Blackbull Markets MT5 Review

MT5

The Blackbull Markets MT5 trading platform is a desktop, web, and mobile platform that is best for traders who want to trade hundreds of different derivative assets. The MT5 platform supports all types of market exchanges and offers support for two market orders and up to six pending orders. In addition, MT5 is more sophisticated than MT4, offering an array of advanced charting tools, a built-in Economic Calendar, and other valuable features.

Blackbull Markets is regulated and registered with the Financial Services Provider Registry, Financial Services Complaints Limited, and the Financial Markets Authority (FMA). BlackBull Markets holds client funds in segregated bank accounts with ANZ Bank. The company is also a member of the Consumer Services Commission of New Zealand (FSCL), ensuring that it is a trustworthy and transparent broker.

Autochartist integration

Autochartist is a MetaTrader plugin that allows you to analyze financial markets. It works by scanning real-time prices and identifying trade setups. It is available for free to clients of Forex brokers. This program also provides historical data and signals.

Autochartist is a popular trading tool. It allows users to receive alerts when trade setups are imminent. Those who hold live accounts with BlackBull Markets can use it for free. This New Zealand-based multi-asset broker has grown year after year and tailored its product offering to different markets.

Commissions

BlackBull Markets offers a wide variety of Forex currency pairs and index CFDs. They also offer a decent range of commodity CFDs. Their commissions for trading Forex currency pairs start at 0.8 pips. These commissions are comparable to those offered by other brokers that are FMA-regulated.

Although BlackBull does not offer frequent market analysis and a comprehensive education section, the MT4 trading platform contains various helpful articles. There is also an extensive glossary of trading terms.

Account types

Blackbull offers three main types of accounts, each with its unique features. They are the Standard, Prime, and Institutional accounts. The Standard account offers the most basic trading features and is the most suitable choice for beginners. It offers low fees and commissions and supports Micro Lots and mobile trading.

In addition to the three ECN accounts offered by BlackBull Markets, you can also open an Islamic account, which is swap-free and operates by Sharia Law. If you’re Muslim, you can open a swap-free Islamic account. These accounts offer a full range of benefits, such as the ability to withdraw funds in a Sharia-compliant manner. In addition, opening an account is simple and completely digital, taking just a few minutes to complete. You’ll need to upload a few documents, including your identification and proof of residence.

Customer service

Customer service at BlackBull Markets is available 24 hours a day, seven days a week. They provide comprehensive support through live chat. You can also reach them by email. Depending on your needs, they may provide you with specialized services. For example, they use 256-bit SSL encryption to ensure your information is safe. They also offer two-factor authentication so that you can verify your identity.

BlackBull Markets accepts various payment methods, including credit/debit cards, bank wire transfers, and e-wallets. Unlike many brokers, they do not charge any inactivity fees or maximum withdrawals. However, their fees are reasonable, especially compared to other brokers.