BlackBull Markets forex spreads

When trading forex, the spread – the difference between the bid and ask price – directly affects your profits. A lower spread means lower trading costs. But are the spreads at BlackBull Markets truly competitive?

Overall, yes, forex spreads at BlackBull Markets are low. For example, the EURUSD spread is 0.1, which is considered low.

Forex spreads and commissions: Your go-to guide for BlackBull Markets

Forex spreads and commissions: Your go-to guide for [Broker Name]

Krisztián Gátonyi

Forex • Market Analysis • Algo Trading

I have more than 15 years of experience as a forex trader, actively trading on a daily basis with many currency pairs. I put great emphasis on risk management and self-discipline: I keep a trading journal to help me stick to my strategy, and I have sharpened my keen sense of broker safety by testing more than 50 forex brokers.

Learn about our methodology

Krisztián Gátonyi

Forex • Market Analysis • Algo Trading

Together with my brokerage analyst colleagues, I thoroughly tested the services of BlackBull Markets by opening a real-money account and executing actual trades on its platforms. Here’s what you need to know about forex spreads at BlackBull Markets.

• The spreads may differ by currency pair, check them to control your trading costs.

• Keep an eye out for any extra forex commissions.

• Look for lowest spread forex broker available in our top list.

Understanding and keeping a close eye on major currency spreads is crucial for managing your trading budget effectively.

Imagine you're trading EUR/USD and you totally get how spreads work – the lower, the better. By choosing a broker with the lowest spread, you save on every trade, boost your profits, and stay ahead of other traders. This means more money in your pocket and better decisions on your next move.

Here are the forex spreads at BlackBull Markets for major currency pairs:

Spreads were collected on Apr 22, 2024.

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Unfortunately, BlackBull Markets charges additional forex fees as per the table below. You should consider both types of fees: even if the spread is low, it may be offset by an additional fixed commission. Make sure to look at the whole picture and total costs (spreads and commissions) when deciding which broker is the best for you.

How does that extra costs affect you? Imagine you find a great deal on a flight, but when you go to book, there are extra charges for baggage, seat selection, and booking fees. The total cost ends up being much higher than the advertised fare.

For this use case, let's imagine that the FX commission is $3.50 per 1 lot (that’s $100,000 in forex speak). So, here’s how it works if you trade 1 lot of EUR/USD:

When you buy, you get hit with a $3.50 commission. When you sell, there’s another $3.50 commission. That’s $7 in total. Add in the spread, which, in this case, is 1 pip or $10.

Drumroll, your total cost for opening and closing 1 lot would be $17.00. That’s $7.00 in commission and $10 for the spread.

Check our top list of the lowest-spread brokers. The BrokerChooser team conducts extensive evaluations of more than 100 brokers globally, focusing on critical factors such as regulation, financial stability, customer service quality and transparency of operations.

For more details on BlackBull Markets, read our comprehensive BlackBull Markets review for 2024.