Whether this reflects the broker’s overall customer service or indicates a few dissatisfied customers is not entirely clear. Comprehensive information on specific support resources, such as account, platform and market support, can be found in the support dropdown tab at the lower part of the menu. BlackBull’s exceptional service and commitment to its trading community were core factors in the broker winning the Best in Class for Offering of Investments in ForexBrokers.com’s 2023 Annual Awards. However, BlackBull lacks its own proprietary platform tailored to entry-level traders, which might make the experience less intuitive for complete beginners.
BlackBull Markets Account Opening Process
The NY4 server allows traders to directly trade the markets with a vast array of liquidity providers supplying the best bid/ask prices available, with less slippage and tight spreads. BlackBull Markets provides their clients with the very popular MetaTrader 4 (MT4) trading platform. In addition to MT4, the broker also provides a FIX API option for clients who wish to bypass the MT4 application and trade with direct market access (DMA). BlackBull Markets won the highly coveted Deloitte Fast 50 award, among several other awards owing https://dreamlinetrading.com/ to their premium trading tools and innovative solutions in Fintech.
Customer Support
This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Investing.co.uk has been helping British traders find the right broker for over 20 years. MT4, MT5 and TradingView all come with web versions so you can trade through online browsers without needing to download software. That said, they do also come with desktop solutions so it is possible to download the platforms if you wish. BlackBull Markets will only contact its customers on numbers from New Zealand (country code is +64).
The broker provides two proprietary platforms—BlackBull Invest and BlackBull CopyTrade—and incorporates MT4, MT5, cTrader, TradingView, and ZuluTrade. Another standout feature of BlackBull Markets is its better-than-average crypto spreads. 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. BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade plus newcomer HokoCloud. BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders.
About the Editorial Team
Is also has an an offshore license issued by the Seychelles Financial Services Authority (FSA) for worldwide traders. BlackBull Markets achieves rapid order execution through globally distributed servers, including the NY4 Equinix data centre in New York and others in London, Japan, Hong Kong, and Shanghai. BlackBull Markets charges a $5 per withdrawal, while there are no fees for deposits and inactivity. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. We use dedicated people and clever technology to safeguard our platform.
The main trading platforms at BlackBull Markets to download (or use webtrader versions of) are MetaTrader 4, MetaTrader 5 and TradingView, a strong offering. BlackBull is a New Zealand-based CFD broker providing diverse trading opportunities on over 26,000 instruments. After undergoing a rebrand in 2023, it now sports a modern look and feel complete with professional-grade trading tools and ultra-fast execution speeds averaging 20ms. BlackBull Markets maintains an active presence on LinkedIn, X, Instagram, Telegram, WhatsApp, YouTube and Facebook. These platforms provide an alternative means of connecting with the team and its trading community and asking questions as needed.
Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. BlackBull Markets provides reliable 24/7 customer support via live chat, email, and phone. Help is available in several languages, including English, French, and Chinese.
- BlackBull Markets also supports API trading and offers VPS hosting, making it ideal for advanced algorithmic trading.
- I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided.
- BlackBull’s educational hub boasts libraries on forex, crypto, commodities and stocks neatly divided into Beginner, Intermediate and Advanced sections.
- Blackbull Markets has some of the most competitive fees for their ECN accounts but these require a high deposit compared to other brokers.
- You can set up a demo account for yourself prior to or alongside your live CFD account.
Compare Trading Instruments
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Having experienced BlackBull’s around-the-clock support firsthand, I can confidently say that customer service is top-notch. Agents are always professional, efficient, and patient when assisting with my inquiries. It’s also worth noting that supported platforms cTrader, MetaTrader, and TradingView also have excellent integrated economic calendars. However, withdrawal carries a $5 price tag, and you might get further hit by additional third-party fees from payment processors – specifically e-wallets and crypto exchanges.
How To Make A Deposit
MetaTrader and TradingView have adopted their own security measures and encryptions on their respective platforms. Fundamental analysis is supplemented by the provision of an economic calendar. BBG Limited, which trades as BlackBull Markets, is regulated by the Financial Services Authority (FSA) in Seychelles under license number SD045.
Skillful traders can make a profit when trading forex with BlackBull Markets. However, they will need an effective strategy and good risk management. The broker has been providing financial services since 2014 and adheres to safeguarding measures like negative balance protection and segregated client accounts. Other contact methods include live chat and email, though I particularly rate the online help, with FAQs split by platform, trading, and account. On multiple occasions, I have quickly been able to get answers to queries which saved me from having to contact an agent.
If you want a modern design with powerful charting, I would opt for TradingView. I find this an excellent option for technical analysis with over 100 indicators and 15 charting styles. BlackBull Market is a legit broker regulated in New Zealand, the UK, and Seychelles with an exceptional regulatory track record. Clicking on Live Account on the homepage of BlackBull Markets opens the four-step online application process. The primary regulator of BlackBull Markets is the New Zealand Financial Markets Authority (FMA).
Non-Trading Fees
Therefore, I believe that most traders will not require assistance xcritical reviews unless there is an emergency. In such a case, BlackBull Markets ensures a customer service representative is available. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based BlackBull Markets trading account. As the Editor-in-Chief at Forex.eu.com, he ensures that every review and guide is meticulously crafted and top-notch.
BlackBull Markets Micro Account
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Margin calls are received when your account capital margin drops below 70%. The trade will automatically be closed out when your margin drops below 50%. We are not aware of any evidence to indicate that BlackBull Markets is a scam.
The broker’s social trading tools, including ZuluTrade and Myfxbook, are also top-notch, and the company offers the most comprehensive educational resources. Account registration and onboarding, including documentation and know-your-customer (KYC) processes, takes under five minutes. For beginners, the demo account is invaluable for xcritical reviews backtesting strategies, getting acquainted with trading platforms and building the confidence necessary for live trading.