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. The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA). In May 2023, BlackBull Markets received an investment from Milford Asset Management, a prominent private equity firm in New Zealand, which included the appointment of an independent Chairman. BlackBull Markets attempts to fulfill withdrawal requests within 24 hours.
Crypto Trading
- Yes, BlackBull Markets offers all traders a vast collection of instructional tools to improve their trading knowledge and abilities.
- The broker stores client funds in segregated accounts at ANZ Bank, one of the most reputable financial institutions in New Zealand.
- To copy trade with Frank Forex, you’ll link a portion of your account (minimum and maximum amount will differ by broker) to Frank’s account.
- The world’s leading charting and social trading platform can be used on both desktop and mobile devices.
- The available choices include the globally recognized MetaTrader suites — MT4/MT5, cTrader and the TradingView platform renowned for its charting capability.
It mirrors or mimics a live trading account but with fake or virtual cash. Additionally, the BlackBull Markets’ library of insightful educational content is readily available to help you navigate the complexities of the trading world. Unlike other brokers, BlackBull Markets also provides educational resources for intermediate and advanced trading, hoping to update their trading experience. Its simplicity, transparency, flexibility and efficiency make it the ideal copy trading tool for beginners and experienced traders committed to excelling in the market without hassles. The BlackBull Trade Platform is a revolutionary and versatile web and mobile trading application boasting comprehensive price analysis tools, expert advisors, copy trading features and more. If you enjoy multi-asset trading on the go and need a robust mobile platform, BlackBull Trade might just be what you need.
Security of Funds
However, despite its multi-channel customer support and impressive awards, the broker has an average Trustpilot rating of 3.4/5 with various negative comments. Whether this reflects the broker’s overall customer service or indicates a few dissatisfied customers is not entirely clear. This long-term investment strategy helps you become a shareholder and benefit from the growth of a diverse company, xcritical scammers xcriticalg dividends and capital appreciation. You can trade CFDs in 27 commodities, such as energies (Brent crude, WTI and natural gas), precious metals (gold, silver and copper) and cash crops (soybeans, corn, cotton and coffee). BlackBull’s 11 crypto assets comprise popular coins such as Bitcoin, Ethereum, Litecoin and DOGE. However, the bulk of BlackBull Markets’ tradable symbols are equities.
How competitive do BlackBull Markets offer the spreads?
BlackBull Markets offers four robust trading technologies alongside two in-house platforms. Having multiple platforms means you can choose the option that suits your trading style, preferences, goals and risk management strategy. The available choices include the globally recognized MetaTrader suites — MT4/MT5, cTrader and the TradingView platform renowned for its charting capability.
Blackbull Markets – Analysis of the Brokers’ Main Features
The broker offers over 20 funding options, including bank transfer, credit/debit cards, crypto, Airtm, Skrill, Neteller, SEPA and AstroPay. Typically, your location or jurisdiction determines the acceptable payment method. Depending on your chosen method, the deposit processing time ranges from under a minute (instant deposit) to up to 24 hours or a few days. BlackBull Markets provides high-quality articles and daily news that shed light on xcritical global market trends and those of New Zealand, the U.S. and more. This vital research resource is accessible under Trading Opportunities.
Plus, the broker’s well-designed educational libraries are available to help every trader navigate CFDs and forex trading complexities in a fast-changing financial market. Suppose you’re an experienced or beginner trader looking for a reliable and trusted online forex trading broker to kickstart your journey. BlackBull Markets also boasts some of the most advanced and intuitive trading technologies, with robust features and sufficient assets to cater to diverse trading preferences.
Mirror Trading
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. The mobile trading apps from BlackBull are functional, providing adequate tools for trading and monitoring markets from mobile devices. Yes, BlackBull Markets offers two-factor authentication (2FA), which provides additional protection to client accounts during the login process.
The WebTrader eliminates the need to install any additional software and offers all the same benefits as the desktop version, including drawing tools, financial news and live pricing. BlackBull Markets offers CFD trading on an 2000+ global company shares with fast execution via MT4 or MT5. Spreads are variable and competitive, with a typical spread for Apple coming in at 0.04. All shares trading is done through derivatives meaning the company stocks are not bought or sold. Therefore, the total trading cost for the ECN Prime account is 0.7 pips ( 0.6 +0.1) compared to 0.8 for the ECN Standard option.
The Quickstart dropdown tab on the top of the menu can answer some of your questions regarding the company and its various services. The MT4/MT5 platforms are highly reliable trading technology with compelling features like fully customizable charting options, multiple order types and advanced analytical capabilities. Both have built-in copy trading systems and support one-click trading, algo or automated trading through Expert Advisors (EAs), trading from the charts and trailing stops. They’re available on tablets, mobile devices (Android and iOS) and desktops (Windows or Mac). You can execute trading via the web without downloading any software onto your device using the MT4 WebTrader. It is ideal for expert multi-asset traders seeking a more powerful trading technology.
You may wonder, “What then makes this account popular?” To grasp this, you must understand how trading costs and pips work. ECN Standard account is commission-free, meaning the total trading cost is 0.8 pips. TradingView is the #1 charting and analytical platform used by 50+ million traders worldwide.
Copy trades or lead followers with the BlackBull CopyTrader platform. Experience BlackBull Markets’ institutional trading conditions combined with cTrader. BlackBull supports a variety of funding methods, including bank wires, Neteller, and credit cards, providing flexibility for deposit and withdrawal options. Yes, based on your detected country of FI, you can open an account with this broker. Yes, BlackBull Markets allows cryptocurrency deposits such as USDT ERC-20, USDT TRC-20, BTC, and ETH, and processing timeframes range from immediate to two days. However, internal withdrawal costs of $5 or similar may apply depending on the method and currency.
As an ECN broker, BlackBull Markets offers significant cost savings via near-instant trade execution. The table below shows how the pricing structure and other parameters compare for each account type. BlackBull Markets offers negative balance protection, which ensures you won’t lose more than you deposited during widespread market volatility. If you’re a margin trader, check that your broker has this protection, as it can help minimize risk. BlackBull’s educational hub boasts libraries on forex, crypto, commodities and stocks neatly divided into Beginner, Intermediate and Advanced sections. This outstanding educational approach ensures that every trader, regardless of experience level, can learn and continually update their trading knowledge.
Use any of these platforms as a starting point for your research, but remember, not every trader has the same needs. BlackBull Markets is well-respected and trusted by thousands of traders https://xcritical.online/ globally because of its excellent trading conditions, robust security measures and regulatory oversight. The broker is licensed and regulated by the New Zealand FMA and the Seychelles FSA.
However, depending on your payment provider, the funds may take longer to reach your account. Yes, BlackBull Markets offers trading on futures contracts based on various underlying assets, such as commodities and interest rates. The platform emphasizes the importance of margin as collateral for leveraged transactions and free margin as available funds for new positions. If your BlackBull Markets account base currency varies from the currency denomination of the asset you are trading, a currency conversion charge will be applied. Conversion rates are often competitive but include these extra fees in your calculations.
BlackBull Markets charges competitive spreads, notably via its Prime Account, with spreads beginning at 0.1 pips on EUR/USD. The BlackBull Markets website lets you compute an estimated overnight cost for your trades. BlackBull Markets does not accept client applications from Canada and the United States.