The New Zealand-based ECN broker, BlackBull Markets, offers up to 1:500 leverage for its trading accounts. This can also be configured to leverage ratios of 1:400, 1:200, 1:100, and 1:50 as well.
BlackBull Markets won BrokerTested’s Best ECN Broker Award 2022, thanks to a valuable set of trading features, customer service, and over 26,000 instruments offered. Other accolades under the broker’s belt include: the 2021 Deloitte Fast 50 and the Best New Zealand Forex Broker 2020 by Compare Forex Brokers.
Recently, BlackBull Markets has expanded their trading partnerships by tying with copy-trading platform HokoCloud. Traders can now access auto-trading features from HokoCloud as well as ZuluTrade and MyFxBook, other social trading partners of the broker.
BlackBull Markets offers retail trading on over 26,000 assets such as forex, stocks, indices, and commodities. The broker is headquartered in Auckland and is licensed by the Financial Markets Authority of New Zealand and Financial Services Authority of Seychelles.
Advantages of ECN Brokers
Similar to STP brokers, ECN brokers let traders connect with another party to execute trades. They link accounts with a network of liquidity providers such as banks and institutions for buying and selling positions.
In forex, traders prefer ECN brokers because of the main advantage of having deeper liquidity pools. Because trades are sent to a network of financial institutions, anyone in the pool can accept the trade. This makes the discrepancy between bid and ask prices tighter as instrument prices are more determined from the market.
With BlackBull Markets, not only do traders have access to the benefits of ECN trading, but they do so with fast execution times and with 24/6 customer support. In terms of security, user funds are stored in segregated accounts and BlackBull Markets monitors transactions of its clients to identify potential suspicious activity.
BlackBull Markets Accounts
Those looking to open an account with BlackBull Markets can choose among four trading account types. These are: Standard, Prime, Institutional, and Islamic. Additionally, traders have nine different base currencies to set for their account.
The broker is compatible with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms which includes all the charting, tools, and analysis objects.
BlackBull Markets clients can also access the broker’s social trading features which is made possible thanks to multiple partnerships. Copy-trading or social trading lets users copy the trade of expert traders, meaning they follow the same technique and strategy of the experienced investor.
Among BlackBull Market’s partners include: HokoCloud, MyFxBook, and ZuluTrade. With as little as $200, traders have access to the copy trading features of these partners without additional charges.
Chris Georghiue, BlackBull Business Development Manager of Europe, stated “Social-trading and copy-trading are growing in popularity with our client base, and we expect the HokoCloud platform, which combines both aspects, will seamlessly fit their trading needs.”
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