Your capital is at risk.
BullsEye Markets Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MetaTrader4
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $50
- MetaTrader4
Our Evaluation of BullsEye Markets
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BullsEye Markets is a high-risk broker with the TU Overall Score of 1.91 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BullsEye Markets clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. BullsEye Markets ranks 405 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
BullsEye Markets is an unregulated Forex broker providing STP and ECN accounts, including cent accounts. It offers favorable collaborative conditions for various trader categories, but deposit requirements on all accounts may not be client-friendly.
Brief Look at BullsEye Markets
BullsEye Markets is an STP/ECN broker that allows trading in currencies, cryptocurrencies, metals, stocks, indices, and energies. Clients have access to transactions with leverage of up to 1:1000, over 170 trading instruments, and benefit from 24/5 support. BullsEye Markets offers five account types with a swap-free option, commission-free deposit, and variable spreads starting from 0.0 pips. The broker supports active and automated trading, including on its proprietary copy trader platform.
- The broker has low spreads, starting from 0.0 pips for ECN accounts and 1 pips for STP accounts.
- There is 24/5 multilingual client support available.
- Negative balance protection is present.
- The minimum deposit is $50 for Micro accounts.
- There are five account types for both beginner and advanced traders.
- Leverage is up to 1:400 for standard position size accounts and up to 1:1000 for cent accounts.
- There are bonuses for new and existing clients.
- Lack of licensing and regulation in an offshore zone.
- High commission of $10 per lot on ECN accounts with a balance up to $5,000.
- The minimum deposit on the popular Classic accounts is $500.
TU Expert Advice
Financial expert and analyst at Traders Union
BullsEye Markets offers a wide range of trading instruments, accounts, and services, making it a versatile broker for both experienced market participants and beginners. The proprietary copy trading platform allows clients to copy the trades of successful BullsEye Markets clients. Additionally, by providing the MetaTrader 4 trading platform, signals from the MQL website and the use of expert advisors are available.
Client funds are held in leading financial institutions in Switzerland and Germany, and withdrawals can be made at any time, with processing taking no more than 24 hours. The broker supports the most popular and progressive payment methods globally, including cryptocurrency transfers, and allows deposits without any commission. Another advantage is the option to trade on a cent account.
BullsEye Markets ensures negative balance protection and provides dynamic leverage to limit potential risks. At the same time, the broker offers bonuses that can help boost trading volumes for traders with limited capital reserves. Bonuses are not available for accounts with deposit requirements exceeding $5,000, targeting more seasoned professionals.
BullsEye Markets Summary
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. BullsEye Markets and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MetaTrader 4 |
|---|---|
| 📊 Accounts: | Demo, Micro, Classic, ECN, ECN Pro, Prime, Islamic |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank transfers, credit cards (Visa, Visa Electron, Mastercard, Maestro, American Express), Skrill, Neteller, Bitcoin |
| 🚀 Minimum deposit: | $50 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: |
Micro and Classic, from 1 pips; ECN, ECN Pro, and Prime, from 0 pips |
| 🔧 Instruments: | Forex, indices, stocks, cryptocurrency, metals, energies |
| 💹 Margin Call / Stop Out: |
For Micro, Classic, ECN, and ECN Pro accounts - 50%/20%; For Prime account - 80%/50% |
| 🏛 Liquidity provider: | International banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | No |
BullsEye Markets offers two account types: STP (Micro, Classic) and ECN (which includes ECN, ECN Pro, and Prime). The minimum trade size for Micro, Classic, or ECN is 0.01 lots; while for ECN Pro and Prime, it's 0.10 lots. The maximum trade size for Micro is 7 lots; for Classic and ECN, it is 70 lots; for ECN Pro it is 160 lots; and for Prime, it’s unlimited. Owners of cent accounts can have up to 150 open orders simultaneously; Classic and ECN account holders can have up to 350 orders open; for ECN Pro, it’s up to 700 orders; and Prime can have an unlimited number of orders.
BullsEye Markets Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Trading Account Opening
The user account is essential for every BullsEye Markets client, as it facilitates financial transactions, opening trading and demo accounts, and connecting to the copy trading platform. To create a user account, follow these steps:
Click on "Register" or "Open Live Account" on the main page of the official BullsEye Markets website.
On the redirected page, select the client type as "Individual," and provide your name, surname, email address, phone number, and your location details such as country, city, and exact address. All information must be real, as it will need to pass verification requiring documents and photocopies. The company will send an email with the login password to the specified email address. The login is in the email.
The main features of the BullsEye Markets’ user account:
Your BullsEye Markets user account also allows you to:
-
Withdraw or transfer funds between your MT4 accounts.
-
Download the platform’s mobile and desktop apps.
-
View the economic calendar.
-
Register as a partner, track referral statistics, and view reward payouts.
-
Use the copy trading platform as an investor or signal provider.
-
Track trades, bonuses, and financial operation statistics.
Regulation and safety
BullsEye Markets Ltd is listed in the registry of companies in the Marshall Islands under number 96658. Its official sphere of activity is finance and investments. Another representation of BullsEye Markets is located in Saint Vincent and the Grenadines, registration number 26663 BC 2022.
The company does not hold a license. However, it ensures proper security for its clients. Their deposits are kept separately from BullsEye Markets' capital in reputable tier-1 banks. SSL protocol is utilized for data encryption and protection.
Advantages
- Traders’ funds are held in segregated accounts at major banks in Germany and Switzerland
- All clients benefit from protection against negative balances
- Cryptocurrency transactions are available to traders
Disadvantages
- The broker can suspend fund withdrawals at any time
- Regulatory bodies do not oversee BullsEye Markets, making the broker susceptible to potential quote manipulation
- Clients cannot file complaints against the broker with financial regulatory authorities
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Micro | From $0.1 | Yes, when using bank transfers |
| Classic | From $10 | Yes, when using bank transfers |
| ECN | From $0 | Yes, when using bank transfers |
| ECN Pro | From $0 | Yes, when using bank transfers |
| Prime | From $0 | Yes, when using bank transfers |
For positions held overnight, traders incur swap charges. Those who adhere to Islam can avoid withholding interest fees by requesting the swap-free service.
A comparative table displays the average commissions of three brokers: BullsEye Markets, RoboForex, and Pocket Option. Analysts at Traders Union based their calculations on spread data provided on the official websites of these companies.
| Broker | Average commission | Level |
|---|---|---|
|
$2 | |
|
$1 | |
|
$8.5 |
Account types
Every trader can choose a BullsEye Markets trading account that suits their strategy and level of professionalism. If trading under the STP model is a priority, a classic account or its cent counterpart can be opened. The ECN technology is represented by three account types with different lot commission sizes and initial deposit requirements.
Account types:
is an account for professionals requiring a balance of $50,000. Leverage does not exceed 1:200. Spreads are raw, and the commission per lot is $3.
Each of these accounts can be converted into an Islamic account if the trader is a Muslim. Demo accounts with unlimited validity are also available.
With a range of both STP and ECN accounts, BullsEye Markets caters to both beginners and experienced traders. The conditions of Micro cent accounts allow entering the real market with minimal risks and testing advisors or robots in the BullsEye Markets trading environment.
Deposit and Withdrawal
-
The company facilitates fund transfers to bank cards, accounts, and Neteller and Skrill wallets. The available options may vary depending on the trader's country of residence.
-
Withdrawal requests are processed within 24 hours. The subsequent arrival times of funds depend on the chosen transfer method. The fastest options include payments through Skrill and Neteller (within 24 hours). Funds transferred to cards and via bank transfers are credited within 2-7 business days.
-
No commissions are deducted when withdrawing to cards and e-wallets. However, the correspondent bank may charge a fee for processing the payment, for which BullsEye Markets does not compensate its trader.
-
The minimum withdrawal amount for bank transfers is $250, while for other methods, it is $10.
Investment Options
BullsEye Markets’ clients can earn passive income on financial markets without actively trading currencies or CFDs. The broker offers both standard MT4 solutions and proprietary developments. However, it's important to note that investing funds in managed accounts is not possible, as PAMM and MAM services are not available. The Broker’s partners who are engaged in promoting BullsEye Markets or providing brokerage services using its technologies can also earn additional income without actively trading.
Here are three ways to gain passive income with BullsEye Markets:
-
MQL signals. Clients can extract investment income by subscribing to experienced traders on the MQL4.community website for trade copying. There are hundreds of providers worldwide, sortable by various criteria. The minimum cost for an investor's monthly subscription is $30.
-
Expert advisors (EAs). These are designed for algorithmic trading. Investors can purchase or connect an EA that analyses the market and executes orders automatically, either for a fee or free of charge.
-
Copy trader. BullsEye Markets' proprietary platform for copying trades supports loss limitation settings (in percentage or monetary equivalent), allowable floating loss, and overall profit level. The multiplier feature allows users to pre-set a copying coefficient. The service provider sets the fee for the service, but it is not less than 10% of the investor's profit.
All three passive income methods offered by BullsEye Markets are suitable for beginners due to their simplicity and ability to start with small amounts. Experienced traders can also use them to automate the trading process and generate income by broadcasting their own trades.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BullsEye Markets' partnership program
The company offers multi-level programs where partners can earn income not only from the trading activity of directly referred clients but also from sub-partners they invite. The first-level partner commission is up to $15 per closed referral lot, and the second level receives 10% of the sub-partners’ income.
BullsEye Markets offers four partnership types: Affiliates, Introducing Broker, Regional Representative, and White Label. Each has its own features and is designed for specific categories of people. The Affiliates program is intended for retail traders who trade through the broker in financial markets. The other offerings are suitable for those not involved in trading, focusing on earning through the promotion of broker products and services.
Customer support
Trader support is provided 24/5. Clients with active accounts (excluding Micro accounts) can also seek assistance from a personal consultant assigned during registration.
Advantages
- All traders are serviced 24/5
- Each client is assigned a personal manager
Disadvantages
- Answers in chat are shallow
- There is no ticket system in the user account
To contact support, use:
-
The online chat on the website.
-
Email.
-
The broker’s phone number.
The official website provides a contact phone number, and you can also request a callback through the form on the right side of the screen.
Contacts
| Registration address | BullsEye Markets Ltd, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshal Islands MH96960 |
|---|---|
| Official site | https://bullseyemarkets.com/ |
| Contacts |
+442032907311
|
Education
For practical application of theory without risking real funds, traders can use a demo account. For learning with minimal investment, the Micro cent account is available.
Comparison of BullsEye Markets with other Brokers
| BullsEye Markets | RoboForex | Pocket Option | Exness | FBS | XM Group | |
| Trading platform |
MetaTrader4 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading | MT4, MT5, MobileTrading, XM App |
| Min deposit | $50 | $10 | $5 | $10 | $1 | $5 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 1 point | From 0 points | From 1.2 point | From 1 point | From 0.2 points | From 0.6 points |
| Level of margin call / stop out |
50% / 20% | 60% / 40% | 30% / 50% | No / 60% | 40% / 20% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | $5 | No |
| Cent accounts | No | Yes | No | No | Yes | Yes |
Detailed review of BullsEye Markets
BullsEye Markets positions itself as a broker with core principles of honesty, transparency, and security. The company encrypts data using advanced technologies, collaborates with major European banks, and implements protection against negative balances. The choice of trading accounts and instruments provides each trader with the opportunity to work in a comfortable environment and maximize profits from transactions. Both active traders and passive investors who prefer copy trading and algorithmic trading can earn through this broker.
BullsEye Markets by the numbers:
-
There are over 175 trading instruments available.
-
The broker offers 5 account types.
-
Spreads start from 0.0 pips.
-
There are 4 partner program types.
BullsEye Markets is a broker with a wide range of accounts and payment methods.
The minimum amount that can be deposited into the BullsEye Markets wallet using cards, Bitcoin transactions, and electronic wallets is $10. However, this amount would be insufficient to activate a trading account, as the requirement for the first deposit on Micro accounts is $50, and on Classic and ECN accounts, it's $500. It's also worth noting that bank transfers must be a minimum of $250. Trading accounts differ not only in trading conditions but also in additional features. For example, when registering a Classic or ECN account, a personal manager is attached, a feature not available for Micro accounts. Prime account holders receive assistance from a VIP account manager.
BullsEye Markets provides clients with MetaTrader 4, one of the most user-friendly and functional platforms in its segment. It can be installed on a PC/laptop, using all trading and analytical capabilities to the maximum. Mobile versions are also available with a reduced toolkit but an advantage in terms of trading and account management on the go.
BullsEye Markets’ analytical services:
-
Economic calendar is essential in fundamental analysis, allowing traders to adjust their trading strategy.
-
Forex calculator is designed for real-time currency rate calculation and potential profit and loss for a specific trade.
-
Live Chat allows traders to connect with a BullsEye Markets representative online at any time.
-
Market data allows clients to have access to Forex market analysis and news.
Advantages:
Partner rewards are up to $15 for each closed lot by a referee.
There is the option to choose the most preferred trading technology Electronic Communication Network (ECN) or Straight Through Processing (STP).
A wide range of trading assets, including 50 currency pairs.
Easy account creation as it requires minimal information.
Zero and positive swaps on some currencies, stock indices, and commodities.
The provision of the MT4 platform by the broker allows its clients to trade comfortably, conduct quality technical analysis, and automate the trading process using EAs or signal copying.
User Satisfaction