Blackbull Markets Review Updated year : Pros & Cons Revealed

BlackBull Markets xcritical scam offers an Institutional account, which is meant for high-volume traders. To open a real account with BlackBull Markets there’s no minimum deposit. The minimum and maximum deposit limits vary slightly across each method. As a standard practice, you make withdrawals using the same deposit method.

1. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
2. However, if you meet compliance requirements, you can withdraw funds using a method different from the one you used to deposit them.
3. The online broker partnered with Autochartist in 2022 to offer powerful market analytics and automated opportunity identification.
4. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

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

Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. BlackBull Markets, established ten years ago in Auckland, New Zealand, is still expanding its international presence, evident from a monthly search volume of 24,000. Despite this, it is a leading broker in New Zealand that is highly regarded in the local market. Additionally, the company is registered with the FSPR meaning strict legislation must be followed. AML and KYC policies are operational for all new client registrations and ongoing.

Blackbull Markets is an outstanding choice for expert traders with the fastest execution speeds of all forex brokers tested. They have the lowest commission rate of any broker with their ECN Institutional but this requires a US $20,000 deposit. Even their ECN prime account requires a high deposit of US $2,000 which is why this broker is less suitable for beginners. BlackBull Markets has a few competitors, including XM, Pepperstone, FXCM and Admiral Market.

MT4 and MT5 permit access to all trading indicators, drawing tools, and automated functionalities found within the web-based platforms. All platforms are available with mobile compatibility, including free downloads to iOS and Android devices. When we used the apps on a portable device, our experts confirmed all options are fully functional with interactive navigator windows. The terminal provides access to 12 chart types, 100+ pre-built indicators, 50+ drawing tools and multi time-frame analysis. This includes comprehensive price analysis, the use of algorithmic trading applications and copy trading.

Share Trading

While the trading conditions are not identical to a live one, BlackBull Markets should allow for longer than 30 days. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based BlackBull Markets trading account. We scrutinise brokers based on their regulatory compliance, historical performance, and international presence. Our tiered approach to financial regulators helps us gauge the level of trust and consumer protection each broker offers.

Additional Features

The core difference in receiving the lowest commission is the US$20,000 minimum deposit requirement. Our experts are pleased with the security measures implemented by the broker. All transmitted information is encrypted via a secure SSL connection. BlackBull Markets adheres to segregated client funds in top-tier banks and offers negative balance protection.

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. BlackBull Markets offers cryptocurrency CFDs, but not physical cryptocurrency trading. BlackBull Markets follows well-established industry practices for onboarding new traders. BlackBull Markets answers some questions in its FAQ section and describes its products and services well. Therefore, I believe that most traders will not require assistance unless there is an emergency. In such a case, BlackBull Markets ensures a customer service representative is available.

Blackbull Makrkets Trading Hours

The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000. The one thing I could not find, which left me disappointed, was a xcritical reference to negative balance protection. It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker. I searched their legal documents, but none confirmed the existence of negative balance protection. However, from a regulatory perspective, I can strongly recommend this broker. From a security perspective, client deposits remain well-protected, but I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts.