blackbull com Reviews Read Customer Service Reviews of blackbull.com
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.
Their offer suits both low volume traders interested in no commissions and high volume traders looking for a commission driven approach with low spreads. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. BlackBull Markets offers great features for beginner investors and supports 9 of the largest fiat currencies, so you can start trading no matter where you are.
Traders must make such withdrawals directly to their bank accounts. 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. BlackBull Markets recently expanded its market research coverage with the acquisition of research firm ATM Strategy. Considerable progress has been made in the broker’s research offering, though BlackBull Markets still trails behind the best forex and CFD brokers in this category.
- Net accounts are especially useful when you want to be able to add and reduce your position size.
- It is important to note that payment methods are subject to availability depending on the users’ country of residence.
- BlackBullMarkets Review found a section dedicated to trader education with 11 learn to trade videos, 5 trading guides and a trading glossary.
- The table below summarizes the different investment products available to BlackBull Markets clients.
- The International Bank Transfers do take between 12 and 72 hours, which still is very competitive to other brokers as this is generally how long international transfers take to complete.
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. The BlackBull Markets platforms and technologies are amongst the best in the industry and in place to make sure that clients can retain and grow their competitive edge in the global markets. I would not hesitate to trade with them, especially considering they operate in a regulated environment. PsyQuation can analyse your trading, advising you on weak areas and ways in which they can be improved.
Blackbull Makrkets Trading Hours
MT4 is without a doubt the most common retail forex trading platform, being used by millions of traders and hundreds of brokers around the world. Although MT4 is certainly not the most advanced platform on the market, is it perfect for basic technical analysis and order execution, making it the peoples choice. They also now offer MT5 – a more updated and professional version of MT5. 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.
Forex Risk Disclaimer
Net accounts are especially useful when you want to be able to add and reduce your position size. There are no restrictions against hedging with your BlackBull Markets account. If it falls under this value, the platform will start to automatically close your positions to keep the free margin above the threshold. Some of the payment methods may not be available, depending on your country.
i’ve been with blackbull markets for 3 years
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. 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. Also available is TradingView, a popular trading platform that delivers a range of powerful charting functions and robust analysis tools. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
BlackBull Markets Account Types
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. Your funds are held securely in segregated accounts for quick processing and to ensure that they are not used for any other purpose, thus giving you peace of mind.
Depositing money and withdrawal was super fast and not a single problem. BlackBull Markets’ customer service team was quite helpful and gave us direct and prompt answers that were very accurate. Our first interaction with the team was via live chat, where we asked about the order execution and whether they allow hedging, scalping and change of leverage. BlackBull Markets allows its clients to make withdrawals via the same payment methods available for deposits making it easy for investors to access their funds.
Trading Platform
BlackBullMarkets Review found a section dedicated to trader education with 11 learn to trade videos, 5 trading guides and a trading glossary. The broker provides daily market update videos published on its YouTube channel and live streams longer session covering new economic releases in a live-trading-room format. The broker charges a 2.5% fee on credit card deposits, with credit card withdrawals attracting a €5 fee and Neteller withdrawals attracting a €4 fee. The broker offers a small number of products compared to the leading brokers.
Customer Service
The Myfxbook interface’s usability and intuitive design simplify use and common sense inputs and outputs. Because Myfxbook is a BlackBull Markets affiliate, the MetaTrader 4 trading platform is fully linked with the Myfxbook system. This makes it easy for you to hook up the platform and blackbull markets review follow other traders. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
BlackBull Markets is a true Electronic Communication Network (ECN), which means high liquidity on all assets. They also use a diverse selection of liquidity providers, which means providers are competing for your business – this is one of the reasons why BlackBull Markets spreads are so competitive. I have always received great support from them and even had them reach out to me to see how things are going without being prompted to do so. I like this level of support but also sometimes I like to be able to get on with my trading undisturbed. If you want to run your platforms 24/7 then there is a handy Virtual Private Server (VPS) option.
Whether you trade on desktop or mobile, TradingView’s beautiful charts can supercharge your trading experience. This platform is packed with all of the trading tools that you need to conduct comprehensive market analysis. You will also find thousands of add-ons for the platform whilst you can also code your own technical indicators and other tools.
I would always start on demo account to see how things go before making a financial commitment. The broker does require a minimum deposit of $1 which is the lowest you will come across. If you want access to the lowest possible spreads on the ECN prime account, you will need to make an even larger deposit of $2,000. I personally prefer it when a broker gives you the same trading account options, regardless of your deposit amount. BlackBull Markets offers traders an excellent asset selection, placing it in the Top 5 brokers in the industry.
I just find it much faster and don’t always want to wait around for a bank transfer to clear. If there is a market movement that I plan on taking advantage of, I want my funds available to trade with as soon as possible. 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. The trading accounts provide deep liquidity from multiple banks with raw interbank spreads that start from just 0 pips.