BBM offers a demo at absolutely no cost for new traders that want to test the water and play around before entering into live trades. Some experienced https://forexbroker-listing.com/ traders may also opt for a demo to test new trading strategies. You will get the best liquidity and execution with this broker.

Our aim is to value all clients and provide the best possible trading experience and customer support. BlackBull Markets also provides free Virtual Private Servers . This option is available for clients who have a BlackBull Markets Prime account with a minimum deposit of $2,000 and 20 lots traded across forex pairs or metals per month. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size. We have contacted BlackBull markets customer support several times through online chat and found that the support team’s answers were quick and professional.

How to open your account

In addition to the above, BlackBull features cutting edge Equinix NY4 Servers, as well as segregated client accounts . BlackBull shines yet again market coverage-wise, not only does it offer access to a staggering range of FX pairs, but it can also provide exotics/crosses on request. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.

• Even the Demo account has no fewer than 85 technical indicators pre-installed.
• This order is used to buy or sell the instrument at a pre-set price or better.
• At Blackbull Marktes you can download MetaTrader for Windows, Mac, Android and iOS.
• There are no fees for depositing money into your account.

However, to find the right broker for your needs, due diligence is needed. After all, different online brokers are optimized for different types of traders. Whether you are a new or active trader, finding the right online broker is critical. You not only get to save on costs but also gain access to various online trading tools. The company is registered as a financial service provider under the New Zealand Financial Services Provider Registry with the registration number FSP403326.

Who is BlackBull Markets Best For?

The MT4 and MT5 platforms provide automated trading using Expert Advisors and also allows access to the MetaTrader market, where there are tools and strategies available. BBM does not have its own trading platform but allows users to trade effectively via the MetaTrader 4 and MetaTrader 5 platforms. The company offers you the opportunity to trade over 27 currency pairs, oil, gold, and silver on the platform. As noted above, a standard BlackBull Markets account has a minimum round-trip price of trading a Forex currency pair of at least 0.8 pips without commission. Offering a default package of more than 60 currency pairs is impressive enough but BlackBull takes things further.

Blackbull Markets is a trading platform that was founded in 2014 and it’s based in New Zealand. The broker offers the MT4 and MT5 platforms, and it grew in popularity a lot thanks to the premium trading tools it has to offer. The broker is a Forex one, and it has plenty of assets to trade, as well as multiple possibilities for all people passionate about trading. BlackBull Markets offers free VPS services from BeeksFX or NYC Servers to its clients. However, you need to be using a Prime account and have a minimum deposit of $2,000.

BlackBullMarkets Review found a section dedicated to trader education with 11 learn to trade videos, 5 trading guides and a trading glossary. The training videos can be found on the broker’s YouTube channel. The broker provides daily market update videos published on its YouTube channel and live streams longer session covering new economic releases in a live-trading-room format.

Therefore, I believe that most traders will not require assistance unless there is an emergency. In such a case, BlackBull Markets ensures a customer service representative is available. Here is a screenshot of the BlackBull Markets MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Please note that the bank transfer is an international transfer. With electronic methods, the deposit is assigned directly to your account.

Mobile Trading Platform

Profits, over and above the initial deposits would only be processed by bank transfer. BBM makes educational materials available to their traders and also provides excellent customer support services in multiple languages. They give their traders lots of insight into the CFD and forex markets to try and help them succeed. The company does not have a personalized trading platform, but they allow users to trade via MetaTrader 4 or MetaTrader 5, which are popular platforms amongst retail traders.

The company is registered as a financial services provider in the New Zealand Financial Services Provider Register with registration number FSP403326. The BlackBull registration process is straightforward and one neat feature is that the deposits and withdrawals process has been simplified. A move some other brokers might want to consider following. BlackBull Markets offers 24-hour support on working days in English. The chat is the fastest way to contact the broker in our opinion.

Their general charges and rates are competitive when compared to the market rate, but do not stand out as an advantage of choosing the company over others. Over the years, the BlackBull Markets team has been able to achieve their goals by developing multiple fintech solutions, most notably, their proprietary in-house trade-order aggregation software. The easiest way to contact BlackBull Markets support is to use the official website’s chat feature.

While the only point is International trading available via the offshore entity. Is BlackBull Markets legit features all the key aspects you need to look at to see if a broker is safe and legit. BlackBull Markets’stock index CFD selection is better than it competitors. Forex and commodity CFD selection are similar to its competitors’ offering. On the other hand, ETF, bond, and crypto CFDs are missing.

Blackbull Markets Presented in Canada

Clients will not find a quality news service and the range of analytic tools is limited. As a plus, clients have access to an economic calendar and market analyses. Alerts and notifications are only available on the desktop trading platform. It would be much more convenient to have these features on the mobile trading platform as well. The mobile trading platform is great, we really liked its design and user-friendliness.

Each year, we collect thousands of data points and publish tens of thousands of words of research. Along with its advanced and competitive offering as we discover in our review, BlackBull also supports educational resources suitable for traders of different levels. While Active or professionals traders will better use ECN Prime account with raw spreads from 0.1 pips and a commission charge $6 per trade.

The company has previously advertised offers, and it may be useful to watch out for them in the future. However, we must stress that bonuses and promotions should not impact your decision on whether to trade or not. In addition to the types listed above, BBM also offers a couple of other options. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. The section “Trade resources” offers an economic calendar and daily market reports that summarise the hot topics of the day.

Secondly, the spreads have been tight in pretty low vol sessions and perfect on the US opens or around news events. The commissions are standard so no real advantage there and haven’t held for swaps yet. I’m an international trader and was recommended BlackBull by a college. I’m very hesitant to go offshore with money however BB have helped with transfers so i didn’t get smashed with conversions and have been 100% with communication. And the communication has been direct email and offer phone contact.

BlackBull Markets is a real ECN broker with high liquidity

Their hunger to make a statement and prove their credibility can also be seen as the reason for their excellent customer service. The company also provides blackbull markets review educational materials and information to help its traders trade successfully. The education provided is a little scarce in terms of the amount on offer.

These consist of major, minor and some exotic pairs, such as GBPAUD, USDZAR, and EURNOK, to name but a few. As you may already know, the market is a very liquid one due to the enormous volumes of trading that take place daily. The tech infrastructure the broker operates on is institutional grade but that doesn’t mean things are complicated.

The institutional account requires a minimum deposit of $20,000. Select your account type, trading platform, account currency, funding amount and leverage level. Blackbull Markets has a blog where you can find analysis, research materials, and market overviews, while they offer a trading glossary, guides, and trading videos. Information is everywhere, and it can help users learn a lot and become exceptional traders. Deposits can be made using multiple methods, respectively bank wires, credit cards, and e-wallets.