BlackBull Markets Review
- Founded in New Zealand and operating in the UK, Malaysia
- Tight Low Spreads
- Professional and Retail trading options
- Large number of ways to replenish and withdraw funds
- BlackBull Markets does not charge a fee for depositing funds.
- Support Social Trading
- A range of educational resources and tools
- Platforms: MetaTrader 4, MetaTrader 5
Is BlackBull Markets safe or a scam
BlackBull Markets offer users three types of accounts to choose from, namely, ECN Standard, ECN Prime and ECN Institutional.
ECN Standard Account
The Standard Account is perfect for traders that are looking for a great value Forex experience. With no commissions, low spreads and an initial deposit of just $200, it’s easy to get started. Trade with your Standard Account on any of the platforms that they offer, including, P.C., Mac, mobile, and Webtrader.
ECN Prime Account
For traders that are looking for a competitive edge, we offer the Prime Account. With a commission of just $3 lot per 100k traded and spreads starting at just 0.2 pips, the Prime Account is perfect for traders looking to get the most out of their trades.
ECN Institutional Account
To provide you with a truly institutional experience we offer custom accounts to our largest traders. With the Institutional Account, you can tailor your spreads, commission and more to create an account that suits you and your trading style
Additionally, BlackBull Markets also provides users with the option of opening an Islamic Account and Active Trader Account
As paying or receiving interest is prohibited in Islam, BlackBull Markets have created a swap free account that operates in full compliance with Sharia Law. Islamic (swap-free) accounts are offered as a variant of our Standard, Prime and Institutional Accounts, retaining all the great features of the regular account types.
- Available in both Standard and Prime
- Swap Free
- 1:500 Leverage
- Micro Lots Available
- Access to all Tradeable Instruments
Active Trader Account
If you are a successful and high volume trader, you may be eligible for several BlackBull Markets Rebates. We offer incentives to traders which vary in degree from monetary to services.
Benefits of being an Active Trader
- Dedicated Account Manager available 24/7
- Segregated Customer Account
- Advanced Reporting
- VPS hosting services
- Custom negotiable solutions/packages
How to open new account at BlackBull Markets
At Blackbull Markets, they aim to make your trading life easier - and if youre new to the world of trading (or youre an experienced trader but new to BlackBull Markets), you can download the demo version and practise with $100,000 of virtual funds.
Its free to sign up for one of their demo accounts and they will not ask you for any payment details, such as credit card information, when you do. Its a risk-free opportunity to learn more about Blackbull Market and to practise trading.
Pacticing with Demo account helps you better understand how to execute trades, as well as your risk exposure.Success or failure in simulated trading bears no relation to probable future results with any live trading that you may choose to engage in.
Web Trading Platforms
WebTrader is the online version of MetaTrader 4. It allows users to access their BlackBull Markets MetaTrader 4 account through any web browser and operating system (Windows, Linux, Mac), without needing additional software. You can access your BlackBull Markets account and begin trading instantly. Only an internet connection is required.
While Web Trading is a little limited in its tools compared to desktop version it still offers the most important point which are needed in every day trading.
Optimised for Desketop, the BlackBull Markets Metatrader 4 Forex trading platform has been designed to provide clients with a competitive edge in the modern trading environment. It contains an array of institutional features, comprising in an all-in-one trading solution from a single program. These include real-time market quotes and live charts on financial data, along with an extensive coverage of breaking financial news, and analytics. This platform includes full support for Expert Advisors and indicators, allowing you to enhance your trading experience.
With it’s user-friendly, highly customisable design MT4 allows you to personalise your trading experience. Packed with features such as Instant Execution, Interactive Charts, Technical Indicators, and more. Wherever the market moves, you will be able to stay on top of it.
After delivering one of the industry’s highest acclaimed trading platform, MetaTrader 4, MetaQuotes has now raised the bar again, with the release of the cutting-edge MetaTrader 5 trading platform.
MetaTrader 5 offers even faster processing times than its predecessor, the ability to hedge positions, advanced pending order functionality, and even more tools and indicators to give traders a cutting-edge advantage in the market.
Here are some of the features of MetaTrader 5:
- 20+ time frames
- 30+ built in indicators
- Integrated economic calendar
- Optimised trade processing speeds
- Ability to hedge your trade positions
- Advanced pending order functionality
BlackBull Markets does not have any mobile applications for trading, but the platform through which MT4 and MT5 offer to trade have a mobile app. It should also be added that the BlackBull Markets website is adaptive for mobile devices.
It allows you to monitor and stay updated with the situation whenever you are. BlackBull Markets Mobile platform also please you with a range of technical analysis and chart option features it offers.
Also, BlackBull made it possible to use extra benefits from VPS servers and additional FIX API Trading capability so you always having the option to deploy your strategy at the best.
Which trading platform is better for you?
Most seasoned traders will tell you that all they really want from a trading platform is something that is reliable and easy to use, intuitive, and doesn’t crash. Each platform is unique and has its own pros and cons, so it is best to understand what you want in a forex account, and platform before you get started.
The choice between the two platform types regardless of account types shows some nice flexibility and not all brokers manage that concerning their trading platforms. It may be argued MetaTrader 4 is more suitable for trading Forex while MetaTrader 5 is better for trading stocks and commodities. The other important difference is that MetaTrader 5 meets the U.S.A.’s “no hedging” regulation which effectively makes precise hedging impossible.
What is the minimum deposit amount at BlackBull Markets?
Deposits and Withdrawals
|Account Type||Deposit (USD)|
Account Base Currency?
Withdrawals What is the maximum withdrawal amount?
If you have initially funded your account via Credit Card(s), you must withdraw your funds via the exact same Credit Card(s) up to the amount you initially deposited using the card.
The maximum amount that can be withdrawn is the amount of your initial deposit. Profits or amounts in excess of the deposit amount can only be processed by Bank Transfer.
Does BlackBull Markets charge withdrawal fees?
|Withdrawal Method||Withdrawal Fee|
|Credit Card||5.00 Base Account Currency|
|Neteller||5.00 Base Account Currency|
|Skrill||5.00 Base Account Currency|
|International Bank Transfer||20.00 Base Account Currency|
Commissions and Fees
At the time of this BlackBull Markets review, they did not offer any bonuses or host promotions. But this could change over time.
Bonuses and Promotions
A Virtual Private Server (VPS) is an ideal Forex trading tool for reducing your latency and enhancing your trading experience. Using your own VPS gives you a wide range of options in regards to your security set-up, operating systems and the operating times.
A VPS is perfect for the trader that can’t afford to have downtime. It also supports Expert Advisors, so that your strategy can run full-time without needing a computer to run on. This creates a truly customisable experience, allowing you to augment your personal trading strategy within the BlackBull Markets system.
BlackBull Markets offers free VPS services to any clients who are interested. The only requirements are a BlackBull Markets Prime account and a minimum of $2,000 deposit with 20 lots traded per month.
FIX API Trading
BlackBull Markets is always endeavouring to bring the best possible products and services to clients, they do this by optimizing their fintech and providing direct market access (DMA).
Key Benefits of FIXAPI:
Connects directly to BlackBull Markets’ bridge provider
- Direct Market Access (DMA)
- ECN integration
- Straight Through Processing (STP)
Allows the use of other trading application
- Totally customisable
- Compatible with any FIX programme
Faster speeds and lower latency
- Direct connection to bridge provider gives higher speeds of transaction
- The use of fibre optic connectivity reduces latency
- Less physical distance for all information to travel
Fortunately, New Zealand’s financial regulator has taken more of a hands-off approach to forex broker regulations than its counterparts in for example the US and Europe. As a result, high leverage of up to 1:500 is available for all clients trading with BlackBull Markets, including EU residents.
Large traders looking for the very best spreads should go for the ECN Institutional account, which comes with spreads starting from 0.0 pips and “negotiable” commissions. However, the minimum balance requirement for this account is rather high at USD 20,000, which unfortunately keeps it out of reach for many independent traders. In these cases, the ECN Prime account may be a better choice, with a minimum balance of USD 2,000 and spreads from 0.1 pips. For new traders who are just getting started in forex, however, the ECN Standard account remains a fairly good option with its USD 200 minimum balance, commission-free trading, and spreads starting from 0.8 pips.
Unlike most other brokers, BlackBull is a pure ECN (electronic communications network) broker. This means that it does not match any client orders internally via a dealing desk, but instead passes all orders on to liquidity providers that handle the order matching. As a result of this, all account types offered by the broker are ECN-style accounts with relatively tight spreads.
The broker’s New Zealand office can be reached for any inquiries directly via phone or live chat, both of which are open 24 hours on all trading days. In addition, Malaysian clients can also reach the broker at the Kuala Lumpur office via a local Malaysian customer support line, while Chinese-speaking clients can get dedicated Chinese language support via email.
It has some drawbacks though. the selection of assets available for trading from this broker may be a bit small compared to many other brokers., and no stock or crypto CFDs.
All in all, there is no doubt that the 1:500 leverage offered by the broker remains attractive to some traders, and in particular for those from jurisdictions where leverage is otherwise severely restricted. BlackBull Markets is clearly a broker with a well-established position in its home markets in New Zealand and Malaysia, It is deserver to try.
Yet, we would be glad to know your personal opinion about BlackBull Markets, you may share your experience in the comment area below, or ask us for some additional information if required.