The swap fees for EUR/USD were medium and for GBP/JPY were high. BlackBull Markets operates via BBG Limited, which is regulated by FSA Seychelles, and Black Bull Group Limited, which is regulated by FMA. Black Bull Group Limited is regulated by the Financial Markets Authority . BBG Limited is regulated by the Financial Services Authority .
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.
BlackBull Markets Leverage
The Institutional Account has a minimum deposit of $20,000. BlackBull received a high score for customer support in our rating. The broker blackbull markets review provides support 24/7 via online chat, phone, and email. Customer support languages include English, Spanish, French, Greek, and Chinese.
- BeekFX strategically hosts servers in London, New York and Japan so you can be as close to exchanges as possible.
- If there is any US citizens members in here that were scammed by broker Black bull markets.
- Withdrawals above the deposit amount using payment processors are not possible.
- The use of segregated accounts improves the safety of clients’ funds in case BlackBull Markets has financial issues.
The minimum deposit will depend on which trading account you wish to use. Retail traders will likely use the ECN standard account which has no minimum deposit or the ECN Prime which has a $2,000 minimum deposit. Institutional traders will prefer the ECN institutional account which has a minimum deposit of $20,000. You will get the best liquidity and execution with this broker.
After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions https://forex-reviews.org/ to Equities.com and Benzinga. BlackBull Markets seems to be a reputable and reliable brokerage that is definitely worth considering if you’re looking to trade forex and CFDs.
BlackBull Markets Mobile App
BlackBull Markets provides a wide range of educational material. No minimum deposit requirements (Credit/debit card accepted) and competitive spreads. Multiple trading platforms, including MetaTrader 4 and 5,Myfxbook, ZuluTrade, as well as the proprietary TradeBull platform.
New traders must submit a copy of their ID and a proof of residency document dated within the past three months. BlackBull Markets answers some questions in its FAQ section and describes its products and services well. Therefore, I believe that most traders will not require assistance unless there is an emergency.
This means you don’t need to worry about missing any trading event because servers are down. Yes, stock prices are higher, but it’s an overall less risky time to invest. You’ll have a greater chance of selling assets for a higher value than when you bought them. A bull market, aka a bull run, is an extended period of time when stock prices increase (usually a 20% increase) compared to its most recent low. As the market shows signs of continuous growth, investors become more optimistic and buy more shares.
Few client faced issues of deposit they said this broker is black listed. Dont trust this company if you are from Europe or South East Asia region as they dont hold any licence to work in that region so any time they can take your money and run away. BlackBull Markets offers traders an excellent asset selection, placing it in the Top 5 brokers in the industry.
We provide you with the latest of the World-renown MetaTrader 5 Available on all major platforms, you can trade from anywhere at any time. Whether you trade on desktop or mobile, TradingView’s beautiful charts can supercharge your trading experience. Despite the 2022 lows in which inflation skyrocketed and interest rates dramatically increased, 2023 could be promising. The S&P 500 has jumped nearly 14% since October 2022 and is only 6% away from transitioning into a bull market. The length of bull markets varies and is often longer than bear markets.
Even the market-depth and tick-chart are supported by the software. On the upper side, you see the functions of the software. If you do a right-click in the chart there are just more options for customizing the software.
Many traders fear the obligation to make additional contributions to foreign brokers. At Blackbull, however, this has been abolished and you can’t go into debt. Additionally, the broker will automatically stop you if you have insufficient margin. BlackBull Markets does not charge any fees for deposits, withdrawal options widely available including most used Bank Transfers and credit cards, yet there are some charges for withdrawals. Withdrawing of money will cost you 5 base currency, 5$ if your base account currency is in US$. Actually we found that BlackBull markets is a highly regarded broker, as the clients they serve are mostly happy with the trading conditions and the service provided alike.
Just to know that the customer service is so readily available, and even a phone call, is very reassuring. He was able to answer my questions and help me through linking Blackbull to Tradeview. My experience so far has been very good with the customer service. I first had questions in a chat that were addressed then the next day I got a phone call from, Eric Walkington, my account Manager.
Investment Types at BlackBull Markets
If the balance on your account goes negative, it will be covered by the broker. BlackBull Markets has great phone, email, and live chat support. On the negative side, customer support is not available 24/7. Changing the leverage is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels may be too high.
Please contact your customer manager who has been communicating with me. For any additional questions, please feel free to reach out at any time. Eric and the crew at support had no issue answering my obnoxious questions.
While BlackBull Markets supports the above-mentioned currency options, some methods may incur exchange rate fees. For this review, we tested the BlackBull Markets Standard Account, where the broker charges spreads and swap/rollover fees but does not charge commissions. Spreads are variable and depend on the liquidity situation in each instrument at a certain point in time.