This ownership grants investors certain privileges, such as voting rights in company decisions, which are not available with CFD trading. 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. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee.
What about MetaTrader? How about copy trading?
If you practice Islam, you are forbidden from taking or receiving riba or interest payments. Consequently, this prevents you from trading forex and other derivative products, as brokers charge overnight ‘swap-fees’ (interest) on your positions. A good choice of social and copy trading 3rd party tools are available with each broker. Both brokers offer MyFxBook to integrate with MetaTrader Platforms along with MetaTrader Signals. The Blackbull Markets ECN Prime account charges $3.00 USD (converted to your base currency at the spot forex rate) per trade for a standard lot of 100k units. These spreads are published on the broker’s website or provided by the broker and are updated each month.
Customer Service
The PsyQuation helps to guide traders on weak areas and ways in which they can be improved. Traders can create a PsyQuation account and link it with their BlackBull Markets MT4 account. With a low-cost pricing model and flexible leverage, the broker’s clients can trade various energies, https://forexbroker-listing.com/ such as natural gas and oil. This feature grants you the flexibility to choose the platform that best aligns with your expertise. If you’re a stock veteran, you can also capitalize on BlackBull Invest to invest directly in shares of major companies for long-term wealth-building.
BlackBull Markets Features
You can create a demo account by filling in a short online application form and setting the custom parameters of your account. You can open a live account and set up your client login in just a few stages. Complete the online registration form and submit your ID verification. Keep an eye on the latest session timetables via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays. Note, Islamic accounts and Active Trader accounts are available for eligible clients.
Is IC Markets or BlackBull Markets safer for forex and CFDs trading?
Traders can request withdrawals from the secure back office of BlackBull Markets in a straightforward process, usually completed within 24 hours except for bank wires. Clicking on Live Account on the homepage of BlackBull Markets opens the four-step online application process. Select one or more of these brokers to compare against BlackBull Markets. Read our full explanation and accounting of our research and testing process to learn more about how we test. Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand. The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014.
The legal texts are free of ambiguous language, and the broker’s services and responsibilities are clearly defined. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid.
What Are CFDs?
Additionally, partners benefit from the guidance of a Personal Affiliate Manager with years of industry experience. An even better account option for well-funded and expert high-volume traders is the ECN Institutional account. It features spreads starting from 0.0 pips (ultra-raw spread), a $4 per lot commission and a $20,000 minimum account requirement. That is, a total trading cost of $4, which is low compared to the other accounts. These encompass chart exports, backtesting, fundamental stock data, trade ideas, chart exports, heatmaps, real-time global news and earnings calendars.
With our finds, we see BlackBull Markets provides quality trading conditions and is a fully regulated broker. The online broker’s standout feature is its ultra-fast order execution, a critical advantage for many traders. In our 2024 tests, BlackBull Markets demonstrated the fastest execution speeds among all brokers we evaluated. Their ECN Prime Account pricing is highly competitive, offering low spreads starting from 0.1 pips. These features are particularly beneficial for strategies such as scalping or automated trading, where the combination of speed and narrow spreads is crucial for success. BlackBull’s FIX API facilitates ECN integration and direct market access (DMA) by directly connecting institutional traders to BlackBull Markets’ bridge provider.
The broker charges stable spreads on stocks and indices, and we discovered that the spreads on the tested instruments were lower than industry benchmarks. BlackBull Markets offers a bonus programme to its clients with a maximum payout of $250. BlackBull Markets allows its clients to make withdrawals via the same payment methods available for deposits making it easy for investors to access their funds. BlackBull Markets has a lot to offer, with over 26,000 things to trade. They also offer different types of accounts, like the ECN Standard account. Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.
I like that BlackBull Markets offers the FIX API, allowing algorithmic traders to connect advanced trading solutions. Free VPS hosting from NYC Servers or BeeksFX is available for ECN Prime accounts with trading volume above 20 lots, which is an offer I find reasonable. BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade plus newcomer HokoCloud. BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders. Through the ZuluTrade social trading platform, Blackbull clients can gain exclusive access to a vast pool of professional traders and trading systems.
- Pepperstone has lower minimum spreads compared to Blackbull Markets for both account types on offer.
- However, the videos are located in the broker’s video channel instead of on its website, which can be quite confusing.
- The brokerage is also registered with the Financial Services Provider Registry (FSPR) with license number FSP and is a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme.
- This ownership grants investors certain privileges, such as voting rights in company decisions, which are not available with CFD trading.
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. Once your account is approved, you can make a deposit to your BlackBull Markets account and start trading on one of their trading platforms. In our 2024 testing, BlackBull Markets not only outperformed industry standards but also emerged as the broker with the fastest execution speed among all those tested. They achieved an average limit order speed of 72 milliseconds, which is 44.6% faster than the industry average of 130 milliseconds. For market orders, their speed was 90 milliseconds, 36.2% quicker than the industry average of 141 milliseconds.
It results in a broad-based choice of trading instruments ideal for demanding asset managers and long-term dividend income-generating portfolios. BlackBull Markets has also added cryptocurrency CFDs, and the only asset class not offered is ETFs. For example, the addition of quizzes and progress tracking features could help BlackBull further improve its educational offering for retail traders.
In such a case, BlackBull Markets ensures a customer service representative is available. Beginner traders get fifteen videos, and numerous short Trading Guides, offering an in-depth introduction to trading. While I prefer more content, BlackBull Markets presents enough information for beginners. And especially thanks to Nalnish Kumar blackbull markets review he was provide the best effort and coordinat with the round -the clock help customer support. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.