BlackBull Markets Broker Review Forex & Stock Trading at BlackBull Markets

BlackBull Markets offers multiple platforms, including the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps. BlackBull Markets offers a range of fee-free funding methods while requiring no minimum deposit to start trading. 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. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.

Regrettably, BlackBull Markets limits its demo account to just 30 days, and it is only available on the MT4 trading platform. While the trading conditions are not identical to a live one, BlackBull Markets should allow for longer than 30 days. Here is a screenshot of the BlackBull Markets MT4 trading account xcritical official site during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Due to AML / CTF laws, BlackBull Markets cannot deposit funds to third parties. As a result, all money withdrawn from your account must go to a bank account in the same name as your BlackBull Markets trading account.

Commissions

The broker xcritical courses scam offers over 20 funding options, including bank transfer, credit/debit cards, crypto, Airtm, Skrill, Neteller, SEPA and AstroPay. Typically, your location or jurisdiction determines the acceptable payment method. Depending on your chosen method, the deposit processing time ranges from under a minute (instant deposit) to up to 24 hours or a few days. The account minimum, spread and commission depend on your selected account types.

The broker stores client funds in segregated accounts at ANZ Bank, one of the most reputable financial institutions in New Zealand. This ensures that traders’ funds are readily accessible at all times and remain unaffected if the broker fails. I like that BlackBull Markets offers the FIX API, allowing algorithmic traders to connect advanced trading solutions. Free VPS hosting from NYC Servers or BeeksFX is available for ECN Prime accounts with trading volume above 20 lots, which is an offer I find reasonable. 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.

Deposit and Withdrawal

1. You can execute trading via the web without downloading any software onto your device using the MT4 WebTrader.
2. The broker is fully regulated by the New Zealand Financial Markets Authority (FMA) and Seychelles Financial Services Authority (FSA) and offers negative balance protection.
3. BlackBull Markets offers cryptocurrency CFDs, but not physical cryptocurrency trading.

The domain blackbull.com is registered under our company, Black Bull Global Limited. Thats a question for the broker to answer but generally speaking, it wont matter where you trade from. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.

It would be great if they could in the future offer a wider selection of assets to trade. BlackBull Markets uses the STP and ECN execution models with no dealing desk intervention. The STP (straight-through processing) model offers real market quotes with marked-up spreads, and orders are routed directly to the liquidity providers that make up the interbank market. BlackBull Markets offers swap-free trading on the ECN Standard and ECN Prime accounts.

Popular Forex Guides

This reduction is vital for strategies like scalping and automated trading, as it minimises slippage risks and ensures accurate trade execution. Ideal for technical analysis enthusiasts, TradingView combines powerful charting with a social networking aspect, allowing traders to share and discuss trading ideas. This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest.

For instance, the commission-free and zero-deposit ECN Standard account makes it easy for anyone to start trading, and it takes under five minutes to sign up. BlackBull Markets offers negative balance protection, which ensures you won’t lose more than you deposited during widespread market volatility. If you’re a margin trader, check that your broker has this protection, as it can help minimize risk.

We used demo accounts across various top brokers for uniformity, focusing on both limit and market orders. The testing involved MT4 Expert Advisors specifically designed for these order types, which measured the time between order placement and execution. The ECN Standard Account, with no commissions and wider spreads, is typically preferred by beginner traders. The ECN Prime Account, offering lower spreads with commission fees, is ideal for experienced, high-volume traders.

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. In our 2024 Annual Awards, BlackBull earned Best in Class honors for our Offering of Investments category. That said, BlackBull still has room to further improve against the competition. We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would only improve its Trust Score. The only condition is that you have enough funds and your copy-trading parameters allow it.

BlackBull Markets ensures seamless trading on the move with mobile apps for all its platforms, including MetaTrader 4, MetaTrader 5, and cTrader. Available for both iOS and Android devices, these apps offer the flexibility to trade and manage investments from anywhere. They maintain the core functionalities of their desktop counterparts, such as advanced charting, analytical tools, social networking, and copy trading. The average spread figures for BlackBull Markets are derived through a monthly comparison of published fee data and real-time testing on live accounts. This process ensures an accurate and up to date analysis of brokers spreads. I appreciate the flexibility at BlackBull Markets for deposits, as after the initial deposit, follow-on amounts remain at the discretion of traders.

Read our full explanation and accounting of our research and testing process to learn more about how we test. The minimum amount to be able to request a withdrawal from BlackBull Markets is $1. On the other hand, the ECN Standard Account doesn’t charge any commissions. With these types of accounts, on each specific symbol, you can only have one single position in one direction.

An even better account option for well-funded and expert high-volume traders is the ECN Institutional account. It features spreads starting from 0.0 pips (ultra-raw spread), a $4 per lot commission and a $20,000 minimum account requirement. That is, a total trading cost of $4, which is low compared to the other accounts. As shown in the table below, these commission rates are lower than most top brokers such as Pepperstone, IC Markets, and EightCap, which charge $3.50 USD. I like the spreads available at BlackBull Markets, which confirm the existence of institution-level pricing for retail traders. A typical raw spread of only 0.1 pips during the London/New York overlap is very competitive and an excellent offer from BlackBull.

With over 26k tradable assets, you won’t have a hard time finding an instrument that matches your trading style. Experience BlackBull Markets’ institutional trading conditions combined with MetaTrader 4 (MT4), the world’s most popular trading platform. BlackBull Markets offers 24/7 customer support via live chat, email, and phone, ensuring clients have continuous access to assistance. Although 20 different payment methods are offered, availability varies depending on your location.