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About us

Based out of Auckland, New Zealand, we bring an institutional trading experience to the retail market.

A Beginner’s Guide to Social Trading

Social trading is a low investment way to trade, making it perfect for beginner traders. Social trading is a method of trading that has rapidly gained popularity following the advent of social media and online trading.

What is social trading?

Social trading essentially works by copying the trades of expert traders. This can be anything from a copy trade, where only a single trade is copied, to mirror trading, where the less experienced trader copies the exact trading activities as the more experienced trader.

However, social trading is not necessarily a good way to trade for everyone. Read below to see the advantages and disadvantages of social trading, and see if it is for you.

Advantages

Disadvantages

Where do I start?

Great, so you’ve decided that social trading is something that you want to try. The next step is to get started. Blackbull Markets is partnered with both ZuluTrade and MyFXBook, two of the most popular social trading platforms. As a result, it is extremely easy to set up an account. Our MetaTrader 4 program is integrated into MyFXBook, giving you unrivalled ease of access.

ZuluTrade allows less experienced traders to follow established traders, or signal providers, who are ranked according to an internal ranking known as “ZuluRank”. This lets you choose the strongest traders to copy from. This, combined with other features such as ZuluGuard, which allows you to stop copying the trades of a signal provider when the make a change in their trading strategy, and Margin-Call-O-Meter, which lets you see when your parameter settings might put your account at risk for a margin call, makes ZuluTrade one of the most innovative social trading platforms, and the reason we have chosen to partner with them. We have also hosted demo trading competitions on ZuluTrade, with the most recent one having a prize pool of $5,000.

For more information, and to open an account if you are an existing client, please contact support@blackbullmarkets.com. ​