Bullgeko Review
- Matthew S.
- Read time: 16 minutes
- Updated March 1, 2022
Bullgeko
Trading Platforms
- MT4
- MT5
- Web Trader
- cTrader
- Mobile App
- Proprietary
Available Assets
- Forex
- Crypto
- Stocks
- Indices
- Commodities
- Futures
Funding Options
- Bank Wire
- PayPal
- Visa/MC
- Crypto
Company Information
- HQ: United Kingdom
- Excluded: US, AF, IR
- Founded: 2013
Pros
- Free deposit & withdrawal
- Great available support
- Low fees & commissions
Cons
- Basic educational resources
- No banking licence
General Information
- Min. Deposit: $250
- Max. Leverage: 1:300
- Average Spread: 0.1
- Demo Account
- 24/7 Support
- Free Withdrawal
Overview
BullGeko is a U.K based trading broker that specialises in providing trading opportunities in a highly volatile asset class like crypto. The broker was established in 2013 and, since then, they have extended its roots to over 150+ countries worldwide. The broker deals in 350+ assets, including forex, commodities, stocks, indices, CFDs and cryptocurrencies. The broker is not regulated however, the process is underway and they are waiting for the regulation licence that soon will be approved.
Trading Platforms
BullGeko provides the in-house Web Trading platform and a user-friendly mobile app for instant execution of orders. On a downside, the broker does not provide third-party, well-known platforms such as MetaTrader 4 and cTrader.
BullGeko Web Trading Platform
BullGeko provides instant access to the Web Trading platform. All you need is an internet connection, and you are good to go. You enter necessary credentials like name, email and phone number before opening an account, and a screen appears on your computer screen, allowing you to observe currency market conditions instantly.
The charts at the BullGeko Webtrader has been imported from the TradingView API which provides free-of-cost charting services to websites and mobile apps with limited features. BullGeko Web Trader allows dealing in currencies, stocks, indices, commodities and cryptocurrencies all in a single place. Live price movement and order placements can be observed and easily understood for beginners. All famous currency pairs, including GBPUSD, EURUSD and USDJPY are there for your ease.
The Web Trader enables a trader top open three type of positions and check them out with a single click at the bottom of the screen. They can access Open positions, Closed Positions and Pending positions all in a single place.
The Web Trading platform provides an epic range of drawing tools that help make and implement the strategies while trading. Here is the list of drawing tools you to help while building a strategy.
Mobile Trading application
Traders may access all of the platform’s features by utilising eToro’s mobile trading app, which you can download from the relevant app stores for both Android and iOS devices. Using the eToro mobile trading app, traders may manage their portfolio, follow markets, interact with other traders, and execute any trade available on the site from their smartphone or tablet. The mobile app is useful for people who wish to trade from different mobile devices and on the go from anywhere in the globe with an internet connection.
BullGeko Mobile App
The broker provides a user-friendly mobile app that equips the broker with all those necessities provided by the broker’s Web trading platform. According to 04/01/2022, the app is down for maintenance.
TradingView
TradingView includes more than 100 built-in market analysis indicators based on industry-standard formulas. The public library houses over 5,000 custom-built indicators designed by talented community developers. Custom indicators are written in the Pine programming language, allowing users to design them from the ground up. Indicators are price or volume-based calculations that are displayed on the chart.
Some indicators provide clear buy and sell signals, while others must be interpreted based on a specific strategy. Most traders who use indicators use various types that work well together. Based on these indicators, they look for a combination of signals. Average True Range (ATR), Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD), Ichimoku Cloud, and Exponential Moving Average are all popular indicators (EMA).
Here are a few of the key features of TradingView proprietary platform:
- Pine Script alerts
- 100+ Financial Matrices
- Valuation analysis
- Up to 8 charts per tab
- 12 alert conditions
- Candlestick patterns recognition
- Alerts on price, indicators & strategies
- 50+ smart drawing tools
- Worldwide coverage
- 100+ fundamental fields and ratios
- Alerts for every device
- 100,000+ community-built indicators
- Plus, synchronise symbols, intervals, and even drawings
- Volume Profile indicators
- Multi-timeframe analysis
- 40+ Most Popular Crypto Exchanges
- 130+ Exchanges from all over the World
- Push & webhook notifications
- 100+ pre-built most popular indicators
- Financial statements
- Historical data you can apply on the chart
- 12 chart types, including Kagi, Renko, and Point & Figure
| Platform | |
|---|---|
| MetaTrader 4 (MT4) | ✖ |
| MetaTrader 5 (MT5) | ✖ |
| cTrader | ✖ |
| Proprietary | ✔ |
| Desktop | ✖ |
| Web | ✔ |
| Mobile | ✔ |
| TradingView | ✔ |
Fees
Commission and Spreads
Here is the structure of trading and non-trading fees of BullGeko.
| Fee | Classic | Silver | Gold | VIP |
|---|---|---|---|---|
| Commission (per standard lot per side) | $0 | $0 | $0 | $0 |
| Spreads from | 0.1 | 0.1 | 0.1 | 0.0 |
Deposit and Withdrawal Fees
BullGeko provides a variety of payment options. Clients can deposit and withdraw funds through bank (wire) transfers, debit/credit cards, and cryptocurrencies.
By not charging fees for deposits or withdrawals, the broker streamlines transactions for its clients. However, you should verify with your service providers, such as a bank or an intermediary, to see whether any transaction fees are required.
Inactivity Fees
Fortunately, BullGeko does not charge any account inactivity fees.
Trading Instruments
BullGeko gives you access to over 50+ markets from a single platform. The broker deals in 350+ assets, including forex, commodities, indices, stocks, CFDs and cryptocurrencies. BullGeko, on the other hand, does not offer additional asset types like bonds or options.
| Instruments | Availability |
|---|---|
| Forex | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Options | ✖ |
| Bonds | ✖ |
| ETFs | ✔ |
| CFDs | ✔ |
Customer Service
BullGeko provides 24/5 live chat, email, and phone support to clients worldwide. The broker has two offices based in Australia and the U.K. Using local numbers benefits local clients as it reduces the cost. On top of that, the broker is also providing the “request a call back” option on the website.
On the downside, the broker has seems to be providing whatsapp and viber support, but the links are not clickable. Hopefully, the team will update the customer support modes soon.
Usability
BullGeko has created a web and mobile trading platform for traders of all skill levels. Platform usability is the broker’s first impression; if they fail to provide easy-to-navigate menus for everyone, they will fail to persuade the audience to create long-term business relationships.
The proprietary trading platforms are also user-friendly, but we recommend you to use them if you have some experience in trading. Here are the order types you can make with the proprietary platforms:
- Stop-loss / Take profit
- Pending Order
The broker has been using a TraidngView API for their platform that comes up with a lot of customisation options and strategy tools. It is user-friendly and known to almost all classes of traders. The mobile app is also easy to use for beginners and the pro-level traders.
Research & Education
BullGeko offers a variety of free educational tools for both rookie and experienced traders. These training tools will help you enhance your trading abilities and financial market understanding.
Daily Analysis: Daily trading analysis as a summary of both fundamental and technical analysis positively impacts a trader. The BullGeko keeps you up to date and gives you the analysis on almost every pair they deal in. The micros and macros are covered in such a way to give the trader precise information. It is a good source of learning. If you are a beginner and don’t have money to invest, you can learn from this section. After consistent analysis and readings, you will become confident enough to win a trade.
Free Live Webinars: Webinars is the best way to learn from the most experienced, successful traders online. Your concerns and queries will be address through schedules webinars. With Trader’s Glossary, you can keep yourself equipped with the terms and conditions and the “must-haves” for a trader. This will keep you away from any inconvenience.
Autochartist: Autochartist is a powerful pattern-recognition application that monitors markets for you automatically. The features of Autochartist are designed to identify patterns in charts, with the major advantage are the real-time insights it generates for market movements. Autochartist continually monitors the markets on your behalf and sends you price notifications anytime a fresh opportunity arises. Its programme is designed to help you identify trading opportunities based on support and resistance levels.
Technical analysis is built on support and resistance levels, and many efficient trading strategies may be based on them. This is due to the fact that support and resistance are similar to glass floors and ceilings, which are often perceived to limit a market’s range of movement.
Aside from its features, there are also a number of benefits to using the Autochartist program.
The benefits of Autochartist include:
• Faster analysis
• Chart pattern recognition
• Flexibility
• Alerts
Personal Account Manager: BullGeko offers a professional personal accounts manager to handle the trades. Individual investors and speculators generally establish trading accounts and trade using their own expertise. Many amateurs find this difficult, but those that do may earn extremely large returns—sometimes even greater than the return on equities. Using the services of a professional manager prevents the extra time, effort, and eventual loss that comes with inexperienced traders in this market. The aim is that a more experienced professional can be trusted on to deliver profitable returns.
While entrusting one’s money management to an outsider may appear suspicious to some, it is nevertheless an option worth considering. Among the benefits are the following:
• you will have more free time
• your funds are in the hands of a pro
• you have the opportunity to choose an investment strategy
• you do not have to pay a fee for the period in which you did not earn anything
• you can refuse services at any time
The fact that someone else is in charge of your account does not imply that you have given up control. You have full control over a specialist’s actions. As a result, you should have at least a basic knowledge and understanding of market principles.
Educational Sessions: BullGeko is always one step ahead in educating the traders at every level. No matter if you are a beginner, advanced or professional trader; there is an education strategy for you. For beginners, you will have tutorial on where to start. Educational articles, courses and webinars enable you to choose what way you take to learn. There are scholarly articles on how you can scale up your trading skills for the intermediate level. There are articles and courses for advanced-level traders to scale up profit.
| Resources | |
|---|---|
| Market Analysis | ✔ |
| Guides | ✔ |
| Videos | ✔ |
| Webinars | ✔ |
| Autochartist | ✔ |
| Trading Central | ✔ |
| Economic Calendar | ✖ |
Safety
BullGeko is not a regulated broker. Besides this, the licence is under process and soon, the broker will be regulated which will add more credibility to its reputation. Currently Bullgeko is one of the top popular broker as we found in our research, they have incredible support over the social networks and have a good score of 4.5 at Trustpilot.
Pros & Cons
Pros
- 0% Commission
- Tight Spreads
- Demo accounts
- Islamic accounts
- Multiple payment methods
- High-speed order execution
- Autochartist
- TradingView platform
- Free deposit and withdrawal
- Offers wide crypto assets
- No Inactivity Fees
- Personal accounts manager
- Various account types
Cons
- Quite high minimum deposit
- U.S clients not accepted
- Financial information not public
- No MetaTrader Platforms
- Application down for maintenance
Conclusion
Despite of being new to the industry BullGeko has expanded its network to 150+ countries. The broker’s provide a wide asset class to trade with 350+ instruments. The proprietary trading platforms are easy to use and understandable for every level of trader. The broker provides extensive educational material for every level of trader, and the account types are designed keeping in mind trader’s psychology. The customer support needs improvement because it is not 24/7. There is not enough data and material on the website to entertain a beginner. The broker’s licence is underway and soon will be approved, making the broker more credible.