This means that you can trade using micro lots, equivalent to 1,000 units of the base currency, which is the same as trading with a 0.01 lot size. BlackBull Markets accepts a wide range of methods either to deposit or to withdraw. Unfortunately, BlackBull Markets doesn’t offer a no-deposit bonus for new clients. BlackBull Markets is a forex broker located in Auckland, New Zealand, and was founded in 2014. This offer of services is also not intended for residents of the European Union, the United Kingdom nor any non-resident of New Zealand. To deposit funds into your account, visit the ‘My Wallet’ tab found on the left-hand side of the Secure Client Area.
- We sent an email inquiry about the broker’s institutional account and the Active Trader account to but did not receive a reply from the broker, which was disappointing.
- However, traders who prefer a proprietary platform are out of luck since the broker does not offer such a platform.
- Generally, bank wires and credit/debit cards are the costliest choices and feature the slowest processing times.
- BlackBull Markets will provide a number of withdrawal methods that are usually processed in 1 to 10 days by BlackBull Markets.
The fees charged for trading Forex pairs, indices, stocks, and commodities were much lower than industry averages. So, although you don’t need to meet a minimum withdrawal amount with BlackBull Markets, you must be aware of these fees that can reduce considerably the amount that you receive if your withdrawal amount is very small. BlackBull Markets gives you access to the most popular trading platforms used by Forex brokers.
When trading BlackBull Markets forex currency pairs, your lot sizes start at 0.01 and can go up to 200. BlackBull Markets offers a good variety of social trading sources like ZuluTrade or MyFXBook. This is great because you can stop trading for the time that you want, and you can be sure that no inactivity fee will be charged to you. If it falls under this value, the platform will start to automatically close your positions to keep the free margin above the threshold. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker. You don’t need to deposit anything if you’re just trying the broker and testing a demo account.
For this review, we opened an individual MT4 and MT5 Standard account with Black Bull Group Limited, regulated by New Zealand’s Financial Markets Authority (FMA). The broker is regulated by the New Zealand FMA, a tier 2 regulator with strict rules. The broker is also licensed xcritical by The Seychelles Financial Services Authority (FSA). Blackbull Markets is a global Forex and CFDs broker launched in 2014 headquartered in Auckland, New Zealand. We traded the popular instrument in each market to identify the actual spreads and placed a total of 12 trades.
BlackBull Markets Account Types
Credit/debit card withdrawals remain restricted to the deposit amount, while BlackBull Markets does not allow profit withdrawals to credit cards. Should a trader use multiple credit/debit cards, a first-in-first-out hierarchy applies, and traders must request separate withdrawals for each card. Traders can change their account’s leverage levels after registration but they have to contact the broker’s customer support team to facilitate the change. This takes about one full working day to complete a BlackBull Markets withdrawal on average. In the event that there are any issues with the BlackBull Markets withdrawal request, such as the BlackBull Markets account not being verified, the BlackBull Markets customer support team will get in touch with you. After BlackBull Markets has received your BlackBull Markets withdrawal request, you will receive a confirmation email regarding the status of your BlackBull Markets withdrawal within two business days.
BlackBull Markets No Deposit Bonus
BlackBull Markets offers a bonus programme to its clients with a maximum payout of $250. Only the standard account offered by BlackBull Markets charges a spread and zero commissions. The other two account types charge a spread and a commission on trades. BlackBull Markets charges low fees for trading the main instruments on offer.
It shouldn’t take more than a few days for you to get your money from BlackBull Markets to the withdrawal method you selected. It is possible that you will not receive your money from BlackBull Markets for up to ten business days after making a BlackBull Markets withdrawal request. At some point your will want to withdraw your trading profits from your BlackBull Markets account.
BlackBull Markets allows its clients to make withdrawals via the same payment methods available for deposits making it easy for investors to access their funds. According to BlackBull Markets, it may take up to eight working days for the funds to show up in your personal bank account after monies have been transferred by BlackBull Markets. Even though it takes one https://xcritical.online/ day for the BlackBull Markets customer service team to process the BlackBull Markets withdrawal request, it might not actually be credited to your account for several weeks. When you withdraw money from BlackBull Markets using certain payment methods like a credit card or bank account, you might be subject to additional fees that are not from BlackBull Markets.
Most brokers who offer high leverage usually have licenses from offshore jurisdictions. This is an additional layer of security that BlackBull Markets use to verify that you are the person making the withdrawal from your BlackBull Markets account. If you have any inquiries or concerns, please get in touch with the BlackBull Markets support team so that they can assist you. What would happen if you submitted a BlackBull Markets withdrawal request but then changed your mind and decided to revoke and cancel your BlackBull Markets withdrawal request? You still have the option to reverse your BlackBull Markets withdrawal provided that it has not yet begun.
How to deposit funds into your account?
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. BlackBull Markets makes it simple to get your money out of the BlackBull Markets platform. Your BlackBull Markets account must have been validated, and you have accumulated a positive BlackBull Markets account balance, otherxcritical you have nothing to withdraw from BlackBull Markets. If you xcritically have any BlackBull Markets funds invested in open positions, you may be able to release additional funds by closing those BlackBull Markets positions. When you close a BlackBull Markets position, the money that you initially invested, in addition to any profit or loss, is returned to your BlackBull Markets available balance.
The Lowest and Highest BlackBull Markets Withdrawal Amounts
You will be able to see the status of your BlackBull Markets transaction, and if it says “Under Review,” you are free to go ahead with the cancellation of the BlackBull Markets withdrawal.
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