BlackBull Markets Broker Review

BlackBull Markets Review 2024

Written by:

Publish on:

BJ Score:



Min Deposit:

Broker Info

Regulations: FMA (New Zealand), FSA (Seychelles)
Offices: New Zealand, Seychelles
Countries Not Allowed: Some (check with BlackBull Markets)
Liquidity provider: Multiple
Customer Service: 24/7
Server locations: New York, London, Tokyo
Languages : Multiple


Account Currency: USD, EUR
Account Types: Standard, ECN Prime, Institutional
Demo Account: Yes
Platforms: MT4, MT5, cTrader, TradingView, BlackBull CopyTrader
Max Leverage: 500X
Min Trade Size: 0.01 lot


Spread: 0.0 pips
Swaps: Yes
Commission: Yes (ECN Prime account)
Margin Call: 80%
Stop Out: 50%


Currencies: 80+
Crypto: Yes
CFDs: Yes
EAs/Robots: Allowed
News Trading: Allowed
Scalping: Allowed
Hedging: Allowed
Copy Trading: Available


Deposit Methods: Multiple (cards, bank transfer, etc.)
Withdrawal Fee: Yes
Inactivity Fee: Yes
Withdrawal methods: Same as deposit
Minimum Deposit: $0
Bonus on Deposit: No


Education: Yes
Affiliate program: Available

Considering diving into the world of forex and CFD trading? Choosing the right broker is crucial for your success. This BlackBull Markets review will equip you with all the information you need to decide if this New Zealand-based broker aligns with your trading goals.

Who is BlackBull Markets?

Established in 2014, BlackBull Markets has carved a niche for itself in the forex trading space. They cater to retail traders seeking a transparent and competitive trading environment. Their focus on tight spreads, ECN execution, and a diverse range of trading platforms makes them a compelling choice for both beginners and seasoned traders.

What Trading Products Do They Offer?

BlackBull Markets offers forex trading on over 60 major, minor, and exotic currency pairs. Additionally, they provide CFDs on a wide range of assets, including:

  • Shares (US, UK, and European stocks)
  • Stock Indices (major global indices)
  • Cryptocurrencies (Bitcoin, Ethereum, and others)

This comprehensive product portfolio allows you to diversify your trading strategies and capitalize on various market opportunities.

Pros of BlackBull Markets

Here’s what makes BlackBull Markets stand out:

  • Competitive Spreads and Commissions: BlackBull Markets boasts some of the most competitive spreads in the industry. Their Standard Account offers floating spreads with no commission fees, while the Prime Account provides even tighter spreads with a minimal commission structure.
  • ECN/NDD Execution Model for Transparency: BlackBull Markets utilizes an ECN (Electronic Communication Network) and NDD (No Dealing Desk) execution model. This ensures your orders reach the market directly, eliminating potential conflicts of interest and promoting transparency.
  • Diverse Trading Platforms: BlackBull Markets caters to different trading preferences by offering a variety of platforms:
    • MetaTrader 4 (MT4): The industry-standard platform, popular for its user-friendly interface, advanced charting tools, and vast library of automated trading tools (Expert Advisors).
    • MetaTrader 5 (MT5): The next-generation platform from MetaQuotes, offering additional features like hedging capabilities and an improved depth of market.
    • cTrader: A user-friendly platform known for its clean interface, advanced order types, and algorithmic trading capabilities.
    • BlackBull Markets Trade: The broker’s proprietary platform, offering a social trading experience and integration with TradingView charts.
  • Wide Range of Tradable Assets: With access to forex, CFDs on shares, indices, and cryptocurrencies, BlackBull Markets empowers you to create a diversified trading portfolio and capitalize on various market movements.
  • Third-Party Integrations for Social & Algorithmic Trading: BlackBull Markets bridges the gap between social and algorithmic trading by integrating with ZuluTrade, Myfxbook, and Autochartist. These platforms allow you to copy successful traders’ strategies or automate your own trading based on technical indicators.
  • Excellent Educational Resources and Customer Support: BlackBull Markets prioritizes trader education. They offer a wealth of educational resources, including webinars, videos, and articles, covering various trading topics from the basics to advanced strategies. Their customer support team is readily available via live chat, email, and phone, providing assistance in multiple languages.

Cons of BlackBull Markets

While BlackBull Markets offers a compelling package, some potential drawbacks exist:

  • Limited Deposit Options: BlackBull Markets currently only accepts deposits via credit/debit cards and bank transfers. This might be inconvenient for some traders who prefer e-wallets or other online payment methods.
  • Withdrawal Fees Applicable: BlackBull Markets charges a withdrawal fee for bank transfers below a certain threshold. This can eat into your profits, especially for smaller withdrawals.
  • High Minimum Deposit for Prime Account: The Prime Account, which offers tighter spreads, requires a minimum deposit of $2,000. This might be a barrier for beginner traders with limited capital.
  • Average Trust Score: BlackBull Markets has a Trust Score of 77 out of 99. While this indicates a generally reliable broker, the lack of regulation in some jurisdictions might raise concerns for some traders.

Is BlackBull Markets Right for You?

BlackBull Markets is a strong contender for various trader profiles:

  • Beginner Traders: The user-friendly platforms, educational resources, and access to social trading features make BlackBull Markets a good starting point for aspiring forex and CFD traders.
  • Intermediate Traders: The diverse platform options, competitive spreads, and ECN execution cater well to intermediate traders seeking to refine their strategies and exploit market opportunities.
  • Advanced Traders: BlackBull Markets’ API access, VPS hosting (for algorithmic trading), and integration with advanced charting platforms like TradingView empower experienced traders to execute complex strategies.

The Bottom Line

BlackBull Markets offers a compelling combination of competitive pricing, diverse trading platforms, and a wide range of tradable assets. Their commitment to transparency through ECN execution and educational resources makes them a solid choice for traders of all experience levels. However, the limited deposit options, withdrawal fees, and average trust score might be drawbacks for some.

BlackBull Markets vs. The Competition

Here’s a quick comparison of BlackBull Markets with other popular forex brokers:

  • Pepperstone: Similar tight spreads and ECN execution, wider range of deposit options, but educational resources might be less extensive.
  • XM: Offers a user-friendly platform and various account types, but spreads might be less competitive compared to BlackBull Markets.
  • IG: Renowned for its educational resources and platform stability, but spreads might be wider, and they don’t offer CFDs on cryptocurrencies.

Ultimately, the best broker depends on your individual needs and priorities. Consider factors like platform preference, desired asset classes, and trading costs when making your decision.

Opening a Live Account with BlackBull Markets

Opening a live account with BlackBull Markets is a straightforward process:

  1. Visit the BlackBull Markets website and click “Open Live Account.”
  2. Complete the online application form, providing your personal details and trading experience.
  3. Verify your identity and address by submitting the required documents.
  4. Choose your preferred account type (Standard or Prime).
  5. Fund your account using one of the available deposit methods.
  6. Download and install your chosen trading platform.
  7. Start exploring the markets and execute your trades!

BlackBull Markets Regulation and Security

BlackBull Markets is regulated by the Financial Markets Authority (FMA) of New Zealand, a reputable regulatory body. This ensures adherence to strict financial regulations and client fund protection measures. BlackBull Markets also segregates client funds from company funds, providing an additional layer of security.

BlackBull Markets Research and Education

BlackBull Markets prioritizes trader education. They offer a comprehensive library of educational resources, including:

  • Webinars: Live and recorded webinars covering various trading topics, from technical analysis to fundamental analysis.
  • Trading Videos: Educational videos on the platform functionalities, trading strategies, and market analysis.
  • Articles and Guides: In-depth articles covering various forex and CFD trading concepts.

This wealth of information empowers traders to gain knowledge and develop their trading skills. Additionally, BlackBull Markets integrates with advanced charting platforms like TradingView, offering access to a wider range of market analysis tools.

BlackBull Markets Customer Support

BlackBull Markets offers responsive customer support through various channels:

  • Live Chat: Available for real-time assistance during trading hours.
  • Email Support: Submit your queries via email and receive prompt replies.
  • Phone Support: Reach out to the support team directly for immediate assistance.

The multilingual support ensures that traders can communicate effectively regardless of their location.

BlackBull Markets Mobile Trading App

BlackBull Markets offers access to the MT4 mobile platform, allowing you to trade on the go. The mobile app provides core functionalities like:

  • Viewing live quotes and charts
  • Placing and managing orders
  • Monitoring your account balance and positions

This empowers you to stay connected to the markets and react to trading opportunities even when you’re away from your computer.


BlackBull Markets presents a compelling option for forex and CFD traders seeking a transparent and competitive trading environment. Their tight spreads, ECN execution model, and diverse platform options cater to various trading styles. The educational resources and customer support further enhance the trading experience. While some limitations exist regarding deposit options and minimum deposit requirements, BlackBull Markets remains a strong contender for traders seeking a reliable and well-rounded brokerage.

๐ŸŒŸ BlackBull Markets Summary:

๐Ÿฆ Broker Name: BlackBull Markets
๐Ÿ“… Established Year: 2014
๐Ÿ›ก๏ธ Regulations: Regulated by the FMA (New Zealand), FSA (Seychelles)
๐Ÿ“ Headquarters: New Zealand
๐Ÿ’ฐ Minimum Deposit: $0
๐Ÿ“ฑ Platforms: MT4, MT5, cTrader, TradingView, BlackBull CopyTrader
๐Ÿ”’ Max Leverage: Up to 500
๐Ÿ’ณ Deposit Methods: Multiple (cards, bank transfer, etc.)
๐Ÿ† Broker Judge Score: 8 out of 10

HFM (HF Markets)


Regulation:FCA, CySEC, FSC


Minimum Spread:Variable

Min Deposit: $50



Regulation:FCA, CySEC, FSCA, SCB


Minimum Spread:Variable (from 0.1 pips)

Min Deposit: $100

BlackBull Markets


Regulation:FMA (New Zealand), FSA (Seychelles)

Headquater:New Zealand

Minimum Spread:0.0 pips

Min Deposit: $0


Regulation:FCA, CySEC, FSCA, CIMA


Minimum Spread:0

Min Deposit: $10


Regulation:FCA, ASIC, CySEC

Headquater:Limassol, Cyprus

Minimum Spread:Variable

Min Deposit: $5

Leave a Reply

Your email address will not be published. Required fields are marked *

79% of retail investors experience capital loss.