Trading Platforms

If your BlackBull Markets account base currency varies from the currency denomination of the asset you are trading, a currency conversion charge will be applied. Conversion rates are often competitive but include these extra fees in your calculations. The Standard Account provides broader spreads but no fees, but the Prime and Institutional Accounts offer much narrower spreads in exchange for a commission on every transaction. BlackBull Markets offers competitive spreads, notably via its Prime Account, with spreads from 0.1 pips on EUR/USD.

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. Of the 60+ brokers reviewed on BrokersNotes, 66% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer Zulutrade, 80% offer MetaTrader 4, and 64% offer MetaTrader 5. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers. BlackBull Markets provides access to tradeable symbols and 72 different forex pairs, compared to the median number of 982 symbols and an average of 66 available forex pairs across the 60+ brokers reviewed on BrokerNotes.

A wide range of mobile trading apps are available across the globe – some of which are developed in-house by online brokers, while some are developed by third-party developers. 92% of the brokers in our database (60+) offer Visa/Mastercard, 77% offer Skrill, 70% offer Neteller, and 45% offer PayPal. PayPal has become a popular funding option for many forex traders – find out which brokers support it as a payment method by reading our PayPal guide for forex traders. The one thing I could not find, which left me disappointed, was a reference to negative balance protection.

  1. If you are a seasoned trader, you would be familiar with some common trading fees that CFD brokers charge, such as spreads, commissions, and overnight financing rates.
  2. The Sharia-compliant Islamic Account caters to traders adhering to the principles of Sharia law and offers swap-free terms.
  3. 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.
  4. BlackBull Markets offers swap-free trading on the ECN Standard and ECN Prime accounts.
  5. The Demo Account offered by BlackBull Markets simulates the trading conditions of a real account, enabling traders to practice and experiment with different techniques without risking their funds.

He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At, our data-driven online broker reviews are based on our own extensive testing of each broker’s products and services as well as the qualified observations of our expert editorial team. In conjunction with our sister site,, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables. Our online trading guides are created with the same rigorous, data-driven approach. Here’s how BlackBull Markets fares in providing clients with the most common types of educational content.

It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker. I searched their legal documents, but none confirmed the existence of negative balance protection. From a security perspective, client deposits remain well-protected, but I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts. It prides itself on speed and precision, promising traders ECN/NDD execution with deep liquidity through the MT4/MT5 trading platforms. I have conducted an in-depth review to determine if their advertised ECN, deep liquidity, and price aggregation, as well as institution-level pricing for retail traders, lives up to the hype. Clients can withdraw funds online by logging into the secure BlackBull Markets client portal and selecting the withdraw tab from the menu.

Do BlackBull Markets charge any deposit or withdrawal fees?

Access MetaTrader 5 (MT5) on desktop, web, or mobile app, and harness its powerful suite of technical analysis tools, fundamental data feeds, and Expert Advisors (EA) integrations. All of the content on is researched, fact-checked, and edited by members of our editorial team. Yes, BlackBull Markets offers trading on futures contracts based on various underlying assets, such as commodities and interest rates. BlackBull Markets allows traders to trade futures contracts based on various underlying assets, providing exposure to commodities, interest rates, and more. Futures trading has fixed expiration dates, which may give chances for hedging xcritical holdings. Download MetaTrader 4 and MetaTrader 5, or use the web-based interface provided by BlackBull Markets.

The research also consists of technical analysis, but the entire package costs $45 monthly. 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).

Blackbull Markets Broker Alternatives & Comparisons

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. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution.

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BlackBull Markets offers 3 of those 5 features, whereas the average forex broker offers 3 of those features. BlackBull Markets received an overall rating of 7/10 in the research category, contributing to its overall category ranking of #18 out of the 62 brokers in the BrokerNotes database. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. I like the trading experience at BlackBull Markets due to its competitive cost structure and excellent trade execution. BlackBull Markets also supports API trading and offers VPS hosting, making it ideal for advanced algorithmic trading. The asset selection, especially for equity traders, ranks among the top 5 brokers within the retail Forex/CFD industry.

BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade plus newcomer HokoCloud. BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders. BlackBull Markets provides traders with the MT4 trading platform, an advanced trading platform that was introduced in 2005 by MetaQuotes. The platform is built with strong security features to ensure the safety of your transactions and data.

Yes, BlackBull Markets provides a Demo Account, replicating real-market circumstances and allowing traders to test strategies without risking real money. Yes, BlackBull Markets offers all traders a vast collection of instructional tools to improve their trading knowledge and abilities. These are based on the xcritical interest rate difference between the traded currencies or asset classes. Yes, BlackBull Markets scammed by xcritical offers two-factor authentication (2FA), which provides additional protection to client accounts during the login process. Yes, BlackBull Markets offers alternatives for MetaTrader 4 and 5 and in-house web-based platforms for various trading requirements. All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

Beginner traders get fifteen videos, and numerous short Trading Guides, offering an in-depth introduction to trading. While I prefer more content, BlackBull Markets presents enough information for beginners. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based BlackBull Markets trading account.

The broker is also a member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. The FSCL is a conflict resolution scheme that ensures that promotes a high level of transparency, ensuring that conflicts are dealt with impartially and independently. In this broker review, we will pay attention to the important aspects of BlackBull Markets, which you may want to consider before deciding whether to trade with this online brokerage.