BlackBull Markets answers some questions in its FAQ section and describes its products and services well. Therefore, I believe that most traders will not require assistance unless there is an emergency. In such a case, xcritical scam BlackBull Markets ensures a customer service representative is available. 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.

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. It also does not have any investor protection scheme for non-UK/EU traders.

BlackBull Markets offers a wide range of payment options, including bank wire, e-wallets, bank cards, and cryptocurrencies. Deposits are free of charge, but the broker imposes a $5 handling fee on withdrawals. BlackBull Markets provides reliable 24/7 customer support via live chat, email, and phone. Help is available in several languages, including English, French, and Chinese. The agents are generally knowledgeable and respond to new queries quickly. The service can be used to achieve ultra-fast order execution speeds and to obtain raw spreads directly from an exchange’s order books.

This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

• The brokerage offers one of the largest product lists I have seen, with over 26,000 tradeable assets.
• Traders must deposit a minimum of $2,000 for access to these spreads.
• We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would improve its Trust Score.
• One unique feature of the cTrader platform is the cTID (cTrader ID) login functionality.

Is BlackBull Markets A Good Forex Broker For Beginners?

No, there are a few brokers regulated by the Financial Markets Authority (FMA) which is the oversite for financial markets in New Zealand. We scrutinise brokers based on their regulatory compliance, historical performance, and international presence. Our tiered approach to financial regulators helps us gauge the level of trust and consumer protection each broker offers. BlackBull Markets has significantly expanded its range of markets with the launch of BlackBull Shares. Today, BlackBull offers over 26,000 tradeable symbols; 2,500 are available on MetaTrader 5 (716 in Prime account) and TradingView, and 311 symbols on https://xcritical.pro/ MetaTrader 4.

The broker’s commitment to transparency, security, and customer service makes it a strong contender in the online trading industry. 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. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.

cTrader Platform: My Key Takeaways

The BlackBull CopyTrader platform can take your copy trading experience to a new level. The broker facilitates social trading via additional tools like ZuluTrade and Myfxbook. These features are designed to optimize technical analysis during day trading. Suppose you’re a long-term buy-and-hold investor focusing on fundamental analysis.

BlackBull Markets Spreads

Use our country selector tool to view available brokers in your country. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. 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 and quick to help.

BlackBull Markets Deposits & Withdrawals

BlackBull Markets offers good exposure to the foreign exchange market, with over 60 currency pairs covering majors, minors, and crosses. My testing shows that BlackBull Markets offers competitive fees with the premium accounts but trails alternatives in the entry-level solution. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions.

Each year, we collect thousands of data points and publish tens of thousands of words of research. While using TradingView, we found it to be another reliable platform with plenty of technical analysis features. It is particularly suitable for traders interested in the social side of trading and those who look closely at what others in the market are doing. We recommend beginners start with one of the MetaTrader platforms as these are intuitive but still allow for development towards more advanced trading once you feel more comfortable.

BlackBull Markets Micro Account

You can get your account ready in under five minutes and start trading by following the following five steps. Some of cTrader’s basic technical features are 55+ technical indicators, 28 timeframes, 6 chart types, level 2 DoM and no stop/limit level restrictions. The platform also boasts custom cBots for algo trading, news feeds, market sentiments, custom time zones and a selection of built-in widgets from reputable sources like Trading Central and FXStreet. Skillful traders can make a profit when trading forex with BlackBull Markets. However, they will need an effective strategy and good risk management.

I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! The broker offers the economic calendar; it is a useful trading tool that shows the schedule of future market events and their expected impacts on the financial markets. MetaQuotes power the economic xcritical courses scam calendar widget on the BlackBull Markets website. The BlackBull Markets’ MT4 trading platform is designed to execute trades speedily from 2 to 5 milliseconds, thanks to its connection to the NY4 Equinix server that is located on Wall Street.

The broker has been providing financial services since 2014 and adheres to safeguarding measures like negative balance protection and segregated client accounts. Other contact methods include live chat and email, though I particularly rate the online help, with FAQs split by platform, trading, and account. On multiple occasions, I have quickly been able to get answers to queries which saved me from having to contact an agent. That said, a refer-a-friend scheme was live, offering up to $250 for both the referred client and the referee. As with all promotions, eligibility requirements apply, including an initial deposit of $500 and at least five FX lots to be traded by the referred client.

BlackBull offers a vast selection of markets, with 72 forex pairs and over 26,000 tradeable symbols, making it highly recommended for traders seeking a broad array of investment opportunities. 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. I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided. Beginner traders get fifteen videos, and numerous short Trading Guides, offering an in-depth introduction to trading. While I prefer more content, BlackBull Markets presents enough information for beginners.