BlackBull Markets review and tutorials

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Detailed BlackBull Markets Review 2020: Forex, CFD'S and Crypto Regulated Broker

The BlackBull Markets Review shows that it is an organization with a robust service to traders around the globe, as well as a harmonized plan that complies with strict laws. In accordance with its regulated environment, the broker also offers advanced capabilities with requirements that are more competitive across market offerings.

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BlackBull Markets trading information

Bonus
No
Instruments
Forex, CFDs
Demo Account
Yes
Min. Deposit
$200
Min. Trade
0,01 lots
Regulated By
FMA
MT4 Integration
Yes
Mobile Apps
Yes
Auto Trading
Yes
Trade Signals
Yes
Islamic Account
Yes
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Forex

GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
N/A
Coins
N/A

Official BlackBull Markets Registration

What is BlackBull Markets?

BlackBull Markets began operating back in 2014 via Auckland New Zealand, incorporating years of experience in Forex Institutional Marketing with a emphasis on providing services to retailers. Since then, as a financial services company with a proprietary software, the broker has allowed multiple trading strategies to combine powerful trading efficiency with competitive pricing.

BlackBull Markets, established as a prime broker, also provides retail trading solutions and retains its translation, making it easier to reverse global exposure inside world trading centers, including London and Malaysia. Numerous opportunities, including a variety of conditions, trade assets are supported by learning materials and programs for active traders.

In addition to the various options for retailers, there are also specialist resources for institutional accounts, money managers and MAM and PAMM accounts.

ProsCons
Founded in New Zealand and operating in the UK and MalaysiaRelatively limited trading tools
Regulated by the FMA
Global industry awards
Tight Low Spreads
Pro and Retail trading options

10 Points Summary

HeadquartersNew Zealand
Regulation and LicenseFMA
PlatformsMT4 Platforms, Social trading Myfxbook and ZuluTrade
InstrumentsA range of Forex and CFD products
CostsTrading costs are low and average
Demo AccountAvailable
Minimum deposit200$
Base currenciesVarious base currencies offered
EducationForex Education and tools provided on a free basis
Customer Support24/5

Awards

BlackBull Markets is as a highly respected broker, as the clients they represent are largely pleased with the trading conditions and service they provide. As well as several awards highlighting the success of BlackBull Markets within the industry and making them one of the world’s leading trading suppliers in high technology and innovation.

Is BlackBull Markets safe or is it a scam?

Black Bull Group Limited, known as BlackBull Markets, is a licensed and incorporated New Zealand company which is also controlled by the local authority FMA. In reality, being a controlled broker is, in a way, a crucial factor, because obligations towards the authorities guarantee that the business has been tested before it is formed and complies with the necessary laws and operating models, and is therefore considered a safe investment firm.

ProsCons
Regulated by FMA in New ZealandNot listed in Stock Exchange
Segregated Account with Tier Banks
Negative Balance Protection

Is BlackBull Market legit?

Registration under the NZ Legislation Scheme announces that BlackBull Markets has a good standing and reliability to its services which also means that BlackBull Markets is a fully-fledged broker that is committed to the regulatory regime. The broker applies money security rules and policies, as well as offering a professional service and trading climate, which also compensates clients in the event of company insolvency, as specified in the FMA rules.

Leverage

Another important point in the Blackbull Markets Analysis is the offer of leverage levels. Generally, maximum leverage is determined by the instrument you trade, including the type of trader you are – either a professional trader or a retail trader, and is ultimately limited by the regulatory requirements that the broker obliges to.

For BlackBull Markets, you can use high leverage rates of up to 1:500 available for retail or skilled traders.

These are great news indeed, because given the fact that the majority of world authorities have already significantly lower permitted leverage rates, NZ and the Australian authorities still offer high maximum leverage ratios, which also require you to learn how to use them smartly without making trading too risky for you.

Opening an Account

BlackBull Markets designed three account types, all of which are based on ECN execution and offering very favorable trading conditions without a dealing desk model of operation. In reality, BlackBull did a great job by offering traders of different sizes, portfolios and needs access to its trading rooms.

In addition, institutional and professional access is specified and defined where all conditions are customized and maintained as per request. Active traders may also consider tailored solutions and additional services to enhance capabilities, such as VPS hosting, advanced reporting, and so on.

ProsCons
Three Account types based on ECN connectivityNone
Islamic Accounts
Fast Account Opening
Demo Account
Professional Account, Institutional Account, Active Trader Account

How to open your account?

Account opening is a fully digital process that is easily donr step-by-step on how to access and enable your defined trading conditions.

  1. Enter BlackBull Markets Sign In Page
  2. Type your personal details such as first and last name, country of residence, email, phone, etc. You can also use an existing Facebook or Google account
  3. Select your chosen account type and state your trading experience.
  4. Check your account by email, upload proof of ID, address and other documents
  5. Get access to your demo account and account area with active login
  6. Follow the first deposit

Fees

Another crucial point is how the BlackBull markets maintains its trading costs. In terms of a standard and recognized distribution of costs, you can accept rollover or swap, as well as non-trading fees such as inactivity, deposit fees or additional charges that may be relevant.

ProsCons
Options between standard fees based on spread and ECN account with a commission chargeCurrency Pair fees on Variable Account are rather high
Deep liquidity
Low Cryptocurrency and Commodity fees
Good ECN trading conditions

ECN spread

Our find on Forex Fees

You can choose the most appropriate option according to your trading style, either with all costs included in the spread, more suitable for beginners or daily traders through the ECN Standard account with spreads of 0.8 pips.

While successful or skilled traders will make better use of the ECN Prime account with a raw spread of 0.1 pips and a commission fee of $6 per transaction.

You may also see more spread examples below and compare fees with other common Velocity Trade brokers or other competitions shown.

Comparison between BlackBull Markets fees and similar brokers

Asset/ PairBlackBull FeesFXTM FeesAvaTrade Fees
EUR USD0.9 pips1.5 pips1.3 pips
Crude Oil WTI6 pips9 pips3 pips
Gold25940
Inactivity feeYesYesYes
Deposit feeNoNoNo
Fee rankingAverageAverageLow

Trading Rollover

Also, always count on swap or rollover fees charged for positions held more than one day. In addition, BlackBull Markets provides an appropriate offer for traders in compliance with Sharia rules known as Islamic Swap-free accounts, so that global investors can find the right conditions.

Trading Instruments

BlackBull Markets showcases various markets available around the globe, including over 64 currency pairs, Forex, indices, metals, commodities, oil, etc. This range is quite strong, as it includes popular trading instruments to diversify your portfolio, particularly given the good cost strategy and built-in proposal that we will see further in our BlackBull Markets Analysis.

What Deposits and Withdrawals BlackBull Markets uses?

As a controlled broker, BlackBull Markets offers a wide range of safe financing solutions and retains trust and security with Top level segregated bank accounts. However, always make sure that you check, depending on your residence, what conditions and methods are applicable to you or some of the rules that may vary.

ProsCons
Minimum deposit – 200$5$ withdrawal fee
Most common payment methods supported
Free of charge deposit

Methods of Deposit

BlackBull Markets allows you to deposit and withdraw funds using a variety of methods, including the following, while you can also choose a specific currency for your account for easy transfer and no exchange fees.

  • Credit cards,
  • Bank wires,
  • E-wallets such as Skrill, Neteller and FasaPay

Minimum Deposit

As far as the minimum deposit amount is concerned, the minimum amount is set at $200 for the ECN Standard account, while the next grade ECN Prime would need $2,000 for the first deposit.

Withdrawal

BlackBull Markets does not list any fees for deposits, but there are some charges for withdrawals. Withdrawing your money would cost you 5 base currency, 5 $if your main account currency is US$.

How am I going to remove capital from BlackBull Markets?

To remove funds from your BlackBull account, simply sign in to your account area or the Client Portal and send a request. Under the ‘Funding’ section, click the ‘Withdraw Funds’ tab, submit all the required data, allow BlackBull to process the request within 1-2 business days, and then your payment provider will add funds to the chosen method.

Platforms for Trading

The platform offering as part of the BlackBull Markets Review shows us the choice between the industry leader MetaTrader4 and the next version of MetaTrader5. All offer a super convenient choice between powerful conditions and an easy-to-use interface, both for beginners and professionals, making the software a pleasurable companion on your trading journey.

ProsCons
User-friendly designNo proprietary platform
Popular MT4 platform and MT5Relatively limited analysis
Good range of tools
WebTrader does not require installation
Clear look
Automated Trading and Social Trading

Web Trading

Both platforms have variants that are suitable for any PC, MAC, tablet computer, mobile device and online apps that can be accessed from the browser. Although Web Trading is a bit limited in its tools compared to the desktop version, it still provides the most important point required for every day trading.

The look is simple and nice to analyze, which MT4 and 5 technology is renowned for, along with unparalleled BlackBull trading solutions and strong investment in innovation, you can make the most of the trading performance.

Mobile Trading Platform

Definitely these days it’s almost impossible to imagine trading without a mobile trading platform, as it helps you to track and keep up-to-date with the situation whenever you are. BlackBull Markets Mobile Platform is also pleased to provide you with a range of technical analysis and chart choices.

BlackBull has also made it possible to use additional benefits from VPS servers and additional FIX API Trading features so that you can still execute your plan to the best of your ability.

AutoTrading

Although there is no need to go deep into the specification of each platform, we generally have to conclude that the BlackBull platform is a great manual or automatic trading software. There are no limitations on the use of EAs, neither scalping nor hedging tactics, so with BlackBull execution technology and comprehensive education, you can get the most, all depending on you.

In addition, you can have access to social trading through leading apps, including ZuluTrade and Myfxbook.

Customer Support Services

As far as Customer Support is concerned, BlackBull has made it as comfortable as possible so traders will be supported and satisfied at any stage.

You can refer to the help with any complaint or problem you may have, and you may also rely on a quality service, while the support team can be reached through Live Chat, International Phone Lines and emails to support world centers.

ProsCons
High Customer Support ratingNo 24/7 service
International languages supported
Skilled team, appropriate answers
Live Chat, email, phones

Education

In addition to its innovative and affordable offering, as we have learned in our analysis, BlackBull also provides educational resources appropriate for traders of different levels. There are commercial videos, guides and a glossary where you can find good quality information. BlackBull Markets also runs its Trading Blog with market overview, analysis and research materials to support the ongoing trading process.

Packed Research tools offered by both advanced MetaTrader technologies also include technical analysis, trading ideas and other capabilities, all of which are available at BlackBull.

ProsCons
Learning materials providedNone
Demo Account available
Personal Account Manager
Market Outlook
Research tools, technical and fundamental analysis

Final Word

Overall, the BlackBull Markets Review shows that it is an organization with a robust service to traders around the globe, as well as a harmonized plan that complies with strict laws. In accordance with its regulated environment, the broker also offers advanced capabilities with requirements that are more competitive across market offerings.

There are definitely choices that will suit your trading style, including the technology to be used, the network or the software that will fit your needs, so, in our view, BlackBull Markets is a broker to consider.

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