Clients using the ECN Prime account will incur tighter spreads from 0.1 pips, with commissions from $6 per lot. Advanced investors trading under the ECN Institutional account type can benefit from negotiable commission rates and spreads from 0.0 pips. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
The cTrader is another popular, sophisticated and feature-rich platform that provides traders with a fantastic and hassle-free trading experience. Its range of advanced trading infrastructures seems built for high-precision and ultra-fast trading execution, making it an important addition to ECN/NDD brokers like BlackBull Markets. If you’re a beginner, consider using MT4 till you become very comfortable using advanced trading platforms like cTrader.
Free VPS hosting from NYC Servers or BeeksFX is available for ECN Prime accounts with trading volume above 20 lots, which is an offer I find reasonable. BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade plus newcomer HokoCloud. BlackBull xcritical scammers Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders.
Mobile Trading
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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. I have compiled the table below to help you better understand the difference between the trading fees of BlackBull Markets’ two account types and the industry average.
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based BlackBull Markets trading account. Here is a screenshot of the BlackBull Markets MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. I was waiting for my application to get approved and decided to ask customer service for a status update. They provided me with an update as to why the application was taking so long and was able to give me the right information to process the application on the same day. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations.
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. BlackBull Markets presents clients with two well-regulated subsidiaries. Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose. BlackBull Markets’ educational section covers the ABCs of trading and features courses, written articles, videos, and webinars.
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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. In xcritical official site such a case, BlackBull Markets ensures a customer service representative is available. After almost two years of trading, they decided to remove all profits (10k).
Blackbull Markets Fees
Georgia solved my problem and set my account up for trading in just a few minutes. Finally, the platform affords ample information about order execution. You can read about margin requirements, xcritical spread rate, and much more before proceeding to open a position. This configuration is fine for intraday trading but less ideal for longer-term strategies, such as day trading and position trading. 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).
- The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10 for each account.
- All BrokerNotes content is researched, fact-checked, and edited by the research team.
- Some features and services may vary depending on where you reside and which entity you open an account with.
- For traders seeking a more customized solution and lower commissions, the ECN Institutional Account requires a minimum deposit of $20,000.
- BlackBull Markets offers multilingual 24/7 support via live chat, email, and over the phone.
The online broker partnered with Autochartist in 2022 to offer powerful market analytics and automated opportunity identification. The plugin, which is integrated with MT4 and MT5, scans the markets and alerts users to potential trading opportunities. This includes MT4 videos, forex analysis guides, and a trading glossary.
CTrader has a very familiar layout, with its charts positioned in the middle, order execution on the right-hand side, and account info at the bottom. On the left-hand side of the main panel, you can switch between the platform’s several settings (retail trading, automated trading, and copy trading). My research showed that BlackBull Markets is well-regulated and complies with some of the most rigid safety requirements in the industry.
Payments are processed faster than usual, though transaction times vary. The broker does not charge a handling fee for deposits, however, a $5 fee is applied to withdrawals. This range exceeds the industry average, especially in share CFDs, FX pairs, and cryptocurrencies.
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. The one thing I could not find, which left me disappointed, was a reference to negative balance protection. It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker. I searched their legal documents, but none confirmed the existence of negative balance protection.
The interface is easy to use, deposits and withdrawals fast and easy with many different options. The best part is their super fast and excellent customer service on WhatsApp, especially Mariana of their team. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Their extensive features and functionalities establish them as the ideal online platform for CFD and forex trading. MT4 has a beginner-friendly and intuitive interface that appeals to newbies and experienced traders alike. It is the most globally renowned retail trading platform, featuring 50+ trading indicators, 9 timeframes, 24 analytical charting tools and 3 chart types.