BlackBull Markets Review: Is It Legit Broker or Scam

blackbull markets review

In addition to the above exciting trading conditions, traders also enjoy low trading fees and zero commissions on the ECN standard account. Various learning resources which include trading guides, training videos, glossaries, articles, and more, are provided to help traders make knowledgeable trading decisions. Founded in 2014, BlackBull Markets are an award-winning online broker based in New Zealand specialising in Forex and CFDs. They are a great choice for those of you who want to trade with institutional grade conditions in a regulated environment.

This means you can easily learn trading with the broker on MT4 or other platforms. They offer a video tutorial section that includes useful videos on the topics such as how to set up and use your trading account, how to get started, how to perform chart analysis etc. The broker also offers some useful and easy to understand trading guides and review articles to help the clients make informed decisions.

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It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker. I searched their legal documents, but none confirmed the existence of negative balance protection. However, from a regulatory perspective, I can strongly recommend this broker. From a security perspective, client deposits remain well-protected, but I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts. As one of the most popular copy trading platforms on the market, MyFXBook is a service where you can copy trades from top successful FOREX trading systems.

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. BlackBull Markets presents clients with two well-regulated subsidiaries. Three requirements any successful trader needs from an ECN/NDD trading environment are deep liquidity, institution-level pricing, and high leverage.

blackbull markets review

The broker has a ‘trading resources’ section on its website that offers an economic calendar, which is very useful to traders. The broker publishes about 10 timely analysis (fundamental and technical) pieces covering the major markets. Traders can change their account’s leverage levels after registration but they have to contact the broker’s customer support team to facilitate the change. The MT4 WebTrader allows clients to access their MetaTrader 4 account through any operating system (Windows, Linux, Mac). It offers all the benefits of the MT4 desktop trading platform, and it is compatible with modern web browsers like Google Chrome, Mozilla Firefox, and Safari. Traders can use the MT4 WebTrader​ to trade from any device without needing to download additional software and it you will always get access to the latest version.

Trading Academy

The calendar is far from perfect when it comes to design and user experience. For example, filtering for different event types would be a great feature. The major difference is that you can set alerts and notifications on the desktop trading platform in the form of mobile push and email notifications.

  • I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
  • Overall, BlackBull Markets ranks #6 out of the 62 brokers that have been evaluated and scored within our investment types category.
  • Despite the good reputation and rating of the brokerage, many have complained about various aspects of the services it offers.
  • With that said, our experts found a one-month free trial for the BlackBull Research tool subscription.

This allows you to stay on top of the markets and receive notifications when specific price levels are reached. Furthermore, the website has an intuitive order management system that allows users to open and close their positions, set stop-losses, take-profit levels, and track their trading performance in real time. And for those who have an interest in algorithmic trading, the platform also supports Expert Advisors (EAs) on the MetaTrader 4 and 5 platforms. BlackBull Markets was founded in the bustling financial hub of Auckland, New Zealand. The founders of BlackBull Markets came together in 2014 with the aim of revolutionising the trading and investing retail space while providing clients with top-notch trading services.

What Deposits and Withdrawals BlackBull Markets use?

The broker charges a 2.5% fee on credit card deposits, with credit card withdrawals attracting a €5 fee and Neteller withdrawals attracting a €4 fee. BlackBull Markets offers over 200 tradable instruments in the Forex, indices, stocks, and commodities categories. We traded the popular instrument in each market to identify the actual spreads and placed a total of 12 trades. The time taken to process transactions may vary depending on the payment method in use.

This is supplemented by the broker’s own market analysis and educational resources. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. At, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.

It features an intuitive user interface, which makes it very easy to use by traders. While it is mainly used to set up auto-trading to follow traders that you have selected, it can also be used to establish yourself as the main trader in an auto trading network. While the broker does not charge withdrawal fees, transfer fees may be applied by the remitting bank(s) or payment system providers. This can all help you get the most out of your trading strategies when using BlackBull Markets. The minimum deposit required to start trading is $1 and they have the option of a free demo account if you want to give them a try before making a commitment.

Automated trading solutions offered by BlackBull

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Overall, BlackBull Markets’ account-opening process is easy and hassle-free and are generally ready for trading within one business day. Indices are a market wide value of specified markets based on the relative value of companies within the market. They are traded as Contracts for Difference (CFDs) and commonly grouped together by similar industries. BlackBull Markets established relationships with ANZ Bank and the FSPR help to ensure that they maintain the highest level of security for clients. Company files and audits must be submitted every year with the majority of this information publicly available for you to check and falling under legal body oversight.

BlackBull Markets is one of the rapidly growing companies in the industry. In fact, back in 2018, they have won the prestigious Deloitte Fast 50 award for being the fastest growing companies in New Zealand. They have earned a global reputation and presence by developing highly advanced fintech solutions including their own aggregation software. Both MT4 and MT5 are available on multiple devices, including desktop computers, web browsers, and mobile devices.

BlackBull Markets fees

Blackbull offers a considerable range of trading platforms, including MT4, MT5, Tradingview, and its two proprietary platforms Blackbull Shares and Blackbull Trades. Blackbull offers three accounts, which is average for the industry, and they cater to both beginners and more experienced traders. Founded in 2014, BlackBull Markets are an award-winning online broker based in New Zealand who offer institutional grade trading conditions on user-friendly platforms, specialising in Forex and CFDs. It doesn’t matter what your investment size is, all clients get an institutional level of treatment, regardless of your background. They are constantly furthering and bettering their brokerage service to the benefit of their clients. If you are still unsure whether they are a suitable option, you could always open a demo account and download the MT4/MT5 platform to see if they meet your expectations.

Remember, the standard account has no minimum deposit requirement and doesn’t charge commissions. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution. MT4 remains limefx 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.

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