What is BlackBull Markets?
BlackBull Markets began operating back in 2014 via Auckland New Zealand, incorporating years of experience in Forex Institutional Marketing with an emphasis on providing services to retailers. Since then, as a financial services company with proprietary software, the broker has allowed multiple trading strategies to combine powerful trading efficiency with competitive pricing.
BlackBull Markets, established as a prime broker, also provides retail trading solutions and retains its translation, making it easier to reverse global exposure inside world trading centers, including London and Malaysia. Numerous opportunities, including a variety of conditions, trade assets are supported by learning materials and programs for active traders.
In addition to the various options for retailers, there are also specialist resources for institutional accounts, money managers and MAM and PAMM accounts.
| Pros | Cons |
|---|---|
| Founded in New Zealand and operating in the UK and Malaysia | Relatively limited trading tools |
| Regulated by the FMA | |
| Global industry awards | |
| Tight Low Spreads | |
| Pro and Retail trading options |
10 Points Summary
| Headquarters | New Zealand |
| Regulation and License | FMA |
| Platforms | MT4 Platforms, Social trading Myfxbook and ZuluTrade |
| Instruments | A range of Forex and CFD products |
| Costs | Trading costs are low and average |
| Demo Account | Available |
| Minimum deposit | 200$ |
| Base currencies | Various base currencies offered |
| Education | Forex Education and tools provided on a free basis |
| Customer Support | 24/5 |
Awards
BlackBull Markets is a highly respected broker, as the clients they represent are largely pleased with the trading conditions and service they provide. As well as several awards highlighting the success of BlackBull Markets within the industry and making them one of the world’s leading trading suppliers in high technology and innovation.
Is BlackBull Markets safe or is it a scam?
Black Bull Group Limited, known as BlackBull Markets, is a licensed and incorporated New Zealand company that is also controlled by the local authority FMA. In reality, being a controlled broker is, in a way, a crucial factor, because obligations towards the authorities guarantee that the business has been tested before it is formed and complies with the necessary laws and operating models, and is therefore considered a safe investment firm.
| Pros | Cons |
|---|---|
| Regulated by FMA in New Zealand | Not listed in Stock Exchange |
| Segregated Account with Tier Banks | |
| Negative Balance Protection |
Is BlackBull Market legit?
Registration under the NZ Legislation Scheme announces that BlackBull Markets has a good standing and reliability to its services which also means that BlackBull Markets is a fully-fledged broker that is committed to the regulatory regime. The broker applies money security rules and policies, as well as offering a professional service and trading climate, which also compensates clients in the event of company insolvency, as specified in the FMA rules.
Leverage
Another important point in the Blackbull Markets Analysis is the offer of leverage levels. Generally, maximum leverage is determined by the instrument you trade, including the type of trader you are – either a professional trader or a retail trader, and is ultimately limited by the regulatory requirements that the broker obliges to.
For BlackBull Markets, you can use high leverage rates of up to 1:500 available for retail or skilled traders.
These are great news indeed because, given the fact that the majority of world authorities have already significantly lower permitted leverage rates, NZ and the Australian authorities still offer high maximum leverage ratios, which also require you to learn how to use them smartly without making trading too risky for you.
Opening an Account
BlackBull Markets designed three account types, all of which are based on ECN execution and offering very favorable trading conditions without a dealing desk model of operation. In reality, BlackBull did a great job by offering traders of different sizes, portfolios and needs access to its trading rooms.
In addition, institutional and professional access is specified and defined where all conditions are customized and maintained as per request. Active traders may also consider tailored solutions and additional services to enhance capabilities, such as VPS hosting, advanced reporting, and so on.
| Pros | Cons |
|---|---|
| Three Account types based on ECN connectivity | None |
| Islamic Accounts | |
| Fast Account Opening | |
| Demo Account | |
| Professional Account, Institutional Account, Active Trader Account |
How to open your account?
Account opening is a fully digital process that is easily done step-by-step on how to access and enable your defined trading conditions.
- Enter BlackBull Markets Sign In Page
- Type your personal details such as first and last name, country of residence, email, phone, etc. You can also use an existing Facebook or Google account
- Select your chosen account type and state your trading experience.
- Check your account by email, upload proof of ID, address and other documents
- Get access to your demo account and account area with active login
- Follow the first deposit
Fees
Another crucial point is how the BlackBull markets maintain their trading costs. In terms of a standard and recognized distribution of costs, you can accept rollover or swap, as well as non-trading fees such as inactivity, deposit fees or additional charges that may be relevant.
| Pros | Cons |
|---|---|
| Options between standard fees based on spread and ECN account with a commission charge | Currency Pair fees on Variable Account are rather high |
| Deep liquidity | |
| Low Cryptocurrency and Commodity fees | |
| Good ECN trading conditions |
ECN spread
Our find on Forex Fees
You can choose the most appropriate option according to your trading style, either with all costs included in the spread, more suitable for beginners or daily traders through the ECN Standard account with spreads of 0.8 pips.
While successful or skilled traders will make better use of the ECN Prime account with a raw spread of 0.1 pips and a commission fee of $6 per transaction.
You may also see more spread examples below and compare fees with other common Velocity Trade brokers or other competitions shown.
Comparison between BlackBull Markets fees and similar brokers
| Asset/ Pair | BlackBull Fees | FXTM Fees | AvaTrade Fees |
|---|---|---|---|
| EUR USD | 0.9 pips | 1.5 pips | 1.3 pips |
| Crude Oil WTI | 6 pips | 9 pips | 3 pips |
| Gold | 25 | 9 | 40 |
| Inactivity fee | Yes | Yes | Yes |
| Deposit fee | No | No | No |
| Fee ranking | Average | Average | Low |
Trading Rollover
Also, always count on swap or rollover fees charged for positions held for more than one day. In addition, BlackBull Markets provides an appropriate offer for traders in compliance with Sharia rules known as Islamic Swap-free accounts, so that global investors can find the right conditions.
Trading Instruments
BlackBull Markets showcases various markets available around the globe, including over 64 currency pairs, Forex, indices, metals, commodities, oil, etc. This range is quite strong, as it includes popular trading instruments to diversify your portfolio, particularly given the good cost strategy and built-in proposal that we will see further in our BlackBull Markets Analysis.
What Deposits and Withdrawals BlackBull Markets uses?
As a controlled broker, BlackBull Markets offers a wide range of safe financing solutions and retains trust and security with Top-level segregated bank accounts. However, always make sure that you check, depending on your residence, what conditions and methods are applicable to you or some of the rules that may vary.
| Pros | Cons |
|---|---|
| Minimum deposit – 200$ | 5$ withdrawal fee |
| Most common payment methods supported | |
| Free of charge deposit |
Methods of Deposit
BlackBull Markets allows you to deposit and withdraw funds using a variety of methods, including the following, while you can also choose a specific currency for your account for easy transfer and no exchange fees.
- Credit cards,
- Bank wires,
- E-wallets such as Skrill, Neteller and FasaPay
Minimum Deposit
As far as the minimum deposit amount is concerned, the minimum amount is set at $200 for the ECN Standard account, while the next grade ECN Prime would need $2,000 for the first deposit.
Withdrawal
BlackBull Markets does not list any fees for deposits, but there are some charges for withdrawals. Withdrawing your money would cost you 5 base currency, 5 $if your main account currency is US$.
How am I going to remove capital from BlackBull Markets?
To remove funds from your BlackBull account, simply sign in to your account area or the Client Portal and send a request. Under the ‘Funding’ section, click the ‘Withdraw Funds’ tab, submit all the required data, allow BlackBull to process the request within 1-2 business days, and then your payment provider will add funds to the chosen method.
Platforms for Trading
The platform offering as part of the BlackBull Markets Review shows us the choice between the industry leader MetaTrader4 and the next version of MetaTrader5. All offer a super convenient choice between powerful conditions and an easy-to-use interface, both for beginners and professionals, making the software a pleasurable companion on your trading journey.
| Pros | Cons |
|---|---|
| User-friendly design | No proprietary platform |
| Popular MT4 platform and MT5 | Relatively limited analysis |
| Good range of tools | |
| WebTrader does not require installation | |
| Clear look | |
| Automated Trading and Social Trading |
Web Trading
Both platforms have variants that are suitable for any PC, MAC, tablet computer, mobile device and online apps that can be accessed from the browser. Although Web Trading is a bit limited in its tools compared to the desktop version, it still provides the most important point required for everyday trading.
The look is simple and nice to analyze, which MT4 and 5 technology are renowned for, along with unparalleled BlackBull trading solutions and strong investment in innovation, you can make the most of the trading performance.
Mobile Trading Platform
Definitely these days it’s almost impossible to imagine trading without a mobile trading platform, as it helps you to track and keep up-to-date with the situation whenever you are. BlackBull Markets Mobile Platform is also pleased to provide you with a range of technical analyses and chart choices.
BlackBull has also made it possible to use additional benefits from VPS servers and additional FIX API Trading features so that you can still execute your plan to the best of your ability.
AutoTrading
Although there is no need to go deep into the specification of each platform, we generally have to conclude that the BlackBull platform is a great manual or automatic trading software. There are no limitations on the use of EAs, neither scalping nor hedging tactics, so with BlackBull execution technology and comprehensive education, you can get the most, all depending on you.
In addition, you can have access to social trading through leading apps, including ZuluTrade and Myfxbook.
Customer Support Services
As far as Customer Support is concerned, BlackBull has made it as comfortable as possible so traders will be supported and satisfied at any stage.
You can refer to the help with any complaint or problem you may have, and you may also rely on quality service, while the support team can be reached through Live Chat, International Phone Lines and emails to support world centers.
| Pros | Cons |
|---|---|
| High Customer Support rating | No 24/7 service |
| International languages supported | |
| Skilled team, appropriate answers | |
| Live Chat, email, phones |
Education
In addition to its innovative and affordable offering, as we have learned in our analysis, BlackBull also provides educational resources appropriate for traders of different levels. There are commercial videos, guides and a glossary where you can find good quality information. BlackBull Markets also runs its Trading Blog with market overview, analysis and research materials to support the ongoing trading process.
Packed Research tools offered by both advanced MetaTrader technologies also include technical analysis, trading ideas and other capabilities, all of which are available at BlackBull.
| Pros | Cons |
|---|---|
| Learning materials provided | None |
| Demo Account available | |
| Personal Account Manager | |
| Market Outlook | |
| Research tools, technical and fundamental analysis |
Final Word
Overall, the BlackBull Markets Review shows that it is an organization with a robust service to traders around the globe, as well as a harmonized plan that complies with strict laws. In accordance with its regulated environment, the broker also offers advanced capabilities with requirements that are more competitive across market offerings.
There are definitely choices that will suit your trading style, including the technology to be used, the network or the software that will fit your needs, so, in our view, BlackBull Markets is a broker to consider.
