ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. It’s also important to note that BlackBull Markets only has a relatively small number of regulatory licenses. Discount codes and coupons aren’t a constant thing with BlackBull, but they pop up now and then.
- This extensive offering allows traders to diversify their portfolios and take advantage of opportunities in various markets.
- The $200 minimum deposit for clients might scare off small fry, and they’re picky about traffic sources—no shady arbitrage tricks.
- You live & learn I guess.I have their lowest account which is the standard account.
- ECN PrimeDesigned for traders who prefer commission charges as trading fees and more suitable for traders with experience, algo traders, pattern or swing traders.
- BlackBull trading costs are consistent with regular spread or commission charges based on the account type you select to trade, also some instruments might apply additional conditions.
Black Bull Markets Broker Review
Invest-hub and its staff, executives, and affiliates disclaim liability for any loss or damage from using the site or its information. The broker’s educational resources, including articles, webinars, and video tutorials, are designed to support traders at every stage of their journey. The acquisition of ATM Strategy Research in 2022 further bolsters BlackBull Markets’ research capabilities, providing clients with in-depth market insights and analysis.
Blackbull Markets Desktop Trading Platform
BlackBull Markets offers swap-free trading on the ECN Standard and ECN Prime accounts. The swap-free Islamic account is best suited for traders who cannot receive or pay swaps due to religious beliefs. Although this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administration fee on trading positions. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. 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. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
It comprises lower-risk securities, such as ETFs and bonds, which can be used to reduce one’s market exposure, as well as higher-yield/risk assets like cryptocurrencies. Traders who wish to have access to BlackBull’s entire tradable instruments selection must go for its flagship BlackBull Invest platform. The service can be used to achieve ultra-fast order execution speeds and to obtain raw spreads directly from an exchange’s order books.
TrustPilot Users’ Review About Blackbull Markets
However, it has a commission of $6 per 100k traded, and the minimum deposit is $2,000. Among these, Black Bull Markets has emerged as a notable contender, promising a seamless trading experience with advanced tools and competitive pricing. In this comprehensive review, we delve into the features, benefits, and potential drawbacks of Black Bull Markets to help you decide if it’s the right choice for your trading needs. From account types and trading platforms to customer support and regulatory compliance, we cover all the blackbull markets review critical aspects to provide you with a clear, unbiased perspective.
Mobile Trading Platforms
Conversion fees can make trading expensive, and affect profitability, especially since BlackBull charges a currency conversion fee of 2% on all deposits and withdrawals. The MT5 trading platform is being adopted by more Forex brokers all the time. It has a more modern interface, allows for an unlimited number of charts to be used, shows Depth of Market, and has a built-in Economic Calendar. It also has a larger number of pending order types than MT4 and features an embedded chat system. The MQL5 scripting language is more efficient than its precursor, and MT5 has more advanced charting tools than MT4. The trading costs on the Standard Account are built into the spread and are higher than the costs on the commission-based Prime and Institutional accounts.
We were pleased when Blackbull partnered with Autochartist in 2022 to bring powerful market analytics and automated opportunity identification directly into MetaTrader accounts. It’s also worth noting that supported platforms cTrader, MetaTrader, and TradingView also have excellent integrated economic calendars. Blackbull agent Alexander Ackerman-Hart has done an amazing job in responding on time and has been prompt with all his communication. The efficiency and speed of blackbull staff is 10/10 and as a result I have decided to switch my trading over from IG Markets to Black Bull.
To understand the real reviews, traders should focus on the content of the reviews. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service. BlackBull Markets provides access to industry-leading platforms including MetaTrader 4, MetaTrader 5, cTrader, TradingView, CopyTrader, and BlackBull Invest.
Is BlackBull Markets Safe to Trade With?
With competitive ECN pricing, low spreads, and support for copy trading and algorithmic strategies, BlackBull Markets delivers a professional trading experience. The broker also offers in-depth market research and educational resources, though it has limited regulatory coverage and high share CFD fees on cTrader. Based in Auckland, New Zealand, BlackBull Markets is a globally known brokerage. Established in 2014, it is led by CEOs Michael Walker and Selwyn Loekman. BlackBull Markets offers traders highly favorable conditions, including tight spreads and reasonable commission fees.
- No formal “loyalty program” with points or tiers, but BlackBull rewards consistent traders indirectly.
- They can also trade in both long and short directions and can hedge their positions as they want.
- Further, the commission that they charge through their Prime or Institutional accounts are also quite low and the spread is even tighter.
- For serious volume, the ECN Institutional offers raw spreads from 0.0 pips with a lower US$4.00 commission per lot.
BlackBull Markets presents clients with two well-regulated subsidiaries. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
In this Blackbull Markets review section, we will explore the Blackbull Shares platform. Activities such as placing orders, converting currencies during trades, etc., are grouped as trading activities, and the fees that these activities incur are known as trading fees. These fees also cover costs related to your trading activities, such as spreads.
These programs let traders handle accounts, study markets, and make trades on-demand, therefore offering the complete capability of the desktop platforms but on the go. BlackBull Markets charges traders some non-trading fees you should be informed of to help to prevent unanticipated expenses. The broker notably charges no internal deposit fees, therefore enabling customers to fund their accounts free from additional costs.