BlackBull Markets Review 2022: (Updated) Safe Broker?

BlackBull Markets

$20

Min Deposit

0.0

Min Spread

2021

Foundation

+2

Broker Trusted Points

The official webpage of the Blackbull Markets is highly attractive, highlighting the different aspects of the trade, the facilities offered, and what all traders can do to be the top most market investors. The broker is situated in New Zealand and has been serving since 2014 to help traders have a smooth investing. 

Blackbull Markets has been growing with time as the technology has advanced. It has a single goal of providing leading online financial technology and becoming the best foreign exchange brokers. In the race of brokers, the Blackbull Markets has made its image with the trading services. 

The article has discussed the various aspects of the broker and what traders can have to be top-notch investors of Blackbull Markets. Its trading accounts, commission-free trading, leverage, trading tools, and platforms are highly beneficial, and here we have them discussed individually for the readers. So, let’s drive in to understand the broker better. 

Blackbull Markets: Pros and Cons 

It is an award-winning broker of New Zealand and has a good market reputation. This signals that the broker has high market advantages and some drawbacks, which makes the broker real. Trading is a risky job, and with brokers by the side, traders get confident. Here, we have an overview of the broker to give a brief idea of the Blackbull Markets broker. 

Pros:

  • Low forex and CFD transaction fees
  • Regulated broker 
  • Fast and digital account opening 
  • User-friendly broker 
  • Educational tool 
  • Trading platform 
  • No inactivity fees
  • Analytical tools 

Cons:

  • Limited research tools
  • The high deposit requirement for a Prime account 

Is Blackbull Markets A Scam Broker?

The broker is operating under the name of Black Bull Group Ltd., which is registered in New Zealand. It is a service provider company with the registration as the Financial Service Provider (FSP403326). In addition, the broker has a derivative license that is issued by the Financial Markets Authority. 

The BBG is regulated by the Financial Services Authority (FSA) of Seychelles. With all this information, we can say that the broker is a legitimate services provider and not a scam. 

Blackbull Markets Trading Account Types

The trading accounts are the necessity of the traders as they give support to the various trades of the market. A trader can have five accounts for investing with the Blackbull Markets. Its trading accounts are suitable for investors from novice to expert of the market. Other than this, traders also have the option of a demo account to practice the trade. 

Here are the trading accounts discussed individually: 

Standard Account

The standard trading account of Blackbull Markets is good for the investors of the forex market. The traders who want to experience forex trading with the advanced services of the broker. The account has given below services to make it smooth trading: 

  • Commission-free trading 
  • An initial deposit of $200
  • Trading platforms 
  • Maximum leverage of 1:500
  • Micro lots 
  • Access to tradable instruments 

Prime Account

Prime account is the second trading account offered by the Blackbull Markets. The account has a competitive edge, trading commission, spreads, etc., features that make it unique and different from the standard account. Here are the features listed of the prime account: 

  • Minimum deposit of $2000
  • Commission of $6 per lot
  • Maximum leverage of 1:500
  • Micro lots 
  • Various training instruments 

Islamic Account

Islamic account is specifically for the Muslim traders of the financial market. The account follows Sharia law and prohibits the paying and receiving of interest. In addition, the account has swap-free trading, which is used with any of the trading accounts like standard, prime, institutional. It has the following features:

  • Available for Standard and Prime 
  • Swap-free trading 
  • Maximum leverage of 1:500
  • Various tradable instruments 
  • Micro lots 

Institutional Account 

The institutional account of Blackbull Markets is for its largest clients who want to have corporate trading experience. The accounts are customed and offer the below-given faculties for the traders: 

  • Minimum deposit of $20,000
  • VPS access
  • Customizable commission structure
  • 24/5 dedicate support team 
  • Customizable MAM/PAMM platform 

Active Trader Account 

Active trader accounts are the ECN standard, ECN prime, and ECN institutional accounts. The accounts have various features that could be used as per the requirement of the investor. Below these have been listed for all the trading accounts. 

ECN Standard Account: 

  • Initial deposit $200
  • No commission 
  • Spreads from 0.8 
  • Minimum lot size of 0.01
  • Leverage up to 1:500
  • Equinix server NY4 

ECN Prime Account: 

  • An initial deposit of $2000
  • Spreads from 0.1 
  • Commission of $6 per lot 
  • Leverage up to 1:500
  • Minimum lot size of 0.01 
  • Equinix server NY4 

ECN Institutional Account: 

  • Minimum deposit of $20,000
  • Spreads from zero 
  • 0.01 minimum lot size
  • Leverage up to 1:500
  • Negotiable commission 
  • Equinix server custom option 

Blackbull Markets Account Opening?  

Opening a trading account is the easiest and quickest job for the traders as they within minutes open a trading account. With the Blackbull Markets, the trading is digital; therefore, the process of account creation is fast. For opening an account with a broker, investors have the following steps: 

  • The first step to account opening is visiting the website of the broker, www.blackbull.com, after which traders click on the open account and a new window popup. 
  • The second step is filling in the application where traders complete the information asked. It includes the contact details that are account type, name, email address, and contact number. Then click on the next step to move further and complete the process. 
  • The third step is confirming the email address with the link provided. Once the step is done, traders can then wait for approval from the broker. 
  • Once traders get the approval, they fill in other account details, such as the information about investors and their trading knowledge. This helps the broker know the market knowledge of the traders and allot them the account. 
  • The following step is to upload documents for verification and get access to the account which is selected. 
  • Lastly, traders can deposit the capital and begin trading, monitor the trades, and find other opportunities to make money. 

 

Blackbull Markets: Trading Platforms? 

It offers three important trading platforms to assist investors incorrect market prediction. MetaTrader4, MetaTrader5, and Webtrader are the trading platforms that investors can use to get access to the trade execution, market orders, indicators, tools, etc. Below these three are discussed: 

MetaTrader4 (MT4)

MetaTrader4 is the globally renowned trading platform introduced in 2005 as the forex trading platform. But because of its flexibility, it has been used in other markets. The MetaQuotes company founded the software to help them predict market fluctuations and be successful market investors. It has the following services: 

  • Works with all devices
  • Easy to download and install 
  • Indicators 
  • Technical and fundamental analysis tools 
  • Charting tools
  • Expert advisors
  • Automated trading 
  • Time frames
  • Multiple order types 
  • Market watch window
  • Navigator 
  • Order Execution capability

MetaTrader5 (MT5)

MetaTrader5 was the next-generation software introduced by MetaQuotes in 2010 for advanced trading. It is not an extension or improved version of MT4 but more technology and an easier trading facility. The MT5 has the following services: 

  • 20+ time frames 
  • 30 in-built indicators
  • Integrated economic calendar 
  • Optimized trading process
  • Hedging facility 
  • Advanced pending orders

Webtrader

Webtrader is a browsing service that connects clients directly with the financial markets. It is the MetaTrader4 browser that has some of the amazing services as it makes the trade handy. Here are the services traders can enjoy with Webtrader: 

  • MetaTrader4 services
  • Trading from any device
  • No downloading 
  • No additional software required
  • Encrypted data 
  • One-click trade 

Blackbull Markets: Trading Instruments

The trading instruments with the Blackbull Markets are several, and traders can select the one that best suits their market goal. Here are the markets investors can trade with: 

  • Forex 
  • CFDs 
  • Commodities
  • Precious Metals
  • Energies 

Blackbull Markets: Commission and Spreads 

Blackbull Markets has various options in commission for the investors as its trading accounts. Traders have to pay commission in some while others have zero trading cost. Moreover, there are fewer transaction fees for the investors, making it comfortable for trade. The list shows the trading commission for the different trading accounts of Blackbull Markets: 

  • Standard account: Zero commission 
  • Prime account: $6 per lot
  • Islamic account: As per the account used 
  • Institutional account: Customisable commission 
  • Active trader account: As per the account 

Spreads is the charge traders have to pay for using the trade instruments to the broker. Thus, the gap of buying and selling price of the asset. Traders have different spread charges for the account used that are given below:

  • Standard account: 0.8
  • Prime account: 0.1
  • Islamic account: As per the account used 
  • Institutional account: Spreads from zero 
  • Active trader account: As per the account used 

Leverage 

The facility of leverage is for the extra profit of the investors; however, the risk of the trade is also enhanced with this. Traders can use the leverage ratio as per their requirements. Leverage is the loan that brokers provide to investors for opening a high market position. Traders have the maximum leverage facility of 1:500. 

Blackbull Markets: Deposit and Withdrawal 

The deposit and withdrawal of funds with Blackbull Markets are simple. Traders can easily invest their funds with the broker using various instruments, and for this, they need funds in the account, which is an instant process with the broker. However, for the withdrawal, traders have to inform the broker in advance. 

The withdrawal of funds may take one to two business days. The deposit and withdrawal of funds are made using bank wire transfers, e-wallets, and credit/debit cards. Listed below are the methods of deposit and withdrawal: 

  • VISA 
  • Mastercard 
  • Skrill 
  • Neteller 
  • Fasapay 
  • Union pay 
  • Bank transfer 

Blackbull Markets: Education and Research

Education is the aid that supports the investors in knowing the market better and having updated information about the trading world. Blackbull Markets always keeps the clients first, and therefore they have education and research services to help investors. For education purposes, they have the following: 

  • Learn to trade
  • Trading videos 
  • Trading guides 
  • Trading glossary 

For the research of the market and getting wider perspective, traders can rely on the following: 

  • Market reviews 
  • Economic calendar 
  • Contract specification 
  • Contract expires 
  • VPS 

Blackbull Markets: Customer Support

Customer support is the necessity of the investors, and without this, they will get confused. The professional team of Blackbull Markets helps the investors in using the facilities and services efficiently and making the best out of their trades, finding market opportunities, and earning high profits. 

For customer support contact, traders can use the following: 

Final Verdict

The broker is reliable and trustworthy, with three authorities regulating the working. It has the services and facilities that support the clients in investing and predicting the market changes. Traders can open their accounts easily and quickly with Blackbull Markets. Moreover, they have various trading accounts to choose from, trading platforms to apply, and tools to know the changes. Thus, supporting in every way for advanced trade. 

However, traders should be alert while investing funds and check with the broker whether they provide the services and instruments that traders require.

FAQ’s

How to open an account with Blackbull Markets?

Blackbull Markets has the following procedure to open a trade account: 

  • Get registered 
  • Provide information 
  • Verify the email address
  • Provide account details 
  • Deposit funds 
  • Start trading 

What trading markets are available with the Blackbull Markets?

Blackbull Markets has the following markets to invest in: 

  • Forex 
  • CFDs 
  • Commodities
  • Precious Metals
  • Energies 
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