Registered office and regulation of BlackBull Markets
BlackBull is headquartered in New Zealand in Auckland. The forex broker is regulated by the National Financial Supervisory Authority (FSPR) and registered under number FSP403326. From New Zealand, the broker has so far mainly focused on the Asian region.
BlackBull Markets benefits
- Individual selection of accounts depending on the trading and transaction volume
- Attractive leverage of 500: 1
- Free demo account
- Social trading via external platforms included
BlackBull Markets cons
- No support on the weekend
The account opening takes place online and consists of 4 steps. After entering your personal data, you’ll receive a confirmation link by email. Then the application will be checked and activated. After the first deposit, you can start trading.
Before the request to open an account is approved, the application goes through several steps. First of all, BlackBull documents the identity of the customer and the sort of trade, also as his income and investment goals. An identity check is then carried out. A legitimate passport or ID card is sufficient for Australian customers. The customer must also send a photograph of himself that’s comparable to the photo on his ID. As proof of residence, BlackBull requires an electricity bill or a telephone bill or a financial statement showing the current address. The evidence might not be older than three months. A valid bank account or credit card account must also be provided. By comparing these documents, BlackBull verifies that the person
Minimum deposit at BlackBull Markets Australia
The amount of the minimum deposit depends on the chosen trading account. BlackBull provides three types of accounts and appeals to traders with different backgrounds and prior knowledge. The minimum deposit is $ 200 and applies to the standard account. With the standard account, BlackBull is aimed primarily at beginners and traders who only trade occasionally. The “main account” variant requires a minimum deposit of 2,000 US dollars, the professional “institutional” account for professional traders requires a minimum deposit of 20,000 US dollars and is therefore particularly suitable for traders who invest on an outsized scale.
BlackBull Markets deposits and withdrawals
BlackBull accepts bank transfers and all major credit and debit cards. Local bank deposits and payment systems such as Skrill, Neteller or Union Pay are also accepted. The management of the account and thus the currency for deposits and withdrawals may be set at will. You’ll choose between the Australian dollar AUD, but also the currencies US dollars, euros, British pounds, Swiss francs, New Zealand dollars, Canadian dollars, Singapore dollars and Hong Kong dollars. In this way, BlackBull does justice to the interests of its international customers.
The BlackBull Markets trading offer
With only one online platform, you have access to over 80 trading instruments at BlackBull. This primarily includes currencies, oils, indices and metals. quite 64 currency pairs, indices from all important markets, precious metals like gold or silver and raw materials like gas and energy make up the offer. Foreign exchange trading has a special focus. The leverage of a maximum of 500: 1 should be emphasized here, which implies that an attractive profit may be achieved with little investment. If you would like to add to your portfolio and spread the risk, the index CFDs segment comes into question, for instance. Here, BlackBull relies on its own trading technology to enable a quick and effective process for every transaction. The leverage of a maximum of 500: 1 also applies to raw materials,
Available trading platforms
BlackBull Markets relies on MetaTrader 4 and thus on the platform that enjoys a really good reputation among traders worldwide. MetaTrader 4 enables all financial instruments to be traded on the selected account without changing the interface. This not only makes trading comfortable, but also quick and effective.
Meta Trader 4 can be used with all common operating systems and is also available for the Mac. If you do not want to download the Meta Trader 4 desktop app, you’ll choose the online version and are therefore completely independent of a single computer. You can trade anywhere and on any device without having to download an app. Trading via smartphone or tablet is also easily possible in this way.
The further development of Meta Trader 4 – Meta Trader 5 – should be available soon with even better services. Traders who prefer to act in an automated way use the Virtual Private Server (VPS) systems and thus have the chance to achieve even better results on the one hand, but also to absorb occasional downtimes on the other. Social trading is also interesting in this context. Through cooperation with various platforms, traders can observe and copy the transactions of successful traders. This offers you the chance, on the one hand, to achieve your first successes faster and, on the other hand, to learn from the experiences of the professionals. The further development of Meta Trader 4 – Meta Trader 5 – should be available soon with even better services.
Those who wish to act in an automated way use the Virtual Private Server (VPS) systems and thus have the chance to achieve even better results on the one hand, but also to absorb occasional downtimes on the other. Social trading is also interesting in this context. Through cooperation with various platforms, traders can observe and copy the transactions of successful traders. This gives you the chance, on the one hand, to achieve your first successes faster and, on the other hand, to find out from the experiences of the professionals. The further development of Meta Trader 4 – Meta Trader 5 – should be available soon with even better services.
The BlackBull Markets App: Mobile trading
Since BlackBull uses the established Meta Trader 4, you can use the respective apps for Android and iOS for mobile trading. This implies that you can trade flexibly and independently on all common smartphones and tablets and aren’t tied to your PC.
BlackBull Markets deposit & withdrawal
Various options are available for deposits and withdrawals. Choose from bank transfers, all major credit cards, local bank deposits or between the systems Skrill, Neteller or Union Pay. The payout time usually only takes 24 hours.
Fees and costs
The fees depend on the selected account. There’s no commission for the standard account. This offers beginners the chance to start trading without significant fees. Most significantly, there’s no need to trade large sums right away to save money. The main account has a cost of six US dollars per transaction, while the fees for the institutional account can be negotiated. That makes sense, because those who act on a large scale want to lower their fees as much as possible. This gives institutional traders some flexibility in setting their fees.
The BlackBull Markets demo account
BlackBull Markets offers a free demo account. This allows you to check the platform with the most important functions free of charge and determine whether the broker meets your requirements. If you haven’t had any trading experience before, you can use the demo account to get an insight into buying and selling. In conjunction with the training material that’s also provided, it should be easy for beginners to build up knowledge step by step. Anyone who already has a little more experience with trading exchange, raw materials and therefore the like will surely find one or the other helpful tip in the materials to further expand their existing knowledge.
The online broker addresses customers everywhere the world and is thus far not so well known in Australia. Customer service is out there five days every week, 24 hours each day via email and live chat, and there’s also a telephone hotline. Communication with the support team is feasible in English. So, when you contact support, you ought to have at least a basic knowledge of English and also master the most important technical terms.
Conclusion: BlackBull Markets Australia
The online broker from New Zealand is unreservedly recommended for Australian traders. It impresses with an extensive range of assets and a user-friendly trading platform that permits trading via desktop app and as a web version. Mobile trading via smartphone and tablet is also possible, the Meta Trader app is out there for both Android and iOS. With the different account models, beginners with few transactions and low fees are addressed also as professionals with a high trading volume. Regulation by the local supervisory authority rounds off the broker’s profile.
Frequently asked questions about BlackBullmarkets.com
Is BlackBull Markets a Scam?
No, BlackBull is a good online broker from New Zealand that’s monitored by the national financial regulator. Invested customer funds are managed separately from the company’s assets. There are therefore not available to creditors in the event of monetary difficulties. These are the characteristics of a reputable broker.
Does BlackBull Markets have an obligation to make additional payments?
No, BlackBull doesn’t require its investors to make additional payments on invested customer funds.
Where is that the BlackBull Markets login?
The login is found right in the middle of the start page and may therefore be seen at first glance.
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