BlackBull Markets Minimum Deposit

BlackBull Markets minimum deposit in New Zealand is USD 0 (NZD 0). This is the lowest of all required deposits for BlackBull Markets’ trading accounts.

The institutional account has the highest minimum deposit. Depend on your experience and trading volume, you can choose any of the accounts offered by BlackBull Markets.

How Much is BlackBull Markets Minimum Deposit in New Zealand?

Generally, it is $0 (NZD 0). However, it also depends on your account type. Here is a breakdown of the accounts and their minimum deposits.

1) ECN Standard Account

This account is tailored towards beginners. It has the lowest minimum deposit at $0 (NZD 0). So if you are a beginner, you can open an account with small amount. No commission is charged per standard lot and spreads begin from 0.8 pips.

The minimum trade size is 0.01 lots.

2) ECN Prime Account

The ECN Prime Account is BlackBull Markets’ most popular account. It is for traders with more experience in the financial markets.

The minimum deposit reflects this fact. You will need $2000 (NZD 3,320) to open this account. Though the spreads are lower (from 0.1 pips), there is a commission that you will pay.

For every standard lot you trade on this account, you are will be charged US$6. Minimum lot size is 0.01 and you can trade forex, commodities, equities, futures, and indices.

3) ECN Institutional Account

As the name implies, this account is for those who trade at institutional level. It is for high volume professional traders. The minimum deposit for the account is $20,000 (NZD 33,200). The spreads for this account begin from 0.0 pips.

For commissions, you will pay US$4 for every standard lot opened and closed. Holders of the institutional account can also have access to custom options for their servers.

4) Swap Free Account

The swap free account is for those who want to trade without paying or receiving interest. This could be for cultural or religious reasons.

BlackBull Markets’ swap free account is only available for the ECN Standard and ECN Prime Accounts only. Institutional traders cannot open a swap free account.

The trading conditions and minimum deposits remain the same for this account. You will also have access to all the trading instruments.

Here is an overview of BlackBull Markets account types.

BlackBull Markets Deposit Methods and Required Fees

BlackBull Markets have seven (7) funding methods. All of these methods allow you to fund your account in multiple currencies. Here is a quick breakdown of these funding methods:

1) Visa: BlackBull Markets accepts Visa card. The minimum deposit for this method is $50 and processing time is instant.

2) MasterCard: Cards from MasterCard are also supported. Minimum deposit is $50 with instant processing on approval.

3) Skrill: Minimum deposit for Skrill is $1. It will take up to 24 hours to process your payment.

4) Neteller: Neteller is also supported by BlackBull Markets. The minimum deposit for this method is $50 with instant processing on approval.

5) Bank Transfer: BlackBull Markets allow funding via bank transfer. The processing time is longer at 1-3 business days. The lowest amount you can deposit is $1.

6) AstroPay: Lowest amount you can deposit is $5 with instant processing after your payment is approved.

7) Airtm: Processing takes up to 24 hours with $1 as lowest deposit.

Note: BlackBull Markets does not charge any fees when you fund your account. However, any of these payment providers or your bank might charge a fee.

How to Deposit Money into your BlackBull Markets Account

1) Log in to your BlackBull client area.

2) Choose your funding method

3) Enter the amount you want to deposit and enter your deposit details

4) Fund your account.

Comparison Of BlackBull Markets Minimum Deposit With Other Brokers

Here how other broker’s minimum deposit compare with that of BlackBull Markets in New Zealand

Frequently Asked Questions