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Blackbull Markets Minimum Deposit

BlackBull Markets Minimum deposit Review

 

The Blackbull Markets minimum deposit amount to open a real trading account is $50, fifty US Dollars.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours

 

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 Minimum Deposit Review – 6 Key Point Overview

 

  1. ☑️ Blackbull Markets at a glance

 

BlackBull Markets Minimum deposit Pros and Cons

✔️ Pros❌ Cons
Low minimum deposit amount depending on the type of accountNone noted
A variety of payment methods supported
Variety of deposit currencies

 

BlackBull Markets Minimum deposit, 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 Withdrawals

💰 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.

 

A step-by-step guide to depositing 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 log in 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, any day of the week.

 

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

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

 

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 Fees and Spreads

You might also like: Blackbull Markets Islamic Account

You might also like: Blackbull Markets Account Types

 

Frequently asked questions

 

What is the minimum deposit for Blackbull Markets?

US Dollar 50.

 

How do I make a deposit and withdrawal from 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 that 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.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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