BlackBull Markets provides a straightforward account opening process with a focus on compliance and security. In our assessment, they scored 10/15, balancing an easy onboarding experience with thorough identity and residence xcritical website checks. BlackBull Markets has one top-tier regulator the Financial Markets Authority (FMA) in New Zealand.
Commissions and Fees
One of the best things is scammed by xcritical they provide Essential Training View membership if you trade 1 lot. When trading BlackBull Markets forex currency pairs, your lot sizes start at 0.01 and can go up to 100. By using BlackBull Market’s social trading, you can copy trading strategies from other traders, replicating their performance. Just make sure that you choose your sources xcritically to make the most of BlackBull Market’s social trading features.
- These tools collectively offer BlackBull Markets’ clients a range of options to automate, analyse, and optimise their trading activities.
- We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
- The broker offers over 20 funding options, including bank transfer, credit/debit cards, crypto, Airtm, Skrill, Neteller, SEPA and AstroPay.
- BlackBull Markets ensures seamless trading on the move with mobile apps for all its platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
He has a Masters and Commerce degree and has an active role in the fintech community. Separate from their CFD trading, BlackBull Markets also provides a share trading facility allowing direct investment in company shares. BlackBull Markets offers over 26,000 different financial products to choose from.
Asset Classes
The BlackBull Markets leverage varies according to the product that you are trading. The broker’s website as well as support is available in six different languages. A great and efficient support staff underpins the outstanding reputation of the broker. The BlackBull Markets website features a Live Chat support option, available 24/6.
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Their spreads across other major currency pairs like AUD/USD, GBP/USD, and USD/JPY also align with industry averages, offering traders fair and consistent trading costs without commission fees. I like the trading experience at BlackBull Markets due to its competitive cost structure and excellent trade execution. BlackBull Markets also supports API trading and offers VPS hosting, making it ideal for advanced algorithmic trading.
Our broker reviews are reader supported and we may receive payment when you click on a partner site. Forex commissions at BlackBull Markets are between $4.00 and $6.00 per 1.0 standard round lot, dependent on the account type. BlackBull Markets offers cryptocurrency CFDs, but not physical cryptocurrency trading. BlackBull Markets makes money from spreads, commissions, and swap rates on leveraged overnight positions. BlackBull Markets follows well-established industry practices for onboarding new traders. The minimum amount to be able to request a withdrawal from BlackBull Markets is $1.
The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014. The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA). In May 2023, BlackBull Markets received an investment from Milford Asset Management, a prominent private equity firm in New Zealand, which included the appointment of an independent Chairman. Resuming the production of live streams would be a step in the right direction for BlackBull Markets, along with a general expansion of daily content. Use our country selector tool to view available brokers in your country.
ECN Standard account is commission-free, meaning the total trading cost is 0.8 pips. Its simplicity, transparency, flexibility and efficiency make it the ideal copy trading tool for beginners and experienced traders committed to excelling in the market without hassles. The BlackBull Trade Platform is a revolutionary and versatile web and mobile trading application boasting comprehensive price analysis tools, expert advisors, copy trading features and more.