BlackBull Markets offers more than 26,000 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, equities, ETFs, bonds, and options. The bulk of the offering is only available on the BlackBull Invest platform. Overall, I concluded that BlackBull Markets’ trading fees are indeed competitive. The broker charges low-to-average spreads and swaps across popular instruments. However, its non-trading fees, including its withdrawal and dormancy fees, exceed the industry average. Blackbull offers an excellent trading experience with a user-friendly interface and high-quality market analysis.
Traders who wish to have access to BlackBull’s entire tradable instruments selection must go for its flagship BlackBull Invest platform. Compared to the industry average, I assessed that BlackBull Markets offers an average number of currency pairs and cryptocurrencies, and a high number of commodities, share CFDs, and indices. According to my live tests, BlackBull Markets’ ECN Standard and ECN Prime accounts have pricing mechanisms that meet the industry average. The ECN Institutional account offers much more competitive conditions, but it also has a relatively high deposit requirement of $20,000. The integration of advanced trading tools on Blackbull enhances my ability to analyze the market.
However, it is worthy of note that spreads are not fixed as they are subject to change throughout the day and spread differs per account type. ECN Prime accounts have a spread floating from 0.1 pips and ECN Institutional accounts have spreads starting from 0.0 pips. BlackBull Markets is an ECN (electronic communications network) multi-broker that was established in 2014. Headquartered in Auckland, New Zealand, it has offices in the Asia-Pacific, North America and other European regions. It also has trading servers in Tokyo, London, Shanghai, New York and Hong Kong.
With instant deposit options and low fees for withdrawals, BlackBull Markets stands out for its commitment to customer convenience and transparency. Key to our methodology is the emphasis on platform features, trading costs, and execution speeds. 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.
- Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
- BlackBull Markets’ educational and research materials are also diverse and highly informative.
- Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise.
- However, the broker has occasionally provided promotional offers in the past, such as deposit bonuses or trading credit incentives, aimed at new clients to enhance their initial trading capital.
- The processing time for deposits is generally quick, but bank transfers might take longer.
- 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.
Support contact
VT Markets is a multi-regulated CFD broker based in Saint Vincent and the Grenadines that offers multiple trading instruments. We will cover the leverages, spreads, trading platforms & apps, account opening and verification processes, fees and commissions, and safety measures, all in this VT Markets review. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.
How can I contact BlackBull Markets’ customer support?
They also hold a licence in Seychelles, providing an additional layer of regulatory oversight to ensure the safety and security of client funds. The broker is regulated by the Financial Markets Authority — the government agency is responsible for regulating financial markets in New Zealand. To ensure that it does not use clients’ funds to run its operations, the broker keeps clients’ funds securely in segregated accounts with ANZ Bank in New Zealand. 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.
BlackBull’s indices trading is available as Contracts for Difference (CFDs), allowing traders to take long or short positions with competitive spreads and fast ECN execution. This enables traders to capitalize on market movements without owning the underlying assets. Overall, BlackBull Markets provides a robust range of indices, blackbull markets review suitable for traders interested in global stock market trends.
How do I deposit/withdraw money into/from a BlackBull Markets account?
Regarding deposit fees, BlackBull Markets does not charge anything, making it cost-effective for you to fund your account. BlackBull Markets offers a variety of account types to suit the needs of different traders. They include the Standard Account, Prime Account, and ECN Prime Account. Each account type comes with its own set of features and benefits, tailored to the specific needs of traders with varying levels of experience and trading preferences.
Interestingly, BlackBull Markets offers ultra-low latency trading on CFDs, and they do not charge a commission on Index CFDs. BlackBull Markets offers a proprietary mobile app, available for free download to iOS and Android devices. Alternatively, I found that can you use MT4 and MT5 on mobile and tablet devices.
BlackBull Trade
- BlackBull Markets will not charge any deposit fees, just like most online brokerage firms.
- The platform ensures that all transactions are secure, with no hidden fees for deposits and minimal charges for withdrawals, typically $5 for most methods.
- BlackBull Markets offers a range of powerful trading platforms for you to choose from.
- I tested the desktop version of the cTrader platform, which is among the most versatile and feature-rich platforms in the industry.
The account creation may be fast (can be completed within a few minutes), it may take up to 24 hours to verify your trading account. When your account is verified, you will have to fund your account using any of the available payment methods before you can start trading. In this broker review, we will pay attention to the important aspects of BlackBull Markets, which you may want to consider before deciding whether to trade with this online brokerage. The aggregated score of BlackBull on Trustpilot’s website, as of Oct 30th, 2024 is 4.7/5, which is based on 757 customer reviews. Of the total number of reviews left on BlackBull’s page on Trustpilot’s website, 88% gave the broker a score of 5 stars, while 6% rated the brand with 1 star.
Although the educational content is informative, it still lacks some of the depth found with top-tier brokers, particularly in areas like interactive courses and quizzes. However, BlackBull is continuously expanding its educational offerings to improve trader knowledge. BlackBull Markets offers a variety of spread options depending on the account type.
The broker allows traders to diversify their portfolios and access global equity markets through a range of Index CFDs, including AUS200, GER30, US30, SPX500, UK100, and JPN225. That said, a refer-a-friend scheme was live, offering up to $250 for both the referred client and the referee. As with all promotions, eligibility requirements apply, including an initial deposit of $500 and at least five FX lots to be traded by the referred client.
The educational materials aim to enhance traders’ knowledge and skills, enabling them to make informed trading decisions. Blackbull Markets offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their user-friendly interfaces, advanced charting tools, and extensive technical analysis capabilities. Traders can access these platforms on desktop computers, web browsers, and mobile devices.