackBull connects you to MT4 via the NY4 Equinix server on Wall St; thus ensuring execution speeds of 2-5 milliseconds!

Here is a screenshot of the BlackBull Markets MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Some are not very popular or difficult to trade due to various economic reasons. Hence, forex pairs are filtered into categories known as Major, Minor, and exotic. Different types of pairs can sometimes incur a different fee and not all currency pairs may be tradeable at any one operator.

BlackBull Markets Alternatives Offering Major Forex Pairs

You can decide for yourself if

BlackBull Markets is a good broker for you or not by reviewing the criteria. In general,

BlackBull Markets provides trading service in

Forex , Gold & silver , CFD , Stocks and Crypto . As for the payment methods, you can choose between

PayPal, Skrill, Credit/debit cards, Neteller, Local bank transfer, FasaPay and AstroPay. The customer support is available via

Email, Phone, Live chat and WhatsApp.

Actually we found that BlackBull markets is a highly regarded broker, as the clients they serve are mostly happy with the trading conditions and the service provided alike. As well as numerous awards confirming BlackBull Market’s success within the industry and placing them among regarded trading providers for its great technology and innovation. Myfxbook is a social trading site, which allows users to share, analyze, track and compare their trading activities.

Withdrawals are generally processed within the next 24 hours from the request submission. Credit card and bank transfers are the only non-instant withdrawal methods. Therefore, black bull markets are an ideal choice for a newbie and an expert as well.

BlackBull Markets answers some questions in its FAQ section, where any queries for products and services are answered thoroughly. It also offers a toll-free number and email address for contacting customer support. BlackBull Markets presents a mobile-native platform that allows investors to access 23,000+ shares in 80+ global markets, and is accessible from one simple, retail-accessible app. Through this mobile trading platform, you can trade stocks, options, and futures from anywhere. The BlackBull mobile trading platform allows you to trade and manage share accounts from anywhere by offering a great mobile trading environment. Spread Betting offers a variety of betting options to traders, allowing them to bet on various financial instruments.

The term “precious” refers to a naturally occurring chemical element with a high economic value. The term “precious metals” is often used to refer to the most secure investments during periods of turbulent markets and volatility. Due to this, many experienced investors have at least a portion of their portfolios with precious metals.

Also, be aware that some withdrawal fees may not be from BlackBull Markets but from your payment method. 3rd party payment processing fees may be for various reasons, including limefx scammers converting currency and transferring money

between international banks. Compare BlackBull Markets withdrawal fees with some BlackBull Markets alternatives below.

As with withdrawal fees, you may also face charges for depositing money to BlackBull Markets or your BlackBull Markets alternative. Just ensure you understand why you are paying broker deposit fees so you can factor the deposit fees into your costs. You can see how BlackBull Markets compares to some BlackBull Markets alternatives for inactivity fees below. Users should be aware that this broker charges currency conversion fees.

Learn more about IC Markets with this video

Moreover, for ECN institutional accounts, the spread starts from as low as 0 and its commission is also negotiable. Blackbull markets will provide you VPS hosting connected by the fiber optic cable to Equinix servers. This feature allows the MT4 platform to run without needing the computer switched on. A VPS hosting can be customized according to your needs and lessen latency by up to 30%. It is used by clients who cannot afford downtime and need to run their trading platform 24/7. It offers less professional services with lower overall costs but gives access to all blackbull market products.

The broker enables multiple trading solutions as a financial services provider with proprietary software to aggregate powerful trading performance along with competitive pricing. It began its operation back in 2014 through Auckland New Zealand and combines years of Institutional Forex experience with a focus on resource offering to retail traders. BlackBull Markets clients can withdraw money from BlackBull Markets using the same options as deposits. However, credit cards, Skrill, and Neteller withdrawals are subject to a fee of 5 in the account base currency. These fees are charged by the remitting banks as well as payment system providers.

CFD fees

The client funds are held at one of New Zealand’s oldest banks, ANZ, and the bank is secure, reliable, and located in one of the most politically stable countries in the world. Essentially, this means if the broker goes bust, your money is still secure and protected. BlackBull Markets also leverage Straight Through Processing (STP) to provide even further security, as BlackBull Markets are effectively cut off from client trades. There is no concern of a BlackBull Markets scam as this broker is most certainly legitimate. In terms of account management, there are no charges to open an account and there are no inactivity fees either.

Standard account holders won’t have to pay any commissions, but prime account holders will face $3.00 per lot. The Australian Securities and Investments Commission is the prime regulatory authority for Australia. https://limefx.name/ When looking for global brokerages, check if they have an ASIC regulation. Having that would mean that you have some level of regulation and protection when trading on the Australian investment market.

BlackBull Markets Alternatives offering VIP Accounts

BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade plus newcomer HokoCloud. BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders. There is no deposit insurance at BlackBull Markets, but other security measures have been made to protect client funds. This information was also very transparent during our BlackBull Markets review. BlackBull Markets keep client funds in secure and segregated accounts from that of the brokers.

It ensures high-speed trading and offers scalpers and other high-frequency traders the precision trading they require. It would be great if they could in the future offer a wider selection of assets to trade. There are no account management fees or inactivity fees of any kind when trading CFDs.

BlackBull Markets Non-Trading Fees

We were very pleased to see this integration during our BlackBull Markets review since copy-trading is an excellent trading tool for beginners. You’d think the mobile trading platform would be the same as the web traders, as they are both MetaTrader 4, but there are some seriously beneficial differences. The desktop platform is as intuitive as the mobile app but has the additional function of alerts and notifications. The trading platforms are all highly functional with excellent features, but the learning curve may be a bit steep for some beginners.

The Mobile version also takes extra benefits from FIX API trading capability and VPS servers. Blackbull Markets is a CFD/ Forex brokerage house launched back in 2014. They provide fintech solutions for worldwide clientele and No dealing desk brokerage house specialized in CFDs, forex, fiber-optic communication, and commodities. Blackbull Markets is focused on providing institutional-level resources to its clients. It also has branches in countries other than New Zealand such as Malaysia, U.S.A, and New York. While Active or professionals traders will better use ECN Prime account with raw spreads from 0.1 pips and a commission charge $6 per trade.