Experience BlackBull Markets’ institutional trading conditions combined with cTrader. Simply click on the link below and log in with your BlackBull Markets MT4 or MT5 account to start trading with unrivalled ease. Traders can request withdrawals from the secure back office of BlackBull Markets in a straightforward process, usually completed within 24 hours except for bank wires.

1. BlackBull Markets charges competitive spreads, notably via its Prime Account, with spreads beginning at 0.1 pips on EUR/USD.
2. With the economic calendar, traders can know what moves the market and when the market moves.
3. Energy commodities are essential to modern economies and are affected by various factors, including significant geopolitical events.
4. Interestingly, these trading products are available on all of the broker’s trading platforms so no need to keep switching back and forth.

The broker offers all major currency pairs, as well as several other minor and exotic markets. Through its deep FX liquidity pools, the broker provides traders with institutional trading conditions. This brings some form of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet. The mobile apps are compatible with Android and iOS devices and can be downloaded from the respective app stores. The MT4 and MT5 Android apps require Android 5.0 or a later version, while the iOS apps require iOS 9.0 or a later version. While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors.

The broker does not charge any deposit fees, and it allows its clients to open accounts and deposit funds in multiple base currencies. ZuluTrade is an industry-leading, peer-to-peer, social trading platform that copies the trading strategies of expert traders. It allows traders to seamlessly replicate the trades of successful traders in their accounts. It features a database of traders from which you can choose the best for your individual goals and investing style. To be honest, if you are looking to go the copy trading route, then eToro would be my top choice as they the leading provider of social trading platforms. The MT4 is an award-winning platform that was launched in 2005 and has since grown to become one of the choicest trading platforms among forex brokers and traders alike.

BlackBull Markets has also added cryptocurrency CFDs, and the only asset class not offered is ETFs. BlackBull Markets is a true ECN broker that allows clients to buy and sell over 300 financial instruments across different asset classes, including equities, Forex, commodities, CFDs, and more. The broker provides traders with institutional-grade trading conditions and exceptional customer service and support. 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.

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.

Account Types

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. You could also consider Fusion Markets as they have a $1 minimum deposit requirement. Traders can use the MT4 WebTrader​ to trade from any device without needing to download additional software and it you will always get access to the latest version. While the broker does not charge withdrawal fees, transfer fees may be applied by the remitting bank(s) or payment system providers.

BlackBull Markets is a trading name of the BlackBull Markets Group, which is registered with the New Zealand Financial Services Provider Registry (FSPR). 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. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. Also, to ensure clients’ security and peace of mind, the broker keeps clients’ funds securely in segregated accounts within ANZ Bank in New Zealand. The broker’s trading academy is available as an “Education” section at the top of the broker’s website.

To withdraw money by bank wire, log in to BlackBull Markets’ secure client area and go to the “My Wallet” option. To access your BlackBull Markets account, go to the “My Wallet” section and choose your preferred e-wallet or payment option. You should be taken to the payment provider’s website to log in and confirm the transaction. If you get a margin call from BlackBull Markets, xcritical courses scam you must deposit more funds or liquidate positions to raise your margin level beyond the minimum threshold. The platform emphasizes the importance of margin as collateral for leveraged transactions and free margin as available funds for new positions. Keep an eye on their client agreement or contact BlackBull Markets assistance for accurate inactivity charge information.

I think they could improve further by adding some more individual stock instruments and support for cryptocurrencies. I also feel that traders would benefit 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.

About BlackBull Markets

You can conveniently do everything from analysing the charts to placing and managing your positions from all of your devices. Founded in 2014, BlackBull Markets is an award-winning true ECN brokerage firm that is based in Auckland, New Zealand, with offices across the globe. They are regulated in various jurisdictions and have an excellent range of trading products and services for both retail and institutional investors. The broker provides users in over 180 countries with secure access to a good selection of over 26,000 financial instruments across different asset classes, including equities, forex, commodities, crypto, shares, CFDs, and more. According to our independent database (xcritically tracking over 2,200 data points), the average forex broker offers 29 of the 37 products and features xcritically tracked for our offering of investments category. BlackBull Markets offers 29, which helped contribute to the broker ranking #6 out of 62 brokers overall in this category.

This is unlike most financial firms that would charge a certain amount on trading accounts after a prolonged period of inactivity. No commission fee is charged on the ECN Standard account; however, on the ECN Prime account, the broker charges a commission fee of $3.0 per lot per side ($6 per round trip). From the above, we can see that the average spread on the Standard Account is marked up by 0.46 pips to cover the costs of trading since no commission is charged on that account. InvestingBrokers.com is for informational purposes only and not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. This is impressive as many brokers charge exorbitant fees for maintaining inactive accounts.

How do I withdraw money from BlackBull Markets?

The minimum deposit for the ECN Prime account of $2,000 is a bit high but remains acceptable. Overall, the core trading environment is outstanding, and I rank BlackBull Markets as a leading choice for demanding equity traders, asset managers, and Forex traders. ZuluTrade is a world-leading, peer-to-peer, social trading platform that https://xcritical.solutions/ can be used to copy the trading strategies of thousands of registered, talented currency traders from 192 countries. You can trade with the social trading platforms or with the extensive MT4 and MT5 trading platforms. All the available trading platforms allow users to trade all the available financial assets with relative ease.

Can traders use MetaTrader platforms with BlackBull Markets?

BlackBull Markets answers some questions in its FAQ section and describes its products and services well. Therefore, I believe that most traders will not require assistance unless there is an emergency. In such a case, BlackBull Markets ensures a customer service representative is available.