Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. BlackBull (previously BlackBull Markets) is the trading name of BlackBull Group Limited, a New Zealand-incorporated LLC. The only regulatory agency monitoring BBG Limited is the Financial Services Authority (FSA) in Seychelles. The firm is not regulated by the FMA in New Zealand or the FCA in the UK, so clients are not protected if the broker fails. As a consolation, BlackBull is registered with the Financial Services Provider Registry (FSPR) and is a member of the FSCL dispute resolution scheme in New Zealand. Please be aware that during the withdrawal process, if you use Credit Card, Skrill, FasaPay, Neteller, or union pay, you can only withdraw via the same method you used to deposit the money initially.

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. As with other currency brokers, BlackBull Markets charges swap — an overnight or rollover interest (that is earned or paid) for holding positions overnight in foreign exchange trading. I was delighted to discover that BlackBull offers a wide range of educational resources, including market analysis, trading guides, and tutorials, to help traders improve their knowledge and skills.

BlackBull Markets won the highly coveted Deloitte Fast 50 award, among several other awards owing to their premium trading tools and innovative solutions in Fintech. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. I found limited bonus rewards and promotions for new and existing BlackBull Markets customers. This is unusual, as promotions are often available at offshore forex brokers. I have been very impressed with BlackBull’s selection of trading platforms, which includes the industry-leading MetaTrader platforms as well as the excellent TradingView software and a bespoke solution. BlackBull Markets uses the STP and ECN execution models with no dealing desk intervention.

BlackBull Markets’ standard account average spreads, such as 1.10 pips for EUR/USD, are competitive and close to the xcritical cheating industry norm, with only a 0.1 pip difference from the leading brokers. Their spreads across other major currency pairs like AUD/USD, GBP/USD, and USD/JPY also align with industry averages, offering traders fair and consistent trading costs without commission fees. In conclusion, Blackbull Markets is a reputable trading broker that offers a range of features and benefits suitable for both beginner and experienced traders. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The ECN Prime account offers attractive conditions for seasoned forex traders, with spreads from 0.1 pips and a $6 commission per lot.

Commissions

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. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 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.

Instruments

MetaTrader 4 (MT4) is the platform primarily used in the forex market, so many traders should feel comfortable getting to grips with it. BlackBull Markets offers a variety of account types to suit the needs of different traders. Each account type comes with its own set of features and benefits, tailored to the specific needs of traders with varying levels of experience and trading preferences. SwipeStox is an online social trading platform that creates a community where traders can discuss everything trading-related to help improve their knowledge and skills. The SwipeStox has a copy trading functionality, allowing traders to copy signals from fellow traders for a fee or provide their own signals. Traders can sign up for the SwipeStox and link their trading account to their SwipeStox account — all for free.

FIX API Trading

The broker offers competitive pricing environments and does not charge a brokerage fee for certain services that other brokers may charge for. Regarding deposit fees, BlackBull Markets does not charge anything, making it cost-effective for you to fund your account. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. My analysis shows that BlackBull Markets is best for experienced forex traders looking for true ECN execution with tight spreads, low commissions and fast execution speeds. BlackBull Markets supports different deposit methods to enable traders to fund their accounts with ease.

Company Information

• BlackBull (formerly BlackBull Markets) is a brokerage firm based in New Zealand with several offices across the globe.
• Today, the company provides online trading services in over 180 countries, with a HQ presence in Auckland, New Zealand, as well as local offices elsewhere.
• The broker has been providing financial services since 2014 and adheres to safeguarding measures like negative balance protection and segregated client accounts.
• That said, BlackBull still has room to further improve against the competition.
• The mobile app is best suited for traders who wish to place trades and open trading positions on their mobile devices while on the move as long as they are connected to the internet.

BlackBull Markets is a Forex broker that gives you a wide range of instruments to trade besides Forex. With over 26k tradable assets, you won’t have a hard time finding an instrument that https://dreamlinetrading.com/ matches your trading style. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. With that said, it isn’t overseen by tier-one regulators, reducing its trust score to a degree. This is another feature geared towards advanced traders, who can use it to connect directly to the broker’s bridge provider through FIX coding. BlackBull CopyTrader is a low-latency copy trading service that enables users to follow and copy the strategies of any listed signal providers using an MT4 or MT5 broker.

tradeguru77

On multiple occasions, I have quickly been able to get answers to queries which saved me from having to contact an agent. That said, a refer-a-friend scheme was live, offering up to $250 for both the referred client and the referee. As with all promotions, eligibility requirements apply, including an initial deposit of $500 and at least five FX lots to be traded by the referred client. Still, I find the interface easy to use, and it provides detailed performance statistics of experienced traders, including investors’ equity, server, and total profits. I am a big fan of both platforms, but rate ZuluTrade slightly better than Myfxbook, simply given the larger pool of professional traders and unique risk management tools.

The demo account options include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, BlackBull CopyTrader, and BlackBull Shares. Blackbull Markets is an outstanding choice for expert traders with the fastest execution speeds of all forex brokers tested. They have the lowest commission rate of any broker with their ECN Institutional but this requires a US $20,000 deposit. Even their ECN prime account requires a high deposit of US $2,000 which is why this broker is less suitable for beginners.

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. The platform is built with strong security features to ensure the safety of your transactions and data. It provides educational resources, low minimum deposits, and demo accounts, which are helpful for new traders. Blackbull Markets has some of the most competitive fees for their ECN accounts but these require a high deposit compared to other brokers. They are one of the lowest spread forex brokers but not suitable for low volume of beginner traders.

I am relatively satisfied with this forex broker’s regulatory credentials, although it is not authorized by tier-one regulators. To ensure that it does not use clients’ funds to run its operations, the broker keeps clients’ funds securely in segregated accounts with xcritical ANZ Bank in New Zealand. 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.

BlackBull Markets charges a $5 per withdrawal, while there are no fees for deposits and inactivity. Use the calculator below to compare BlackBull Markets’ ECN Prime Account trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency. Verification can help ensure real people are writing the reviews you read on Trustpilot. We were founded in 2014 with the goal of becoming the leading online Financial Technology and Foreign Exchange Broker.

BlackBull Markets Mobile Share Trading Platform

Although this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administration fee on trading positions. Additionally, while deposit fees are waived, withdrawal charges are an irritation and may detract from its cost-effectiveness compared to brokers offering free withdrawals. Demo accounts provide a risk-free environment for traders to hone their skills and test strategies on different platforms offered by BlackBull Markets.

BlackBull Markets is a true ECN, No Dealing Desk brokerage specialising in Forex, CFDs, Commodities, and Fintech solutions for traders globally. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand. The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014. The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA). 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.

In 2018 and 2019 Deloitte placed BlackBull on its Technology Fast 500 list in recognition of its commitment to using the latest technology to improve the client experience. BlackBull Markets does not accept cash payments or payments from third parties, and the depositor must always be the person who signed up. Like many other retail trading firms, the company brand has expanded recently.