BlackBull Markets
Chris Cammack May 9, 2020 08:25 AM
Founded in New Zealand in 2014, BlackBull Markets is an ECN-only broker that offers trading on a limited number of assets compared to most other brokers, including Forex, commodities, and indices. While BlackBull Markets offers a range of accounts for beginners and more experienced traders, trading costs are higher than those of other brokers on its entry level commission-free account, with average spreads of [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips on the EUR/USD. Trading costs improve on its Prime and Institutional Accounts, with spreads down to 0.1 pips (EUR/USD), but this is in addition to a commission and high minimum deposit requirements of 2,000 USD and 20,000 USD respectively. BlackBull Markets provides direct market access on the MT4 and MT5 trading platforms and offers a number of useful trading tools, including a VPS service, FIX API, and copy trading through third-party providers Zulutrade and myfxbook Autotrade, but these are available at an additional cost.