Forex Trading Desembre 10, 2019

BlackBull Markets review: Is it a legit or scam forex broker?

In a finance or trading context, VPS hosting has additional benefits that suit experienced trading styles. If you want to learn more about trading like a pro, we recommend checking out further guides at TradersBest. Talking about BlackBull Markets regulation, the company is registered with the Financial Service Provider Registry of New Zealand. It is also a reputed member of the Financial Services Complaints Limited dispute resolution program. The main goals of FSPR include providing the company information, increasing transparency, and helping in meeting the CFT or AML obligations across the globe.

  • Our Ranked BlackBull Markets Trust Score is 8 out 0f 10 for good service along the years, reliable license from FMA in New Zealand.
  • BlackBull Markets is a true ECN broker, with no dealing desk, specialising in CFDs, FX and Commodities for a global clientele.
  • You can open a new trading account with a many clicks, do deposits and recessions, or get access to MAM accounts.

However, not all the BlackBull Markets withdrawal methods are equal. SwipeStox is a well-known social trading platform where traders from all across the world share their trading related knowledge with each other to make better trading decisions. Moreover, you can follow the effective and lucrative actions of your fellow traders to improve your own trading portfolio. This BlackBull Markets’ platform is linked to the NY4 Equinix server situated on Wall Street, which offers high-speed execution in just 2 to 4 milliseconds.

So far, the market index is up ~5.0% this year, following a 19% loss last year. But this rally might have paused for the time being, as the Federal Open Market Committee begins its 2-day meeting. After which, the Federal Reserve is expected to hike its interest rate by 25 basis… All information on 55brokers.com is only published for general information purposes.

Who Are BlackBull Markets?

This broker is also authorised and regulated by the Financial Services Authority in Seychelles (“FSA”) under license number SD045. As BlackBull are regulated by the FMA in New Zealand, they are not affected by ASIC’s recent leverage restrictions. This means you can continue to receive higher rates of leverage with BlackBull Markets. BlackBull Markets educational materials are divided into Trading Videos, Trading Guides, and a trading Glossary.

blackbull markets review

Like most brokers, they offer a free demo trading account for beginner traders, or experienced retail traders looking to test the trading environment before committing to the broker. If you are considering using BlackBull, I would blackbull markets review highly recommend creating yourself a demo account to check the execution speed, spreads and overall conditions that you have access to. Conditions do change from a demo to a live account though, so take that with a pinch of salt.

What about the minimum deposit?

The very same standards apply in the case of this BlackBull Markets broker review. Read this BlackBull Markets broker review before opening your account. Find out more with our AtoZ Markets Forex broker review https://forex-reviews.org/ of BlackBull Markets. If you have any issues figuring your way around the client area, the 24/5 chat support is always on hand to assist you, or contact your personal account manager if the issue persists.

blackbull markets review

Blackbullmarkets have a huge spread with institutional account and there is credit card charge nowadays. BlackBull offers some educational content for traders as well as in-house daily markets commentary. BlackBull Market is integrated with ZuluTrade and Myfxbook copy-trading platforms, recently TradingView web platform was connected as well. Cheers guys for outstanding relationship building and customer support. But more than anything they are very robust at keeping your assets safe when there are a number of potential issues doing business online. If you are looking to take advantage of their array of market instruments you will be impressed like I was.

Regulation and Deposit Insurance – Is BlackBull Markets safe?

Also, this broker works with top market data providers, which will benefit the traders enormously. The research tools are packed with advanced MetaTrader capabilities, analysis, technical concepts, and other capabilities, including Autochartist. BlackBull also provides educational materials that are suitable for traders of various levels. They have videos, education guides, and glossaries that provide high-quality information. To help with the ongoing trading process, BlackBull Markets runs its Blog featuring market overviews, analysis, and research material. BlackBull Market is a well-regulated broker that does not accept third-party payments.

Traders can choose 3 different trading platforms and they are all simply to use. For our BlackBull Markets review, we conducted a thorough analysis of their trading fees and determined they are rather low. There are no commissions on the standard account, but prime account holders will find variable commissions. For example, we saw a $3 commission per lot per trade on the major currency pair EUR/USD. BlackBull Markets is not a very old financial institution as compared to some of the other leading brokers.

It runs on Equinix NY4, TY3, or LD4 servers that offer high-speed operations. The commission fee with this account is $3 and spreads are as low as 0.1 pips. Further, you have the opportunity to customize the server according to your needs and preferences and minimize latency as high as 30%. These servers are the most suitable for expert traders who need a higher uptime of no less than 99.99% and use the trading platform 24/7. Although they offer the most reliable MT4 platform that offers a great collection of built-in tools, BlackBull Markets doesn’t offer other separate trading tools.

As per our in-depth BlackBull Markets review, we can say that it is suitable for beginners. This trading platform provides numerous education resources, including MT4 videos, forex analysis guides, and a glossary for trading compared to most brokers. BlackBull Markets offer customer support with topmost priority to its clients. The friendly, supportive and dedicated account managers provide 24/7 assistance in various languages through live chat, phone, and email. Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor.

Where is BlackBull Markets based?

If you’re looking for a simple and easy-to-use platform, then BlackBull Markets’ web-based trader is the right choice. BlackBull Markets’ proprietary web-based trader is user-friendly and comes with various features and tools. It’s a web-based platform that doesn’t require any installation. The company also provides mobile trading apps for Android and iOS devices. In addition, MT4 offers advanced trading features like Expert Advisors, custom indicators, and an extensive back-testing environment.

What are the trading fees on BlackBull markets?

Overview of BlackBull Markets fees and charges

ECN Prime account: $6.00 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours. ECN Prime account: $6.00 commission per lot per trade plus spread cost. 0.5 pips is the average spread cost during peak trading hours.

BlackBull has made it as comfortable as possible so traders will be supported and satisfied at any stage. Once your login details are sent through to your registered email address, you will be able to login to the back area of BlackBull markets. Some brokers have very overwhelming and complicated back ends, where it’s virtually impossible to workout how to do what you want to do on the account. You have access to everything you would need as a retail trader.

BlackBull Markets Bonuses and Promotions

Available instruments include forex pairs, commodities, indices, stocks, and cryptocurrencies. The broker offers a strong selection of commodities and indices, while the number of available stock CFDs is low. However, it should be noted that BlackBull has a separate share trading offering, which is beyond the scope of this review. Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders. The broker’s research support is limited to the economic calendar and market reviews.

Is BlackBull Markets legit?

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.

This selection of options is more than sufficient enough for mobile-based trading. Typically, the mobile app is used when the trader does not have access to the desktop platform but needs to monitor the market and open positions. While the app is helpful in certain circumstances, it cannot beat the speed of work that could be achieved using the desktop platform, which is the primary solution for active trading. The mobile app does not provide all the options offered by the desktop version, but it is sufficient enough to satisfy the needs of traders who must make their decisions on the go. The app is intuitive so traders should not have problems with it.

Additional Features – Extra bits but no BlackBull Markets crypto trading

MT4 is the best platform for you if you’re into technical trading. Spreads in trading are important because they can make a difference in your overall profit and loss. The spread is the difference between the buy price and sales price of an asset, and when you trade, you need to consider what the spread will be. For example, the spreads at BlackBull Markets are pretty attractive, starting at 0.0 pips on the Institutional account with a $6 commission per lot. On the Standard account, the spreads start at 0.8 pips with no commission; on the Prime account, the spreads start at 0.1 pips with a $6 commission per lot. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers.

They have a huge amount of different deposit and withdrawal options, the main ones include Paypal, wire transfer, debit/credit card, Skrill and Neteller. Among the instruments we have tested, BlackBull offers low spreads for GBP/JPY, Gold, and Dow Jones, while the spreads for Oil are high. BlackBull clients can choose from the ECN Standard, ECN Prime, and ECN Institutional accounts. Each of these accounts can be converted into a swap-free account. We have contacted BlackBull customer support several times, and their responses were timely and professional.

In addition, MetaTrader 5 comes with an improved strategy tester, advanced indicators, and enhanced charting tools. If you’re looking for a more advanced trading platform, then MT5 is the right choice. Regarding the forex pairs, BlackBull Markets offer a decent selection of major, minor, and exotic currency pairs. Some popular pairs are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and NZD/USD.

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