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Blackbull Markets Fees and Spreads

BlackBull Markets fees and spreads review

 

Overall, BlackBull Markets offers competitive fees and spreads. BlackBull Markets fees and spreads start from 0.0 pips to 0.8 pips, and commission-free trading depends on the account traders select making them a low-risk trading option.

 

Blackbull Markets at a glance

Broker's NameBlackBull Markets
📍 HeadquarteredAuckland, New Zealand
📅 Year Founded2014
⚖️ Regulating AuthoritiesFMA, FSA
📃 License numberFSP403326
🌐 Countries not accepted for tradeAfghanistan, Belarus, Burundi, Canada, Central African Republic, Cuba, Democratic Republic of the Congo, Gaza Strip, Guinea Bissau, Haiti, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Pakistan, Panama, The Philippines, Russia, Somalia, South Sudan, Spain, Sudan, Syria, Ukraine, United States, Venezuela, West Bank, Yemen, and Zimbabwe
📒 Account TypesECN Standard
ECN Prime
ECN Institutional
☪️ Islamic account (swap-free)Yes
👍 Demo AccountYes
💰 Sign up bonus No
📊 Institutional AccountsYes
📊 TradingView integrationYes
📊 Share trading of underlying assetYes
📊 Managed AccountsYes
📈 Maximum Leverage1:500
💰 Minimum Deposit$50
➕ Deposit OptionsBank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay
➖ Withdrawal OptionsBank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay
💻 Platform TypesMT4, MT5, WebTrader, FIX, API
📈 Tradable assets offeredOver 23 000 tradable assets
📱 OS CompatibilityWeb, Desktop, Android, iOS (Apple)
👨‍💼 Languages supported on WebsiteEnglish, Chinese, German, French, Portuguese, Spanish
👥 Customer Support LanguagesEnglish, Chinese, German, French, Portuguese, Spanish
☎️ Customer Service Hours24/6
📌Open an account👉 Click Here 👈

 

Overall Rating

4.7/5

Rated #12 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

FMA, FSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Tradeable assets

23 000

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

BlackBull Markets Demo Account Review – 7 Key Point Overview

 

  1. ☑️ Blackbull Markets at a glance

 

BlackBull Markets Fees and Spreads Pros and Cons

✔️ Pros❌ Cons
No deposit feesHigh withdrawal fees
Low commissions
Low spreads starting from 0.00 pips
Competitive trading conditions
Provision made for Islamic Account

 

Cost and Fees, Commissions, and Spreads

🔍 Features🥇 Standard account🥈 Prime account🥉 Institutional Account
💳 Minimum Deposit$50$2000$20 000
💳 Spreads from0.80.20.0
💰 Commission feesNo$6.00 per lotNegotiable
📒 Open an Account 👉 Click Here 👈👉 Click Here 👈👉 Click Here 👈

 

The cost of trading depends on different factors like commissions, spreads, and margins.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and also depends on the asset being traded and the type of service offered by the broker.

Execution-only brokers, which is a broker that does not involve in any personal investment advice and gives traders complete control over how they trade the markets, tend to have lower commissions.

While the contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, its trading on shares will incur a commission.

CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.

BlackBull Markets’ Standard Account has a minimum round-trip cost for trading a Forex currency pair of at least 0.8 pips without commission.

The Prime Account has a minimum round-trip cost of trading the EUR/USD at a minimum of 0.1 pips plus commission equivalent to 0.6 pips. Thus, holders of these types of accounts will never pay less than 0.7 pips.

The Institutional Account has spread as low as zero and negotiable commission rates. This offers a competitive deal for large depositors with at least US Dollars 20 000 in funds. BlackBull Markets do not charge account inactivity fees.

 

BlackBull Markets Deposit and Withdrawal Fees

💰 Funding Method➕ Deposit➖ Withdrawal
💳 Visa and Mastercard✔️ Yes✔️ Yes
💳 Bank Wire✔️ Yes✔️ Yes
💳 Skrill✔️ Yes✔️ Yes
💳 Neteller✔️ Yes✔️ Yes
💳 FasaPay✔️ Yes✔️ Yes
💳 UnionPay✔️ Yes✔️ Yes
💳 Paypal✔️ Yes✔️ Yes
💱 Currency typeUSD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, and ZARUSD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, and ZAR
⌛ Processing time24 hours24 hours

 

Depositing funds to a BlackBull Markets account is straightforward. Traders can use several methods including credit or debit cards, bank wire, FasaPay, Neteller, Skrill or UnionPay.

BlackBull Markets accept deposits in USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, and ZAR. All payments are instant, except from Bank Wire, which takes one to three days to process.

For the withdrawal process, you can also use those methods, but if you are using Credit Card, Skrill, FasaPay, Neteller, or UnionPay, you can only withdraw an amount up to what you have deposited via that method.

Additional profits can only be sent via Bank Wire to a bank account and you must be able to prove ownership of that account.

BlackBull Markets strives to process all withdrawals within 24 hours. BlackBull Markets does not charge for sending payments, but transfer fees are applied by remitting banks or providers.

Once a bank transfer withdrawal has been approved and processed, it may take three to five days more for the money to arrive in your account.

 

Additional Trading Fees

 

Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day. Blackbull Markets offers the option of an Islamic account to traders who are of the Muslim faith and who operate under Sharia Law.

Traders who are eligible for the Islamic account can follow the process of opening a Blackbull Markets live account and apply for the Islamic option after funding their trading account. This process takes between 1 to 2 business days.

Blackbull Markets does not offer traders spread betting and therefore spread betting fees are not applicable to this broker.

 

Broker Fees

 

Blackbull Markets makes no mention of any deposit fees on their website, but withdrawal fees are waived as follows:

  • Credit Card – 5.00 base account currency
  • Neteller – 5.00 base account currency
  • Skrill – 5.00 base account currency
  • Bank Transfer – 20.00 base account currency

 

Blackbull Markets does not mention whether an inactivity fee or any other administrative fees are waived for account maintenance and management.

 

Overall Rating

4.7/5

Rated #12 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

FMA, FSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Tradeable assets

23 000

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

You might also like: Blackbull Markets Sign up Bonus

You might also like: Blackbull Markets Demo Account

You might also like: Blackbull Markets Minimum Deposit

You might also like: Blackbull Markets Islamic Account

You might also like: Blackbull Markets Account Types

 

Frequently asked questions

 

How many instruments can I trade with Blackbull Markets?

You can trade a range of financial instruments with Blackbull Markets which includes, but is not limited to:

  • More than 64 major, minor, and exotic Forex pairs
  • Commodities
  • Indices, and more.

 

Which platforms are supported by Blackbull Markets?

Blackbull Markets provides the following popular trading platforms:

  • MetaTrader4
  • MetaTrader5
  • Blackbull Markets Web Trading

 

Does Blackbull Markets offer leverage?

Yes. Blackbull Markets offers maximum leverage of up to 1:500 on all the account options available.

 

What spreads can I expect with Blackbull Markets?

Spreads from as little as 0 pips when choosing an ECN Institutional Account. The spreads will be determined by the type of live account you choose to register.

 

Does Blackbull Markets charge a commission?

Yes. Commissions are charged on both the ECN Prime Account and the ECN Institutional Account. ECN Prime commissions are US Dollar 6 round turn per lot and the ECN Institutional Account has negotiable commissions.

 

Are Blackbull Markets regulated?

Yes, Blackbull Markets is regulated by the FMA and FSA

 

Is Blackbull Markets a recommended forex trading broker for experts and beginners?

Yes, Blackbull Markets offers a good trading environment for all types of traders, from beginners to advanced.

 

What is the overall rating out of 10 for Blackbull Markets?

9/10

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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