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. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
How Do I Open A Live Account With BlackBull Markets?
They achieved an average limit order speed of 72 milliseconds, which is 44.6% faster than the industry average of 130 milliseconds. 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.
How Brokers Are Scored
- BlackBull Markets is considered a safe broker with an overall trust score of 37.
- Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions.
- Founded in 2014, Black Bull Group Limited (BlackBull Markets) offers access to thousands of instruments on industry-renowned and proprietary trading platforms.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research scammed by xcritical on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). FIX is the coding protocol used to place trader’s orders live on the market and MT4 is the FIX application that BlackBull Markets uses. However, some traders require the use of their own FIX application, and for this purpose, BlackBull Markets offers a FIX API. FIX API allows institutional clients to bypass the BlackBull MT4 application and connect directly to the ECN grid using their own FIX. It essentially allows low latency trading and faster trade execution speeds.
ECN Standard account is commission-free, meaning the total trading cost is 0.8 pips. This account gives access to all tradeable instruments at a deposit of just $50, which is equivalent to R800 ZAR at the time of writing. It is commission-free and ideal for traders looking for a Forex experience with excellent value. 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. Founded in 2014, Black Bull Group Limited (BlackBull Markets) offers access to thousands of instruments on industry-renowned and proprietary trading platforms.
Other cTrader features, like an integrated economic calendar, mirror those of MT5 platforms. CTrader is compatible with Mac and portable iOS devices, as well as Windows desktops and Android devices. BlackBull Markets fees are reasonably standard while trading conditions are very good. The range of assets offered is not highly diverse, making BlackBull Markets more suitable for traders happy to focus on Forex, the major metals, energies, and major stock indices only. This social element also enables traders to leave feedback and share ideas with others. The minimum deposit required to open the account is only $ 200/R3 200 ZAR.
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. The average spread figures for BlackBull Markets are derived through a monthly comparison of published fee data and real-time testing on live accounts. This process ensures an accurate and up to date analysis of brokers spreads.
Although TradingView is a browser-native platform, it is available for mobile devices such as iOS and Android. The broker is fully regulated by the New Zealand Financial Markets Authority (FMA) and Seychelles Financial Services Authority (FSA) and offers negative balance protection. Account setup is fast and hassle-free, and traders are assigned dedicated managers.
BlackBull Markets Payment Methods
BlackBull Markets provides a great asset offering (especially in shares) and a great selection of trading platforms (MT4, MT5, TradingView and IBKR). Their commissions and spreads are definitely competitive ones and all their accounts operate under the ECN model. We consider them a great choice for intermediate to experienced high volume traders, on the other hand, for beginners they’re lacking better account options and more educational tools. BlackBull’s FIX API facilitates ECN integration and direct market access (DMA) by directly connecting institutional traders to BlackBull Markets’ bridge provider.
Suppose you’re an experienced or beginner trader looking for a reliable and trusted online forex trading broker to kickstart your journey. BlackBull Markets caters to causal beginner traders and demanding active traders alike. While the trading technology and infrastructure remain market-leading for all traders, the trading costs and services differ, but all three BlackBull Markets account types compete at the top tier. BlackBull Markets offers full support for Metatrader 4 and Metatrader 5, some of the world’s most popular trading platforms. However, some brokers offer their own proprietary platforms which are generally more beginner-friendly and easier to set up.
All their platforms are not built by themselves, yet, they are amongst the industry leaders when it comes to online trading. We found this personalised support a welcome development in an industry where the client is usually just another number on the books. Like most other brokers, BlackBull Markets also provides an economic calendar with the dates and times of economic news releases. As with xcritical scammers the Zulutrade platform, clients will have to contact Myfxbook directly to find out about the costs of using the service. The minimum and maximum deposit limits vary slightly across each method. As a standard practice, you make withdrawals using the same deposit method.
Complete the online registration form and submit your ID verification. Keep an eye on the latest session timetables via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays. Note, Islamic accounts and Active Trader accounts are available for eligible clients.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Overall Blackbull Markets review shows they are a good choice for New Zealanders wanting a forex broker that offers FMA regulation and has ECN trading with low spreads. Something that doesn’t appear readily available from brokers with a derivatives trading licence from the FMA.
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. 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. Use our country selector tool to view available brokers in your country. Thats a question for the broker to answer but generally speaking, it wont matter where you trade from. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and xcritical networks. Ida’s passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders. Like its approach to educational content, BlackBull Markets offers little in the way of market analysis.
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. BlackBull Markets also boasts some of the most advanced and intuitive trading technologies, with robust features and sufficient assets to cater to diverse trading preferences. Thanks to its cutting-edge Equinix server, BlackBull Markets offers near-instant execution.
