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  • by Ulkar A
  • Jul 26, 2022
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BlackBull Markets Review: Regulations, Commissions and Fees

 

HeadquartersNew Zealand
RegulatedFSA, FMA
Year Established2014
Execution TypeECN/STP, No Dealing Desk
Minimum deposit$50
Trading PlatformMetaTrader 4, MetaTrader 5, MT4 WebTrader
Account typesStandard Account, Prime Account, ​​Institutional Account
Demo AccountYes
Minimum Raw Spreads0.0 pips
Minimum Standard Spreads0.8 pips
Minimum Commission for Forex$6.00 per round lot
Deposit FeeNo

 

BlackBull: Regulations

BlackBull: RegulationsBlackBull Markets was started in Auckland, which is the financial capital of New Zealand, and focuses on technology. In 2014, the people who started BlackBull Markets decided to work together in the retail equity space. Their goal was to give their clients the best trading experience possible.

Today, they serve tens of thousands of traders from more than 180 different countries. They are always looking for ways to improve the platform trading experience for our clients.

Instruments

Over 300 different assets are available for trading at BlackBull Markets. These include over 60 different currency pairs, CFDs on some of the most well-known indices in the world, commodities such as gold and silver, as well as oil and natural gas. In spite of the fact that the product list is satisfactory, we were hoping to see cryptocurrency and share options.

Provided Platforms by BlackBull Markets

Provided Platforms by BlackBull MarketsMetaTrader 4

The MetaTrader 4 (MT4) system is a platform that works well for all traders and is good enough for institutions.

MT4 has a lot of features, like charts that you can interact with and technical indicators, among other things. With MT4, you can make your trading experience your own because it is easy to use and can be changed in many ways.

MT4 can be used on Windows, Mac, iPhone, Android, iPad/Tablet, or any other platform you choose.

You will be able to keep up with the market no matter where it goes.

Your MT4 platform is linked to the NY4 Equinix server on Wall Street in New York by BlackBull Markets. You can make trades on the Equinix server in as little as 2–5 milliseconds by using a variety of Prime Liquidity providers to get the best bid/ask prices.

With BlackBull Markets, MT4 can be used to trade currencies, stock indexes, and commodities.

Key things about MT4:

  • Multiple order types
  • Navigator Window Market Watch Window
  • Already-installed lights
  • Tools for analysis
  • Multiple chart setups
  • Trading by computer

Order execution capabilities
 

MetaTrader 5

MetaTrader 5 (MT5) is a trading platform that is the next generation.

With MT5, processing times get even faster, you can hedge positions, you can trade more instruments, pending orders get better, and there are more tools and indicators to give traders an edge.

With BlackBull Markets, MT5 can be used to trade stocks, currencies, indexes, and commodities.

If you want to use MT5, talk to your Account Manager directly by email, live chat, or phone.

MT5 can be used on Windows, Mac, iPhone, Android, iPad/Tablet, or any other platform you choose.

Follow this guide to set up MT5 on an Apple computer if you have a Mac.

Important parts of MT5:

  • 20+ time frames
  • 30 or more built-in signals
  • Integrated economic calendar
  • sped up the way trade is handled
  • Having the ability to protect your trades
  • Orders-not-yet-placed features with more options

 

MT4 WebTrader​

MT4 WebTrader's main features are:

  • Everything that's good about the MetaTrader 4 platform
  • You can trade from your desktop, laptop, or tablet, and switching between them is easy.
  • No extra software or downloads needed
  • It works with Google Chrome, Mozilla Firefox, and other major web browsers.
  • All data that is sent is encrypted.

 

TradingView

TradingView's most important parts:

  • 100+ pre-built popular indicators
  • 100,000 signs made by the community
  • 50+ smart drawing tools
  • Analysis of several time periods
  • There are millions of traders who share ideas.
  • Price and indicator alerts for every item
  • Charting data from the past to test strategies

 

TradingView comes with hundreds of the most popular trading indicators, and its community of traders has made thousands more. Use these, along with more than 50 smart charting tools and a collection of fundamental data, to make an accurate, quick, and thorough analysis of your favourite stocks.

Share trading

Key features of BlackBull Shares:

  • 70+ Order Types
  • More hours of business
  • Dashboard Filters for ESG and Impact
  • Tools for in-depth analysis
  • Data Feeds From More Than 66 Other Sources
  • To get the BlackBull Markets Share Trading App, look for "BlackBull Shares" in the Apple App Store or the Android Google Play Store.

 

 

Commission and Fees 

Fees

BlackBull Markets does provide spreads with zero pip pricing, but their ECN Standard account commissions normally begin around 0.8 pip pricing. The live spread for the EUR/USD currency pair starts at 0.2 pips.

The ECN Standard account does not charge a commission for trades, but the ECN Prime account charges a commission of $3.00 per lot, which is equivalent to $6.00 each round turn. When using an ECN Institutional account, you can negotiate the commission rate.

Additionally, BlackBull Markets levies swap costs for maintaining open positions overnight. The broker calculates these fees continuously and are displayed on the trading site.

Leverage

When it comes to currency pairs and precious metals, the highest leverage that may be utilized at BlackBull Markets is 1:500. You can leverage up to 1:100 for commodities like petroleum and indexes. Calculations for margin calls are detailed in the document referred to as the "Product Disclosure Statement."

Accepted deposits currencies:

  • United States Dollar (USD)
  • Euro (EUR)
  • Great British Pound (GBP)
  • Australian Dollar (AUD)
  • New Zealand Dollar (NZD)
  • Singapore Dollar (SGD)
  • Canadian Dollar (CAD)
  • Japanese Yen (JPY)
  • South African Rand (ZAR)

 

Credit Card Payments from:

  • Visa
  • MasterCard

 

Deposits via Payment Service Providers:

  • Skrill
  • Neteller
  • China Union Pay
  • FasaPay
     

 

Is BlackBull Markets safe?

To ensure your financial security, BlackBull Markets has implemented several safeguards, including:

  1. Your money is safe and sound with a New Zealand-based Tier 1 bank
  2. Client Trust Accounts That Are Separated (your funds are not mixed with company funds)
  3. Strict Anti-Money Laundering (AML) Policies Ensure Honesty
  4. A broker who does not use a dealing desk (NDD)
  5. Authorized by the FSPR Instantaneous deposits and withdrawals for clients Know Your Customer policies and account opening processes


 

BlackBull Markets: Account types

Depending on the needs of our customers, BlackBull offers three different types of accounts. Standard, Prime, and Institutional accounts are included here. An Islamic law variation is accessible for all account types in addition to these account kinds.

 

Features

ECN

Standard

ECN

Prime

ECN

Institutional

Minimum deposit$50$2000$20 000
Spreads from0.80.10.0
Minimum lot size0.010.010.01
Leverage up to1:5001:5001:500
CommissionNo commission$6.00 per lot$20 per million

 

Since Islam forbids payment and interest receipt, BlackBull Markets has developed a swap-free account that complies with Sharia Law. Our Standard, Prime, and Institutional Accounts are all available in an Islamic (swap-free) edition, which has all the same fantastic features as the regular account types.
Services Included in Your Account

You can choose between the Regular and the Prime version.

  • Swap Free
  • Leverage of 1:500.
  • Micro Lots Available
  • The ability to gain entry to all Tradeable Instruments


 

Opening an Account

Opening an account is a completely digital process that is simple to follow step by step to get access and activate your trading conditions.

  • Sign In page.
  • Enter your contact information, including your first and last name, country of residence, email, and phone. You can also use an existing Google or Facebook account.
  • Select the preferred account type and indicate your trading background.
  • Verify your account via email, and upload ID, address, and other supporting documentation.
  • You may access your trade and account area with a current login to your Demo account.
  • Then make your initial deposit.


 

Advantages and disadvantages of BlackBull Markets

Benefits

Opening an account with BlackBull Markets is recommended for several reasons, including the following:

  • Copy trading is offered by ZuluTrade, HokoCloud, and Myfxbook
  • Trades can be made without paying any commission
  • Trading across many platforms
  • Autochartist plugin
  • A school for traders

 

Drawbacks

Trading with this broker comes with some drawbacks, including the following:

  • There is no provision for shares or cryptocurrencies
  • There is no protection against a negative balance
  • Customers from the US are not accepted


 

Customer support

Customers can reach customer service seven days a week via live chat, which is the easiest way for me to interact. There are also nine e-mail addresses provided, one of which has support for Chinese, a phone number with a toll-free number for New Zealand, and a phone number. I value BlackBull Markets' openness because complete and accurate contact information is provided.