BlackBull Markets Review – What Does This FX Broker Offer?
BlackBull Markets is a leading Forex broker that is based in New Zealand. The team behind this company has many times expressed their hopes of getting international recognition, and after 6 years of its establishment, the broker has proved over and over again that it offers one of the best services in the market.
Being a leader in the region is not enough to satisfy the ambitions of the company, and the team behind it is working very hard to offer its services to traders around the world. Being a true ECN, no dealing desk broker, this company offers investors access to more than 300 trading instruments.
While reviewing the BlackBull Markets, we focused a lot on many different aspects of the broker. As it turns out, the broker offers investors a number of different types of accounts, MetaTrader 4 trading platform, which offers investors access to numerous trading assets and industry-leading payment methods.
But, there is much more that makes BlackBull what it is. Today, we will dive deep into everything that this broker offers and we will try to offer you a very detailed look at everything that this company offers. So, if you are looking for a trustworthy FX broker and having a hard time deciding which one to use, follow us and learn everything that you should know about BlackBull markets.
Review of BlackBull Markets – How does this broker work?
BlackBull Markets is a leading, top-tier FX broker. It was established in 2014 in New Zealand by a team of professional traders, each of them being on the market for more than a decade. These people decided to use all of their knowledge and experience and ended up creating an award-winning company that is known to be the fastest-growing financial services company in New Zealand.
The main aim of the team behind the company has always been to attract international traders on their platform. Achieving this goal has not been easy at all, the team behind BlackBull markets had to work very hard, and for 6 years now, the company has been developing, changing, and adapting to the ongoing events on the market. As a result, today, as our BlackBull Markets review shows, the brokerage stands to be the leading company in the region.
BlackBull Markets is a true ECN company, it is no dealing desk broker which offers investors a number of trading assets, including CFDs, commodities, and many others. In total, there are over 300 trading assets available for investors using this company, meaning there is something available for every trader on this broker.
The Forex broker offers very competitive services to its clients. By offering one of the highest spreads, super low commissions, and lightning-fast execution, BlackBull Markets is a place that can be enjoyed by investors of any interest. Click the button below to sign up with the Forex broker today.
BlackBull Markets – Regulations
When it comes to Forex trading, because of the risks that this market contains, it is of utmost importance that investors make sure to trade with safe, secure, and trustworthy companies. The Forex trading market has not always been this accessible for the masses, just a few decades ago, only the biggest financial companies, like banks, were able to take part in this market.
With the development of the internet, the market has changed a lot and became available worldwide. But, with such development, the need for new regulatory frameworks came as well. To answer these challenges, regulatory bodies have changed their guidelines and the importance of regulations has increased a lot in this market.
BlackBull Markets review shows that this Forex broker is regulated by the Financial Markets Authority of New Zealand, better known as simply FMA. Financial Markets Authority is the government agency of the country, which is responsible for financial regulation and enforcing them as well, it represents the main financial regulatory body of New Zealand.
How BlackBull Markets keep your funds safe?
In order to make sure that the funds of the investor using the services of the brokerage are kept safe, the Forex broker follows the regulations of FMA very strictly. According to the regulatory framework of FMA, the Forex broker is required to keep the funds of their clients on segregated bank accounts.
This is a very important requirement and this FX broker is following it very strictly. It does so by making sure to keep the funds of their clients with industry-leading banks. Many people do not understand the importance of segregated bank accounts, the fact of the matter is that with the help of segregated bank accounts, the broker will not be able to access your funds.
Even if the company goes bankrupt, investors can still stay calm, knowing that they will be able to easily withdraw their funds from their segregated bank accounts.
The Forex broker also very strictly follows the anti-money laundering requirements set out by FMA. For this, the broker collects and verifies all of the personal identification data of the account holders. Because of this, while creating an account, you will have to provide several government-issued identification documents, we will talk more about it later in the review of BlackBull Markets FX broker.
Because of the regulatory framework that the broker follows, it is not able to accept cash deposits or offer withdrawals in cash. Also, keep in mind that you will not be able to make third-party deposits either, and the deposits that are made by investors should match the account name of the customer.
By doing the things that we talked about already, and many more, the Forex broker is creating a very safe and secure environment for investors who are using it. The regulations that this broker follows are one of the key elements that make it an industry leader in the region.
Available trading instruments at BlackBull Markets
While trading, it is of utmost importance to choose the tradable asset that fits your needs the best. There are many different types of instruments available on the market, and all of them are different from one another. Our review of BlackBull Markets shows that this ECN broker offers investors the ability to trade four different types of trading assets.
Because there are so many assets available at this FX broker, investors have the ability to easily diversify their portfolio, which is a huge advantage. These are the available trading instruments at BlackBull Markets:
Which asset should you trade?
When it comes to deciding which trading instrument to use for investing, you are the one who knows it best. This FX broker offers more than 300 trading instruments, meaning that you will very easily find something that you can use for trading.
Forex trading is the biggest market around the world. The official data from 2019 showed that the average daily turnover of the market was as much as $5.1 trillion. Because of such popularity, this broker had to focus on FX trading a lot. As our review of BlackBull Markets FX broker shows, you can trade every type of currency pairs at this broker, including Majors, Minors, and Exotics on request.
Forex trading is known for its liquidity, which is one of the major reasons for its popularity. Thanks to the MetaTrader 4 trading platform, you will have access to the trading market 24 hours a day, 6 days a week. You can trade all of the major currency pairs at BlackBull Markets.
To diversify your trading portfolio, you can also trade commodities at this FX broker. Commodities have always been a huge part of people’s everyday lives around the world, and they are very popular in the world of trading. There are two major types of commodities that you can trade on BlackBull Markets, hard and soft commodities.
Soft commodities are those that people get from agricultural activities, like wheat, cocoa, flour, etc. The hard commodities are those like crude oil, precious metals, etc. The prices of commodities are affected by global events which include ongoing events in politics, the environment, etc. Ongoing events around the world can have a huge effect on the prices of commodities, which is why it’s important for investors trading commodities to stay up-to-date with the ongoing events worldwide.
If you want to learn more about the offerings of the broker, click the link below and start trading with them now.
Indices & precious metals
There are some of the top indices available on BlackBull Markets, including AUS200, GER30, US30, SPX500, and many others. In the world of Forex, indices stand for a value of a specific market, they are being traded in the form of CFDs. The greatest thing about it is that it has the power to greatly diversify the instruments you have access to, which provide a lot more risk resistant trading.
Precious metals are very popular on the market, the main reason for it being the high economic value that they have. They are referred to as being the ultimate safe-have trading instruments, which means that during the hard times on the market, the price of them stays very stable. As our review of BlackBull Markets broker shows, you can trade gold and silver at this FX broker, which are the most popular ones on the market.
Are there any bonuses offered by BlackBull Markets?
Although bonuses and promotions are a great way to attract more traders on the broker, BlackBull Markets have decided to focus more on the clients that they already have. This is a very important factor. There are many brokers on the market that are offering different types of promotions and bonuses to attract more traders, and by doing so, they simply do not have enough time to provide enough help for those who are already using their platform.
This FX broker decided to focus more on the investors that they already have, which is a very good thing. While trading with this broker, we found that you will be able to very easily find the help that you might need. BlackBull Markets focus a lot on the services that they are providing for their clients, and by doing so, they are creating a very safe, secure, and trustworthy place for investors.
This is one of the major reasons why BlackBull Markets is a leading company in the region. This FX broker focuses as much as they can on the experience that you, the investor will have. Over the last 6 years, the broker managed to win numerous awards for the amazing services that it offers to its clients, and they managed to stay at the top for many years.
Commissions of BlackBull Markets
While reviewing BlackBull Markets FX broker, we wanted to focus on many aspects. One thing that is very important about Forex trading is the amount of money that you will have to pay for the services that you are using. There are different types of commissions on the market, some of them are charged when you are opening positions, some of them are charged when you are depositing or withdrawing your funds.
The commissions and fees at this FX broker are very competitive, especially compared to other Forex brokers on the market. It is a great thing because you will have more money left for trading itself! The spreads at BlackBull markets mostly depend on the account type that you are using, they start from zero and are very competitive.
When it comes to the amount of money that you will have to pay for deposits and withdrawals, it very heavily depends on the payment method that you are using. We will discuss more it later in the review, but to give you a general idea, they are very low compared to other brokers. Also, if you are using online payment methods, in most cases, there are no fees for deposits at all.
You will have to pay the highest fees if you are using bank transfers, both for deposits and withdrawals.
One thing that many investors do not understand is the fact that Forex brokers are charging fees because they need some type of income. Because this broker charges commissions, you can know for sure that the company is trying its best to offers amazing services to you, and the money that you are paying in the forms of commissions is used to make sure that you are staying safe while receiving the best services.
Steps to start trading at BlackBull Markets
If you have decided that you want to start trading at this Forex broker, there are a few simple steps that you will have to follow. First of all, you will have to create a live trading account, verify it, and make your first deposit. After you have done so, you will be able to start opening positions.
When it comes to account types, you must choose wisely. There are several different account types available at this broker, and the one that fits your needs most will work best for you. To help you in the process of making a decision, we will discuss the account types that BlackBull Markets offers below. These are the live accounts that are available at BlackBull Markets:
- Standard Account
- Prime Account
- Insitituional Account
Account types of BlackBull Markets
Our review of FX broker BlackBull Markets shows that there are three major account types available at this Forex broker. These three are very different from one another and are created so that every type of FX trader can find something to use at this broker. A very interesting thing about this Forex broker is that it offers very high leverage, which stands at 1:500.
Although many traders love high leverage, we would recommend to use it with a lot of care. Especially if you are new to the market, it would be much better to don’t use such high leverage, because it comes with a lot of risks.
The standard account is a perfect account type for those who are just starting out in this market. The initial deposit needed to create this account is very low and stands at just $200. The commission-free standard account is a great way to start out trading in this market, with access to all of the tradable assets that this company has to offer. This account type offers a very good Forex experience, thanks to no commissions and very low spreads, starting from 0.8 pips.
If you are a trader that is looking for a more competitive trading experience, this broker has something that you will love a lot. With the amazing offerings of Prime Account, you will be able to trade Forex with a very low commission. The commission of this Forex broker stands at $3 per 100k trades, and the spreads start from just 0.2 pips. If you want to get the most out of your trades, the Prime Account would be a great way to go. To open the Prime Account, you will have to make a deposit of at least $2000.
Institutional Account of BlackBull Markets
This account is a great way to take Forex trading to a new level. Our review of the BlackBull FX broker shows that the institutional account is a great way to diversify your trading experience. Simply put, everything you do with this account is negotiable with the Forex broker, including spreads, commissions, and many more.
The greatest thing about this account type is that you will not have to trade according to the needs of the account type, but, the account type will suit all of your needs and trading styles. The minimum initial deposit for using this account type is $20,000, you will also get customizable commission structures, complementary VPS Access, and many other great offerings.
Forex brokers can have up to 6 live accounts with this broker, and as the BlackBull FX broker review shows, you can request more accounts via email from the broker. Also, a great thing is that your accounts will remain active and the broker will not delete it even if you are not being active on the market.
BlackBull Markets also offers a demo trading account. This is a very good feature, because, with the help of this account, traders are able to learn more about Forex trading and the broker as well. If you are a total beginner and want to trade without putting your funds in danger, it is a great thing to start trading with a demo account.
While using the demo account of this FX broker, you will be given a certain amount of virtual cash, which can be used for Forex trading. The market that is available for demo account holders perfectly resembles the live trading market, which gives investors the ability to get used to the trading conditions of the Forex broker.
Although many people have this misconception that demo accounts are created only for beginner Forex traders, this is not true a lot. It can be used by even the most experienced traders, mainly to work on their trading tactics, and trying out different types of trading strategies.
Also, with the help of the demo trading account, you will be able to try out different types of trading strategies and find the ones that work for you best. However, keep in mind that when you are using a demo account, there are no real feelings involved, while in real life trading, there will be a lot of emotional decisions that you will have to make.
Islamic Trading Account
As we have already said in this review of BlackBull Markets FX broker, the company is striving to have an international following. To make sure that it has something to offer for every type of investor, the Forex broker decided to offer traders an Islamic account.
Those who are following the beliefs of Islam are not able to pay or receive interests, because it is prohibited to do so by the Sharia law. Islamic accounts are also known as swap-free accounts because when using it, investors do not have to pay or receive any type of swaps. There are Islamic versions of Standard, Prime, and Institutional accounts at this Forex broker, and the leverage of 1:500 can still be used.
How to create a live trading account at BlackBull Markets?
The process of registering at this Forex broker is very simple. But, keep in mind that the broker follows the KYC regulations to fight against money laundering in the market. For this, there will be several documents that you might have to provide to verify your identity.
These documentations include proof of identities, such as a passport, or a notarized version of your government-issued ID card, and a picture of yourself holding the ID. You will also have to verify your address with a special document, which can be a bank statement or utility bills, such as gas, electricity, or any other. The main requirement for it is that the bill should be issued within the last 3 months.
The process of creating accounts is very similar to what you would have to do with other brokers as well. It takes a very short time and can be done very easily by everyone.
Deposit methods of BlackBull Markets
Once you have managed to create a live trading account and you have also verified it, it is now time for you to make your first deposit. While reviewing BlackBull Markets Forex broker, we found that it offers many types of payment methods to investors. You can make deposits with Bank Transfers, Credit Cards, PayPal, Neteller, Skrill, Union Pay, and RPN Pay.
Depending on the system refresh, the payments are mostly made within five minutes. However, it very much depends on the payment methods that you are using. For example, if you are paying with bank transfers, the time for processing varies very much. Depending on where the payment is originated from, the payments might take a lot of time to be processed.
As we have already said, depending on your account type, the minimum amount that you can deposit is $200 for a standard account, $2000 for a Prime account, and $20,000 for an institutional account. There are no limitations for maximum deposits, but, keep in mind that if you want to deposit more than $5,000, you will have to use bank transfers.
What are the withdrawal methods?
The Forex broker notes that most of the withdrawals are processed in 48 hours and if there is some type of issue with the payment, the Forex broker will make sure to contact you directly. Most of the withdrawals methods are instant, however, bank transfers and credit card payments might take up to two weeks. However, the broker notes that the payments are mostly made within 2 working days. Also, if you need your funds urgently, you can contact the Forex broker and they will do their best to help you out.
When it comes to fees for payments, a great thing is that there are no fees charged for deposits from the side of the broker. However, keep in mind that there might be some fees applied to the deposits from the side of your payment issuer, especially if you are using credit cards. So, make sure to contact the payment issuer to see how much the fees are. The broker notes that credit card deposits are subject to a 2.5% fee.
For withdrawals, the broker says that fees are about 5 units of the base currency, however, in the case of bank transfers, it is 20 units of the base currency. If you are withdrawing your funds in JPY, keep in mind that it will be calculated in the USD.
Trading platforms of BlackBull Markets
While investing in this market, a lot depends on the trading platform you are using. They are something that gives you access to the trading market, and you have to make sure to use the best one. This Forex broker offers investors different versions of MetaTrader 4, which is a trading platform that was created by a Russian company called MetaQuotes about 15 years ago.
MT4 is a leading trading platform on the market, used by more than 90% of all Forex broker because of the amazing user experience that it offers. A newer version of MT4 is also available at this Forex broker, called MetaTrader 5. Over the last 15 years, MT4 managed to get a huge following, as a result of which, it is very easy to find needed information about this trading platform online. Because it is so easy to use this trading platform, many traders are using it every day.
MetaQuotes is very famous for the trading platforms that it has issued. MT5 is a huge step forward for the market and offers even faster processing times than MT4, a number of trading tools and indicators that will give investors cutting-edge Forex trading services.
If you don’t want to download the trading application on your computer, the broker offers you the ability to use browser-version of MT4, called WebTrader. This one can be accessed from your browser directly and is very easy to use. The broker also offers mobile versions of MT4, available on both Android and iOS.
This is a great offering, especially for those who are always on the go. These people can trade Forex with the help of mobile trading from any place, as long as they have an internet connection. Thanks to this, you will be able to always stay in touch with the trading market, and once you see any movements on the market, you can directly start opening or closing positions.
Ways to get assistance at BlackBull Markets
Our detailed review of BlackBull Markets shows that the Forex broker does its best to offer needed help to its clients. There are several ways you can get answers to your questions at this FX broker, here are some of them:
- Live Chat
- Email – firstname.lastname@example.org
- Special FAQs
The live chat is available on the Forex broker for investors on any page of the website, it can be accessed very easily. The customer support team answers your questions very fast, and they are doing their utmost best to offer the necessary help. The phone number is different for different regions, it is also available in different languages.
The email of the support is a place where you can get any information you need in a very detailed form. Also, the broker communicates with high-value clients using Skype. The live chat is available 24.5 during market open hours, meaning that you can get help at any time of the trading day.
On the website of the broker, you can also find a special section of FAQs, where you will be able to find answers to the most frequently asked questions.
In the world of Forex trading, the more you know, the more chance of success you have. The team of professional traders behind this Forex broker know that very well, that is why they decided to come up with a huge educational material, which can give you the ability to learn more about Forex trading.
The educational material available at the Forex broker includes webinars, E-Books, videos, and many other resources that were prepared by expert Forex traders especially for those who are using this Forex broker. By following this material, you will be able to grow as a Forex trader which is very important for success in this market.
Awards & Accomplishments of BlackBull Markets
While reviewing BlackBull Markets broker, we were very glad to see that although the company has been around for 6 years, it was already able to gain huge accomplishments on the market. The Forex broker has been named among the best companies on the market by numerous outlets, it was named among the 2018 APAC Technology Fast 500, which lists the world’s fastest-growing technology companies.
It was also among the 2018 Deloitte fast 50, which celebrates the fastest-growing companies in more than 32 countries. The Forex broker has received many other awards for the amazing services it offers to its clients, which is a huge sign that BlackBull Markets is a legit FX broker. If you like what the broker has to offer, click below and start trading now.
BlackBull Markets Review – Key Takeaways
While reviewing this Forex broker, we were very glad to see that the professional traders’ team behind this company is working very hard to deliver high-level services to people around the world. The main goal of the team is to gain an international reputation as one of the best companies on the market, and thanks to the amazing services and offerings that it has, BlackBull Markets is easily one of the best Forex brokers today.
Being a leader in the region, the Forex broker has been named as a game-changer in the financial technologies market of the region. It has worked very hard to accomplish today’s position on the market. Thanks to industry-leading trading platforms, more than 300 available trading assets, different types of accounts, and many other special services, BlackBull Markets is very much recommended by us.
So, if you like everything that this Forex broker has to offer, do not hesitate and click below to start trading with one of the best Forex brokers on the market today!