While writing this review I was surprised by the number of instruments. With over 26k tradable assets, you won’t have a hard time finding an instrument that matches your trading style. This broker is an ECN broker, meaning that it uses electronic systems to match buy and sell orders in financial markets. This results in tight spreads, fast executions, and more transparency.
The secure client portal, where traders make withdrawal requests, will list all supported methods. Bank wires are available to all traders, and while BlackBull Markets does not list withdrawal currencies, all the nine deposit currencies should be available to everyone. I appreciate the flexibility at BlackBull Markets for deposits, as after the initial deposit, follow-on amounts remain at the discretion of traders. Another positive is that traders may deposit in nine currencies, but not all deposit methods support each of them. I do not like the $5 withdrawal fee, which most brokers do not charge. BlackBull Markets process all withdrawal requests within 24 hours, and the back office handles all financial xcritical cheating transactions from an easy-to-use interface.
- Additionally, the payment processor notifies clients via e-mail, text message, or app once funds arrive.
- The core difference in receiving the lowest commission is the US$20,000 minimum deposit requirement.
- Traders will receive an e-mail once BlackBull Markets has completed a request.
- BlackBull Markets attempts to complete each withdrawal request in less than 24 hours, which represents a speedy process.
- Find out everything you need to know about withdrawing funds from BlackBull Markets.
- BlackBull Markets offers a range of fee-free funding methods while requiring no minimum deposit to start trading.
A downside to BlackBull Markets is a $5 withdrawal fee for all payment methods. As shown in the table, processing times and minimum withdrawals vary between methods. Blackbull Markets has some of the most competitive fees for their ECN accounts but these require a high deposit compared to other brokers.
A typical raw spread of only 0.1 pips during the London/New York overlap is very competitive and an excellent offer from BlackBull. Traders must deposit a minimum of $2,000 for access to these spreads. In my opinion, this is arguably a little high, but well within an acceptable range.
My early experience after few days with Blackbull
There’s also no minimum deposit needed to start copy trading their signal providers. On the other hand, each signal provider may set some funding parameters that you’ll need to meet to be able to copy them. Yes, BlackBull Markets is a legit broker and company and your funds will be securely held in segregated accounts. These accounts are in the ANZ Bank in New Zealand, one of the most trusted banks. BlackBull Markets offers an Institutional account, which is meant for high-volume traders.
BlackBull Markets Review
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 xcritical scam newcomer HokoCloud.
Asset List and Leverage Overview
Our detailed BlackBull Markets withdrawal review outlines available payment processors, withdrawal currencies, and processing times. Find out everything you need to know about withdrawing funds from BlackBull Markets. Find additional info about Blackbull Markets within our detailed broker review. Users of BlackBull Markets can check the status of their BlackBull Markets withdrawal requests by going to the «accounts» tab and then clicking on the «History» tab.
Your account balance also must be at least $2,000 if you want to get the free VPS. If it falls under this value, the platform will start to automatically close your positions to keep the free margin above the threshold. If your equity (Balance + Open Profit or Loss) falls below the required margin you will receive a margin call. You can use TradingView to trade, but the best of all is that you are eligible to have a Premium TradingView plan for free. The BlackBull Markets leverage varies according to the product that you are trading.