BlackBull Markets


BlackBull Markets Review and Test 2020 – Pros & Cons

blackbullFounded in 2014 by a team of experienced forex and Fintech professionals, BlackBull Markets is an award-winning online broker based in New Zealand, offering institutional-grade trading services worldwide with a special focus on CFDs and Forex.

Overall BlackBull Markets offers trading in Forex, indices, energies, metals, commodities and CFDs. It has expanded across several countries, currently has offices in Kuala Lumpur, Jakarta, London, and New York. BlackBull Markets offer Straight Through Processing (STP) and No-Dealing Desk (NDD), as it is an ECN or Electronic Communication Network broker. For ensuring deep pool liquidity and the depth of the market, they have several liquidity providers as its partners. Many major international banks such as Credit Suisse, JP Morgan, RBS, Merrill Lynch, Goldman Sachs, SMBC, Bank of America, Commerzbank, and BNP Paribas.

 


 
blackbull overview
Blackbull Website

Overview:

  • Minimum Deposit: 200$
  • Maximum Leverage: 1:500
  • Tradable Assets: Forex, Indices, Metals, Energies, Commodities and CFDs
  • Regulated by: Financial Service Providers Register (New Zealand), Financial Services Complaints Limited (New Zealand), Registered in United Kingdom with Company Number - 9556804
  • Demo Account: Yes

Note: Your capital is at risk


 

BlackBull Markets provide traders with fast execution speeds, tight spreads ranging from 0.1 pips and upwards, as well as a responsive, 24/6 customer support service. It has won many international accolades, such as the highly commendable Deloitte Fast 50 award for the fastest growing exporter for Auckland in 2018 for their technology and innovation.

 

BlackBull Markets License & Regulation

When it comes to regulations, the BlackBull Market Group is a member of the New Zealand Financial Services Complaints Limited (FSCL) as well as registered under New Zealand’s Financial Services Provider Registry or FSPR. The FSPR is responsible for increasing transparency and to help companies under it to meet international obligations such as AML or CFT rules.

To ensure that business practices are ethical in nature, BlackBull Markets have strict Anti-Money Laundering and Counter Financing terrorism policies in place. Additionally, since BlackBull Markets offer their services to the UK as well, they are registered in the United Kingdom, with company number 9556804.

ANZ Bank, one of the leading banks operating in the Australasia region, is the prime banking partner for BlackBull Markets.

 

Registration

There are two options through which one can start the registering process, which is as streamlined as it could be. On the home page, there are options for opening either a Live account or a demo account.

Registering for a live account involves two more steps after filling up the application and confirming one’s email. The user must wait for approval as the BlackBull Markets team reviews the application. Once done, they can proceed to fund their accounts using some fee-free funding methods provided by them.

For registering a live account Users need to provide their contact details, account details, trading information as well as an ID verification to comply with KYC directives.

 

BlackBull Markets Account Types

BlackBull Markets offer users three types of accounts to choose from, namely, ECN Standard, ECN Prime and ECN Institutional.

  • ECN Standard: The ECN Standard Account runs on the Equinix NY4 server and requires a minimum deposit of $200. The account is commission-free with spreads starting from 0.8 pips.
  • ECN Prime: The ECN prime account runs on the Equinix NY4/LD4/TY3 servers and requires a minimum deposit of $2000. It charges a competitive commission of $3 with spreads starting from 0.1 pips.
  • ECN Institutional: The ECN Institutional account provides customisable server options and requires a minimum deposit of $20000. The commission depends on the trading volume of the user, with spreads starting from 0.0 pips onwards.

Additionally, BlackBull Markets also provides users with the option of opening an Islamic Account. It operates with full compliance with Sharia Law. Thus, swap-free accounts are offered as variants of standards, prime and institutional accounts. They provide micro-lots as well as a leverage up to 1:500. 

blackbullmarkets accounts

 

BlackBull Markets Trading Conditions

All accounts have leverage options of up to 1:500, a minimum lot size of 0.01 and access to all trading instruments. They possess MetaTrader 4 compatibility and have convenient deposit and withdrawal methods. They support all scalping, hedging and automated trading methods.

The minimum deposit for the Standard, Prime and Institutional accounts are $200, $2000, and $20000, respectively.

 

Instruments

BlackBull Markets strives to provide the most inclusive set if trading instruments to its users. This includes precious metals such as gold and silver, commodities like energy, oil and gas, indices from major markets and 64 currency pairs including major, minor and some exotic ones.

  • BlackBull Markets Forex Trading: There is no denying that the international forex market is one of the largest by daily trading volume as well as by value. BlackBull Markets offer a total 64 currency pairs, including most major, minor, and exotic currency pairs. These are eligible to be tradable on a 24/5. Spreads start from 0.1 pips with a flexible leverage of up to 1:500. Some of the major markets on the trading platform include GBP/USD, USD/JPY, AUD/CAD, USD/CAD, EUR/USD, NZD/USD, and USD/CHF.
  • BlackBull Markets Index CFDs: BlackBull Markets provides access to global equity markets by offering a range of Index CFDs such as JPN225, UK100, AUS200, GER30, US30 and SPX500. No commission or additional mark-ups and re-quotes are charged for Index CFDS on the platform. BlackBull Markets provide ultra-low latency and a straight-through processing system for the convenience of traders.
  • BlackBull Markets Energies: BlackBull Markets offers a set of energies such as natural gas and oil. They provide flexible leverage and a low-cost pricing model. Examples include USOIL (US Light Crude Oil) and NGAS (Natural Gas)
  • BlackBull Markets Precious Metals: BlackBull Markets provides traders with an option of trading precious metals. This includes Gold (XAU/USD) and silver (XAG/USD), which can help diversify a trader’s portfolio and are also seen as safe-haven investments. They also provide flexible leverage and minimum trade sizes.

 

BlackBull Markets Trading Platform Review

BlackBull Markets uses the famed MetaTrader 4 platform from MetaQuotes, which is highly acclaimed. Other trading options include FIX API Trading and Virtual Private Servers or VPS.

  • FIX API Trading: For users wishing to use their own FIX application, BlackBull Markets offers a FIX API option. This allows users to connect directly to the ECN grid and trade with Direct market access (DMA), allowing them to bypass the MT4 application. It provides reduced latency and increased transaction speeds. However, FIX API trading is only available to institutional account clients.
  • MetaTrader 4: MetaTrader 4 is possibly the most popular platform of choice when it comes to traders worldwide. It includes real-time market quotes, along with automated trading, trading strategy templates, multiple chart timeframes, multiple order types, chart analysis tools and 85 pre-installed technical indicators. BlackBull’s MT4 Markets are connected to the NY4 Equinix server, which has the capabilities of executing trades in mere milliseconds. It allows users to directly trade with the markets with less slippage and tighter spreads. It provides the best bid/ask prices because of the vast number of liquidity providers behind it. MetaTrader 4 is available in Desktop (windows/ Mac) as well as web and mobile variants(iPhone/iPad/Android/Tablet)

blackbullmarkets webtrader

BLACKBULL MARKETS WEBTRADER

 

Social Trading with ZuluTrade

BlackBull Markets is part of the many regulated brokers offered by ZuluTrade. ZuluTrade is a peer to peer, social trading platform, where users can mimic the trading strategies of thousands of registered, experienced, and successful currency traders from over 190 countries.

BlackBull clients can customise trades according to their own preferences using ZuluTrade’s performance evaluation algorithm and feedback from a knowledgeable community. 

Picking a trader: In ZuluTrade, traders are ranked using a “ZuluRank”, which is calculated using several different factors. These include the trader’s stability, exposure, maturity, minimum equity, and overall performance. Users can follow all the trader’s positions in addition to other performance metrics. Feedback from ZuluTrade’s knowledgeable community can also back up these ranks.

Managing Your risks: Risk exposure can always be viewed by the user by using the Margin Call-o-meter, which is designed to help the user determine whether their account is at risk for a margin call. For instance, the indicator turns red when the total allowed number of lots puts the user’s account at risk.

 

Other Key Features:

  • Availability: ZuluTrade is available for web as well as for mobile platforms such as Blackberry, KindleFire, iPhone, iPad and Android.
  • Social Charts: It allows users to pick a moment on any instrument chart, where they can share their own comments or insights.
  • Automator: This function allows the user to create and execute their own automated rules using a “if this, then that” logic.
  • ZuluGuard: This is an advanced account protection feature that is designed to monitor the user’s trades on a 24/7 basis.
  • Simulation: This function allows users to set their own account settings and test a selected trader’s performance.
  • Customization settings: This allows users to have more control over their account such as configuring lot sizes, setting currency pairs, custom stops and limits, editing or closing any position instantly etc.

 

BlackBull Markets additionally offers some trading tools such as PsyQuation, Swipestox, Multi Account Manager, Percentage Allocation Management Module, and an economic calendar.

 

BlackBull Markets Mobile App – Mobile Trading with BlackBull Markets

Unfortunately, BlackBull Markets does not offer any separate mobile trading platform. However, since it has MetaTrader 4 compatibility, users can use the MetaTrader 4 mobile app which is available for Androids, tablets, iPhones and IPads. The mobile platform provides all the functions present in the web app, allowing users to effectively enter and exit trades, along with managing order, whilst on the go.

 

Deposits and Withdrawals

When it comes to deposits and withdrawals, BlackBull Markets provide users with the flexibility to suit the preference of everyone. This includes options like credit/debit cards, bank wire transfers and a host of online payment processors, such as Skrill, UnionPay and Neteller. Depending on certain payment methods, BlackBull Markets can charge the user some fees. They provide several currency options when opening accounts, such as AUD, USD, GBP, EUR, CHF, JPY, CAD, NZD, SGD and HDK, thereby preventing any currency conversion fees to be charged. Bank transfers are usually completed within a few business days.

blackbullmarkets paymentmethods

 

Spreads and fees

The minimum spreads offered by BlackBull Markets for standard, prime and institutional accounts are 0.8, 0.01 and 0.0, respectively. Commissions are negotiable for institutional accounts and depend on the trader’s trading volume. It is $6.00 per lot for prime accounts. Standard accounts have no commission or fees.

 

BlackBull Markets Demo Account

Users wanting to register for a demo account can do so by following 3 simple steps; Filling in the application, receiving account details and downloading the platform to start trading.
Opening a demo account can be a great opportunity, especially for novice traders to test the waters and get used to a live trading environment. BlackBull Market’s demo account provides users with $100,000 worth of virtual money, which they can use while practicing trading, without the fear of losing any real money.

 

Note: Your capital is at risk

 

Education

BlackBull provides educational resources such as different tutorial videos that cover a range of basic topics including instructions for using prime accounts, configuring templates in MT4, and using candle sticks and timeframes, among other things.

 

BlackBull Markets Bonus and Special Offers

Even though BlackBull Markets has offered referral bonuses in the past. However, it does not currently offer any type of bonus or special offers now (T&C Applied)

 

Customer Service and Support

BlackBull Markets has an efficient and responsive customer support team, active on a 24/6 basis. It provides support through online chat, email, and telephone. Because they have global offices in each major market, their skilled team can answer customer queries on almost all technical and general aspects. Users also have a choice of getting personal account managers that stay on hand to assist whenever needed.

 

Conclusion

BlackBull Markets is one of the most efficient, reputable, and legitimate online broker used by traders worldwide. Their vast selection of tradable instruments makes it an ideal hub for traders looking for diversification. It is regulated by world recognised regulatory bodies and always has an efficient customer service team to support users. It focuses on providing its clients with a streamlined trading experience with fast execution speeds, tight spreads, and competitive fees, compared to many of its peers. Thus, BlackBull Markets is recommended for online traders looking for a safe and healthy trading environment and experience.

 

 

Best Features of BlackBull Markets

        blackbull markets
  • Connected to Global Equinix Servers
  • Has Prime Liquidity providers
  • Straight Through Processing or STP
  • No-Dealing Desk or NDD
  • FIX API Trading
  • Electronic Communication Network
  • Commission free Accounts

 

 

 

Q&A- BlackBull Markets Questions

1. Is BlackBull Markets Scam or Legit?

BlackBull Markets is a legitimate online brokerage that complies with the regulations of FSPR. It offers a great degree of transparency as compared to other online brokers. It has also received a great number of positive customer feedback based on satisfactory client experiences.

2. Where is the BlackBull Markets Login?

Users can log in to the BlackBull Markets platform by simply clicking on the “client login” tab, found on the upper-right side of the main website.

3. Is BlackBull Markets offering VPS?

Yes, BlackBull Markets provides users with VPS hosting which is connected to the Equinix Servers via fibre optic cables. This allows users to keep on running the MetaTrader 4 platform remotely, without requiring their systems to be turned on. It can be customised to the user’s requirements and reduces up to 30% latency. Many traders who cannot afford any downtime, or keep running the trading platform continuously, can go for this option.

 

Note: Your capital is at risk