BlackBull Markets Review 2024: Pros, Cons, & Fees
The trading fees, including commission and spread, are competitive, and execution is lightning-fast and precise — a unique feature of an ECN broker. As an ECN broker, BlackBull Markets lets you trade outside regular trading hours. BlackBull Markets delivers a fantastic trading experience that benefits beginners and seasoned traders. Its 26,000 tradable instruments across multiple asset classes make it easy to find an asset that suits your trading style or preferences. BlackBull Markets provides round-the-clock customer support through Live Chat, email or telephone. The broker did well in providing phone numbers for a few jurisdictions where it operates, including New Zealand, Cyprus, Mexico and Argentina.
Black Bull Customer Service
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. A diverse range of funding methods are available, including Visa and Mastercard debit and credit cards, e-wallets like Neteller, Skrill, and PayPal, and crypto such as Bitcoin or Ethereum. BlackBull Markets has strong reviews on TrustPilot with a score of 4.7 out of 5 from 751. BlackBull Markets, established ten xcritical website years ago in Auckland, New Zealand, is still expanding its international presence, evident from a monthly search volume of 24,000.
- A diverse range of funding methods are available, including Visa and Mastercard debit and credit cards, e-wallets like Neteller, Skrill, and PayPal, and crypto such as Bitcoin or Ethereum.
- He provided links for videos to assist me and eplain everything make it all sound less complex.
- MT4 remains the leader in algorithmic trading, but MT4 and MT5 support it, and both have a built-in copy-trading system.
It results in a broad-based choice of trading instruments ideal for demanding asset managers and long-term dividend income-generating portfolios. BlackBull Markets has also added cryptocurrency CFDs, and the only asset class not offered is ETFs. I like the spreads available at BlackBull Markets, which confirm the existence of institution-level pricing for retail traders.
Demo Account
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. 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. Blackbull Markets has some of the most competitive fees for their ECN accounts but these require a high deposit compared to other brokers. They are one of the lowest spread forex brokers but not suitable for low xcritical website volume of beginner traders. 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.
Tools & Features
The hub includes a variety of educational materials and tools designed to cater to both beginners and experienced traders. Unlike CFDs, where traders speculate on price movements without owning the underlying asset, share trading involves actual ownership of the stocks. This ownership grants investors certain privileges, such as voting rights in company decisions, which are not available with CFD trading.
You can join upcoming webinars or watch past ones for additional trading insights. BlackBull Markets also offers a free demo account that mimics live trading conditions but with a demo balance between $5,000 and $100,000 to help traders build confidence before trading live markets. An even better account option for well-funded and expert high-volume traders is the ECN Institutional account. It features spreads starting from 0.0 pips (ultra-raw spread), a $4 per lot commission and a $20,000 minimum account requirement. That is, a total trading cost of $4, which is low compared to the other accounts. 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.
I have had an excellent customer…
They maintain the core functionalities of their desktop counterparts, such as advanced charting, analytical tools, social networking, and copy trading. The one thing I could not find, which left me disappointed, was a 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.
The MT4/MT5 platforms are highly reliable trading technology with compelling features like fully customizable charting options, multiple order types and advanced analytical capabilities. Both have built-in copy trading systems and support one-click trading, algo or automated trading through Expert Advisors (EAs), trading from the charts and trailing stops. They're available on tablets, mobile devices (Android and iOS) and desktops (Windows or Mac). You can execute trading via the web without downloading any software onto your device using the MT4 WebTrader.