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18-06-2021 | Brokers

Blackbull Markets Review 2021 – Is it a good broker?

Formed in 2014, Black Bull Group Limited is regulated by the Financial Markets Administration of New Zealand and the Seychelles Financial Services Authority (FSA). To open a live account with this broker, click here.

The brokerage has its flagship office in Auckland, NZ and an assistance bureau in Kuala Lumpur, Malaysia.

The firm brings together ten years of expertise in the field of FX services. The broker is a genuine ECN, no dealer's desk courier that provides retail customers with institutional fintech services.

Their main goal is to provide retail customers "institutional resources." They have tried to have a worldwide footprint outside New Zealand and have lately opened subsidiaries in Malaysia and New York, USA.

Blackbull Markets serves its customers with trading services in 27 various Forex currency pairs and forex crosses, comprising many minors, valued in U.S. dollars for commodities gold and silver, US crude oil and gas, and 6 main national stock market equity indices.

Looking for the top 10 forex trading platforms to start trading? We have got you covered.


Is BlackBull Market Secure?

BlackBull Markets is regulated at a reasonable degree He is situated in Auckland, New Zealand, and is regulated under FSP403327 and a participant of the dispute resolution scheme of the Financial Services Complaints Limited (FSCL) at the New Zealand Financial Services Providers Registry (FSPR).

BlackBull Markets publishes on anti-money laundering and counter-funding extremism issues to the New Zealand Financial Markets Authority (FMA). Managed and operated by Black Bull Group Limited is BlackBull Markets. Black Bull Group Limited, which is registered under license number 5463921, is based in New Zealand.

BlackBull Markets keeps customer assets in a secured account at the Tier 1 (formerly the ANZ bank) bank, offering retirement and deposit options on the same day.

BlackBull Markets may not provide negative balance safeguard, which means that potentially, leveraged traders might be legally responsible for lost beyond their whole deposits. To open a live account with this broker, click here.

Asset Investments :

BlackBull Markets only has 44 assets to choose from, representing a limited assortment and beneath the norm in the sector. The preceding table highlights BlackBull Markets' numerous investment packages.

Commissions :

The costs of trading in BlackBull Markets are dependent on the kind of account selected.

Spreads: - The actual average spreads are 0.76 for the six month end of 31 August 2020 after factoring the round-trip charge of 0.6 pips per deal on the ECN Prime account. The ECN Prime account becomes an outstanding alternative than the Standard account at this price.

Account Comparison: - The Standard account is exempt of charge and demands simply a deposit of $200. At minimum $2,000 is required on the ECN Prime account and while the spreads are cheaper, the fee each side is $3 or $6 round per lot. 

Finally, BlackBull Markets provides its ECN Institutional account for active traders that deposit at least $20,000. You have to arrange the commission rates on an individual basis with the broker.


Platform and Tools :

BlackBull Markets, as a MetaTrader 4 (MT4) broker, delivers the renowned trading platform on computer and web.

There is nothing to say about the MT4 product of the broker outside of the Virtual Private Server (VPS) hosting accessible through third party suppliers, with a restricted number of markets and no interface add-ons.

VPS Hosting: - Free VPS customers are required to invest at least $2,000 in the ECN Prime account and to file at least 20 standard batches or 2,000,000 trading units per month.

Social Copy Trading: - In contrast to the native signals market accessible in MT4, BlackBull Markets provides many third-party social copy trading applications. ZuluTrade, MyFxbook, SwipeStox (Naga mobile app) and PsyQuation are authorized copy trading platforms.

Education :

Like research, BlackBull Markets offers educational resources a long way from being ready, particularly in comparison with the best forex brokers for beginners. There is an education area in several categories such as "Learn To Trade" on the BlackBull market site. However, most of the supplies are lacking.

The trading videos area has just half a dozen videos, and instead of forex trade principles, they focus on platform lessons. That stated, BlackBull Markets has produced on their YouTube channel a set of different instructive films that I considered to be of a good quality.

Account Type :

ECN Standard: - A minimum deposit of $200 is required and is available on the Equinix NY4 servers. Spreads begin at 0.8 pips and the account is free of charge.

ECN Prime: - A minimum deposit of $2000 is required for the prime account and will be operated on the Equinix NY4/LD4/TY3 servers. The spreads begin at 0.1 pips and the $3 commission is competitive.

ECN Institutional: - A minimum $20,000 deposit and customizable servers are required for the institutional account. Spreads only start with 0.0 pips and commissions can be negotiated. The bigger your volume of trade the better you can obtain a commission bargain.

Because brokerage charges may vary and differ, additional charges may be not included in this evaluation of BlackBull Markets. Before opening a BlackBull Markets broker account for online trading, you must examine and comprehend the latest updates.

Customer Support :

Online chat, phone and email assistance is accessible to clients worldwide 24/6. BlackBull Markets target an optimum response time of 24 hours. They may give help and respond to general and technical issues at worldwide offices in every major market. Customers also have personal account managers who are there to help them if necessary.

Final Words :

BlackBull markets are rapidly developing and receiving several accolades. Exceptional situations with narrow spreads, rapid performance speeds and competitive charges have been given considerable attention.

BlackBull Markets serve all clients, irrespective of expertise or investment amount, with professional level of care. They continuously advance and enhance their service to their customers.

Platforms and technologies in BlackBull Marketplaces are one of the best in the league and are available to ensure that customers maintain and develop their competitive advantage in global markets.

Compare your best forex broker review and choose the right one to invest. To open a live account with this broker, click here.

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