BlackBull Markets Emerges As New Zealand's Top Broker In 2024

Thursday, 19 September 2024, 2:59 pm
Article: Hugh Grant

CompareForexBrokers, a site that reviews, compares, and analyzes forex brokers, has awarded BlackBull Markets the top broker in New Zealand. The team created a comparison of FMA-regulated brokers in the country and ranked them accordingly.

This site judged brokers based on spreads, available trading platforms, customer service, and general trading experience. The top brokers offered good trading conditions, fair costs, and an excellent collection of trading assets.

However, according to CompareForexBrokers.com, “BlackBull Markets stands out due to its top execution speeds, high leverage, and powerful trading tools.” From their tests, BlackBull Markets was top of the list for market and limit order executions averaging between 100 and 50ms.

The broker also offers the maximum allowed leverage of 1:500. Regarding trading platforms, BlackBull Markets supports MetaTrader 4 and MetaTrader 5. In addition, it works with third-party trading tools like TradingView and CTrader. Traders can also use the BlackBull Trade copier.

CompareForexBrokers.com places CMC Markets second on the list. According to them, “CMC Markets is recommended for New Zealand traders interested in creating a diversified portfolio with multiple financial instruments.”

This broker provides access to 330 currency pairs, 9,000 stocks, 1,000 ETFs, 124 commodities, and 14 cryptocurrencies. Tests showed that CMC Markets offers low trading fees and great experience with technical analysis tools and a mobile app.

IG Group is third on the list of the top brokers in New Zealand. According to the awards, this broker offers “a superior trading environment suitable for beginners and experts.”

In addition to IG Group’s international recognition as a top broker, its proprietary forex trading platform also stands out. Although CompareForexBrokers indicates that it has limited MetaTrader 4 functionality, it offers comparatively low commissions.

TMGM comes fourth on the list, with CompareForexBrokers highlighting its tight spreads. According to the awards, this broker’s tight spreads come from its global network of top liquidity providers.

Reviews show that the broker supports multiple types of accounts for all kinds of traders. However, there is a limited number of forex pairs and an inactivity fee.

The awards ranked Plus500 fifth, recommending it for beginner traders in New Zealand. According to the review site, this broker has a straightforward, intuitive trading platform and great trading conditions.

CompareForexBrokers highlights Plus500’s easy-to-use mobile app for iOS and Android devices. However, the site mentions that these platforms do not offer advanced technical analysis features.

RockGlobal comes sixth on the list. According to the awards, it is the only broker in New Zealand that offers Trader Workstation in addition to MetaTrader 4. It has over 100 markets globally. However, CompareForexBrokers insists that this broker has limited funding methods and charges inactivity fees.

According to the awards, Axi, the seventh-place broker in New Zealand, stands out for its excellent MetaTrader 4 experience. If you’re a big fan of the MT4 platform, this broker offers several supported add-ons and integrations.

Axi provides access to ZuluTrade for copy trading and MyFxBook for social trading. However, the review showed that this broker offers limited customer support and fairly high trading costs.

According to CompareForexBrokers, ThinkMarkets is New Zealand’s eight-rated FMA-regulated broker. This broker offers a swap-free trading environment. It also supports MetaTrader 4 and MetaTrader 5. However, the site indicates a minimal selection of forex fairs.

Overall, BlackBull Market’s emergence as the top broker in New Zealand simply highlights its trading conditions. Its leverage, trading platforms, spread, and executions have placed it above its competitors.

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