BlackBull Markets ensures seamless trading on the move with mobile apps for all its platforms, including MetaTrader 4, MetaTrader 5, and cTrader. Available for both iOS and Android devices, these apps offer the flexibility to trade and manage investments from anywhere. They maintain the core functionalities of their desktop counterparts, such as advanced charting, analytical tools, social networking, and copy trading. The average spread figures for BlackBull Markets are derived through a monthly comparison of published fee data and real-time testing on live accounts. This process ensures an accurate and up to date analysis of brokers spreads. I appreciate the flexibility at BlackBull Markets for deposits, as after the initial deposit, follow-on amounts remain at the discretion of traders.
We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. BlackBull supports a variety of funding methods, including bank wires, Neteller, and credit cards, providing flexibility for deposit and withdrawal options. The mobile trading apps from BlackBull are functional, providing adequate tools for trading and monitoring markets from mobile devices. BlackBull Markets recently expanded its market research coverage with the acquisition of research firm ATM Strategy.
- Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
- I searched their legal documents, but none confirmed the existence of negative balance protection.
- We used demo accounts across various top brokers for uniformity, focusing on both limit and market orders.
- The table below summarizes the different investment products available to BlackBull Markets clients.
- Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
Customer Support
This is more so because its features mirror MT4/MT5 and cTrader but with added flexibility and convenience. These encompass chart exports, backtesting, fundamental stock data, trade ideas, chart exports, heatmaps, real-time global news and xcriticalgs calendars. BlackBull offers its trading clients free TradingView Essential, Plus or Premium — a significant cost savings considering the high subscription packages for each package. Although TradingView is a browser-native platform, it is available for mobile devices such as iOS and Android. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. For example, the addition of quizzes and progress tracking features could help BlackBull further improve its educational offering for retail traders.
BlackBull Markets trading platforms and tools
This reduction is vital for strategies like scalping and automated trading, as it minimises slippage risks and ensures accurate trade execution. Ideal for technical analysis enthusiasts, TradingView combines powerful charting with a social networking aspect, allowing traders to share and discuss trading ideas. This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest.
The minimum deposit for the ECN Prime account of $2,000 is a bit high but remains acceptable. Overall, the core trading environment is outstanding, and I rank BlackBull Markets as a leading choice for demanding equity traders, asset managers, and Forex traders. This brings some form of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet. The mobile apps are compatible with Android and iOS devices and can be downloaded from the respective app stores. The MT4 and MT5 Android apps require Android 5.0 or a later version, while the iOS apps require iOS 9.0 or a later version.
BlackBull Markets Trading Tools
Energy commodities are essential to modern economies and are affected by various factors, including significant geopolitical events. BlackBull Markets offers low spreads for the ECN Prime and ECN Institutional account types, but the Standard STP account has marked-up spreads. Also, traders are not charged with any additional fees on top of overnight financing charges. BlackBull’s cutting-edge trading technologies combine the best features to make multi-asset trading enjoyable on the web and mobile platforms. The BlackBull CopyTrader platform can take your copy trading experience to a new level.
The broker is licensed and regulated by the New Zealand FMA and the Seychelles FSA. BlackBull Markets maintains strict compliance standards regarding client fund protection in line with these financial authorities’ regulatory requirements. BlackBull Markets maintains an active presence on LinkedIn, X, Instagram, Telegram, WhatsApp, YouTube and Facebook. These platforms provide an alternative means of connecting with the team and its trading community and asking questions as needed. Besides providing each trader with a dedicated account manager, the broker did well to provide comprehensive information on its products and services on the website. The Quickstart dropdown tab on xcritical the top of the menu can answer some of your questions regarding the company and its various services.
However, if you meet compliance requirements, you can withdraw funds using a method different from the one you used to deposit them. The minimum withdrawal amount and processing time also depend on your withdrawal xcritical scam method. Comprehensive information on specific support resources, such as account, platform and market support, can be found in the support dropdown tab at the lower part of the menu. BlackBull’s exceptional service and commitment to its trading community were core factors in the broker winning the Best in Class for Offering of Investments in ForexBrokers.com’s 2023 Annual Awards.
The broker also makes available a good selection of essential trading tools and lxcriticalg resources, as well as the services of a knowledgeable customer support team. It operates with the ECN/STP execution model, which offers instant access to the interbank markets without the intervention of a dealing desk. To start trading at BlackBull Markets, traders are required to fund their trading accounts with a minimum amount of $200.
With over 26k tradable assets, you won’t have a hard time finding an instrument that matches your trading style. Experience BlackBull Markets’ institutional trading conditions combined with MetaTrader 4 (MT4), the world’s most popular trading platform. BlackBull Markets offers 24/7 customer support via live chat, email, and phone, ensuring clients have continuous access to assistance. Although 20 different payment methods are offered, availability varies depending on your location.
The broker stores client funds in segregated accounts at ANZ Bank, one of the most reputable financial institutions in New Zealand. This ensures that traders’ funds are readily accessible at all times and remain unaffected if the broker fails. I like that BlackBull Markets offers the FIX API, allowing algorithmic traders to connect advanced trading solutions. Free VPS hosting from NYC Servers or BeeksFX is available for ECN Prime accounts with trading volume above 20 lots, which is an offer I find reasonable. BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade plus newcomer HokoCloud. BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders.
This feature facilitates seamless access to all your linked trading accounts via a single login. Other cTrader features, like an integrated economic calendar, mirror those of MT5 platforms. CTrader is compatible with Mac and portable iOS devices, as well as Windows desktops and Android devices. The MT4/MT5 platforms are highly reliable trading technology with compelling features like fully customizable charting options, multiple order types and advanced analytical capabilities. Both have built-in copy trading systems and support one-click trading, algo or automated trading through Expert Advisors (EAs), trading from the charts and trailing stops.
The broker offers over 20 funding options, including bank transfer, credit/debit cards, crypto, Airtm, Skrill, Neteller, SEPA and AstroPay. Typically, your location or jurisdiction determines the acceptable payment method. Depending on your chosen method, the deposit processing time ranges from under a minute (instant deposit) to up to 24 hours or a few days. The account minimum, spread and commission depend on your selected account types.
BlackBull Markets offers multiple platforms, including the full MetaTrader suite (MetaTrader 4 and MetaTrader 5), cTrader, TradingView, and multiple social copy trading apps. BlackBull Markets offers a range of fee-free funding methods while requiring no minimum deposit to start trading. The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided. 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. However, despite its multi-channel customer support and impressive awards, the broker has an average Trustpilot rating of 3.4/5 with various negative comments. Whether this reflects the broker’s overall customer service or indicates a few dissatisfied customers is not entirely clear.
