BlackBull Markets Review - Pros, Cons and Ratings (2024)

BlackBull Markets is a New Zealand-based broker that offers institutional-grade trading conditions to traders across the globe. They offer forex trading and CFDs on indices, energies, metals, and more. The broker is reputable for offering high-speed execution, tight spreads that start from 0 pips, and 25/6 customer support services. The minimum deposit required to start trading online with BlackBull Markets is $200 whilst free demo accounts are available if you wish to practice your trading strategies to begin with.

Founded in 2014 in Auckland, New Zealand, by a team of experts who are experienced in forex trading, Fintech development, and data security fields, BlackBull Markets has grown to have representative offices in New York, London, Jakarta, and Kuala Lumpur. BlackBull Markets won the highly coveted Deloitte Fast 50 award, among several other awards owing to their premium trading tools and innovative solutions in Fintech.

As a true ECN broker, BlackBull Markets operates the Straight Through Processing execution model, which offers access to the interbank markets without the intervention of a dealing desk. The broker offers its services to tens of thousands of traders from over 180 different countries.

Instruments

BlackBull Markets offers over 300 financial instruments across various asset classes, including currency pairs, indices from major markets, precious metals such as gold and silver, and commodities including energy, gas, and oil.

Forex

At BlackBull Markets, traders can trade over 64 major, minor, and exotic currency pairs under favourable trading conditions, such as flexible leverage up to 500:1, spreads from 0.1 pips, and reliable trading infrastructure.

Index CFDs

The broker allows traders to diversify their portfolios and access global equity markets through a range of Index CFDs, including AUS200, GER30, US30, SPX500, UK100, and JPN225.

Interestingly, BlackBull Markets offers ultra-low latency trading on CFDs, and they do not charge a commission on Index CFDs.

Commodities

BlackBull Markets offers a good selection of commodities, such as energies, gas, oil, with leverage of up to 1:500. The available commodities at BlackBull Markets can be grouped into two categories, namely:

• Hard commodities — gold, silver, and crude oil
• Soft commodities — sugar, cocoa, and livestock.

Precious Metals

The broker offers online trading of some precious metals, including gold and silver, that are often regarded as a safe haven during periods of turmoil in the financial market. BlackBull Markets allows the trading of precious metals with flexible leverage and minimum trade sizes.

Energy

With a low-cost pricing model and flexible leverage, the broker’s clients can trade various energies, such as natural gas and oil.

Platforms

BlackBull Markets provides their clients with the very popular MetaTrader 4 (MT4) trading platform. In addition to MT4, the broker also provides a FIX API option for clients who wish to bypass the MT4 application and trade with direct market access (DMA).

MetaTrader 4

The MT4 is an advanced trading platform that is reputed for being one of the best trading platforms among forex and CFDs traders. The platform was introduced in 2005 by MetaQuotes, a Russian software company.

The BlackBull Markets’ MT4 trading platform is designed to execute trades speedily from 2 to 5 milliseconds, thanks to its connection to the NY4 Equinix server that is located on Wall Street. The NY4 server allows traders to directly trade the markets with a vast array of liquidity providers supplying the best bid/ask prices available, with less slippage and tight spreads.

In addition, the MT4 trading platform is replete with a range of essential trading features and extended capabilities, including:

• One-click trading
• Real-time market quotes
• 85 pre-installed technical indicators
• Chart analysis tools
• Multiple chart timeframes
• Several order types
• Trading strategy templates
• Trade automation using expert advisors, and more.

The platform is available as desktop applications for Windows and MAC computers, a web terminal that can run on most modern browsers — Chrome, Safari, Firefox, and Edge, and mobile applications for iOS and Android devices. The mobile app is best suited for traders who wish to place trades and open trading positions on their mobile devices while on the move as long as they are connected to the internet.

FIX API Trading

The broker provides traders with a FIX API to seamlessly bypass the MT4 application and trade with Direct Market Access (DMA). With the FIX API, traders can connect directly to the ECN grid. DMA can increase transaction speeds and reduce latency. However, FIX API trading solutions are only available to institutional account clients.

Tools

To ensure that traders enjoy an enhanced trading experience, BlackBull Markets provides them with a good range of useful trading tools. These trading tools are the following:

Virtual Private Servers

BlackBull Markets provides traders with Virtual Private Servers that Equinox Servers host through fibre optic cables. The VPS enables traders to run their automated trading system 24/7 with zero downtimes. It can be customized to suit the trader’s requirements and reduce latency by up to 30%. To qualify for a free VPS at BlackBull Markets, traders are required to open a Prime account with a minimum deposit of $2,000 and maintain 20 lots of trading volume per month.

MAM / PAMM

The MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts are solutions for money managers who need to execute bulk orders from one master account to multiple other accounts.

BlackBull Markets offers the MAM and PAMM accounts to traders. While the MAM account is a customizable software that is designed to run on the MT4 trading platform, the PAMM account is a customizable software with a central liquidity pool to allocate profits.

SwipeStox

SwipeStox is an online social trading platform that creates a community where traders can discuss everything trading-related to help improve their knowledge and skills. The SwipeStox has a copy trading functionality, allowing traders to copy signals from fellow traders for a fee or provide their own signals. Traders can sign up for the SwipeStox and link their trading account to their SwipeStox account — all for free.

PsyQuation

PsyQuation is a useful trading tool that traders can use to analyze their trades. The PsyQuation helps to guide traders on weak areas and ways in which they can be improved. Traders can create a PsyQuation account and link it with their BlackBull Markets MT4 account.

Economic Calendar

The broker offers the economic calendar; it is a useful trading tool that shows the schedule of future market events and their expected impacts on the financial markets. MetaQuotes power the economic calendar widget on the BlackBull Markets website.

Education

The broker has some tutorial videos that cover basic trading topics, such as using your trading account and conducting chart analysis. Apart from those, there are no other educational resources.

Conclusion

Based in Auckland, New Zealand, BlackBull Markets is an innovative and fully registered broker that was launched in 2014. The broker offers online trading in a wide range of assets through the MT4 platform and FIX API. They provide traders with the right resources — useful trading tools, multiple learning resources, responsive client support team, and more — they need to succeed in the financial markets. The broker offers various competitive trading conditions, such as tight spreads, leverage of up to 1:500, multiple account types, secure payment options, and more. The minimum deposit required to start trading is $200.