What Account Types and Fees Does BlackBull Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| ECN Standard Account |
Beginner and casual traders |
Commission-free with spreads from 0.8 pips, high leverage up to 1:500 |
No minimum deposit required, suitable for learning trading |
| ECN Prime Account |
Active traders and scalpers |
Low spreads starting at 0.1 pips with a commission of $6 per lot |
Minimum deposit of $2,000, ideal for algorithmic trading |
| ECN Institutional Account |
Professional and institutional traders |
Raw spreads from 0.0 pips with a commission of $3 per lot |
Minimum deposit of $20,000, customizable server options available |
| Islamic Account |
Traders requiring Shariah-compliant options |
Swap-free across all account types, compliant with Islamic law |
Available upon request for eligible clients |
| Demo Account |
All traders for practice |
Virtual trading environment with $100,000 balance |
30-day time limit, can be requested for an extension |
Account Opening Process
Opening an account with BlackBull is straightforward and efficient. Traders begin by filling out an online application form that requires personal, employment, and financial information. This process includes identity verification, where users must provide a valid ID and proof of address. Once the initial setup is complete, users can access their accounts and trade. Additionally, BlackBull allows for account flexibility, meaning traders can upgrade to a professional account status if they meet the requisite trading volume requirements in the future.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.0 |
$0 (ECN Standard), $6 (ECN Prime), $3 (ECN Institutional) |
Competitive pricing structures |
| CFDs (Stocks, Indices) |
Varies (0.5-1.5) |
$0 (ECN Standard), $6 (ECN Prime), $3 (ECN Institutional) |
Based on asset volatility |
| Cryptocurrencies (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, traders should be aware of several other costs associated with their accounts at BlackBull. There are no deposit fees, but withdrawals incur a fee of $5. An inactivity fee of $5 per month is charged after 90 days of inactivity. While there are no platform usage fees, traders who wish to utilize VPS hosting services will need to subscribe, starting at $30 per month. Additionally, overnight interest (swap rates) may apply depending on the positions held overnight, and currency conversion fees might be applicable when trading in different currencies.
