Blackbull Markets Broker Review

BlackBull Markets Review

What is BlackBull Markets?

BlackBull Markets is a sizable Forex Broker and trading firm. As a financial services provider, this broker offers multiple trading solutions and utilizes its proprietary software to provide powerful trading performance and competitive pricing. It commenced operations in 2014 from Auckland, New Zealand, and leverages its years of Institutional Forex experience to cater to the needs of retail traders by offering a wide range of resources.

Furthermore, BlackBull Markets was initially established as a prime broker, providing retail trading solutions and maintaining trading facilities in major global trading centers such as London, UK, and Malaysia. This enables the broker to offer global exposure to its clients. They offer diverse trading conditions and a wide selection of assets to trade, along with comprehensive learning materials and programs tailored for active traders.

In addition to the retail trading solutions, BlackBull Markets also provides professional services for institutional accounts, money managers, as well as MAM (Multi-Account Manager) and PAMM (Percentage Allocation Money Management) accounts.

Best Market Maker Broker

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Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
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Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
Table Header
Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
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Minimum Deposit
0

BlackBull Markets Pros and Cons

Based on our findings, we have observed that BlackBull Markets offers excellent trading conditions and operates as a fully regulated broker. It stands out among other brokers by providing high leverage, which is still available despite recent restrictions. Moreover, it offers a favorable trading environment, with a $0 deposit requirement and some of the lowest spreads based on our research. In addition to its professional trading services, BlackBull Markets also offers a high level of educational resources and research materials.

BlackBull Markets Review Summary

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Headquarters:

New Zealand

Regulation and License:

FMA, FSA

Platforms:

MT4, MT5, TradingView, Social trading Myfxbook and ZuluTrade

Instruments

Forex, Index and Single Stock, Crypto CFDs, Commodities, Precious Metals, and Energy

Costs:

0.9 pips

Demo Account:

Available
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Minimum deposit:

$0

Base currencies:

Various base currencies offered

Education:

Forex Education and tools on a free basis

Customer Support:

24/7

Best Market Maker Broker

Table Header
Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
Table Header
Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
Table Header
Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
Table Header
Minimum Deposit
0

Overall BlackBull Ranking

Based on our expert analysis and review of BlackBull Markets, we deem their proposal to be reliable, with highly favorable trading conditions. There are several factors that distinguish BlackBull Markets, such as low fees, universally accessible high leverage, and the provision of excellent trading platforms and this is why we have selected BlackBull Markets as one of our partners.

Awards

Our findings indicate that BlackBull Markets is held in high regard as a broker, with a majority of satisfied clients who appreciate the trading conditions and the quality of service provided. This sentiment is reinforced by numerous awards, attesting to BlackBull Market’s success in the industry and positioning them as a respected trading provider known for their technological advancements and innovation.

Furthermore, we have observed positive developments throughout BlackBull’s history. While initially focusing on their local market, the company has expanded its reach and transformed into a global broker, solidifying its position in the industry.

Is BlackBull Markets safe or scam?

No, BlackBull is not involved in any scam activities. It offers low-risk Forex and CFD trading services. Black Bull Group Limited, operating as BlackBull Markets, is a registered and incorporated company in New Zealand. It is regulated by the local authority FMA, which adds an important layer of security and credibility.

Being a regulated broker is a significant factor as it ensures that the company has undergone thorough scrutiny and complies with all the necessary laws and operational standards. This regulatory oversight provides assurance and makes BlackBull a trustworthy investment firm.

Here are the points in a bullet format with icons:

Is BlackBull Markets regulated?

The registration with the New Zealand legislation regime serves as a testament to the good standing and reliability of BlackBull Markets and signifies that the broker operates fully within the regulatory framework. They adhere to money protection rules and policies, ensuring a secure trading environment. In the event of the company’s insolvency, as defined by FMA rules, clients are eligible for compensation.

It is worth noting that for countries where registration with FMA is not available, there is an additional entity based in SVG that allows for opening accounts and trading under BlackBull International. However, we generally advise caution when dealing with offshore brokers. Nevertheless, since BlackBull is licensed by FMA, we consider it a reliable option. It is important to mention that the document requirements for account approval may differ due to the higher standards set by FMA.

What Leverage does BlackBull Markets offer?

In our BlackBull Markets Review, an important aspect to consider is the available leverage levels. Typically, the maximum leverage is determined by the instrument being traded and the type of trader, whether professional or retail, as well as being subject to regulatory requirements.

The good news is that BlackBull Markets offers high leverage levels of up to 1:500 for both retail and professional traders. International traders can also enjoy leverage of 1:500 through the Seychelles entity. This is particularly noteworthy, as many regulatory authorities worldwide have significantly reduced the allowed leverage levels. However, it is crucial to use high leverage wisely and responsibly, as it requires a good understanding to avoid excessive trading risks.

Best Market Maker Broker

Table Header
Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
Table Header
Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
Table Header
Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
Table Header
Minimum Deposit
0

Account Types

BlackBull Markets designed three account types, all based on ECN execution and offering competitive trading conditions through a no dealing desk model of operation. BlackBull provides access to its trading rooms for traders of different sizes, portfolios, and needs.

See below for our positive and negative points, as well as a comparison of the different account types.

Additionally, BlackBull Markets offers specified and defined access for institutional trading and professionals. These specialized accounts are tailored and sustained according to specific requests. Active traders can also benefit from tailored solutions and additional services such as VPS hosting, advanced reporting, rebate programs, and more to enhance their capabilities.

How to open Account

Opening a BlackBull account is a fully digital process, providing easy step-by-step guidance to access and activate your specified trading conditions. Here are the account opening steps:

What Leverage does BlackBull Markets offer?

In our BlackBull Markets Review, an important aspect to consider is the available leverage levels. Typically, the maximum leverage is determined by the instrument being traded and the type of trader, whether professional or retail, as well as being subject to regulatory requirements.

The good news is that BlackBull Markets offers high leverage levels of up to 1:500 for both retail and professional traders. International traders can also enjoy leverage of 1:500 through the Seychelles entity. This is particularly noteworthy, as many regulatory authorities worldwide have significantly reduced the allowed leverage levels. However, it is crucial to use high leverage wisely and responsibly, as it requires a good understanding to avoid excessive trading risks.

Account Types

BlackBull Markets designed three account types, all based on ECN execution and offering competitive trading conditions through a no dealing desk model of operation. BlackBull provides access to its trading rooms for traders of different sizes, portfolios, and needs.

See below for our positive and negative points, as well as a comparison of the different account types.

  1. Access the BlackBull Markets Sign In page.
  2. Enter your personal data, including your First and Last Name, Country of residence, email, phone, etc. You can also choose to use your existing Facebook or Google account.
  3. Choose the account type that suits your preference and specify your trading experience.
  4. Verify your account by following the email instructions and uploading the necessary proof of ID, address, and other required documents.
  5. Gain access to your trading and account area by logging in to your Demo account.
  6. Proceed with your first deposit.

The account opening process at BlackBull is entirely digital and provides a guided step-by-step approach to help you obtain access and activate your specified trading conditions.

Trading Instruments

BlackBull Markets offers access to a wide range of global markets, including over 64 currency pairs, Forex, indices, metals, commodities, energies, and crypto CFDs. This diverse range of trading instruments allows you to effectively diversify your portfolio. It is particularly beneficial because it includes popular trading options, and it aligns with a good cost strategy and inbuilt proposal.

Fees

The trading costs at BlackBull consist of regular spreads or commission charges, which vary based on the specific instrument being traded. To have a complete understanding, it is important to consider additional factors such as rollover or swaps, as well as non-trading fees like deposit fees or any applicable additional charges.

Best Market Maker Broker

Table Header
Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
Table Header
Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
Table Header
Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
Table Header
Minimum Deposit
0

Trading Rollover

In addition, it is important to take into account the swap or rollover fees that are applied to positions held for more than a day. Moreover, BlackBull Markets also provides suitable options for traders who adhere to Sharia rules, known as Islamic Swap-free accounts, ensuring that global investors can find suitable trading conditions.

BlackBull Markets Spread

At BlackBull Markets, you have the flexibility to choose the most suitable option based on your trading style. For beginner or regular-sized traders, the ECN Standard account is available, with all costs included in the spread, starting from 0.8 pips. On the other hand, active or professional traders may find the ECN Prime account more suitable, offering raw spreads starting from 0.1 pips and a commission charge of $6 per trade.

What Deposits and Withdrawals BlackBull Markets use?

As a regulated broker, BlackBull Markets provides a solid selection of secure funding solutions and prioritizes the safekeeping of funds through top-tier segregated Bank accounts. However, it is important to verify the specific conditions and methods applicable to your residence, as regulations and rules may vary. This ensures that you have a clear understanding of the funding options available and can make informed decisions accordingly.

Deposit Methods

BlackBull Markets offers multiple methods for fund deposits and withdrawals, including the following and more (based on entity conditions):

Additionally, you have the option to choose a base currency for your account, which facilitates easy transfers and eliminates conversion fees.

Withdrawal

BlackBull Markets does not impose any fees for deposits. They offer a variety of withdrawal options, including popular methods like Bank Transfers and credit cards. However, please be aware that there are charges associated with withdrawals. The cost of withdrawing money is 5 units of the base currency or $5 if your base account currency is in US dollars.

How long does it take to withdraw money from BlackBull Markets?

To initiate a fund withdrawal from your BlackBull account, follow these steps:

  1. Log in to your account area or Client Portal.
  2. Go to the ‘Funding’ section and select the ‘Withdraw Funds’ tab.
  3. Complete all the necessary information as requested.
  4. Submit the withdrawal request.
  5. BlackBull will process your request within 1-2 business days.
  6. Once processed, your chosen payment provider will add the funds to the selected method.

Trading Platforms

As part of the BlackBull Markets Review, the platform options offer a choice between the industry-leading MetaTrader 4 and its advanced successor, MetaTrader 5. Both platforms provide a combination of robust features and a user-friendly interface, catering to the needs of beginners and professionals alike. These software options serve as excellent companions throughout your trading journey.

Furthermore, BlackBull Markets has recently added TradingView, the world’s leading charting and social trading platform, to its offerings. This integration allows clients to trade directly within TradingView, enhancing the overall trading experience and expanding the broker’s proposal.

Best Market Maker Broker

Table Header
Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
Table Header
Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
Table Header
Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
Table Header
Minimum Deposit
0

Web Trading

Both BlackBull platforms are designed to be compatible with various devices, including PC, MAC, tablets, and mobile devices. Additionally, there is a web version accessible directly from your browser. While the web trading version may have slightly limited tools compared to the desktop version, it still offers essential features necessary for day-to-day trading. Please refer to our snapshot of the platform below.

The platforms have a clear and user-friendly interface, which is renowned in the industry due to the technology used in MT4 and MT5. Coupled with BlackBull Markets’ exceptional trading solutions and a strong focus on innovation, you can optimize your trading performance. Furthermore, BlackBull provides additional benefits such as VPS servers and FIX API Trading capability, enabling you to deploy your trading strategies at their best.

Mobile Trading Platform

In today’s trading landscape, it is nearly inconceivable to trade without a mobile platform, as it allows you to stay connected and updated on the market situation no matter where you are. BlackBull Markets Mobile platform not only fulfills this need but also offers a range of technical analysis tools and chart options, which we found to be quite impressive.

AutoTrading

When it comes to the platforms, it is worth mentioning that BlackBull provides great software for both manual and automated trading. There are no restrictions on the use of Expert Advisors (EAs), and strategies such as scalping and hedging are fully supported. With BlackBull’s technology execution and comprehensive education resources, you have the potential to maximize your trading outcomesโ€”it all depends on your own efforts and strategies.

Furthermore, you have the opportunity to engage in social trading through renowned platforms like ZuluTrade and Myfxbook, allowing you to explore and benefit from the wisdom of the trading community.

Customer Support

When it comes to customer support, BlackBull has made every effort to ensure maximum comfort and satisfaction for its traders at every step.

You can confidently reach out to the support team with any concerns or questions you may have, knowing that you will receive quality service. The support team is readily accessible through Live Chat, International Phone Lines, and email, ensuring assistance is available across different time zones and geographical locations. BlackBull’s commitment to providing reliable customer support reflects their dedication to ensuring a positive trading experience for their clients.

Best Market Maker Broker

Table Header
Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
Table Header
Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
Table Header
Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
Table Header
Minimum Deposit
0

BlackBull Markets Education

In addition to its advanced and competitive offerings, BlackBull provides comprehensive educational resources tailored to traders of different levels.

These resources include trading videos, guides, and a trading glossary, offering high-quality information to enhance your trading knowledge. To further support your trading journey, BlackBull Markets maintains a Trading Blog that provides market overviews, analysis, and research materials.

Furthermore, BlackBull offers a range of packed research tools, leveraging the advanced capabilities of platforms like MetaTrader. These tools include technical analysis features, trading ideas, and access to leading providers such as Autochartist. All of these resources are readily available to assist you in making informed trading decisions at BlackBull.

Best Market Maker Broker

Table Header
Leverage
500:1
Platforms
MT4, CloudTrade
Minimum Spread
From: 0.0
Broker Type
Market Maker
Table Header
Minimum Deposit
0

Best ECN Broker

Table Header
Leverage
500:1
Platforms
MT4, MT5, BlackBull Trade, WebTrader, Share Trading, TradingView
Minimum Spread
From: 0.0
Broker Type
ECN
Table Header
Minimum Deposit
0

Best STP Broker

Table Header
Leverage
500:1
Platforms
MT4, cTrader
Minimum Spread
From: 0.0
Broker Type
STP/DMA
Table Header
Minimum Deposit
0

BlackBull Review Conclusion

Certainly! Here’s the rewritten version with icons for the dot points:

Overall, BlackBull Markets offers a comprehensive offering to traders around the globe. Together with its regulated environment, we also found advanced capabilities with competitive conditions among market offerings and is one of the brokers allowing high leverage ratios. There are different trading styles supported, including the technology to use, platform or program trading, all provided with a good range of accounts and very low spreads. With our opinion, BlackBull Markets is definitely a broker to consider.

Based on our findings and financial expert opinion, BlackBull Markets is good for:

Frequently Asked Questions (FAQ)

Is BlackBull Markets trustworthy?

The broker obtained full authorization from the Financial Markets Authority (FMA) in New Zealand in 2020 and has been registered on the Financial Services Provider Register (FSPR) since the end of 2014.

Who owns BlackBull Markets?

BlackBull Markets was established in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman.

Where is BlackBull Markets based?

BlackBull Markets, a New Zealand-based broker, has earned multiple prestigious awards. We are dedicated to delivering institutional-grade trading conditions to our clients, accompanied by outstanding customer service and support.

What is the maximum leverage on BlackBull Markets?

BlackBull Markets provide retail forex traders with low-cost spreads, offering leverage of up to 500:1, spreads starting from 0.0 pips, and an average execution speed of less than 20ms.

Is there a minimum withdrawal from BlackBull?

BlackBull Markets does not impose a minimum withdrawal amount, giving traders the freedom to manage their portfolio according to their preferences.