Overview of BlackBull Markets

BlackBull Markets is an active brand of Black Bull Group Limited, a company registered and established in New Zealand in 2014. As an forex broker and online financial technology, BlackBull Markets specializes in forex trading. , CFDs, commodities; fiber optic communication; financial technology solutions (Fintech) and serve global customers.

In addition to its headquarters in New Zealand, BlackBull Markets has also expanded its scope of activities to other areas, now, this forex has offices in Malaysia and New York. BlackBull Markets is also planning to expand into South Asia and Europe with its first office in Jakarta.

Legally, BlackBull Markets is licensed by the Financial Service Provider (FSP) – New Zealand financial service provider, license number FSP403326. Although this is not a leading reputable forex management agency like FCA or CySEC, the activities at BlackBull Markets are regulated and controlled not so strictly, it only stops at a moderate level but at least the floor This forex is also controlled by a legal authority. BlackBull Markets is also a member of the FSCL Dispute Resolution Program (Financial Services Complaints Limited).

To ensure the safety of investors' accounts, the forex has separated client accounts from corporate accounts and deposited them in ANZ Bank, one of New's oldest financial institutions. Zealand.

Having operated in the market for nearly 5 years, it is a young company but the achievements that BlackBull Markets has achieved are not small. For two consecutive years 2018 and 2019, this forex broker won the Deloitte Fast 50 award, The company has the fastest growth rate accredited by the world's leading auditing firm Deloitte. In addition, BlackBull Markets is honored to receive awards Fastest growing tech company 2018 of the APAC Technology Fast 500.

Although there are not many specific achievements in the forex field, a fast-growing company will be a launching pad for trading services at this forex platform in the future. The evaluation of transaction conditions at BlackBull Markets right below will help you, new investors to consider the suitability of the exchange with your needs, thereby making a decision to open the right trading account. best.

Trading products

At BlackBull Markets, investors can trade forex, metals, energy and indices.

  • Forex: offers 30 currency pairs, including major and cross currency pairs. This forex platform does not offer exotic (exotic) pairs.
  • Metal: investors are only allowed to trade 2 metals namely gold and silver.
  • Energy: including Brent (UK), WTI (US) oil and natural gas.
  • Index: provides 9 stock indices from many different markets such as USA, UK, Hong Kong, Germany, Australia, Japan. 9 indices include AUS200, UK100, US500, ESTX50, SUI20, GER30, JPN225, NAS100 and US30.

Compared to most other forex brokers, the product portfolio at BlackBull Markets is quite limited. The forex market is growing and expanding with a lot of different financial instruments such as stocks, bonds, cryptocurrencies, ETFs, even agricultural products with huge investment demand from traders. , so BlackBull Markets has not been able to meet those needs. However, for Vietnamese investors, most are only interested in forex and gold so this restriction may not greatly affect their trading needs.

READ  Review Oppo F15: Will this smartphone succeed? - Knowledge sharing blog

Trading Account

BlackBull Markets is one of very few forex brokers offering all three types of ECN accounts to investors, including ECN Standard, ECN Prime and ECN Institutional. looking for more information What is ECN?

  • ECN Standard account: suitable for new investors who do not have much experience, need a live account with little capital to start entering the market. This is the only account without commission fees and the spread is extremely competitive.
  • ECN Prime account: for experienced traders who are able to react quickly to market fluctuations. This account enjoys very low spreads and competitive commissions.
  • ECN Institutional Account: This account is especially for professional and wealthy investors who want to use the best services only for BlackBull Markets vip customers.

Compare the basic trading conditions on 3 types of accounts:

PAMM / MAM accounts

In addition, BlackBull Markets provides investors with PAMM / MAM management account system. With this system, you will invest money into the accounts of professional traders, they are fund managers. These traders will use your money and other investors to contribute capital to their accounts to make purchases and sales in the market, if the transaction is successful, the profit will be shared equally between you and the following investors. The rate of capital contribution of each person, the fund manager will receive remuneration, which is the percentage of the original committed profit. On the contrary, if the fund manager fails, you will lose money.

Trading platform

Currently, BlackBull Markets only offers its investors a single trading platform, MT4 software, which is also the most commonly used platform today. MT4 is used on computers, mobile applications and used directly on the web.

MT4 software

A product of MetaTrader, a company specializing in providing financial services and technology solutions to investors and brokers around the world. MT4 is designed with friendly interface, easy to use and provides all the necessary features for basic to advanced transactions, serving all segments of investors and brokers.

  • 3 types of price charts and 9 time frames
  • 4 basic types of pending orders (Buy Limit, Sell Limit, Buy Stop and Sell Stop)
  • More than 30 technical indicators and drawing tools support chart analysis
  • Provide daily economic news directly on the software
  • Enables trading EAs and testing strategies
  • Use forex investment support services such as trading, exchanging custom indicators, EAs, trading strategies or trading forex signals, code writing services, freelancers … from MQL5 Community's platform MetaTrader.
READ  Analyze GOLD, GBPUSD and AUDCAD for the week from December 2 to December 6, 2019

WebTrader and mobile application

Both platforms include all the features of MT4. WebTrader allows users to use MT4 platform directly on the web browser without having to download the software to the machine, the interface is simple and easy to use. Mobile applications are extremely flexible, lightweight and very convenient. If used for account management purposes such as deposits and withdrawals, the mobile application is most suitable because it can be done anytime, anywhere, and for placing orders or analyzing charts, you should use the software. MT4 on the computer or WebTrader to observe better, the analysis will be more accurate.

MT4 software interface on the computer

Besides, BlackBull Markets also cooperates with two partners, ZuluTrade and Myfxbook, to support investors who want to trade socially (Social Trading). With these two platforms, investors will be able to copy trades from hundreds of professional traders around the world. The profile of these traders will be publicly displayed on the platform, the information usually includes account balance, total transactions made, success rate, total profit, losses … and price level. offer. It is the investor's job to select the traders that best suit their criteria, pay them, all trading activities that take place on that trader's account will be reproduced exactly on your account. and there's nothing you need to do except make sure your computer has an internet connection.

Both ZuluTrade and Myfxbook have different ranking criteria and options for professional traders. Moreover, investors are entitled to customize the trading conditions to suit their needs before the copying takes place and can stop copying at any time.

VPS

BlackBull Markets offers free VPS services to any investor who has a minimum deposit of over $ 2,000 and trades at least 20 lots a month.

Leverage, commission and spread

Lever

All 3 types of trading accounts at BlackBull Markets are subject to a maximum leverage ratio of 1: 500. However, this is not the common ratio for all products, forex and metals applied the highest ratio is 1: 500, index and energy only stop at 1: 100.

In addition, the maximum leverage depends on the amount of capital on the account, the more money the lower the maximum amount used. This is also one of the risk management policies for investors' accounts.

On the market today, 1: 500 is not a very high ratio, many exchanges also offer the maximum ratio up to 1: 2000. However, everything has its two sides, high leverage offers the opportunity to bring big profits but in return the risk will also increase. The choice of trading with a high or low leverage depends greatly on the needs and level of risk tolerance of each person.

Commission

Commission fees are charged for transactions on ECN Prime and ECN Institutional accounts.

  • ECN Prime: 6 $ / lot / 1 trade (open and close orders)
  • ECN Institutional: negotiation fee.
READ  Review Xiaomi Mi CC9 Pro: DXOMark is on par with Huawei Mate 30 - Knowledge sharing blog

Spread

As an ECN and STP exchange, BlackBull Markets offers investors very little spread spread across account types.

Lowest spread from 0.9 pips falls into EUR / USD pair on ECN Standard accounts. A standard account with the most basic trading conditions, offered at most forex traders for new traders, but this account at BlackBull Markets has a fairly low spread, while 1.5 pips is the level. Average spread of this account in the market.

ECN Prime and ECN Institutional accounts are offered extremely low spreads, only from 0.1 pips and 0.0 pips, with this difference, BlackBull Markets can completely compete with the market.

Forms of deposit and withdrawal

BlackBull Markets applies a number of deposit and withdrawal methods such as Wire transfer, Visa / Master cards, Fasapay, Neteller, Skrill …

Recharge

  • Minimum deposits for the first time of $ 200, $ 2,000 and $ 20,000 are applied to each type of account. Not regulated for the following deposits.
  • Deposit without charge.
  • Time to deposit into a trading account is usually instant, for Wire transfer, it takes 1-3 working days.

Withdrawal

  • Withdrawal fee is $ 20 for Wire transfer and $ 5 for all remaining forms.
  • Time to return money to the investors' accounts is usually 3-5 working days.

Summary of pros and cons

Advantages

  • Diverse trading accounts, offering all 3 types of ECN accounts.
  • Good trading platform, support social trading.
  • Low spread.
  • Transactions with no commission (ECN Standard) or competitive commission (ECN Prime).
  • Live chat 24/5, enthusiastic support staff.

Defect

  • Not licensed by reputable forex management agencies such as FCA, CySEC, ASIC …
  • Limited transaction products.
  • High minimum deposit, many forex brokers currently only require investors to deposit a minimum of $ 10, $ 5 for the first time.
  • Low maximum leverage ratio (1: 500).
  • Withdrawal of fees, time to account long.
  • The website does not support Vietnamese yet.

Although it is a new forex trading floor, the conditions at BlackBull Markets are quite good, only a few restrictions that many Vietnamese traders are still considering when opening an account at this exchange. Hopefully, with these assessments, you have a more specific view of BlackBull Markets, so that the decision to open an account will be easier and more accurate.


You have just read the article: Review the latest BlackBull Markets floor 2020”

Author: Tin Nguyen

Do not forget Prefer and Share This article will you do?

(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)(0); if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/vi_VN/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

Read more :

Leave a Reply

Your email address will not be published. Required fields are marked *