Overall, BlackBull’s mobile trading support is about average when compared to other brokers, with no additional support or apps apart from the trading platform’s own mobile applications. Traders in New Zealand will trade with Black Bull Group Limited which is registered with the Financial Markets Authority of New Zealand (FMA) as a financial services provider. Founded in New Zealand in 2014, BlackBull Markets is an ECN-only broker that offers trading on a limited number of assets compared to most other brokers, including Forex, commodities, and indices. BlackBull Markets offers a variety of research tools both developed in-house and from third-party providers.
- It holds a derivative issuer license issued by the Financial Markets Authority (FMA).
- Fast processing, zero fees, and support for multiple currencies ensure traders worldwide can manage profits securely under 🇳🇿 regulated oversight.
- Energy commodities are essential to modern economies and are affected by various factors, including significant geopolitical events.
- New traders must submit a copy of their ID and a proof of residency document dated within the past three months.
- BlackBull Markets makes money from spreads, commissions, and swap rates on leveraged overnight positions.
Company Information
Both platforms are optimised for Windows, and include real-time market quotes and live charts on financial data, along with extensive coverage of breaking financial news, and analytics. The choice of financial assets offered by BlackBull Markets is very limited compared to other similar brokers, but it offers over 250 share CFDs through its FMA subsidiary. 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 service can be used to achieve ultra-fast order execution speeds and to obtain raw spreads directly from an exchange’s order books.
Mobile Trading Platforms
- Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry.
- In such a case, BlackBull Markets ensures a customer service representative is available.
- Although this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administration fee on trading positions.
For serious volume, the ECN Institutional offers raw spreads from 0.0 pips with a lower US$4.00 commission per lot. 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. As the Editor-in-Chief at Forex.eu.com, he ensures that every review and guide is meticulously crafted and top-notch.
We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe. As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system. Elevate your trading experience with best-in-classcharting tools and receive TradingView Essential, Plus, or Premium. New Zealand international cricketer, Kyle Jamieson, knows the importance of speed. Both in international cricket and trading global markets, the difference between success and failure can come down to milliseconds.
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For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic integrity. With a methodology refined through years of industry experience, we empower traders to make informed decisions, which is particularly important when trading high-risk investments such as penny stocks. Discover more about our comprehensive review process and how we maintain transparency and impartiality here. BlackBull Markets’ VPS service is available through third-party providers, NYC servers, and Beeks Fx.
Regulated By
All BrokerNotes content is researched, fact-checked, and edited by the research team. The broker is regulated by the Financial Markets Authority — the government agency is responsible for regulating financial markets in New Zealand. To ensure that it does not use clients’ funds to run its operations, the broker keeps clients’ funds securely in segregated accounts with ANZ Bank in New Zealand. With a BlackBull Markets MT4 or MT5 trading account, traders can seamlessly open short-term or long-term trades in gold and silver. They can also trade in both long and short directions and can hedge their positions as they want.
However, some threads claim disputes over profit withdrawals or sudden account closures. Community members often recommend following official complaint procedures if issues arise. Third-party feedback highlights strong customer satisfaction, especially regarding fast support. On Trustpilot, BlackBull Markets holds an impressive 4.8 to 4.9-star rating from over 2,000 reviews, with traders praising quick, professional help from agents. Some isolated complaints exist about profit withdrawals on independent forums. BlackBull allows traders to blackbull markets review deposit any amount they wish following the initial minimum deposit.
Now, let us provide a quick list of the key features that we like about BlackBull Markets. I’d also like to see more video tutorials and guides on technical, risk management, and fundamental analysis. Its partnership with Autochartist in 2022 added solid market analytics to MetaTrader, improving the experience. I also use the profit/loss calculator to set take profit and stop loss points, while the swap and currency calculators help me factor in interest rates and currency values.
The lack of CFTC regulation means that the broker does not offer its services to the residents of the United States. Moreover, the absence of an FCA regulation indicates that UK-based clients are not covered under the Financial Services Compensation Scheme (FSCS) if the broker fails to meet its financial obligations. BlackBull Markets is seen as a supportive workplace and a respected broker in trader communities. Some discussion threads on trader forums recommend that new users test the broker with small deposits first to confirm conditions and payout speed for themselves.
Whether by live chat, phone, email, or WhatsApp, traders benefit from quick answers and helpful guidance under 🇳🇿 regulated service standards. BlackBull Markets keeps entry easy with no minimum deposit for Standard Accounts. More advanced traders can choose Prime or Institutional Accounts for better pricing and execution, backed by 🇳🇿 New Zealand’s regulated environment and robust tiered account options.
BlackBull Markets makes depositing and withdrawing funds easy with options like credit card, wire transfer, e-wallets like Skrill and Neteller, and even cryptocurrency transactions. “After upgrading its trading infrastructure with Equinix servers in New York, London, and Tokyo to reduce latency for traders, BlackBull is a top choice for trading stock CFDs with ECN pricing.” Client funds are kept in segregated accounts, separate from the company’s operating funds. Client funds are held in segregated accounts with tier-1 banking partners to ensure safety and security. BlackBull Markets earns excellent trust scores overall, showing high customer loyalty with only minor disputes mentioned online. To withdraw funds, log in to your Secure Client Area, go to ‘My Wallet,’ select the account, choose ‘Withdraw Funds,’ pick your payment method, enter the amount, and confirm.
In my estimation, cTrader is the most well-balanced trading platform available for retail trading. Its charts are fluid and extremely versatile, accommodating the execution of in-depth technical analyses. CTrader is easily customizable and can also be used for trade automation and copy trading.
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The broker’s fee transparency appeals to both beginners and high-volume traders. BlackBull Markets delivers an institutional-grade trading experience for all traders worldwide. Founded in 🇳🇿 New Zealand, the broker stands out for deep liquidity, advanced platforms, and award-winning service.
BlackBull Markets does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your BlackBull Markets trading account. Payment from joint bank accounts or credit cards may be accepted if the trading account holder is one of the beneficiaries. With BlackBull Markets, Gold and Silver can be traded at their spot prices or via futures. The broker allows traders to benefit from the precious metals markets by offering CFDs in various precious metals, which traders can use to speculate on the price movements or hedge against inflation.
Overall, BlackBull’s trading costs are higher than average on its Standard Account and marginally lower than average on its Prime Account. The cost of trading at most other good brokers tends to be 9 USD per lot of EUR/USD. Additionally, the high minimum deposit on the Prime and Institutional Accounts makes them inaccessible to most traders.
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