Blackbull Markets Minimum Deposit

BlackBull Markets - Minimum Deposit

 

Blackbull Markets Minimum Deposit

 

The Blackbull Markets minimum deposit amount is $200.

The minimum deposit amount that Blackbull Markets requires is equivalent to ZAR3,670.18 at the current exchange rate between the US Dollar and the South African Rand on the day that this article was written.

 

The minimum deposit amount depends on the type of account the trader opens, and can be broken down as follows:

  • ECN Standard Account – $200
  • ECN Prime Account – $2,000
  • ECN Institutional Account – $20,000

 

Blackbull Markets is a broker which is authorized and regulated a strict and demanding regulating entity namely the FMA and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

 

Blackbull Markets’ minimum deposit when opening a live account is a bit higher when compared to other brokers, but it still falls within an average range.

Blackbull Markets does not charge any fees with regards to deposits which are made into the trader’s account.

Traders will need to make sure of fees that may be waived by their payment providers in case there are fees that are charged on transactions when depositing funds into the trader’s Blackbull Markets account.

 

Blackbull Markets offers clients the following ways in which funds can be deposited into the trading account:

  • Credit/Debit Cards
  • Bank Wire Transfer
  • Skrill – traders using this method need to be aware should funds be deposited in any other currency than USD, they may incur exchange rate fees.
  • Neteller
  • China Union Pay
  • FasaPay

 

Blackbull Markets supports the following deposit currencies in which traders can fund their accounts:

  • USD
  • EUR
  • GBP
  • AUD, and more.

 

Step by step guide to deposit the minimum amount

 

As soon as the trader has registered for a live account with Blackbull Markets and the account has been verified and approved, the trader can follow these steps to deposit the minimum amount into the trading account:

  1. Return to the Blackbull Markets Client Login and sign in using the necessary credentials.
  2. Once signed in, the trader will be taken to the Client Portal where they can either click ‘Make a Deposit’ or navigate to ‘Funding’, and then click on ‘Deposit Funds’.
  3. The trader can then select their preferred payment method and follow the on-screen prompts to deposit the minimum amount.

 

Traders should take note that depending on the payment method used, some transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

 

Pros and Cons

 

PROS CONS
1.      Low minimum deposit amount depending on the type of account 1.      None noted
2.      No deposit fees
3.      Variety of payment methods supported
4.      Variety of deposit currencies

 

FAQ

 

What is the minimum deposit for Blackbull Markets?

$200.

 

How do I make a deposit and withdrawal with Blackbull Markets?

Blackbull Markets offers the following popular deposit and withdrawal methods:

  • Credit/Debit Cards
  • Bank Wire Transfer
  • Skrill – traders using this method need to be aware should funds be deposited in any other currency than USD, they may incur exchange rate fees.
  • Neteller
  • China Union Pay
  • FasaPay

Blackbull Markets prohibits third party payments. Deposits and withdrawals must be to and from the same account that the trader registers when opening a live account.

 

Does Blackbull Markets charge withdrawal fees?

Yes.

  • 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

 

How long does it take to make a withdrawal?

  • Credit Card – 3 to 5 business days
  • Bank Wire Transfer – 3 to 5 business days
  • E-wallets – anything from 24 to 48 hours.