By Nathan Ferguson
BlackBull Markets Review
You can find brokers all over the world these days. However, the real challenge is knowing which ones are reliable, which is why we want to tell you about BlackBull Markets. BlackBull Markets is a New Zealand based broker founded back in 2014, having won multiple awards from 2018 till 2020. Its primary objective is to simply be the best leading broker in the ‘Foreign Exchange’ and ‘Financial Technology’ categories. An ECN and ‘No Dealing Desk’ broker through and through, BlackBull Markets chooses to focus its attention towards fintech solutions, fibre optic communications, commodities, CFDs, and forex. So, read through this BlackBull Markets review to find out all about this broker and why it might be a great choice for you.
Institutional grade products
BlackBull Markets has some fantastic institutional-grade products that its users can take advantage of. We observed it to have an unparalleled depth of market, which involved a maximum of one hundred lot trades per click at a leverage of 1:500. There is also the proprietary trade order-based aggregation system which helps to lessen spreads whilst simultaneously increasing the available markets and the execution speeds.
Furthermore, traders will be granted tailor-made account support complete with a personal account manager. 24/6 live support is also given. Lastly, VPS (Virtual Private Servers) are additionally available.
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Security and safety
We noticed that BlackBull Markets acknowledges the seriousness of safety concerns that have enveloped the entire online trading landscape lately. As such, this broker uses the latest and most stringent security measures and standards that you can find, and online safety and security are always encouraged. BlackBull Markets has even instructed its own staff to encourage safe behaviour online, as no one is truly safe from hacks, scammers, etc., nowadays.
BlackBull Markets has also made some things clear regarding how it operates in order for its users to know about its safety guidelines and to be aware of any potential fraudulent behaviour. To that end, the broker shall only be sending out emails to its clients from its official domain, which is blackbullmarkets.com, and hence all emails from any other domain should be ignored.
Furthermore, the broker shall only contact the users via New Zealand phone numbers, which traders can be made aware of through the country code of +64. In addition to having the withdrawals and deposits only be made via the broker’s ‘Secure Client Area’, BlackBull Markets also encourages its clients to check the presence of the SSL Certificate whenever a visit to the website is made, as this ensures that traders are on the correct encrypted site.
Regulation and legal concerns
Of course, you would want to choose a broker that does not have any legal problems, which may cause issues later on. While there are some regional differences pertaining to BlackBull Markets’ legal documentation, each user will be informed of any and all changes and policies throughout the registration process.
Nevertheless, you are expected to have read through and fully understood the broker’s different documentation and policies, which includes BlackBull Markets’ ‘Dispute Resolution Scheme’, the ‘Client Services Agreement’, the ‘Product Disclosure Statement’, the ‘Privacy Policy, and any other relevant document. Also, BlackBull Markets complies with all AML regulatory policies and users are required to have a valid and unexpired credit card and bank account as well as a registered address.
Trading accounts
BlackBull Markets has a few different trading accounts that can be used. As far as we can tell, there are three main account types, namely the ‘ECN Standard’, ‘ECN Prime’, and ‘ECN Institutional’ options, with the ‘ECN Prime’ account type being the most popular.
Furthermore, the broker also has an ‘Active Trader Account’ through which users can receive a dedicated and personal account manager that will be available 24/7, a separated customer account, advanced reporting, VPS hosting services, and customized negotiable packages and solutions. An Islamic-friendly account option is additionally available.
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Customer support
BlackBull Markets has a great and reliable customer support team ready to help you out with any problems you may encounter.
Support services involve those centred around account management, withdrawals and deposits, trading hour changes, trading conditions, fund security, and MetaTrader 4. BlackBull Markets can also be used in many different languages, such as English, Portuguese, Chinese, French, Thai, and Spanish.
Conclusion
Needless to say, BlackBull Markets is a fantastic choice as your preferred broker. It has a demo account function that users can utilize to practice and perfect trading strategies, and its customer support, security, and trading features are all excellent. It is highly accessible by traders based anywhere in the world, so go ahead and give it a try for yourself.