I was pleased to see the addition of quizzes at the end of some of the courses, and adding progress tracking features could help BlackBull further improve its educational offering for retail traders. In addition, I found the “Learn to Trade” podcast series to be of good quality and well organized within dedicated playlists on the broker’s YouTube channel. Blackbull Markets is an excellent forex and CFD broker because of its comprehensive offerings. Its support service, operating 24/7, is backed up by a team of friendly professionals dedicated to offering you the assistance you need to maximize your experience.

Withdrawal Options and Fees

The broker offers its services to tens of thousands of traders from over 180 different countries. Withdrawals from BlackBull Markets vary by payment method, but are similar to most forex brokers I have evaluated. The firm processes withdrawals within 1 working day, though wire transfers can take up to 10 working days. I found that e-wallets are the fastest, offering near-immediate withdrawals.

Experienced traders can benefit from advanced market analytics, while beginners can learn from the wealth of articles, videos, platform tutorials, and in-house podcast. It covers technical analysis, fundamental analysis, trading psychology, and risk management. The broker has created a comprehensive trading guide and dozens of educational videos. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage.

When blackbull markets review we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. BlackBull Markets provides reliable 24/7 customer support via live chat, email, and phone. Help is available in several languages, including English, French, and Chinese. The agents are generally knowledgeable and respond to new queries quickly. CTrader’s mobile app retains the functionality of its desktop counterpart.

BlackBull Markets Main Features

You can sign up in just a few minutes, and once registered, you’ll have access to a range of marketing tools and a dedicated account manager. BlackBull Markets is considered a safe broker with an overall trust score of 45. The broker is regulated by the Financial Markets Authority (FMA) in New Zealand and holds an offshore license issued by the Seychelles Financial Services Authority (FSA). The share trading option is ideal for investing directly in companies and potentially benefiting from long-term value appreciation and dividends.

BlackBull Markets Minimum Deposit by Account Type

Using the CopyTrader platform enables users to leverage on the strategies and expertise of top performing traders. To copy trade, first log into your client area, click on CopyTrader, click on CopyTrader Platform, select a provider you wish to copy trades from and activate CopyTrade. A ranking list of providers whose trades can be copied is also provided by the broker on the platform.

To benefit from the affiliate program, existing clients must invite friends to register with the broker through their “Refer A Friend” page in the customer area, make deposits and trade. “Refer a friend” bonuses will be deposited directly into their trading accounts if their friend meets the trading and deposit requirements within 90 days. The Refer a friend program sees existing clients who refer new clients, get up to $250 in referral earnings once the new client funds and trades his/her account.

• Founded in 2014 in Auckland, New Zealand, Blackbull Markets is one of the best CFD brokers tailored to provide global traders with the best experience.
• BlackBull Markets provides a secure trading environment, prioritizing the protection of client funds through segregation and tier-1 banking partnerships.
• I share my knowledge with you for free to help you learn more about the crazy world of forex trading!
• Therefore, it is crucial to be confident in your strategy before applying leverage in your CFD trades.

BlackBull Markets offers a range of fee-free funding methods while requiring no minimum deposit to start trading. We used demo accounts across various top brokers for uniformity, focusing on both limit and market orders. The testing involved MT4 Expert Advisors specifically designed for these order types, which measured the time between order placement and execution. The average spread figures for BlackBull Markets are derived through a monthly comparison of published fee data and real-time testing on live accounts.

These tutorials are in 3 categories (beginner, intermediate and advanced) so that traders can learn at their exposure level and advance to acquiring more knowledge. In addition to fees like spreads, withdrawals fee, account maintenance and inactivity fee, every broker charges its clients certain fees for trading and non trading activities. In this section of the review, we will explore the BlackBull Markets fees and commissions clients are liable to incur while trading. BlackBull Markets is a New Zealand-based online brokerage offering trading services in Forex, indices, commodities, metals, and cryptocurrencies.

The broker has no minimum deposit requirement on its ECN Standard account, making it quite affordable. Furthermore, beginner traders can benefit from its extensive educational and research materials. BlackBull Markets offers competitive and transparent pricing across its account types, with tight spreads starting from 0.0 pips and commissions as low as US$4 per lot on the ECN Institutional account. At BlackBull Markets, you have access to an efficient customer support system available through various channels, such as email, phone, and live chat.

It holds a derivative issuer license issued by the Financial Markets Authority (FMA). This government agency is responsible for regulating financial markets in New Zealand. Taking into consideration the broker’s review on reddit, trustpilot and forexpeacearmy, the broker’s reviews are indeed positive.

ECN Account Spreads

These include the TradingView, MT4, MT5, MT4 MultiTerminal, WebTrader, and Blackbull shares. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. The ECN Prime account offers attractive conditions for seasoned forex traders, with spreads from 0.1 pips and a $6 commission per lot. My only criticism is that you need to stump up a $2,000 deposit, which is on the high side of forex brokers I review.

Trading fees on the Prime and Institutional accounts are more competitive, especially the latter, with its spreads from 0.0 pips and below-average commission of $4 per lot. The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000. I like the spreads available at BlackBull Markets, which confirm the existence of institution-level pricing for retail traders. A typical raw spread of only 0.1 pips during the London/New York overlap is very competitive and an excellent offer from BlackBull.

Desktop platforms

MT4 is available as a desktop application for Windows and Mac computers, a web version (WebTrader), and a mobile app for Android and iOS devices. The MT4 WebTrader allows clients to access their MetaTrader 4 account through any operating system (Windows, Linux, Mac). It offers all the benefits of the MT4 desktop trading platform, and it is compatible with modern web browsers like Google Chrome, Mozilla Firefox, and Safari. Traders can use the MT4 WebTrader​to trade from any device without the need to first download and install an application. BlackBull Markets provides traders with the MT4 trading platform, an advanced trading platform that was introduced in 2005 by MetaQuotes. MT4 has become one of the choicest trading platforms among forex and CFD traders.

Blackbull provides exceptional brokerage services with a user-friendly platform. Their market insights are detailed and reliable, making them a standout choice for both new and experienced traders alike. Blackbull offers a superb trading experience with a platform that’s both intuitive and efficient. Their market analysis is consistently insightful, helping me make informed trading decisions effortlessly. Their platform is easy to use, and their market analysis is very accurate.

• This combination of educational content and practical trading tools makes BlackBull Markets a strong broker for both learning and trading in various financial markets.
• Additionally, BlackBull holds a license from the Financial Services Authority (FSA) in Seychelles, offering regulatory coverage for global traders.
• His leadership and dedication bring you unparalleled insights and the best forex content available.
• The broker adheres to the strictest safety regulations, such as ensuring negative balance protection, and is overall fairly transparent and trustworthy.

BlackBull Markets presents clients with two well-regulated subsidiaries. Yes, Blackbull Markets is registered with the New Zealand Financial Services Provider Registry and is a member of the New Zealand Financial Services Complaints Limited. These regulatory affiliations ensure that the broker complies with industry standards and provides a safe trading environment.

Blackbull’s research team consistently delivers high-quality market reports. Their insights provide a deeper understanding of market trends and opportunities. They keep me informed of significant movements, allowing me to capitalize on trading opportunities. Great to hear that Backbull is keeping up with the markets to help with decision making. So great to hear Blackbull is providing all that you need to be able to trade with confidence.