BlackBull Markets is a trusted broker because it’s completely regulated and registered. The ‘Wait For Approval’ stage of the account opening process can, according to the email sent by BlackBull, take 1-3 working days. It’s reassuring that BlackBull takes its regulatory obligations as seriously as it does, but our testers did suggest any new users would do well to factor this regulatory review into their timeline. Cryptocurrencies are also traded through CFDs (which are financial derivatives). This means that BlackBull Markets does not sell actual cryptocurrencies, as CFDs only offer exposure to the price-variations of the underlying asset. Multiple order types are supported by the platform, as well as an impressive number of time frames.
We’ll show you further details about this content in the coming sections. All by each, BlackBull Markets seems like a secure Forex Broker from the first look. During testing, our team of researchers found the BlackBull Markets customer support team to be easily contactable, efficient and professional. All our questions were answered well within any timelines we would consider appropriate.
In short, Blackbull markets are a fully trusted and regulated forex trading broker, providing great conditions and segregated client funds, meaning your capital is safe. They are a NDD ECN broker, meaning they pass your trades straight through to the liquidity providers – not influencing the prices or creating a fake market. The broker is a true ECN, No Dealing Desk brokerage providing institutional-grade fintech services to retail clients. BlackBull Markets offers one commission-free account and two competitively priced commission-based alternatives. We have reviewed the three BlackBull Markets account types, so that you can pick the most suitable one for your circumstances.
BlackBull Markets Forex Broker Review
That makes it an ideal platform for both beginners and for those who have a lot of experience in forex trading. When you are new or start as a beginner at the black bull markets you do not have to worry about the account at first. Since the black bull markets tend to offer a demo account which is a very good initiative.
But if we talk about the main points then we can say that it is safe and secure. A lot of forex trading platforms claim to offer privacy and security but they often fail to do. However, here at black bull markets, you do not have to face such issues. Since the interface of this forex trading platform is very simple and easy to operate.
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How long does it take to withdraw money from BlackBull Markets?
BlackBull Markets can be used in three different platforms that users can choose from depending on which works best for them. Aside from being compatible with MT4 and MT5 programs, the broker can also be used through the WebTrader program. Here are the three BlackBull Markets compatible platforms in more detail. FIX is the code employed in the trading process to execute live orders at the exchange. FIX API allows institution users to skip the BlackBull MT4 application and connect directly to the ECN grid using the company’s FIX. Should you not want to go directly to your account manager, there is a 24/5 live chat which is extremely responsive, as well as multiple phone numbers and a support email address you can contact.
If you got questions about pricing or liquidity you can ask the broker directly. All by each, it shows us that BlackBull Markets gives the customer the stylish conditions for forex trading and the customer is trading without conflict of interest. The broker also supports segregated customer finances and accounts. While one reviewer reported an issue with a swap-free account, the company’s response in resolving the issue demonstrates its commitment to customer satisfaction. The fact that BlackBull Markets reached out to the reviewer and solved the problem is a testament to the company’s dedication to providing excellent customer service and support. BlackBull Markets’ execution speed is impressive, with the company claiming to execute trades in less than 200 milliseconds.
There are only a handful of negative posts, which are mostly focused on the difficulties experienced by some traders regarding the verification process and the paperwork they were required to submit. Blackbull Markets customers have access to more than 50 different currency pairs and Forex crosses. As well as gold and silver precious metals priced in US dollars, crude oil and natural gas and six major stock indexes. The chat is the fastest way to contact the broker, in our opinion.
- That said, BlackBull still has some room to grow in order to become more competitive.
- Traversing trade markets is a tall task that many individuals have found themselves attempting in the modern era.
- In the account verification step, users will need to upload a valid ID which can be a passport, national ID card, or driver’s license.
- As was clear from the customer reviews, BlackBull Markets’ level of customer service is exceptional, with a dedicated support team available 24/7 via live chat, phone, and email.
You will now see your new demo account card in the ‘DEMO’ tab after the pop-up has closed. The videos have depth and cover both fundamental and technical analysis topics in a comprehensive manner. We did not have any challenges during the withdrawal process, which was quite smooth. For this test, we opened an individual MT4 and MT5 Standard account with Black Bull Group Limited, regulated by the Financial Markets Authority (FMA) of New Zealand.
If you have opened an account anywhere on the internet before, you pretty much already know what to expect. BlackBull Markets provides market research via quality videos created by its in-house team of analysts. We executed all our trades via the MT4 and MT5 mobile apps on our iPhone. For this review, we opened an individual MT4 and MT5 Standard account with Black Bull Group Limited, regulated by New Zealand’s Financial Markets Authority (FMA). The broker is regulated by the New Zealand FMA, a tier 2 regulator with strict rules. The broker is also licensed by The Seychelles Financial Services Authority (FSA).
In this article, we will review BlackBull Markets’ features, services, and customer support to provide you with factual information about the company’s legitimacy and worthiness. XTB was founded in 2002 and is a great alternative for beginners and more advanced traders alike. The company is among the biggest and most trusted brokers in the industry, with designated support for every new client, competitive spreads, a fast and secure platform, and advanced analysis tools. They offer a bigger amount of tradable assets and have better withdrawal and deposit options.
Bank Transfers have a 20 base account currency fee, and Skill/Neteller both have a 5 base account currency fee. The large majority of Forex brokers do charge a small https://limefx.vip/ withdrawal fee and the fees charged by BlackBull are very competitive. BlackBull Markets offers various types of trading accounts for MT4 and MT5 platforms.
It allows them to hedge their positions on other markets like stocks since they are different asset classes. In BlackBull Markets, traders can open both spot and future commodity positions which let them trade current and future asset prices. For traders seeking a competitive edge, this broker provides a Prime Account. With a fee of US$6 per 100,000 of trades and spreads beginning at 0.1 pip, Prime Account is the perfect choice for traders who want the most value from their trades. As per our BlackBull Markets review, the BlackBull market does not charge any deposit fees.
As per our BlackBull Markets review, the platform offers great customer service through online chat, phone, and email. BlackBull Markets scored top in Customer Service because of their speedy and easy responses and the variety of languages supported. Compared with other limefx review forex brokers, BlackBull Markets stacks up against other brokers; traders can access customer support 24 hours a day through live chat. BlackBull Markets answers some questions in its FAQ section, where any queries for products and services are answered thoroughly.
BlackBull Markets offer access to 26,000+ instruments that can be traded in Equities, CFDs, FX, and Commodities on MetaTrader 4, MetaTrader 5, WebTrader, BlackBull shares, and TradingView. BlackBull Markets offers several trading tools and copy trading with third-party providers such as Zulutrade, MyFXbook, Autotrader, and many more. BlackBull Markets was founded in the financial capital of Auckland, New Zealand, in 2014. After its inception, BlackBull Markets’ founders were inspired to work in the equities retail market to provide customers with the most optimal experience.