The broker provides daily market update videos published on its YouTube channel and live streams longer session covering new economic releases in a live-trading-room format. Traders who prefer a https://xcritical.online/ modern platform should try the MT5 platform since the MetaTrader 4 forex trading platform is a bit dated. BlackBull Markets offers a bonus programme to its clients with a maximum payout of $250.

1. We then asked how we can open an MT5 account and were instructed to send an email to
2. On the other hand, the ECN Standard Account doesn’t charge any commissions.
3. There is a very high degree of risk involved in trading securities.
4. BlackBull Markets is a Forex broker that gives you a wide range of instruments to trade besides Forex.

A closer review of the spreads charged in our trades revealed that they were all below industry standards. In our tests, we traded the most popular instrument in each market. We placed 3 trades for each instrument to get an accurate estimate of the average spread. We tested BlackBull Markets’ Standard Account on the MT5 and MT4 platforms, which charged a spread on all trades. We contacted the broker’s customer support team to resolve the challenges we faced.

BlackBull Markets Islamic Account

Beginners should not consider demo trading as a full simulation tool, and instead consider completing their education by opening a BlackBull Markets ECN Standard account with a small deposit. BlackBull Markets caters to causal beginner traders and demanding active traders alike. While the trading technology and infrastructure remain market-leading for all traders, the trading costs and services differ, but all three BlackBull Markets account types compete at the top tier. BlackBull Markets offers one commission-free account and two competitively priced commission-based alternatives. We have reviewed the three BlackBull Markets account types, so that you can pick the most suitable one for your circumstances.

Commissions and fees

Most brokers who offer high leverage usually have licenses from offshore jurisdictions. The broker has a ‘trading resources’ section on its website that offers an economic calendar, which is very useful to traders. The broker publishes about 10 timely analysis (fundamental and technical) pieces covering the major markets.

Customer Service

Their offer suits both low volume traders interested in no commissions and high volume traders looking for a commission driven approach with low spreads. BlackBull Markets spreads are definitely very competitive but in order to gain access to the lowest ones, a user must be willing to start with an ECN prime account with a minimum deposit of $2,000. CFDs xcritical rezension are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.

The broker’s collection of instruments is lower than those offered by the top brokers. The broker charges a 2.5% fee on credit card deposits, with credit card withdrawals attracting a €5 fee and Neteller withdrawals attracting a €4 fee. BlackBull Markets charges other non-trading fees, including deposit and withdrawal fees. We traded the popular instrument in each market to identify the actual spreads and placed a total of 12 trades. When trading BlackBull Markets forex currency pairs, your lot sizes start at 0.01 and can go up to 200. In this article, you’ll get a review of this broker, including analysis and instructions to open an account with BlackBull Markets.