BlackBull Markets Review 2023 Is It Legit or Scam ️
In my BlackBull Markets review, I look at the services BlackBull Markets offers, it’s pricing, customer service, tools, and features in order to determine whether it offers a good user experience. If you are looking for a reliable and trustworthy forex and CFD broker, look no further than BlackBull Markets. The award-winning broker is a New Zealand-based forex and CFD platform, offering a wide range of financial instruments to trade with. These include CFDs, currencies, commodities, equities, indices, and cryptocurrencies. 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. While BlackBull Markets does not offer bonuses, it maintains an Active Trader Account where it presents qualifying traders with monetary incentives like lower commissions or services like free VPS hosting.
Withdrawals above the deposit amount using payment processors are not possible. Three requirements any successful trader needs from an ECN/NDD trading environment are deep liquidity, institution-level pricing, and high leverage. BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this. It ensures high-speed trading and offers scalpers and other high-frequency traders the precision trading they require. It would be great if they could in the future offer a wider selection of assets to trade.
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. In my opinion, this is arguably a little high, but well within an acceptable range. High-volume traders may negotiate rebates with BlackBull Markets, and I appreciate the flexibility this broker provides in that department.
BlackBull Markets Education
The minimum deposit required to start trading is $1 but you can always try them on a demo account to begin with. I think they could improve further by adding some more individual stock instruments and support for cryptocurrencies. I also feel that traders would benefit limefx courses scam significantly from automated market analysis if they could integrate with Autochartist and Trading Central just like competitors including GO Markets do. Other than that, they are certainly one of the better brokers out there and worth strong consideration.
- This can save you plenty of time and stress waiting for the right opportunity to occur.
- This is definitely one of the most useful tools they provide but it’s only available in their share trading platform.
- BlackBull Markets was founded in the bustling financial hub of Auckland, New Zealand.
- The minimum deposit required to start trading is $1 but you can always try them on a demo account to begin with.
Blackbull offers a decent range of payment methods, deposits and withdrawals are free, and it is also possible to make deposits using cryptocurrencies. BBM offers a demo at absolutely no cost for new traders that want to test the water and play around before entering into live trades. Some experienced traders may also opt for a demo to test new trading strategies.
BlackBull Markets Account Types
They were founded in 2014, in the city of Auckland, New Zealand, by a group of individuals with a combined ten years of experience in the forex markets. Their sole aim was to build a company that provides top-notch institutional level resources to retail clients. Regarding research tools, Blackbull Markets features a Blackbull Research platform that exposes you to plenty of tools to help with your strategy development.
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However, there are withdrawal fees of £5 for credit/debit cards or electronic wallet transactions and £20 for international bank transfers. However, it’s essential to thoroughly assess a broker’s safety and reliability before depositing funds. In this review, we will provide you with an in-depth analysis of Blackbull Markets, covering key features, account types, trading platforms, customer support, and more. By the end of this review, you will have a comprehensive understanding of whether Blackbull Markets is the right broker for you.
cTrader Brokers
The founders of BlackBull Markets came together in 2014 with the aim of revolutionising the trading and investing retail space while providing clients with top-notch trading services. BlackBull allows traders to 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.
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How do I contact BlackBull Markets?
However, the platform feels outdated and some features are hard to find. For example, it took us some time to figure out how to add an asset to the watchlist. BlackBull Markets provides a swap-free / Islamic account that operates in full compliance with Sharia Law. Swap-free accounts are offered as a variant of Standard, Prime and Institutional Accounts. There is no account or deposit fee, however, withdrawal carries a price tag. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
Customer Service
The broker also maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy to ensure that the broker runs above-board and ethically across all business practices. The minimum deposit amount is dependent on the account type you are trading with — the minimum deposit amount on the Standard and Prime accounts are $1 and $2,000, respectively. At the same time, the institutional account requires a minimum deposit of $20,000. You could also consider Fusion Markets as they have a $1 minimum deposit requirement. In a bid to ensure that traders get the most out of their trades, the broker makes available the FIX API tool.
If you use credit/debit cards, Skrill, FasaPay, Neteller, or UnionPay, you can only withdraw up to the amount you have deposited via the same method. The BlackBull Markets account opening process is easy and fully digital. The online application takes roughly minutes and our account was approved https://limefx.name/ within one business day. In addition, there is a 5% fee if you deposit and withdraw without trading. However, the broker’s fees are not as low as the ones charged by its closest competitors. To read much more details about the broker’s services and features, expand on the sections below.
A great and efficient support staff underpins the outstanding reputation of the broker. According to the broker, its Web Trader delivers all the benefits of limefx broker reviews MT4, in a highly compatible no-download package. Traders looking to access MT5 need to talk with the BlackBull Markets support first and obtain permission.