You can opt to copy-trade as many signal providers as you want. The only condition is that you have enough funds and your copy-trading parameters allow it. This is great because you can stop trading for the time that you want, and you can be sure that no inactivity fee will be charged to you.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Select one or more of these brokers to compare against BlackBull Markets.
BlackBull Markets Spreads
He provided links for videos to assist me and eplain everything make it all sound less complex. Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose. On the other hand, the ECN Standard Account doesn’t charge any commissions. The spreads will also be bigger, starting from 0.8 pips. If you trade other symbols, like indices, or metals, the maximum lot sizes may vary. BlackBull Markets offers a good variety of social trading sources like ZuluTrade or MyFXBook.
About the Editorial Team
If your thing is EA trading, and your trading volume exceeds the minimum threshold, then apply to your free VPS. What this means is that your free margin must always be above 50%. If it falls under this value, the platform will start to automatically close your positions to keep the free margin above the threshold.
What Is The BlackBull Markets Minimum Deposit?
She was very kind and approved my documents needed for verification just after few hours I sent them. Read our full explanation and accounting of our research and testing process to learn more about how we test. Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand. The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014. The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA).
Write a review
See how BlackBull Markets stacks up against other brokers. Use our country selector tool to view available brokers in your country. You xcritical official site are allowed to do copy trading on your BlackBull Markets account. There are no restrictions against hedging with your BlackBull Markets account. BlackBull Markets offers Micro Accounts to its customers. If your equity (Balance + Open Profit or Loss) falls below the required margin you will receive a margin call.
- More recently, BlackBull further expanded its platform offering with the addition of its web-based BlackBull Trade platform powered by DXTrade.
- 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.
- This account charges commissions based on the lot size that you trade with a value of $4.00 per lot.
- For most Forex currency pairs, the minimum spread is as low as 0, when you choose the ECN Institutional Account.
- This broker is an ECN broker, meaning that it uses electronic systems to match buy and sell orders in financial markets.
The group has several companies across the world, registered or regulated in multiple locations. It has branches registered as a Financial Services Provider in New Zealand, the UK, and Seychelles. The BlackBull Markets leverage varies according to the product that you are trading.
The main differences are the lower spreads and commissions. A bigger deposit is also required which is at least $20,000. You get the same high leverage as in the other account types. You can use TradingView to trade, but the best of all is that you are eligible to have a Premium TradingView plan for free. The only condition is that you trade at least 10 lots per month. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker.
Today, BlackBull offers over 26,000 tradeable symbols; 2,500 are available on MetaTrader 5 (716 in Prime account) and TradingView, and 311 symbols on MetaTrader 4. The table below summarizes the different investment products available to BlackBull Markets clients. Unfortunately, BlackBull Markets doesn’t offer a no-deposit bonus for new clients.
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. BlackBull Markets accepts residents from all over the world except some specific countries. BlackBull Markets doesn’t accept clients from the United States, Canada, and OFAC-sanctioned countries. The minimum amount to be able to request a withdrawal from BlackBull Markets is $1. This may change based on the withdrawal method that you chose. Net accounts are especially useful when you want to be able to add and reduce your position size.
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. This means that you can trade using micro lots, equivalent to 1,000 units of the base currency, which is the same as trading with a 0.01 lot size. BlackBull Markets offers an Institutional account, which is meant for high-volume traders. BlackBull Markets is a Forex broker that gives you a wide range of instruments to trade besides Forex. While writing this review I was surprised by the number of instruments. With over 26k tradable assets, you won’t have a hard time finding an instrument that matches your trading style.
On the other hand, you can get awarded up to $250 for referring a friend. You don’t need to deposit anything if xcritical scam you’re just trying the broker and testing a demo account. I decided to trading with a different broker that is local and required assistance with set-up, Rodolfo was extremely polite and answered all my questions clearly.
