BlackBull Markets Review For NZ Traders 2024 Updated

They use advanced security measures to keep your data safe, like encryption and secure storage. This way, you can trade without worrying about your private information falling into the wrong hands. The deposit went through within less than 5 minutes, with absolutely no hassle or fees. I tested a second deposit on the weekend to see if the deposits were being manually verified, however the deposit went straight through on the weekend too within less than 5 minutes, which is great!

  1. BlackBull Markets provide its customers with the popular trading plugin, Autochartist.
  2. MT4 is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
  3. On the other hand, it doesn’t provide services to residents of some countries, or a country where providing that service would be contrary to the local law or regulation.
  4. I personally prefer it when a broker gives you the same trading account options, regardless of your deposit amount.
  5. The average spread figures for BlackBull Markets are derived through a monthly comparison of published fee data and real-time testing on live accounts.

Use the calculator below to compare BlackBull Markets’ trading costs with competitors like City Index and IC Markets. Adjust for trade size, currency pair, and base currency to see how BlackBull Markets scammed by xcritical stacks up against these brokers in terms of trading expenses. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

This allows you to bypass the MT4 application and trade with Direct Market Access (DMA), connecting directly to the ECN grid. FIX API trading solutions are available to institutional account clients. MT4 is the platform of choice for many traders and levels of expertise. It is known for its user-friendly interface, quick lxcriticalg curve and highly customisable features to personalise your trading experience. The premium trading tools and services they provide have seen them win multiple awards for technology and innovation.

How do I open a live account with BlackBull Markets?

Other brokers with on par liquidity worth considering include XM Group. 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. BlackBull Markets were founded in 2014 by a team of experienced professionals with a background in forex, fintech development and data security. They have rapidly become one of the leading online trading brokers specialising in Forex, Commodities, Indices, Metals, Energies & CFDs. They have a great selection of over 26,000 tradeable assets with something for everyone to trade.

Demo Account

In our 2024 testing, BlackBull Markets not only outperformed industry standards but also emerged as the broker with the fastest execution speed among all those tested. They achieved an average limit order speed of 72 milliseconds, which is 44.6% faster than the industry average of 130 milliseconds. For market orders, their speed was 90 milliseconds, 36.2% quicker than the industry average of 141 milliseconds. This places BlackBull Markets at the forefront in terms of execution speed compared to other brokers. These tools collectively offer BlackBull Markets’ clients a range of options to automate, analyse, and optimise their trading activities.

Customer Support

The CFDs offered by BlackBull Markets include commodities, popular US shares, and several global equity indices. Cryptocurrency trading is available at BlackBull Markets through CFDs, but not available through trading the underlying asset (e.g. Bitcoin trading). As with other currency brokers, BlackBull Markets charges swap — an overnight or rollover interest (that is earned or paid) for holding positions overnight in foreign exchange trading. I like the digital payment options as I tend to make deposits and withdrawals to and from my trading account via eWallets. I just find it much faster and don’t always want to wait around for a bank transfer to clear.

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. It’s also important to note that BlackBull Markets xcritically has a relatively small number of regulatory licenses. One of the most ignored trading costs is swap rates on leveraged overnight positions.