BlackBull Markets commissions offering is definitely at par with major market players. Their offer suits both low volume traders interested in no commissions and high volume traders looking for a commission driven approach with low spreads. For self-help resources, their website features a comprehensive FAQ and glossary section, offering detailed information about forex and CFD trading and the broker’s specific services. BlackBull Markets offers a range of fee-free funding methods while requiring no minimum deposit to start trading.
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). 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.
I always recommend that traders check them before evaluating the total trading costs. BlackBull offers a vast selection of markets, with 72 forex pairs and over 26,000 tradeable symbols, making it highly recommended for traders seeking a broad array of investment opportunities. BlackBull Markets share trading platform can be a little intimidating for new users but if you’re an experienced trader, you’ll find that this platform can solve all your trading needs.
BlackBull Markets Research and Analysis Tools
BlackBull Markets’ Education Hub is a comprehensive resource for traders looking to enhance their knowledge and skills. The hub includes a variety of educational materials and tools designed to cater to both beginners and experienced traders. Operating from their Auckland, New Zealand office, the support team is well-equipped with expert trading knowledge, ready to provide quality answers to client enquiries. BlackBull Markets provides a straightforward account opening process with a focus on compliance and security.
Other trading platforms
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. Wow I can not overemphasize on the outstanding customer service I received from one of the agents by name Rodolfo. The customer service is pretty straightforward, I think it’s the best broker in terms of customer service. BlackBull Markets has no minimum deposit requirement for its ECN Standard account, $2,000 for ECN Prime, and $20,000 for ECN Institutional.
Their commissions and spreads are definitely competitive ones and all their accounts operate under the ECN model. We consider them a great choice for intermediate to experienced high volume traders, on the other hand, for beginners they’re lacking better account options and more educational tools. Key to our methodology is the emphasis on platform features, trading costs, and execution speeds.
BlackBull Markets support rocks!
In assessing BlackBull Markets, we’ve employed our thorough methodology, aimed at assisting traders in selecting the most suitable forex broker for their requirements. Our evaluation includes an analysis of 40 brokers, spanning eight critical categories. This process is backed by extensive research and technical testing, including the use of automation tools such as Expert Advisors, Indicators, and Scripts. BlackBull Markets offers trading platform demo accounts to allow traders to practice and familiarise themselves with the platforms before trading with real funds.
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. Three requirements any successful trader needs from an ECN/NDD trading environment are deep liquidity, institution-level pricing, and high leverage.
In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website. Thats a question for the broker to answer but generally speaking, it wont matter where you trade from. BlackBull Markets has strong reviews on TrustPilot with a score of 4.1 out of 5.
MetaTrader 4
- BlackBull Markets’s standout feature is its ultra-fast order execution, a critical advantage for many traders wanting to avoid slippage.
- 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.
- Adjust for trade size, currency pair, and base currency to see how BlackBull Markets stacks up against these brokers in terms of trading expenses.
- This ownership grants investors certain privileges, such as voting rights in company decisions, which are not available with CFD trading.
We meticulously measure spreads and commissions through various methods, including the analysis of average monthly spreads published by brokers and actual testing via MT4 indicator bots. Blackbull Markets is one of xcritical rezension the fastest-growing forex brokers attracting professional traders and those using automation. We found their popularity can be attributed to their technology stack from advanced trading platforms to the fastest execution speeds of any broker worldwide. BlackBull offers an excellent forex and CFD trading environment, featuring extensive trading instruments and advanced trading platforms.
It is a xcritical scam wonderful choice for traders that demand superior market access and tools. BlackBull Markets’ standard account average spreads, such as 1.20 pips for EUR/USD, are competitive and close to the industry norm, with only a 0.1 pip difference from the leading brokers. Their spreads across other major currency pairs like AUD/USD, EUR/GBP, GBP/USD, and USD/JPY also align with industry averages, offering traders fair and consistent trading costs without commission fees.
BlackBull Markets process all withdrawal requests within 24 hours, and the back office handles all financial transactions from an easy-to-use interface. BlackBull Markets answers some questions in its FAQ section and describes its products and services well. Therefore, I believe that most traders will not require assistance unless there is an emergency. In such a case, BlackBull Markets ensures a customer service representative is available. We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points.