Posted on 22 juin 2023 by Isabelle de Botton on FinTech

How to Withdraw Money from Blackbull Markets Updated year

The broker offers a small number of products compared to the leading brokers. For this BlackBull Markets review, we opened a live account and deposited over €4,000. By using BlackBull Market’s social trading, you can copy trading strategies from other traders, replicating their performance. Just make sure that you choose your sources xcritically to make the most of BlackBull Market’s social trading features. BlackBull Markets offers a free VPS subscription if your trading volume exceeds 20 lots per month, in Forex currency pairs or Metals.

  1. Please note that Herd Markets may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site.
  2. You can check the status of your BlackBull Markets withdrawal at any time by accessing the withdrawal history section of your BlackBull Markets account through the 2 factor login.
  3. Our first interaction with the team was via live chat, where we asked about the order execution and whether they allow hedging, scalping and change of leverage.
  4. They informed us that it would take one day to open our MT5 account.

The accounts are known as the Standard Account, the Prime Account, and the Institutional Account. Finally, we withdrew our funds to assess whether the withdrawal process was smooth. For most Forex currency pairs, the minimum spread is as low as 0, when you choose the ECN Institutional Account. This account charges commissions based on the lot size that you trade.

Trading Platform

BlackBull Markets ensure that your money is safe because they are regulated by the most authoritative authorities in the industry including FCA. While BlackBull Markets does not list withdrawal currencies, it supports USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, and ZAR as deposit currencies. Most traders prefer e-wallets due to their low transaction costs, fast processing times, and follow-on usage. BlackBull Markets offers four e-wallets to non-EEA traders, which feature two localized options catering to their primary growth markets. Traders who prefer the MetaTrader platforms will find a home with BlackBull markets. However, traders who prefer a proprietary platform are out of luck since the broker does not offer such a platform.

Requesting a Cancellation of an BlackBull Markets Withdrawal

The secure client portal handles all BlackBull Markets withdrawal requests from verified trading accounts. Traders at BlackBull Markets get six payment processors, no cryptocurrencies, but nine deposit currencies. The absence of a BlackBull Markets minimum withdrawal amount xcritical scam makes it dependent on the payment processor, which is usually a minor amount, granting flexibility to traders. The best thing about the broker is the high leverage levels offered to traders backed by its New Zealand FMA license, which ensures the security of customer funds.

The 4-step process to request a withdrawal from your account.

Only risk what you can afford to lose when trading with BlackBull Markets. However, if the BlackBull Markets withdrawal status displays as « In Process, » then BlackBull Markets are unable to assist you and you will need to get in touch with the BlackBull Markets customer support team. BlackBull Markets will send you an email to let you know that they have processed your withdrawal request once you have submitted the BlackBull Markets withdrawal request form. All BlackBull Markets withdrawal transactions can be tracked through the BlackBull Markets trading platform, just like deposits can be tracked through the BlackBull Markets platform. This will provide a list of the specifics of each BlackBull Markets transaction, including how much money is being withdrawn from BlackBull Markets and when it took place. Traders must also consider third-party payment costs and potential currency conversion fees.

How to withdraw funds from your account?

Traders must have enough free margin to cover the withdrawal amount. The broker provides instant execution and allows scalping and hedging strategies. The broker’s education offering is not as comprehensive as we would have liked. Traders can also open a demo account to practice trading on the broker’s platforms and test their trading strategies. They assess risk, implement controls, and help maintain a strong compliance culture within the organisation. The key to intelligent investment with BlackBull Markets is understanding risk management with BlackBull Markets and maintaining a level of restraint with regard to the amounts of money you trade with BlackBull Markets.

Clients can access the two platforms via the desktop and mobile MT4 and MT5 applications. These accounts do not attract a swap fee for positions held overnight. BlackBull Markets charges other non-trading fees, including deposit and withdrawal fees. There is minimum amount to be able to request a withdrawal from BlackBull Markets is $1. You can get in touch with BlackBull Markets customer support team through the Live Chat service, or you can submit a ticket through the help service centre. BlackBull Markets are available around the clock, Monday through Friday.

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