BlackBull Markets Review 2024: Pros & Cons

Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Founded in 2014, BlackBull Markets are an award-winning online broker based in New Zealand who offer institutional grade trading conditions on user-friendly platforms, specialising in Forex and CFDs. It doesn’t matter what your investment size is, all clients get an institutional level of treatment, regardless of your background. They are constantly furthering and bettering their brokerage service to the benefit of their clients. If you are still unsure whether they are a suitable option, you could always open a demo account and download the MT4/MT5 platform to see if they meet your expectations. Demo accounts are available if you would like to test the different trading platforms and conditions before opening a real account.

With our finds, we see BlackBull Markets provides quality trading conditions and is a fully regulated broker. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. The broker’s education offering is not as comprehensive as we would have liked. Traders can also open a demo account to practice trading on the broker’s platforms and test their trading strategies.

  1. You can create a PsyQuation account and link it with your MT4 account.
  2. As well you may see more spread examples below and compare fees to another popular broker Pepperstone or other competition shown on the table below.
  3. I did find some interesting articles that helped make me aware of some potential market moves that I would have otherwise overlooked.
  4. 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.

The broker charges stable spreads on stocks and indices, and we discovered that the spreads on the tested instruments were lower than industry benchmarks. The broker provides daily market update videos published on its YouTube channel and live streams longer session covering new economic releases in a live-trading-room format. Traders who prefer a modern platform should try the MT5 platform since the MetaTrader 4 forex trading platform is a bit dated. BlackBull Markets offers a bonus programme to its clients with a maximum payout of $250. The broker’s collection of instruments is lower than those offered by the top brokers. BlackBull Markets charges other non-trading fees, including deposit and withdrawal fees.

Is BlackBull Markets safe?

I much prefer to have an understanding of the market that I am trading and place my own trades. A VPS can be customised to your requirements and reduce latency by up to 30%. They are often used by traders who cannot afford any downtime (99.99% uptime) or who need to run the trading platform 24/7, usually when running an expert advisor (EA). The MT4 platform itself is packed with more tools than most traders need. You can even expand its capabilities with free and paid tools available from the MQL marketplace which you can easily access from within the platform itself. Not to mention, you can find a practically endless amount of MT4 tools online.

BlackBull Markets is considered a safe broker with an overall trust score of 37. The broker is regulated by the Financial Markets Authority (FMA) in New Zealand and holds an offshore license issued by the Seychelles Financial Services Authority (FSA). This dual regulation adds a layer of trust and security for traders. These tools collectively offer BlackBull Markets’ clients a range of options to automate, analyse, and optimise their trading activities.

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. Clients also get personal account managers that are on hand to assist when need be.

Popular Forex Guides

They have a great selection of forex currency pairs and some major stock indices. Whilst they offer the MT4 platform which has a vast collection of inbuilt tools, BlackBull Markets do not provide many other in-house stand-alone trading tools. Instead, they focus on offering additional services via partnerships with free access available to qualifying BlackBull Markets clients.

Markets and Products

Yes, based on your detected country of NL, you can open an account with this broker. BlackBull Markets offer energies such as natural gas and oil with a low-cost pricing model and flexible leverage. Indices are a market wide value of specified markets based on the relative value of companies within the market.

What Demo Account Does BlackBull Markets Offer?

Founded in 2014, BlackBull Markets are an award-winning online broker based in New Zealand specialising in Forex and CFDs. They are a great choice for those of you who want to trade with institutional grade conditions in a regulated environment. They provide you with an enjoyable trading experience that includes user-friendly trading platforms, tight spreads, low fees, rapid trade execution speeds and excellent customer support.

Blackbull Markets provides social trading support with ZuluTrade and Myfxbook. I find them to be up there with the very best brokers if you are looking for a secure and reliable trading environment. The customer support has always been excellent in my experience whilst the trading conditions are comparable to industry leaders such as IG.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). 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). In May 2023, BlackBull Markets received an investment from Milford Asset Management, a prominent private equity firm in New Zealand, which included the appointment of an independent Chairman.

This makes it easy for you to hook up the platform and follow other traders. You can copy the trading activities of thousands of registered and skilled forex traders. BlackBull Markets’ clients may tailor trades to their preferences and risk tolerance by utilising ZuluTrade’s own performance evaluation algorithm as well as input from ZuluTrade’s informed community. BlackBull Markets offer a FIX API option for clients who wish to use their own FIX application. This allows you to bypass the MT4 application and trade with Direct Market Access (DMA), connecting directly to the ECN grid.

Piattaforme di trading

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 pricing structure with any of the Standard, Prime or Institutional account types. People who write reviews have ownership blackbull markets review to edit or delete them at any time, and they’ll be displayed as long as an account is active. Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

For example, the addition of quizzes and progress tracking features could help BlackBull further improve its educational offering for retail traders. has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. If you just want to trade forex on the MT4 platform, then BlackBull Markets will do the job. They also provide the MT5 platform which is ideal for trading stocks. Then there is ZuluTrade for anyone who is interested in social trading and copying the trades of others.

Along with its advanced and competitive offering as we discover in our review, BlackBull also supports educational resources suitable for traders of different levels. Moreover, you may access social trading through leading software including ZuluTrade and Myfxbook. The platform offering as a part of the BlackBull Markets Review shows us a choice between industry leader MetaTrader4 and its next version MetaTrader5. Both offer a super convenient option between powerful conditions and user-friendly interface, both are suitable either for beginners or professionals making software a pleasant partner in your trading journey.

Resuming the production of live streams would be a step in the right direction for BlackBull Markets, along with a general expansion of daily content. Traders can trade precious metals such as gold and silver which can help diversify a trading portfolio and are often seen as a safe-haven to some. Although the Autochartist tool is great, it is not unique to BlackBull Markets. They work with plenty of other brokers if this software is something you would find useful.