BlackBull Markets Review 2024: Pros & Cons

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. Resuming the production of live streams would be a step in the right direction for BlackBull Markets, along with a general expansion of daily content. Use our country selector tool to view available brokers in your country.

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. BlackBull Markets has significantly expanded its range of markets with the launch of BlackBull Shares. Today, BlackBull offers over 26,000 tradeable symbols; 2,500 are available on MetaTrader 5 (716 in Prime account) and TradingView, and 311 symbols on MetaTrader 4. The table below summarizes the different investment products available to BlackBull Markets clients.

How Do I Open A Live Account With BlackBull Markets?

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. Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor. For example, the addition of quizzes and progress tracking features could help BlackBull further improve its educational offering for retail xcritical scammers traders. BlackBull Markets offers spreads that vary by market but typically align with the industry average. The swap fees I recorded were high, however, swap-free trading is available through BlackBull’s Islamic accounts. BlackBull Markets has a few competitors, including XM, Pepperstone, FXCM and Admiral Market.

Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

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. BlackBull Markets has integrated robust safety nets with a margin call at 70% and stop-out at 50%. This combination suits more risk-averse traders and also those with less experience, as the likelihood of incurring significant losses due to adverse volatility is decreased. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

1. The trading fees, including commission and spread, are competitive, and execution is lightning-fast and precise — a unique feature of an ECN broker.
2. Traders can use finger recognition to access their accounts from the app.
3. I think the broker’s pricing structure is particularly well-suited for intraday trading.
4. Like BlackBull Markets, these brokers provide multi-asset CFD trading to institutional and retail investors.
5. Withdrawals above the deposit amount using payment processors are not possible.

Trading Technologies

Account registration and onboarding, including documentation and know-your-customer (KYC) processes, takes under five minutes. For beginners, the demo account is invaluable for backtesting strategies, getting acquainted with trading platforms and building the confidence necessary for live trading. Our review of BlackBull Markets has uncovered several good reasons to open a live account, including access to competitive spreads and a wide choice of platforms and tools. Regulation and customer protection will vary between the trading entity. I like that BlackBull Markets offers the FIX API, allowing algorithmic traders to connect advanced trading solutions.

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. 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.

BlackBull Social

Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. I determined that BlackBull Markets is a very good choice for those interested in automated trading or scalping. The broker achieves median execution speeds of under 75 milliseconds and offers free VPS hosting and FIX API – both facilitate even faster execution and lessen the risk of negative slippage. Comprehensive information on specific support resources, such as account, platform and market support, can be found in the support dropdown tab at the lower part of the menu. BlackBull Markets provides round-the-clock customer support through Live Chat, email xcritical cheating or telephone.

Beginner traders get fifteen videos, and numerous short Trading Guides, offering an in-depth introduction to trading. While I prefer more content, BlackBull Markets presents enough information for beginners. 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.

BlackBull Account Types

BlackBull Markets adheres to segregated client funds in top-tier banks and offers negative balance protection. You can contact the customer support team via several methods, including telephone, email, and 24/7 live chat. The WebTrader eliminates the need to install any additional software and offers all the same benefits as the desktop version, including drawing tools, financial news and live pricing. 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.

BlackBull Markets, a forex and CFD broker based in New Zealand since 2014, caters to a global clientele, offering access to over 26,000 tradable instruments across various markets. However, there are several futures contracts available for more experienced traders to hedge against both expected and unexpected changes in volatility. BlackBull Markets also provides FIX API and Virtual Private Server (VPS) hosting for low-latency trading, mitigating the risk of negative slippage. Free VPS hosting is available to clients with $2000 or more in their accounts and at least 20 lots of traded volume per month.

BlackBull Markets Review

Like all referrals, BlackBull Markets designed its affiliate program to meet innovative marketing needs. For instance, it offers affiliate partners personal support and tools for tracking their affiliate business growth. Additionally, partners benefit from the guidance of a Personal Affiliate Manager with years of industry experience. Additionally, it requires a $2,000 minimum deposit and a $6 per lot commission. You may wonder, “What then makes this account popular?” To grasp this, you must understand how trading costs and pips work.

I performed my tests on a Standard trading account using the desktop version of the cTrader platform and the mobile app version of BlackBull Trade. Some features and services may vary depending on where you reside and which entity you open an account with. BlackBull’s highly efficient support team and dedicated account manager ensure immediate assistance whenever necessary.