BlackBull Markets Review 2023 Institutional trading conditions

andreagrossioForex Trading

blackbull markets review

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an scammed by limefx overall rating based on our findings. We aim to help you find the best broker according to your own needs. Accounts can be opened in AUD, USD, EUR, GBP, CHF, JPY, NZD, CAD, SGD, HKD.

Never late paying withdrawals, never having problem with the server connectivity and most importantly, never disturb my trades.I like and love it but that just for my own. It has been a bit of learning for me and the Blackbull support team has been very helpful with sorting out problems and answering questions. In particular I want to compliment Rafail for his friendly and helpful service.

BlackBull Markets offers many videos demonstrating how to use the trading platform, including detailed guides on how to configure templates in MT4, use technical tools and customize the platform. The most important concepts are explained in the Trading Glossary. Myfxbook is a social trading site, which allows users to share, analyze, track and compare their trading activities. It also allows users to set up auto-trading to follow selected traders. Myfxbook is an affiliate of BlackBull Markets and MetaTrader 4 is fully integrated with the Myfxbook system.

Market Reviews

While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating a potential pause in buyer activity. Gold’s Reaction to Upcoming Non-Farm Payrolls

Gold trading faced headwinds on Wednesday as the U.S. dollar strengthened despite Fitch’s downgrade of the U.S. credit rating to AA+ from AAA. Investors seemed unfazed and focused on positive data from the ADP National Employment report that might possibly indicate a larger-than-expected Non-Farm Payrolls report this… Gold is possibly still within its descending channel, though it has discovered a foothold at $1885 and demonstrated an upward shift this week due to a decline in bond yields. However, the anticipation is for the Fed funds rate to remain higher for longer, so gold’s upside potential might be short-lived.

  • We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
  • Blackbull Markets offers 3 accredited retail trading accounts with a minimum deposit of $1 USD.
  • The broker does require a minimum deposit of $1 which is the lowest you will come across.
  • I like the digital payment options as I tend to make deposits and withdrawals to and from my trading account via eWallets.

The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. Customer support is available globally 24/7 via online chat, telephone and email. With global offices, they have representatives in each major market to offer support and answers to general and technical questions.

Popular Forex Guides

If you want to run your platforms 24/7 then there is a handy Virtual Private Server (VPS) option. Black Bull Group Limited is a registered Financial Services Provider (FSP403326) and holds a Derivative Issuer Licence issued by the Financial Markets Authority. The Financial Markets Authority is the government agency responsible for regulation of financial markets in New Zealand. I am personally satisfied with this regulation although it would be ideal if they could expand regulation into other jurisdictions in the future. Our ultimate guide to the BlackBull Markets minimum deposit is updated regularly. If the balance on your account goes negative, it will be covered by the broker.

blackbull markets review

The trading accounts provide deep liquidity from multiple banks with raw interbank spreads that start from just 0 pips. This is great if you are using scalping strategies or automated systems that need the lowest spreads possible. PsyQuation can analyse your trading, advising you on weak areas and ways in which they can be improved. You can set goals, control your trading via the dashboard, gain useful insights and set notifications.

How to open Account

At the same time, the institutional account requires a minimum deposit of $20,000. You could also consider Fusion Markets as they have a $1 minimum deposit requirement. The broker’s blog is replete with several trading articles on market reviews and expert analysis.

blackbull markets review

BlackBull Markets is a maturing broker that has been in operation for nearly a decade and has made great strides over the last 12 months toward improving its value proposition to traders and investors. That said, BlackBull still has some room to grow in order to become more competitive. We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would only improve its Trust Score. I am fascinated by the high level of customer service provided by Caroline. She took time to explain in details my enquires and resolves my doubts on pending observations. Blackbull however also offer fully functional servers at data centres in London, Japan, Hong Kong and Shanghai which may be used where execution speeds or quality may be better.

BlackBull Markets Spread

While the MT4 serves as the FIX or coding protocol for placing orders live on the market, the FIX API is provided for traders who wish to use their own FIX application. It offers direct market access (DMA), allowing traders to connect directly to the broker’s ECN network with faster speeds and lower latency. This can be a great solution for those of you who are running HFT strategies and automated systems that need the best pricing possible. If you are specifically looking for API trading, then FXPIG might be worth a look. BlackBull Markets is an award-winning CFD broker based in New Zealand that was founded in 2014. You can trade a variety of assets, including stocks, indices, commodities and cryptocurrencies- all from a single interface.

As a company registered with FSPR, BlackBull is required to be a member of an independent dispute resolution scheme. Blackbull Markets participates in the Financial Services Complaints Limited (FSCL) dispute resolution scheme. In the event a dispute between the client and BlackBull arises, FSCL will be able to help resolve disputes in an impartial manner. But the most important reason is to consider MT5 over MT4 is because MT4 no longer receives new development and limited support from its developer, Metaquotes. This means in time, more people will use MT5 as MT4 becomes outdated and eventually obsolete. We explore the three accounts below that all use an ECN execution model.

This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest. Provided you can prove you are of Islamic faith, you will be able to use this account with any of the Standard, Prime or Institutional accounts. Traders living in Malaysia will automatically be assigned an account that meets sharia law requirements. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Traders can use these tools and resources to help manage their risk, and also get access to educational material and other resources.

BlackBull Markets Reviews

This is a powerful chart analysis tool that can scan multiple instruments and timeframes for actionable trading signals. It uses a combination of technical analysis, fundamental analysis and price action patterns. BrokerNotes is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors. We are obsessed with creating the best finance content on the internet, and we are dedicated to helping our readers make great choices for their money. In terms of mobile charting indicators and studies BlackBull Markets has 30, compared to the industry average of 42. Mobile charting indicators can be a useful tool to help traders analyze price trends, identify potential entry and exit points, and make informed trading decisions.

How does BlackBull Markets make money?

Looking at our database, the average forex broker offers 6 of the 11 features variables we track in the commissions & fees category, and has average spreads of 1.04 when trading the EUR/USD. BlackBull Markets offers 7 of the 11 features, while offering average spreads of 0.827 which helped contribute to the broker ranking #21 out of 62 brokers in this category. Blackbull Markets is a reputable trading broker that has been operating since 2014.

Clients also get personal account managers that are on hand to assist when need be. Economic calendars can be great tools for conducting fundamental analysis. Therefore, I would always combine fundamentals with other technical indicators in the MT4 platform and price action patterns using candlestick charts to give my trading strategy that extra edge. MT4 is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).