While NZ$20,000 is a significantly higher minimum deposit to qualify for an institutional-grade trading account, you receive a tailor-made trading experience with custom server options and negotiable trading costs. Spreads for this account start from 0.0 pips, and commissions can be negotiated with your BlackBull client relationship manager, to whom you have access 24/7, another benefit of being an active trader. ECN Institutional Accountįor active traders that deposit at least $20,000, you can receive some of the best spreads BlackBull offers. Please note spreads are updated monthly and sourced directly from brokers’ websites to ensure accuracy. To help you understand BlackBull’s competitiveness, the table below shows how BlackBull spreads are superior to other brokers for certain forex pairs. A slightly higher initial minimum deposit of USD$2,000 is needed to open a Prime Account. High-volume traders and scalpers are well-suited to this account. This account is best for retail traders wanting the lowest spreads, with spreads starting as low as 0.0 pips and commission fees of NZ$7 round-turn per 100k traded.
A minimum deposit of USD$200 is required to open a standard account. With no commission fees charged, the spreads are wider than other account types, so experienced traders rarely choose this option. This simpler cost structure makes it easier to calculate trading costs for novice traders. The standard account is designed for beginners with just a spread charged and no commissions. To help you get the best possible spreads, BlackBull has its own proprietary aggregation system designed to ensure liquidity providers are competing with each other. BlackBull’s liquidity providers include the Bank of America, Credit Suisse and HSBC. This means that individuals can place orders with straight-through-processing (STP) execution, allowing you to trade directly with liquidity markets. In addition, high-volume traders can also opt for an institutional account with electronic communication network (ECN) execution.īlackBull Markets offers ‘true ECN’ trading conditions for Kiwi traders. The online broker offers two retail investor accounts, providing access to over 23,000 tradable contracts for difference (CFDs). Full Blackbull Review Visit BlackBull BlackBull Markets: Trading Accounts and Platforms
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