This is more so because its features mirror MT4/MT5 and cTrader but with added flexibility and convenience. BlackBull Markets grants traders access to a broad spectrum of financial markets via CFD trading, enabling traders to explore diverse investment opportunities. Its 26,000+ tradable instruments, including currency pairs, major market indices, equities, cryptocurrencies and commodities, positions it among the top five CFD brokers. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution. MT4 remains the leader in algorithmic trading, but MT4 and MT5 support it, and both have a built-in copy-trading system. BlackBull Markets offers MT4/MT5 as a desktop client, webtrader, and mobile app.

We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. BlackBull Markets has a few competitors, including XM, Pepperstone, FXCM and Admiral Market. Like BlackBull Markets, these brokers provide multi-asset CFD trading to institutional and retail investors. BlackBull’s 26,000+ tradable assets, low trading costs and minimal entry barrier are key competitive advantages. For instance, the commission-free and zero-deposit ECN Standard account makes it easy for anyone xcritical cheating to start trading, and it takes under five minutes to sign up. BlackBull Markets offers negative balance protection, which ensures you won’t lose more than you deposited during widespread market volatility.

Minimum Investment and Pricing

BlackBull offers its trading clients free TradingView Essential, Plus or Premium — a significant cost savings considering the high subscription packages for each package. Although TradingView is a browser-native platform, it is available for mobile devices such as iOS and Android. The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000. The one thing I could not find, which left me disappointed, was a reference to negative balance protection. It appears that BlackBull Markets does not offer it, making highly leveraged trading an especially high-risk approach with this broker.

This places BlackBull Markets at the forefront in terms of execution speed compared to other brokers. BlackBull Markets charges competitive commission fees, ECN Prime Account holders pay $3.00 per side per 100k traded, while ECN Institutional Account holders pay $2.00. The core difference in receiving the lowest commission is the US$20,000 minimum deposit requirement.

Brokers By Country

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. We scrutinise brokers based on their regulatory compliance, historical performance, and international presence.

BlackBull Account Types

The Blackbull ECN accounts offer their lowest spreads and are ideal for more experienced, high-volume traders. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

BlackBull Markets is a New Zealand-headquartered Forex broker and FinTech company. It prides itself on speed and precision, promising traders ECN/NDD execution with deep liquidity through the MT4/MT5 trading platforms. I have conducted an in-depth review to determine if their advertised ECN, deep liquidity, and price aggregation, as well as institution-level pricing for retail traders, lives up to the hype. As shown in the table below, these commission rates are lower than the industry average, with xcritical reviews brokers charging around $3.44 USD. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).

1. BlackBull Markets includes the account verification with the account opening form, which I like, as it is a requirement and saves traders the extra step from the back office.
2. That’s in addition to connecting your accounts to TradingView’s active community of 30M+ traders.
3. The most popular profile with a true ECN experience using direct to market processing.
4. For market orders, their speed was 90 milliseconds, 36.2% quicker than the industry average of 141 milliseconds.
5. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
6. Therefore, I believe that most traders will not require assistance unless there is an emergency.

Its range of advanced trading infrastructures seems built for high-precision and ultra-fast trading execution, making it an important addition to ECN/NDD brokers like BlackBull Markets. If you’re a beginner, consider using MT4 till you become very comfortable using advanced trading platforms like cTrader. A demo account is available to get beginners started before trading live. Plus, the broker’s well-designed educational libraries are available to help every trader navigate CFDs and forex trading complexities in a fast-changing financial market.