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 xcritical scammers did not offer a bonus at the time of our review, but it maintains a quality partnership program. Traders can open a BlackBull Markets live account via the hassle-free online application, which does not demand unnecessary information. Account verification is mandatory to satisfy regulatory-mandated AML/KYC requirements. The minimum amount to be able to request a withdrawal from BlackBull Markets is $1. If you trade other symbols, like indices, or metals, the maximum lot sizes may vary.

The radar chart to the left shows how important each category is when calculating a broker’s final score. BlackBull Market’s VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges. BlackBull Markets offers a wider range of base currencies than most other brokers, but it does not offer accounts denominated in INR. Deposits can be made via credit cards/debit cards, e-wallets (Skrill and Neteller), and bank transfers. Credit cards/debit cards and e-wallets are processed instantly, but deposits via wire transfer can take 3 bank days to reflect.

In our 2024 Annual Awards, BlackBull earned Best in Class honors for our Offering of Investments category. That said, BlackBull still has room to further improve against the competition. We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would only improve its Trust Score. BlackBull Markets offers over 26,000 different financial products to choose from. Although 20 xcritical scam different payment methods are offered, availability varies depending on your location.

If you enjoy multi-asset trading on the go and need a robust mobile platform, BlackBull Trade might just be what you need. This is more so because its features mirror MT4/MT5 and cTrader but with added flexibility and convenience. ECN Standard Account, Prime Account, Active Trader Account, VIP Prime accounts, and ECN Institutional Account. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits. Our review of BlackBull Markets has uncovered several good reasons to open a live account, including access to competitive spreads and a wide choice of platforms and tools. Regulation and customer protection will vary between the trading entity.

BlackBull Markets’s Trading Instruments

Demo trading accounts can also create unrealistic trading expectations and promote false trading behavior. Beginners should not consider demo trading as a full simulation tool, and instead consider completing their education by opening a BlackBull Markets ECN Standard account with a small deposit. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Compare top platforms, fees and features to make an informed trading choice.

What Is The Margin Call And Stop Out Level When Trading With BlackBull Markets?

There’s also no minimum deposit needed to start copy trading their signal providers. On the other hand, each signal provider may set some funding parameters that you’ll need to meet to be able to copy them. BlackBull Markets offers an Institutional account, which is meant for high-volume traders. To open a real account with BlackBull Markets there’s no minimum deposit. Regulation is the most important consideration when choosing a broker.

In a recent study conducted by CompareForexBrokers.com, it was ranked the #1 fastest broker. The broker’s social trading tools, including ZuluTrade and Myfxbook, are also top-notch, and the company offers the most comprehensive educational resources. Additionally, it requires a $2,000 minimum deposit and a $6 per lot commission. You may wonder, “What then makes this account popular?” To grasp this, you must understand how trading costs and pips work.

ECN Institutional Account

The choice of financial assets offered by BlackBull Markets is very limited compared to other similar brokers, but it offers over 250 share CFDs through its FMA subsidiary. Traders in New Zealand will trade with Black Bull Group Limited which is registered with the Financial Markets Authority of New Zealand (FMA) as a financial services provider. Overall, although the FSA’s regulatory oversight is weak compared to other brokers, BlackBull Markets is regulated by top-tier regulator, the FMA, and has a track record of responsible behaviour.

1. These services require a monthly subscription fee, but for traders who open a Prime Account with a minimum deposit of 2,000 USD and trade 20 lots per month, the subscription fee is waived.
2. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.
3. BlackBull Markets provides three account types with distinct pricing structures.
4. Key to our methodology is the emphasis on platform features, trading costs, and execution speeds.
5. The minimum deposit at BlackBull Markets varies depending on the type of account you choose ranging from $0-$20,000.
6. A member of the BlackBull Markets team updates a market review blog most days, focussing on specific assets or markets.

The ECN Institutional account offers raw spreads, while the ECN Prime features minimal mark-ups of 0.1 pips. Swap-free Islamic accounts exist, and BlackBull Markets does not substitute the absence of swap rates with other fees, creating a genuine Islamic account more compliant than most with Sharia law. The lack of an inactivity fee ensures a pressure-free trading environment, and BlackBull Markets executes its account structure with traders in mind. When trading BlackBull Markets forex currency pairs, your lot sizes start at 0.01 and can go up to 100.

We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. Overall, BlackBull Markets’ account-opening process is fully digital and hassle-free and accounts are generally ready for trading within one business day. The account opening process at Blackbull Markets is user-friendly and fully digital and accounts are ready for trading within one day.

MT4 has a beginner-friendly and intuitive interface that appeals to newbies and experienced traders alike. It is the most globally renowned retail trading platform, featuring 50+ trading indicators, 9 timeframes, 24 analytical charting tools and 3 chart types. Blackbull Markets is one of the fastest-growing forex brokers attracting professional traders and those using automation.

This VPS is provided by ForexVPS, with servers near relevant exchanges in New York, London and Japan to optimize execution speed and reliability. However, to enjoy the VPS service, a minimum deposit of $2,000 and monthly trading of 20 lots across forex pairs or metals are required. The MT4/MT5 suites are versatile and well-recognized in the financial market. Their extensive features and functionalities establish them as the ideal online platform for CFD and forex trading.

No commissions are charged on deposits, but BlackBull Markets charges high withdrawal fees for most methods. BlackBull Markets offers a range of funding methods, and while deposits are free, it charges high withdrawal fees. BlackBull Markets does not publish the swap fees alongside the instruments on its website, and these have to be accessed by opening a demo account. 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.

Trading costs start from spreads of 0.1 pips for a commission of $6.00 per standard round lot or $7.00 in total fees. Besides high leverage and negative balance protection, traders also get API trading, making it ideal for demanding algorithmic traders. A swap-free Islamic account exists, and STP/ECN/NDD order processing and VPS hosting extend the competitive edge. Key to our methodology is the emphasis on platform features, trading costs, and execution speeds. We meticulously measure spreads and commissions through various methods, including the analysis of average monthly spreads published by brokers and actual testing via MT4 indicator bots.

BlackBull Markets was founded in 2014 in Auckland and is a true electronic communication network (ECN), no dealing desk brokerage that specializes in Forex, CFDs, and Commodities. BlackBull Markets offers professional services like personal account managers, daily market condition updates, and analysis as part of an overall superior product to clients. BlackBull Markets trading fees are competitive, though these costs vary by account type and instrument. The broker charges no commission on the ECN Standard profile, with spreads from 0.8 pips. It’s also important to note that BlackBull Markets xcritically has a relatively small number of regulatory licenses. Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose.