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. BlackBull’s fee structure is favorably structured for active traders, including discounts for high-volume trading. The average spread cost for the EUR/USD pair using a Prime account stands at 0.76 after factoring in commissions, which is about industry average.
Payment Methods
BlackBull Market is a legit broker regulated in New Zealand, the UK, and Seychelles with an exceptional regulatory track record. All client deposits remain segregated from corporate funds, and the custodian bank is the ANZ Bank. BlackBull Markets is also a member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. The domain blackbull.com is registered under our company, Black Bull Global Limited. To remain above board on all compliance practices, we undergo periodic AML/CFT audits and revisions from independent companies.
Where is BlackBull Markets based?
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 is one of the fastest-growing forex brokers attracting professional traders and those using automation. We found their popularity can be attributed to their technology stack from advanced trading platforms to the fastest execution speeds of any broker worldwide.
The spreads for major currency pairs such as EUR/USD, GBP/USD, AUD/USD, and USD/CAD are generally lower than the industry averages, although some pairs may have higher spreads. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. Although BlackBull Markets is regulated by several authoritative bodies, including FMA, FSA-S, it is not regulated by ASIC (Australian Securities and Investments Commission).
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.
- BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this.
- BlackBull Markets ensures seamless trading on the move with mobile apps for all its platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
- For self-help resources, their website features a comprehensive FAQ and glossary section, offering detailed information about forex and CFD trading and the broker’s specific services.
- The core difference in receiving the lowest commission is the US$20,000 minimum deposit requirement.
- BlackBull Markets trading experience is further enhanced by their use of Virtual Private Servers (VPS) in partnership with BeeksFX and BeekFX, reducing trading latency by up to 30%.
Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country. Traders can request xcritical cheating withdrawals from the secure back office of BlackBull Markets in a straightforward process, usually completed within 24 hours except for bank wires. Traders have access to customer support 24/7 via live chat, which I find the most convenient form to connect. A phone number, including a toll-free for New Zealand, and nine e-mail addresses are also listed, one with support in Chinese.
This is an AI-powered system designed to provide general information and assistance. While we strive to provide accurate responses, they may not always reflect the most up-to-date information or be entirely accurate. Users are responsible for verifying the accuracy of any information provided by this system, especially when making financial decisions.
Offering of investments
Separate from their CFD trading, BlackBull Markets also provides a share trading facility allowing direct investment in company shares. These tools collectively offer BlackBull Markets’ clients a range of options to automate, analyse, and optimise their trading activities. This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest. Provided you can prove you are of Islamic faith, you will be able to use this pricing structure with any of the Standard, Prime, or Institutional account types. BlackBull Markets is regulated by several other authorities, including FMA, FSA-S. BlackBull Markets is regulated by the Financial Markets Authority (FMA) of New Zealand.
BlackBull Markets Minimum Withdrawal
For self-help resources, their website features a comprehensive FAQ and glossary section, offering detailed information about forex and CFD trading and the broker’s specific services. BlackBull Markets offers two ECN accounts (Price + Institutional) and a standard account xcritical website with no commission. By using BlackBull Market’s social trading, you can copy trading strategies from other traders, replicating their performance. Just make sure that you choose your sources xcritically to make the most of BlackBull Market’s social trading features. BlackBull Markets offers an Institutional account, which is meant for high-volume traders. BlackBull Markets gives you access to the most popular trading platforms used by Forex brokers.