It features spreads starting from 0.0 pips (ultra-raw spread), a $4 per lot commission and a $20,000 minimum account requirement. That is, a total trading cost of $4, which is low compared to the other accounts. CFD trading lets you profit from rising and falling markets by entering into contracts with a broker to exchange the difference in an asset’s value between the opening and closing of the trade. BlackBull Markets offers competitive spreads and commissions across its three account types. The ECN Standard account has spreads starting from 0.8 pips and no commission. In addition to major forex pairs and commodities like gold and oil, BlackBull Markets also offers a selection of cryptocurrencies and indices, including the NASDAQ and Dow Jones 30.
Is there a minimum deposit requirement with BlackBull Markets?
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. From the above comparison, it can be deduced that the ECN Prime account offers cheaper trading costs and the lowest trading expenses are paid by ECN Institutional account holders. This is because of the tighter spreads and low commission fees, especially for the ECN Institutional account.. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
Inactivity Fees
Clients must contact the broker’s customer support to request further assistance. According to my live tests, BlackBull Markets’ ECN Standard and ECN Prime accounts have pricing mechanisms that meet the industry average. The ECN Institutional account offers much more competitive conditions, but it also has a relatively high deposit requirement of $20,000.
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. The table above shows that the spreads offered by BlackBull Markets Standard ECN Account are more or less within the range of those offered by its competitors, such as IC Markets and Fusion Markets. The broker also tends to offer lower spreads on its no-commission account compared to the standard account of IG. 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.
The MT4 and MT5 Android apps require Android 5.0 or a later version, while the iOS apps require iOS 12.0 or a later version. ZuluTrade is a world-leading, peer-to-peer, social trading platform that can be used to copy the trading strategies of thousands of registered, talented currency traders from 192 countries. This is a popular charting and social trading platform that combines advanced market analysis tools with an active trader community. Over the years, BlackBull Markets has grown into a popular ECN broker, serving thousands of clients from over 180 countries across the globe. In addition to their head office in New Zealand, BlackBull Markets has launched representative offices in New York, London, Jakarta, and Kuala Lumpur. Their clients enjoy institutional-grade trading conditions, such as low spreads that start from 0.0 pips, lightning-fast execution speeds, zero deposit fees, multiple account types, and low trading fees.
- The broker offers various account types, dedicated 24/7 online support, and high leverage.
- A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
- BlackBull Markets offers low spreads for the ECN Prime and ECN Institutional account types, but the Standard ECN account has marked-up spreads.
- In addition to its excellent email support, BlackBull Markets provides an outstanding live chat service.
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The wide variety of payment methods ensures that traders from various regions can easily fund their accounts and access their earnings. With instant deposit options and low fees for withdrawals, BlackBull Markets stands out for its commitment to customer convenience and transparency. Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
BlackBull Markets Non-Trading Fees
New traders must submit a copy of their ID and a proof of residency document dated within the past three months. BlackBull Markets answers some questions in its FAQ section and describes its products and services well. Therefore, I believe that most traders will not require assistance unless there is an emergency.
- Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
- It boasts a diverse array of order types and execution modes, affording traders the capacity to implement tailored trading strategies even in offline settings.
- Its 26,000+ tradable instruments, including currency pairs, major market indices, equities, cryptocurrencies and commodities, positions it among the top five CFD brokers.
- However, its non-trading fees, including its withdrawal and dormancy fees, exceed the industry average.
- The minimum deposit for the ECN Prime account of $2,000 is a bit high but remains acceptable.
Ensure that you understand the risks involved with trading, as BlackBull Markets offers leveraged products like Forex, CFDs, and other financial instruments. Traders have access to customer support 24/7 via live chat, which I find the most convenient form to connect. A phone number, including a toll-free for New Zealand, and nine e-mail addresses are also listed, one with support in Chinese. I appreciate the transparency at BlackBull Markets, as fully detailed contact information is provided. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
It also features a depth of market (DoM), detachable charts, an integrated economic calendar and extra pending order types (sell stop limit and buy stop limit). Yes, BlackBull Markets provides access to commodities like gold, silver, and oil, and cryptocurrencies such as Bitcoin and Ethereum. These markets allow traders to explore new asset classes beyond traditional forex and stocks. The diversity in trading options, coupled with BlackBull’s multi-regulated status and 24/7 client support, ensures that traders have the tools and resources to trade effectively across global markets. Yes, BlackBull Invest provides access to over 26,000 tradable assets including shares, options, ETFs, and bonds.
Not only do these accounts cater to beginners, but they also serve the specific requirements of experienced traders and institutions. Additionally, this variety ensures flexibility and choice for every trader. Furthermore, by providing such options, BlackBull Markets empowers traders to select accounts that best align with their trading goals.
These tutorials provide valuable insights, strategies, and practical knowledge tailored to both beginners and experienced traders. BlackBull Markets provides its clients with an extensive range of valuable educational tools. BlackBull Markets is an international broker that has been in the industry for more than 10 years. They offer a wide range of assets, prominently featuring over 1,500 equity CFDs. Additionally, they provide the most popular platforms and extensive deposit facilities. These characteristics make BlackBull a broker to consider in the industry and one worth evaluating.
🛡️Regulated and trusted by FMA, FSA🛡️2958 new traders chose this broker in the last 90 days.🛡️Available for global Traders. Forex commissions at BlackBull Markets are between $4.00 and $6.00 per 1.0 standard round lot, dependent on the account type. All client deposits remain segregated from corporate funds, and blackbull markets review the custodian bank is the ANZ Bank.