fbpx

Important COVID-19 Update from BlackBull Markets

by Mar 18, 2020Company News

Important COVID-19 Update from BlackBull Markets

 

As the COVID-19 situation continues to worsen around the globe, we would like to inform you that we are continuing to work hard in order to keep your account with BlackBull Markets running as smoothly as possible.

 

Business as Usual

Our team is keeping a close eye on everything and working around the clock to ensure everything continues as usual during this time.

As you know, we are based in Auckland, New Zealand. As of the writing of this article, New Zealand has 20 confirmed cases of COVID-19, and all of them were isolated and contained. There is currently no risk of community transmission. However, in the event that the situation worsens here, we have already taken the appropriate measures to prepare. Some of our team members are already working from home, and we are preparing for the rest of us to do the same if necessary,

We will do our best we can to ensure any delays to support requests, account approvals, funding, or withdrawals are minimised as much as possible. Email, phone, and live chat will still be the best ways to contact our team. Please also feel free to reach out to your account manager if you require any specific assistance with your account. We are committed to ensuring that you continue to receive the highest quality customer service.

 

Market Volatility

Many markets have recently experienced high levels of volatility. This presents new trading opportunities but also increases the risk of positions being closed out if there is not a sufficient margin to maintain open trades. We would like to remind you to always make sure you have enough funds in your account to maintain the margin required to keep your positions open.

 

Stay up to Date

We regularly keep our clients up to date with interesting and informative media about the current market movements and how to get the most out of their trading accounts. We would encourage you to have a look:

Feel free to contact our support team by emailing support@blackbullmarkets.com if you have any questions or if there is anything else you would like assistance with.

 

Stay Safe,

BlackBull Markets

Related Posts

Who Is Evergrande, And Why Are They Important?

Who Is Evergrande, And Why Are They Important?

On 31 August 2021, Evergrande announced that, barring major restructuring and negotiations with debtors, it would have trouble servicing its liabilities. The problem primarily lay with the Company’s lack of cash flow due to a cooling Chinese real estate market, coupled with its extremely high rate of leverage.

read more
Stock Buybacks. Why Do Companies Buy Back Their Own Stock?

Stock Buybacks. Why Do Companies Buy Back Their Own Stock?

Think of it this way: Imagine there are 1 million public shares of Company XYZ. Each share is currently worth US $1,000. In this example, Company XYZ would have a market capitalisation of US$1 billion (share price x total number of shares). Company XYZ then proceeds to repurchase half the number of public shares via a share repurchase plan and removes them from general circulation (imagine that these shares are burnt and no longer exist). Consequently, there are now only 500,000 shares left to be traded or held by the public.

read more
Silver Hits Fresh New Lows For 2021

Silver Hits Fresh New Lows For 2021

Silver got no love last week, suffering its worst week in thirteen weeks, and raking up a fourth straight month of losses. After losing US $1.35/t.oz between September 13 and September 18, the metal closed on Friday at US $22.38/t.oz. Before last week, Silver had not traded sub-US $22.50/t.oz for the entire 2021. One would have to rewind their charts to November 2020 to find Silver trading below US $22.50/t.oz.

read more

Black Bull Group Limited (trading name: BlackBull Markets) is a New Zealand registered and incorporated company (company number: 5463921). We are also registered with the Financial Services Provider Register (number: FSP403326).

Black Bull Group UK Limited is registered in United Kingdom, Company Number – 9556804. Payment clearing services provided by: BlackBull Group UK Limited (Company Number – 9556804) Address – 483 Green Lanes, London, Greater London, United Kingdom, N13 48S

Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.

Copyright © 2020 Black Bull Group Limited. All Rights Reserved.

Share This