BlackBull Markets is one of the world’s top online brokers for forex, commodities, metals and contract for differences. It’s also one of the best brokers for novice traders. Experts with years of experience and knowledge helped them design and optimize the client onboarding process. New clients will receive guidance and support from BlackBull Markets experienced client support team at every step of their journey to becoming successful traders. This BlackBull Markets review covers the most crucial issues that you need to consider before choosing an online broker to meet your trading needs.
BlackBull Markets History:
Founded in 2014 by forex traders, data security experts and fintech developers, the company specializes in currency trading, data processing, and business intelligence. Financial markets available for trading include forex, commodities, indexes, precious metals and energy. They are an award-winning broker and have been named one of the leading online trading companies.
Several fintech companies are based in Auckland, a city in New Zealand with a government-supported Fintech industry. BlackBull Markets is a regulated broker that is based in Auckland. Blackbull Markets has also expanded its presence to New York, Kuala Lumpur, Jakarta, and London as its reputation grows. Company officials are very proud of the fact that they operate with the highest level of sincerity and honesty.
The company is a real Electronic Communication Network (ECN) broker with Straight through Processing (STP) and No Dealing Desk (NDD). Some of their global partners to consider are liquidity providers (LPs) providing a pool of liquid deposits and deep market coverage. The website offers quick execution speeds and tight spreads of just 0.1 pips for traders around the world, with 24/6 customer service and support. Liquidity is provided by tier 1 banks Goldman Sachs, Credit Suisse, JP Morgan, Merrill Lynch, RBS, SMBC, Commerzbank, Bank of America, and BNP Paribas.
In addition to institutional-grade goods with cutting-edge technology, clients can also benefit from personal account managers, daily market updates, and educational resources. Through a proprietary trade-order aggregation mechanism, up to 100 lots can be traded per click at a 1:500 leverage using the aggregation system. To give Equinix clients rapid access to the markets, Equinix servers are strategically positioned near the three major exchanges. Any trader can benefit from the lowest latency that this provides. In New York, in London, and in Tokyo, there is an Equinix NY4, LD4, and TY3 respectively. The Equinix data centre has two more servers that can be used for backups.
WHO DOES BLACKBULL MARKETS APPEAL TO?
Besides its stable regulatory status and unsurpassed reputation among traders, BlackBull Markets offers superior execution through ECN, MT4, and MT5 platforms, as well as access to great liquidity provided by some of the world’s top banks.
Traders cannot alter their orders with NDD brokers (No Dealing Desk). STP (Straight through Processing) service is included in the BlackBull Markets bundle. In terms of market coverage, BlackBull excels once again. Not only does it offer a wide range of FX pairings, it can also provide exotics and crosses upon request. In addition, such flexibility makes the system a much more attractive one. In addition to Equinix NY4 servers, clients can also choose their specific terms and conditions from BlackBull.
RANGE OF ACCOUNTS ON BLACKBULL MARKETS
Several types of accounts are available based on needs and trading experience.
With a minimum deposit of $200, there are no commissions. You can trade without commissions with spreads as low as 0.80 pips. You can leverage your money at a massive 1:500 ratio. This account is perfect for beginners or novice traders.
A minimum deposit of $2,000 is required for spreads to begin at 0.2 pip, and execution quality is among the best on the market. Among BlackBull’s social media platforms, it is the most popular.
You can invest as little as $20,000 and choose between MAM/PAMM, VPS, White Label, and MAM/PAMM trading.
You will have 24/6 access to a professional account manager if you have any questions about the program’s terms and conditions.
BlackBull Markets offers Islamic Accounts that conform to Sharia law. In other words, overnight positions are not subject to swap rates or rollover fees. During account creation, you have the option to choose an Islamic Account. In Malaysia and Indonesia, your Islamic Account is automatically created when you open a Live Account. This swap-free system is available to both Standard and Prime accounts.
This service is completely free and very easy to use. It includes $100,000 in demo funds. You can sharpen your trading skills here before opening a live account.
SOCIAL TRADING ACCOUNT THROUGH ZULUTRADE
Social trading accounts or copy accounts allow you to follow more experienced traders and then copy their trading signals. Social trading has become more popular in recent years. BlackBull Markets partnered with ZuluTrade to offer their clients this social trading feature. BlackBull clients can easily link their BlackBull MT4 account to the ZuluTrade social trading platform.
Novice traders or beginners may wish to start with a social trading account since they offer a lot of flexibility. According to tradingbrokers.com, “Investors can search through the trading strategies on the ZuluTrade platform and choose those that they wish to copy with their chosen capital and level of risk. Investors can copy multiple trading strategies at the same time, creating their own unique portfolio. Strategies can be added or removed at any time according to the investor’s preferences. This makes ZuluTrade a flexible social trading platform for copy trading, allowing traders with minimal experience or limited time, to copy other traders.“
REGULATING THE BLACKBULL MARKET
BlackBull Markets Group has been registered with the New Zealand Financial Services Provider Registry (FSPR) and the New Zealand Financial Services Complaints Limited (FSCL). In addition to promoting openness, the FSPR offers company-specific information and helps meet AML/CFT commitments on an international level. As part of the FSPR registration process, all companies are required to join an independent dispute resolution program.
Any concerns will then be handled impartially and unbiasedly, and that is very important. BlackBull Group Limited holds two licenses from the Financial Markets Authority, one of which was issued to the firm as a derivative issuer license (DIL). In New Zealand, financial markets are regulated by the Financial Markets Authority. The country also has rigorous anti-money laundering (AML) and anti-terrorism financing (CFT) policies. Ethical and transparent business practices are essential.
The company strives to maintain the highest standards of operations and behaviour in order to protect traders. Money from clients is kept in segregated accounts for speedy processing, as well as to ensure that the funds aren’t used for any other purposes, thus providing their clients with peace of mind. The bank of choice for customers in Australasia and around the world is ANZ Bank. The security of BlackBull Markets is ensured by the company’s relationship with ANZ Bank and the FSPR. Almost all annual reports and audits produced by companies are publicly available and subject to legal authority inspections.
BLACKBULL MARKETS TRADING PLATFORMS
A world-famous and well-regarded trading platform for BlackBull Markets is MetaTrader 4 (MT4) from MetaQuotes. FIX API and VPS Trading are also available.
MetaTrader 4 (MT4) is the platform of choice for many different traders with varying degrees of proficiency. Traders and investors love its user-friendly design, fast learning curve, and flexible options to personalize your trading experience. In addition to real-time market quotations, other MT4 functions and features include 85 pre-installed technical indicators, charts-analysis tools, different chart timeframes and order types, trading strategy templates, and automated trading. BlackBull Markets MT4 is connected to New York’s NY4 Equinix server, which makes it possible to execute trades within 2-5 milliseconds.
Direct trading allows you to take advantage of the best bid/ask prices on a wide variety of markets with minimal slippage and tight spreads since it engages a wide range of liquidity providers. It is free to download the MetaTrader 4 desktop (Windows/Mac) and mobile (iPhone, iPad, Android, Tablet) versions. Mobile access is convenient if you want to easily access your account no matter where you are. Take orders, enter positions, and more, all from your mobile device or tablet.
Trading with FIX-API
If your FIX application is your own, BlackBull Markets offers its clients the FIX API option. MT4 is not required in order to trade using Direct Market Access (DMA), which connects directly to the ECN network. A DMA-based system increases transaction speeds and latency. Institutional clients have access to trading solutions based on FIX API.
THE BLACKBULL TRADING TOOLS
A lot of the inherent trading tools in the MT4 platform are offered by BlackBull Markets, but there are few proprietary trading tools. The services of BlackBull Markets’ additional services are provided for free to certain clients.
Private virtual servers:
It is possible to maintain MT4 functionality remotely without having to turn on your computer by using a Virtual Private Server (VPS) hosted by BlackBull Markets and connected to Equinix servers via fibre-optic cable. The latency of a VPS can be reduced by 30 percent by customizing the service. In the trading world, expert advisors are often used by traders who cannot afford downtime (99.99% uptime) or have to run their trading platforms 24/7. Clients of BlackBull Markets who have an elite account, have deposited at least $2,000, and have traded at least 20 lots per month are eligible for a free VPS.
MAM / PAMM – a combination of the two
BlackBull Markets offers MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) solutions to help money managers execute bulk orders from one master account to several other accounts. MAM requires MT4 to execute the auto-trading function. All parameters can be tailor-made to meet any trading requirements. The PAMM system may be tailored to match your needs with its central liquidity pool and high-water mark clause.
A community of traders can discuss everything related to trading on SwipeStox, an online platform for improving their trading skills. The service allows you to duplicate other traders’ entries or to submit your own suggestions in exchange for a fee. It is possible to accept or decline any deal using the easy user interface in real time. Easily link your SwipeStox account to your BlackBull Markets account through SwipeStox.
PsyQuation will analyse your trade. In it, you’ll learn where your weaknesses are and how you can improve them. On the trading platform, you can create trade goals, control your trades with the dashboard, and receive relevant information as well as set notifications. BlackBull Markets MT4 customers can create a link to link their PsyQuation accounts to their MT4 accounts. Keeping an eye on the situation is important
There is an economic calendar widget on the BlackBull Markets site, hosted by MetaQuotes. News events are displayed based on their date of publication. Calendars display dates alongside the currency, news event(s) and release predictions.
Educational Resources for BlackBull Markets
In addition, they provide instructional videos on how to use the platform and how to analyse charts. Each week, the broker provides several market reviews articles under the area for market reviews.
TRADING INSTRUMENTS FOR BLACKBULL MARKETS
In addition to major, minor and exotic currency pairs, you can also trade key market indices on the BlackBull Marketplace. Throughout the entire week, clients are able to trade from Monday’s first open to Friday’s last close. The world’s brokers have varying opening hours due to time zone differences.
Forex is the world’s largest financial market by trading volume and value, with an average of $5 trillion worth of trades every day. BlackBull Markets offers more than 64 major and minor currency pairs for trading 24 hours a day.
CFDs on Indexes
Traders can diversify their portfolios and have access to global equity markets by trading index CFDs such as AUS200, GER30, US30, SPX500, UK100, and JPN225. According to market indices, the value of each enterprise within a market is relative. They are often combined into One-to-One Contracts for Differences (CFDs) for sale to similar sectors. The CFDs they offer are non-commissionable and do not carry markups or requotes. Custom trading technology provides ultra-low latency as well as straight-through processing to trade them.
Traders can diversify their portfolios by investing in commodities, such as energy, oil and gas. The maximum leverage you can use is 1:500. Typically, primary resources are either hard (gold, silver, crude oil) or soft (dairy, animals). There can be a significant impact on commodity prices from political situations and environmental events.
Gold and silver, which are often considered safe-haven assets by some, can be traded. These metals also help to diversify your trading portfolio. Furthermore, the minimum trade sizes can be customized in addition to the flexibility of the leverage.
Is Cryptocurrency trading available?
BlackBull Markets does not offer cryptocurrency trading. If you are interested in Bitcoin and crypto trading, go here to learn more.
AMOUNTS CHARGED BY BLACKBULL MARKETS
Each individual trader is able to choose from a variety of trading accounts available at BlackBull Markets. The minimum lot size for all accounts is 0.01 and the maximum leverage is 1: 500. Trading demo accounts are offered so that people can evaluate trading platforms, circumstances and other factors before opening a real account. In the accounts, a variety of banks are represented with raw interbank spreads starting at zero pips. The majority of them support MT4, and all offer deposit and withdrawal options. Active Trader Accounts offer rebates and more personalized services to clientss whose trading volumes are high.
ECN Standard (European Community Network)
This service runs on Equinix’s NY4 server and requires a minimum deposit of $200 to open an account. Spreads are from 0.8 pip and the trades are commission-free.
Equinix requires a deposit of $2,000, as well as usage of its NY4, LD4 and TY3 servers in order to qualify for the prime account. With spreads starting at 0.1 pip, and commissions at $6, this account offers great value.
The institutional account requires a deposit of at least $20,000. Spreads start at 0.0 pips and there are no commissions. There are other fees related to broker fees that may not be included in this BlackBull Markets review. If you trade a substantial amount, a better commission arrangement may be available. For online trading, you should read and understand all of the latest information before opening a BlackBull Markets broker account.
What are the BlackBull Markets spreads, and what do they mean?
A spread (or commission) is the fee you must pay to the broker in order to trade certain instruments online. This is known as the bid-ask price difference. Prices are generally more accurate when spreads are lower. Spreads as low as 0 pip are offered at BlackBull Markets. A number of large liquidity providers, including Bank of America, Goldman Sachs, Citibank, Barclays, RBS, Credit Suisse, Commerzbank, ABN AMRO and BNP Paribas, enable BlackBull to provide the lowest spreads. As a result of the brokerage aggregation system and this concept, liquidity providers compete for the best trade execution and lowest spreads.
SUPPORT AT BLACKBULL MARKETS
In addition to online chat, telephone, and email support, customer service is available 24 hours a day around the world. Within 24 hours, BlackBull Markets promises a response. At the company’s global offices, each major market is represented by a representative, who can assist with general and technical inquiries. Clients may also contact their own personal account manager for assistance.
OPENING AN ACCOUNT, DEPOSITS AND WITHDRAWALS
For funding and withdrawing an account, you can use wire transfers, credit/debit cards and online payment processing services such as Skrill, PayPal and Neteller. Choose the option that works best for you! Certain options will be faster and more convenient than others. It is possible to be charged a fee when you use certain payment methods. Depending on the bank, clearing bank transfers could take a few days. Open accounts in AUD, USD, EUR, GBP, CHF, JPY, NZD, SGD, HKD, SGD, HKD, SGD or HKD. It is advantageous to have multiple currency options because currency conversion fees do not apply when using your own currency.
Opening a BlackBull Markets account
The online registration process at BlackBull Markets is simple and straightforward. You can get started by filling out the form on the website and confirming your email address. You must upload documents proving your identity and address in order to complete KYC. Your account can then be funded and you can start trading.
Do you have any options for making deposits into BlackBull Markets?
You can deposit money into your BlackBull Markets account in just a few steps. A few of the deposit methods available are bank wire transfers, credit cards and eWallets like Skrill and Neteller.
You can choose from a variety of deposit options. BlackBull Markets accounts can be funded by logging into your Client Portal, where you have several deposit options at your disposal. If you use a secure online payment processor, you can check your account balance in real time, but bank wire transfers typically take several days. In addition to USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, and ZAR the broker also takes Euros and Yens. It is important to remember that the broker’s Skrill account is in USD, so if you use another currency, you may incur exchange rates.
BlackBull Markets – How do I withdraw my money?
Your trading account balance can be withdrawn through the BlackBull Client Portal. Under ‘Funding’ you can find a button that allows you to withdraw funds. When selecting one of these withdrawal methods, the amount you originally placed will be the only amount you can withdraw. A strict anti-money laundering policy at BlackBull Markets has led to this limitation. Any additional profits should be wired into your bank account. As is common with many brokers, they do not accept withdrawals or deposits from outside parties. Withdrawals and bank transfers can take 3-5 business days to clear, but eWallet deposits can be made within 24 hours.
BlackBull Markets is an award-winning forex broker based in New Zealand. Tens of thousands of traders from over 180 different countries use their platform. They have high-quality IT infrastructure and the site is unique among its peers due to its simple functionality. It offers some of the most reliable and cutting-edge add-ons on the market, making it a great choice for beginners. The platform and technologies offered by BlackBull Markets help to give their clients a competitive edge in global markets.
If you plan to trade on a foreign exchange, consider your investment objectives, experience, and risk tolerance. BlackBull’s contracts are speculative products that can be highly leveraged and have significantly greater risk than non-leveraged products. It is not a good idea to invest money you cannot afford to lose. It is possible to lose more than the equity in your account. Make sure you consider all the risks involved with foreign exchange trading. You are encouraged to consult with an independent financial adviser, seek legal advice or other professional advice to assist in qualifying your decision if BlackBull Markets is right for you.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own in depth research and consult a professional financial advisor before making any investment decisions