Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor. I had some specific questions around leverage (that the AI bot and generic pages didn’t answer well), margin calls and demo accounts. I can’t be more happy with my decision to choose these guys for my broker. BlackBull Markets offers trading platform demo accounts to allow traders to practice and familiarise themselves with the platforms before trading with real funds. The demo account options include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, BlackBull CopyTrader, and BlackBull Shares.
As shown in the table below, these commission rates are lower than the industry average, with brokers charging around $3.44 USD. The lower commission fee of the ECN Institutional account is particularly attractive for reducing trading costs, though it’s important to note that this account type may not be accessible to all traders. Withdrawals above the deposit amount using payment processors are not possible. Traders must make such withdrawals directly to their bank accounts. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution.
It also maintains a subsidiary, BBG Limited, authorized by the Seychelles Financial Services Authority (FSA). BlackBull Markets offers a good variety of social trading sources like ZuluTrade or MyFXBook. The only xcritical scammers condition is that you have enough funds and your copy-trading parameters allow it. Some of the payment methods may not be available, depending on your country. BlackBull Markets accepts a wide range of methods either to deposit or to withdraw. Unfortunately, BlackBull Markets doesn’t offer a no-deposit bonus for new clients.
BlackBull Markets Social Trading
By using BlackBull Market’s social trading, you can copy trading strategies from other scammed by xcritical traders, replicating their performance. Just make sure that you choose your sources xcritically to make the most of BlackBull Market’s social trading features. This means that you can trade using micro lots, equivalent to 1,000 units of the base currency, which is the same as trading with a 0.01 lot size. BlackBull Markets is a very well-known broker that facilitates the day-to-day financial transactions of over 10,000 of clients worldwide. Since its founding in , this broker has built a solid reputation on a wide range of financial instruments. BlackBull Markets makes it simple to get your money out of the BlackBull Markets platform.
- Because after my confirmation that I want to withdraw my money, I have to wait for approval from someone and then 3-5 business days.
- You can view the highest leverage forex brokers to see how the broker compares to other providers with high margin trading.
- Traders get a choice of six payment processors at BlackBull Markets, but not all traders may have access to all of them, depending on their geographic location.
Broker Comparison
BlackBull Markets need to be able to prove who you are due to anti money laundering laws and the financial regulation BlackBull Markets adheres too. At some point your will want to withdraw your trading profits from your BlackBull Markets account. BlackBull Markets will provide a number of withdrawal methods that are usually processed in 1 to 10 days by BlackBull Markets. Overall Blackbull Markets review shows they are a good choice for New Zealanders wanting a forex broker that offers FMA regulation and has ECN trading with low spreads.
Is Copy Trading Allowed With BlackBull Markets?
Since BlackBull Markets is a well-known and regulated, it is in their best interest to ensure that the withdrawal process is as straightforward and uncomplicated for BlackBull Markets clients. You can get in touch with BlackBull Markets customer support team through the Live Chat service, or you can submit a ticket through the help service centre. BlackBull Markets are available around the clock, Monday through Friday.
easyMarkets Broker
New traders must submit a copy of their ID and a proof of residency document dated within the past three months. Regrettably, BlackBull Markets limits its demo account to just 30 days, and it is only available on the MT4 trading platform. While the trading conditions are not identical to a live one, BlackBull Markets should allow for longer than 30 days. BlackBull Markets offers a free VPS subscription if your trading volume exceeds 20 lots per month, in Forex currency pairs or Metals. BlackBull Markets is a Forex broker that gives you a wide range of instruments to trade besides Forex.
High-volume traders may negotiate rebates with BlackBull Markets, and I appreciate the flexibility this broker provides in that department. BlackBull Markets is a New Zealand-headquartered Forex broker and FinTech company. It prides itself on speed and precision, promising traders ECN/NDD execution with deep liquidity through the MT4/MT5 trading platforms. I have conducted an in-depth review to determine if their advertised ECN, deep liquidity, and price aggregation, as well as institution-level pricing for retail traders, lives up to the hype. Traders must also consider third-party payment costs and potential currency conversion fees.