In addition to a free demo account (for which it is easy and fast to register), and an Islamic account option, the agent has three basic account types.
Of these, the cheapest is the ECN Standard Account, which is obviously aimed at beginners.
As mentioned, the minimum deposit required by this account is $ 200. It is obvious that for that type of money, one will not obtain the best commercial conditions available. Still, what the broker offers in this regard is nothing short of impressive.
The characteristics of the Standard Account start from 0.8 pips on the main currency pairs, such as the EUR / USD.
No commissions are charged on this account and the maximum available leverage is 1: 500.
The Prime Account
offers execution of STP and spreads from only 0.1 pips. The cost of these generous business conditions translates into a commission of $ 6 per lot.
To be eligible for such an account, merchants must deposit at least $ 2,000. In spite of that, this type of account is the most popular of the corridor.
The leverage is 1: 500 in this account version as well.
The Institutional Account is at the top of the account-type list. The minimum required deposit on this one is $20,000.
The spreads start from 0 pips, and the commissions are negotiable. Institutional users are offered MAM/PAMM and white labeling options.
While the default FX pair selection offered by the broker is impressive enough, the BlackBull markets are very flexible in this regard. Merchants can request access to various crosses and exotic.
You can also market about 6 CFDs based on indexes, along with a handful of metals and energy raw materials.
The most interesting asset class covered by the operator is the cryptocurrency class. In addition to Bitcoin, this class includes Litecoin, Ethereum and DASH as well.
Cryptocurrencies are also traded through CFDs (which are financial derivatives). This means that BlackBull Markets does not sell real cryptocurrencies, since CFDs only offer exposure to the price variations of the underlying asset. No real possession is involved in this type of trade.
Deposit and Withdrawal Options
BlackBull Markets accepts the usual methods of financing accounts. Bank Wire is perhaps the simplest of these, followed by credit cards such as VISA and MasterCard.
Skrill and Neteller have also made the list, along with UnionPay and FasaPay. The processing time of the withdrawal is two days.
BlackBull Markets Support
The most straightforward way to contact BlackBull Markets’ support is through the live chat feature available at the official site.
If a live chat support person cannot be reached, use email (firstname.lastname@example.org) or phone ((+64) 9 558 5142).
BlackBull Markets Conclusion
When all is said and done, BlackBull Markets is perhaps the most reputable broker we have reviewed so far. The commercial community only likes these guys and that’s priceless. In fact, the reputation could well be considered the main selling point of this operator.
However, beyond that, let’s not forget that we are dealing with a well-regulated broker here, one that offers excellent trading conditions and great flexibility in terms of leverage, as well as in terms of the assets it offers for trading .
Please note that certain products and / or multiplier levels may not be available to traders in EEA countries due to legal restrictions.