I searched their legal documents, but none confirmed the existence of negative balance protection. However, from a regulatory perspective, I can strongly recommend this broker. From a security perspective, client deposits remain well-protected, but I cannot ignore the absence of negative balance protection, particularly for leveraged trading accounts. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Standard Account Fees
The minimum withdrawal amount and processing time also depend on your withdrawal method. A $5 withdrawal charge is applicable regardless of the withdrawal method. Any fees that depositors incur on such transfers are likely due to the bank they use. The tradable asset selection of the broker includes more than 64 currency pairs, index CFDs, commodities, precious metals, and energies. Despite the good reputation and rating of the brokerage, many have complained about various aspects of the services it offers.
- No minimum deposit is required to open an ECN Standard Account, while a $2,000 deposit is needed to open an ECN Prime Account and $20,000 for an ECN Institutional Account.
- In that case, TradingView is a must-have tool in your trading arsenal.
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- Its trading interface is intuitive, and it offers a great selection of drawing tools and technical indicators.
Reviews4.7
The BlackBull Markets Web Trader is a simplified version of the MT4 platform. Its trading interface is intuitive, and it offers a great selection of drawing tools and technical indicators. MT5’s main strengths are fast order processing, support for advanced pending orders and hedging, as well as a bevy of trading tools and technical indicators. MT4 is a fully customizable online trading environment most traders know and love.
Having multiple platforms means you can choose the option that suits your trading style, preferences, goals and risk management strategy. The available choices include the globally recognized MetaTrader suites — MT4/MT5, cTrader and the TradingView platform renowned for its charting capability. The BlackBull CopyTrader and BlackBull Trade are the broker’s in-house platforms. In addition to these two sections, the broker also features a decently comprehensive library of trading videos and a trading guides section. The guides cover technical- and fundamental analysis, as well as a few basic xcritical scam concepts and explanations of technical analysis elements.
Blackbull Markets: A Trusted Choice for PAMM Management
The Trading Resources section offers information on contract expiries and specifications. Market Reviews and an Economic Calendar are also included in the trading resources package. MT5 is another popular MetaQuotes trading platform, covering slightly different needs than MT4. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
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. The mobile trading options available at BlackBull Markets are the MT4 mobile apps for Android and iOS devices.
Like BlackBull Markets, these brokers provide multi-asset CFD trading to institutional and retail investors. BlackBull’s 26,000+ tradable assets, low trading costs and minimal entry barrier are key competitive advantages. For instance, the commission-free and zero-deposit ECN Standard account makes it easy for anyone to start trading, and it takes under five minutes to sign up. It is an active member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. FSCL aims to provide a cost-effective alternative to legal action for resolving disputes in the financial services industry.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. BlackBull’s FIX API facilitates ECN integration and direct market access (DMA) by directly connecting institutional traders to BlackBull Markets’ bridge provider. BlackBull Markets also supports social trading through market leaders ZuluTrade and Myfxbook Autotrade.
How does BlackBull Markets make money?
BlackBull offers an excellent forex xcritical scam and CFD trading environment, featuring extensive trading instruments and advanced trading platforms. It is a wonderful choice for traders that demand superior market access and tools. 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.