BlackBull Markets Review from freeamfva's blog
BlackBull Markets Review
BlackBull Markets offers the full MetaTrader suite (MetaTrader 4 and MetaTrader 5) alongside multiple social copy trading platforms and a web app powered by TradingView.To get more news about blackbull review, you can visit wikifx.com official website.
However, its sparse education and modest research materials leave BlackBull Markets struggling to compete with the best forex brokers in those categories.
Offering of investments
BlackBull Markets has significantly expanded its range of markets with the launch of BlackBull Shares. The broker now offers over 26,000 tradeable symbols; 2,500 are available on MetaTrader 5 and TradingView, and 311 symbols on MetaTrader 4. The table below summarizes the different investment products available to BlackBull Markets clients.
Cryptocurrency: Cryptocurrency trading is available at BlackBull Markets through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
Commissions and fees
Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose.
Spreads: The average spread for the Standard account came to 1.25 pips in October 2021, making it a pricier option than BlackBull Markets’ ECN Prime account (my preferred choice). After including the round-trip commission equivalent of 0.6 pips per trade on the ECN Prime account, the effective average spread for the EUR/USD is 0.824 for October 2021.
Accounts comparison: The Standard account is commission-free and has no minimum deposit requirement. The ECN Prime account offers lower spreads, but requires a $2,000 minimum deposit, and there is a commission of $3 per side or $6 round turn per lot. The ECN Institutional account is BlackBull’s more exclusive option for active traders that deposit at least $20,000, with commission rates that are negotiated with the broker on a case-by-case basis.
Mobile trading apps
With no proprietary mobile app available, BlackBull Markets trails behind industry leaders such as IG and Saxo Bank. For our top picks among trading apps, read our guide to Best Forex Trading Apps.
Apps overview: As BlackBull Markets is a MetaTrader-only broker, iOS and Android versions of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) app come standard and are both available for download from the Apple App Store and Google Play store, respectively.
Other trading platforms
BlackBull Markets offers the full MetaTrader suite, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop and web. Also available are TradingView, as well as the broker’s BlackBull Shares platform (powered by Interactive Brokers’ TWS platform).
Platforms overview: With a limited range of markets and no platform add-ons, there is simply not much to say about the broker’s MT4 offering. The special features that are available come by way of third-party providers, such as support for Virtual Private Servers (VPS) hosting and the integration of third-party social copy trading apps. Besides MetaTrader, TradingView and HokoCloud are also available at BlackBull Markets.
Social copy trading: BlackBull Markets offers several third-party apps for social copy trading, in addition to the native Signals market available in MT4. Supported copy trading platforms include ZuluTrade and MyFxbook.
VPS hosting: For algorithmic traders that want to run their MetaTrader platform 24-7 from a Virtual Private Server (VPS), BlackBull Markets offers VPS service from BeeksFX for a monthly fee. Free VPS service is also available if you deposit at least $2,000 in the ECN Prime account and complete at least 20 standard lots (2,000,000 units worth of trading volume) each month.
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By | freeamfva |
Added | Feb 22 '23 |
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