Blackbull Markets Review Good Ecn Broker Or Not?

by • 17/12/2019 • NewsCommenti disabilitati su Blackbull Markets Review Good Ecn Broker Or Not?155

Minimum deposit requirement of $20,000 with super-tight spreads, 24/6 tech support and VPS, White Label and MAM/PAMM trading options. More than 300 markets are on offer, which is sufficient for most needs. While there isn’t much depth in terms of instrument choice, the key asset groups are covered. It’s possible to trade more than 60 major, minor and exotic currency pairs, six index-based CFDs, gold, silver, oil and natural gas. The BlackBull registration process is straightforward and one neat feature is that the deposits and withdrawals process has been simplified. A move some other brokers might want to consider following.

Only the standard account offered by Famous traders charges a spread and zero commissions. The other two account types charge a spread and a commission on trades. The broker offers excellent trading products, account types, superb market coverage and a great, no-nonsense trading platform.

This should create a friendlier environment to trade and reduce costs. Yes, Blackbull Markets offers a good trading environment for all types of traders, from beginners to advanced. Blackbull Markets does not offer traders spread betting and therefore spread betting fees are not applicable to this broker. Blackbull Markets spread and commission fees start from US Dollar 0 with spreads from 0 pips.

In the following review, you will get the best information about the trading platform. Every time I needed support, the team was responding really quickly, helping me transfert funds, open accounts and so on. The access to assets are good, the back office is really simple, the customer service is on point, the deposit and withdrawal are fast and secure. Overall, BlackBull Markets offers a comprehensive offering to traders around the globe.

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The differences are discussed in the account opening section below. ZuluTrade is a peer-to-peer,social trading platform where you can mimic the trading strategies of thousands of registered currency traders from 192 countries. Registered traders also have access to CFD trading, commodities trading, and a host of tools, resources, and analytical features to supplement trading activity. etoro forex broker review is expanding to offer increased coverage to traders across the board.

Our exchange prices are determined by taking the best bid and ask price spreads being offered across our multiple liquidity providers and quoting them in real-time for our clients. Electronic Communication Network liquidity or ECN liquidity is integral to the service offered by BlackBull Markets. When combined with our aggregation system, our ECN ensures that our liquidity providers directly compete with each other to guarantee our clients the best trading experience. Select your account type, trading platform, account currency, funding amount and leverage level. BlackBull Markets charges other non-trading fees, including deposit and withdrawal fees. The company is registered as a financial services provider in the New Zealand Financial Services Provider Register with registration number FSP403326.

Commissions are charged on both the ECN Prime Account and the ECN Institutional Account. ECN Prime commissions are US Dollar 6 round turn per lot and the ECN Institutional Account has negotiable commissions. Once you have uploaded those documents, you receive an email saying your account will be opened and verified soon. For me, after uploading the documents, I had a verified BlackBull Markets account with login details within just a few hours, making it one of the quickest brokers I have ever signed up with. First of all, you have to choose the asset you want to trade and choose the position size .

Therefore, you have to withdraw any profit by using a bank transfer. You can only deposit money from accounts that are in your name. The BlackBull Marketsaccount opening process is easy and fully digital.The online application takes roughly minutes and our account was approved within one business day. However, the fee is not as low as its closest competitors. Presenting the updated annual selection of the best brokers across several categories.

Found 1 Of Over 2 Reviews

Traders must make such withdrawals directly to their bank accounts. Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry. I found some of the additional questions unnecessary, as traders can fill them out as they wish, and there is no verification of the answers. BlackBull Markets includes the account verification with the account opening form, which I like, as it is a requirement and saves traders the extra step from the back office. New traders must submit a copy of their ID and a proof of residency document dated within the past three months.

  • BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this.
  • Reviews – Please select the tabs below to change the source of reviews.
  • This ECN brokerage features straight through processing with non-dealing desk functionality.
  • BlackBull Markets provides market research via quality videos created by its in-house team of analysts.
  • Clients are simply required to click on the live chat option to access this feature.

If you have any issues figuring your way around the client area, the 24/5 chat support is always on hand to assist you, or contact your personal account manager if the issue persists. Standard ECN – Spreads of roughly 0.8 pips on most pairs, with $0 commission. ECN Prime poloniex broker review – Spreads at 0.0 pips starting, with $6 commission per lot traded. BlackBull makes money mainly through commissions, spreads and swaps. Swaps charges also vary, clients who do not have an Islamic account will receive/pay interest on any positions that are held overnight.

For all traders who are searching for a real ECN Broker, BlackBull Markets is the right choice. When you do a withdrawal it can take 1-3 days till the withdrawal is done by BlackBull Markets. For withdrawals, you can use the same methods as the deposit but there are some fees for you.

Blackbull Markets Journal

Users can access these resources by clicking on “Client Support” followed by “Education” from the homepage. The videos are of high quality and suitable for both beginner and advanced traders as they cover a variety of different trading topics. Here is a screenshot of the BlackBull Markets MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Trading fees – these are brokerage fees that you pay when you actually do a trade.

The company currently sports 64+ FX pairs, including major, minor, and exotic currency pairs. BlackBull Markets, an award-winning New Zealand Broker, was founded in 2014 with the goal of becoming the leading online Financial Technology and Foreign Exchange Broker. BlackBull Markets is an ECN, No Dealing Desk brokerage specialising in Forex, CFDs, Commodities, Fibre Optic Communications and Fintech solutions for traders globally. They provide institutional-grade trading conditions to clients with customer service and support. 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.

Additional Trading Fees

These include quick and easy access to Forex, Index CFDs, Commodities, Precious Metals, and Energy. The MT4, MT5, and WebTrader platforms are ideally suited to casual traders and institutional traders. With a wide range of educational tools and resources available, BlackBull Markets offers a convenient solution to traders. This ECN brokerage features straight through processing with non-dealing desk functionality. Among others, clients are assured of segregated accounts in the event of bankruptcy, insolvency, or judgements against the company.

world currencies offers multilingual customer support 24 hours a day, 5 days a week via email, telephone and live chat. A dedicated FAQ & Help Centre can also be found on the client support section of the website. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. BlackBull Markets presents clients with two well-regulated subsidiaries.

Overview Of Trading Platforms

As an executing broker for Forex, CFDs and Commodities, BlackBull Markets offers clients a professional, secure and institutional level of trading. This allows you to have the best possible trading edge in a dy… We tested two deposit and withdrawal methods and found that the broker charges a fee on Credit card deposits, but Neteller deposits are free.

Trading Features

I more or less resolved the problem of the funding currency error via BBM’s live chat system. I was told that this particular piece of information was irrelevant. If so I thought, why did it appear on the application form at all? Nearly two months later after reporting this problem, the portal still displayed the same erroneous and misleading support ticket message even though it would be a quick and simple matter to fix it.

Our office is manned 24/6 and happy to help with any query you have. I am glad to know that you resolved your issue initially by visiting our live chat. The BBM account proved unsuitable for my needs so I transferred all the money in it back into my bank. The transfer proceeded in a satisfactory and timely manner.

One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his investment goals and limits and acquire a fine level of risk understanding and risk management. New Zealand FinTech has grown markedly in recent years, thanks to cutting-edge technology, and innovative approaches to forex, CFD, and commodities trading. BlackBull Markets is leading the way as a trusted forex brokerage and online financial technology company. Established in 2014, this financial services company set about with the ambitious objective of becoming a world-class leader in FinTech on Forex trading.


While the trading conditions are not identical to a live one, BlackBull Markets should allow for longer than 30 days. Traders may select a demo balance between $5,000 and $100,000. We know it’s hard to compare trading fees for forex brokers. So how do we approach the problem of making their fees clear and comparable?

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