BlackBull Markets Review 2023: Is BlackBull Markets Right for You?

blackbull markets review

A bank transfer can take several business days, while payment with a credit/debit card is instant. All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.

blackbull markets review

For example, it took us some time to figure out how to add an asset to the watchlist. BlackBull Markets provides a swap-free / Islamic account that operates in full compliance with Sharia Law. Swap-free accounts are offered as a variant of Standard, Prime and Institutional Accounts. There is no account limefx forex broker or deposit fee, however, withdrawal carries a price tag. MT4, MT5 and TradingView all come with web versions so you can trade through online browsers without needing to download software. That said, they do also come with desktop solutions so it is possible to download the platforms if you wish.

BlackBull Markets Mobile Share Trading Platform

BlackBull Markets is also a member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. At the time of writing, there are no promotional offers available at BlackBull Markets. Traders can check the broker’s website or social media pages for any future deals.

For the Negative points, there is no 24/7 support, and tools might be slightly limited, also conditions may vary based on entity. BrokerNotes is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors. We are obsessed with creating the best finance content on the internet, and we are dedicated to helping our readers make great choices for their money. All of the content on is researched, fact-checked, and edited by members of our editorial team. Our ratings and rankings are driven by our independent data collection.

Its goal is to become the leading online financial technology and foreign exchange broker. Despite a growing product range on MetaTrader and support for social copy trading tools, BlackBull Markets falls behind the best brokers in several key categories, such as education and research. It’s also important to note that BlackBull Markets currently has a relatively small number of regulatory licenses.

  • BlackBull Markets is a good ECN and STP broker that offers access to over 26,000 tradeable instruments via the MT4, MT5 and TradingView platforms.
  • Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based BlackBull Markets trading account.
  • BlackBull Markets use one of the most popular and renowned trading platforms, MetaTrader 4 or simply BlackBull Markets MT4.
  • It’s regulated by the Financial Markets Authority (FMA) of New Zealand and the Financial Conduct Authority (FCA) of the United Kingdom.
  • I like this level of support but also sometimes I like to be able to get on with my trading undisturbed.

We sent an email inquiry about the broker’s institutional account and the Active Trader account to but did not receive a reply from the broker, which was disappointing. BlackBull Markets’ customer service team was quite helpful and gave us direct and prompt answers that were very accurate. Our first interaction with the team was via live chat, where we asked about the order execution and whether they allow hedging, scalping and change of leverage. While the broker offers detailed video content, we would like to see written content for traders who learn best via reading.

Fast response – deposit issues

In addition, it helps you to analyze your actions and shows your weak areas that need to be improved. You can manage your trading, set your goals, set notifications via an easy to use interface. If you’re a BlackBull Markets client, you can create your PsyQuation account for free and connect it to your MT4 account. If you open an account with Blackbull Markets you will enjoy a free TradingView Pro subscribtion.

Here’s how BlackBull Markets fares in providing clients with the most common types of educational content. A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience. The best thing about the broker is the high leverage levels offered to traders backed by its New Zealand FMA license, which ensures the security of customer funds.

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. Day traders can make use of social trading tools such as Myfxbook, HokoCloud and ZuluTrade. The broker also offers free VPS services for traders who meet certain criteria, including NYC Servers and BeeksFX. Institutional clients can also access prime services and PAMM accounts.

​How long does it take to open an account with BlackBull Markets?

This can be a great solution for those of you who are running HFT strategies and automated systems that need the best pricing possible. If you are specifically looking for API trading, then FXPIG might be worth a look. Blackbull Markets has an exceptional track record and ability to comply with various authorities’ policies and regulations. In addition, Blackbull Markets understands that every trader has their own interest.

The research also consists of technical analysis, but the entire package costs $45 monthly. The primary regulator of BlackBull Markets is the New Zealand Financial Markets Authority (FMA). It also maintains a subsidiary, BBG Limited, authorized by the Seychelles Financial Services Authority (FSA). Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Compare the markets and instruments offered by BlackBull Markets and its competitors.

Traders get the opportunity to diversify their portfolio using a wide array of commodities such as oil, gas, and energy. For those who don’t know, Indices are the value of particular markets based on the value of companies in the market. They are normally traded as CFDs and grouped according to similar categories. PsyQuation is a useful trading management tool that allows you to monitor your trading performance.

Do I Have To Download A Trading Platform For BlackBull Markets?

We have in-depth guides on MetaTrader if you’d like to learn more; check out our guide to MT4, or read our in-depth guide to MT5. BlackBull Markets charges limefx broker reviews other non-trading fees, including deposit and withdrawal fees. We placed 3 trades for each instrument to get an accurate estimate of the average spread.

How to open Account

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. 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. In such a case, BlackBull Markets ensures a customer service representative is available. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based BlackBull Markets trading account.

MT5 is a next-generation trading platform that was launched in 2010 by MetaQuotes. It is an advanced trading platform that is designed to offer seamless access to different financial markets. The platform is replete with helpful trading tools, including nine chart types, expert advisors, multiple timeframes, and more.


อีเมลของคุณจะไม่แสดงให้คนอื่นเห็น ช่องข้อมูลจำเป็นถูกทำเครื่องหมาย *

Previous post What is the difference between bookkeeping and accounting?
Next post Contribution Margin CM Formula + Calculator