Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Overall, BlackBull Markets offers a comprehensive offering to traders around the globe. Together with its regulated environment we also found advanced capabilities with competitive conditions among market offerings and is one of the brokers allowing high leverage ratios.
- We compared BlackBull Markets spreads with some other international brokers.
- Other features unique to this account type are VPS access, 24/6 technical support, and a customizable MAM/PAMM platform.
- Furthermore, there are competitors who have raw spreads that start from just 0.0 pips including IC Markets.
- The BlackBull Markets MT4 is connected to the NY4 Equinix server that is located on Wall Street and can execute trades from 2-5 milliseconds.
- These servers can also serve as a backup in the unlikely even any data centre or server was to fail.
Overall, I found the trading experience with BlackBull Markets to be enjoyable and stress free. 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.
Safety & Security of BlackBull Markets
After you download the MT4 mobile trading platform, you have to access the BlackBullMarkets-Live server. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won’t have to pay a conversion fee. We compared BlackBull Markets’s fees with those of TMGM and Fusion Markets, two similar brokers selected by our analysts.
They are a great choice for those of you who want to trade with institutional grade conditions in a regulated environment. They provide you with an enjoyable trading experience that includes user-friendly trading platforms, tight spreads, low fees, rapid trade execution speeds and excellent customer support. I have had an account with them for a few years now and have yet to have any issues.
It would be great if they could in the future offer a wider selection of assets to trade. You can try the BlackBull Market trading experience using the demo account. Trade for 30 days using $100,000 in virtual funds and actual market pricing. BlackBull Market also provides copy trading facilities, including ZuluTrade.
I like the fact that they are focused on providing exceptional trading conditions including tight spreads, fast execution speeds and competitive fees. The range of services and support they offer make them one of my favourite brokers. They simplify the whole process and are always available to help with anything you need. We also take an in-depth limefx company reviews 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.
This gives you institutional grade trading conditions with fast execution speeds and tight spreads from just 0.0 pips, backed by excellent 24/7 customer service and support. 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). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The broker offers various account types, dedicated 24/7 online support, and high leverage. In this review, we will discuss important topics such as regulations, assets, trading fees, and more.
The educational materials aim to enhance traders’ knowledge and skills, enabling them to make informed trading decisions. I appreciate the flexibility at BlackBull Markets for deposits, as after the initial deposit, follow-on amounts https://limefx.biz/ remain at the discretion of traders. Another positive is that traders may deposit in nine currencies, but not all deposit methods support each of them. I do not like the $5 withdrawal fee, which most brokers do not charge.
The broker also holds a derivative issuer license that was issued by the Financial Markets Authority. This government agency is responsible for the regulation of financial markets in New Zealand. Use it to practice, try out all features on BlackBull Markets, experiment with your strategies without the fear of losing real-money.
The platform is built with military-grade software security for an enhanced trading experience. BlackBull Markets provide the MT4 to ensure that traders enjoy a seamless trading experience. However, it’s essential to thoroughly assess a broker’s safety and reliability before depositing funds. In this review, we will provide you with an in-depth analysis of Blackbull Markets, covering key features, account types, trading platforms, customer support, and more. By the end of this review, you will have a comprehensive understanding of whether Blackbull Markets is the right broker for you.
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The VPS service is only available on the BlackBull Markets Prime account, and as such, traders are required to deposit a minimum amount of $2,000. You can get a free VPS for a lower deposit from some other brokers including Blueberry Markets. I signed up with BlackBull Markets in May 2020 when looking to add another broker to my trading portfolio.
BlackBull Markets are a true Electronic Communication Network (ECN) broker with Straight Through Processing (STP) and No-Dealing Desk (NDD). This means that there is no conflict of interest between us traders and the broker. When you place a trade, it gets sent directly to the market at the best available price at any time. BlackBull Markets doesn’t have its own self-developed trading platform, instead it offers the MetaTrader 4 third-party platform.
It is reputed for being the most popular auto trading platform available today. It allows traders to seamlessly replicate the trades of successful traders in their accounts. It features a database of traders from which you can choose the best for your individual goals and investing style. To be honest, if you are looking to go the copy trading route, then eToro would be my top choice as they the leading provider of social trading platforms. The MT4 is an award-winning platform that was launched in 2005 and has since grown to become one of the choicest trading platforms among forex brokers and traders alike.
Is BlackBull Markets safe?
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. ForexBrokers.com has been reviewing online forex brokers for over six 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. With spreads starting from 0 pips and commissions of USD $6 round-turn per 1k lot (also called standard) the ECN Prime account brings the lowest spreads to retail traders. This account is the best choice for experienced traders, high-volume traders and scalpers.
This might not make a big difference unless you are scalping or trading large volumes, but it can still add up in the long run. 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.
Beginner traders get fifteen videos, and numerous short Trading Guides, offering an in-depth introduction to trading. While I prefer more content, BlackBull Markets presents enough information for beginners. Here is a screenshot of the BlackBull Markets MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. There are also no account fees or fees for deposits, but you’ll pay a $5 withdrawal fee. The nine base currencies function as a money saver because you won’t have to pay conversion fees if you transact in your own currency.
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Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry. I found some of the additional questions unnecessary, as traders can fill them out as they wish, and there is no verification of the answers. BlackBull Markets includes the account verification with the account opening form, which I like, as it is a requirement and saves traders the extra step from the back office. New traders must submit a copy of their ID and a proof of residency document dated within the past three months.