BlackBull Markets Verified Reviews from Actual Clients

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They are traded as Contracts for Difference (CFDs) and commonly grouped together by similar industries. In addition to this, they have a strict Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT) policies. This are to ensure that business practises are run ethically and blackbull markets review above board. They are constantly striving to uphold the highest levels of conduct and operational standards with a well-constructed supervisory framework in place to actively protect your funds. All information on 55brokers.com is only published for general information purposes.

The standard account requires a minimum deposit of $1 and runs on the Equinix NY4 server. BlackBull Markets clients can qualify for a free VPS is they have a prime account, minimum $2,000 deposit and maintain 20 lots of trading volume per month. I have a VPS that I use myself to run my automated strategies in the MT4 platform. It saves me needing MT4 always open on my laptop and only costs me around $30 per month.

  1. The broker charges a 2.5% fee on credit card deposits, with credit card withdrawals attracting a €5 fee and Neteller withdrawals attracting a €4 fee.
  2. At BlackBull Markets, the Compliance Team, led by Phil, is responsible for ensuring that the company operates in accordance with all relevant laws and regulations.
  3. I would always start on demo account to see how things go before making a financial commitment.

No minimum deposit is required to open an ECN Standard Account, while a $2,000 deposit is needed to open an ECN Prime Account and $20,000 for an ECN Institutional Account. The share trading option is ideal for those looking to invest directly in companies and potentially benefit from long-term value appreciation and dividends. BlackBull Markets offers over 26,000 different financial products to choose from. BlackBull Markets, established ten years ago in Auckland, New Zealand, is still expanding its international presence, evident from a monthly search volume of 8,100. Despite this, it is a leading broker in New Zealand that is highly regarded in the local market. BlackBull Markets provides three account types with distinct pricing structures.

BlackBull Alternative Brokers

If you want to run your platforms 24/7 then there is a handy Virtual Private Server (VPS) option. The company is based out of Auckland, New Zealand, which is home to a rapidly growing Fintech industry that is backed by the government. The ever-increasing popularity of BlackBull Markets has seen them expand their offices to New York, Kuala Lumpur, Jakarta and London. They take great pride in operating above board with the upmost honesty and integrity.

The other two account types charge a spread and a commission on trades. We contacted the broker’s customer support team to resolve the challenges we faced. We scrutinise brokers based on their regulatory compliance, historical performance, and international presence.

Traders on Ryze funding are not being paid because of black bull errors

These features are particularly beneficial for strategies such as scalping or automated trading, where the combination of speed and narrow spreads is crucial for success. BlackBull Markets is proud to offer clients the option to Trade directly in TradingView, the world’s leading charting and social trading platform. Whether you trade on desktop or mobile, TradingView’s beautiful charts can supercharge your trading experience. This platform is packed with all of the trading tools that you need to conduct comprehensive market analysis. You will also find thousands of add-ons for the platform whilst you can also code your own technical indicators and other tools.

Review Methodology

The broker does require a minimum deposit of $1 which is the lowest you will come across. If you want access to the lowest possible spreads on the ECN prime account, you will need to make an even larger deposit of $2,000. I personally prefer it when a broker gives you the same trading account options, regardless of your deposit amount. The main differences between each of the accounts are the spreads and commission fees. If you want low spreads and are happy to pay the $6 commission fee per standard lot, then the ECN prime account would be your best option. If you don’t require tight spreads and would prefer to trade without commission, the standard ECN account would be the way to go.

options de sécurité

We do not present any investment advice or guarantees for the accuracy and reliability of the information. As well you may see more spread examples below and compare fees to another popular broker Pepperstone or other competition shown on the table below. In September of last year, the Bank of Japan (BOJ) made a move in the market to strengthen its currency when it reached 145 against the USD, marking the first such intervention since 1998. This action was taken following the BOJ’s decision to maintain an extremely accommodative policy (a policy that is yet to change…

We provide access to diverse markets on all our accounts, offering superior trade execution, competitive costs, and a wide range of tradable products. These include 70 currency pairs, major market indices, precious metals like gold and silver, and commodities such as gas, and oil. We used demo accounts across various top brokers for uniformity, focusing on both limit and market orders.

You then need to upload your proof of identity and address documents for KYC purposes. BlackBull Markets do not charge a commission on CFDs and there are no additional mark-ups or re-quotes. They can be traded with ultra-low latency and straight-through processing on the proprietary trading technology provided. Traders can diversify their portfolio and access global equity markets with Indices trading through a range of Index CFDs including AUS200, GER30, US30, SPX500, UK100 and JPN225. Economic calendars can be great tools for conducting fundamental analysis.

BlackBull Markets offers a range of fee-free funding methods while requiring no minimum deposit to start trading. 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%. This reduction is vital for strategies like scalping and automated trading, as it minimises slippage risks and ensures accurate trade execution. In our 2024 testing, BlackBull Markets not only outperformed industry standards but also emerged as the broker with the fastest execution speed among all those tested. They achieved an average limit order speed of 72 milliseconds, which is 44.6% faster than the industry average of 130 milliseconds. For market orders, their speed was 90 milliseconds, 36.2% quicker than the industry average of 141 milliseconds.

BlackBull Markets offers over 200 tradable instruments in the Forex, indices, stocks, and commodities markets. The broker charges a 2.5% fee on credit card deposits, with credit card withdrawals attracting a €5 fee and Neteller withdrawals attracting a €4 fee. We traded the popular instrument in each market to identify the actual spreads and placed a total of 12 trades.

This offer of services is also not intended for residents of the European Union, the United Kingdom nor any non-resident of New Zealand. BlackBull Markets provides market research via quality videos created by its in-house team of analysts. For this review, we opened an individual MT4 and MT5 Standard account with Black Bull Group Limited, regulated by New Zealand’s Financial Markets Authority (FMA). The broker is regulated by the New Zealand FMA, a tier 2 regulator with strict rules. The broker is also licensed by The Seychelles Financial Services Authority (FSA). BlackBull Markets offers over 200 tradable instruments in the Forex, indices, stocks, and commodities categories.

The broker offers a small number of products compared to the leading brokers. 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. Use the calculator below to compare BlackBull Markets’ trading costs with competitors like City Index and IC Markets.

We tested BlackBull Markets’ Standard Account on the MT5 and MT4 platforms, which charged a spread on all trades. BlackBull Markets charges low fees for trading the main instruments on offer. The fees charged for trading Forex pairs, indices, stocks, and commodities were much lower than industry averages. No, there are a few brokers regulated by the Financial Markets Authority (FMA) which is the oversite for financial markets in New Zealand.

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