BlackBull Markets Review

Read our comprehensive BlackBull Markets review below.

 

WHAT IS BLACKBULL MARKETS?

Found in 2014, BlackBull Markets is a respectable forex and CFD brokerage firm with its headquarters located in Auckland, New Zealand. This online broker is regulated by the Financial Services Providers Register (FSPR).

At BlackBull Markets, clients can trade a range of trading instruments, such as Forex, Index CFD, Commodities, Precious Metals, and Energy.

The broker also offers a variety of trading platforms to its traders, including the MetaTrader 4 and MetaTrader 5.

 

INTRODUCTION

BlackBull Markets is one of the leading markets in New Zealand and they have won Broker awards. They are one of the top companies when it comes to investing and trading.

This company opened in 2014 and wanted to be the leading in Finance Technology and wanted to be an expert Foreign Exchange Broker. BlackBull markets specializes in Forex, Commodities, Fibre Optics, CFDs, and Fitech solutions. This company works with traders from around the world. They are registered and they follow all the legal guidelines.

This company is backed by some of the leading businesses and technology. It is client focused when it comes to forex trading.

PROS & CONS

Pros

  • Genuine ECN and STP Broker
  • Have an Equinix NY4 Sever
  • Has a deep pool of liquidity
  • Customers can expect exceptional customer service
  • Complete Forex market analysis
  • This company has a good reputation
  • There are options for ECN type accounts

Cons

  • Only the MetaTrader platform available
  • No diverse asset ranges

XTB Forex Broker Review

TRADING INSTRUMENTS

The broker will be paid a trade cost, but they can give clients a full list of things that can be traded. This includes over 64 different currencies, information on major markets, information on precious metals including gold and silver, and other items such as gas and oil.

Forex

This is the lowest cost option for trading. It is one of the biggest financial markets in the world and the broker can help their clients make a profit by trading. This is one of the top trading instruments and if a person is looking to trade with Forex, Blackbull is one of the best options that they have.

Index CFD

Clients will access their market and they can diversify their investments and trading. There are low latency rates, and the process is easy to use with this technology.

Commodities

BlackBull will allow their clients to access many different commodities. There will be a leverage of 500:1 across all the platforms. Commodities include resources that are used in industries such as production. The daily consumption of these goods is affected by many different factors.

Precious Metals

Traders can choose to trade metals such as gold and silver. This can be helpful for those that are looking to diversify their portfolio. Metals can be a safer alternative during a time of economic uncertainty. The rate for gold has been on the increase for years and more people are looking to invest in gold and similar items to help secure their financial future.

Energy

Energy such as natural gas and oil can be traded with BlackBull Markets. They will offer flexible options and fast transactions.

TRADING PLATFORMS

Blackbull Markets offers some great platforms including MetaTrader 4. This is easy to download. There are versions for the iPhone, android systems, tablets, Mac, and a personal computer.

Meta Trader 4

This will work on all major platforms and will allow a person to trade anywhere at any time of the day or the night. All they will need is an internet connection and a device that will allow them to have access to the internet. The trading is then ready to happen.

The MT4 is institutional grade and is great for all levels of traders. It can be customized and is easy to use. There are some nice features such as instant execution, charts, and technical help. This will allow a person to stay on top of the markets.

MetaTrader 4 Mac

At one time this was not available for Mac. BlackBull can offer this system to those that use the Mac. This system is flexible for trading and will help people use technology to trade. This is many features within this program. There are market quotes in real time and live charts showing financial information. It will also show any breaking news in the financial industry. This system has expert advisors that will assist as needed.

MetaTrader 4 iPhone

BlackBull offers this trading platform on all iOS devices. This will allow a person to access their account while they are on the go.

MetaTrader 4 Android

This platform can be used on Android devices. They will trade easily, and the app can handle all the technical aspects. It includes interactive charts and all the other features that can be found along with the MetaTrader 4 program.

MetaTrader 4 Tablet

The app for a table will allow a person to have access to their account. They will even the same great features as the other platforms on a screen that for many are easier to read.

A person can look up their account history. They can see all their data and information in real time. Everything is just a tap away. The views can be customized so they are easy to see. This app is made for a demo mode and a live model. The client will be able to trade internationally. The MetaTrader 4 app is free to download.

Meta Trader 5

This is a newer form of the trader 4 with some additional features. This program offers faster times for processing and it will work in functional order. There are additional tools that can be used to help a person know about the market.

Web Trader

This is an online version of the Metatrader 4 program. The BlackBull MetaTrader 4 can be accessed through a web browsing system and there is no need to download or purchase additional software. The account can be accessed as soon as a person sign on. They will need to access their account with an internet connection.

ACCOUNT TYPES

BlackBull Markets offers several different types of accounts including:

ECN Standard Account

This is good for beginning traders

  • There is a minimum deposit needed of $200
  • The spread form is 0.8
  • There is a minimum lot size of 0.01
  • The leverage can increase to 1:500
  • There is no commission
  • The account uses an NY4server


ECN Prime Account

  • There is a minimum deposit needed of $2,000
  • The spread form is 0.1
  • There is a minimum lot size of 0.01
  • The leverage is up to 1:500
  • The commission charged will be $6 per lot.
  • The server is NY4


ECN Institutional Account

This is for the more advanced trader

  • There is a minimum deposit of $20,000
  • The spread from 0.0
  • The leverage is 1:500
  • The commission for this account will be negotiable
  • There are custom options for the server


Islamic Account

Receiving or paying interest in not allowed in Islam. BlackBull creates a special swap free account that will follow the Sharia Law for these clients. These accounts are like the standard accounts with the features that the clients will be allowed to access.

Account Features

  • These accounts come in standard or prime
  • They are swap free
  • The leverage is 1:500
  • There are micro lots that can be used
  • The user will have access to all the trade features


Active Trader Account

If you are a high-volume trader you may be able to get Blackbull Markets Rebates. There are incentives for traders from monetary rewards to free services.

Benefits of an Active Trader

  • The account manager is available 24/7
  • There are segregated accounts for customers
  • There are advanced reporting features
  • The VPS is the hosting services
  • Customers have a bigger say in the packages they choose


HOW TO OPEN AN ACCOUNT

Opening an account can be accomplished by following these steps:

  1. Complete the application with the secure application form
  2. Confirm the email address
  3. Click the verification link that will be in the email
  4. Wait until the account has been approved
  5. The application will be reviewed
  6. Once approved fund the account with one of the methods
  7. Begin trading
  8. This will allow you to trade on the MT4 trading platform


There are some simple steps that will allow a demo account to be opened by a potential trader

  1. Compete for the application and account details
  2. Be sure to review all the account details
  3. The login and password will be sent in the mail
  4. Download the platform from the MT4 platforms
  5. Begin trading
  6. There are 30 days to practice and there is $100,000 in demo funds. All the market information will be real.


DEMO ACCOUNT

The demo account can be used for 30 days

Accessing a demo account:

  • The demo account details will be found in the email. This will include the login information to access the demo account. If you do not see it in an email it may be in the spam folder.
  • The MT4 account can be downloaded in addition to the trading platforms.
  • If there are questions email support can be reached at support@blackbullmarkets.com


SOCIAL TRADING AND COPY TRADING

Social trading is becoming popular on Forex and BlackBull Markets is working with some of the most trustworthy social media providers. Clients can follow other traders and they can use the Social Trading System right from their trading accounts.

There are some reasons why Blackbull clients are using social trading

  • There is the low start up fees. A small deposit is needed, and other traders can be followed. Some of the providers will require as little as $200 to start.
  • This will allow the risk to be diversified. Social trading platforms are allowing the risk to be spread out over other providers.
  • These accounts have verified results. Some of them will only work with traders that have live accounts. There are no demo accounts used. This will allow a person to see the track record of other traders and find one they are comfortable with.
  • This will allow you to save money on fees. Money management with other traders can attract performance or other fees. Social traders will charge a fixed amount, or they may charge a lower fee.


Zulu Trade

This is a leader in peer to peer and is a social trading platform. This will allow you to look at the accounts of thousands of other traders from 192 countries. There is a performance evaluation tool and there is also a place to give and share feedback. The Blackbull clients can customize their trades based on performance and the amount of risk they are willing to take.

Myfxbook

This is an affiliate of Blackbull markets. This is integrated with the Meta Trader program. The Blackbull clients will sign up for an account with Myfxbooks and link the accounts. Once connected you will be able to customize the settings and find the trades you feel comfortable with.

COMMISSIONS & FEES

The fees and any commissions charged will need to follow the regulations in the country of residence where the client is. Blackbull Market has a standard account that has 0.8 pips that a person can use without a commission being charged.

The Prime Account does charge a fee and the commission can be equivalent to 0.6 pips. Since there is a standard of 0.7 this will be the minimum that a person will pay for their trade. For the International Accounts, the commission rate can be negotiable. This is competitive, especially when working with larger amounts of money.

The average fees for round trips and related costs are offered too. Blackbull does not charge a fee for accounts that have gone inactive.

LEVERAGE

This will allow the market to be open to exposure and will help with open trades. Some leverage products such as Forex will increase the profit potential. At the same time, there is a bigger increase in loss. There is a maximum leverage at Blackbull that does not exceed 500:1 on Forex accounts.

WITHDRAWALS AND DEPOSITS

Deposits

Putting money into the account is as easy as possible. There are different methods used to add money to these accounts. A credit or debit card can be used as well as a bank wire of the funds.

To add funds a person will need to log into the Blackbull account. They will go to the Client Portal and find ways to add funds. If there are any questions customer support can assist.

The following currencies are accepted:

  • United States dollar
  • British pound
  • Euro
  • New Zealand dollar
  • Australian dollar
  • Singapore dollar
  • Japanese yen
  • Canadian dollar
  • South African rand


A bank wire will take one to three days for processing. All other payments will appear in real time. There are some other methods that are accepted besides a bank wire.

Credit Card Transfers

  • Mastercard
  • Visa
  • Payment Service providers
  • Skrill
  • Neteller
  • China Union Pay
  • Fasapay


Skrill accounts are in US dollars. There are different currency options, but conversion rates apply. Neteller uses multiple currencies for their clients to make deposits.

Withdrawals

When a client requests a withdrawal, they will get the money within 24 hours. It is important that they can trust and rely on BlackBull. Clients will log into the account and go to the Client Portal section. They will go under funding and then click on withdraw funds.

There are rules and fees associated with the different methods. Any question can be directed to customer support.

To note:

  • When using JPY methods there is a $5 charge for a credit card, Neteller, and Skrill accounts. There is a $20 charge for bank transfers. A currency conversation rate may be needed.
  • There may be fees after a certain threshold


Credit Card Withdrawals

  • If the account is funded using a credit card money can be withdrawn and put on the card.
  • The maximum amount of the withdraw will be the original deposits. Profits can be withdrawn using a bank transfer.
  • It will take 3 to 5 days for the funds to be received by the credit card company.


CUSTOMER SERVICE

Traders can get the support they need. The customer service team will work hard to answer any questions.

Blackbull will provide fast and friendly customer service. There is a 24-hour help day, and it is open 6 days a week. There is a broker support desk that is open 6 days a week.

SAFETY AND SECURITY

  • The company has a headquarters in Auckland, New Zealand. They are registered with the Financial Services Provider Registry and are a member of the Financial Services Complaints Limited.
  • The broker is NDD, and they do not create markets for trading.
  • The segregated accounts will help ensure safety and security.
  • The broker can help with FX platforms including MetaTrader 4.


CASHBACK

If you are a high-volume trader, you may be able to get rebates from Blackbull Markets. The broker will have incentives for specific traders.

RESEARCH

Potential traders should research before they make any trade or deal. This will help reduce the chance of mistakes.

Blackbull Markets offer some trading resources including

  • Market reviews
  • An economic calendar
  • Contract information
  • Contract specifications


EDUCATION

Clients of Blackbull markets should get as much information they can about the different markets so they can be successful traders.

The team of experts can provide information on the market, how to set up accounts, and how to trade on the different worldwide markets. Traders also have access to educational videos and can find information on the current market conditions at any time.

Blackbull does have trading guides that will help a person make an informed decision. There is a trading glossary that will give information about the common terms used in trading.

GLOBAL AWARDS

Blackbull markets has won several awards including broker access in multiple areas in 2018.

2018 Deloitte Fast 50

For over 20 years Deloitte has honored some fast-growing companies that work with technology. They rank the companies out of 32 countries from all over the world. Blackbull Markers was the winner of this award.

 

2018 APAC Technology Fast 500

This company won the award due to technology and innovations. The broker is continuing to grow while focusing on the needs of the client.

2019 Deloitte Fast 50

Once again Blackbull won this award. They are one of the most reputable companies and they are being noticed for this.

PROMOTIONS

At the time there are no bonuses or promotions.

All promotions are subject to specific terms and conditions. There are very few bonuses that should influence the choice to open an account with a new broker.

SAFE OR SCAM?

The black bull market follows all rules set by the authorities. Like other brokers, their activities are carefully monitored. This company is registered with the Financial Services Provider Register and the registration number is FSP403326.

This company is a member of the Financial Services Complaints Limited which will help solve any complaints or disputes. The banking partner for this company is ANZ Bank in the Australasia region.

BlackBull Group Limited operates under the name BlackBull Markets. They are registered in New Zealand and are regulated by the FMA. It is important to be a registered broker. This way the company follows all laws and regulations. It is safe for a customer to invest with a registered firm.

CONCLUSION

Blackbull Markets is a trusted company for traders. They charge reasonable fees while providing quality and helpful services.

There are a range of services offered and will help traders that want to focus on Forex, precious metals, and major stocks from around the world.

This company has a great reputation and they have been in business for over 5 years. The technology is safe, and the trade execution is great too.

Blackbull Markets has been reviewed well with customers. They make trading simple while following strict laws and regulations. The broker will provide helpful information about the different marketing offerings and customers will have all the information they need to make an informed choice about trading and investing.

The technology from this company is comprehensive and easy to use. A person will get to learn the platforms and they can access all the market information and features that they need. Blackbull Markets is one of the best brokers for those looking to begin or continue their chances in the investment field.