It is crucial to read the broker review before trading with the broker. You can find the BlackBull Markets review in detail below. BlackBull Markets is a standard MetaTrader brokerage with an expanding product offering and compatibility for a few third-party social trading sites.
Yet, due to the absence of research and training resources, it is unable to compete against the best FX brokers. BlackBull Markets is rated as a moderate risk broker with an average trust score (70/99). The broker is not traded publicly, doesn’t run a bank, and is regulated by zero tier-1, one tier-2, and no tier-3 authorities.
The broker has more than 280 tradeable symbols, that’s around the standard for the industry. The list below outlines the various investment options accessible to BlackBull Markets users.
Crypto trading is not available at the broker.
- Forex Trading
- CFD Trading
- Copy Trading
- 281 Tradeable Symbols in total
- 30 Forex Pairs in total
BlackBull Markets Review – Pricing
The broker’s trading fees are around the typical for the market and can differ based on which of its 3 account options users pick.
Spreads: The Standard account’s typical spread is around1.25 pips, making it a more expensive alternative than the ECN Prime account option. After accounting for the round-trip cost equal to 0.6 pips for each transaction on the ECN Prime account, the effective median spread for the EUR USD pair is 0.824.
Comparing the accounts: The Standard one is free of commissions & needs just a $200 deposit. The ECN Prime account has reduced spreads but needs a $2,000 minimum deposit as well as a $3 for every side or $6 round turn for each lot fee. The ECN Institutional account is the broker’s more special alternative for active traders who invest a minimum of $20,000, including commission rates, agreed on a particular circumstance with BlackBull Markets.
The broker lags after industry giants like IG & Saxo Bank due to the lack of its own mobile application.
Apps review: Because the broker is an MT-only broker, iOS and Android editions of the MT4 and MT5 apps are included and may be downloaded from the App Store iTunes Store and the Google Play Store.
- Android App
- Apple iOS App
- 30 Charting – Indicators in total
- Charting – Draw Trendlines
- Alerts – Basic Fields
- Watch List
- Charting – Multiple Time Frames
- Charting – Drawings Autosave
- Forex Calendar
The broker is an MT-only broker that provides the MT4 and MT5 platform suites for web & desktop trading.
Review of platforms: There isn’t much to discuss the BlackBull Market’s MetaTrader 4 product because it has a restricted variety of markets and no platform add-ons. Third-party suppliers offer specific features like compatibility for VPS (Virtual Private Servers) hosting and incorporation of third-party social trading applications.
Social trading: Additionally, the broker provides many third-party programs for social (copy) trading. ZuluTrade & MyFxbook are two services that offer social trading.
- Virtual Trading (Demo)
- Desktop Platform (Windows)
- 30 Charting – Indicators in total
- 15 Charting – Drawing Tools in total
- Charting – Trade From Chart
- A total of 7 Watchlists – Total Fields
- Web Platform
- Copy Trading
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
Market Analysis and Research
In comparison to the leading FX and CFD brokers in this area, BlackBull Markets does not provide a comprehensive range of market research coverage in written or audio-visual format.
Scope of the research: The broker publishes a regular series that includes technical and basic analysis for certain trade symbols. The Trade in 60 Seconds series, for instance, consists of one-minute videos that concentrate on a certain trading symbol — like a specific fx pair or CFD.
Industry news and analysis: The Market Reviews materials & videos created by the broker’s own staff are of great quality and give depth.
Continuing the creation of live broadcasts, combined with a general growth of regular content, is a positive step for the broker. Doubling the amount and limitations of the research might assist the broker in improving its ranking in this area in comparison to the industry leaders.
BlackBull Markets Review – Training & Education
The total training offerings of BlackBull Markets seem to have a bit of a way to go before it can compete with the finest FX brokers for newbies.
Education center: On BlackBull Market’s website, it has a section for education, with sections like “Learn To Trade.” These, though, are frequently lacking complete resources. The only videos accessible in this area are platform instructions, which, although useful for the products, are not informative in nature. Having said that, it’s important to note that the broker offers a set of instructive videos available on its Youtube page. These, along with its Whiteboard Wizards playlist, are of good quality.
There are improvements to be made in the Trading Videos area, which offers around a half-dozen videos that concentrate on platform instruction instead of forex trading basics. Introducing more sophisticated instructional videos as well as broadening the availability of video content would boost the broker’s learning offering.
BlackBull Markets Review – Verdict
Although there seems to be an increasing product offering on MT as well as support for social trading instruments, the broker trails behind the leading brokers in numerous critical areas, including research and education. Also, it’s worth remembering that BlackBull Markets now has a poor Trust Score since it has a limited number of regulatory approvals.
BlackBull Markets is recent in the brokerage industry and also has a lot of potentials to expand in order to compete. Till it does, there are other reliable brokers to choose from.
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