Very polite and friendly people, especially the agent called Alvaro who helped me with the process of opening my account. I needed help with my accounts and Georgia was very helpful xcritical and quick to help.
The platform’s clear instructions and responsive support team made the experience hassle-free. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. The broker also imposes a $10 inactivity fee on accounts that have been dormant for 12 calendar months.
PsyQuation is a useful trading tool that traders can use to analyze their trades. The PsyQuation helps to guide traders on weak areas and ways in which they can be improved. Traders can create a PsyQuation account and link it with their BlackBull Markets MT4 account. With a low-cost pricing model and flexible leverage, the broker’s clients can trade various energies, such as natural gas and oil. All their platforms are not built by themselves, yet, they are amongst the industry leaders when it comes to online trading. In the case of share trading, their fees start from NZD $12 per transaction yet they’re not clearly explained anywhere on their website.
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 provides customer support 24/6 via live chat, email, and phone. The support team is available to assist with any inquiries or issues. BlackBull Markets provides high-quality customer support, available 24/6 via live chat, email, and phone.
For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service. 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. BlackBull’s cutting-edge trading technologies combine the best features to make multi-asset trading enjoyable on the web and mobile platforms. The BlackBull CopyTrader platform can take your copy trading experience to a new level.
Is BlackBull Markets suitable for automated trading?
- The minimum deposit required to start trading online with BlackBull Markets is $200 whilst free demo accounts are available if you wish to practice your trading strategies to begin with.
- Though BlackBull Markets is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses.
- The MT4/MT5 platforms are highly reliable trading technology with compelling features like fully customizable charting options, multiple order types and advanced analytical capabilities.
- BlackBull Markets provides traders with Virtual Private Servers that Equinox Servers host through fibre optic cables.
The share trading side of the business is Black Bull Trade Limited and is a registered Financial Services Provider in New Zealand. There is a £5 charge in the base currency of your account for withdrawals using credit/debit cards, Neteller, Skrill and international wire transfers. Traders should therefore plan withdrawals carefully to avoid paying this fee too regularly.
This ownership grants investors certain privileges, such as voting rights in company decisions, which are not available with CFD trading. BlackBull Markets offers a diverse range of markets to trade from forex, shares to cryptocurrencies. In our 2025 testing, BlackBull Markets not only outperformed industry standards but also emerged as the broker with the fastest execution speed among all those tested. They achieved an average limit order speed of 72 milliseconds, which is 44.6% faster than the industry average of 130 milliseconds.
BlackBull Markets Account Types
If you trade other symbols, like indices, or metals, the maximum lot sizes may vary. You are allowed to do copy trading on your BlackBull Markets account. Net accounts are especially useful when you want to be able to add and reduce your position size. There are no restrictions against hedging with your BlackBull Markets account.
Does BlackBull Markets Offer Low Forex Trading Fees?
It also maintains a subsidiary, https://xcritical.online/ BBG Limited, authorized by the Seychelles Financial Services Authority (FSA). Thats a question for the broker to answer but generally speaking, it wont matter where you trade from. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
These features enable low-latency trading, reducing the risk of negative slippage. In particular, they may appeal to veteran day traders dealing in high volumes. BlackBull Invest focuses on actual stock trading and portfolio management, and BlackBull CopyTrader lets you automatically copy the trades of MT4/5 strategy providers. Introducing more flexible commission tiers or discounts based on trading volume could further enhance its appeal to cost-conscious traders.
BlackBull Markets offers multiple platforms, including the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Moreover, losses in leveraged products may exceed your initial deposit. Before making any decisions regarding Forex or any other financial instruments, it is essential to thoughtfully consider your investment objectives, your level of experience, and your risk tolerance. It also does not have any investor protection scheme for non-UK/EU traders.
In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. BlackBull Markets operates two entities licensed and regulated by the FMA in New Zealand and FSA in Seychelles. The broker adheres to the strictest safety regulations, such as ensuring negative balance protection, and is overall fairly transparent and trustworthy. The broker incorporates market research from Myfxbook and also develops excellent research content in-house.
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The core difference in receiving the lowest commission is the US$20,000 minimum deposit requirement. It’s also important to note that BlackBull Markets only has a relatively small number of regulatory licenses. We built the website to assist forex traders in finding the right forex brokers to trade with ease.
Share Trading
BlackBull Markets has different email addresses for various queries, including support, compliance and introducing broker queries. BlackBull Markets provides high-quality articles and daily news that shed light on current global market trends and those of New Zealand, the U.S. and more. This vital research resource is accessible under Trading Opportunities. Through its Economic Calendar, the broker provides information on scheduled global economic events and releases that can impact financial markets. This can help you to make informed decisions based on upcoming economic data. The MT4/MT5 platforms are highly reliable trading technology with compelling features like fully customizable charting options, multiple order types and advanced analytical capabilities.
As a standard practice, you make withdrawals using the same deposit method. However, if you meet compliance requirements, you can withdraw funds using a method different from the one you used to deposit them. The minimum withdrawal amount and processing time also depend on your withdrawal method. A $5 withdrawal charge is applicable regardless of the withdrawal method.
Forex commissions at BlackBull Markets are between $4.00 and $6.00 per 1.0 standard round lot, dependent on the account type. BlackBull Markets offers cryptocurrency CFDs, but not physical cryptocurrency trading. BlackBull Markets makes money from spreads, commissions, and swap rates on leveraged overnight positions. Withdrawals above the deposit amount using payment processors are not possible. BlackBull Markets follows well-established industry practices for onboarding new traders. The research also consists of technical xcritical website analysis, but the entire package costs $45 monthly.
It comprises lower-risk securities, such as ETFs and bonds, which can be used to reduce one’s market exposure, as well as higher-yield/risk assets like cryptocurrencies. Traders who wish to have access to BlackBull’s entire tradable instruments selection must go for its flagship BlackBull Invest platform. The cTrader platform is ideal for automated trading, as it accommodates the execution of trading bots and algorithms. It also features a comprehensive coding environment for trade automation. Moreover, traders with BlackBull Markets can utilize its free VPS hosting and FIX API solutions to achieve ultra-fast order execution speeds. BlackBull Markets is a financial derivatives broker that impresses with its well-rounded services.
With no minimum deposit and tight spreads, there are plenty of opportunities for investors of varying abilities and goals. This 2025 broker review will delve into BlackBull Markets’ assets, deposit and withdrawal methods, leverage rates, customer support and more. BlackBull Markets’ standard account average spreads, such as 1.10 pips for EUR/USD, are competitive and close to the industry norm, with only a 0.1 pip difference from the leading brokers. Their spreads across other major currency pairs like AUD/USD, GBP/USD, and USD/JPY also align with industry averages, offering traders fair and consistent trading costs without commission fees.
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