It results in a broad-based choice of trading instruments ideal for demanding asset managers and long-term dividend income-generating portfolios. The EUR/USD pair is the most liquid and heavily traded currency pair, making it the best benchmark for spreads and commissions. We also assess deposit, withdrawal, inactivity, and swap fees, rewarding price competitiveness and transparency. We compare each broker’s fees against industry averages for major currency pairs. When it comes to trust and security, BlackBull Markets is a well-regulated and compliant Forex broker.
By using BlackBull Market’s social trading, you can copy trading strategies from other traders, replicating their performance. There’s also no minimum deposit needed to start copy trading their signal providers. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker. Other products have a reduced leverage, which is normal with CFDs brokers, but still a good amount of leverage. You don’t need to deposit anything if you’re just trying the broker and testing a demo account. To open a real account with BlackBull Markets there’s no minimum deposit.
We have already provided the relevant information on the broker’s share-investing fees under the section dedicated to trading instruments. This account type features extended trading hours, advanced analysis tools, 70+ order types, and data feeds from 66+ third parties. It provides traders with access to 26,000+ instruments, including Shares, Options, ETFs, and Bonds. In contrast with the Standard and Prime accounts, the Institutional Account does not support a swap-free option. Traders wishing to benefit from spreads starting from 0.0 pips, combined with a commission of $4 per round turn, must make a minimum qualifying deposit of $20,000. Traders who require accounts without overnight fees for religious reasons can switch to the swap-free version of this account.
BlackBull Markets Execution Model
Leaders may charge a performance fee, which is a percentage of the profit generated from trades. At the 2023 Forex Expo Dubai, the brokerage won industry recognition, securing the title of Best Copy Trading Broker. With the Web Trader platform, no downloads or additional software installation are necessary. The platform is compatible with all major browsers, including Chrome and Firefox, and operating systems (Windows, Linux, and Mac).
Pros and Cons of BlackBull Markets Account Types
The Standard account is spread-based, while the Raw Spread account is commission-based. This offer of services is also not intended for residents of the European Union, the United Kingdom, India nor any non-resident of New Zealand. The high degree of leverage can work against you as well as for you. The Company is authorised and regulated by the Financial Services Authority in Seychelles (“FSA”) under license number SD045 for the provision of the investment services. Black Bull Group Limited is a registered Financial Services Provider (FSP403326). We understand every trader is different.
- The MetaTrader 4 Platform (MT4) is the world’s most popular online Forex trading terminal.
- I discovered that BlackBull Markets’ ECN Standard account features zero commissions except for share CFDs traded on the cTrader platform.
- It segregates client deposits from corporate funds, offers negative balance protection to ensure traders cannot lose more than their deposit, and offers an excellent choice of payment processors.
- As mentioned earlier, ECN Institutional is most suitable for large-volume traders as it requires a minimum deposit of $20,000.
- Each account type has been designed to suit the trading needs of traders with varying experience levels.
However, I would appreciate it if the broker incorporates Trading Central or Autochartist content to make its xcritical offering more layered. I found this content highly practical and well-calibrated for day trading. BlackBull Markets offers a variety of research tools both developed in-house and from third-party providers.
Trading Account
Established in 2014 and headquartered xcritical website in New Zealand, BlackBull Markets offers over 26,000 tradable instruments at generally competitive fees. Mac users can find a guide for installing the platform here. All trading data is protected with advanced128-bit SSL encryption. Get real-time data and advanced charting,just like the desktop platform. Enjoy ultra-tight spreads from 0.0 pips for precision trading.
2) Get a real account with a small size just to understand the trader’s psychology and knowing the feeling of having something to lose. 1) Start with the demo account, understand the functions of the platform and develop your own https://xcritical.pro/ strategy (that fits you). Trader’s strategies, especially for EA traders, should always be tested in a live environment to gauge full performance statistics.
Yes, BlackBull Markets is a legit broker and company and your funds will be securely held in segregated accounts. BlackBull Markets offers an Institutional account, which is meant for high-volume traders. The ECN Standard account has no minimum deposit requirement, making it accessible for beginners or those wanting to test the platform with minimal investment. The ECN Institutional account is BlackBull’s more exclusive option for active traders that deposit at least $20,000, with commission rates of $2 per side or $4 per round turn. The Prime account offers lower spreads but requires a $2,000 minimum deposit, and there is a commission of $3 per side or $6 round turn per lot. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.
Key Features of BlackBull Markets Standard Account:
The cTrader platform is outstanding for traders searching for a professional-grade environment with great customisation and algorithmic trading capabilities, from my experience. In my experience, MT4 is still one of the most sought-after platforms for Australia-based Forex and CFD traders (and also worldwide) due to its ease of use and fully featured functionality. The lower commission fee of the ECN Institutional account is particularly attractive for reducing trading costs however this account type may not be accessible to all traders. The Blackbull ECN account offers Blackbull Markets’ lowest spreads starting from 0.0 pips and is ideal for more experienced, high-volume traders.
BlackBull Markets offers a genuine Islamic account for all three of its account types and does not substitute the absence of swap rates with other fees, unlike most brokers. The lack of an inactivity fee ensures a pressure-free trading environment, and BlackBull Markets executes its account structure with traders in mind. The ECN Standard account has a reasonable commission-free cost structure and no minimum deposit requirement, making it ideal for beginners to learn Forex trading. Unlike many brokers, BlackBull Markets does not substitute the absence of swap rates on leveraged overnight positions with other fees, making it a genuine Islamic account.
Execution Speeds
Spreads start at 0.8 pips on the EUR/USD, and there are no commission fees for Forex trading. Traders outside New Zealand will trade with BBG Limited is authorised and regulated by the Seychelles Financial Services Authority (FSA). Trading costs are average on its entry-level account, with average spreads of 0.8 pips on the EUR/USD.
- BlackBull Markets’ customers have access to the markets through the popular MetaTrader 4 platform, developed by MetaQuotes.
- Enjoy ultra-tight spreads from 0.0 pips for precision trading.
- He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
- These accounts are in the ANZ Bank in New Zealand, one of the most trusted banks.
We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. For example, the “Trade in 60 Seconds” series consists of one-minute recordings that focus on a particular trading symbol, such as a given forex pair or CFD. BlackBull CopyTrader (which delivers full integration with MetaTrader powered by Hokocloud) is a recent proprietary addition to the broker’s social copy trading suite.
Provided you can prove you are of Islamic faith, you will be able to use this pricing structure with any of the Standard, Prime, or Institutional account types. BlackBull Markets charges competitive commission fees, ECN Prime Account holders pay $3.00 per side per 100k traded, while ECN Institutional Account holders pay $2.00. Spreads are taken from each broker’s website and updated monthly. The table below captures the average spreads listed on each broker’s website. This means the spreads you get are determined by the liquidity providers used by the broker. This account is a RAW style account meaning ECN or STP execution is used with no dealing desk.
How do I deposit money with BlackBull Markets?
Check out ForexBrokers.com’s picks for the best forex brokers in 2025. 74-89% of retail investor accounts lose money when trading CFDs with this provider. With a strong emphasis on education and responsive 24/7 customer support, BlackBull Markets caters to diverse trading strategies and preferences, making it a solid choice for global traders. Traders of all levels benefit from a choice of account types, suitable for varying budgets and experience levels, and advanced platforms like MT4/5, cTrader, and TradingView. Additionally, the brokerage maintains an active presence on social media platforms such as Facebook, LinkedIn, Instagram, X (formerly Twitter), and YouTube.
Islamic accounts are Sharia-compliant, allowing Islamic traders to engage in leveraged trading without violating their faith. BlackBull Markets offers traders the core MT4/MT5 trading platforms, upgraded with the Autochartist plugin, which assists manual traders with automated chart pattern recognition and trading set-ups. However, by offering a range of choices, including proprietary platforms designed in-house, a broker ensures that all different kinds of traders can benefit from a flexible and convenient trading experience. Demo accounts remain open as long as they are used, with closure only after 90 days of inactivity, giving traders ample time to practice, test strategies, and get comfortable with the platforms. With their impressive execution speeds, great trading costs and multiple trading platforms – it’s easy to recommend this broker to both beginner and advanced traders.
How long does it take to withdraw money from BlackBull?
Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. BlackBull Markets Standard Accounts are designed to meet the needs of retail traders in the forex and CFD markets. The domain blackbull.com is registered under our company, Black Bull Global Limited. Compare our trading accounts and find the perfect fit for your trading needs. Trade via MetaTrader 5, the most powerful premier trading platform. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
BlackBull Markets offers 24/6 support through live chat, email, and phone. The broker’s major liquidity providers include the Bank of America, Goldman Sachs, Citibank, Barclays, RBS, Credit Suisse, Commerzbank, ABN AMRO, and BNP Paribas BlackBull offer MT5, his platform is owned by Metaquotes from which Blackbull hold a licence to offer to their clients Having traded since 1998, Justin is the CEO and co-founded CompareForexBrokers in 2004. The demo account options include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, BlackBull CopyTrader, and BlackBull Shares.