This is a swap-free account designed for Islamic traders who are prohibited from paying or receiving interest. Provided you can prove you are of Islamic faith, you will be able to use this pricing structure with any of the Standard, Prime, or Institutional account types. BlackBull Markets offers a free VPS subscription if your trading volume exceeds 20 lots per month, in Forex currency pairs or Metals. This is definitely one of the most useful tools they provide but it’s only available in their share trading platform. BlackBull Markets share trading platform can be a little intimidating for new users but if you’re an experienced trader, you’ll find that this platform can solve all your trading needs. Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO.
BlackBull Markets has xcritical official site a swift online application process, and traders get their demo login details in less than 30 seconds. Traders should consider the pros and cons of the BlackBull Markets account types before opening an account. BlackBull Markets offers a good variety of social trading sources like ZuluTrade or MyFXBook.
ZuluTrade is an online social and copy trading platform which allows traders to copy the trades of more experienced traders in the forex and financial markets to achieve a level of automated trading. The platform offers near-instant execution speeds, interactive charts, and direct market trading using prime liquidity providers. The platform supports Expert Advisors (EAs), as well as MetaScripts, which allow you to create your own automated robots. BlackBull Markets offers trading platform demo accounts to allow traders to practice and familiarise themselves with the platforms before trading with real funds.
BlackBull Markets is well-respected and trusted by thousands of traders globally because of its excellent trading conditions, robust security measures and regulatory oversight. The broker is licensed and regulated by the New Zealand FMA and the Seychelles FSA. BlackBull Markets maintains strict compliance standards regarding client fund protection in line with these financial authorities' regulatory requirements. The program offers incentivized bonuses and payments of up to $250 for any client who signs up on the platform, deposits funds and starts trading through your affiliate link. Like all referrals, BlackBull Markets designed its affiliate program to meet innovative marketing needs.
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. The three BlackBull Markets account types provide traders with competitive choices. The ECN Standard account has a reasonable commission-free cost structure and no minimum deposit requirement, making it ideal for beginners to learn Forex trading. For a BlackBull minimum deposit of $2,000, active algorithmic traders and scalpers can get a cutting-edge trading environment with VPS hosting and API trading in the ECN Prime account. Demanding clients receive an industry-leading offer for $20,000 in the ECN Institutional option. For a minimum deposit of $2,000, active traders get the competitively priced BlackBull Markets ECN Prime account.
- MT4 and MT5 are available for Windows, Macs, Android, iOS, and web browser.
- As an ECN broker, BlackBull Markets lets you trade outside regular trading hours.
- When we used the apps on a portable device, our experts confirmed all options are fully functional with interactive navigator windows.
- 📒 Traders who want to evaluate and compare brokers would like to explore Blackbull Markets’ trading conditions in a risk-free environment.
- Like all referrals, BlackBull Markets designed its affiliate program to meet innovative marketing needs.
- BlackBull Markets offers a genuine Islamic account for all three of its account types and does not substitute the absence of swap rates with other fees, unlike most brokers.
BlackBull Markets Spreads
By using BlackBull Market’s social trading, you can copy trading strategies from other traders, replicating their performance. Just make sure that you choose your sources xcritically to make the most of BlackBull Market’s social trading features. BlackBull Markets gives you access to the most popular trading platforms used by Forex brokers. BlackBull Markets commissions offering is definitely at par with major market players. Their offer suits both low volume traders interested in no commissions and high volume traders looking for a commission driven approach with low spreads.
He has a Masters and Commerce degree and has an active role in the fintech community. The share trading option is ideal for those looking to invest directly in companies and potentially benefit from long-term value appreciation and dividends. BlackBull Markets, established ten years ago in Auckland, New Zealand, is still expanding its international presence, evident from a monthly search xcritical cheating volume of 8,100. Despite this, it is a leading broker in New Zealand that is highly regarded in the local market. Net accounts are especially useful when you want to be able to add and reduce your position size. There are no restrictions against hedging with your BlackBull Markets account.
What are the available deposit currencies for a live trading account?
To get an Islamic account, traders must open an MT4/MT5 trading account and request an Islamic classification. Unlike many brokers, BlackBull Markets does not substitute the absence of swap rates on leveraged overnight positions with other fees, making it a genuine Islamic account. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel.
ECN Institutional Account
Use our comparison tool to compare two brokers based on their trust rating, costs, features, platforms and many other aspects. BlackBull Markets offers a free VPS service for clients with Prime Accounts and FIX API for institutional clients who want to connect directly to BlackBull’s ECN grid. It also offers a copy trading service through two third-party providers, Zulutrade and myfxbook Autotrade, which are available at an additional cost.
BlackBull Markets delivers a comprehensive trading experience that meets the needs of every trader and is therefore highly recommended by Benzinga. TradingView is the #1 charting and analytical platform used by 50+ million traders worldwide. Suppose you're an active day trader or swing trader aiming to refine your strategies and develop unique trading styles.
This includes a proprietary shares app plus MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView and cTrader. Operating from their Auckland, New Zealand office, the support team is well-equipped with expert trading knowledge, ready to provide quality answers to client enquiries. Separate from their CFD trading, BlackBull Markets also provides a share trading facility allowing direct investment in company shares. BlackBull Markets provides a straightforward account opening process with a focus on compliance and security.
The Institutional Account has spread as low as zero and spreads on the Prime Account start at 0.2 pips. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare BlackBull Markets with the top 3 similar brokers that accept traders from your location. 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.