Trading Conditions Overview
Trading Conditions Overview
What are your trading hours?
Our clients are able to trade from market open on Monday to market close on Friday, 24 hours a day 5 days a week. Our specific opening hours are different across the world due to time zone differences. As such we have our opening time in the three major markets.
|NZST (NZ)||JST (Japan)||GMT (London)||EST (East USA)|
|Open||10:00 (Mon)||07:00 (Mon)||22:00 (Sun)||17:00 (Sun)|
|Close||10:00 (Sat)||07:00 (Sat)||22:00 (Fri)||17:00 (Fri)|
What Spreads do you offer?
For an ECN Standard Account, the spreads start from 0.9pips
For an ECN Prime Account, the spreads start from 0.2pips
For an ECN Institutional Account, the spreads start from 0.0pips
What is your commission rate?
For an ECN Standard Account, there is no commission
For an ECN Prime Account, the commission is $3.00 per lot ($6.00 per round turn)
For an ECN Institutional Account commission on this Account is negotiable
Does BlackBull Markets use a Dealing Desk?
No, BlackBull Markets is a strictly non-dealing desk. We only offer ECN Accounts and Straight Through Processing services which both prevent this practice and conflicts of interest.
Does slippage occur on your server?
Slippage almost never occurs, however, this being said, during very high trading periods (such as during easily traded news events) slippage can occur. Slippage may be to both your benefit or your detriment.
Do you do re-quotes?
No, BlackBull Markets does not do re-quotes
What Trading Platforms do you offer?
We have a BlackBull Markets MetaTrader 4 platform as our primary trading platform. We have made this available for clients on Windows, Mac, Android, and iOS.
We also offer access to the WebTrader Platform, so our clients can access our markets wherever they can find internet.
What are your Margin Calls and how are they implemented?
When your margin drops below 70% we issue you a margin call notice to top up your funds. Once your margin drops below 50% your trade will automatically be closed out.
Do you have Swap-Free/Islamic Accounts?
Yes, BlackBull Markets offers Islamic Financial Law compliant Accounts.
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 485
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.
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