BlackBull Markets’ monthly trading volume reportedly exceeds $22 billion, suggesting a substantial operational scale despite its mid-range positioning in search and traffic metrics. The table below compares the two different speed measurements Ross collected against the average of the other 35 forex brokers. BlackBull Markets trading experience is further enhanced by their use of Virtual Private Servers (VPS) in partnership with BeeksFX and BeekFX, reducing trading latency by up to 30%.
There are over 60 forex pairs, 11 commodities, 17 cryptocurrencies, and 31 futures, but competitors like IG, CMC Markets, and Eightcap offer much more. Lastly, BlackBull education we find good, however, HFM offers better educational resources. In the education section, there are excellent quality trading videos, guides and trading glossaries, Webinars with Trading Ideas, Specialized Tutorials where you can find professional information. Also, to support the ongoing trading process BlackBull Markets runs its Trading Blog with market overview, analysis, and research materials. Apart from another office in Seychelles, the head office is situated at Level 20, 188 Quay Street, Auckland 1010, New Zealand. Whether by quick phone conversations or less immediate email inquiries, this multi-channel approach ensures that customers get timely help.
The educational materials aim to enhance traders’ knowledge and skills, enabling them to make informed trading decisions. The referral program allows you to earn up to $250 by referring new traders to the platform using your referral code. With the Introducing Broker program, you can earn money using your networking and teamwork skills for the platform. Finally, the CPA Affiliate program allows you to earn up to $1,000 using your own social platforms to generate organic traffic for Blackbull Markets.
I carefully reviewed the BlackBull Markets’ Client Agreement, including the fine print, and found that all essential information is clearly presented and easy to understand. BlackBull Markets operates two entities licensed and regulated by the FMA in New Zealand and FSA in Seychelles. The broker adheres to the strictest safety regulations, such as ensuring negative balance protection, and is overall fairly transparent and trustworthy. The broker incorporates market research from Myfxbook and also develops excellent research content in-house. However, I would have appreciated the inclusion of content by Trading Central or Autochartist for additional nuance and depth. Thats a question for the broker to answer but generally speaking, it wont matter where you trade from.
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All the same channels for deposits on the Blackbull Markets trading platform also work for making withdrawals. However, there is a little snag in the fact that the cost of withdrawals is quite high, at $5, for all methods. This account type is for those interested in trading real shares instead of the share CFDs available on the other account types. As the shares tradable here are not leveraged, this account type does not come with leverage. What type of trading you can do, what benefits you can enjoy, and what platform features you can access can be determined by what account type you operate. If the platform options are diverse, you are more likely to find one that suits your specific trading needs.
Are BlackBull Markets’ Fees Competitive?
- Overall, I’d suggest new traders to check TradingView for use with BlackBull Markets, as it is very straightforward to use and learn, and you can also use a demo account before jumping to live trading.
- With a BlackBull Markets MT4 or MT5 trading account, traders can seamlessly open short-term or long-term trades in gold and silver.
- For those interested in NZ bank accounts, no particulars, code or reference is required if you want the funds in your wallet.
- For the US market stocks, the trade value multiplied by 0.002% gives the FX fees, while the number of shares multiplied by 0.005 USD is the transaction fee.
- These platforms are known for their user-friendly interfaces, advanced charting tools, and support for algorithmic trading.
- It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large.
Interestingly, BlackBull Markets has won the highly coveted Deloitte Fast 50 award on many occasions — 2018, 2019, 2021, and 2024. ECN StandardBlackBull Standard account provides an ECN execution model with fees based on spreads starting only from 0.8 pips which we mark as a very competitive level compared to industry peers. Besides traders can start with any desired amount since the minimum deposit is from 0$. Functionality and software are the same for all accounts offered so all available software, instrument range, and tools are available. BlackBull Markets is among the best in the industry at delivering a true institutional-style trading experience for advanced and high-frequency traders. With raw spreads from 0.0 pips, VPS hosting, FIX API access, and support for algorithmic and social trading, it provides impressive infrastructure to its global client base.
The first factor to consider is the licensing and blackbull markets review regulation, which is not very strong in Blackbull Markets. The platform has only two regulators, one of which is the Seychelles FSA, a low-tier regulator. There is also the issue of security for client funds, an area in which the broker performs quite well. In line with the relevant laws and regulations, the company keeps all the client funds in segregated bank accounts to protect them in case of financial trouble. This way, clients are protected from loss due to financial troubles on the part of Blackbull Markets. And with the ECN system in place, the platform cannot interfere with your trades.
Despite that omission, BlackBull continues to launch additional third-party trading platforms that steadily improve its offering, including TradingView. For our top picks among trading apps, read our guide to the best forex trading apps. When trading with BlackBull Markets, you will find that their fees are generally low. The broker offers competitive pricing environments and does not charge a brokerage fee for certain services that other brokers may charge for.
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Known for its cloud-based structure, TradingView offers powerful interactive charts, a wide variety of indicators, and drawing tools that support detailed technical analysis. Users can create and test custom strategies using Pine Script, the platform’s proprietary scripting language. The ability to share ideas and follow other traders makes it especially appealing to those who value collaboration and market insights.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). The mobile trading apps from BlackBull are functional, providing adequate tools for trading and monitoring markets from mobile devices. BlackBull is a broker considered to be of “Average Risk” with a trust score of 78 based on rankings from ForexBrokers.com, providing a relatively secure trading environment. However, the broker lacks strict regulation from a top-tier regulatory authority, such as the FCA, CFTC, or ASIC.
The broker has an impressive offering of different training tools and some social trading functions in the form of Zulu Trade. All the industry standard trading platforms are available and they even have mobile app support. Their spreads across other major currency pairs like AUD/USD, GBP/USD, and USD/JPY also align with industry averages, offering traders fair and consistent trading costs without commission fees.
Can you trade crypto with BlackBull Markets?
After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences. BlackBull Markets does not charge any internal fees for deposits or withdrawals. But, it is important to note that some payments to and from overseas banking institutions may incur intermediary transfer fees from either party independent of BlackBull Markets. BlackBull Markets does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your BlackBull Markets trading account.
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However, it has a commission of $6 per 100k traded, and the minimum deposit is $2,000. BlackBull Markets is winning for its low fees offering and largest range of Trading Products, great platform selection and ultimate range of trading tools compared to other industry popular Brokers. Spread Based account fees are lower than HFM, FP Markets, and IC Markets, all of which provide spreads from 1 pips, while commission-based account are considered in line with competitors. Also, many of the Brokers now appealing with no minimum deposit requirement with BlackBull in this point too. In addition to live CFD trading, BlackBull Markets offers traders exposure to real-share investing through its Invest Account.
BlackBull Markets, established ten years ago in Auckland, New Zealand, is still expanding its international presence, evident from a monthly search volume of 18,100. Despite this, it is a leading broker in New Zealand that is highly regarded in the local market, it ranks as the 40th most popular forex broker among the 65 brokers analyzed. Web traffic data positions it somewhat higher, with Similarweb reporting 415,000 global visits in February 2024, placing BlackBull Markets as the 33rd most visited broker.
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Different trading styles are supported, offering good technology to use with a comprehensive choice of platform or program trading, all provided with a good range of accounts and very low spreads. Traders who require accounts without overnight fees for religious reasons can switch to the swap-free version of this account. The Standard Account, similar to all other supported types, provides cost-efficient trading across various asset classes, including Forex, Indices, Commodities, Shares, and crypto. To deposit funds into their trading accounts, traders should visit the ‘My Wallet’ tab in the Secure Client Area and pick the wallet they want to fund. Next, they must choose the funding method, input the amount, and click ‘Confirm’. Cryptocurrencies typically require $25, but the amount may vary depending on the network.
- As a well-established broker in the industry, BlackBull Markets has earned a positive reputation among its clientele for its efficient services and a clean track record without major regulatory incidents or fines.
- With BlackBull Markets, Gold and Silver can be traded at their spot prices or via futures.
- To start trading live with the ECN Standard account, you can deposit as little as you wish, while the minimum deposit for the ECN Prime account starts at $2,000.
- Australian shares incur a 0.12% commission (a minimum of AUD 14), while New Zealand shares are subject to a 0.16% commission (a minimum of NZD 14).
Thanks to BlackBull Markets’ integration of TradingView, traders can take their trading experience to the next level, benefiting from best-in-class charting tools and the world’s largest social trading community. Furthermore, provided they comply with specific trading volume requirements, the cost of TradingView’s Essential, Plus, and Premium plans will be refunded to their trading account balance. Active since 12 August 2020, the above Derivatives Issuer licence allows the broker to offer derivatives trading services to retail and professional customers in New Zealand. BlackBull Markets has strongly emphasised trading education, with more than 3,000 YouTube videos covering various aspects of being a successful trader. Other helpful educational resources include tutorials, an Economic Calendar, and an option for opening a demo account. Besides its user-friendly trading environment and a strong focus on education, the broker protects its client funds in segregated accounts.
