Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry.
- BlackBull Markets is proud to offer our clients the option to Trade directly in TradingView, the world’s leading charting and social trading platform.
- Overall, AvaTrade is considered a low-risk trading platform and can be summarised as a trustworthy forex broker.
- Deposits are accepted in nine currencies including USD, EUR, GBP, JPY and AUD.
- BlackBull Markets does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.
- 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 also offers free VPS services for traders who meet certain criteria, including NYC Servers and BeeksFX. Institutional clients can also access prime services and PAMM accounts. 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.
BlackBull Markets offers Islamic swap-free trading on 2 trading account levels. BlackBull Markets offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. The ECN Standard Account gives access to all tradeable instruments at a deposit of just US Dollar 50. It is commission-free and ideal for traders looking for a Forex experience with good value.
Extra Tools & Features
MT4 remains the leader in algorithmic trading, but MT4 and MT5 support it, and both have a built-in copy-trading system. BlackBull Markets offers MT4/MT5 as a desktop client, webtrader, and mobile app. BlackBull Markets is a New Zealand-headquartered Forex broker and FinTech company. It prides itself on speed and precision, promising traders ECN/NDD execution with deep liquidity through the MT4/MT5 trading platforms. I have conducted an in-depth review to determine if their advertised ECN, deep liquidity, and price aggregation, as well as institution-level pricing for retail traders, lives up to the hype.
Importantly, the trading company is not regulated by the UK Financial Conduct Authority (FCA), which is a key drawback for British traders. BlackBull Markets is also registered under the company name Black Bull Group Limited, which is incorporated in New Zealand. The share trading side of the business is Black Bull Trade Limited and is a registered Financial Services Provider in New Zealand. With that said, our experts found a one-month free trial for the BlackBull Research tool subscription. The BlackBull Shares Trading app is available on iOS and Android, providing client access to the equities markets while on the go.
- Forex traders get 60+ currency pairs, but the bulk consists of 23,000+ equity CFD and the underlying asset for direct share dealing from 80+ global stock exchanges.
- Keep an eye on the latest session timetables via the broker’s terminal interface.
- Additionally, UK traders can request to be registered under the FMA-regulated entity.
BlackBull allows traders to deposit any amount they wish following the initial minimum deposit. 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. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
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All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions https://limefx.biz/ are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Research by CompareForexBrokers.com revealed that BlackBull Markets achieved average execution speeds of less than 75 milliseconds.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand.
This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Also, note that some hours are better for investors as there is more liquidity in the market. This is usually the case when major forex trading sessions overlap. Alongside educational articles and videos, there is BlackBull Research, which features expert analysis, recommendations and model portfolios for a fee. Remember that margin trading increases risk as well as potential returns and that some markets may have lower maximum leverage ratios.
Markets & Instruments
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. We are satisfied with the additional features offered by the broker. Day traders can make use of social trading tools such as Myfxbook, HokoCloud and ZuluTrade.
Next, they can use their BlackBull Markets account number and password to connect directly within the trading platform’s interface. Traders at BlackBull Markets have access to a wide range of markets, including cryptocurrencies. That said, DeFi enthusiasts may be disappointed by the depth of that market, with just a dozen crypto assets on offer. The range of deposit and withdrawal methods offered includes bank wire transfers, credit/debit cards, cryptocurrencies, Skrill, Neteller, and other Payment Service Providers such as fasapay.
MT4 and MT5 permit access to all trading indicators, drawing tools, and automated functionalities found within the web-based platforms. This includes comprehensive price analysis, the use of algorithmic trading applications and copy trading. The WebTrader eliminates the need to install any additional software and offers all the same benefits as the desktop version, including drawing tools, financial news and live pricing.
There are eight base currencies to choose from, including GBP, which will help UK investors avoid currency conversion charges when transferring funds from UK bank accounts. Free for all Blackbull clients, Autochartist is an award-winning automated technical analysis tool that plugs into MT4, MT5, and cTrader. It scans CFD markets in real-time and alerts the user to notify about trade opportunities. Autochartist relies on chart analysis as well as support and resistance levels to suggest emerging trends. Blackbull offers a good range of trading tools compared to other brokers.
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BlackBull is a New Zealand-based CFD broker with trading opportunities on forex, stocks, indices, commodities and cryptos. The broker supports the MetaTrader 4 and 5 platforms as well as TradingView and a proprietary mobile app. Clients can trade with high leverage and tight spreads from 0 pips on the broker’s ECN accounts.
The broker also offers the ZuluTrade mobile app, a social copy-trading platform available on iPhone, iPad, and Android. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year limefx reviews we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Also available is TradingView, a popular trading platform that delivers a range of powerful charting functions and robust analysis tools.
This is not always the case with other brokers, so it is a clear benefit of using this company. Even with the zero commission ECN Standard account spreads start quite low at BlackBull Markets from just 0.8 pips. More experienced traders can access even tighter spreads starting from just 0.1 pips with the ECN Prime account, with a commission of £6 per lot.
You will not be able to create a live trading account until your application has been approved. However, you can fund your wallet in preparation for your application being approved. Institutions can choose VIP Prime accounts with a personal account manager and Muslim clients to have access to an Islamic Account or swap-free account that operates in full compliance with Sharia Law. You can open a live account and set up your client login in just a few stages. Complete the online registration form and submit your ID verification. The online broker partnered with Autochartist in 2022 to offer powerful market analytics and automated opportunity identification.