BlackBull Markets Review 2024: Pros, Cons, & Fees
The one thing I could not find, which left me disappointed, was a reference to negative balance protection. 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.
Blackbull Markets Deposits & Withdrawals
Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor. All content on ForexBrokers.com is handwritten by a writer, fact-checked by hycm review a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.
More recently, BlackBull further expanded its platform offering with the addition of its web-based BlackBull Trade platform powered by DXTrade. We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. While BlackBull Markets does not offer bonuses, it maintains an Active Trader Account where it presents qualifying traders with monetary incentives like lower commissions or services like free VPS hosting.
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. 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 API trading and offers VPS hosting, making it ideal for advanced algorithmic trading.
- In my opinion, this is arguably a little high, but well within an acceptable range.
- BlackBull is a broker considered to be of “Average Risk” with a trust score of 78 based on rankings from ForexBrokers.com, providing a relatively secure trading environment.
- The Fed’s dovish shift has helped the euro surge to its highest level in more than a year.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
Blackbull Markets Fees
All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. 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. It’s also important to note that BlackBull Markets currently has a relatively small number of regulatory licenses. For example, the addition of quizzes and progress tracking features could help BlackBull further improve its educational offering for retail traders. BlackBull offers an excellent forex and CFD trading environment, featuring extensive trading instruments and advanced trading platforms.
About BlackBull Markets
From a security perspective, client deposits remain well-protected, but beaxy exchange review I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts. 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. I always recommend that traders check them before evaluating the total trading costs. Three requirements any successful trader needs from an ECN/NDD trading environment are deep liquidity, institution-level pricing, and high leverage.
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An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. BlackBull offers a vast selection of markets, with 72 forex pairs and over 26,000 tradeable symbols, making it highly recommended for traders seeking a broad array of investment opportunities. The mobile trading apps from BlackBull are functional, providing adequate tools for trading and monitoring markets from mobile devices.
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 offers traders an excellent asset selection, placing it in the Top 5 brokers in the industry.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
BlackBull Markets delivers all three, and I especially like the underlying technology they utilize to achieve this. It ensures high-speed trading and offers scalpers and other high-frequency traders the precision trading they require. It would be great if they could in the future offer a wider selection of assets to trade. BlackBull Markets offers the full MetaTrader suite, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop and web, and BlackBull Markets’ own BlackBull Shares platform (powered by Interactive Brokers’ TWS platform). Also available is TradingView, a popular trading platform that delivers a range of powerful charting functions and robust analysis tools.
Resuming the production of live streams would be a step in the right direction for BlackBull Markets, along with a general expansion of daily content.
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000. While the minimum deposit for ECN Prime remains higher than some competitive brokers, I found them justifiable by cost and services provided and, therefore, acceptable and an excellent value for deposit requirement. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).