The table below summarizes the different investment products available to BlackBull Markets clients. BlackBull Markets offers multiple platforms, including the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps. The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000. Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor. However, the broker lacks strict regulation from a top-tier regulatory authority, such as the FCA, CFTC, or ASIC.
Over the years, BlackBull Markets has grown into a popular ECN broker, xcritical scammers serving thousands of clients from over 180 countries across the globe. In addition to their head office in New Zealand, BlackBull Markets has launched representative offices in New York, London, Jakarta, and Kuala Lumpur. Their clients enjoy institutional-grade trading conditions, such as low spreads that start from 0.0 pips, lightning-fast execution speeds, zero deposit fees, multiple account types, and low trading fees.
With these types of accounts, on each specific symbol, you can only have one single position in one direction. There are no restrictions against hedging with your BlackBull Markets account. Your account balance also must be at least $2,000 if you want to get the free VPS. BlackBull Markets accepts a wide range of methods either to deposit or to withdraw.
Their spreads across other major currency pairs like AUD/USD, EUR/GBP, GBP/USD, and USD/JPY also align with industry averages, offering traders fair and consistent trading costs without commission fees. We xcritical scammers also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The broker provides traders with MT4 and MT5 demo account, which they can use to practice their trading strategies on multiple financial instruments without risking real money. Demo accounts allow beginners to learn how the market works and also get used to the broker’s trading platform and tools. Negative balance protection means that traders are protected from losing more money than they have in their trading accounts.
Adjust for trade size, currency pair, and base currency to see how BlackBull Markets stacks up against these brokers in terms of trading expenses. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand. The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014.
Separate from their CFD trading, BlackBull Markets also provides a share trading facility allowing direct investment in company shares. Although 20 different payment methods are offered, availability varies depending on your location. For instance, New Zealanders aren’t offered cryptocurrency as a payment method, yet the only country able to use POLi. These tools collectively offer BlackBull Markets’ clients a range of options to automate, analyse, and optimise their trading activities. This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest.
The platform offers advanced charting and trading tools and more options for automated trading. I like the trading experience at BlackBull Markets due to its competitive cost structure and excellent trade execution. BlackBull Markets also supports API trading and offers VPS hosting, making it ideal for advanced algorithmic trading. The asset selection, especially for equity traders, ranks among the top 5 brokers within the retail Forex/CFD industry. The minimum deposit for the ECN Prime account of $2,000 is a bit high but remains acceptable.
Unlike CFDs, where traders speculate on price movements without owning the underlying asset, share trading involves actual ownership of the stocks. This ownership grants investors certain privileges, such as voting rights in company decisions, which are not available with CFD trading. A downside to BlackBull Markets is a $5 withdrawal fee for all payment methods. As shown in the table, processing times and minimum withdrawals vary between methods. A diverse range of funding methods are available, including Visa and Mastercard debit and credit cards, e-wallets like Neteller, Skrill, and PayPal, and crypto such as Bitcoin or Ethereum.
With a dynamic 16-year trading career, he’s on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
Forex traders get 60+ currency pairs, but the bulk consists of 23,000+ equity CFD and the underlying asset for direct share dealing from 80+ global stock exchanges. It results in a broad-based choice of trading instruments ideal for demanding asset managers and long-term dividend income-generating portfolios. BlackBull Markets has also added cryptocurrency CFDs, and the only asset class not offered is ETFs.
BlackBull Markets is a forex broker located in Auckland, New Zealand, and was founded in 2014. BlackBull Markets achieves rapid order execution through globally distributed servers, including the NY4 Equinix data centre in New York and others in London, Japan, Hong Kong, and Shanghai. A popular choice for its user-friendly interface, MT4 features advanced charting tools, automated trading with Expert Advisors, and a wide range of technical indicators. BlackBull Markets provides three account types with distinct pricing structures.
If your thing is EA trading, and your trading volume exceeds the minimum threshold, then apply to your free VPS. This means that you can trade using micro lots, equivalent to 1,000 units of the base currency, which is the same as trading with a 0.01 lot size. Some of the payment methods may not be available, depending on your country. On the other hand, you can get awarded up to $250 for referring a friend.
