Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. These brokers offer investor protection schemes under CySEC,and FCA regulations. To deposit funds into your account, visit the ‘My Wallet’ tab found on the left-hand side of the Secure Client Area. TradingView stands out with its charting and social trading tools, and cTrader impresses with sleek design, advanced charting, and Level II pricing. Some competitors, like IC Markets, offer zero spreads and free withdrawals, which is worth considering. Expanding into ETFs, options, and bonds would make BlackBull Markets more appealing to traders looking for broader opportunities.
- This means that you always need to maintain an equity that is bigger than the margin required to keep your positions open.
- On Fridays, most stock, ETF, and index CFD traders are hit with a threefold increase in their weekend fee.
- Also, many of the Brokers now appealing with no minimum deposit requirement with BlackBull in this point too.
- According to my live tests, BlackBull Markets’ ECN Standard and ECN Prime accounts have pricing mechanisms that meet the industry average.
There is no commission for the ECN Standard account type as all costs are built into spreads, for ECN Prime and Institutional Accounts it’s US$6.00 per lot and US$4.00 per lot respectively. ECN InstitutionalInstitutional trading as advised by name is suitable either for corporations or those operating large trading sizes. All available powerful BalckBull features are included, there are tailored solutions and costs, software and trading execution are among the best we’ve seen plus there are custom options to servers available. BlackBull Markets maintains a competitive pricing environment, especially in its ECN Institutional account, which features ultra-low costs.
This average customer rating is based on 1 BlackBull customer reviews submitted by our visitors. Compare the markets and instruments offered by BlackBull and its competitors. Please note, some markets may only be available via CFDs or other derivatives. We were pleased when Blackbull partnered with Autochartist in 2022 to bring powerful market analytics and automated opportunity identification directly into MetaTrader accounts. It’s also worth noting that supported platforms cTrader, MetaTrader, and TradingView also have excellent integrated economic calendars.
- BlackBull Markets offers Islamic accounts (swap-free) to traders and investors worldwide, including those in Australia.
- CTrader is also an excellent choice for those interested in copy trading and automated trading.
- The major costs for most traders are trading fees, which apply to each transaction.
- At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
- Traders can access live spreads data directly from the website and assess the competitiveness of the broker’s fees.
These accounts operate without charging or paying interest (swap) on overnight positions, in compliance with Islamic finance principles that prohibit the payment or receipt of interest (riba). Instead, Islamic accounts may incur an administration fee or feature-adjusted spreads to account for the absence of swap charges. BlackBull Markets supports different deposit methods to enable traders to fund their accounts with ease. The broker allows traders to fund their trading accounts in multiple currencies.
Currencies accepted for deposits/withdrawals
Overall, BlackBull Markets delivers a versatile and innovative trading environment that supports traders of all levels. BlackBull Markets offers three primary trading account types, all suiting active traders but tailored to different experience levels and capital. 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 as a Platform for Trading Commodities
Any withdrawals made in a currency other than US dollars are subject to additional BlackBull Markets fees to cover the cost of currency conversion. Since the US dollar is used for all deposits and withdrawals, any other currencies that are converted into dollars first need to be converted into US dollars when withdrawing from BlackBull Markets. Yes, BlackBull Markets offers negative balance protection to retail clients in Australia. This means that if your account balance goes into negative territory due to market fluctuations or other factors, BlackBull Markets will bring your balance back to zero. It’s an important safety feature that ensures traders won’t owe more than they initially deposited. However, it’s worth mentioning that this protection does not apply to professional traders(pro traders).
BlackBull Markets’ educational and research materials are also diverse and highly informative. Experienced traders can benefit from advanced xcritical courses scam market analytics, while beginners can learn from the wealth of articles, videos, platform tutorials, and in-house podcast. BlackBull Markets has set a 70% margin call and 50% stop-out, protecting traders from the risk of complete account wipeout due to adverse market volatility. 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.
Energy commodities are essential to modern economies and are affected by various factors, including significant geopolitical events. The platform offers advanced charting and trading tools and more options for automated trading. In addition to offering all of the features of MT4, the MetaTrader 5 trading platform comes with more advanced capabilities, such as 21 timeframes and nine chart types. MT4 is available as a desktop application for Windows and Mac computers, a web version (WebTrader), and a mobile app for Android and iOS devices. The MT4 WebTrader allows clients to access their MetaTrader 4 account through any operating system (Windows, Linux, Mac). It offers all the benefits of the MT4 desktop trading platform, and it is compatible with modern web browsers like Google Chrome, Mozilla Firefox, and Safari.
The only way to completely remove the risk is to close all BlackBull Markets open positions. In order to close a short position on BlackBull Markets, it is necessary to buy back financial instruments. Selling long positions is required in order to close out BlackBull Markets long positions. It’s possible to fill an BlackBull Markets open position in as little as a few minutes or as much as a few years, depending on the approach and the goal when trading on the BlackBull Markets platform. Along with its advanced and quite competitive trading offering, as we discover in our review, BlackBull also supports educational resources suitable for traders of different levels. Active or professional traders will better use an ECN Prime account with raw spreads from 0.1 pips and a commission charge of $6 per trade.
The broker offers more than 26,000 shares, options, bonds, and ETFs for value investing on its proprietary BlackBull Invest platform. Additionally, the broker incorporates content from Myfxbook specifically geared for currency traders and provides free Virtual Private Server (VPS) hosting and FIX API solutions. If you haven’t logged into your BlackBull Markets account in a while, your BlackBull Markets account is considered inactive. If you want to avoid being charged for BlackBull Markets inactivity fees after a longer period of time, you need to be strategic about the BlackBull Markets trading activity you engage in. BlackBull Markets management fees are calculated as a percentage of the assets that are managed in each fund, which is referred to as the AUM.
ZuluTrade is a world-leading, peer-to-peer, social trading platform that can be used to copy the trading strategies of thousands of registered, talented currency traders from 192 countries. This is a more advanced trading platform introduced by MetaQuotes in 2010 to offer access to multiple assets, including actual stocks (not just stocks CFDs). The MetaTrader 5 platform is reputed for being the choicest multi-asset platform for traders and investors from around the globe. It allows traders to trade forex, CFDs, exchange-traded instruments, stocks, and futures. The support team helps with getting started, platform navigation, deposits and withdrawals, and market-related questions. They also provide trader tools and calculators, plus answers to common FAQs, offering complete guidance for all experience levels in a secure, regulated environment.
BlackBull Markets offers a selection of over 26,000 tradable assets, which comprises 64+ currency pairs, indices from xcritical courses scam major markets, precious metals such as gold and silver, and commodities including energy, gas, and oil. Their range of available financial assets compares fairly to other big brokers, such as IC Markets and Fusion Markets. BlackBull Markets gives traders maximum flexibility with fast, free, and secure deposit options. Whether you prefer cards, crypto, local bank wires, or trusted e-wallets, funding your account is seamless, ensuring you stay focused on trading opportunities under 🇳🇿 regulated conditions. Yes, BlackBull Markets allows traders to upgrade or switch between account types if their experience level or trading volume grows.
Particularly important are the charting tools, which provide a large spectrum of technical indicators, drawing instruments, and customizing choices. Monitoring several markets at once is made simple by traders’ easy switching between several time frames and instruments. Definitely nowadays it is almost impossible to imagine trading without a mobile trading platform, as it allows you to monitor and stay updated with the situation whenever you are.
ECN Prime features ultra-fast execution and a commission of only 6$ which is competitive and average compared to competitors. Yet, traders will need 2k$ to open and access this account type, also, get some extra benefits and advanced tools as a bonus. ECN StandardBlackBull Standard account provides an ECN execution model with fees based on spreads starting only from 0.8 pips which we mark as a very competitive level compared to industry peers.
This is unlike most financial firms that would charge a certain amount on trading accounts after a prolonged period of inactivity. A commission fee of $6 per round turn on the Prime account is fair and within the range of those of its peers. But it is not the lowest commission fee that is obtainable in the industry since it is bigger than the $4.00 FXTM charges on its Advantage Account, which is about the cheapest among retail brokers. That said, those who decide to open an ECN Institutional accounts will enjoy reduced spreads and a lower round-trip commission of only $4 per lot. From the above comparison, it can be deduced that the ECN Prime account offers cheaper trading costs and the lowest trading expenses are paid by ECN Institutional account holders.
BlackBull Markets demonstrates its commitment to trust and transparency through rigorous compliance and privacy practices. Operating under 🇸🇨 Seychelles Financial Services Authority oversight, the company upholds robust AML and CFT measures to maintain ethical, legal, and secure operations for all global clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The foreign exchange market available on BlackBull Markets, makes it possible to trade one currency for another of different countries’ currencies.