In order to do this, the user must first log into their BlackBull Markets account. This will then prompt the user to enter their password and confirm that they wish to close their account. In order to close a BlackBull Markets account, the user must first withdraw any balances https://limefx.vip/ they may have. After withdrawing their funds, they can then proceed to close their account. BlackBull Markets follows well-established industry practices for onboarding new traders. The research also consists of technical analysis, but the entire package costs $45 monthly.
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
- Together with that, it also offers a range of research tools such as technical analysis, charting tools, and backtesting capabilities.
- The broker’s website as well as support is available in six different languages.
- Plus, there are various trading platforms supported that you get to choose from based on your skill level.
- It doesn’t matter what your investment size is, all clients get an institutional level of treatment, regardless of your background.
The platform is user-friendly, has a nice look and feel, and comes with a lot of indicators, numerous timeframes, a number of chart setups, and market analysis. Also available is a selection of tools for comprehensive price analysis, trading robots, expert advisors, and copy trading. Blackbull Trade is, however, only available for download on Android devices. Blackbull offers three accounts, which is average for the industry, and they cater to both beginners and more experienced traders.
Regulations, Deposits, and Protections
We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. Also, to ensure clients’ security and peace of mind, the broker keeps clients’ funds securely in segregated accounts within ANZ Bank in New Zealand.
Whilst the overall look and feel remains the same, MT5 has more timeframes, depth of market pricing, additional indicators, a multi-currency strategy tester with tick data and much more. Whilst MT4 should be sufficient for most forex traders, MT5 is considered a better option for anyone who is looking to trade stocks. As it was released more recently compared to MT4, it could also be considered more future proof. Global partners include prime liquidity providers (LPs) for deep pool liquidity and huge depth of market. This gives you institutional grade trading conditions with fast execution speeds and tight spreads from just 0.0 pips, backed by excellent 24/7 customer service and support.
BlackBull Markets ECN Spread Review:
The broker has thousands of videos on YouTube, they acquired a Professional Research firm a few years ago, and have their own in-house analysts for market commentary. The BlackBull Markets tutorial videos cover lots of topics such as how to use your trading account and how to conduct chart analysis. I did find some interesting articles that helped make me aware of some potential market moves that I would have otherwise overlooked. The broker also provides you with some useful trading guides and several market review articles each week under the market reviews section. If you want to learn as much as possible, you can take a look at XTB who have a dedicated trading academy. PsyQuation can analyse your trading, advising you on weak areas and ways in which they can be improved.
The platform also features an integrated economic calendar to help with fundamental analysis. MT5’s main strengths are fast order processing, support for advanced pending orders and hedging, as well as a bevy of trading tools and technical indicators. Perhaps most striking about BlackBull Markets is the fact that the brokerage has an outstanding online reputation. Most online brokerages fail to secure a good reputation thanks to the inevitable mass of losing traders who are always keen to throw around various accusations. It boasts a very diverse, and therefore credible, selection of user feedback, but its overall rating is great. Blackbull offers a decent range of research materials compared to other brokers, including an economic calendar and an updated news section.
My own experience testing customer support whilst conducting this Blackbull Markets review isn’t so good, however. Once you navigate past the bot on live chat, you can expect to be talking to an agent immediately. Nonetheless, there are some inconsistencies in this area as agents can sometimes be slow to respond.
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. BlackBull Markets are expanding at a rapid pace, picking up multiple awards along the way. I like the fact that they are focused on providing exceptional trading conditions including tight spreads, fast execution speeds and competitive fees. The range of services and support they offer make them one of my favourite brokers.
How do I withdraw money from my BlackBull Markets account?
Fundamental analysis is supplemented by the provision of an economic calendar. When using the broker, we did not find any account opening or inactivity charges.
Against the usual practice of other brokers, BlackBullMarket does not charge inactivity fees. That being said, here are the supported payment methods on Blackbull Markets. Information provided on this website is for guidance only and should not be deemed as financial advice. The value of your investment may fall as well as rise and you may get back less than your initial investment. Yes, Blackbull Markets is safe because its clients’ funds are claimed to be untouched and have multiple layers of encrypted and authenticated protection. Despite that though, it’s worth noting that BlackBull Markets isn’t publicly traded and doesn’t operate a bank.
If you are trading enough volume and want a Free VPS, then you can look at Blueberry Markets as an alternative. BlackBull Markets let you trade with the popular and highly acclaimed MetaTrader 4 and MetaTrader 5 trading platforms by MetaQuotes. I love these platforms as they are very easy to use and support automated trading with expert advisors (EAs).
The broker also has a swap-free Islamic account for traders who follow Islamic principles. Overall, BlackBull Markets offers a comprehensive offering to traders around the globe. Together limefx scam with its regulated environment we also found advanced capabilities with competitive conditions among market offerings and is one of the brokers allowing high leverage ratios.
Lower fees, lower costs?
Feel free to test it via its demo account and analyze user testimonials regarding their experience on Google Play, the App Store, and Trustpilot. Depositing funds in your Blackbull Markets account is easy and straightforward. The broker understands that every trader has their own needs, so it accepts multiple deposit methods so you can transact with the most convenient one for you.
I believe their reputation amongst clients is down to the fact that they are regulated and provide global Forex/CFD brokering services. Their hunger to make a statement and prove their credibility can also be seen as the reason for their excellent customer service. BlackBull Markets have proven time and time again that they are customer-oriented by providing top-notch customer support to their clients. The MT4 and MT5 platforms provide automated trading using Expert Advisors and also allows access to the MetaTrader market, where there are tools and strategies available. BBM does not have its own trading platform but allows users to trade effectively via the MetaTrader 4 and MetaTrader 5 platforms. The company also provides educational materials and information to help its traders trade successfully.
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. While the broker offers detailed video content, we would like to see written content for traders who learn best via reading.
With that said, our experts found a one-month free trial for the BlackBull Research tool subscription. The domain blackbull.com is registered under our company, Black Bull Global Limited. While there is no need to go deep into the specification of each platform, generally we must say a BlackBull platform is a great software for manual either automatic trading. There is no restrictions for use of EAs, neither scalping nor hedging strategies so with BlackBull technology of execution and comprehensive education you may get the maximum, all depending on you. As well you may see more spread examples below and compare fees to another popular broker Pepperstone or other competition shown on the table below.
The time taken to process transactions may vary depending on the payment method in use. 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. Ranking list of the 5 best Australian MetaTrader 4 (MT4) brokers, comparing trustworthiness, capabilities, fees and legitimacy versus each other. Ranking list of the 5 best UK MetaTrader 4 (MT4) brokers, comparing trustworthiness, capabilities, fees and legitimacy versus each other. Ranking list of the 5 best United Arab Emirates (UAE) Stock brokers, comparing trustworthiness, capabilities, fees and legitimacy versus each other.