Blackbull Markets

It is a free virtual account where you get real data from the markets. Also, there are two other account types that we will present to you in the next section. The standard account is a perfect account type for those who are just starting out in this market. The initial deposit needed to create this account is very low and stands at just $200. The commission-free standard account is a great way to start out trading in this market, with access to all of the tradable assets that this company has to offer. This account type offers a very good Forex experience, thanks to no commissions and very low spreads, starting from 0.8 pips.

We recommend BlackBull Markets to traders who run scalping, hedging, and automated trading strategies. BlackBullMarkets Review found a section dedicated to trader education with 11 learn to trade videos, 5 trading guides and a trading glossary. The training videos can be found on the broker’s YouTube channel. BlackBull Markets offers a bonus programme to its clients with a maximum payout of $250. BlackBull Markets offers over 200 tradable instruments in the Forex, indices, stocks, and commodities categories.

BlackBull Markets MetaTrader 4

They include crude Brent cash, crude oil Brent futures, west texas intermediate crude oil cash, and much more. The term “precious” refers to a naturally occurring chemical element with a high economic value. The term “precious metals” is often used to refer to the most secure investments during periods of turbulent markets and volatility.

Our review of BlackBull Markets shows that this ECN broker offers investors the ability to trade four different types of trading assets. When it comes to the amount of money that you will have to pay for deposits and withdrawals, it very heavily depends on the payment method that you are using. We will discuss more it later in the review, but to give you a general idea, they are very low compared to other brokers. Also, if you are using online payment methods, in most cases, there are no fees for deposits at all. The broker has its headquartered in Auckland, NZ and has an additional support office in Kuala Lumpur, Malaysia.The company offers 10 years of combined institutional experience in the CFD and forex space. The broker is a true ECN, No Dealing Desk brokerage providing institutional-grade fintech services to retail clients.

Customer Support Review of BlackBull Markets

The Standard Account is perfect for those just starting their trading journey, offering a comprehensive trading experience on PC, Mac, Webtrader, and a mobile trading platform. The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades. The company offers professional services like personal account managers, daily market condition updates, and analysis as part of an overall superior product to clients. Demo trading will mirror the trading platform and functionality of live trading accounts but lacks exposure to full trading psychology. Demo trading accounts can also create unrealistic trading expectations and promote false trading behavior.

Customer support is available 24/7, which is rare for the industry and the agents are responsive, polite, and knowledgeable. Market reviews – A section covering high-impact economic events, with expert commentary and videos from Blackbulls global market analysts. As a regulated broker, Blackbull ensures that all Anti-Money Laundering rules and regulations are followed. It maintains regulatory oversight from New Zealand’s Financial Markets Authority (FMA) and the Seychelles Financial Services Authority (FSA). As of this date, there are no offers or promotional deals at BlackBull Markets. Traders can visit the website or its social media pages for future promotions.

Accounts, deposits, and withdrawals of BlackBull Markets

In summary, BlackBull Markets is a safe broker and a great one at that. They offer amazing ECN conditions, great execution, a range of perks, very cheap trading costs and have an amazing reputable within the industry. I’ve used so many various brokers over the last 5 years, searching for perfect, and now some of my capital is with BlackBull because of it’s truly unbeatable conditions and safety.

• As mentioned, the minimum required deposit by this account is $200.
• The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades.
• This page provides an easy-to-understand explanation of how trading operates and the basic principles of technical and fundamental analysis.

Also don’t worry if the broker asks questions about your financial background e.g. your available assets, salary range. This is also part of the risk assesment process – to make sure you don’t take on investments and trades you can’t afford. This is standard procedure, as brokers need to make sure that you have a basic financial knowledge and you are aware of the risks of trading. First you need to fill a registration form to apply for an account. Your application needs time to be verified [1 day] after which you can deposit and start trading.

Why Choose BlackBull Markets?

The Standard Account features spreads starting from 0.8 pips on major currency pairs such as the EUR/USD. The only trading platform offered by the broker scammed by limefx is MetaQuotes’ MT4, which is arguably the best such platform in the business. Institutional users are offered MAM / PAMM and white marking options.

However, what the broker offers in this regard is nothing short of impressive. They offer pretty much every pair you will need as a retail forex trader, including majors, minors, index, commodities, energy and metals. There are brokers out there in the markets offering more https://limefx.group/ products and pairs to trade, but for the majority of retail traders the products on offer are more than enough to sink your teeth into. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.

Opening it and clicking on the appropriate link is followed by a period when new users have to wait for BlackBull staff to verify the account details. The most interesting asset class covered by the operator is the cryptocurrency one. Besides Bitcoin, this class includes Litecoin, Ethereum and DASH too. Interestingly, the broker has not yet made available the Web Trader variant of the platform. Several different MT4 variants can be downloaded for free at the BlackBull Markets website, covering Windows and Mac machines as well as Android and iOS-based mobile systems. Of these, the cheapest is the standard ECN account, which is clearly intended for beginners.

BlackBull Markets charges low fees for trading the main instruments on offer. The fees charged for trading Forex pairs, indices, stocks, and commodities were much lower than industry averages. We contacted the broker’s customer support team to resolve the challenges we faced. With the standard account, you’ll get an fresh spread but you pay no commission. By using the other accounts you’ll get the raw spreads but you have to pay a commission. There’s a service for professional guests and plutocrat directors (institutional service).