BlackBull Markets Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of BlackBull Markets trading signals. You will learn what kinds of trading signals BlackBull Markets offers and what the conditions for using them are.
Short introduction of BlackBull Markets
BlackBull Markets provides access to the markets of currency pairs and CFDs (contracts for difference). The CFDs are grouped into the following categories: stocks, indices, commodities, agricultural commodities, metals, energies, cryptocurrencies, and futures. In total, there are over 26,000 assets. Apart from the demo account, there are three real accounts: Standard, Prime, and Institutional. They differ in terms of the minimum deposit, spreads, and commissions. The Standard account has no minimum deposit requirements, while the others require $2,000 and $20,000, respectively. Spreads start from 0.8, 0.1, or 0 pips depending on the account. The commissions range from $0, $4, or $6 per lot, depending on the account selected by the trader. The maximum leverage is 1:500. Clients of the company can trade through platforms like MT4, MT5, WebTrader, and TradingView, as well as this broker's solutions such as BlackBull Trade for currency and CFD trading, and BlackBull Shares for copy trading. The company offers partnership opportunities through “Refer a Friend” and its IB (Introducing Broker) programs. The website provides educational materials for traders of different levels and offers analytical tools.
| 💰 Account currency: | USD, EUR, GBP, AUD, NZD, SGD, CAD, and JPY |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | Floating, from 0 pips |
| 🔧 Instruments: | The available instruments are currency pairs, CFDs on stocks, indices, commodities and agricultural commodities, metals, energies, cryptocurrencies, and futures. |
| 💹 Margin Call / Stop Out: | No |
BlackBull Markets Pros and Cons
👍 Advantages of trading with BlackBull Markets:
•It offers a free demo account and a substantial volume of educational materials.
•Three real account types allow traders to customize their offerings, providing immediate access to the entire pool of currency pairs and CFDs.
•Spreads are below market average, and trading commissions are favorable.
•The broker offers leverage to enhance profitability and provides news and analytics to facilitate traders' forecasting.
•A wide selection of trading platforms allows users to find optimal trading conditions and work comfortably on any device.
•The broker provides three options for its partnership program, along with the “Refer a Friend” promotion and copy trading service for additional earnings.
•Various deposit and withdrawal methods are available, including bank cards, transfers, and international systems like Skrill and Neteller.
👎 Disadvantages of BlackBull Markets:
•While this broker offers a considerable number of assets, it has only 70 currency pairs, while other trading instruments are represented as CFDs.
•BlackBull Markets does not serve traders from certain regions worldwide.
•The platform does not offer MAM or PAMM joint accounts, and the “Refer a Friend” program may not be the most advantageous, while the IB partnership is primarily aimed at legal entities.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
BlackBull Markets Trading Signals
A broker's profit mainly consists of three income streams: spreads, trading commissions, and withdrawal fees. The company may generate income through other means as well, but for traders, the listed ones are important because they constitute their costs and should be considered when planning. Sometimes this broker may have no commission, but in such cases, the spreads are higher. Spreads can be fixed or floating, standard, or raw (where raw spreads are always lower). If you trade with BlackBull Markets, the spreads will be floating, meaning their exact value is determined by the market situation at any given time. The spreads start from 0.8 pips for the Standard account, 0.1 pips for the Prime account, and 0 pips for the Institutional account. There is no commission on the Standard account, while on the Prime and Institutional accounts, it is $6 and $4 per lot, respectively.
| Account type | Spread (minimum value) | Withdrawal commission |
| ECN Standard | From $8 pips, floating, and without commission | 5 units of the account's base currency |
| ECN Prime | From $1 pips, floating, and commission is $6 per lot | 5 units of the account's base currency |
| ECN Institutional | From 0 pips, floating, and commission is $4 per lot | 5 units of the account's base currency |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that BlackBull Markets does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.