BlackBull Markets Review – Trading Platforms, Commission, Leverage, Account Types & moreLast Updated Date: Apr 29, 2022
BlackBull Markets are mainly based in New Zealand, and it offers more than 300 tradeable investment avenues on various platforms.
The broker holds at least nine years of experience in the forex market. Ideally, the traders rely on the broker to buy and sell foreign currencies.
About BlackBull Markets & Accepted Countries
|Founder / CEO||Patrick Latchford|
Back in 2014, the broker started trading. Additionally, it has a team of experienced traders from various backgrounds, including forex and fintech development and data security.
Thus, even though the broker is a new entrant in the market, it has gained rapid prominence.
The leading broker specializes in various investment avenues, including Commodities, Indices, Metals, Energies, and ForexForex.
The New Zealand-based broker also has offices in New York, Kuala Lumpur, Jakarta, and London.
The best of all is that BlackBull Markets are an existing electronic communication network (ECN) that doesn’t deal in desk brokerage.
As a result, premium trading is one of the most common reasons for the broker’s rapid growth.
For the global clientele, the broker specializes in Fibre Optic Communications and Fintech solutions.
In addition, it also offers a plethora of professional services to brokers, including personal account managers.
Traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar can trade here.
While traders from the United States cannot trade here.
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BlackBull Markets Trading Platforms
|Trading Platform||МТ4 iPhone, МТ4 Android, MetaTrader 4 (MT4)|
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||English, Spanish, Arabic, Hungarian, German|
The broker offers mainly two trading platforms, including MetaTrader4 and MetaTrader5.
Ideally, the MetaTrader 4 is undoubtedly one of the go-to options for a plethora of traders out there.
It is mainly because the platform offers instant execution and interactive charts besides direct trading.
Traders are also free to access various order types and analysis tools. MT4 is available for both MAC and Windows devices.
On the flip side, the MT5 for BlackBull Markets offers quick processing times and hedging capabilities.
It also provides advanced pending orders and a vast range of indicators and tools.
The traders can access the platform from the official site, but it is mandatory to have an account to start trading.
BlackBull Markets Mobile App
Traders cannot imagine trading without mobile apps these days, thanks to the stunning technological developments.
The BlackBulls Markets mobile app allows traders to monitor and keep track of the market from wherever they wish to.
Additionally, traders can stay updated with the market. There is also a plethora of technical analysis and charting tools available here.
The best of all is that the app is available for both ios and android devices.
Furthermore, the app is quite functional and offers a full set of various features and a complete trade history. Traders can also avail themselves of automated trading functionality.
Check out Mobile Apps of more Forex Brokers
BlackBull Markets Commission or Brokerage or Fees
|Commission on trades||Yes|
The commission or brokerage for the BlackBull Markets mainly depends on the trading account traders choose.
Additionally, traders can choose BlackBull Market’s commission-free account, where the commission is a part of spreads.
On the flip side, the traders can also choose a fund with tighter spaces or the one with a minimum commission.
If traders choose the ECN account, there is no commission as such.
While for the ECN, prime account commission is $3 per lot, and institutional account commission tends to be negotiated.
BlackBull Markets Exposure or Leverage
Overall, the trader can earn leverage of 1:400 for the broker.
But the influence mainly depends on the account’s equity.
For equity 0 to 50000, leverage available is 1:500. At the same time, the leverage is available at 1:1200.
Lastly, for equity 50001 to 100000, leverage available is 1:1000.
Trading with leverage allows traders to open one position, which is greater than they can ever do.
Besides enhancing one’s earning potential, the leverage can also increase one’s risk potential. Hence traders need to understand leverage before trading over-leveraged positions.
Payment Methods provided by BlackBull Markets
|Deposit||Payment cards, Bank Transfer, Skrill, Neteller, Bitcoin|
|Withdraw||Payment cards, Bank Transfer, Skrill, Neteller, Bitcoin|
The broker accepts payment in at least nine currencies, including USD, EUR, GBP, AUD, etc.
The standard payment methods include Payment cards, Bank Transfer, Skrill, Neteller, Bitcoin. There are no fees for depositing money.
However, the withdrawals can take at least one to three days.
Above all, the broker earns only through spreads and BlackBull Markets commission which traders need to pay while opening an account.
Find out Payment Methods provided by other Forex Brokers
|Windsor Brokers||FXPrimus||City Index||Plus500|
|XTB||Blueberry Markets||HotForex||Naga Broker|
Investment in Asset Classes or Markets by BlackBull Markets
|Supported Cryptocoins||BTC, ETH, LTC, DSH, NEO, XMR, ZEC, EDO, EOS, ETP, IOT, OMG, SAN, XRP, TRX, QTM|
|Total Tradable Assets||50+|
|Number Of Currency Pairs||10+|
|Number Of Cryptocurrencies||10+|
|Number Of Stocks||NA|
|Number Of Indices||NA|
|Number Of Commodities||NA|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
The best part about trading here is that traders can avail themselves of at most minuscule 300 assets, including forex pairs, commodities, indices, and precious metals.
Additionally, traders can invest in cryptocurrencies like BTC, ETH, LTC, DSH, NEO, MXR, ZEC, EDO, EOS, ETP, IoT, OMG, SAN, XRP, TRX, TQM.
The traders can choose any asset as per their budget type and needs.
BlackBull Markets Virtual Trading or Demo Account
|Virtual Money||USD 10000|
As per BlackBull Markets review, the broker offers a 30-day demo account with $100000 funds.
The traders can choose between standard or prime versions, and they are free to set leverage levels.
The demo account plays a crucial role for beginner traders as they can learn a lot about trading here.
They can get trading experience here as demo accounts work similarly to the real trading account.
It is vital to feature as traders can implement their trading strategies here.
The traders can get a chance to trade without any risk or incurring any losses.
BlackBull Markets Offers or Deals
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||No|
|Flexible Brokerage Plans||No|
|Forex Trading Contest||Yes|
|Trading Bonuses & Rewards||Yes|
As per the BlackBull Markets review, there are no bonuses, but there are several offers available like educational services and trading signals.
Traders can know more about the market offers or deals while opening a trading account here.
BlackBull Markets Regulation or Licensing
The broker is established and registered in New Zealand.
The broker is registered under Financial Services Provider Registry (FSPR), featuring license number FSP403326.
Besides this, the broker is likely to be a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme.
The broker uses ANZ bank, one of the leading Australasian banks, which assures security to the broker.
Find out Regulations & Licensing of more Forex Brokers
BlackBull Markets Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
Both beginners and professional traders can access a plethora of features on the BlackBull Markets app.
The features include educational features, MT4 videos, trading glossary, and forex analysis guides.
Additionally, traders can keep an eye on the forex market and events thanks to the economic calendar feature available out there.
The broker also provides VPS features to the traders, which makes trading easy for them.
BlackBull Markets Account Types
Take a look at the types of accounts that the company is offering:
There are mainly three accounts available for the BlackBull Markets app.
The accounts include ECN Standard, ECN Prime, and ECN Institutional.
For the standard version, the traders need to pay a spread of 0.08 pips besides a minimum deposit of $200.
The best of all is that the BlackBull Markets commission is not applicable here.
If traders choose the prime account, the spreads are pretty competitive here, starting from 0.1 pips.
The minimum deposit here is $20000. Lastly, for institutional history, the minimum amount is $20000. The traders can get customized platforms also here.
BlackBull Markets Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||NDD|
|Suitable for beginners||Yes|
|Suitable for professionals||No|
|Suitable for scalping||No|
|Suitable for daily trading||No|
|Suitable for Weekly trading||No|
|Suitable for swing trading||No|
BlackBull Markets – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team:
|Daily Market Commentary||No|
|News (Top-Tier Sources)||No|
|Company Stock Review||No|
|Free Stock Tips||Yes|
BlackBull Markets Benefits
There are many perks of dealing with BlackBull Markets, some of which include minimum commission, cross-platform trading, ZuluTrade, and trading academy.
Additionally, the traders can avail all of these perks, even for a demo account.
BlackBull Markets Cons or Drawbacks
No doubt, there are a plethora of pros here, but there are some areas where the BlackBull Markets can surely improve.
The broker needs to offer some options in shares and cryptocurrencies. There needs to be some negative balance protection also.
Additionally, US clients also need to be accepted to trade on the BlackBull Markets app.
BlackBull Markets Trading Hours
Traders need to know that the default server time here in MT4 is GMT+2 (GMT+3 DST).
Additionally, for ForexForex, the server times are likely to be 00:00 – 24:00 Monday to Friday.
Therefore, 01:00 – 24:00 Monday to Thursday and 01:00 – 23:00 on Friday are the trading hours for metals.
If traders wish to trade in crude oil, then trading sessions include 01:00 – 24:00.
The traders can head to the official site and learn more about the specific timings available.
BlackBull Markets Customer Care or Contact Details
|Support During Weekends||Yes|
|Live Chat Support||Yes|
|Customer Support Languages||Chinese, English, Spanish|
The broker offers fantastic customer support to the traders, so they don’t need to stress much.
Ideally, the traders can take up the live chat feature that is available 24/5.
The broker’s head office is at Level 22, 120 Albert Street, Auckland 1010, New Zealand.
Additionally, traders can contact the broker through email or telephone-like firstname.lastname@example.org or (+64) 9 558 5142.
Additionally, remote help is also present for the clients if they are facing any other issues.
The broker has representatives in almost all the markets so that traders can connect for any problem.
If the issue is pretty challenging, the traders can also avail a personal account manager.
BlackBull Markets Safety & Security
The traders can choose the broker without any doubt as all the payment information is encrypted well here through an SSL connection.
Additionally, all the trader’s transactions are managed through a secure portal.
BlackBull Markets Rating & Reviews
Based on different users and their experiences below are the company rating and reviews:
|User Experience||7.0 / 10|
|Products & Services||7.6 / 10|
|Brokerage Charges & Fees||7.1 / 10|
|Research & Advisory||7.2 / 10|
|Trading Platforms||7.1 / 10|
|Overall Ratings||7.2/ 10|
|Total Client Reviews||73|
BlackBull Markets Forex Trading – Conclusion or Verdict
Overall, investing one’s money with the broker is worth it as the platform is quite transparent.
If traders wish to trade here, they must read the review once to get more ideas about the broker and its workings.
The broker is well regulated, and it also offers a demo account for traders to practice.
There are at least 64 currency pairs available here and a lot more. Above all, spreads are not only low but also quite competitive here.
As a result, the traders can get excellent liquidity.
Even institutional traders can trade here. They aim to deliver the best possible trading experience to the traders.
BlackBull Markets Forex Trader FAQs
Here is the list of FAQs related to the BlackBull Markets Forex Trader:
Are BlackBull Markets Safe for Trading?
Yes, BlackBull Markets are indeed safe for trading.
It is mainly because the broker is well regulated and all the payment platforms are encrypted.
So the traders don’t need to think twice before choosing the broker.
What is the Commission for BlackBull Markets?
The commission applicable for the BlackBull Markets tends to vary from one account to another. The traders can choose the account type as per their budget and needs.
There are some spreads also applicable here so that traders can select the account accordingly.
How to Open a Trading Account with BlackBull Markets?
To open an account here, traders need to follow some steps.
The steps are mandatory for all traders. Then, they can head to the broker’s site and learn more about the account opening process.
Can I invest in Cryptocurrency with BlackBull Markets?
Yes, traders can surely invest in Cryptocurrencies if they choose BlackBull Markets.
The cryptocurrencies available here include BTC, ETH, LTC, DSH, NEO, MXR, ZEC, EDO, EOS, ETP, IoT, OMG, SAN, XRP, TRX, TQM.
Traders also have a choice to invest in crypto pairs and other avenues.
What leverage do BlackBull Markets provide?
The traders can expect 1:1400 as the overall average on the platform.
But the leverage tends to vary from one investment avenue to another.
For instance, the influence available for equity 0 to 50000 is 1:500, so traders need to check the leverage when investing here.
Do BlackBull Markets have a trading app?
Yes, BlackBull Markets has a trading app for both ios and android users.
The best part about the trading app is that it allows traders to stay updated with the market no matter where they are.
They can trade here whenever they want.
How to contact BlackBull Market’s customer care?
Traders can contact the BlackBull Markets customer care in no time through email or care. In addition, customer care is available in several languages.
Traders can also use the live chat feature here.
Are BlackBull Markets Regulated?
Yes, the Financial Services Provider Registry (FSPR) regulates the platform.
The platform is entirely secure so that traders can be stress-free here.
Are BlackBull Markets suitable for Beginners?
Yes, the BlackBull Markets is undoubtedly suitable for beginners.
Additionally, beginner traders can learn trade here through a demo account.
The virtual funds allow traders to trade risk-free.
Who founded BlackBull Markets?
Patrick Latchford is the founder of the BlackBull Markets in 2010.
The platform is available in several countries.
The traders can check the eligibility before choosing to trade here. Lastly, the broker offers various investment avenues.
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