For most retail brokers, setting up a FIX API is not feasible due to the lack of necessary technology infrastructure. FIX API technology is primarily used by institutional market players for several reasons, but BlackBull Markets offers FIX API connectivity to clients.
Why FIX API is Dominated by Institutional Players?
Sophisticated Infrastructure: Providing a FIX API requires an advanced backend system. This technology is not typically available to retail brokers, even those connected to aggregators. Only a few enterprise-level FX Solution Providers can offer and maintain such robust infrastructure.
Support Costs: Even if a broker partners with a technology provider that supports FIX API, the costs of support can be significant. Most technology providers do not offer end-user support, but our experienced team provides 24/7 support for FIX API services.
Risk Management: FIX API traders are often sophisticated and more likely to be profitable. BlackBull Markets connects to various multi-bank LPs to accommodate diverse trading strategies.
FIX API Requirements with BlackBull Markets’ :
Initial Deposit: A minimum deposit of US$50,000 is required to open a live account.
Monthly Commission: Traders must pay a monthly minimum commission if certain trading volumes are not met (Min. 100 FX/Metals lots).
Setup Fee: There is a $500 setup fee to cover initial costs.
Graphical User Interface (GUI): A platform/interface is essential for viewing equity and floating positions in real-time and for managing positions in emergencies. Most technology providers do not offer a GUI, so significant in-house programming may be necessary to access account metrics.
If you want to get more information about how to trade via FIX API please contact our Institutional Sales team on support@blackbull.com
We look forward to hearing from you,
BlackBull Markets Support Team
