BlackBull Markets is a New Zealand-based forex broker founded in 2014. Its goal is to become the leading online financial technology and forex broker. This broker is a real ECN broker with no dealing desk, providing services in forex, commodities, CFDs, fibre optic communications and Fintech solutions.
BlackBull Security and Licenses
BlackBull Markets is the trading name of Black Bull Group Limited registered in New Zealand. One of the main characteristics that this broker lives up to is transparency. Its Auckland-based headquarters annually submits company files and audits that are publicly available. This means that clients and even the general public can look at the company’s files and assess its legitimacy.
BlackBull Markets operates under the regulation of the Financial Services Provider Registry or FSPR. This regulatory status promotes transparency and provides electronic registration for clients to see information about FSP companies. This status is only acquired by applicants who pass the criminal background checks done by FSPR. It is also a member of the Financial Services Complaints Limited or FSCL, which is a dispute regulation scheme handling brokers offering financial services.
This broker also strictly implements an Anti-Money Laundering or Counter Financing of Terrorrism policy, which guarantees customers that BlackBull Markets operates ethically in all its business practices. This broker also only partners with ANZ Bank, one of the leading banking institutions in the Australasia region, to ensure the safety of their customers’ funds.
BlackBull Review of Services
BlackBull offers several unique and noteworthy features. Starting with platforms, it offers quite an extensive set with different versions of MT4, the MT5, and a BlackBull Markets WebTrader.
Trading Platforms
The MetaTrader4 platform offered by BlackBull Markets is an institutional grade platform with an intuitive interface, customizable design, and personalized trading experience. It contains up to a hundred technical tools and indicators, interactive charts, and fast execution. This broker connects each client’s MT4 to the NY4 Equinix server in Wall Street to assure a reliable trading platform with an order execution as fast as 2 to 5 milliseconds. This lets customers trade directly with the market, cutting the hassle.
BlackBull Markets also offers the MT5 platform, which is traders’ preferred alternative to MT4. Since the two are created by the same developer, clients can expect similarly high-level execution and features. With the MetaTrader5, you can expect over 20 time frames, more than 30 built-in technical indicators, optimized trade processing, and an economic calendar.
Lastly, the BlackBull Markets WebTrader is simply the online version of the MT4, incorporated with the safety offered by this broker. Clients enjoy all the benefits and features of the famed MT4. The added bonus is that all transmitted data from the client to the broker is encrypted, guaranteeing security. This web platform is compatible with any browser, including Google Chrome.
FIX API Trading
Some of the benefits of FIX API Trading is being able to directly connect to BlackBull Markets’ bridge provider, including ECN Integration and Straight Through Processing. You can also use other trading applications on top of it. BlackBull Markets actually offers MT4 as their FIX application. However, because of the need of some clients to use their own FIX applications, BlackBull set up the FIX API. This allows clients to skip the MT4 and directly connect to the ECN grid.
ECN Liquidity
Electronic Communication Network or ECN offers the best trading conditions for any trader. ECN liquidity provides the lowest possible spreads, starting from 0.1 pip. It also provides direct competition between liquidity providers, ensuring quality trading experience. With fast execution, unrivaled market depth of up to 100 lot trades per click, a leverage of 1:500, clients can assure that their trading experience is unparalleled.
Research and Educational Materials
BlackBull Markets offers several research tools and trading resources for the benefit of the clients. Aside from basic tools and necessities such as an economic calendar and forex guides, this broker also provides market reviews, a glossary, and forex videos. The market reviews are weekly releases discussing the market movements. It provides insight into the price fluctuations of a stock, as well as forecasts about various currencies. On the other hand, a glossary of terms about everything trading-related is also available for clients. Forex videos can be used as guides into using different strategies and indicators, as well as discuss significant price changes in currency pairs.
BlackBull Review Conclusion
This award-winning brokerage firm is recognized as one of the fastest growing brokers in the world. It offers true ECN trading, providing the best trading conditions anywhere in the world. Clients can expect that their funds are safe and secure, as well as be guaranteed that they have all the necessary tools and materials they need. A tight partnership with MT4, a wide variety of accounts to choose from, and nearly all the necessary research tools are only some of what BlackBull Markets has to offer.
