AML and KYC policies are operational for all new client registrations and ongoing. The most popular profile with a true ECN experience using direct to market processing. With no commissions applicable and low spreads, it’s easy to get started. It uses pattern recognition technology to monitor the markets 24/7 and is an important feature in many traders’ toolkits. Black Bull Group Limited is incorporated and registered in New Zealand, regulated by the local Financial Markets Authority (FMA).
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. Overall Blackbull Markets review shows they are a good choice for New Zealanders wanting a forex broker that offers FMA regulation and has ECN trading with low spreads. Something that doesn’t appear readily available from brokers with a derivatives trading licence from the FMA. BlackBull Markets offers 24/7 customer support via live chat, email, and phone, ensuring clients have continuous access to assistance.
BlackBull Markets’s standout feature is its ultra-fast order execution, a critical advantage for many traders wanting to avoid slippage. In our 2024 tests, BlackBull Markets demonstrated the fastest execution speeds among all brokers we evaluated. Other features we like are their competitive spreads for ECN trading (from 0.1 pips) with the ECN Prime account and a surprisingly large range of trading platforms and xcritical courses scam copy trading tools.
BlackBull Markets Review
Ideal for technical analysis enthusiasts, TradingView combines powerful charting with a social networking aspect, allowing traders to share and discuss trading ideas. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. This includes MT4 videos, forex analysis guides, and a trading glossary. When we used the BlackBull Markets platform, we were pleased with no account opening costs or inactivity fees for dormant profiles. BlackBull Markets is considered a safe broker with an overall trust score of 37.
TradingView
If you have experience trading with BlackBull Markets please share your personal review of the broker and what you think are strong and weak points. Compare BlackBull Markets with the top 3 similar brokers that accept traders from your location. BlackBull Markets does not offer any bonuses or promo deals at this time. Keep an eye on the latest session timetables via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays.
Additional Features
- Unlike some brokers, BlackBull Markets does not require traders to open a live trading account.
- You can leverage the broker’s interactive environment and advanced monitoring features to social-proof the strategies you choose to follow.
- The broker is licensed by the New Zealand Financial Markets Authority (FMA) and registered as a security dealer by the Financial Services Authority (FSA) of Seychelles.
- BlackBull Markets offers over 26,000 different financial products to choose from.
- Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry.
Following the successful BlackBull Markets demo account registration, traders will receive their login details via e-mail and can download their preferred trading platform. The average spread figures for BlackBull Markets are derived through a monthly comparison of published fee data and real-time testing on live accounts. This process ensures an accurate and up to date analysis of brokers spreads. The broker also offers the ZuluTrade mobile app, a social copy-trading platform available on iPhone, iPad, and Android. BlackBull Shares is the broker’s proprietary mobile app providing access to global share trading across 80+ markets.
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. The company founders offer 10+ years of combined institutional experience in the forex space. The broker is a true ECN, no dealing desk brokerage, providing institutional-grade fintech services to retail clients. They successfully manage a demo account for several months, decide to go live, and then join the 75% to 90%+ of traders who fail.
BlackBull Markets offers trading platform demo accounts to allow traders to practice and familiarise themselves with the platforms xcritical before trading with real funds. The demo account options include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, BlackBull CopyTrader, and BlackBull Shares. These demo accounts provide a risk-free environment for traders to hone their skills and test strategies on different platforms offered by BlackBull Markets.
Another positive is that traders may deposit in nine currencies, but not all deposit methods support each of them. BlackBull Markets process all withdrawal requests within 24 hours, and the back office handles all financial transactions from an easy-to-use interface. 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. BlackBull Markets offers traders an excellent asset selection, placing it in the Top 5 brokers in the industry. 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.
Forex commissions at BlackBull Markets are between $4.00 and $6.00 per 1.0 standard round lot, dependent on the account type. BlackBull Markets offers cryptocurrency CFDs, but not physical cryptocurrency trading. Withdrawals above the deposit amount using payment processors are not possible. BlackBull Markets answers some questions in its FAQ section and describes its products and services well. Therefore, I believe that most traders will not require assistance unless there is an emergency.
Three requirements any successful trader needs from an ECN/NDD trading environment are deep liquidity, institution-level pricing, and high leverage. BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this. It ensures high-speed trading and offers scalpers and other high-frequency traders the precision trading they require. It would be great if they could in the future offer a wider selection of assets to trade.
Can you trade crypto with BlackBull Markets?
While there is a small withdrawal fee and a high minimum deposit requirement for an ECN Prime account, overall, Black Bull Markets is an impressive Forex broker with which to trade. Algorithmic traders, seasoned traders, and copy traders require a demo account to bug-fix trading solutions, test new ones, and evaluate EAs and signal providers. Potential clients require a demo account to road test a new broker and its trading platforms. The BlackBull Markets demo account caters to these needs but has a high default demo account balance of $100,000, and a 30-day time limit. The BlackBull Markets demo account comes with a default restriction of 30 days, which will probably be long enough for most potential customers but may be too short a period for many. BlackBull Markets offer the MT4/MT5 trading platforms, upgraded via the Autochartist plugin and access to the TradingView community, and both have integrated demo account registration set-ups.
Clients using the ECN Prime account will incur tighter spreads from 0.1 pips, with commissions from $6 per lot. Advanced investors trading under the ECN Institutional account type can benefit from negotiable commission rates and spreads from 0.0 pips. BlackBull Markets offers several platform options so there is something for everyone. This includes a proprietary shares app plus MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView and cTrader. BlackBull Markets has no minimum deposit requirement for its ECN Standard account, $2,000 for ECN Prime, and $20,000 for ECN Institutional.
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. The share trading option is ideal for those looking to invest directly in companies and potentially benefit from long-term value appreciation and dividends.
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. Overall, the core trading environment is outstanding, and I rank BlackBull Markets as a leading choice for demanding equity traders, asset managers, and Forex traders. DailyForex.com adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence.