BlackBull Markets, which has years of institutional forex experience and an emphasis on providing resources to retail traders, launched its operations in Auckland, New Zealand, back in 2014. Since the broker began using unique software to offer different trading solutions as a financial services provider, it has been possible to combine strong trading performance with affordable pricing.
In addition, BlackBull Review Markets was established as a prime broker that also provided retail trading solutions and maintained trading facilities in major financial hubs like Malaysia and London for international exposure.
There are many options, including a variety of assets and trading circumstances, supported by learning resources and programmes for active traders. Along with a variety of options for retail traders, professional services are also available for institutional accounts, money managers, MAM, and PAMM accounts.
- we can conclude that BlackBull Markets offers reputable trading conditions and is a fully licenced broker.
- According to in out study and professional trading in general, it is one of the few brokers still offering high leverage.
- It also offers a good trading environment, a $0 deposit requirement, some of the lowest spreads, and very good education and research.
- The drawbacks include the lack of 24-hour support, possibly constrained tools and conditions that may change depending on the business.
Safe or fraudulent: BlackBull Markets
BlackBull is not a fraud, no. Since Black Bull Group Limited, commonly known as BlackBull Markets, is a New Zealand-registered and incorporated firm that is also appropriately regulated by the local regulator FMA, it offers low-risk Forex and CFD trading.
Being a licensed broker is in some ways a vital factor, as obligations to authorities ensure that the company was scrutinized before it was founded, conforms with applicable laws, and operates in a safe manner.
BlackBull Markets is it governed?
A totally legitimate broker who complies with the regulatory framework, BlackBull Markets’ registration with the NZ legal system proclaims its excellent standing and reliability to its services.
A qualified service & trading environment are provided by the broker, who also compensates clients in the event of the company’s insolvency as per FMA regulations. The broker also adheres to money protection rules and policies.
However, we discovered that for the list of nations without the option to register with FMA, there is an additional entity based in SVG through which they can open accounts and conduct business. This entity is called BlackBull International.
BlackBull has an FMA licenced, so even though we do advise against using an offshore broker, we still think of it as a trustworthy option. Additionally, since the FMA has a higher standard than the SEC, there are different documentation requirements whenever an account is being approved.
Products of Pepperstone Trading
Pepperstone’s range of asset classes will probably complete your portfolio, whether you only trade forex or also trade contracts for difference (CFDs). This Australian best forex broker offers something for every trader, including equities, indices, exchange-traded funds (ETFs), and other derivatives.
Pepperstone offers a wide range of forex products, including over 60 pairs of major, minor, and exotic currency pairs. Additionally, the broker provides Australian traders with the highest leverage permitted by ASIC rules: 30:1 for major pairings & 20:1 for minor pairs.
Customer Service and Satisfaction at Pepperstone
Compared to some international competitors, Pepperstone is a comparatively recent Australian forex broker, yet it has already established a commanding market position both in Australia and beyond. The online broker is a great option for intermediate to experienced traders because they have a solid customer care staff in Australia with people who trade themselves.
The Melbourne office of Pepperstone’s Australia customer service department. Traders can communicate with an international customer care service on Friday night or other non-peak times. The following are the primary types of customer support:
Customers can speak with Pepperstone through the Zendesk live chatting platform. This is offered at the same times as the call centre staff. Our team frequently used Pepperstone’s live chat and discovered that we could speak with an operator within 5 minutes, who was knowledgeable and helpful. When writing this forex broker review, live chat was generally the quickest way to receive the information we required.
There is an email address listed for each Pepperstone call centre location. This method is ideal for lengthy inquiries that call for attachments even though it is the slowest way to make inquiries and receive a response.