Ten popular indices are available through futures contracts, including Japan 225, NAS100, Dow Jones 30, Dollar Index, SPX500, Germany 30, and UK100. Before the 90-day grace period expires, the broker will notify you about the upcoming charge. If your account stays dormant, you will be charged a $5 inactivity fee for each subsequent month.
KYC Procedure for Account Creation and Depositing
Expect responsive service designed to keep your trading smooth under 🇳🇿 trusted oversight. To withdraw funds, log in to your Secure Client Area, go to ‘My Wallet,’ select the account, choose ‘Withdraw Funds,’ pick your payment method, enter the amount, and confirm. Most methods process instantly or within a few business days with no hidden fees. Licensed by 🇸🇨 Seychelles FSA, its proactive AML/CFT framework and privacy protections keep client funds and information safe. Traders can feel confident knowing their brokerage stays accountable and above board. After your funds are deposited, you can access your trading platform (such as MetaTrader 4, MetaTrader 5, or cTrader).
Forex Risk Disclaimer
The BlackBull Markets mission is to provide traders with a superior trading experience through innovative technology and exceptional customer service. Our mission is to provide traders with a superior trading experience through innovative technology like cTrader, and exceptional customer service. Download, fund, and manage your trading accounts with our Secure Client Area (SCA) mobile app. BlackBull Markets’ educational and research materials are also diverse and highly informative. Experienced traders can benefit from advanced market analytics, while beginners can learn from the wealth of articles, videos, platform tutorials, and in-house podcast.
TradingView stands out with its charting and social trading tools, and cTrader impresses with sleek design, advanced charting, and Level II pricing. The MT4 trading platform has an intuitive user interface, which makes it easy for traders to navigate through the platform. It is replete with essential trading features and functionalities, such as one-click trading, drawing tools, expert advisors, interactive charts, technical indicators, and more. Thanks to MT4’s fully customizable design, traders can configure the platform to suit their trading needs. This is unlike most financial firms that would charge a certain amount on trading accounts after a prolonged period of inactivity.
In exchange for a substantially higher deposit barrier, BlackBull Markets’ ECN Institutional Account offers the most competitive trading conditions of all three main account types. Traders wishing to benefit from spreads starting from 0.0 pips, combined with a commission of $4 per round turn, must make a minimum qualifying deposit of $20,000. This account has been designed for high-volume traders and professionals seeking the most competitive trading conditions.
The support team helps with getting started, platform navigation, deposits and withdrawals, and market-related questions. They also provide trader tools and calculators, plus answers to common FAQs, offering complete guidance for all experience levels in a secure, regulated environment. BlackBull Markets provides access to industry-leading platforms including MetaTrader 4, MetaTrader 5, cTrader, TradingView, CopyTrader, and BlackBull Invest. These platforms combine institutional-grade conditions with user-friendly tools, making them ideal for beginners and advanced traders wanting control and flexibility. BlackBull Markets keeps entry easy with no minimum deposit for Standard Accounts. More advanced traders can choose Prime or Institutional Accounts for better pricing and execution, backed by 🇳🇿 New Zealand’s regulated environment and robust tiered account options.
- Unlocking the VPS service requires a paid subscription, which starts at $30 per month.
- All three support micro lots, with the minimum size for contracts being 0.01 lots.
- This means that you can trade using micro lots, equivalent to 1,000 units of the base currency, which is the same as trading with a 0.01 lot size.
- This makes them a reliable choice for traders looking to benefit from their ECN technology and competitive trading conditions.
BlackBull Markets Non-Trading Fees
BlackBull Markets is a Forex broker that gives you a wide range of instruments to trade besides Forex. With over 26k tradable assets, you won’t have a hard time finding an instrument that matches your trading style. This broker is an ECN broker, meaning that it uses electronic systems to match buy and sell orders in financial markets. While there are no deposit fees, the withdrawal charges can be annoying, especially compared to brokers offering free withdrawals. Due to AML / CTF laws, BlackBull Markets cannot deposit funds to third parties. As a result, all money withdrawn from your account must go to a blackbull markets review bank account in the same name as your BlackBull Markets trading account.
- When combined with the broker’s aggregation system, the ECN ensures that the liquidity providers directly compete to guarantee clients the best trading experience.
- The broker provides various accredited retail trading accounts, all with no minimum deposit requirement.
- The Standard Account, similar to all other supported types, provides cost-efficient trading across various asset classes, including Forex, Indices, Commodities, Shares, and crypto.
- Recognised for the unique balance of these advanced trading tools and its user-friendly design, the platform is a top choice in the Forex world.
The broker lacks strict regulation from tier-1 regulatory authorities like the CFTC, ASIC, and FCA, which limits the availability of additional safety tools for non-New Zealand traders. BlackBull Markets is a trading name of the BlackBull Markets Group, which is registered with the New Zealand Financial Services Provider Registry (FSPR). It holds a derivative issuer license issued by the Financial Markets Authority (FMA).
Convenient Features
Active since 12 August 2020, the above Derivatives Issuer licence allows the broker to offer derivatives trading services to retail and professional customers in New Zealand. Unfortunately, clients of the broker may be charged some non-trading fees, with dormant accounts being charged a $5 inactivity fee. What is more, withdrawals, no matter the selected payment method, will also incur a $5 fee. Other than that, there are no other surcharges that may affect the trading cost at BlackBull, making one’s experience with the broker very cost-effective.
The ECN Standard and ECN Prime accounts support swap-free trading, which is exclusively available to eligible clients from certain Muslim countries. To fund your account and go live with your trades, however, you will need to meet different minimum deposit requirements. The ECN Standard, ECN Prime, and ECN Institutional have a minimum deposit condition of $0, $2,000, and $20,000, respectively. With no proprietary mobile app available, BlackBull Markets trails behind industry leaders such as IG and Saxo. Despite that omission, BlackBull continues to launch additional third-party trading platforms that steadily improve its offering, including TradingView.
BlackBull Markets provides reliable 24/7 customer support via live chat, email, and phone. Help is available in several languages, including English, French, and Chinese. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. In my estimation, cTrader is the most well-balanced trading platform available for retail trading.
BlackBull is a New Zealand-based forex broker that has been catering to the trading needs of its clients since 2014. Regulated by the top-tier Financial Markets Authority (FMA) in New Zealand, this firm offers a secure and reliable platform for traders to navigate the financial markets. BlackBull offers an excellent forex and CFD trading environment, featuring extensive trading instruments and advanced trading platforms. It is a wonderful choice for traders that demand superior market access and tools.
The broker adheres to the strictest safety regulations, such as ensuring negative balance protection, and is overall fairly transparent and trustworthy. The broker incorporates market research from Myfxbook and also develops excellent research content in-house. However, I would have appreciated the inclusion of content by Trading Central or Autochartist for additional nuance and depth. Each broker has its strengths and focuses on different aspects, so it’s essential to consider your specific trading needs and preferences when choosing a broker. BlackBull Markets accepts residents from all over the world except some specific countries.
This is because of the tighter spreads and low commission fees, especially for the ECN Institutional account. As per this offer, to receive a refund on the TradingView Essential plan, which costs $14.95, customers must trade a minimum of 1 lot per month. The TradingView Plus plan’s cost, $29.95, will be credited on the condition that users have traded 5 lots per month. Finally, TradingView Premium, which costs $59.95, becomes free for those who have traded 10 lots per month. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
Alongside this, advanced electronic protections and internal protocols ensure that client details stay secure, upholding trust and integrity in all operations. BlackBull Markets operates in a regulated environment, which requires strict adherence to financial and operational standards. Milford Asset Management will collaborate with BlackBull Markets to continue delivering exceptional value to our clients. We offer stocks across 27 global markets like Apple, Alibaba, BMW and Netflix. The domain blackbull.com is registered under our company, Black Bull Global Limited.
BBG Limited, also operating under the BlackBull Markets brand, is registered under the laws of Seychelles and headquartered at JUC Building, Office F7B, Providence Zone 18, Mahé, Seychelles. The company is authorised by the Seychelles Financial Services Authority (FSA) to provide investment services under Securities Dealer licence number SD045 to international customers. The Seychelles regulator imposes compliance measures such as client fund segregation and maintaining operational transparency. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you.