BlackBull Markets Review in 2024 Spreads + Fees Compared

BlackBull Markets delivers a comprehensive trading experience that meets the needs of every trader and is therefore highly recommended by Benzinga. The trading fees, including commission and spread, are competitive, and execution is lightning-fast and precise — a unique feature of an ECN broker. As an ECN broker, BlackBull Markets lets you trade outside regular trading hours. BlackBull Markets is well-respected and trusted by thousands of traders globally because of its excellent trading conditions, robust security measures and regulatory oversight. The broker is licensed and regulated by the New Zealand FMA and the Seychelles FSA. BlackBull Markets maintains strict compliance standards regarding client fund protection in line with these financial authorities’ regulatory requirements.

BlackBull Markets Non-Trading Fees

The BlackBull CopyTrader and BlackBull Trade are the broker’s in-house platforms. BlackBull Markets lives up to its hype as a well-established and globally renowned ECN broker. The firm xcriticals comprehensive tradable assets with robust trading technology, unparalleled tools and exceptional educational resources. CFD trading lets you profit from rising and falling markets by entering into contracts with a broker to exchange the difference in an asset’s value between the opening and closing of the trade. Traders can also access multiple order types, 30+ pre-installed indicators and analysis tools, nine timeframes, one-click order execution, multiple chart set-ups, and a market watch window. BlackBull offers a vast selection of markets, with 72 forex pairs and over 26,000 tradeable symbols, making it highly recommended for traders seeking a broad array of investment opportunities.

Account Types

It can also be used to place market, limit, and stop orders, as well as to adjust the exposure of open trades. The platform is also one of the best choices for scalping due to its vast array of timeframes, along with BlackBull’s fast order execution (under 75 milliseconds), FIX API, and VPS hosting. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.

The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law. Traders who want to open an Islamic account need to contact BlackBull Markets’ customer support and request the service from there. BlackBull Markets provides two retail account types in addition to an institutional one. Account creation is fast and easy, and the trader may also opt for a demo or Islamic account. I tested the performance of BlackBull’s cTrader platform and found it to be extremely versatile and user-friendly. What stands out is the extensive array of tools and configurations available to traders.

My Key Takeaways After Testing the cTrader Platform

1. Withdrawals must be made using the same method that you originally deposited.
2. Depending on your chosen method, the deposit processing time ranges from under a minute (instant deposit) to up to 24 hours or a few days.
3. MT4 has a beginner-friendly and intuitive interface that appeals to newbies and experienced traders alike.
4. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
5. BlackBull Markets has a few competitors, including XM, Pepperstone, FXCM and Admiral Market.
6. BlackBull offers its trading clients free TradingView Essential, Plus or Premium — a significant cost savings considering the high subscription packages for each package.

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. BlackBull’s educational hub boasts libraries on forex, crypto, commodities and stocks neatly divided into Beginner, Intermediate and Advanced sections. This outstanding educational approach ensures that every trader, regardless of experience level, can learn and continually update their trading knowledge. Over 3,000 trading video tutorials are available, including those demonstrating how to use technical indicators, customize trading platforms and create templates. You can join upcoming webinars or watch past ones for additional trading insights. The platform offers near-instant execution speeds, interactive charts, and direct market trading using prime liquidity providers.

What Is The Margin Call And Stop Out Level When Trading With BlackBull Markets?

Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution. MT4 remains the leader in algorithmic trading, but MT4 and MT5 support it, and both have a built-in copy-trading system. BlackBull Markets offers MT4/MT5 as a desktop client, webtrader, and mobile app.

As a standard practice, you make withdrawals using the same deposit method. However, if you meet compliance requirements, you can withdraw funds using a method different from the one you used to deposit them. The minimum withdrawal amount and processing time also depend on xcritical your withdrawal method. A $5 withdrawal charge is applicable regardless of the withdrawal method. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare BlackBull Markets with the top 3 similar brokers that accept traders from your location.

BlackBull Markets Main Features

Additionally, the company is registered with the FSPR meaning strict legislation must be followed. AML and KYC policies are operational for all new client registrations and ongoing. With no commissions applicable and low spreads, it’s easy to get started.

BlackBull Markets delivers a fantastic trading experience that benefits beginners and seasoned traders. Its 26,000 tradable instruments across multiple asset classes make it easy to find an asset that suits your trading style or preferences. However, despite its multi-channel customer support and impressive awards, the broker has an average Trustpilot rating of 3.4/5 with various negative comments. Whether this reflects the broker’s overall customer service or indicates a few dissatisfied customers is not entirely clear. TradingView is the #1 charting and analytical platform used by 50+ million traders worldwide.

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. The BlackBull Markets app has a pleasant design and is crucially important for making snap adjustments to any open trades to regulate the overall market exposure. Traders can use finger recognition to access their accounts from the app.

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. BlackBull Markets truly shines in the platforms category, offering a diverse selection of trading platforms that support social trading, automated trading, and advanced technical analysis. This includes its flagship BlackBull Markets Trade, a full suite of MetaTrader, and seamless integration with TradingView. The MT4/MT5 suites are versatile and well-recognized in the financial market.

In our reviews, we examine the licenses and regulations of each entity operated by a broker. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. Founded in 2014, BlackBull Markets is a forex and CFD broker from New Zealand, regulated by the national FMA authority and FSA Seychelles. Traders can also choose from over 26,000 instruments across multiple markets. The minimum and maximum deposit limits vary slightly across each method.

The $1 price difference translates to thousands in additional annual profit under similar conditions and trading strategies, particularly for high-volume and high-frequency traders. BlackBull Markets has solidified its reputation as a trusted and reliable broker. Our experts are pleased with the security measures implemented by the broker.

I have conducted an in-depth review to determine if their advertised ECN, deep liquidity, and price aggregation, as well as institution-level pricing for retail traders, lives up to the hype. A demo account is available to get beginners started before trading live. Plus, the broker’s well-designed educational libraries are available to help every trader navigate CFDs and forex trading complexities in a fast-changing financial market. Suppose you’re an experienced or beginner trader looking for a reliable and trusted online forex trading broker to kickstart your journey. The account minimum, spread and commission depend on your selected account types. For instance, the ECN Standard account is commission-free and requires zero minimum.

This feature grants you the flexibility to choose the platform that best aligns with your expertise. If you’re a stock veteran, you can also capitalize on BlackBull Invest to invest directly in shares of major companies for long-term wealth-building. The entry barrier is low, trading costs are affordable and funding is fast and hassle-free. Although the account xcritical reviews opening process follows the standard norm in the retail forex industry, Benzinga finds BlackBull’s process highly simplified. You can get your account ready in under five minutes and start trading by following the following five steps. Therefore, the total trading cost for the ECN Prime account is 0.7 pips ( 0.6 +0.1) compared to 0.8 for the ECN Standard option.