blackbull markets regulation

It is an advanced trading platform that is designed to offer seamless access to different financial markets. The platform is replete with helpful trading tools, including nine chart types, expert advisors, multiple timeframes, and more. The broker does require a minimum deposit of $1 which is the lowest you will come across.

blackbull markets regulation

For instance, bank wire transfers may take up to 1 to 3 days to be processed, while some e-wallet payments are instant and allow you to manage your funds in real-time. The broker’s trading academy is available as an “Education” section at the top of the broker’s website. It contains various educational resources, such as learning articles, trading guides, tutorial videos, and a glossary that displays various trading terms and their detailed explanations. This is impressive as many brokers charge exorbitant fees for maintaining inactive accounts. BlackBull only offers spot assets for trade, futures and options are not available. VPS servers are offered free to all clients with an ECN Prime account and a $2,000 deposit.

BlackBull Markets as a Platform for Trading Commodities

From a security perspective, client deposits remain well-protected, but I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts. Trading can take many different forms with BlackBull Markets, but they all carry the inherent risk of losing money that was initially invested with BlackBull Markets. The first and most important rule of trading with BlackBull Markets is that you should never trade or invest with money with BlackBull Markets that you cannot afford to lose. That implies that the funds you deposit into your new BlackBull Markets trading account are the discretionary funds you have remaining after paying all of your bills. In a bid to ensure that traders get the most out of their trades, the broker makes available the FIX API tool.

All companies who are registered with the FSPR must also be a member of an independent dispute resolution scheme. This is to ensure any complaints that you may have are dealt with in an impartial and independent manner. However, I think most traders will be more than happy with the services provided. I find them to be up there with the very best brokers if you are looking for a secure and reliable trading environment. The customer support has always been excellent in my experience whilst the trading conditions are comparable to industry leaders such as IG.

Currencies such as the USD, British pound, Euro, and Japanese Yen are still making headlines and attracting global media attention. Accounts can be opened in AUD, USD, EUR, GBP, CHF, JPY, NZD, CAD, SGD, HKD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Putting it all together, BlackBull Markets is an online brokerage firm that is designed to suit all levels of traders, from the average retail trader to the high-volume professional traders. They offer advanced trading platforms and some essential trading resources, including useful tools and educational materials. These can all go some way to help traders gain an enhanced trading experience and make informed decisions.

BlackBull Markets Platforms Summary

Our expert team here at BrokerChooser specializes in helping you find a broker that best suits your needs. We have reviewed over a 100 brokers based on BrokerChooser’s unique methodology. 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).

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Regulation & Compliance

BlackBull Markets offer energies such as natural gas and oil with a low-cost pricing model and flexible leverage. Traders can trade precious metals such as gold and silver which can help diversify a trading portfolio and are often seen as a safe-haven to some. Indices are a market wide value of specified markets based on the relative value of companies within the market. They are traded as Contracts for Difference (CFDs) and commonly grouped together by similar industries.

This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest. Provided you can prove you are of Islamic faith, you will be able to use this account with any of the Standard, Prime or Institutional accounts. Traders living in Malaysia will automatically be assigned an account that meets sharia law requirements. You can succeed as a broker affiliate by collaborating via BlackBull Markets’ affiliate program, BlackBull Partners. In addition, your work as an affiliate will become much simpler and more profitable due to BlackBull Markets’ stellar reputation as a strictly regulated online broker, especially over the long term.

The VPS servers are located in New York, London, and Japan, close to the relevant exchanges to maximize execution speed and reliability. The VPS service is only available on the BlackBull Markets Prime account, and as such, traders are required to deposit a minimum amount of $2,000. You can get a free VPS for a lower deposit from some other brokers including Blueberry Markets. The forex broker offers 64 currency pairs, 6 CFDs asset types and 2 social trading tools through its MetaTrader 4 and 5 forex trading platforms.

BlackBull Markets Customer Reviews

BlackBull is one of the few FMA regulated brokers that provide ECN pricing accounts and also list their average spreads. We compared BlackBull Markets spreads with some other international brokers. The company also offers educational resources and a team of experts to provide support to traders.

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. Forex traders get 60+ currency pairs, but the bulk consists of 23,000+ equity CFD and the underlying asset for direct share dealing from 80+ global stock exchanges. It results in a broad-based choice of trading instruments ideal for demanding asset managers and long-term dividend income-generating portfolios. BlackBull Markets has also added cryptocurrency CFDs, and the only asset class not offered is ETFs.

You can set goals, control your trading via the dashboard, gain useful insights and set notifications. Instead, I would prefer to just trade on a demo account in order to improve my skills. You can open a free demo account with BlackBull Markets to trade risk free. PsyQuation is available through a limited amount of brokers, including Axi. Blackbull Markets also provide social trading via another social trading platform like Myfxbook called HokuCloud.

Trading Account Type Comparison

This is an important trading tool that is used for enhancing and customizing clients’ trading experience. The VPS service that is available at BlackBull Markets is provided by BeeksFX, a provider dedicated to hosting finance servers. It is compatible with the MT$ trading platform and offers many benefits, including reduced slippage, enhanced security, automation of data backups, and more.

The range of services and support they offer make them one of my favourite brokers. They simplify the whole process and are always available to help with anything you need. BlackBull Markets is proud to offer clients the option to Trade directly in TradingView, the world’s limefx review leading charting and social trading platform. 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.

While commissions are small transaction fees charged by brokers, spreads are the difference between an instrument’s buy and sell price. This can all help you get the most out of your trading strategies when using BlackBull Markets. The minimum deposit required to start trading is $1 and they have the option of a free demo account if you want to give them a try before making a commitment. As a trader, unless you are after extra advanced features or niche services, the MetaTrader trading platform will suit nearly all trading needs. While most brokers base their trading servers at NY4 Equinix data centre and/or CY4  London Equinix Data Centre (or alternately on Europe mainland), BlackBull has servers 5 located around the globe.

How do I contact BlackBull Markets customer support?

If your CFD broker is regulated by the FCA, its details should be listed on the Financial Services Register. By and large it is your home country (i.e. your residence, not your passport) that will determine under which regulator you’ll fall, should there be more than one regulator. Also, check the broker’s website for information about its regulatory status. The website is likely to display the broker’s regulatory status and the name of the regulatory authority at the bottom. We’ve put together the aspects that make a broker legitimate, so you can judge whether you consider BlackBull Markets legit. The broker’s reliability is also underpinned by offering investor protection up to No investor protection.

When you trade with BlackBull Markets, you will need to have a comprehensive understanding of risk management strategies when actively trading with BlackBull Markets. Risk management trading features that can be accessed through the BlackBull Markets platform, such as stop loss and negative balance options should be readily understood and utilised when trading with BlackBull Markets. As an online trading broker that has been in operation since 2014, we could say that BlackBull Markets is an experienced online financial services provider. The broker’s location is an added advantage as New Zealand is known to have a high standard of conduct and operational standards that all companies must comply with.

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