An experienced media professional, John has a decade of editorial experience with a background xcritical rezension that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers.

BlackBull Markets Broker Review

• However, its non-trading fees, including its withdrawal and dormancy fees, exceed the industry average.
• Payment from joint bank accounts or credit cards may be accepted if the trading account holder is one of the beneficiaries.
• 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.
• It provides traders with access to 26,000+ instruments, including Shares, Options, ETFs, and Bonds.
• At BrokerListings.com, we cut through the noise with expert-curated, data-backed broker reviews.

Black Bull Group Limited, operating under the trading name of BlackBull Markets, has its registered address at Level 20, 188 Quay St, Auckland 1010, New Zealand. For most Forex currency pairs, the minimum spread is as low as 0, when you choose the ECN Institutional Account. This account charges commissions based on the lot size that you trade with a value of $4.00 per lot. While there are no deposit fees, the withdrawal charges can be annoying, especially compared to brokers offering free withdrawals.

Platforms & Tools Details

We built the website to assist forex traders in finding the right forex brokers to trade with ease. Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand. The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014. The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA). We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage.

• Beginner traders may be interested in finding out more about opening a Demo account, allowing them to practice trading in a risk-free environment with virtual funds.
• The broker allows traders to fund their trading accounts in multiple currencies.
• BlackBull Invest works well for stock trading, and BlackBull CopyTrader lets me easily mirror MT4/5 strategies from other traders.
• The TradingView platform is accessible via web browser and mobile app, providing a seamless trading experience across multiple devices without the need to install additional software.

BlackBull Markets Free VPS

These mobile apps provide full functionality including advanced charting, fast order execution, multiple order types, technical analysis tools, and seamless access to thousands of tradable instruments. This suite ensures traders have institutional-grade trading experiences available on smartphones and tablets, enabling account management and trading anywhere with an internet connection. With over 70 order types, Black Bull Invest supports flexible trade management across various market conditions.

BlackBull Markets provides traders with the MT4 trading platform, an advanced trading platform that was introduced in 2005 by MetaQuotes. MT4 has become one of the choicest trading platforms among forex and CFD traders. The platform is built with strong security features to ensure the safety of your transactions and data. In my opinion, the cTrader mobile app sets a high standard for trading apps.

Michael Walker and Selwyn Loekman xcritical rezension founded BlackBull in 2014 in Auckland, New Zealand. BlackBull enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.

Net accounts are especially useful when you want to be able to add and reduce your position size. There are no restrictions against hedging with your BlackBull Markets account. They also have web and mobile versions, meaning that you can easily trade wherever you are. The group has several companies across the world, registered or regulated in multiple locations.

Despite all these tools, BlackBull Markets lacks an all-in-one platform like eToro, which would make trading more seamless, especially for beginners. There are over 60 forex pairs, 11 commodities, 17 cryptocurrencies, and 31 futures, but competitors like IG, CMC Markets, and Eightcap offer much more. There are no deposit fees, but withdrawals come with a $5 charge, plus possible third-party fees. You can choose from nine base currencies, including USD, EUR, and GBP, which is more than eToro, which offers me just three. Thankfully, live accounts allow more flexibility, staying open for up to a year without activity.