In recent years, there has been a significant shift in the way Indians invest their money. Many investors, including me, are moving away from traditional, local investment options and instead turning to foreign markets and brokers to diversify their portfolios.
As an avid investor, I always seek new and exciting opportunities to grow my portfolio. One foreign broker that has gained popularity among Indian investors is BlackBull Markets.
Recently, I heard about BlackBull Markets from a friend who had a positive experience with the broker.
Intrigued, I decided to do some research and see what BlackBull Markets had to offer. After reading numerous reviews and speaking with other investors who had used the broker, I decided to try it.
With the context in place, I decided to try out the platform and dive deeper into researching and using BlackBull.
Here is what I found.
What is BlackBull Markets?
BlackBull Markets is a leading online forex and CFD broker based in New Zealand.
BlackBull Markets offers a wide range of financial products and services for traders, including currency pairs, commodities, indices, and equities. It also claims to offer low spreads and fast execution speeds.
They also offer a range of educational resources and tools for traders. These tools include market analysis, trading signals, and a range of trading platforms, including the popular MetaTrader 4 and 5.
In addition to its online trading platform, BlackBull Markets offers various other financial services, including managed and PAMM accounts. You must note that trading forex and CFDs carries a high level of risk and may not be suitable for all investors.
What are the services offered by BlackBull Markets?
When it comes to online brokers, it can be not easy to find one that caters to both beginner and advanced traders. But, that’s what makes BlackBull Markets a unique product.
This broker offers a range of trading platforms suitable for traders of all levels, from beginners to experienced professionals.
As per BlackBull’s data, over 50,000 traders use their platforms each month, a significant portion of those being beginner traders.
All the trading platforms BlackBull Markets offers are relatively user-friendly in terms of ease of use. They have intuitive interfaces and clear instructions for navigating the various features and tools.
Below are the services and products offered by Blackbull Markets:
Trade with TradingView
BlackBull Markets offers TradingView as one of its trading tools. TradingView is a popular financial charting and analysis tool that allows traders to view and analyze market data in real time.
It offers a range of features and tools, including technical indicators, charting tools, and customizable templates, to help traders analyze market trends and make informed trades.
Traders can access the TradingView platform directly from the BlackBull Markets website or through the BlackBull WebTrader platform.
To use TradingView, traders must create a free account on the TradingView website and connect it to their BlackBull Markets account. Once the accounts are linked, traders can access the TradingView platform and use its features and tools to analyze market data and make trades.
TradingView is a valuable tool for traders who want to analyze market trends and make informed trades. It is suitable for traders of all levels, from beginners to experienced professionals.
BlackBull Markets offers TradingView as a free service to its customers, making it a convenient and cost-effective way for traders to access advanced charting and analysis tools.
The MetaTrader 4 (MT4) is one of the most popular tools by BlackBull among traders. It is difficult to get accustomed to, but once you know how to use it, it’s very hard to replace. The tool offers advanced and valuable features if you are a full-time trader.
It gives a range of technical indicators, charting tools, and customizable templates to help you analyze market trends and make informed trades.
MT4 also offers automatic trading and expert advisor (EA) capabilities, allowing you to set up your trading strategies and execute them automatically. MT4 is suitable for both beginner and advanced traders.
The MetaTrader 5 (MT5) is the latest version of the MT4 platform and offers even more advanced trading features and tools. It includes all the features of MT4, additional charting tools, and technical indicators, and improved EA capabilities.
MT5 is suitable for advanced traders who require the most comprehensive set of trading tools and features.
BlackBull Markets MT5 MultiTerminal
BlackBull Markets offers the MT5 MultiTerminal as a trading platform for traders who need to manage multiple accounts simultaneously.
The MT5 MultiTerminal is a powerful tool that allows you to execute trades on multiple accounts simultaneously. I think it is the most useful for professional traders and money managers who need to manage multiple accounts.
It offers many of the same features and tools as the MT5 platform. To use the MT5 MultiTerminal, traders must have an MT5 account with BlackBull Markets and download the platform from the company’s website.
Once the platform is installed, traders can log in to their accounts and start managing multiple accounts from a single interface.
The MT5 MultiTerminal is available for both Windows and Mac operating systems, making it a convenient tool for traders who use different devices.
BlackBull Markets MT4 MultiTerminal
Like the MT5, MT4 MultiTerminal is an advanced version of the MT4 platform. It is specifically designed to manage multiple accounts simultaneously for traders using the MT4 trading platform.
Like the previous tool, it allows traders to execute trades on multiple accounts simultaneously, making it useful for professional traders and money managers who need to manage multiple accounts.
BlackBull WebTrader is an in-house developed platform that offers many of the same features as MT4, including technical indicators, charting tools, and customizable templates. I would say it is a browser-based platform that you can access from any device with an internet connection.
BlackBull WebTrader is suitable for both beginner and advanced traders, and is particularly convenient for traders who prefer to access their accounts from multiple devices.
BlakcBull Shares is a mobile trading app for Android and iOS devices. It allows you to access your BlackBull account and then trades on the go just through your smartphone.
The app offers many of the same features and tools as desktop platforms. It has different technical indicators, charting tools, customizable templates, and all you need in a feature-packed trading app.
But it’s not even close to what they offer on the desktop or web versions. I think It is suitable for traders who need to access their accounts from multiple devices just to check their placed orders and make some minor changes.
BlackBull Research is a comprehensive research and analysis service that provides traders with insights and analysis on financial markets and economic trends. It is designed to help traders make informed decisions and improve their trading performance.
BlackBull Research is available to all BlackBull Markets customers and is provided by a team of experienced market analysts.
It covers various topics, including market analysis, trading strategies, technical analysis, and economic news. It is updated regularly to provide traders with the latest information and insights on financial markets.
Traders can access BlackBull Research through the BlackBull Markets website or the company’s trading platforms.
It is available in various formats, including articles, videos, webinars, and market reports. BlackBull Research is suitable for traders of all levels, from beginners to experienced professionals.
BlackBull Research is a valuable resource for traders who want to improve their skills and knowledge.
It provides various educational resources and insights on financial markets and economic trends, helping traders make informed decisions and improve their trading performance.
They also have the BlackBull Social platform, which allows you to connect with other traders, share trading ideas and strategies, and follow other traders’ trades.
BlackBull Social is suitable for traders looking to learn from and interact with other traders.
It is a valuable tool for traders who want to learn from more experienced traders and get a different perspective on the markets.
BlackBull Social is available to all BlackBull Markets customers and is accessed through the company’s trading platforms. It is a user-friendly platform that allows traders to follow other traders, share trades, and comment on each other’s trades.
It is a user-friendly platform suitable for traders of all levels and helps them build a community and learn from each other.
Per their official data, over 15,000 traders use BlackBull Social monthly. The platform benefits traders just starting out, as they can learn from established, experienced professionals.
It is a valuable resource for traders who want to improve their skills and knowledge and get a different perspective on the markets.
In addition to its trading platforms, the company offers several other products and features to help traders succeed. Here are a few other products and features offered by BlackBull Markets:
- Virtual Private Servers (VPS): BlackBull Markets offers VPS services to traders who want to run their trading platforms and EAs on a dedicated server. VPS services are ideal for traders who want to ensure their trades are executed quickly and without interruption. BlackBull Markets’ VPS services are hosted in a secure data center and offer fast market connectivity.
- Trading Tools: BlackBull Markets offers a range of trading tools to help traders analyze market trends and make informed trades. These tools include technical indicators, charting tools, and customizable templates.
They are available on the company’s trading platforms and can be used to analyze market data and develop trading strategies.
How to use BlackBull Markets?
To use BlackBull Markets, you must open an account with the company. Here are the steps you can follow to start trading with BlackBull Markets:
Step 1: Go to the BlackBull Markets website and click the “Join Now” button.
Step 2: Enter your email, click “Get Started,” and then fill out the online registration form with your personal and contact information. You will also need to choose a password for your account and click “Register” to begin your application process.
After that, you will be redirected to a new page, where you have to enter your personal details, including your name, address, etc.
Step 3: Choose your trading preferences. This includes the account type, currency, leverage, and platform.
Provide your employment details. This includes your income, funding amount, sources of income, etc.
Also, in step 3, you will be asked about Forex and CFDs. Provide only correct data and then click on “Next.”
Step 4: You will be required to verify your account. You must add a photo ID or other supporting document like a bank statement, utility bill, etc.
After this is done, you will submit and wait for your account opening application to be processed.
What are the charges to use BlackBull Markets?
In terms of fees and spreads, BlackBull Markets has low spreads on its financial products, with spreads starting as low as 0.0 pips on certain pairs.
They also charge a commission on certain products, which is typically a small percentage of the trade value. It’s important to note that spreads and fees may vary depending on the product you are trading and market conditions.
I will always advise you to consider the fees and spreads when trading a particular product.
|Market type||Trade value||Transaction fee|
|BlackBull Markets||0.002%||minimum $1 | maximum 1% of Trade Value|
|Sharesies||0.4%||0.5% < $3,000 trade value, then 0.1% on portion > 3000|
|Stake||1%||No transaction fee|
|Hatch||0.5%||$3 for the first 300 shares, then an additional $0.01 for every share after|
BlackBull Markets charges fees for depositing and withdrawing funds from your account. The fees may vary depending on your payment method and your trading currency.
Here is an overview of the deposit and withdrawal fees for Indian traders:
- Bank transfer: BlackBull Markets does not charge a fee for depositing funds via bank transfer. However, your bank may charge a fee for the transfer.
- Credit/debit card: BlackBull Markets charges a 2.5% fee for depositing funds via credit or debit card.
- E-wallets: BlackBull Markets charges a 1.5% fee for depositing funds via e-wallets such as Skrill and Neteller.
- Bank transfer: BlackBull Markets charges a ₹1,500 fee for withdrawing funds via bank transfer.
- E-wallets: BlackBull Markets charges a 1% fee for withdrawing funds via e-wallets such as Skrill and Neteller.
What types of markets can you trade using BlackBull?
BlackBull Markets has a lot of financial products for traders to buy and sell on its platform. They include:
- Forex: BlackBull Markets offers a wide range of currency pairs to buy and sell, including major, minor, and exotic pairs. They offer low spreads on its forex products, starting at 0.0 pips on certain pairs.
- Index: BlackBull Markets offers major global indices such as the S&P 500, NASDAQ, and FTSE 100, as well as regional indices such as the China 50 and the Hong Kong 50. Traders can access indices through the company’s trading platforms and use various tools and features to analyze market trends and make informed trades.
- Shares: Shares, also known as stocks or equities, are financial instruments that represent ownership in a company. BlackBull Markets offers shares in various sectors, including technology, healthcare, finance, and more. Traders can access shares through the company’s trading platforms and use various tools and features to analyze market trends and make informed trades.
- Commodities: BlackBull Markets offers a selection of commodities for you to trade, including popular commodities such as gold, natural gas, oil, and silver. They have a competitive spread on their commodity products.
BlackBull also offers a market overview which includes market analysis, trading strategies, technical analysis, and economic news. These available resources can be very useful for traders.
Customer Support and Security
BlackBull Markets prides itself on its customer service and security measures. The company offers 24/7 customer support via live chat, email, and phone. They aim to resolve customer queries and issues as quickly as possible.
BlackBull Markets also has a dedicated customer service team trained to assist You with any questions or problems.
BlackBull Markets protects its customer’s personal and financial information very seriously. They claim to use state-of-the-art security protocols to safeguard its systems and protect against unauthorized access.
Honestly, this is true because there was no security breach when I was using their services.
BlackBull Markets also claims to use advanced encryption technologies to protect its customers’ data as it is transmitted over the internet.
BlackBull Markets is regulated by the Financial Markets Authority (FMA) of New Zealand. The FMA is a government agency responsible for regulating financial markets in New Zealand and ensuring that they are fair, efficient, and transparent.
Being regulated by the FMA means that BlackBull Markets is subject to strict regulatory requirements and must adhere to strict rules and standards regarding protecting its customers’ personal and financial information.
In addition to its regulatory status, BlackBull Markets is also a member of the Financial Dispute Resolution Scheme (FDRS) of New Zealand, which provides an independent and impartial dispute resolution service for customers of financial service providers.
This means that if you have a dispute with BlackBull Markets that cannot be resolved through the company’s internal dispute resolution process, they can seek assistance from the FDRS.
BlackBull Markets’ customer service and security measures are among the best in the industry. Its regulatory status and membership in the FDRS provide additional customer protection.
BlackBull Markets gives you a range of educational resources. This is to help you (no matter your trading level) improve your trading skills and knowledge. These resources include:
BlackBull Markets gives you regular market analysis and commentary on current economic events and trends. This can help you stay up-to-date with the latest developments in the financial markets.
BlackBull Markets offers trading signals and recommendations for buying or selling a particular financial instrument based on technical analysis and market trends.
The company also provides a range of trading guides and tutorials covering various topics, such as technical analysis, risk management, and trading strategies.
These guides are suitable for traders of all levels and can help you learn more about the financial markets and how you can trade successfully.
BlackBull Markets regularly hosts webinars on various topics, such as trading strategies, technical analysis, and market trends.
These webinars are suitable for traders of all levels and provide an opportunity for traders to learn from experienced industry experts.
BlackBull Markets has educational videos covering trading strategies, technical analysis, and risk management.
These market analyses, trading signals, and educational guides can help you stay informed and make informed trades. Also, its webinars and educational videos provide you with more in-depth learning opportunities.
BlackBull Markets offers competitive pricing on its financial products, with spreads starting as low as 0.0 pips on certain pairs.
The company also charges a commission on certain products, which is typically a small percentage of the trade value. It’s important to note that spreads and fees may vary depending on the product traded and market conditions.
In addition to its trading fees, BlackBull Markets charges other fees for certain services, such as account maintenance and inactivity fees.
These fees are disclosed on the company’s website and in its Client Agreement. It’s always advisable to consider the charges when trading with a particular broker.
BlackBull Markets offers a range of account types to suit the needs of different levels of traders, each with its pricing structure.
The company’s account types include Standard, Pro, and VIP accounts. Each account type offers different spreads, commissions, and minimum deposit requirements. Choosing the account type that best suits your trading needs and goals is important.
Here is a brief overview of the different pricing options and trading account types offered by BlackBull Markets:
|Minimum Lot Size||0.01||0.01||0.01|
|Commission pet lot||0||$6||$3|
|Equinix Server||NY4||NY4||Custom Options|
BlackBull Markets is a reputable and reliable online broker that offers a wide range of financial products and trading platforms to suit the needs of different levels of traders.
Its regulatory status and membership in the Financial Dispute Resolution Scheme (FDRS) provide its customers with an additional layer of protection.
My research found that its customer service and security measures are among the best in the industry.
BlackBull Markets also offers a range of educational resources to help you improve your trading skills and knowledge. Its VPS service is convenient for traders who want to run their trading platforms and EAs on a dedicated server.
Overall, BlackBull is a good choice for beginners and advanced traders looking for a reputable and reliable broker. They offer not only a wide range of products and services, but also great services and tools.