BlackBull Markets Review in 2024 Spreads + Fees Compared

• Thiago Eleocadio
• 11 de março de 2022
• FinTech
• 0 Comments

I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. BlackBull Markets presents clients with two well-regulated subsidiaries. I’ve been with Blackbull for a while, after having a bad experience with other brokers. The interface is easy to use, deposits and withdrawals fast and easy with many xcritical courses scam different options.

Trading Platforms

BlackBull Markets maintains strict compliance standards regarding client fund protection in line with these financial authorities’ regulatory requirements. BlackBull Markets provides high-quality articles and daily news that shed light on xcritical global market trends and those of  New Zealand, the U.S. and more. This vital research resource is accessible under Trading Opportunities. Through its Economic Calendar, the broker provides information on scheduled global economic events and releases that can impact financial markets. This can help you to make informed decisions based on upcoming economic data.

Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution. MT4 remains the leader in algorithmic trading, but MT4 and MT5 support it, and both have a built-in copy-trading system. BlackBull Markets offers MT4/MT5 as a desktop client, webtrader, and mobile app. I like the spreads available at BlackBull Markets, which confirm the existence of institution-level pricing for retail traders. A typical raw spread of only 0.1 pips during the London/New York overlap is very competitive and an excellent offer from BlackBull.

For instance, the free VPS provides automated data backup, reducing slippage and latency by 30%. This VPS is provided by ForexVPS, with servers near relevant exchanges in New York, London and Japan to optimize execution speed and reliability. However, to enjoy the VPS service, a minimum deposit of $2,000 and monthly trading of 20 lots across forex pairs or metals are required. BlackBull offers an excellent forex and CFD trading environment, featuring extensive trading instruments and advanced trading platforms.

BlackBull Shares

In our 2024 Annual Awards, BlackBull earned Best in Class honors for our Offering of Investments category. That said, BlackBull still has room to further improve against the competition. We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would only improve its Trust Score. BlackBull Markets provides a straightforward account opening process with a focus on compliance and security.

BlackBull’s Proprietary Technology: BlackBull CopyTrader and BlackBull Trade

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. BlackBull Social is a powerful platform that allows you to execute trades following the strategies of master traders. The ultra-low latency ecosystem means copy-trades are executed as close to the masters as possible. You can leverage the broker’s interactive environment and advanced monitoring features to social-proof the strategies you choose to follow. Founded in 2014, Black Bull Group Limited (BlackBull Markets) offers access to thousands of instruments on industry-renowned and proprietary trading platforms.

It boasts 44 analytical charting tools, 21 timeframes and 38+ preinstalled technical indicators. It also features a depth of market (DoM), detachable charts, an integrated economic calendar and extra pending order types (sell stop limit and buy stop limit). 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.

1. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
2. I always recommend that traders check them before evaluating the total trading costs.
3. BlackBull Markets ensures seamless trading on the move with mobile apps for all its platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
4. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
5. I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided.

BlackBull’s fee structure is favorably structured for active traders, including discounts for high-volume trading. The average spread cost for the EUR/USD pair using a Prime account stands at 0.76 after factoring in commissions, which is about industry average. BlackBull Markets does not charge inactivity fees, account fees or fees xcritical reviews for deposits. 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 asset selection, especially for equity traders, ranks among the top 5 brokers within the retail Forex/CFD industry. 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. Key to our methodology is the emphasis on platform features, trading costs, and execution speeds.

I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based BlackBull Markets trading account. Trading with a regulated broker will limit the potential for fraud and malpractice.

Demo Account Review

The plugin, which is integrated with MT4 and MT5, scans the markets and alerts users to potential trading opportunities. MT4 and MT5 permit access to all trading indicators, drawing tools, and automated functionalities found within the web-based platforms. Clients using the ECN Prime account will incur tighter spreads from 0.1 pips, with commissions from $6 per lot. Advanced investors trading under the ECN Institutional account type can benefit from negotiable commission rates and spreads from 0.0 pips. The terminal provides access to 12 chart types, 100+ pre-built indicators, 50+ drawing tools and multi time-frame analysis. This includes comprehensive price analysis, the use of algorithmic trading applications and copy trading.

These demo accounts provide a risk-free environment for traders to hone their skills and test strategies on different platforms offered by BlackBull Markets. BlackBull Markets offers negative balance protection, which ensures you won’t lose more than you deposited during widespread market volatility. If you’re a margin trader, check that your broker has this protection, as it can help minimize risk. BlackBull’s educational hub boasts libraries on forex, crypto, commodities and stocks neatly divided into Beginner, Intermediate and Advanced sections. This outstanding educational approach ensures that every trader, regardless of experience level, can learn and continually update their trading knowledge.

BlackBull Markets also supports social trading through market leaders ZuluTrade and Myfxbook Autotrade. That’s in addition to connecting your accounts to TradingView’s active community of 30M+ traders. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. BlackBull Markets offers an impressive selection of trading tools to enhance clients’ trading experience.

It is a wonderful choice for traders that demand superior market access and tools. The cTrader is another popular, sophisticated and feature-rich platform that provides traders with a fantastic and hassle-free trading experience. Its range of advanced trading infrastructures seems built for high-precision and ultra-fast trading execution, making it an important addition to ECN/NDD brokers like BlackBull Markets. If you’re a beginner, consider using MT4 till you become very comfortable using advanced trading platforms like cTrader.