BlackBull Markets is a New Zealand-based forex brokers.
Why choose BlackBull Markets
BlackBull Markets is a New Zealand-based forex broker with low forex fees. Account opening is fast, fully digital and user-friendly. The trading experience is supported by great educational tools, including videos, texts and a demo account.
On the negative side, there is a withdrawal fee. Research tools are basic and the Prime Account minimum deposit is high.
Fees
BlackBull Markets has low forex trading fees and there are no deposit fees. On the other hand, CFD fees are only average and withdrawal carries a charge.
Low FX fees
BlackBull Markets charges a forex commmission: $3.00 commission per lot per trade. Spread costs come on top of this, e.g. the EUR/USD spread is 0.1.
High index CFD fees
All index CFD fees are built into the spread. For example, the spread for S&P 500 index CFDs is 0.5.
Average stock CFD fees
All stock CFD fees are built into the spread. The spread for Apple stock CFDs, for example, is 0.7.
No inactivity fee, low withdrawal fee
There is no account or deposit fee, however, withdrawal carries a price tag.
The withdrawal fee is $5 (or 5 units in any other account currency) per withdrawal.
Safety
BlackBull Markets is a legit brokerage. While it is regulated by the top-tier Financial Markets Authority of New Zealand, the broker doesn’t offer investor protection.
