BlackBull Markets Review

Point Summary

Is BlackBull Markets safe or a scam

• Increases transparency for clients who can view this public information
• Provides an electronic register for clients to view information about FSP companies
• Assists New Zealand in meeting it’s AML/CFT international obligations

How are you protected?

In addition, traders funds are securely kept in segregated accounts within New Zealands ANZ Bank. This means that in the unlikely event that the company were to file for bankruptcy, all client funds are safe. ANZ Bank is that countrys largest and oldest financial-services entity, and one of the most trusted and sustainable banks in the world.

Accounts

BlackBull Markets offer users three types of accounts to choose from, namely, ECN Standard, ECN Prime and ECN Institutional.

ECN Standard Account

The Standard Account is perfect for traders that are looking for a great value Forex experience. With no commissions, low spreads and an initial deposit of just $200, it’s easy to get started. Trade with your Standard Account on any of the platforms that they offer, including, P.C., Mac, mobile, and Webtrader.

ECN Prime Account

For traders that are looking for a competitive edge, we offer the Prime Account. With a commission of just $3 lot per 100k traded and spreads starting at just 0.2 pips, the Prime Account is perfect for traders looking to get the most out of their trades.

ECN Institutional Account

To provide you with a truly institutional experience we offer custom accounts to our largest traders. With the Institutional Account, you can tailor your spreads, commission and more to create an account that suits you and your trading style

Additionally, BlackBull Markets also provides users with the option of opening an Islamic Account and Active Trader Account

Islamic Account

As paying or receiving interest is prohibited in Islam, BlackBull Markets have created a swap free account that operates in full compliance with Sharia Law. Islamic (swap-free) accounts are offered as a variant of our Standard, Prime and Institutional Accounts, retaining all the great features of the regular account types.

Account Features

• Available in both Standard and Prime
• Swap Free
• 1:500 Leverage
• Micro Lots Available
• Access to all Tradeable Instruments

Active Trader Account

If you are a successful and high volume trader, you may be eligible for several BlackBull Markets Rebates. We offer incentives to traders which vary in degree from monetary to services.

Benefits of being an Active Trader

• Dedicated Account Manager available 24/7
• Segregated Customer Account
• Advanced Reporting
• VPS hosting services
• Custom negotiable solutions/packages

How to open new account at BlackBull Markets

Signing up for an account at BlackBull Markets is a quick and easy online process on how to obtain access and activate your trading specified conditions.

1. Access BlackBull Markets Sign In page
2. Enter your personal data First and Last Name, Country of residence, email, phone, etc. Also, you may use Facebook or Google existing account.
3. Choose the account type of your preference and specify your trading experience
4. Verify your account through email, upload proof of ID, address and other documents
5. Get access to your trading and account area with active logit to Demo account
6. Follow with first deposit

Demo account

At Blackbull Markets, they aim to make your trading life easier - and if youre new to the world of trading (or youre an experienced trader but new to BlackBull Markets), you can download the demo version and practise with $100,000 of virtual funds.

Its free to sign up for one of their demo accounts and they will not ask you for any payment details, such as credit card information, when you do. Its a risk-free opportunity to learn more about Blackbull Market and to practise trading.

Pacticing with Demo account helps you better understand how to execute trades, as well as your risk exposure.Success or failure in simulated trading bears no relation to probable future results with any live trading that you may choose to engage in.

How long does my demo account last for?

Try a 30 day demo trading account

Products

Trading Platforms

BlackBull Markets provides you with the world-renowned MetaTrader 4 which can be downloaded on your preferred platform: MetaTrader 4 Mac, MetaTrader 4 iPhone, MetaTrader 4 Android, MetaTrader 4 iPad/Tablet, as well as MetaTrader 5 and WebTrader.

Web Trading Platforms

WebTrader

WebTrader is the online version of MetaTrader 4. It allows users to access their BlackBull Markets MetaTrader 4 account through any web browser and operating system (Windows, Linux, Mac), without needing additional software. You can access your BlackBull Markets account and begin trading instantly. Only an internet connection is required.

While Web Trading is a little limited in its tools compared to desktop version it still offers the most important point which are needed in every day trading.

Desktop Platforms

MT4

Optimised for Desketop, the BlackBull Markets Metatrader 4 Forex trading platform has been designed to provide clients with a competitive edge in the modern trading environment. It contains an array of institutional features, comprising in an all-in-one trading solution from a single program. These include real-time market quotes and live charts on financial data, along with an extensive coverage of breaking financial news, and analytics. This platform includes full support for Expert Advisors and indicators, allowing you to enhance your trading experience.

With it’s user-friendly, highly customisable design MT4 allows you to personalise your trading experience. Packed with features such as Instant Execution, Interactive Charts, Technical Indicators, and more. Wherever the market moves, you will be able to stay on top of it.

MT5

After delivering one of the industry’s highest acclaimed trading platform, MetaTrader 4, MetaQuotes has now raised the bar again, with the release of the cutting-edge MetaTrader 5 trading platform.

MetaTrader 5 offers even faster processing times than its predecessor, the ability to hedge positions, advanced pending order functionality, and even more tools and indicators to give traders a cutting-edge advantage in the market.

Here are some of the features of MetaTrader 5:

• 20+ time frames
• 30+ built in indicators
• Integrated economic calendar
• Optimised trade processing speeds
• Ability to hedge your trade positions
• Advanced pending order functionality

Mobile Platform

BlackBull Markets does not have any mobile applications for trading, but the platform through which MT4 and MT5 offer to trade have a mobile app. It should also be added that the BlackBull Markets website is adaptive for mobile devices.

It allows you to monitor and stay updated with the situation whenever you are. BlackBull Markets Mobile platform also please you with a range of technical analysis and chart option features it offers.

Also, BlackBull made it possible to use extra benefits from VPS servers and additional FIX API Trading capability so you always having the option to deploy your strategy at the best.

Which trading platform is better for you?

Most seasoned traders will tell you that all they really want from a trading platform is something that is reliable and easy to use, intuitive, and doesn’t crash. Each platform is unique and has its own pros and cons, so it is best to understand what you want in a forex account, and platform before you get started.

The choice between the two platform types regardless of account types shows some nice flexibility and not all brokers manage that concerning their trading platforms. It may be argued MetaTrader 4 is more suitable for trading Forex while MetaTrader 5 is better for trading stocks and commodities. The other important difference is that MetaTrader 5 meets the U.S.A.’s “no hedging” regulation which effectively makes precise hedging impossible.

Deposits and Withdrawals

Deposits

Depositing funds to your account is easy and straight forward. They offer multiple ways to deposit funds into your account, some of the most popular methods they have available are via Credit Card, Neteller, UnionPay, Skrill (Non-EU clients) and Bank Transfer

BlackBull Markets does not charge a fee for depositing funds.

What is the minimum deposit amount at BlackBull Markets?

BlackBull Markets requires a minimum deposit to open all Account variants.

Once this initial deposit has been made, you account balance can go below the minimum deposit amount without any penalties being incurred. Furthermore, once the initial deposit has been funded, deposit sizes can be at your discretion.

Account Type	Deposit (USD)
Standard	$200.00
Prime	$2,000.00
Institutional	$20,000.00

How long does a Deposit take?

Aside from Bank Wire (which takes 1-3 days to process), all other payment methods are instant, allowing you to manage your account finances in real time.

How can I fund my account at BlackBull Markets?

1. Go to the BlackBull Markets Client Login Portal by clicking here!

2. Enter the email address and password you used when registering for your BlackBull Markets account. This will be different from your MT4 login details.

3. Once logged in you will be brought to the Client Portal. Here you will see a selection of account settings and options. You can either click “MAKE A DEPOSIT” or under “Funding”, click the tab “Deposit Funds”.

4. On the Deposit funds page you will have a selection of multiple methods in order to deposit funds. The most popular of these include Credit Card, Neteller, UnionPay, Skrill (Non-EU clients) and Bank Transfer

5. Select which method of payment you wish to use to deposit funds into your account, then follow the on-screen prompts.

Account Base Currency?
BlackBull Markets accept deposits in USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY and ZAR.




Withdrawals

BlackBull Markets offers multiple ways to withdraw funds from your BlackBull Markets trading account, some of the most popular methods we have available are Neteller, UnionPay, Skrill and Bank Transfer.

What is the maximum withdrawal amount?

If you have initially funded your account via Credit Card(s), you must withdraw your funds via the exact same Credit Card(s) up to the amount you initially deposited using the card.

The maximum amount that can be withdrawn is the amount of your initial deposit. Profits or amounts in excess of the deposit amount can only be processed by Bank Transfer.

Does BlackBull Markets charge withdrawal fees?

Withdrawal Method	Withdrawal Fee
Credit Card	5.00 Base Account Currency
Neteller	5.00 Base Account Currency
Skrill	5.00 Base Account Currency
International Bank Transfer	20.00 Base Account Currency

 

How long do withdrawals take?

BlackBull Markets strives to process all client withdrawal requests in under 24 hours for our client’s convenience and peace of mind.

Once your Credit Card, Bank Transfer Withdrawal has been approved, it may take an additional 3-5 business days for the funds to arrive in your account.

How do I withdraw my profits from BlackBull Markets?

To withdraw funds from your account, you need to login to your BlackBull Account through the Client Portal. In the Client Portal, under ‘Funding’, click the ‘Withdraw Funds’ button to begin submitting a withdrawal request.

Please be aware that during the withdrawal process, if you are using Credit Card, Skrill, FasaPay, Neteller, or union pay, you can only withdraw up to the amount you have deposited via that method. This is due to BlackBull Markets’ strict AML Policies. Any additional profits must be sent via Bank Wire to a Bank Account proven to be your own.

Commissions and Fees

Due to global presence brokerages may offer various account types with different fee structures, according to traders’ country or place of residence.

BlackBull Markets’ Standard Account has a minimum round-trip cost of trading a Forex currency pair is at least 0.8 pips without commission.

The Prime Account has a minimum round-trip cost of trading the EUR/USD at a minimum of 0.1 pips plus commission equivalent to 0.6 pips, meaning holders of accounts of this type will never pay less than 0.7 pips.

The Institutional Account has spreads as low as zero and negotiable commission rates. This could be an extremely competitive deal for large depositors with at least $20,000 in funds.

The average round trip fees and costs for other CFD instruments offered are average for the industry. BlackBull Markets do not charge any incidental fees such as account inactivity fees.
Their general charges and rates are competitive when compared to the market rate, but do not stand out as an advantage of choosing the company over others.

Bonuses and Promotions

At the time of this BlackBull Markets review, they did not offer any bonuses or host promotions. But this could change over time.

Trading Features

VPS Trading

A Virtual Private Server (VPS) is an ideal Forex trading tool for reducing your latency and enhancing your trading experience. Using your own VPS gives you a wide range of options in regards to your security set-up, operating systems and the operating times.

A VPS is perfect for the trader that can’t afford to have downtime. It also supports Expert Advisors, so that your strategy can run full-time without needing a computer to run on. This creates a truly customisable experience, allowing you to augment your personal trading strategy within the BlackBull Markets system.

BlackBull Markets offers free VPS services to any clients who are interested. The only requirements are a BlackBull Markets Prime account and a minimum of $2,000 deposit with 20 lots traded per month.

FIX API Trading

BlackBull Markets is always endeavouring to bring the best possible products and services to clients, they do this by optimizing their fintech and providing direct market access (DMA).

Key Benefits of FIXAPI:

Connects directly to BlackBull Markets’ bridge provider

• Direct Market Access (DMA)
• ECN integration
• Straight Through Processing (STP)

Allows the use of other trading application

• Totally customisable
• Compatible with any FIX programme

Faster speeds and lower latency

• Direct connection to bridge provider gives higher speeds of transaction
• The use of fibre optic connectivity reduces latency
• Less physical distance for all information to travel

Customer Support

Research Education

EDUCATION

Potential clients of BlackBull Markets should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

Their expert team of analysts provide a range of resources explaining the ins and outs of market fundamentals, how to set up and use technical indicators, and everything else you’ll need as a new trader in the foreign exchange market.

They provide detailed insight into the global forex market and a guide on what is forex, covering all of the advantages and risks, what to look out for, and where to find opportunities with various currencies to trade.

Traders can watch several trading videos and stay up to date with the latest movements in the financial markets with timely market analysis from the in-house team.

BlackBull Markets regularly releases information trading guides to inform you about the principles of trading and a Trading Glossary gives basic definitions of various financial and trading terms you may come across while familiarising yourself with the markets.


RESEARCH

To be able to trade with confidence and success, potential traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal.

This will ensure that they don’t lose money unnecessarily and on the other hand to trade as profitable as possible.

BlackBull Markets offers the following trading resources:

• Market reviews
• Contract specifications
• Contract expires
• Economic calendar

Conclusion

Fortunately, New Zealand’s financial regulator has taken more of a hands-off approach to forex broker regulations than its counterparts in for example the US and Europe. As a result, high leverage of up to 1:500 is available for all clients trading with BlackBull Markets, including EU residents.

Large traders looking for the very best spreads should go for the ECN Institutional account, which comes with spreads starting from 0.0 pips and “negotiable” commissions. However, the minimum balance requirement for this account is rather high at USD 20,000, which unfortunately keeps it out of reach for many independent traders. In these cases, the ECN Prime account may be a better choice, with a minimum balance of USD 2,000 and spreads from 0.1 pips. For new traders who are just getting started in forex, however, the ECN Standard account remains a fairly good option with its USD 200 minimum balance, commission-free trading, and spreads starting from 0.8 pips.

Unlike most other brokers, BlackBull is a pure ECN (electronic communications network) broker. This means that it does not match any client orders internally via a dealing desk, but instead passes all orders on to liquidity providers that handle the order matching. As a result of this, all account types offered by the broker are ECN-style accounts with relatively tight spreads.

The broker’s New Zealand office can be reached for any inquiries directly via phone or live chat, both of which are open 24 hours on all trading days. In addition, Malaysian clients can also reach the broker at the Kuala Lumpur office via a local Malaysian customer support line, while Chinese-speaking clients can get dedicated Chinese language support via email.

It has some drawbacks though. the selection of assets available for trading from this broker may be a bit small compared to many other brokers., and no stock or crypto CFDs.

All in all, there is no doubt that the 1:500 leverage offered by the broker remains attractive to some traders, and in particular for those from jurisdictions where leverage is otherwise severely restricted. BlackBull Markets is clearly a broker with a well-established position in its home markets in New Zealand and Malaysia, It is deserver to try.

Yet, we would be glad to know your personal opinion about BlackBull Markets, you may share your experience in the comment area below, or ask us for some additional information if required.