For beginners, the demo account is invaluable for backtesting strategies, getting acquainted with trading platforms and building the confidence necessary for live trading. It is an active member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. FSCL aims to provide a cost-effective alternative to legal action for resolving disputes in the financial services industry. The broker stores client funds in segregated accounts at ANZ Bank, one of the most reputable financial institutions in New Zealand. This ensures that traders’ funds are readily accessible at all times and remain unaffected if the broker fails.
Removed all profits after 2 years trading
BlackBull Markets offers multiple platforms, including the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps. Overall Blackbull Markets review shows they are a good choice for xcritical reviews New Zealanders wanting a forex broker that offers FMA regulation and has ECN trading with low spreads. Something that doesn’t appear readily available from brokers with a derivatives trading licence from the FMA. This combination of educational content and practical trading tools makes BlackBull Markets a strong broker for both lxcriticalg and trading in various financial markets. BlackBull Markets trading fees are competitive, though these costs vary by account type and instrument.
The program offers incentivized bonuses and payments of up to $250 for any client who signs up on the platform, deposits funds and starts trading through your affiliate link. Like all referrals, BlackBull Markets designed its affiliate program to meet innovative marketing needs. For instance, it offers affiliate partners personal support and tools for tracking their affiliate business growth. Additionally, partners benefit from the guidance of a Personal Affiliate Manager with years of industry experience. It is ideal for expert multi-asset traders seeking a more powerful trading technology.
Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. BlackBull offers a vast selection of markets, with 72 forex pairs and over 26,000 tradeable symbols, making it highly recommended for traders seeking a broad array of investment opportunities. Comprehensive information on specific support resources, such as account, platform and market support, can be found in the support dropdown tab at the lower part of the menu. BlackBull Markets provides round-the-clock customer support through Live Chat, email or telephone. The broker did well in providing phone numbers for a few jurisdictions where it operates, including New Zealand, Cyprus, Mexico and Argentina.
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BlackBull Markets offers four robust trading technologies alongside two in-house platforms. Having multiple platforms means you can choose the option that suits your trading style, preferences, goals and risk management strategy. The available choices include the globally recognized MetaTrader suites — MT4/MT5, cTrader and the TradingView platform renowned for its charting capability.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. The one thing I could not find, which left me disappointed, was a reference to negative balance protection. It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker.
Reviews from actual traders
Please note, some markets may only be available via CFDs or other derivatives. With no commissions applicable and low spreads, it’s easy to get started. Black Bull Group Limited is incorporated and registered in New Zealand, regulated by the local Financial Markets Authority (FMA).
BlackBull’s highly efficient support team and dedicated account manager ensure immediate assistance whenever necessary. BlackBull Markets delivers a comprehensive trading experience that meets the needs of every trader and is therefore highly recommended by Benzinga. BlackBull Markets is well-respected and trusted by thousands of traders globally because of its excellent trading conditions, robust security measures and regulatory oversight. The broker is licensed and regulated by the New Zealand FMA and the Seychelles FSA.
We meticulously measure spreads and commissions through various methods, including the analysis of average monthly spreads published by brokers and actual testing via MT4 indicator bots. Blackbull Markets is one of the fastest-growing forex brokers attracting professional traders and those using automation. We found their popularity can be attributed to their technology stack from advanced trading platforms to the fastest execution speeds of any broker worldwide.
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. BlackBull’s FIX API facilitates ECN integration and direct market access (DMA) by directly connecting institutional traders to BlackBull Markets’ bridge provider.
- All they said was that my trading account “appears to exploit specific market conditions”.
- Their extensive features and functionalities establish them as the ideal online platform for CFD and forex trading.
- The levels of support and protection may vary depending on the entity.
- Like all referrals, BlackBull Markets designed its affiliate program to meet innovative marketing needs.
- Its simplicity, transparency, flexibility and efficiency make it the ideal copy trading tool for beginners and experienced traders committed to excelling in the market without hassles.
BlackBull Markets’s standout feature is its ultra-fast order execution, a critical advantage for many traders wanting to avoid slippage. In our 2024 tests, BlackBull Markets demonstrated the fastest execution speeds among all brokers we evaluated. Other features we like are their competitive spreads for ECN trading (from 0.1 pips) with the ECN Prime account and a surprisingly large range of trading platforms and copy trading tools. While there is a small withdrawal fee and a high minimum deposit requirement for an ECN Prime account, overall, Black Bull Markets is an impressive Forex broker with which to trade.
Can I trust BlackBull Markets?
BlackBull Markets has solidified its reputation as a trusted and reliable broker. CFD trading lets you profit from rising and falling markets by entering into contracts with a broker to exchange the difference in an asset’s value between the opening and closing of the trade. BlackBull allows traders to scammed by xcritical deposit any amount they wish following the initial minimum deposit. Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry. I found some of the additional questions unnecessary, as traders can fill them out as they wish, and there is no verification of the answers. 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.
BlackBull Markets’ standard account average spreads, such as 1.20 pips for EUR/USD, are competitive and close to the industry norm, with only a 0.1 pip difference from the leading brokers. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. I like the trading experience at BlackBull Markets due to its competitive cost structure and excellent trade execution. BlackBull Markets also supports API trading and offers VPS hosting, making it ideal for advanced algorithmic trading.
I like that BlackBull Markets offers the FIX API, allowing algorithmic traders to connect advanced trading solutions. Free VPS hosting from NYC Servers or BeeksFX is available for ECN Prime accounts with trading volume above 20 lots, which is an offer I find reasonable. BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade plus newcomer HokoCloud. BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders. BlackBull Markets offers trading platform demo accounts to allow traders to practice and familiarise themselves with the platforms before trading with real funds. The demo account options include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, BlackBull CopyTrader, and BlackBull Shares.