During my training sessions, a common question is which broker I recommend. I’ve used several platforms, including IG, ICMarkets, YLDFX, and Black Bull. While ICMarkets had acceptable performance, I found their MT5 terminal’s spread and speed to be lacking. YLDFX offered excellent customer support, but they had significantly high spreads and slow MT5 network access.
Ultimately, my top two choices were IG and Black Bull. However, if I had to choose one, it would be Black Bull. Their trading speeds are noticeably faster, and their swap charges are lower compared to IG. This is particularly important for active traders.
A key factor in my decision is the spread offered for EUR/USD, a pair I trade frequently. As illustrated below, IG’s spread for EUR/USD is 1.04, while Black Bull’s spread is only 0.2. This difference has a significant impact on trading costs, especially for frequent traders.
IG Spreads
Black Bull Spreads
Since I primarily trade Forex, these factors make Black Bull the ideal broker for my needs. I have included a link below, and I want to disclose that I will earn an affiliate commission if you sign up with them through this link.
Please remember that trading involves risk, and past performance is not indicative of future results. It’s important to do your own research and consider your individual trading needs before choosing a broker.
