No data
Do you want to know which is the better broker between instaforex and BlackBull ?
In the table below, you can compare the features of instaforex , BlackBull side by side to determine the best fit for your needs.
EURUSD: 0.5
XAUUSD: --
Long: -6.23
Short: 0.8
Long: -21.82
Short: -7.01
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of instaforex, blackbull-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Registered in | Cyprus |
Regulated by | CYSEC |
Year(s) of establishment | 5-10 years |
Trading instruments | currency pairs, stocks, indices, precious metals, energies, commodities, cryptocurrencies and futures |
Minimum Initial Deposit | $1 |
Maximum Leverage | 1:1000 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4, MT5 |
Deposit and withdrawal method | Bank wire transfer and many other methods |
Customer Service | Email/phone number/address/live chat/more |
Fraud Complaints Exposure | No for now |
General information and regulations of InstaForex
InstaForex brand was founded in 2007 and claims to be the choice of more than 7 million brokers. InstaForex website may be very complex at first glance, but if you take a moment to look at it closely, you will find a wealth of content. The information bar on both sides of the page is full of attractive content, such as news, widgets, real-time charts, customer service and much more.
In the following article, we will analyze the features of this merchant in all its dimensions, providing you with easy and well-organized information. If you are interested, read on. Reading this article will take you approximately 7 minutes.
At the end of the article, we will also briefly extract the most significant advantages and disadvantages so that you can get an idea of the broker's features at a glance.
Market instruments
As we have said before, InstaForex web pages are very informative. On this trading products page you can see not only the trading products, but also the difference in commissions and spreads between different accounts. We can trade currency pairs, stocks, indices, precious metals, energies, commodities, cryptocurrencies and futures.
Spreads and commissions for trading with InstaForex
Let's take currency pairs as an example. Spreads and commissions vary on different accounts. On the MT5 and Standard accounts the spread is about 3 pips and there is no commission, while on the Eurica account the spread is 0 and the commission varies from 3-12 USD.
We can venture to conclude that Eurica is suitable for long-term traders who trade less frequently, while the other two accounts are suitable for short-term traders who trade more frequently.
Account Types for InstaForex
Demo account: InstaForex offers a demo account for testing a little on the financial market without the risk of losing money. Opening a demo account, according to the company, is as easy as ABC.
Live account: there are in total 4 types of accounts: insta standard, insta eurica, cent standard and cent eurica. The minimum deposit for opening an account at InstaForex is just 1 USD, and the trading conditions also seem to be quite favorable.
Trading platforms offered by InstaForex
As for trading platforms, clients can choose from the market leaders MetaTrader4 and MetaTrader5, which can be accessed from any device.
However, have you ever wondered or are you wondering which platform you should use? Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.
https://www.wikifx.com/es/wikishow/202207208464173722.html
Leverage offered by InstaForex
InstaForex offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
Unlike some brokers that lack information, InstaForex is very generous in providing information. If you carefully browse their website, you can find a wealth of information. As for deposits and withdrawals, InstaForex shows all methods, required fees and arrival times clearly on a single page.
Educational resources
InstaForex educational resources are extensive. Online charts, market analysis, Forex calculators, indicators, articles, questions and answers, glossary... Whether you choose InstaForex as your broker or not, you can make the most of the resources available here.
Customer support of InstaForex
Call back, live chat, WhatsApp, email...with numerous channels and 24/7 service, clients could get help whenever they have trading-related problem.
Here are more details about the customer service.
Languages: there are total sixteen languages on InstaForex website, which could meet the needs of most of its customers.
Service hours: 24/7
Phone: you could fill in a form, indicating your country, your preferred language and time, the team will call you whenever you want, and the service is totally free of charge.
Email: support@mail.instaforex.com
Social networks: Facebook, Twitter, YouTube, Telegram, Instagram
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time.
Advantages and disadvantages of InstaForex
Advantages:
Well regulated
MT4, MT5
Sufficient information
Educational resources
Many instruments available
Demo account
Disadvantages:
Low leverage
Frequent asked questions about InstaForex
Is this broker well regulated?
Yes, it is currently effectively regulated by CYSEC in Cyprus.
Does this broker offer MT4/MT5?
Yes, InstaForex offers both MT4 and MT5 for you to choose from.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
BlackBull Review Summary in 10 Points | |
Founded | 2014 |
Registered Country/Region | Auckland, New Zealand |
Regulation | FMA |
Market Instruments | forex, energy, indices, cryptocurrencies, equities and metals |
Demo Account | Available |
Leverage | 1:500 |
EUR/USD Spread | From 0.0 pips |
Trading Platforms | TradingView, MT4, MT5, BlackBull Trader and BlackBull Shares |
Minimum deposit | $0 |
Customer Support | 24/7 live chat, phone, email |
BlackBull is an STP (Straight Through Processing) forex broker that provides online trading services to retail and institutional clients. The company was founded in 2014 and is headquartered in Auckland, New Zealand. BlackBull is regulated by the Financial Markets Authority (FMA) of New Zealand and offers over 26,000 tradable instruments including forex, energy, indices, cryptocurrencies, equities, and metals. The broker provides clients with multiple trading platforms such as MetaTrader 4/5 and various trading tools. The company also provides educational resources to assist traders in their trading journey.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
BlackBull appears to be a reliable and well-regulated broker that offers a wide range of trading instruments, platforms, and educational resources. The broker's emphasis on security and transparency, such as offering segregated accounts and holding funds in Tier 1 New Zealand banks, is also a positive aspect.
However, there have been some negative reviews regarding difficulties in withdrawing funds and claims of the broker being a scam, which is a cause for concern.
Pros | Cons |
• Regulated by FMA | • Negative reviews from clients regarding withdrawal issues |
• Wide range of tradable instruments | • Limited range of payment options |
• Demo accounts available | |
• Multiple trading platforms and tools | |
• No minimum deposit requirement | |
• Rich educational resources |
It's important to note that this is just a general overview of the pros and cons, and individual experiences may vary.
There are many alternative brokers to BlackBull depending on the specific needs and preferences of the trader. Some popular options include:
UFX - provides a user-friendly trading platform and a wide range of educational materials, but there are some concerns about its regulation and customer service.
Valutrades - offers competitive spreads and multiple account types, but its product offerings are limited and its customer service could be improved.
Z.com Trade - offers low spreads and no deposit or withdrawal fees, but its product offerings are limited and it is only regulated in one jurisdiction.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
It's difficult to make a definitive determination on whether BlackBull is safe or a scam as there is no clear consensus on the matter. While the broker is regulated by the Financial Markets Authority and claims to hold client funds in safe, Tier 1 New Zealand-based banks with segregated accounts, the negative reviews from some clients who report issues with withdrawing their funds raise concerns. It's important for individuals to conduct their own research, carefully evaluate the broker's features and services, and exercise caution when investing their money.
BlackBull offers a diverse range of 26,000+ financial instruments across various asset classes, including forex, energy, indices, cryptocurrencies, equities, and metals. Traders have access to a wide range of currency pairs, including majors, minors, and exotics, and can also trade popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. Additionally, the broker provides access to a variety of equity CFDs, including those from major markets like the US, Europe, and Asia. Traders can also trade popular indices like major US and the NASDAQ, as well as energy products like crude oil and natural gas. Lastly, BlackBull provides access to precious metals like gold and silver, which are often used as safe-haven assets during times of market volatility. Therefore, both beginners and experienced traders can find what they want to trade on BlackBull.
Demo Account: BlackBull provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: BlackBull offers a total of 3 account types: ECN Standard, ECN Prime and ECN Institutional. The minimum deposit to open an account is $0, $2,000 and $20,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, the ECN Standard account will be the most suitable option for you.
BlackBull offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
BlackBull spreads and commissions depend on the account type. We can see that the spread starts from 0.8 pips on the ECN Standard account, from 0.1 pips on the ECN Prime account, while only the ECN Institutional account can enjoy raw spreads from 0.0 pips.
There is no commission for the ECN Standard account, a commission of 6 USD per lot for the ECN Prime account and 4 USD per lot for the ECN Institutional account.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
BlackBull | 0.8 pips | No commission (Standard) |
UFX | 2.0 pips | No commission |
Valutrades | 0.5 pips | $7 per lot round turn (ECN Pro) |
Z.com Trade | 0.5 pips | No commission (Standard) |
Note: Spreads can vary depending on market conditions and volatility.
As for the trading platform, BlackBull provides its clients with many options. There are public platforms including TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), BlackBull Trader, and BlackBull Shares.
TradingView is a popular charting and social trading platform that allows traders to connect with other traders, access a wide range of charting tools, and share trading ideas. MT4 and MT5 are well-known platforms in the forex industry, offering advanced charting capabilities, customizable indicators, and algorithmic trading options. BlackBull Trader is a proprietary platform developed by BlackBull that offers advanced charting and trading tools, while BlackBull Shares is a social trading platform that allows clients to automatically copy the trades of experienced traders.
Overall, BlackBull's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platforms |
BlackBull | TradingView, MT4, MT5, BlackBull Trader, BlackBull Shares |
UFX | ParagonEx, MT4, UFX Trader |
Valutrades | MT4, MT5, FIX API Trading, ValuMax |
Z.com Trade | MT4, MT5, Z.com Trader, Z.com Web Trader |
BlackBull offers Virtual Private Server (VPS) trading to its clients, which is a useful tool for traders who use automated trading strategies or expert advisors. The broker also provides access to other trading tools such as FIX API Trading, which allows traders to connect their own custom software to the BlackBull liquidity pool, as well as Autochartist, which provides market analysis and trading signals. ZuluTrade and MyFxbook are also available for those who want to follow and copy trades of other successful traders. Overall, BlackBull offers a range of trading tools to assist traders in their trading activities.
BlackBull offers its clients multiple options for depositing and withdrawing funds, including bank wire, POLi, and credit/debit card (Visa/MasterCard). The base currencies are USD and NZD.
No minimum deposit requirement. No fees for deposits and withdrawals. Most deposits are processed instantly, while withdrawals are typically processed within 24 hours.
BlackBull | Most other | |
Minimum Deposit | $0 | $100 |
See the deposit & withdrawal fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee |
BlackBull | None | None |
UFX | None | $50-$100 |
Valutrades | None | None |
Z.com Trade | None | None |
Note: The above information is subject to change and may vary based on the payment method used. It's always recommended to check with the broker for the most up-to-date and accurate fee information.
To withdraw funds from your account, visit the “My Wallet” tab found on the left-hand side of the portal.
Find the ‘WITHDRAW FUNDS’ tab along the top of this portal page. Within this tab, you will be presented with a 4-step process to request a withdrawal.
Step 1: Select the method by which you want to make a withdrawal. Only methods that you are approved to use will show up as an option to select.
Step 2: Select the wallet from which you want to make a withdrawal. Please note: Each withdrawal request is restricted to one wallet.
Step 3: Specify the amount you want to withdraw.
Step 4: Finally, confirm your request within the Secure Client Area, and the status of your request will change to pending.
Below are the details about the customer service.
Languages: English, Spanish, French, Chinese, German, Portuguese, Italian, Thai language, Korean, Arabic, Vietnamese, etc.
Service Hour: 24/7
Live chat
Email: support@blackbull.com
Phone: +64 9 558 5142
Address: BlackBull Markets, Level 20, 188 Quay Street, Auckland, 1010
Social media: Facebook, Instagram, LinkedIn, YouTube, Twitter, WhatsApp and Telegram
Overall, BlackBull's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
Pros | Cons |
• 24/7 live chat support | • No option for call back requests |
• Multilingual support | |
• Social media presence for easy communication | |
• Quick response time to customer inquiries |
Note: The information is based on online research and may be subject to change.
A series of educational resources is available at BlackBull, such as webinars, market analysis, and trading videos that cover various topics related to trading.
The educational materials are categorized based on the clients level of experience, with Forex Beginner, Forex Intermediate, and Forex Advanced categories. The educational articles cover a wide range of topics, from the basics of trading to advanced strategies and technical analysis. These resources are designed to help traders develop a better understanding of the markets and improve their trading skills, which can ultimately lead to more successful trades.
On our website, you can see that some users have reported unable to withdraw and scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Based on the information provided, BlackBull appears to be a well-regulated broker that offers a wide range of tradable instruments across multiple asset classes, as well as a variety of trading platforms and tools. The broker's educational resources and customer service are also noteworthy.
However, there are some negative reviews from clients regarding difficulty with withdrawals and accusations of being a scam platform, so traders should proceed with caution and do their own research before investing with BlackBull.
Q 1: | Is BlackBull regulated? |
A 1: | Yes. It is regulated by Financial Markets Authority(FMA) in New Zealand. |
Q 2: | Does BlackBull offer demo accounts? |
A 2: | Yes. |
Q 3: | How much leverage does this broker offer? |
A 3: | The maximum leverage of BlackBull is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information. |
Q 4: | Does this broker offer copy trading or social trading? |
A 4: | Yes. BlackBull offers both of them. |
Q 5: | Does BlackBull offer the industry-standard MT4 & MT5? |
A 5: | Yes. It supports TradingView, MT4, MT5, BlackBull Trader and BlackBull Shares. |
Q 6: | What is the minimum deposit for BlackBull? |
A 6: | There is no minimum initial deposit requirement. |
Q 7: | Is BlackBull a good broker for beginners? |
A 7: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive instaforex and blackbull-markets are, we first considered common fees for standard accounts. On instaforex, the average spread for the EUR/USD currency pair is Fixed 2-7 pips, while on blackbull-markets the spread is EURUSD average is 0.2; Gold average is 0.2.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
instaforex is regulated by CYSEC. blackbull-markets is regulated by FMA,FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
instaforex provides trading platform including Standard Trading Accounts,Eurica Trading Accounts,ECN Trading Account,ECN Pro Trading Account,Scalping trading account and trading variety including --. blackbull-markets provides trading platform including ECN STANDARD,ECN PRIME,ECN INSTITUTIONAL and trading variety including --.