Moreover, the absence of an FCA regulation indicates that UK-based clients are not covered under the Financial Services Compensation Scheme (FSCS) if the broker fails to meet its financial obligations. In addition to its regulatory framework, the broker has a registered entity in the United Kingdom, BlackBull Group UK. Local traders should note that the company does not hold a licence from the Financial Conduct Authority.
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- When trading BlackBull Markets forex currency pairs, your lot sizes start at 0.01 and can go up to 100.
- BlackBull Markets follows a strict privacy policy that safeguards client data and prohibits selling or sharing personal information without legal grounds.
- The broker’s head office is located at Level 20, 188 Quay St, Auckland 1010, New Zealand.
- These mobile apps provide full functionality including advanced charting, fast order execution, multiple order types, technical analysis tools, and seamless access to thousands of tradable instruments.
While you can trade forex, commodities, indices, cryptocurrencies, and futures, the selection in these categories is just average. BlackBull Markets makes depositing and withdrawing funds easy with options like credit card, wire transfer, e-wallets like Skrill and Neteller, and even cryptocurrency transactions. However, the broker lacks strict regulation from a top-tier regulatory authority, such as the FCA, CFTC, or ASIC. Nonetheless, the broker maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy to ensure that it abides by international best practices. While account creation may be fast (can be completed within a few minutes), it may take up to 24 hours to verify your trading account. When your account is verified, you will have to fund your account using any of the available payment methods before you can start trading.
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Each account tier is designed to match different levels of capital and trading style, so flexibility is built into the offering. Blackbull Markets is a reliable and well-established Forex and CFD broker, boasting a trust score of 90 out of 100. The broker provides blackbull markets review various accredited retail trading accounts, all with no minimum deposit requirement. It comprises lower-risk securities, such as ETFs and bonds, which can be used to reduce one’s market exposure, as well as higher-yield/risk assets like cryptocurrencies. Traders who wish to have access to BlackBull’s entire tradable instruments selection must go for its flagship BlackBull Invest platform.
BlackBull Markets No Deposit Bonus
One feature I appreciate is the detailed support FAQs, which answer most questions about BlackBull Markets’ platforms and accounts, often with helpful video walkthroughs. I’ve taken advantage of webinars, live trading sessions, and courses covering everything from forex and crypto to commodities and stocks. The margin calculator shows exactly how much you need for a trade based on currency, assets, lot sizes, and leverage. There are over 60 forex pairs, 11 commodities, 17 cryptocurrencies, and 31 futures, but competitors like IG, CMC Markets, and Eightcap offer much more.
- We provide access to diverse markets on all our accounts, offering superior trade execution, competitive costs, and a wide range of tradable products.
- BlackBull Markets is an innovative, multi-regulated broker trusted by tens of thousands globally.
- The platform stands out with its advanced analysis tools, customisable charts, third-party data feeds from 66+ providers, and 70+ order types.
- Client orders are routed to the broker’s pool of liquidity providers where they are filled at the best possible price.
The table below summarizes the different investment products available to BlackBull Markets clients. BlackBull Markets maintains its head office in 🇳🇿 New Zealand and supports clients globally through extensive digital and regional contact channels. From Auckland, their team provides 24/7 assistance via chat, email, phone, WhatsApp, and more, ensuring prompt support for all traders. BlackBull Markets’ 24/7 multi-channel support makes it easy for traders to get fast, reliable help.
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Below, we have provided tables with the Live Spreads offered on popular Forex pairs across all three BlackBull account types. Keep in mind that the broker displays only live spreads, which are constantly updated and may not correspond to the values provided below. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
Traders looking to gain exposure to investing in shares and benefit from shareholder rights and potential dividends can open a BlackBull Invest Account. Beginner traders may be interested in opening a Demo Account, allowing them to practise trading in a risk-free environment with virtual funds. Cryptocurrencies typically require $25, but the amount may vary depending on the network. The maximum deposit amounts are capped at $50,000 for most methods, with no upper limits set for SEPA transfers and bank transfers.
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The broker’s commitment to customer support, evidenced by 24/7 availability and comprehensive educational resources, further enhances the trading experience. However, it’s worth noting that Blackbull Markets lacks a proprietary trading platform and may have limited tools compared to some competitors. BlackBull’s fee structure is favorably structured for active traders, including discounts for high-volume trading.
It should be noted that BlackBull calculates swap rates based on interest rates provided by global top-tier banks and liquidity providers. Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. BlackBull Markets is a maturing broker that has been in operation for nearly a decade and has made great strides over the last two years toward improving its value proposition to traders and investors. That said, BlackBull still has room to further improve against the competition.
As a result, UK traders do not benefit from standard FCA protections, such as the Financial Services Compensation Scheme (FSCS). Black Bull Group Limited, operating under the trading name of BlackBull Markets, has its registered address at Level 20, 188 Quay St, Auckland 1010, New Zealand. BlackBull Markets offers multiple platforms, including the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps. BlackBull Markets does not charge withdrawal fees, but some payment providers might have their own terms.
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Setting up my account was quick and easy, with a seamless online form and fast verification. I appreciated how BlackBull Markets made the process simple with clear guidance and responsive support. More transparency about each entity’s protections would also help traders like me choose the best jurisdiction. “After upgrading its trading infrastructure with Equinix servers in New York, London, and Tokyo to reduce latency for traders, BlackBull is a top choice for trading stock CFDs with ECN pricing.” BlackBull Markets does not charge any internal fees for deposits or withdrawals. But, it is important to note that some payments to and from overseas banking institutions may incur intermediary transfer fees from either party independent of BlackBull Markets.
The broker allows traders to fund their trading accounts in multiple currencies. This is a powerful trading platform developed by Spotware Systems, designed to meet the needs of both beginner and professional traders. The cTrader platform at BlackBull Markets provides access to a broad range of markets, including forex, indices, commodities, and stock CFDs. Known for its user-friendly layout and fast trade execution, the platform supports precise order control and detailed market insights. The platform offers advanced charting and trading tools and more options for automated trading.
I tested the desktop version of the cTrader platform, which is among the most versatile and feature-rich platforms in the industry. CTrader offers multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These tools allow traders to analyze market developments from different perspectives and take advantage of various trading opportunities in multiple ways. Blackbull Markets offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their user-friendly interfaces, advanced charting tools, and extensive technical analysis capabilities. Traders can access these platforms on desktop computers, web browsers, and mobile devices.
With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. For most Forex currency pairs, the minimum spread is as low as 0, when you choose the ECN Institutional Account. This account charges commissions based on the lot size that you trade with a value of $4.00 per lot. Our team evaluates brokers across eight key areas, analyzing over 200 data points while offering firsthand insights into the trading experience.