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BlackBull Markets Review 2021

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BlackBull Markets Main Features
☑️
Regulations
FMA (New Zealand), FSA(SC) (Seychelles)
️🗺
Supported Languages
English, Spanish, Chinese
💰
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures, Options
️💵
Min Deposit
$200
💹
Max Leverage
1:500 (FMA), 1:500 (FSA(SC))
🖥
Trading Desk Type
ECN, No dealing desk, STP
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BlackBull Markets Full Review

“BlackBull Markets is an FMA (New Zealand) and FSA (Seychelles) regulated broker offering to trade on more than 350+ markets across Forex, Indices and Commodities including Precious Metals and Energy, all through the popular web and desktop platforms MetaTrader 4 and MetaTrader 5.”

BlackBull Markets was founded in 2014, Auckland, New Zealand. It is registered with the Financial Services Providers Register (FSPR) and is authorized and regulated by the New Zealand Financial Services Authority (FMA) and Financial Services Authority (FSA) of Seychelles.

The broker is an award-winning broker and has been recognised in the Deloitte Fast 50 growing companies in 2019. With over 350+ markets to choose from, BlackBull Markets’ aim is to offer institutional-level resources to retail clients. Users can choose from several different account types – Standard ECN, Prime ECN, Institutional ECN and a 30-day Demo account. The differences are discussed in the account opening section below.

With commission-free trading for Standard ECN accounts and a good selection of educational videos, guides and a trading glossary, BlackBull Markets is suitable for those who are new to trading and advanced traders. More advanced features are also available to clients with Prime ECN and Institutional ECN accounts who can access virtual private servers (VPS) for ultra-fast execution speeds.

Pros: Cons:
  • FMA and FSA regulated.
  • ECN Trading available.
  • 350+ Markets to choose from.
  • Wide selection of accounts for beginner and advanced traders.
  • Limited market research available.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
Read More

Review Sections


BlackBull Markets Video Review

Investor Protection & Regulations

“BlackBull Markets is registered with the Financial Services Providers Register (FSPR) and authorized and regulated by the New Zealand Financial Services Authority (FMA) and Financial Services Authority (FSA) of Seychelles.”

BlackBull Markets is registered with the Financial Services Providers Register (FSPR) and is authorized and regulated by the New Zealand Financial Services Authority (FMA) and Financial Services Authority (FSA) of Seychelles.

The below screenshot confirms registration and authorization of BlackBull Markets by the FSPR and FMA, which can also be found on their respective websites.

BlackBull Markets also provides further protection of client funds by following the below requirements:

  • Holding client funds in segregated accounts from company funds.
  • Part of the Dispute Resolution Scheme.

Clients from the below countries will not be accepted:

Afghanistan, Belarus, Burundi, Central African Republic, Cuba, the Democratic Republic of the Congo, Gaza Strip, Guinea Bissau, Haiti, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Pakistan, Panama, Russia, Somalia, South Sudan, Spain, Sudan, Syria, Ukraine, United States, Venezuela, West Bank, Yemen, Zimbabwe.

Tradable Products

“BlackBull Market offers clients access to trade on more than 350+ financial instruments covering Forex, Indices and Commodities including Precious Metals and Energy.”

BlackBull Market offers clients access to trade on more than 350+ financial CFD instruments covering Forex, Indices and Commodities including Precious Metals and Energy. Below is a small selection of products clients can choose from:

FX Indices Energy
NZD/USD S&P 500 Crude Oil
GBPUSD NASDAQ Natural Gas
EUR/USD FTSE 100 Metals
AUD/USD Germany 30 Gold
EUR/JPY Australian 200 Silver

* Details regarding the available assets are taken from the BlackBull Markets website and trading platform and are correct at the time of writing. You can view the full list of assets here.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“BlackBull Markets offers clients an option of 4 accounts – Standard, Prime, Institutional and a 30-day Demo account. Other variants such as Islamic and Active Trader accounts can also be opened provided the minimum requirements are met.”

BlackBull Markets offers clients an option of 4 accounts – Standard, Prime, Institutional and a 30-day Demo account. Other variants such as Islamic and Active Trader accounts can also be opened provided the minimum requirements are met. A breakdown of the benefits and features of each account is shown below:

The main differences between accounts are the minimum funding requirements, average spreads, and commission rates. Typically, the larger the account the size the cheaper it is for clients to execute trades and the more features they have access to.

For example, Institutional clients have access to Virtual Private Servers (VPS), 24/6 Direct Technical Support, and MAM (Multi-Account Manager)/PAMM (Percentage Allocation Management Module) accounts.

Other variants such as Islamic and Active Trader accounts are also available. Both are summarised below:

Islamic Account Active Trader
No Interest is paid or received on positions held overnight (swap-free account). High volume traders may be eligible for BlackBull Market rebates.
  • Available in both Standard and Prime
  • Swap Free
  • 1:500 Leverage
  • Micro Lots Available
  • Access to all Tradable Instruments
  • Dedicated Account Manager available 24/7
  • Segregated Customer Account
  • Advanced Reporting
  • VPS hosting services
  • Custom negotiable solutions/packages

Users can open new accounts by clicking ‘Live Account’ from the homepage and then following 4 simple steps:

  1. Complete application – including contact details, account details, trading information, and ID verification.
  2. Confirm email – a verification link will be sent to the email specified.
  3. Wait for approval – BlackBull Markets will review your application.
  4. Fund your account – debit/credit card, wire transfer and a range of e-payments options are available.
  5. Start Trading

As a regulated broker, users will need to provide standard verification documents and fill out the application form as shown above. The documents include bank statement or utility bills that are not older than three months and identify verification from documents such as passport or driving licence.

Deposit & Withdrawals Options

“BlackBull Markets offers multiple deposit and withdrawal methods which include debit/credit card, bank wire transfer and e-wallets such as Skrill, Neteller, China Union Pay and Fasa Pay.”

BlackBull Markets’ initial deposits vary by the account type opened. Standard accounts have a minimum of $200 whilst Prime has a minimum of $2,000 and Institutional a minimum of $20,000. Multiple payment options are available by debit/credit card, bank wire transfer and e-wallets such as Skrill (Non-EU clients), Neteller, China Union Pay and Fasa Pay.

Clients can make a deposit by logging into the client portal and then clicking on “MAKE A DEPOSIT” or by clicking “Deposit Funds” as shown below:

Deposits are charged at 3% via debit/credit cards whilst bank wire transfer and Skrill/Neteller are free. All payments methods are instant except bank wire which can typically take between 1-3 days.

Similarly, withdrawing funds can also be accessed through the client portal by clicking on “Withdraw Funds” below “Funding”. Withdrawal requests are usually processed within 24-hours however depending on the method chosen it can take between 3-5 days for funds to reach your account.

Withdrawal fees do apply at 5.00 units in the base account currency for Credit Card, Neteller and Skrill whilst 20.00 unites in the base account currency for international transfers.

Web & Desktop Trading Platforms

“BlackBull Markets offers clients access to the popular MetaTrader 4 and MetaTrader 5 web and desktop platforms available on both Windows and Mac computers.”

BlackBull Markets offers clients access to the popular MetaTrader 4 and MetaTrader 5 web and desktop platforms available on both Windows and Mac computers.

BlackBull WebTrader (MetaTrader 4)

  • Access your account with only an internet connection, no software needed.
  • Trade from any device including desktop, laptop, tablet, and switch between devices seamlessly.
  • Compatible with any web browser – Google Chrome, Mozilla Firefox, etc.
  • The main difference between the web trader and desktop platform is that it is browser based and no download is required. However, you cannot perform algorithmic trading functions on the web version.

BlackBull MetaTrader 4 (PC and Mac)

  • Multiple order types
  • Pre-installed indicators
  • Multiple chart setups
  • Analysis tools
  • Market watch window

BlackBull MetaTrader 5

  • 30+ built-in indicators
  • Advanced pending order functionality
  • Ability to hedge trade positions
  • 20+ timeframes

A screenshot of the MetaTrader 4 desktop platform is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“BlackBull Markets offers users the ability to access mobile trading on the go from the MetaTrader 4 app on iPhone, Android and iPad/Tablet.”

BlackBull Markets offers users the ability to access mobile trading on the go from the MetaTrader 4 app on iPhone, Android and iPad/Tablet. The app download links can be found through the Apple AppStore or Google PlayStore.

Key Features on the MetaTrader 4 mobile apps include:

  • Multiple order types
  • Pre-installed indicators
  • Automated trading functionality
  • Analysis tools

The mobile trading app provided by BlackBull Markets is covered in more detail in the video review.

Trading Features

“BlackBull Markets offers select clients (depending on account type) access to additional trading features such as Virtual Private Servers (VPS) and FIX API trading. Users can also access other social trading venues such as ZuluTrade and MyFXbook, as well as the MetaTrader Market place.”

BlackBull Markets offers select clients (depending on account type) access to additional trading features such as VPS (Virtual Private Servers) and FIX API trading. A summary of each is shown below:

Virtual Private Servers FIX API Trading
Designed to reduce latency and run a computer. Servers are located in New York, London and Japan. Allows institutional accounts to bypass the MetaTrader 4 application and directly connect to BlackBull Markets ECN grid.
  • Reduces your latency by up to 30%
  • Connected by fibre optic cable to the Equinix Servers
  • 99.99% uptime
  • Customisable security options
  • Secures your information
  • Control of server parameters
  • Reduction in slippage
  • Direct Market Access (DMA)
  • ECN integration
  • Straight Through Processing (STP)
  • Faster speeds and lower latency
  • Direct connection to bridge provider gives higher speeds of transaction
  • The use of fibre optic connectivity reduces latency
  • Less physical distance for all information to travel

Clients who would like to follow and copy other traders can do that through BlackBull Markets’ social trading system. Copy-trading can be done after registering for a ZuluTrade account on the BlackBull Markets website. Additionally, users can sign-up for a Myfxbook account to share, analyse, track and compare their trading activities with their friends.

Commissions & Spreads

“BlackBull Markets’ commissions, swaps, and spreads are largely dependent on the account type opened and the financial instrument being traded.”

BlackBull Markets’ commissions, swaps, and spreads are largely dependent on the account type opened and the financial instrument being traded.

  • Clients with a Standard ECN account can trade commission-free with spreads from 0.8 pips.
  • Prime ECN accounts are charged $3 per lot ($6 per round turn) with spreads from 0.1 pips.
  • Institutional accounts come with a negotiable commission rate with spreads from 0 pips.

Similarly, average spreads are smaller with Prime and Institutional accounts when compared to Standard ECN accounts, but all are very competitive with Standard account spreads starting from 0.8 pips.

Swaps charges also vary, clients who do not have an Islamic account will receive/pay interest on any positions that are held overnight. BlackBull Markets does not charge a fee for inactive accounts.

Bonus & Promotions

“At the time of writing BlackBull Markets does not offer any bonuses or promotions.’’

At the time of writing BlackBull Markets does not offer any bonuses or promotions.

Customer Support

“BlackBull Markets offers multilingual customer support 24 hours a day, 5 days a week via email, telephone and live chat.”

BlackBull Markets offers multilingual customer support 24 hours a day, 5 days a week via email, telephone and live chat. A dedicated FAQ & Help Centre can also be found on the client support section of the website.

After logging into the live chat, an agent was assigned to the chat within 1 minute who answered our question promptly:

Contact Information:

  • Address: BlackBull Markets, Level 22, 120 Albert Street, Auckland, 1010
  • Email: support@blackbullmarkets.com
  • Phone: (+64) 9 558 5142
  • Social Media:

Research

“BlackBull Markets offers a selection of material from market analysis several times a month to trading tools such as an economic calendar.”

BlackBull Markets offers a selection of material from market analysis several times a month to trading tools such as an economic calendar. Uses can access these resources by clicking on “Client Support” followed by “Trading Resources” from the homepage.

Trader Education

“BlackBull Markets offers a range of education resources including trading videos, trading guides, and a trading glossary.”

BlackBull Markets offers a range of education resources including trading videos, trading guides, and a trading glossary. Users can access these resources by clicking on “Client Support” followed by “Education” from the homepage. The videos are of high quality and suitable for both beginner and advanced traders as they cover a variety of different trading topics.

Trading Experience

“BlackBull Markets offers several trading accounts for those who are new to trading and those who would like access to more advanced features with low-cost trade fees and ultra-fast execution speeds via ECN trading.”

Overall, BlackBull Markets offers competitive services for beginners to advanced traders as well as access to these unique through globally recognised platforms such as MetaTrader 4 and MetaTrader 5. Clients have multiple payment options with the majority of deposits processed in real-time so there is no delay in your funds being available to trade right away.

With over 350+ markets to choose from and a good selection of educational and research resources available the services on offer will meet most trader’s needs. The broker provides users access to ECN Trading with a very competitive commission and spread structure.

FAQ

Is BlackBull regulated?

Yes, by the New Zealand Financial Services Authority (FMA) and Financial Services Authority (FSA) of Seychelles.

Where is BlackBull based?

BlackBull Markets, Level 22, 120 Albert Street, Auckland, 1010

How does BlackBull make money?

BlackBull makes money mainly through commissions, spreads and swaps.

How do I deposit in BlackBull account?

Funds can be deposited into a trading account through the client portal via credit/debit cards, bank wire, and e-wallets such as Neteller, Skrill, China Union Pay, and Fasa Pay.

What is the min. deposit for BlackBull?

The minimum deposit depends on the account type opened. The lowest amount is $200 to open a Standard ECN account.

How do I withdraw money from BlackBull?

Withdrawals can be made through the client portal via credit/debit cards, bank transfer and e-wallets.

What is the max leverage in BlackBull?

The maximum leverage offered by BlackBull is 500:1.

How do I open an account with BlackBull?

An account can be opened at the click of a button on the BlackBull website and can be done in just a few steps.

Does BlackBull use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“BlackBull Markets is an FMA (New Zealand) and FSA (Seychelles) regulated broker offering to trade on more than 350+ markets across Forex, Indices and Commodities including Precious Metals and Energy, all through the popular web and desktop platforms MetaTrader 4 and MetaTrader 5.”

BlackBull Markets was founded in 2014, Auckland, New Zealand. It is registered with the Financial Services Providers Register (FSPR) and is authorized and regulated by the New Zealand Financial Services Authority (FMA) and Financial Services Authority (FSA) of Seychelles.

The broker is an award-winning broker and has been recognised in the Deloitte Fast 50 growing companies in 2019. With over 350+ markets to choose from, BlackBull Markets’ aim is to offer institutional-level resources to retail clients. Users can choose from several different account types – Standard ECN, Prime ECN, Institutional ECN and a 30-day Demo account. The differences are discussed in the account opening section below.

With commission-free trading for Standard ECN accounts and a good selection of educational videos, guides and a trading glossary, BlackBull Markets is suitable for those who are new to trading and advanced traders. More advanced features are also available to clients with Prime ECN and Institutional ECN accounts who can access virtual private servers (VPS) for ultra-fast execution speeds.

  • FMA and FSA regulated.
  • Access institutional level resources and ECN Trading.
  • Trade on more than 350+ global markets with competitive spreads.
  • Custom solutions for those who want a more tailored approach to their trading.
broker

Your capital is at risk.

See BlackBull Markets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
New Zealand
Foundation Year
2014
Regulations
FMA (New Zealand), FSA(SC) (Seychelles)
Publicly Traded
No
Number Of Employees
0-50
Trading Desk Type
ECN, No dealing desk, STP
Trading platforms
MT4, MT5, WebTrader
Restricted Countries
United States, Russian Federation, Burundi, Congo, Cuba, North Korea, Iraq, Guinea-Bissau, Mali, Nicaragua, Iran, Haiti, Sudan, Yemen, Panama, Ukraine, Palestine, Central African Republic, Libya, Syria, Pakistan, Venezuela, Lebanon, Myanmar, Somalia, South Sudan, Spain, Afghanistan, Zimbabwe, Belarus
Supported Languages
English, Spanish, Chinese
Min Deposit
$200
Max Leverage
1:500 (FMA), 1:500 (FSA(SC))
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, Webmoney, QIWI
Withdrawal Options
Credit Card, Skrill, Neteller, Webmoney, QIWI
Fixed Spreads
Yes
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks, Bonds, Futures, Options
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
Yes
Institutional Account
Yes
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