Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. To evaluate brokers, we test the accounts, trading tools and services provided.
I like the spreads available at BlackBull Markets, which confirm the existence of institution-level pricing for retail traders. A typical raw spread of only 0.1 pips during the London/New York overlap is very competitive and an excellent offer from BlackBull. In my opinion, this is arguably a little high, but well within an acceptable range.
No, there are a few brokers regulated by the Financial Markets Authority (FMA) which is the oversite for financial markets in New Zealand. A popular choice for its user-friendly interface, MT4 features advanced charting tools, automated trading with Expert Advisors, and a wide range of technical indicators. BlackBull Markets provides three account types with distinct pricing structures. BlackBull Markets has no minimum deposit requirement for its ECN Standard account, $2,000 for ECN Prime, and $20,000 for ECN Institutional. The customer service is pretty straightforward, I think it’s the best broker in terms of customer service.
How Do I Open A BlackBull Markets Demo Account?
The broker is fully regulated by the New Zealand Financial Markets Authority (FMA) and Seychelles Financial Services Authority (FSA) and offers negative balance protection. Account setup is fast and hassle-free, and traders are assigned dedicated managers. The broker also offers the ZuluTrade mobile app, a social copy-trading platform available on iPhone, iPad, and Android. BlackBull Social is a powerful platform that allows you to execute trades following the strategies of master traders. The ultra-low latency ecosystem means copy-trades are executed as close to the masters as possible. You can leverage the broker’s interactive environment and advanced monitoring features to social-proof the strategies you choose to follow.
The broker did well in providing phone numbers for a few jurisdictions where it operates, including New Zealand, Cyprus, Mexico and Argentina. BlackBull Markets has different email addresses for various queries, including support, compliance and introducing broker queries. BlackBull Markets provides high-quality articles and daily news that shed light on xcritical global market trends and those of New Zealand, the U.S. and more. This vital research resource is accessible under Trading Opportunities. Through its Economic Calendar, the broker provides information on scheduled global economic events and releases that can impact financial markets. This can help you to make informed decisions based on upcoming economic data.
When we used BlackBull Markets stocks application, we were impressed with the one-stop shop to trade and manage your account whilst on the go. We scrutinise brokers based on their regulatory compliance, historical performance, and international presence. Our tiered approach to financial regulators helps us gauge the level of trust and consumer protection each broker offers. Overall Blackbull Markets review shows they are a good choice for New Zealanders wanting a forex broker that offers FMA regulation and has ECN trading with low spreads. Something that doesn’t appear readily available from brokers with a derivatives trading licence from the FMA. For self-help resources, their website features a comprehensive FAQ and glossary section, offering detailed information about forex and CFD trading and the broker’s specific services.
These platforms provide an alternative means of connecting with the team and its trading community and asking questions as needed. Besides providing each trader with a dedicated account manager, the broker did well to provide comprehensive information on its products and services on the website. The Quickstart dropdown tab on the top of the menu can answer some of your questions regarding the company and its various services. An even better account option for well-funded and expert high-volume traders is the ECN Institutional account. It features spreads starting from 0.0 pips (ultra-raw spread), a $4 per lot commission and a $20,000 minimum account requirement. That is, a total trading cost of $4, which is low compared to the other accounts.
Where is BlackBull Markets based?
I appreciated that cTrader has a built-in news screener and an economic calendar. The broker also provides top-of-the-line stock market analysis from ATM Strategy. It combines copy trading, algo trading, and retail trading seamlessly and supports sophisticated technical analyses while offering plenty of supporting tools and content for newbies.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
It uses pattern recognition technology to monitor the markets 24/7 and is an important feature in xcritical official site many traders’ toolkits. Withdrawals must be made using the same method that you originally deposited. Fees apply at 5.00 in the base account currency for credit/debit cards, Neteller, Skrill, and international bank wire transfers.
- It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker.
- Plus, the broker’s well-designed educational libraries are available to help every trader navigate CFDs and forex trading complexities in a fast-changing financial market.
- BlackBull Markets truly shines in the platforms category, offering a diverse selection of trading platforms that support social trading, automated trading, and advanced technical analysis.
- While I prefer more content, BlackBull Markets presents enough information for beginners.
- The research also consists of technical analysis, but the entire package costs $45 monthly.
BlackBull’s Proprietary Technology: BlackBull CopyTrader and BlackBull Trade
However, from a regulatory perspective, I can strongly recommend this broker. From a security perspective, client deposits remain well-protected, but I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts. I’ve been with Blackbull for a while, after having a bad experience with other brokers.
Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. If you have experience trading with BlackBull Markets please share your personal review of the broker and what you think are strong and weak points. BlackBull Markets does not offer any bonuses or promo deals at this time.
Three requirements any successful trader needs from an ECN/NDD trading environment are deep liquidity, institution-level pricing, and high leverage. BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this. It ensures high-speed trading and offers scalpers and other high-frequency traders the xcritical scammers precision trading they require. It would be great if they could in the future offer a wider selection of assets to trade. It’s also important to note that BlackBull Markets xcritically has a relatively small number of regulatory licenses.
BlackBull’s Account Opening Process
Unlike CFDs, where traders speculate on price movements without owning the underlying asset, share trading involves actual ownership of the stocks. This ownership grants investors certain privileges, such as voting rights in company decisions, which are not available with CFD trading. These tools collectively offer BlackBull Markets’ clients a range of options to automate, analyse, and optimise their trading activities.
BlackBull Markets offers a range of fee-free funding methods while requiring no minimum deposit to start trading. In our 2024 testing, BlackBull Markets not only outperformed industry standards but also emerged as the broker with the fastest execution speed among all those tested. They achieved an average limit order speed of 72 milliseconds, which is 44.6% faster than the industry average of 130 milliseconds. For market orders, their speed was 90 milliseconds, 36.2% quicker than the industry average of 141 milliseconds. This places BlackBull Markets at the forefront in terms of execution speed compared to other brokers. Ideal for technical analysis enthusiasts, TradingView combines powerful charting with a social networking aspect, allowing traders to share and discuss trading ideas.