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. After almost two years of trading, they decided to remove all profits (10k). They never bothered to show any evidence, or give a detailed explanation. All they said was that my trading account “appears to exploit specific market conditions”.
For market orders, their speed was 90 milliseconds, 36.2% quicker than the industry average of 141 milliseconds. This places BlackBull Markets at the forefront in terms of execution speed compared to other brokers. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I decided to trading with a different broker that is local and required assistance with set-up, Rodolfo was extremely polite and answered all my questions clearly. He provided links for videos to assist me and eplain everything make it all sound less complex.
- This places BlackBull Markets at the forefront in terms of execution speed compared to other brokers.
- The ECN Standard Account, with no commissions and wider spreads, is typically preferred by beginner traders.
- BlackBull Markets offers trading platform demo accounts to allow traders to practice and familiarise themselves with the platforms before trading with real funds.
- MT4 remains the leader in algorithmic trading, but MT4 and MT5 support it, and both have a built-in copy-trading system.
- We scrutinise brokers based on their regulatory compliance, historical performance, and international presence.
BlackBull Markets also supports API trading and offers VPS hosting, making it ideal for advanced algorithmic trading. 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. BlackBull Markets’s standout feature is its ultra-fast order execution, a critical advantage for many traders wanting to avoid slippage.
Demo Account
All BrokerNotes content is researched, fact-checked, and edited by the research team. BlackBull is a broker considered to be of “Average Risk” with a trust score of 78 based on rankings from ForexBrokers.com, providing a relatively secure trading environment. BlackBull Markets offers 24/7 customer support xcritical reviews via live chat, email, and phone, ensuring clients have continuous access to assistance. BlackBull Markets trading experience is further enhanced by their use of Virtual Private Servers (VPS) in partnership with BeeksFX and BeekFX, reducing trading latency by up to 30%. This reduction is vital for strategies like scalping and automated trading, as it minimises slippage risks and ensures accurate trade execution.
Can you trade crypto with BlackBull Markets?
This process ensures an accurate and up to date analysis of brokers spreads. Also available is TradingView, a popular trading platform that delivers a range of powerful charting functions and robust analysis tools. More recently, BlackBull further expanded its platform offering with the addition of its web-based BlackBull Trade platform powered by DXTrade. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Here is a screenshot of the BlackBull Markets MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
Use the calculator below to compare BlackBull Markets’ trading costs with competitors like City Index and IC Markets. Adjust for trade size, currency pair, and base currency to see how BlackBull Markets stacks up against these brokers in terms of trading expenses. The ECN Standard Account, with no commissions and wider spreads, is typically preferred by beginner traders. The ECN Prime Account, offering lower spreads with commission fees, is ideal for experienced, high-volume traders. For those seeking customised solutions and lower commissions, the ECN Institutional Account is the best fit.
Customer Support
This is definitely one of the most useful tools they provide but it’s only available in their share trading platform. We used demo accounts across various top brokers for uniformity, focusing on both limit and market orders. The testing involved MT4 Expert Advisors specifically designed for these order types, which measured the time between order placement and execution. In our 2024 testing, BlackBull Markets not only outperformed industry standards but also emerged as the broker with the fastest execution speed among all those tested. They achieved an average limit order speed of 72 milliseconds, which is 44.6% faster than the industry average of 130 milliseconds.
BlackBull Markets, established ten years ago in Auckland, New Zealand, is still expanding its international presence, evident from a monthly search volume of 8,100. Despite this, it is a leading broker in New Zealand that is highly regarded in the local market. BlackBull Markets achieves rapid order execution through globally distributed servers, including the NY4 Equinix data centre in New York and others in London, Japan, Hong Kong, and Shanghai. These tools collectively offer BlackBull Markets’ clients a range of options to automate, analyse, and optimise their trading activities. BlackBull Markets provides three account types with distinct pricing structures. Read our full explanation and accounting of our research and testing process to learn more about how we test.
Separate from their CFD trading, BlackBull Markets also provides a share trading facility allowing direct investment in company shares. BlackBull Markets offers over 26,000 different financial products to choose from. Although 20 different payment methods are offered, availability varies depending on your location. For instance, New Zealanders aren’t offered cryptocurrency as a payment method, yet the only country able to use POLi. No minimum deposit is required to open an ECN Standard Account, while a $2,000 deposit is needed to open an ECN Prime Account and $20,000 for an ECN Institutional Account.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. BlackBull Markets provides a great asset offering (especially in shares) and a great selection of trading platforms (MT4, MT5, TradingView and IBKR).
BlackBull supports a variety of funding methods, including bank wires, Neteller, and credit cards, providing flexibility for deposit and withdrawal options. The mobile trading apps from BlackBull are functional, providing adequate tools for trading and monitoring markets from mobile devices. All their platforms are not built by themselves, yet, they are amongst the industry leaders when it comes to online trading. No, there are a few brokers regulated by the Financial Markets Authority (FMA) which is the oversite for financial markets in New Zealand. BlackBull Markets is considered a safe broker with an overall trust score of 37.
Forex commissions at BlackBull Markets are between $4.00 and $6.00 per 1.0 standard round lot, dependent on the account type. BlackBull Markets makes money from spreads, commissions, and swap rates on leveraged overnight positions. Regrettably, BlackBull xcritical official site Markets limits its demo account to just 30 days, and it is only available on the MT4 trading platform. While the trading conditions are not identical to a live one, BlackBull Markets should allow for longer than 30 days. Inside the support section of BlackBull Markets website’s menu, there is an area called “Market Reviews” where they provide a daily analysis of a few assets of their own choice.
Each year, we collect thousands of data points and publish tens of thousands of words of research. 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.