In summary, limefx forex brokers reviews is a safe broker and a great one at that. They offer amazing ECN conditions, great execution, a range of perks, very cheap trading costs and have an amazing reputable within the industry. I’ve used so many various brokers over the last 5 years, searching for perfect, and now some of my capital is with BlackBull because of it’s truly unbeatable conditions and safety. It is important to constantly check the regulation of your forex brokers every few months to make sure nothing changes and they are not put on any risk lists by regulators. I will keep this article updated regarding this brokers regulation as I actively trade with this broker, so I’m always on the look out for any signs of regulatory concern.

Traders can probably decrease them by trading from a US Dollar-denominated account, as the US Dollar is part of 80%+ of all daily Forex transactions. Note that swap rates, which apply to leveraged overnight positions, triple on Wednesday to account for trades kept open over the weekend. Forex traders can avoid them by closing any open positions just before the rollover cut-off time, which is typically 5pm New York time.

BlackBull Markets In-depth Review – Are They A Scam?

The account opening process at Blackbull Markets is user-friendly and accounts are ready for trading within one day. Tradingview has more timeframes than MT4 and MT5, more indicators, and uses a simple coding language called PineScript. Originally a charting package, it also comes with numerous customisable options. Please note that Tradingview is only accessible on a web browser. Blackbull Markets does not mention whether an inactivity fee or any other administrative fees are waived for account maintenance and management. If you have any issues figuring your way around the client area, the 24/5 chat support is always on hand to assist you, or contact your personal account manager if the issue persists.

It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform.

Best Binary Options Brokers and Trading Platforms

I hope the people who cannot withdraw will file the case now. Find the ‘WITHDRAW FUNDS’ tab along the top of this portal page. Within this tab, you will be presented with a 4-step process to request a withdrawal. To withdraw funds from your account, visit the “My Wallet” tab found on the left-hand side of the portal. There is no commission for the ECN Standard account, a commission of 6 USD per lot for the ECN Prime account and 4 USD per lot for the ECN Institutional account. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

• Once a bank transfer withdrawal has been approved and processed, it may take three to five days more for the money to arrive in your account.
• This means that you need to pay this amount of money when you transfer your money back to your bank account.
• It’s difficult to make a definitive determination on whether BlackBull is safe or a scam as there is no clear consensus on the matter.
• Additionally, traders prefer MT5 for its depth of market display, additional technical indicators, and analytical tools.

Blackbull offers a decent range of payment methods, deposits and withdrawals are free, and it is also possible to make deposits using cryptocurrencies. Finally, BlackBull Markets’ educational and market analysis materials are good compared to most other brokers, and it offers personalised customer service, available 24/7. They offer pretty much every pair you will need as a retail forex trader, including majors, minors, index, commodities, energy and metals. There are brokers out there in the markets offering more products and pairs to trade, but for the majority of retail traders the products on offer are more than enough to sink your teeth into.

BlackBull Markets Fees Editor’s Verdict

https://limefx.club/ is one of the world’s only brokers that offers CFDs on New Zealand Exchange (NZX) listed equities. However, there have been some negative reviews regarding difficulties in withdrawing funds and claims of the broker being a scam, which is a cause for concern. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Well they remove complaint reviews which seems unfair and biased?

BlackBull is an STP (Straight Through Processing) forex broker that provides online trading services to retail and institutional clients. The company was founded in 2014 and is headquartered in Auckland, New Zealand. BlackBull is regulated by the Financial Markets Authority (FMA) of New Zealand and offers over 26,000 tradable instruments including forex, energy, indices, cryptocurrencies, equities, and metals. The broker provides clients with multiple trading platforms such as MetaTrader 4/5 and various trading tools.

Broker Information

TradingView is free of charge for traders who open a live account and trade one lot per month or more. One of the best platforms on the market, it is an excellent tool for researching, charting, and screening any instrument. Since Tradingview is currently only offered by a small selection of brokers, we were pleased to discover that it is available at Blackbull. Unfortunately, quite like the majority of the online brokers we have reviewed BlackBull Markets does charge a withdrawal fee of $5 for the bank transfer. This means that you need to pay this amount of money when you transfer your money back to your bank account.

• You can download BlackBulls own MT4 platform from the client area once your account is setup – from there you login using your MT4 details and you will instantly be able to start placing trades.
• Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
• The platform can be downloaded on Mac, Windows, Android and iOS, catering to everyone.
• Compared to a lot of the top end brokers out there in the last few years, the support offered at this broker is absolutely brilliant.
• Outstanding support service.I have just opened an account with this broker and they verified my application 2 days.

Overall, BlackBull Markets’ account-opening process is easy and hassle-free and are generally ready for trading within one business day. Commissions are charged on both the ECN Prime Account and the ECN Institutional Account. ECN Prime commissions are US Dollar 6 round turn per lot and the ECN Institutional Account has negotiable commissions. Fees charged by Blackbull Markets are higher than those of similar brokers. Hereby,
BlackBull Markets offers you
MetaTrader 4, MetaTrader 5, TradingView and DLimeFx. We compare BlackBull Markets fees with its closest competitors, TMGM and Fusion Markets.

BlackBull offers some educational content for traders as well as in-house daily markets commentary. Equity trading at BlackBull Markets, available in partnership with Interactive Brokers, may face a series of exchange and data fees, dependent on the equity exchange. Swap rates on leveraged overnight positions remain one of the most ignored trading costs, but it can become the most significant trading fee for long-term trading strategies. Traders should consider them when evaluating total trading costs.

A series of educational resources is available at BlackBull, such as webinars, market analysis, and trading videos that cover various topics related to trading. BlackBull spreads and commissions depend on the account type. We can see that the spread starts from 0.8 pips on the ECN Standard account, from 0.1 pips on the ECN Prime account, while only the ECN Institutional account can enjoy raw spreads from 0.0 pips. Quick & to the point customer service, Caroline was a great help, very knowledgeable.

BlackBull Markets Fees, Spreads, and Commission Explained

If you are considering using BlackBull, I would highly recommend creating yourself a demo account to check the execution speed, spreads and overall conditions that you have access to. Conditions do change from a demo to a live account though, so take that with a pinch of salt. DailyLimeFx adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

Additional profits can only be sent via Bank Wire to a bank account and you must be able to prove ownership of that account. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.

Through the ZuluTrade social trading platform, Blackbull clients can gain exclusive access to a vast pool of professional traders and trading systems. It lets users locate successful traders and follow their trades, which are translated into real trades in their accounts. Note that traders will have to contact Zulutrade directly about possible platform costs. BlackBull Markets offers free VPS services to it’s clients that meet the requirements of having a BlackBull Markets account, a minimum of $2,000 deposit and 20 lots traded across forex pairs or metals per month.

I have been trying to get my deposit from BlackBull for over a year with no success. They told me I had to receive my money the same way I sent it. However, I sent them the wire instructions from the same bank I sent it from and BlackBull told me that was not sufficient. They did not send me anything therefore my dispute with ALDWYCHSECURITIESwho eventually accumulated what was due to me. We provide all services on a month-to-month basis (unless you have chosen to pre-pay for multiple months). Regardless of your billing cycle, there is never any obligation to renew, and no penalties for cancelling your service.