BlackBull Markets is a New Zealand-based forex
and CFD broker that offers trading in a wide range of assets, including
currency pairs, commodities, indices, shares, and precious metals. The
BlackBull Markets company is regulated by the Financial Markets Authority (FMA)
in New Zealand and the Financial Services Authority (FSA) in Seychelles.
BlackBull Markets was founded in 2014 and
offers a variety of trading platforms, including MetaTrader 4 (MT4), MetaTrader
5 (MT5), its proprietary web trader, and mobile trading apps. In addition, the
broker offers leverage of up to 1:500 and a minimum deposit of $50. Along with
this, BlackBull Markets also provides its proprietary trading platform that
offers a range of features and tools for traders.
BlackBull Markets provides 24/6 multilingual
customer support and has a demo account available. However, the company does
not disclose how many active clients it has. BlackBull Markets is not publicly
traded and does not offer crypto trading. Moreover, BlackBull Markets also
offers free demo versions of all its platforms to allow potential clients to
test them before committing to a live account.
The BlackBull Markets company has a strong
focus on customer support and provides a variety of ways for clients to get in
touch, including live chat, email, and phone. BlackBull Markets offers a
variety of trading accounts along with swap-free Islamic accounts. The company
also provides a managed account service for those who want to have their
account managed by a professional trader. Moreover, the spread options are
attractive, starting at 0.0 pips on the Institutional account with a $6
commission per lot. BlackBull Markets broker is a regulated firm, and the
deposits and withdrawals are processed safely and securely.
BlackBull Markets safety information
As mentioned earlier, BlackBull Markets is a
regulated broker licensed by the Financial Market Authority (FMA) in New
Zealand and the Financial Services Authority (FSA) in Seychelles. BlackBull
Markets offers segregated client accounts and negative balance protection. When
a broker provides segregated accounts, your funds are held in a separate
account from the company's funds. It provides additional protection for your
funds if the broker becomes insolvent.
Negative balance protection at BlackBull
Markets is a key feature that ensures you will never owe more than your account
balance. It is important because it means you will never lose more money than
you have deposited into your account.
BlackBull Markets also offers safety features,
including two-factor authentication, SSL encryption, and anti-money laundering
(AML) compliance. With AML compliance, BlackBull Markets must verify its
clients' identity and report any suspicious activity to the relevant
authorities. In addition, BlackBull Markets has also implemented Know Your
Customer (KYC), which requires its clients to provide certain documents to
verify their identity.
Regarding data safety at BlackBull Markets,
they have implemented 256-Bit SSL Encryption which is the industry standard. It
ensures that all sensitive data is encrypted and protected from cybercrime.
Regarding account security, BlackBull Markets offers two-factor authentication
(2FA), which adds an extra layer of protection to your account. 2FA requires
you to enter a code that is sent to your mobile phone in addition to your
password to log in to your account.
BlackBull Markets fees
information
The minimum deposit, leverage, and spreads
will differ based on the account type. BlackBull Markets offers three accounts,
and the spreads & commissions also change based on the account type you
choose. The spreads start from 0.8 pips for the ECN Standard account and go
down to 0.0 pips for the institutional account with a commission of $6 per lot.
If you go for the BlackBull Markets ECN Standard account, you don't have to pay
the commissions as the broker earns from the spread fees.
Moreover, BlackBull Markets don't charge
anything on the deposits and withdrawals. However, they charge on withdrawals
that depend on your account type and the method you use to transfer the funds.
The minimum withdrawal charges are 5.00 of
your base account currency, and BlackBull Markets has not mentioned the maximum
withdrawal charges. Regarding inactivity fees, there is no information
available on the BlackBull Markets, but you can contact customer support for
more information. Overall, the fees charged by BlackBull Markets are average
when compared to other brokers in the industry. You can find a detailed fee
structure on the BlackBull Markets website.
Spreads information at BlackBull Markets
Spreads in trading are important because they
can make a difference in your overall profit and loss. The spread is the
difference between the buy price and sales price of an asset, and when you
trade, you need to consider what the spread will be. For example, the spreads
at BlackBull Markets are pretty attractive, starting at 0.0 pips on the
Institutional account with a $6 commission per lot. On the Standard account,
the spreads start at 0.8 pips with no commission; on the Prime account, the
spreads start at 0.1 pips with a $6 commission per lot.
To sum it up, BlackBull Markets is an
excellent choice for those looking for a regulated broker with a strong focus
on customer support. The company offers a wide range of assets to trade, along
with attractive spreads and leverage options. Moreover, BlackBull Markets
charges a small commission on CFD trades, and the deposit and withdrawal
process is safe and secure.
Swap information at BlackBull
Markets
A swap fee is something a trader pays or
earns, depending on the overnight position. The swap rate is determined by the
interest rates of the countries involved in each currency pair and whether the
position is long or short.
When trading with BlackBull Markets, there are
three types of accounts available to choose from Standard, Prime, and
Institutional. BlackBull Markets has not mentioned anything about swap-free or
Islamic accounts on its website.
For those who don't know, an Islamic account
is a particular type of account that some brokers offer to traders who follow
the Muslim faith. These accounts are swap-free, meaning no interest is charged
or earned on positions held overnight.
Deposit and withdrawal options at
BlackBull Markets
BlackBull Markets offer a wide range of
deposit and withdrawal options, including bank wire transfer, credit/debit
cards, and a variety of e-wallets. The minimum deposit is $50, and the
withdrawal processing time is up to 5 business days.
Regarding withdrawal methods at BlackBull
markets, it's similar to the deposit process, and you can use bank wire
transfer, credit/debit cards, or e-wallets. However, due to their AML
compliance, you can only withdraw an amount equal to the deposit amount in
certain situations. Moreover, any withdrawals above the initial deposit amount
must be made via bank wire transfer. As the amount is kept in a segregated
account, your funds are secured with BlackBull Markets.
BlackBull Markets offers leverage of up to
1:500, which is pretty high compared to other brokers. The deposit and
withdrawal take from 1 to 5 business days which is decent compared to other
brokers. To withdraw money, you need to fill out a withdrawal form available on
the BlackBull Markets website. The processing time for withdrawals is up to 5
business days.
With SSL security, both deposits and
withdrawals are processed safely and securely. Overall, BlackBull Markets is a
decent broker with a good range of features and services.
Moreover, they also have a dedicated FAQ
section for fund transfer that is pretty helpful. They've mentioned every
important detail regarding the fund transfer at BlackBull Markets. In addition,
you can also get in touch with their customer support team in case you have any
queries regarding deposits or withdrawals. Below are the details of the minimum
deposit required at every account of BlackBull Markets:
●
ECN Standard — $50
●
ECN Prime — $2,000
●
ECN Institutional — $20,000
In addition, BlackBull Markets also offer
Islamic accounts with the same deposit and withdrawal options.
Tradable markets on BlackBull
Markets
BlackBull Markets offer a wide range of
tradable markets, including forex, index and share CFDs, commodities, precious
metals, energy, and stock trading. The spreads on the ECN account start from
0.0 pips with a $6 commission per lot. The leverage offered by BlackBull
Markets is up to 1:500. Overall, the trading conditions at BlackBull Markets
are pretty good.
Regarding the forex pairs, BlackBull Markets
offer a decent selection of major, minor, and exotic currency pairs. Some
popular BlackBull Markets pairs are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and
NZD/USD. The spreads on these pairs start from 0.0 pips with a $6 commission
per lot.
BlackBull Markets also offer a good selection
of index CFDs, including UK 100, US 30, Germany 30, Japan 225, and Australia
200. The spreads on these index CFDs start from 0.4 pips with no commissions.
BlackBull Markets also offer a decent
selection of commodity CFDs, including Gold, Silver, Brent Oil, and WTI Oil.
The spreads on these commodity CFDs start from 0.0 pips with a $6 commission
per lot.
Regarding stock CFDs, BlackBull Markets offer
a decent selection of US, UK, and Australian stocks. The spreads on these stock
CFDs start from 1.0 pips with no commissions.
BlackBull Markets offers an excellent
selection of tradable markets at competitive spreads. They also provide
leverage of up to 1:500, which is pretty high compared to other brokers. In
addition, they have the majority of the markets covered with a decent selection
of currency pairs, index CFDs, commodity CFDs, and stock CFDs. However,
BlackBull markets don't support crypto trading, which can be a downside for
some traders.
Leverage information at BlackBull
Markets
BlackBull Markets offer leverage of up to
1:500, which is pretty high compared to other brokers. For example, with leverage of 1:500, you can trade with $500 while only putting down $1 as
margin.
When using leverage, it's important to remember
that your losses can also be magnified. Therefore, it's important to use
leverage responsibly and only trade with money you can afford to lose.
BlackBull Markets trading
platforms
BlackBull Markets offers a range of trading
platforms, including MetaTrader 4, MetaTrader 5, and their proprietary
web-based trader. The company also supports mobile trading apps of MT4 and MT5
available for Android and iOS devices. In addition, their proprietary web-based
trader is pretty user-friendly and comes with various features and tools. Let's
have a look at every trading platform available at BlackBull Markets:
MT4
MetaTrader 4 is one of the forex industry's
most excellent and reliable trading platforms. It's a desktop-based platform
that comes with a wide range of features and tools. BlackBull Markets offers
MT4 for both Windows and Mac operating systems. The company also provides
mobile trading apps for Android and iOS devices. In addition, MT4 offers
advanced trading features like Expert Advisors, custom indicators, and an
extensive back-testing environment. MT4 is the best platform for you if you're
into technical trading.
MT5
MetaTrader 5 is the successor of MT4 and comes
with a few additional features. It's a desktop-based platform available for
Windows and Mac operating systems. BlackBull Markets also offers mobile trading
apps for Android and iOS devices. In addition, MetaTrader 5 comes with an
improved strategy tester, advanced indicators, and enhanced charting tools. If
you're looking for a more advanced trading platform, then MT5 is the right
choice.
Proprietary web-based trader
BlackBull Markets' proprietary web-based
trader is user-friendly and comes with various features and tools. It's a
web-based platform that doesn't require any installation. You can simply log in
to your account and start trading. The platform is available in both English
and Japanese. It has advanced charting tools, an economic calendar, and a live
market news feed. If you're looking for a simple and easy-to-use platform, then
BlackBull Markets' web-based trader is the right choice.
The proprietary trading platform of BlackBull
Markets is handy for those who want to trade on the go and need customization.
Compared to MT4 and MT5, the BlackBull Markets' web trader platform is easy to
use.
Mobile trading apps
BlackBull Markets also offers mobile trading
apps of MT4 and MT5 for Android and iOS devices. The MT4 and MT5 mobile trading
apps are available for free. These apps provide all the features and tools
available on the desktop versions. You can simply log in to your account and
start trading on the go.
In addition, BlackBull Markets is known for
its interactive demo account that is available for free. The demo account of
BlackBull Markets comes with a virtual balance, and You can use the demo
account to test the features and tools of their trading platforms.
The ECN Standard account is designed for
beginner traders. The account comes with a minimum deposit of $50 and offers
spreads from 0.8 pips. You can trade with a leverage of up to 1:500, and
there's no commission charged on this account. The BlackBull Markets ECN
Standard account spreads are comparatively higher than other ECN accounts.
ECN Prime Account
The ECN Prime account is designed for advanced
and professional traders. The account comes with a minimum deposit of $2,000
and offers spreads from 0.1 pips. You can trade with a leverage of up to 1:500,
and there's a commission charged on this account. The main advantage of this
account is that it offers low spreads, and there's no dealing desk.
ECN Institutional
The ECN institutional account is designed for
institutional and professional traders. The account comes with a minimum
deposit of $20,000 and offers spreads from 0 pips. You can trade with a
leverage of up to 1:500, and a commission of USD 15 per Million is charged on
this account. The main advantage of this account is that it offers extremely
low spreads, and there's no dealing desk.
How to open an account with
BlackBull Markets
To open an account with the BlackBull Markets,
follow these simple steps:
●
Visit the official website of
BlackBull Markets and click on the 'Open an Account button.
●
Fill in the online application
form with your details.
●
Select the account type you want
to open.
●
Choose your base currency.
●
Upload the required documents, and
once your account is approved, you can make a deposit and start trading.
BlackBull Markets customer
support information
BlackBull Markets offer customer support in
multiple languages, including English, Japanese, Chinese, and Spanish. The
customer support team is available 24/6 via live chat, email, and telephone.
BlackBull Markets support is quite responsive and helpful. Moreover, The
company also has an extensive FAQ section covering all the essential topics.
Research tools of BlackBull
Markets
BlackBull Markets offers a wide range of
research tools and resources that include several advanced features and tools.
The research tools of BlackBull Markets are easy to use and available for
desktop and mobile platforms. Some of the critical trading tools of BlackBull
Markets are:
Autochartist
Autochartist is a handy technical analysis
tool that is available for free. It's an automated tool that scans the markets
and provides real-time alerts. Autochartist is available for both desktop and
mobile platforms. Autochartist helps identify potential trade ideas and market
trends, and it's ideal for those who are into technical trading.
Economic calendar
BlackBull Markets' economic calendar is a
handy tool that helps in keeping track of all the major economic events. The
economic calendar of BlackBull Markets is available for desktop and mobile
platforms. The calendar is updated in real-time, and it's pretty user-friendly.
Social trading
BlackBull Markets also offers social trading features that allow you to
follow and copy the trades of other successful traders. Social trading is
available for both desktop and mobile platforms. The social trading feature of
BlackBull Markets is pretty user-friendly, and it's ideal for those new to
online trading.
VPS hosting
BlackBull Markets also offers VPS hosting
services that allow you to trade with minimum latency. VPS hosting is available
for both desktop and mobile platforms. BlackBull Markets' VPS hosting services
are pretty user-friendly, and it's ideal for those looking for a fast and
reliable trading experience.
FIX API trading
BlackBull Markets also offers FIX API trading
that allows you to trade with high-frequency. FIX API trading is available for
both desktop and mobile platforms. BlackBull Markets' FIX API services are
pretty user-friendly, and it's an excellent choice for those looking for a fast
and stable trading experience.
Educational resources at BlackBull
Markets
The educational material at BlackBull Markets
is quite comprehensive, with various webinars, tutorials, and market analyses
available to clients. Overall, BlackBull Markets is a reliable broker that
offers a wide range of features and services. Let's look at all educational
resources available at BlackBull markets:
Video tutorials
Many video tutorials on the BlackBull Markets
website cover a wide range of topics, including how to use the trading
platforms, how to place orders, and how to conduct market analysis.
Trading guides
The trading guides at BlackBull Markets are
written in a simple and easy-to-understand manner. BlackBull Markets cover many
topics, including forex basics, technical analysis, and risk management.
Trading Glossary
The trading glossary at BlackBull Markets is a
comprehensive guide covering all the key terms, and concepts traders need to
know.
BlackBull Markets review in a
nutshell
BlackBull Markets is reliable and regulated
forex and CFD broker that offers a wide range of assets for trading. In
addition, BlackBull Markets offers a safer way to trade with various account
types that offer attractive spreads and leverage. The company also provides 24/6
customer support and has a demo account available. BlackBull Markets is a good
choice for those looking for a reliable broker.
FAQs:
What's the mandatory minimum
deposit at BlackBull Markets?
The minimum deposit at BlackBull Markets is
$50.
What is the maximum leverage at
BlackBull Markets?
The maximum leverage at BlackBull Markets is
1:500.
Does BlackBull Markets offer a
demo account?
Yes, BlackBull Markets offers a demo account.
Is BlackBull Markets a regulated
broker?
Yes, BlackBull Markets is a regulated broker
with FMA and FSA.
What are the deposit methods at BlackBull
Markets?
The deposit methods at BlackBull Markets are
bank wire transfer, credit/debit card, and e-wallets.
What are the withdrawal methods
at BlackBull Markets?
The withdrawal methods at BlackBull Markets
are similar to the deposit methods, including wire transfer, credit/debit card,
and e-wallets.
How do I open an account with
BlackBull Markets?
To open an account with BlackBull Markets, you
can visit the broker's website and fill out the online form.
Do BlackBull Markets support MT4
& MT5?
Yes, BlackBull Markets supports both MT4 and
MT5 trading platforms.
What are the spreads at BlackBull
Markets?
The spreads at BlackBull Markets start from
0.0 pips on the institutional account.
What is the minimum trade size at
BlackBull Markets?
The minimum trade size at BlackBull Markets is
0.01.
How to contact BlackBull Markets
customer support?
You can contact BlackBull Markets customer
support through live chat, email, and phone.
Does BlackBull Markets offer
educational content?
Yes, BlackBull Markets offers educational
content on its website, including articles, videos, market updates, and more.
Can US residents open accounts at
BlackBull Markets?
No
How to change my password at
BlackBull Markets?
You can change your password at BlackBull
Markets by logging into your account and going to the "Settings" tab.
What account types does BlackBull
Markets offer?
BlackBull Markets offers multiple accounts,
including Standard, Prime, and Institutional.
