Blackbull Markets Review – Top Reasons To Select This Broker

Blackbull Markets Review

The possibility of malpractice will be reduced when trading with a licensed broker like Blackbull Markets. I usually advise traders to look for regulation and confirm it with the regulator by cross-referencing the given license with their regulatory database. BlackBull Markets offers 2 subsidiaries that are subject to strict regulations. Read this Blackbull Markets Review to learn more.

The Blackbull Markets is regulated by New Zealand’s FMA regulation authority.

Trading Assets

Blackbull Markets offers assets in the following areas; metals, indices, commodities, shares, oil, CFDs, and EFTs.

High Leverage

For Forex traders, BlackBull Markets offers maximum leverage of 1 to 500 in addition to gold and silver. Oil and indices are still restricted to 1 into 100.

Demo Account

Along with real trading account BlackBull Markets offers a 30-day demo account, and it can only be used with the Metatrader 4 trading platform. BlackBull Markets should permit for more time than 30 days, despite the fact that the trading conditions do not exactly match those of a real market. The demo balance range for traders is $5,000–$100,000.

Trading Platforms

BlackBull Markets provides users with the standard MT4/MT5 trading platforms, improved with the Autochartist plugins, which help manual traders by automatically identifying chart patterns and setting up trades. I would prefer to see a proprietary solution because it is a FinTech firm.

Although both MT4 and MT5 feature an integrated copy-trading mechanism, MT4 continues to be the market leader in algorithmic trading. BlackBull Markets provides desktop clients, web traders, and mobile apps for MT4/MT5.

Customer Support

Customers can reach customer service 24/6 via live chat, which is the easiest way for me to interact. There are also a few e-mail addresses provided, one of which has support for Chinese, a phone number with a toll-free number for New Zealand, and a mobile number. I value BlackBull Markets’ openness because complete and accurate contact data is provided.

In its FAQ area, BlackBull Markets provides some answers as well as a thorough description of its goods and services. So, in my opinion, the majority of traders won’t need help unless anything serious happens. In this situation, BlackBull Markets makes sure a customer support agent is on hand.

Promotions and Bonuses

BlackBull Markets doesn’t really bonus, but it does have an Active Trading Account where qualified traders can receive benefits like reduced commissions or free VPS hosting in exchange for signing up. I do not view the lack of incentives for new retail traders as a drawback given the good trading infrastructure and reasonable trading expenses.

Account Registration

BlackBull Markets’ account opening process is admirably quick and adheres to industry norms for the retail forex sector. Some of the other questions, in my opinion, are unnecessary because traders are free to answer them any way they choose and there’s no way to check their accuracy.

I like that BlackBull Markets provides the account confirmation form with the trading account registration form because it is a necessity and saves users from having to go through an additional step in the back office. A copy of an ID and a residency document from within the last 3 months are required for new users.

Payment Procedures

The following payment methods are offered to traders on BlackBull Markets: bank wire transfers, credit cards, debit cards, Neteller, Skrill, China Union Pay, and FasaPay.

Conclusion

BlackBull Markets’ low-cost structure and superior trade execution make it a good place for traders to trade. BlackBull Markets is the best option for sophisticated algorithmic trading because it also allows API trading and provides VPS hosting.

The asset selection, particularly for stock traders, places the broker among the top 5 brokers in the market. The 2,000 USD minimum deposit requirement for the ECN account is a bit high but is still reasonable. Generally, BlackBull Markets’ basic trading environment is excellent, and I consider it to be a top option for selective equities traders and forex traders.