BlackBull Markets

Company Information

BlackBull Markets has acted in the finance filed since 2014 through Auckland New Zealand and combining years of Institutional Forex experience with the focus on resource offering to retail traders. From that time the broker offers many trading opportunities as a financial services provider with proprietary software to aggregate powerful trading performance along with competitive pricing.

Markets

BlackBull Markets offers over 60 different instruments to trade, including over 50 currency pairs. Basically, you can choose among the following asset classes:

Trading accounts

BlackBull Markets suggests three live account types at your service, namely ECN Standard, ECN Prime and ECN Institutional. In addition, customers have the opportunity to use an Islamic and demo accounts. Let’s review the features of each account type separately so that you could realize which one meets your needs more.

ECN STANDARD

• For the beginners
• Min deposit – $200
• Max Leverage – from 1:500
• Spread – from 0.8 pips
• Min Lot Size – 0.01
• Commission – none

ECN PRIME

• ECN experience with straight through processing
• Min deposit – $2,000
• Max Leverage – from 1:500
• Spread – from 0.1 pips
• Min Lot Size – 0.01
• Commission – $6,00 per lot

ECN INSTITUTIONAL

• For traders looking for institutional services and functionality
• Min deposit – $20,000
• Max Leverage – from 1:500
• Spread – from 0.0 pips
• Min Lot Size – 0.01
• Commission – negotiable

Open an account

Opening an account with BlackBull Markets is a rather simple and clear process. All you need to do is to fill the online application providing the necessary information. After you complete the application form, you will have to verify your identity by providing your ID. You have to provide and prove your residential address as well. Once everything is verified and approved, you will receive your login, after that you can make the first deposit and start trading.

Minimum deposit

The broker requires a different amount of the first deposit for each account type. You need $200 to open a ECN Standard account, $2,000 to open a ECN Prime one, and $20,000 – for ECN Institutional

Trading Platforms

Blackbull Markets offers its customers several platforms for trading: MetaTrader 4 (MT4), its updated version MetaTrader 5 (MT5) and WebTrader. You can read more about those platforms by clicking here.

Our verdict

Let’s sum up the above mentioned about the very broker. First of all, the range of assets offered for trading is not highly diverse, which makes BlackBull Markets a more suitable broker for traders happy to focus on Forex, and the major metals and energies, and major stock indices only. BlackBull Markets is also relatively new to the industry and has yet to mature compared to firms that have been around for decades. With a limited product range on MT4, the social copy trading tools alone do not give BlackBull Markets an edge, because its trust score is low compared to the most trusted forex brokers. Together with its regulated environment, the broker also provides advanced capabilities with conditions rather competitive among market offerings.