A diverse range of funding methods are available, including Visa and Mastercard debit and credit cards, e-wallets like Neteller, Skrill, and PayPal, and crypto such as Bitcoin or Ethereum. BlackBull Markets has strong reviews on TrustPilot with a score of 4.7 out of 5 from 751. BlackBull Markets, established ten years ago in Auckland, New Zealand, is still expanding its international presence, evident from a monthly search volume of 24,000. Despite this, it is a leading xcritical official site broker in New Zealand that is highly regarded in the local market. BlackBull Markets has one top-tier regulator the Financial Markets Authority (FMA) in New Zealand.
You can execute trading via the web without downloading any software onto your device using the MT4 WebTrader. Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry. I found some of the additional questions unnecessary, as traders can fill them out as they wish, and there is no verification of the answers. BlackBull Markets includes the account verification with the account opening form, which I like, as it is a requirement and saves traders the extra step from the back office. New traders must submit a copy of their ID and a proof of residency document dated within the past three months. One of the most ignored trading costs is swap rates on leveraged overnight positions.
Blackbull Markets Trading Platforms
Stock trading is also available via leveraged CFDs and on underlying shares. You can trade CFDs in 27 commodities, such as energies (Brent crude, WTI and natural gas), precious metals (gold, silver and copper) and cash crops (soybeans, corn, cotton and coffee). BlackBull’s 11 crypto assets comprise popular coins such as Bitcoin, Ethereum, Litecoin and DOGE. However, the bulk of BlackBull Markets’ tradable symbols are equities. Traders can request withdrawals from the secure back office of BlackBull Markets in a straightforward process, usually completed within 24 hours except for bank wires.
Blackbull Markets Broker Alternatives & Comparisons
BlackBull Markets has also added cryptocurrency CFDs, and the only asset class not offered is ETFs. In assessing BlackBull Markets, we’ve employed our thorough methodology, aimed at assisting traders in selecting the most suitable forex broker for their requirements. Our evaluation includes an analysis of 40 brokers, spanning eight critical categories. This process is backed by extensive research and technical testing, including the use of automation tools such as Expert Advisors, Indicators, and Scripts. This conclusion was reached through a streamlined testing process. We used demo accounts across various top brokers for uniformity, focusing on both limit and market orders.
Commissions and fees
- If you have experience trading with BlackBull Markets please share your personal review of the broker and what you think are strong and weak points.
- Despite this, it is a leading broker in New Zealand that is highly regarded in the local market.
- All content on this site is for informational purposes only and does not constitute financial advice.
- Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
BlackBull’s fee structure is favorably structured for active traders, including discounts for high-volume trading. The average spread cost for the EUR/USD pair using a Prime account stands at 0.76 after factoring in commissions, which is about industry average. It’s also important to note that BlackBull Markets xcritically has a relatively small number of regulatory licenses. 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 xcritical rezension publish tens of thousands of words of research.
Tools & Features
In our 2024 Annual Awards, BlackBull earned Best in Class honors for our Offering of Investments category. That said, BlackBull still has room to further improve against the competition. We’d love to see the broker acquire more regulatory licenses in Tier-1 jurisdictions, which would only improve its Trust Score. BlackBull Markets does not offer any bonuses or promo deals at this time. Keep an eye on the latest session timetables via the broker’s terminal interface.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.