Skip to content

TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

BlackBull Markets

Best Forex Broker Award 2024

When people are picking a forex broker, they want the best in terms of safety, services, and trustworthiness. One broker that considered as the industry leader is BlackBull Markets. In this post, we'll explore why we give BlackBull Markets the best Forex Broker Award 2024 and what criteria make it a top choice for traders worldwide.

A Trusted History

BlackBull Markets is based in New Zealand, operates all over the world, and has a huge customer base. In 2014, BlackBull Markets started its journey in Auckland, New Zealand, thanks to the vision of Michael Walker and Selwyn Loekman. Since then, it's been on a mission to help people from over 180 countries become traders. So, you can say a big trading family that has grown over the years.

Fast forward to today, BlackBull Markets has become a trusted and regulated ECN broker. They're the trusted broker for over 26,000 assets you can trade, including stocks, forex (which is like trading different currencies), CFDs, and commodities. It's like having a giant menu of options for traders to choose from.

So, whether you're just starting your trading adventure or you've been in the game for a while, BlackBull Markets has been there, supporting tens of thousands of traders globally.

BlackBull Markets

blackbull open an account

Quality of Trade Execution

BlackBull Markets has an efficiency and accuracy with which buy and sell orders are processed. It encompasses factors like order speed, minimal slippage, low latency, and the ability to execute trades at the requested price. A broker's superior trade execution ensures that traders receive the best possible prices and minimal disruptions during their transactions, contributing to a positive trading experience.

Market Order Execution Speeds

Global Recognition

BlackBull Markets expanded its customer base by acquiring a license from the Financial Services Authority in Seychelles (FSA) and Financial Markets Authority (FMA) regulatory body, allowing it to serve traders from even more countries. This regulatory body highlights their dedication to offering competitive pricing and valuable services to traders on a global scale.

Regulation and Security

One of the key reasons BlackBull Markets deserves recognition is its stringent regulation. BlackBull Markets operates under a robust regulatory framework across various jurisdictions. Black Bull Group Limited, trading as BlackBull Markets, is registered and incorporated in New Zealand (Company Number 5463921, NZBN 9429041417799), with its primary location at Level 20, 188 Quay St Auckland 1010. This entity is a registered Financial Services Provider (FSP403326). 

Additionally, BBG Limited, trading as BlackBull Markets, is a limited liability company registered in Seychelles under company number 857010-1, with a registered address at JUC Building, Office F7B, Providence Zone 18, Mahe, Seychelles. The head office of BlackBull Markets is situated in Auckland, New Zealand. It is authorized and regulated by the Financial Services Authority in Seychelles ("FSA") under license number SD045 for the provision of investment services. 

Furthermore, BlackBull Group UK Limited is registered in the United Kingdom (Company Number – 9556804), with services provided at 6 Thornes Office Park Monckton Road, West Yorkshire, England, WF2 7AN. Lastly, Black Bull Trade Limited, a New Zealand-based entity (NZBN 9429049891041), operates under the registration FSP1002113, with a registered address at Floor 20, 188 Quay Street, Auckland Central, Auckland 1010, New Zealand. The multi-jurisdictional regulatory compliance reflects BlackBull Markets' commitment to providing a secure and transparent trading environment for its clients.

These regulatory bodies ensure that BlackBull Markets has the highest industry standards, providing a secure and transparent trading environment for its clients.

Market Order Execution Speeds:

For market order execution speeds, BlackBull Markets was the top performer with an average execution speed of 22.99 milliseconds over 10 buy and 10 sell orders. The second and third best performers were XM and FXPro with average execution speeds of 27.43 and 31.94 milliseconds, respectively.

Market Order Execution Speeds

Competitive Pricing

BlackBull Markets provides competitive spreads and fees, which is a cost-effective option for traders. With considerable spread and leverage, they provide value for money and favorable trading conditions. The initial spreads in BlackBull Markets account begin at 0.8. Funding your BlackBull trading account is fee-free, and you'll also have access to a variety of funding methods based on your location.

Diverse Range of Assets

BlackBull Markets provides a variety of assets for trading, such as currencies, stock market indicators, goods, metals, digital currencies, CFDs, and investment funds. This wide selection helps traders build a balanced and diverse collection of assets, which in turn boosts their opportunities for trading.

With a flexible leverage of 500:1 and very small spreads starting from 0.0 pips, it's designed to be affordable. There's also Index and Share CFDs, which are like trading pieces of big markets or companies. BlackBull makes it easy with ultra-fast trading and access to markets in Australia, New Zealand, the USA, Europe, and Hong Kong.

If you're interested in commodities like coffee, cotton, or wheat, they've got you covered. These are important resources used in everyday life, and BlackBull helps you trade them safely. Precious metals like gold and silver are also available, providing a secure investment option during economic crises. Energy sources like gas and oil are essential, and BlackBull offers low-cost pricing for these, making it easier to trade.

You can also trade shares from over 80 global markets with more than 26,000 options available. It's all about giving traders choices and opportunities to grow their money.

Trading Platforms

BlackBull Markets offers several platforms for trading, making it easy for people to trade in the financial markets. One of these platforms is TradingView, which is known for its fantastic charts and social trading features. It's like a big community of 30 million traders worldwide. You can use it on your mobile, tablet, or computer, and it lets you customize your charts and tools.

Another platform they offer is MT4, one of the best in the world for trading forex. You can use it on various devices, and it gives you access to expert advice, trading signals, and copy trading features. There's also a special version called BlackBull MT4 Multiterminal, which helps you manage multiple accounts at once, making things super convenient.

Lastly, there's MT5, another high-quality platform for traders. It offers detailed price analysis and works smoothly on web browsers without needing any downloads. The great thing is that it's fast, easy to use, and secure, with your funds protected. It's also mobile-friendly, so you can trade from your phone without needing to install any apps. All of these options make trading with BlackBull Markets flexible and accessible for everyone.

cTrader

Embark on a seamless trading journey with BlackBull Markets through the cTrader platform, offering institutional-grade trading conditions in a user-friendly package. Whether you're on your desktop, web browser, or mobile device, cTrader provides accessibility at your fingertips.

This platform isn't just about trading – it's a powerhouse of features. Picture it like a allrounder tool with algo trading (which is like having a robot do some trading for you), copy trading (where you can follow the strategies of successful traders), and cool built-in widgets from trusted sources like Trading Central and FXStreet.

With cTrader, you get the flexibility of 1:500 leverage, meaning you can control a large amount of money with a smaller amount of your own. Plus, there's no pressure with a minimum deposit. And if you ever need help, imagine having customer service available 24/7 with the 24/7 client support that comes with cTrader.

Trading Tools

BlackBull Markets offers a range of valuable trading tools to support your trading activities. These tools are designed to make your trading experience smoother and help you identify potential opportunities in the financial markets. One of these tools is FIX API, which serves as a direct bridge to the market, granting you direct access and seamless integration with the ECN. It's highly customizable and compatible with the FIX program, giving you more control over your trades.

Autochartist is another essential tool, a robust software that excels at recognizing patterns in the market. It can identify key opportunities and provide alerts about resistance levels, making it easier for you to spot potential trading decisions. Additionally, Autochartist offers valuable insights into various chart patterns such as flags, wedges, channels, and triangles.

Discover a world of trading possibilities with BlackBull Markets' powerful suite of trading tools designed to make your trading journey smoother:

  • CopyTrader: Imagine being able to follow successful traders effortlessly. With BlackBull's CopyTrader, you can either copy the trades of experienced investors or lead the way for others to follow your trading strategies.
  • VPS Trading: Take your trading to the next level with BeeksFX's reliable VPS solutions. It's like having a supercharged engine for your trading, ensuring optimal performance and reliability.
  • FIX API Trading: Unleash advanced trading capabilities with Metatrader's FIX API integration. It's like having a key to a whole new level of trading features, offering more control and flexibility.
  • Autochartist: Unlock valuable trading opportunities with Autochartist's powerful market analysis. Think of it as having a smart assistant that scans the market to identify potential trades.
  • Zulu Trade: Don't have time to trade manually? No worries! With Zulu Trade, you can copy the strategies of top traders and automate your trading. It's like having a skilled co-pilot for your trading journey.
  • Myfxbook: Track, analyze, and improve your trading performance with Myfxbook. It's your personal performance tracker, helping you learn and grow as a trader.

Social Trading

For those interested in social trading, BlackBull Markets offer ZuluTrade that allows you to follow and even copy the trading positions of other traders. They also offer MyFxbook, which provides a social trading platform where traders can share and analyze their trading activities. It's an excellent tool for tracking the actions of other traders, and it can be used to set up auto trading or follow specific traders. These tools are there to enhance your trading experience and empower you to make more informed decisions in the complex world of financial markets.

Educational Resources

BlackBull Markets offers extensive educational materials, including articles, eBooks, and video tutorials, which help traders improve their skills and make smart decisions. BlackBull Markets ensures that traders have the knowledge and tools needed for success.

The broker also offers Education Hub, Market Analysis, and Economic Calendar. The Education Hub provides in-depth knowledge about forex, shares, and cryptocurrencies. All these features are designed to offer accurate information and promote a better understanding of forex and trading in general.

Exceptional Customer Support

With prompt customer support available in multiple languages, BlackBull Markets stands out for its responsive and effective service. Traders can depend on their support team to because of promptness and professionality.

BlackBull places client satisfaction as a top priority. To ensure this, they provide a dedicated account manager and offer 24/7 customer support in multiple languages.

Who Else Got Nomination for Best Forex Broker Award 2024?

In the competition for the Best Forex Broker Award 2024, BlackBull faced tough opponents like Pepperstone, Oanda, Think Markets, and Vantage FX. It was like a battle where each broker showed off its best features. Judges had a hard time deciding because all these brokers had their unique strengths. They fought it out for the top title, and in the end, BlackBull Markets won. But let's not forget the other nominees – Pepperstone, Oanda, Think Markets, and Vantage FX – who made the race for the Best Forex broker Award exciting!

Best Forex Broker Award 2024 Nominees

So, with 32% votes from the 3566 users and seven judges, BlackBull Markets became the best forex broker for 2024.

Why BlackBull Markets Deserves the Best Forex Broker Award

BlackBull Markets consistently shows the qualities of the "Best Forex Broker." Their dedication to following rules, clear pricing, various assets to trade, educational resources, and excellent customer support make them a top pick for traders. Whether you're an experienced trader or new to the world of forex, BlackBull Markets is a broker worth recognizing and thinking about.

Things We Considered to Honor the Best Forex Broker Award

When choosing the right forex broker to declare the best broker, it's crucial to consider several factors to ensure a smooth and successful trading journey. Here are the top 5 things we have considered. However, we also consider other factors too.

Regulation and Trustworthiness:

We searched for a broker that is regulated by reputable financial authorities. Regulatory bodies, set standards for brokers, ensuring they operate transparently and follow strict guidelines. Trust is the foundation of any broker-client relationship, and regulatory compliance is a key indicator of trustworthiness.

Trading Costs and Fees:

Understand the costs associated with trading. Brokers may charge spreads, commissions, or overnight fees. The lower the costs, the more of your profits you get to keep. Pay attention to the fine print, and consider your trading style. For example, if you're a frequent trader, low spreads might be more important than low commissions.

Trading Platforms and Tools:

Evaluate the trading platforms and tools offered by the broker. A user-friendly and feature-rich platform can significantly enhance your trading experience. Look for platforms like MetaTrader 4 or 5, cTrader, or proprietary platforms that offer advanced charting, technical analysis tools, and easy order execution. Mobile accessibility is also crucial for trading on the go.

Range of Tradable Instruments:

Consider the variety of financial instruments available for trading. A good broker should offer a diverse range, including major and minor currency pairs, commodities, indices, and stocks. This diversity allows you to explore different markets and diversify your investment portfolio.

Customer Support and Education:

Reliable customer support is essential, especially in the dynamic world of forex trading. Choose a broker that provides responsive and knowledgeable customer service. Additionally, educational resources such as webinars, tutorials, and market analysis can be invaluable, especially for beginners. A broker invested in your success will offer educational tools to help you understand the market better.

In summary, choosing the best forex broker involves assessing their regulatory status, understanding the costs associated with trading, evaluating the trading platforms and tools, considering the range of tradable instruments, and ensuring excellent customer support and educational resources.

blackbull open an account

FP Markets Join Now
FXTM - join now
Scroll To Top