BlackBull Markets Review |
|
| 📅 Year founded | 2014 |
| 📈 Multiple top-tier regulation | Yes |
| 📍 Headquarters | Auckland, New Zealand |
| 🌍 Country of regulation | Seychelles / New Zealand |
| ✅ Regulators | FSA / FMA |
| 📈 Execution Type | Market Execution |
| 💰 Minimum Deposit | No |
| 🛡️ Negative Balance Protection | Yes |
| 📉 Trading Platforms | MetaTrader4 / MetaTrader5 / cTrader / TradingView / BlackBull Copy Trader / BlackBull Shares |
| ☪ Islamic account | Yes |
| 📉 Trading Instruments | Forex / Commodities / Equities / Indices / Metals / Cryptocurrencies |
| 📱 Mobile trading | iOS / Android / Windows |
| 💳 Payment Types Accepted | Credit and Debit Cards / Bank Wire Transfer / Fasapay / Neteller / Skrill / UnionPay |
| 🎮 Demo Account | Yes |
| ⓒ Copy Trading | Yes |
| 🎁 Bonus Offer | Refer-a-Friend |
| 💰 Account Currencies | USD / EUR / GBP / AUD / NZD / SGD / CAD / JPY |
| 📈 Minimum Trade | 0.01 Lots |
| 📈 Account Types | ECN / PAMM / MAM |
| 📈 Margin Trading | Yes |
| 📈 Trading fees | Low |
| 📈 Inactivity fee | No |
| 💰 Withdrawal fee | $5 USD |
| ☎ Customer Support | 24/7 |
| 💰 Max. Leverage | 500:1 |
| ✔️ Hedging Allowed | Yes |
| ✔️ Scalping Allowed | Yes |
| 💰 Commission | Zero on ECN Standard / $6 USD per lot on ECN Prime / $4 USD per lot on ECN Institutional |
| 💰 Spreads | From 0.0 pips |
| 💰 Leverage | Flexible |
| 💰 Currency Pairs (Total Forex pairs) | 70 + |
| 🔢 Number of clients | 50 000 + |
| 🥇 Instruments Offered | 26 000 + |
| 📙 Education | Webinars / Podcasts / Video Tutorials / Trading Courses / Articles |
| Click here ✅ Open a Trading Account | |
WHAT IS BLACKBULL MARKETS?
Found in 2014, BlackBull Markets is a respectable forex and CFD brokerage firm with its headquarters located in Auckland, New Zealand.
This online broker is regulated by the highly regarded FMA in New Zealand. At BlackBull Markets, clients can trade a range of trading instruments, such as forex, commodities, equities, indices, metals and cryptocurrencies.
The broker also offers a wide variety of trading platforms to its traders including the MetaTrader4 (MT4), MetaTrader5 (MT5), cTrader, TradingView, BlackBull Copy Trader and BlackBull Shares.
INTRODUCTION
BlackBull Markets is one of the leading brokers in New Zealand and around the world, winning multiple international broker awards. They are one of the top companies when it comes to investing and trading.
This company opened in 2014 and wanted to be the leading broker in the trading industry. Their intention and commitment to quality is clear when looking at the wide range of trading platforms and instruments available to its customers.
This company is backed by some of the leading businesses and technology in the industry. For any review about brokers in the industry, it helps to have a quick outline of the broker’s pros and cons as a platform from which to build.
PROS & CONS
PROS
- Genuine ECN and STP Broker.
- Has a deep pool of liquidity.
- Customers can expect exceptional customer service and 24/7 access.
- Complete forex market analysis.
- This company has a good reputation.
- There are options for ECN type accounts.
- Wide range of trading platforms available.
- Large variety of trading instruments on offer.
CONS
- Only regulated by FSA and FMA.
- Withdrawal fee of $5 USD is applicable.
- Minimum deposit for accounts other than ECN Standard is fairly high.
TRADING INSTRUMENTS
Forex
This is the lowest cost option for trading. It is one of the biggest financial markets in the world and the broker can help their clients make a profit by trading. This is one of the top trading instruments and if a person is looking to trade in the forex industry, BlackBull Markets is one of the best options that they have.
Commodities
BlackBull Markets will allow their clients to access many different commodities. There will be a leverage of 500:1 across all the platforms. Commodities include resources that are used in various industries, such as oil. The daily consumption of these goods is affected by many different factors.
Equities
Equities can be traded on any of BlackBull Markets’ wide variety of trading platforms. With this broker, clients will gain access to trade popular shares such as Apple, Amazon and Tesla amongst others.
Indices
Clients will access their market and they can diversify their investments and trading. There are low latency rates, and the process is easy to use with this technology.
Metals
Traders can choose to trade metals such as gold and silver. This can be helpful for those that are looking to diversify their portfolio. Metals can be a safer alternative during a time of economic uncertainty. The rate for gold has been on the increase for years and more people are looking to invest in gold and similar items to help secure their financial future.
Cryptocurrencies
No brokerage is complete without the offering of various cryptocurrencies. At BlackBull Markets, clients can expect access to a range of cryptocurrencies, including the popular Bitcoin, Ethereum, Ripple and Cardano to name a few.
TRADING PLATFORMS
Blackbull Markets offers some great platforms including MT4, MT5, cTrader and TradingView as well as its very own BlackBull Copy Trader and BlackBull Shares. These are all easy to download with versions for the iOS, Android, Mac and Windows all available.
MT4
This will work on all major platforms and will allow a person to trade anywhere at any time of the day or the night. All they will need is an internet connection and a device that will allow them to have access to the internet. The trading is then ready to happen.
The MT4 platform is institutional grade and is great for all levels of traders. It can be customised and is easy to use. There are some nice features such as instant execution, charts and technical help. This will allow a person to stay on top of the markets.
Additional features also include market quotes in real time and live charts showing financial information. It will also show any breaking news in the financial industry. This system has expert advisors that will assist as needed, reinforcing its position as a world-renowned trading platform.
MT5
This is a newer form of the MT4 platform with some additional features. This program offers faster times for processing and it will work in functional order.
There are additional tools that can be used to help a person learn about the market.
cTrader
Experience BlackBull Markets’ institutional trading conditions on cTrader, an intuitive and easy-to-use trading platform.
When combined with BlackBull Markets’ offering, this is a truly unique experience. cTrader is accessible on desktop, web and mobile while being loaded with features. These features include: algo trading, copy trading and a variety of built-in widgets from quality sources such as Trading Central and FXStreet.
TradingView
Although new to the game as a trading platform, TradingView has built itself a reputation as the ultimate charting tool. This is now being combined with the ability to place trades and is a great cause for excitement amongst those in the trading industry.
BlackBull Shares
Their very own proprietary trading app is available on both iOS and Android app stores, making share trading from your phone easy and accessible. A range of features include setting price alerts and various advanced charting tools.
BlackBull Copy Trader
This platform allows traders to connect with experienced traders and professionals, giving newcomers access to their trades. This can be beneficial for those new to the industry or those who do not have the time to place trades themselves.
ACCOUNT TYPES
BlackBull Markets offers several different types of accounts including:
ECN Standard Account
This is good for beginning traders
- There is no minimum deposit needed.
- The spread is from is 0.8 pips.
- There is a minimum lot size of 0.01 lots.
- The leverage can increase to 500:1.
- There is no commission.
- The account uses an NY4server.
ECN Prime Account
- There is a minimum deposit needed of $2 000 USD.
- The spread is available from as low as 0.1 pips.
- There is a minimum lot size of 0.01 lots.
- The available leverage is up to 500:1.
- The commission charged will be $6 USD per lot.
- The server used is NY4.
ECN Institutional Account
This is for the more advanced trader with a large amount of capital available.
- There is a minimum deposit of $20 000 USD.
- The spread starts from 0.0 pips.
- The leverage can be as high as 500:1.
- The commission for this account will start at $4 USD per lot.
- There are custom options for the server used.
Islamic Account
Receiving or paying interest in not allowed in terms of Sharia Law. BlackBull Markets has created a special swap free account that will follow the Sharia Law for these clients.
These accounts are like the ECN Standard or ECN Prime accounts with the features that the clients will be allowed to access as follows: Account Features
- These accounts come in Standard or Prime.
- They are swap free.
- The leverage is 500:1.
- There are micro lots that can be used (minimum lot size of 0.01).
- The user will have access to all the trade features.
HOW TO OPEN AN ACCOUNT
Opening an account can be accomplished by following these steps:
- Complete the application with the secure application form.
- Confirm the email address.
- Click the verification link that will be in the email.
- Wait until the account has been approved.
- The application will be reviewed.
- Once approved fund the account with one of the methods.
- Begin trading.
- This will allow you to trade on the myriad of trading platforms made available by BlackBull Markets.
DEMO ACCOUNT
The demo account can only be used for 30 days. Accessing a demo account:
- The demo account details will be found in the email. This will include the login information to access the demo account. If you do not see it in an email it may be in the spam folder.
- The MT4 account can be downloaded in addition to the trading platforms.
- If there are questions email support can be reached at support@blackbullmarkets.com
There are some simple steps that will allow a demo account to be opened by a potential trader
- Compete for the application and account details.
- Be sure to review all the account details.
- The login and password will be sent in the mail.
- Download the platform from the MT4 / MT5 / cTrader websites.
- Begin trading.
- There are 30 days for traders to practice while having $100 000 USD in demo funds. All the market information will be real.
SOCIAL TRADING AND COPY TRADING
Social trading is becoming popular in the forex industry and BlackBull Markets is working with some of the most trustworthy social media providers.
Clients can follow other traders and they can use the Social Trading System right from their trading accounts.
There are some reasons why BlackBull Markets’ clients are using social trading:
- There is the low start up fees. A small deposit is needed and other traders can be followed. Some of the providers will require as little as $200 USD to start.
- This will allow the risk to be diversified. Social trading platforms are allowing the risk to be spread out across other providers.
- These accounts have verified results. Some of them will only work with traders that have live accounts. There are no demo accounts used. This will allow a person to see the track record of other traders and find one they are comfortable with.
- This will allow you to save money on fees. Money management with other traders can attract performance or other fees. Social traders will charge a fixed amount, or they may charge a lower fee.
Zulu Trade
This is a leader in peer to peer and is a social trading platform. This will allow you to look at the accounts of thousands of other traders from 192 + countries.
There is a performance evaluation tool and there is also a place to give and share feedback. The BlackBull Markets’ clients can customise their trades based on performance and the amount of risk they are willing to take.
Myfxbook
This is an affiliate of BlackBull Markets. This is integrated with the MetaTrader programs. BlackBull Markets’ clients will sign up for an account with Myfxbook and link the accounts. Once connected you will be able to customise the settings and find the trades you feel comfortable with.
COMMISSIONS & FEES
The fees and any commissions charged will need to follow the regulations in the country of residence where the client is. BlackBull Markets has an ECN Standard Account that offers spreads from 0.8 pips that clients can use without a commission being charged.
The ECN Prime Account does charge a fee and the commission can be equivalent to $6 USD per lot. This is combined with a low spread of only 0.1 pips. For the ECN Institutional Accounts, the commission rate is $4 USD per lot. This is competitive, especially when working with larger amounts of money.
The average fees for round trips and related costs are offered too. BlackBull Markets do not charge a fee for accounts that have gone inactive.
LEVERAGE
This will allow the market to be open to exposure and will help with open trades. Some leveraged products such as forex will increase the profit potential.
At the same time, there is a bigger risk of losses. There is a maximum leverage at BlackBull Markets that does not exceed 500:1 on forex accounts.
WITHDRAWALS AND DEPOSITS
Deposits
Putting money into the account is as easy as possible. There are different methods used to add money to these accounts.
A credit or debit card can be used as well as a bank wire of the funds. To add funds a person will need to log into their BlackBull Markets account. They will go to the “Client Portal” and find multiple ways to add funds. If there are any questions, customer support can assist 24/7.
The following currencies are accepted:
- United States Dollar.
- British Pound.
- Euro.
- New Zealand Dollar.
- Australian Dollar.
- Singapore Dollar.
- Japanese Yen.
- Canadian Dollar.
- South African Rand.
A bank wire will take one to three days for processing. All other payments will appear in real time. There are some other methods that are accepted besides a bank wire.
- Mastercard.
- Visa.
- Skrill.
- Neteller.
- China Union Pay.
- Fasapay.
Skrill accounts are in US Dollars. There are different currency options, but conversion rates apply. Neteller uses multiple currencies for their clients to make deposits.
Withdrawals
When a client requests a withdrawal, they will get the money within 24 hours in most cases. It is important that they can trust and rely on BlackBul Markets.
Clients will log into the account and go to the “Client Portal” section. They will go under funding and then click on “withdraw funds”. There are rules and fees associated with the different methods. Any question can be directed to customer support.
Credit Card Withdrawals
- If the account is funded using a credit card money can be withdrawn and put on the card.
- The maximum amount of the withdrawal will be the original deposit. Profits can be withdrawn using a bank transfer.
- It will take 3 to 5 days for the funds to be received by the credit card company.
It must also be noted that BlackBull Markets charges a $5 USD fee for withdrawals.
CUSTOMER SERVICE
Traders can get the support they need. The customer service team will work hard to answer any questions. BlackBull Markets will provide fast and friendly customer service.
There is a 24-hour help day, and it is open 7 days a week. The customer service offering from this broker is truly world-class.
SAFETY AND SECURITY
The company has a headquarters in Auckland, New Zealand, where they are registered with the Financial Services Provider Registry and are a member of the Financial Services Complaints Limited, as well as the FMA. The segregated accounts will help ensure safety and security.
This broker keeps its clients’ money separate from its own as an added safety measure. The broker is also regulated with the FSA in Seychelles.
PROMOTIONS
If you are a high-volume trader, you may be able to get rebates from BlackBull Markets. The broker will have incentives for specific traders.
Additionally, there is a well-established Refer-a-Friend program on offer from this broker, further details of which can be found here.
RESEARCH
Potential traders should research before they make any trade or deal. This will help reduce the chance of mistakes.
BlackBull Markets offer some trading resources including:
- Market reviews.
- An economic calendar.
- Contract information.
- Contract specifications.
EDUCATION
Clients of BlackBull markets should get as much information they can about the different markets so they can be successful traders. The team of experts can provide information on the market, how to set up accounts and how to trade on the different worldwide markets.
Traders also have access to educational videos and can find information on the current market conditions at any time. BlackBull Markets does have trading guides that will help a person make an informed decision.
There is a trading glossary that will give information about the common terms used in trading. Additionally, there are also webinars hosted on occasion by BlackBull Markets, where their clients have the opportunity to interact with professional traders and learn from them.
GLOBAL AWARDS
BlackBull Markets have won multiple awards in the industry over the past few years, including:
- Best in Class Offering of Investments (2023) – ForexBrokers.com.
- Best New Zealand Broker (2023) – Compare Forex Brokers.
- Best Global FX Broker (2022) – Forex Expo.
- Best New Zealand Forex Broker (2022) – Compare Forex Brokers.
- Technology Fast 500 Winner (2018) – Deloitte.
- Deloitte Fast50 – BNZ.
SAFE OR SCAM?
BlackBull Markets follows all rules set by the authorities. Like other brokers, their activities are carefully monitored. This company is registered with the Financial Services Provider Register in Seychelles and the registration number is FSP403326.
This company is a member of the Financial Services Complaints Limited which will help solve any complaints or disputes.
The banking partner for this company is ANZ Bank in the Australasia region. BlackBull Group Limited operates under the name BlackBull Markets. They are registered in New Zealand and are regulated by the FMA.
It is important to be a registered broker. This way the company follows all laws and regulations. Considering all the above regulations, we have concluded that it is safe for customers to invest with a registered firm.
CONCLUSION
BlackBull Markets is a trusted company for traders. They charge reasonable fees while providing quality and helpful services.
There are a range of services offered and will help traders that want to focus on forex, precious metals and major stocks from around the world. This company has a great reputation and they have been in business for over 9 years. The technology is safe while the trade execution is great too. BlackBull Markets has been reviewed well with customers.
They make trading simple, while following strict laws and regulations. The broker will provide helpful information about the different marketing offerings and customers will have all the information they need to make an informed choice about trading and investing.
The technology from this company is comprehensive and easy to use. A person will get to learn about the platforms and they can access all the market information and features that they need.
BlackBull Markets is one of the best brokers for those looking to begin or continue their trade in the investment field. Combined with its wide variety of trading platforms available to its customers, the team at Brokersuggest.com can highly recommend BlackBull Markets.
