BlackBull Markets Broker Review

BlackBull Markets is a New Zealand-based broker that offers Forex trading, CFD trading, Spread betting, Social trading and Share dealing services. Their selection of currencies, stock indices and commodities such as gold and silver allow customers to maximize their profitability.

The broker provides a selection of deposit and withdrawal methods, such as credit cards, Neteller, Skrill, and international bank transfers. Furthermore, they have an attractive referral program which rewards customers with US$250 for each friend who opens an account.

Opinions

BlackBull Markets is a broker with global reach and offices in major financial centers. They provide premium trading services and cutting-edge tools for investors to trade forex, commodities, and equity markets successfully.

They prioritize traders’ needs by offering the MetaTrader 5 platform on desktop, web and mobile. Plus it supports algorithmic trading so you can automate trades with ease.

BlackBull Markets’ MT4 platform comes equipped with 85 pre-installed technical indicators, real-time marketing quotes and multiple chart timeframes. Furthermore, BlackBull Markets connects directly to NY4 Equinix server so traders can access liquidity providers with competitive bid/ask prices and minimal slippage.

BlackBull Markets provides a wide selection of CFD assets and 31 forex pairs. Their spreads are competitive, and account opening is effortless. Furthermore, they provide educational tools and 24/7 support to make the experience smoother for beginners.

Benefits

BlackBull Markets is a New Zealand-based forex and CFD broker that offers competitive fees, an easy account opening process, and helpful educational tools. Plus it has a free demo account to get you started quickly.

The company also has a generous referral program that rewards traders who refer clients. Partners are rewarded with US$250 added to their accounts and those of their friends as an appreciation bonus.

Earn commissions without risking your own funds with this program’s competitive structured rebates based on volume. It offers an excellent opportunity to make a profit without risking anything of your own.

BlackBull Markets boasts an excellent reputation, which is regulated by the Financial Markets Authority (FMA). Its services are offered in multiple languages and currencies, with customer support available 24/7. Furthermore, this broker also features a negative balance protection feature to safeguard your funds.

Deposit and withdrawal

BlackBull Markets provides a selection of deposit and withdrawal methods. These include bank transfers, credit/debit cards, e-wallets, as well as online payment processors.

There is a vast selection of base currencies, such as the New Zealand dollar and Australian dollar, available to trade on. Furthermore, you have your pick of account types and trading platforms to choose from.

Trading forex and CFDs on indices and cryptocurrencies, commodities like oil and gold, as well as stocks is possible through several trading platforms including MetaTrader 4 and 5.

The company stores customers’ funds securely with ANZ Bank in a segregated account, guaranteeing client safety even if the business ceases operations.

Trading platform

Blackbull Markets provides a selection of trading solutions tailored to clients’ requirements. It boasts low spreads and commissions, as well as an intuitive platform that enables users to trade forex and CFDs with leverage up to 1:500.

The trading platform provides an array of charting tools and technical indicators. Additionally, it features an economic calendar that displays important news events as well as currency conversion rates.

Furthermore, the broker’s education center offers a selection of articles on trading strategies and techniques for beginners. Additionally, it includes videos and trading guides that may prove helpful even to experienced traders.

The broker accepts deposits and withdrawals through various methods, such as bank wires, credit/debit cards, and electronic payment processors. However, the time it takes for transactions to process may differ depending on which method is chosen.

Pros and cons

BlackBull Markets is a New Zealand-based forex broker that provides competitive spreads, low fees and speedy execution times. It boasts excellent customer support as well as an extensive trading platform.

The broker utilizes three cutting-edge Equinix servers located close to major exchanges for optimal latency. This enables you to access global markets from any location.

Additionally, it provides segregated client accounts and negative balance protection. These features are essential in shielding your funds from the broker’s financial losses.

The broker also offers Autocharist, an automated trading plugin that utilizes advanced pattern-recognition technology to uncover market opportunities for you. This can save a considerable amount of time and stress by sending notifications when there are trading opportunities present.

Account opening and login

BlackBull Markets provides a user-friendly and digital account opening process. Once you fill out the application form and upload all required documents, your trading account will be set up within one day – ready for trading!

The broker provides a selection of accounts for both novice and experienced traders, such as Standard, Prime, and Institutional accounts. Each comes with an affordable minimum deposit requirement and allows trading in micro-lots.

Traders have access to a variety of deposit and withdrawal methods, such as Skrill/Neteller/fasapay/China Union Pay, as well as bank transfers. Withdrawals incur a 5 USD fee and typically take 3-5 business days to process.

BlackBull Markets boasts a powerful infrastructure built upon technology. This enables algorithmic and copy traders to take advantage of low-latency trading, VPS hosting, API trading, STP and ECN order processing. Plus it provides free VPS for Prime Account clients as well as access to its FIX API for institutional customers. Furthermore, its trading platform and customer portal have been integrated with Salesforce for an automated approach to customer engagement.

Education

BlackBull Markets provides traders with a wealth of educational materials. These include trading videos, guides and an extensive glossary.

They provide a research section with daily news and views, stock research reports, and model equity portfolios. This section is jam packed with technical analysis that is especially helpful for new investors.

Furthermore, the broker provides Autochartist as a complimentary tool that scans markets and alerts you when there are changes in price trends. This feature is accessible on both desktop and mobile platforms.

The broker boasts a comprehensive customer support system that is accessible 24/7. They provide phone, email and live chat assistance.

Customer service

BlackBull Markets is a New Zealand-based forex broker that offers competitive trading fees and excellent customer support. Additionally, they provide complimentary trading tools as well as a demo account to all clients.

They offer a range of account types, from standard for beginner traders to prime accounts for experienced traders seeking higher leverage. They accept various payment methods like bank wire transfers, credit cards and electronic payment processors.

BlackBull Markets takes security seriously, keeping all funds in a separate account. Furthermore, they adhere to anti-money laundering regulations which necessitate them to verify your identity and report suspicious activity to the appropriate authorities.

They offer a free demo account, so you can practice your trading strategy without risking real money. The demo has an expiration period of 30 days but can be extended if needed.

Demo account

BlackBull Markets is a New Zealand-based broker that provides trading on forex and CFDs. It boasts low forex and CFD fees, an efficient account opening process, useful educational tools, as well as a demo account option.

Its safety measures include 256-Bit SSL encryption and two-factor authentication (2FA). These protect your personal information from hackers and other potential threats. Furthermore, the company has a robust anti-money laundering (AML) and counter-financing of terrorism (CFT) policy in place.

BlackBull Markets’ demo account is free to new clients and helps them become acquainted with the trading platform and site features before investing any real money. It allows you to test out strategies, evaluate execution speed, spreads, and other conditions before opening a live account.

Forex brokers generally allow you to deposit and withdraw funds using various methods. Bank wire transfer, credit/debit card, or e-wallet are all valid options; however, due to Anti Money Laundering compliance regulations, some cases may only allow withdrawal of an amount equal to your initial deposit amount.