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This has a very good rating from various rating agencies. The broker keeps these funds separate from the company funds, among other things. Speculation or investments with customer funds are not allowed.

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Over the recent years, they’ve made themselves a name and accumulated a lot of feedback in the short period of time. However, the general opinions of the public differ from one review platform to another. What we look for when reviewing CFD or Forex brokers to determine whether they are legitimate or fraudulent is very simple.

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The commission rate is negotiable – if you sign up for this account type, you’ll be able to work closely with the administration. Second, when you try to get answers from their support team, there may be delays. It’s possible that they waste a lot of their effort checking the background of the potential users and their actual support department has to struggle. But then, this conclusion is based on user complaints mostly. Forex, Margin & CFD are complex instruments and come with a high risk of losing money due to leverage. BBM client support includes dedicated agents, 24/5 live chat with specialists and an assortment of educational materials.

  • We would appreciate your honest review of our services to you.
  • Before the request to open an account is approved, the application goes through several steps.
  • Uses the Virtual Private Server systems and thus has the opportunity to achieve even better results on the one hand, but also to absorb occasional downtimes on the other.
  • In addition, if they only have the variety listed in their Forex page, then their economic calendar feature from the client support section is partially nonsensical.

I first had questions in a chat that were addressed then the next day I got a phone call from, Eric Walkington, my account Manager. We could not find any trading history, deposit or withdrawal from the account provided or any affiliate account opened by you. Could you kindly provide us with more details about your request? We would appreciate your honest review of our services to you. The actual learning sections, however, can offer help to all levels of professionalism.

At the very least, they evidently don’t ban you when you’re already inside. They check everything thoroughly before letting you in. From the technical side, BBM isn’t too bad – there are almost no complaints about the process of trading itself. There are complaints about bad treatment from the broker, and it generally stems from two factors. This company has a guilty vote in the FPA Traders Court. The FPA advises dealing with BeCFD with extreme caution until this issue is resolved.

What can you trade at Backbull Markets?

We look forward to continuing to support your trade execution and if you ever need any assistance, please feel free to reach out. It is an absolute pleasure having you onboard and we look forward to continuing to support your trade execution and if you ever need any assistance, please feel free to reach out. If there is any US citizens members in here that were scammed by broker Black bull markets. Please report to CFTC and NY Attorney General Office.

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With the standard account, BlackBull is aimed primarily at beginners and traders who only trade occasionally. For beginners, trading tutorials and training videos are available on the website. Blackbull Markets staff can even assist you with software setup. The newsletter provides new market analyzes almost on a daily basis so that the trader can always generate new trading ideas. In summary, the broker offers good and professional advice for traders’ questions.

Overall, from my experience, MetaTrader 4 is the perfect trading platform for private traders, because there are many setting options. In addition, only regulated payment providers are used for deposits and withdrawals, which i will go into in more detail later. Many traders fear the obligation to make additional contributions to foreign brokers. At Blackbull, however, this has been abolished and you can’t go into debt. Additionally, the broker will automatically stop you if you have insufficient margin.

The three account types are Standard, Prime, and Institutional.

Although there is a lot of information about pros and con, it’s hard to understand exactly how good the client support is on BBM. Client service is essential, because there are always small technical mistakes, confused clients and general questions. But in addition to that, they have a number of various learning materials that can help you get better in trading. Also, there are many account types for all trading styles and situations, including Demo, Islamic, Institutional (for organizations and big-time traders) and more.

In the picture above you can see a screenshot from MetaTrader 4. The charts can be adjusted consistent with the trader’s ideas. Multi-charting is also possible so that correlations can be traded. Orders can be opened or closed in a few milliseconds using the helpful “1-Click Trading” option.

blackbull markets review should use highly regulated brokers such as UK and Australian brokers, as well as reputable brokers such as BlackBull Markets and Pepperstone. Since BlackBull uses the established Meta Trader 4, you can use the respective apps for Android and iOS for mobile trading. This means that you can trade flexibly and independently on all common smartphones and tablets and are not tied to your PC. The BlackBull Requests broker charges commissions depending on the type of account chosen. Commissions are charged to both the ECN Prime account and the ECN Institutional account. ECN Prime commissions areUS$ 6 per lot and the ECN Institutional account has negotiable commissions.

Furthermore, they notoriously discuss the problems and complaints of their users on big review aggregators, like FPA. It speaks clearly that they at least consider themselves a legitimate broker, otherwise they wouldn’t even care. However, the fact that they demand you to submit your documents and that they check them (which isn’t their fault) is an indicator of transparency and law-abiding.

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For any additional, please feel free to reach out at any time. I’m new to trading and decided to use BlackBull as my first broker, they made it seamless to jump in and removed any barriers to entry. Please contact your customer manager who has been communicating with me. However, after a week waiting and 2 times follow ups, there was no respons at all.

This broker offers a influence of 1500 and it’s just made for professional dealers. With such a small periphery for retail dealers, you can not gauge your trades the way you should. Likewise, Vantage FX allows retail dealers to have considerable influence.


The broker’s service ranges from private investors to professional traders. “Do not even consider investing your hard-earned money in this bogus company. Also, the stop loss was not as effective as it once was. This gives beginners the chance to start trading without significant fees. Most importantly, there is no need to trade large sums right away to save money.

  • The minimum deposit is $ 200 and applies to the standard account.
  • As a regulated company, the broker offers a similar account opening as its European colleagues.
  • Trading with a licensed broker ensures that you will not have any problems.
  • This broker has some problems, but getting to understand them is tricky, and you’ll have to analyze a lot of reviews as well as go through their website to understand what’s wrong.

On this subject, BlackBull Markets review is positive but still it can not contend with spots similar as Libertex in terms of glories. Trusting a broker isn’t easy, it depends on a thorough study of the broker itself. First of all, you have to know if he has formerly scammed a customer, also probe if he has formerly been involved in fraud cases and eventually observe his colorful regulations. BlackBull Markets provides several methods for depositing and withdrawing funds.