The broker offers the highly popular MetaTrader 4, MetaTrader 5, and TradingView platforms to trade on. Meanwhile, for equities, users can utilise its BlackBull Markets Share Trading Platform to trade. This plethora of choices allows traders of all backgrounds to use the platform seamlessly while being able to access the global financial markets with ease. The platform offers near-instant execution speeds, interactive charts, and direct market trading using prime liquidity providers.
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. FIX API trading solutions are available to institutional account clients. I find them to be up there with the very best brokers if you are looking for a secure and reliable trading environment.
CFD Trading Details
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. 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. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
- In addition to its New Zealand entity, BlackBull Limited Group has also established separate entities in the UK and Seychelles to serve its clients in those regions.
- Even with the zero commission ECN Standard account spreads start quite low at BlackBull Markets from just 0.8 pips.
- BlackBull Markets is also a member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme.
- While the trading conditions are not identical to a live one, BlackBull Markets should allow for longer than 30 days.
- Despite a growing product range on MetaTrader and support for social copy trading tools, BlackBull Markets falls behind the best brokers in several key categories, such as education and research.
- You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money.
If you are a high volume trader then you may be eligible for rebates and a more customised offering through the Active Trader Account. Even if trading in high volumes, you can still expect tight spreads and reliable execution speeds. All of the accounts are compatible with the MT4 platform and have convenient methods of deposit and withdrawal. You can limefx forex broker trade how and when you like, as all trading strategies are welcome including scalping, hedging and automated trading. 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.
How to open an account with BlackBull markets
However, negative balance protection is not explicitly stated in their legal documents due to the ability for it to be very easily abused. The specific trading tactics that abuse the protection are very easy to identify, and so they exclude clients who maliciously trade on their system from this protection. Furthermore, https://limefx.club/ uses Secure Sockets Layer (SSL) encryption to protect client information and transactions.
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. Indices are a market wide value of specified markets based on the relative value of companies within the market. They are traded as Contracts for Difference (CFDs) and commonly grouped together by similar industries. BlackBull Markets established relationships with ANZ Bank and the FSPR help to ensure that they maintain the highest level of security for clients. Company files and audits must be submitted every year with the majority of this information publicly available for you to check and falling under legal body oversight.
About BlackBull Markets
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. 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.
Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor. The one thing I could not find, which left me disappointed, was a reference to negative balance protection. It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker.
The mission of BlackBull Markets is to provide its clients with a superior trading experience through innovative trading technology and exceptional customer service. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. 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.
BBG Limited, which trades as BlackBull Markets, is regulated by the Financial Services Authority (FSA) in Seychelles under license number SD045. Withdrawals are usually processed within 24 hours on BlackBull Markets. BlackBull Markets follows well-established industry practices for onboarding new traders. The primary regulator of BlackBull Markets is the New Zealand Financial Markets Authority (FMA). It also maintains a subsidiary, BBG Limited, authorized by the Seychelles Financial Services Authority (FSA). Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
with BlackBull Markets
This is not always the case with other brokers, so it is a clear benefit of using this company. While using TradingView, we found it to be another reliable platform with plenty of technical analysis features. It is particularly suitable for traders interested in the social side of trading limefx review and those who look closely at what others in the market are doing. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.
IC Markets
Autochartist is a market analysis tool that uses advanced pattern-recognition technologies to uncover market possibilities. You can apply Autochartist’s knowledge to your favourite instruments today and begin receiving notifications when possible trade setups occur. 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). MT4 is the platform of choice for many traders and levels of expertise. It is known for its user-friendly interface, quick learning curve and highly customisable features to personalise your trading experience.
How Do I Open A BlackBull Markets Demo Account?
Trading costs are lower than average on its entry-level accounts and improve further on its commission-based accounts, but this is in exchange for very high minimum deposits. BlackBull also offers a great choice of trading platforms, including MT4, MT5, TradingView, its own in-house platform, BlackBull Trade, and an in-house share trading platform – BlackBull Shares. Education and market analysis are also good compared to other brokers, and deposits and withdrawals are free.
Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry. I found some of the additional questions unnecessary, as traders can fill them out as they wish, and there is no verification of the answers. BlackBull Markets includes the account verification with the account opening form, which I like, as it is a requirement and saves traders the extra step from the back office. New traders must submit a copy of their ID and a proof of residency document dated within the past three months.