BlackBull Markets Review – Why You Should Consider Signing Up With This Broker

BlackBull Markets Review
  • Broker Rating
4.3

Summary

Read our BlackBull Markets review and learn why we recommend this broker for online trading. BlackBull Markets is a great trading platform that offers features and services that suit traders from different backgrounds.

BlackBull Markets Review

BlackBull Markets logoBlackBull Markets is a forex and CFD broker. Trading Forex and CFDs is the specialty of BlackBull Markets, a New Zealand-based broker that offers institutional-grade conditions. This BlackBull Markets review has covered the main aspects you should consider when choosing an online broker.

BlackBull Markets website

Trading Platforms

BlackBull Markets offers no proprietary trading platform. At present, clients have a choice between MetaTrader 4 and MetaTrader 5. The MetaTrader trading platform will suit most traders’ needs unless they need more advanced features or niche services.

  • (MT4) and (MT5)

More brokers offer the platform, and more traders use it than any other trading platform. Therefore, you can easily change brokers that also provide MT4 without losing valuable data, sharing, learning, and using products offered by the sizable MT4 trading communities.

The successor to MT4 or MT5 and has been around since 2010, although MT4 remains the most popular. Among them are:

  • The analysis tools in MT5 are more extensive than those in MT4
  • The processing speed of MT5 is faster
  • The exchange-traded CFDs that you can trade with MT5 are shares

As MT4 becomes outdated, more people will use MT5, becoming obsolete.

You will have access to automation, such as Expert Advisors, MAM, and PaMM accounts, no matter which trading platform you select. MetaTrader is available on desktops, web browsers, Android and iOS devices. On a 32 bit Mac, MetaTrader 4 desktop will work, but specific versions after Catalina may require additional communication software.

BlackBull Markets trading platform

BlackBull Markets Accounts

Aside from the ECN Standard and ECN Prime accounts, BlackBull Markets also offers Islamic accounts and Active Trader accounts. Each account requires only one lot.

  • Standard

The Standard account features 0.8 pip spreads and requires a minimum deposit of $200. Commission-free trading is also available for the Standard account.

  • Prime

The Prime account spreads are more competitive and start from 0.1 pips. Deposits begin at $2,000, and a round-turn commission of $6 is charged.

  • Institutional

With an Institutional account, you can start trading with spreads starting at 0.0 pips after making a minimum deposit of $20,000. Institutional accounts receive a complimentary VPS with MAM/PAMM access, commission structures, and 24/6 support.

Regulation and Security

You will minimize the risk of fraud and malpractice if you trade with a regulated broker. The best way to ensure that a trader complies with regulation is to verify the license provided with the regulator’s database by checking it. At Black Bull Markets, two subsidiaries are well regulated. Financial Market Authority of New Zealand (FMA) is the primary regulator of BlackBull Markets.

Deposit & Withdrawal

For deposits and withdrawals, multiple options are available. Using Skrill, Neteller, or Union Pay, you can transfer money via bank account, major credit card, or local bank account. Typically, payouts are made within 24 hours.

Bonuses and Promotions

Despite not offering bonuses, BlackBull Markets offers monetary incentives to qualifying traders, including lower commissions or VPS hosting for free, through its Active Trader Account. I do not consider the absence of incentives for new retail traders to be a negative factor, feeling the excellent trading infrastructure and competitive trading costs.

Customer Support

I find live chat the most convenient form of contact with customer support 24/5. You can also find nine email addresses, one of which offers support in Chinese, as well as a phone number, including a toll-free number for New Zealand. The FAQ section of BlackBull Markets provides answers to some questions and details about the company’s products. Due to this, most traders won’t need assistance unless they face an emergency, and an agent can be contacted in such a case.

Conclusion

BlackBull Markets offers a wide variety of products and services to traders worldwide. Aside from its regulated environment, the broker also provides advanced capabilities and competitive conditions in the market, making it one of the brokers with high leverage ratios. BlackBull Markets is a broker worth considering if you are interested in different trading styles, including technology, platforms, and programs.