BlackBulll Markets Broker review

4.7/5 Ratings

VISIT BlackBulll Markets
  • Low minimum deposit plus zero commission
  • Excellent for beginners
  • Suitable for all types of traders
  • High Leverage*

Losses can exceed deposit

No of Users

20,000+

Min. Deposit

1

Regulation

Cysec,FCA

Max Leverage

500:1

Spreads

EUR/USD

GBP/USD

USD/JPY

USD/CAD

AUD/USD

0.9

1.6

1.1

2

1.1

Spreads

  • EUR/USD : 0.9
  • GBP/USD : 1.6
  • USD/JPY: 1.1
  • USD/CAD : 2
  • AUD/USD : 1.1

Risk Warning: 79% of retail investor accounts lose money when trading CFDs with this provider.

Table of Content

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Introduction to BlackBulll Markets Markets

BlackBull Markets is an ECN broker that was established in 2014. The company’s headquarters are located in Christchurch, New Zealand. Blackbull Markets has registered offices in New Zealand, Australia, and the United Kingdom. The company is licensed or authorized by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the New Zealand Financial Markets Authority (FMA). The license number given by ASIC is 409566, and the license number giveprovidedFMA is 518184. Blackbull Markets offers a range of trading instruments on its platform, including forex, CFDs, commodities, and indices.

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Risk Warning: 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Spreads & Fees

A ‘Spread’ or otherwise known as ‘Bid/Ask Spread’ is the measured difference between the buy and sell price quoted for any trading instrument: whether it be a Forex currency pair or metals. It can be interpreted as the cost of trading charged by the broker to traders.

Blackbull markets, along with the majority of brokers, charge a spread to their clients, which is why most traders choose a broker with low spreads. Spread is reported in PIPs or known as basis points. Spreads can be calculated by spread value in pips × traded lot size.

The graphical illustration shows the comparison of how Blackbull markets spread stacks against the combined average spreads of all other established brokers featured on ekzaga.

0.200.410.610.811.021.22EurusdGbpusdUsdjpyUsdcadAudusd0.180.660.440.570.640.961.220.9800BlackBulll Markets Spreads (PIPS)Industry Average Spreads (PIPS)

Blackbull Markets is a high-leverage forex broker that offers some of the lowest spreads in the industry. The average forex spread for major currency pairs is around 3-5 pips, but Blackbull Markets offers spreads as low as 0.1 pips on major pairs through their ECN Prime account. Also through their ECN Institutional spreads from 0.0 pips. With Blackbull Markets, you can be sure you’re getting some of the best spreads in the industry, so no matter what account type you choose, you can be confident that you’re getting great value for your money with Blackbull Markets.

Risk Warning: 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Spread vs Trader

  • Scalping
  • Intraday Trading- <10 Trades
  • Intraday Trading- 10+ Trades
  • Swing Trading
  • Long Term Trading
blackbull_markets_200 Blackbulll-Markets xtb-review XTB plus500 Plus-500
Overall Trust Score
A+
A-
Years Established
8+
20+
14+
Regulatory Authority
]
FCA
Cysec,FCA
Why Choose?
Voted #1 In 5 Countries
Most Exponential Grown CFD Broker
Segregated Accounts
True ECN Broker & 26,000+ Instruments
Over 525,000 Customers Trust XTB
Powerful And User-Friendly Trading App
Seamless Integration With TradingView
5-Star Rating On Trust Pilot
Superior Customer Service

Trading Platforms

If you’re looking for a broker that offers both web trading and mobile trading, BlackBull Markets is a great choice. They offer the popular MT4 platform as well as their own web trader. Both platforms are available in English and Chinese. BlackBull Markets also offers Tradingview, a charting tool with a wide range of indicators and drawing tools. You can use Tradingview to trade directly from the charts or to spot potential trade ideas. BlackBull Markets is a great choice for traders of all experience levels.

Blackbull Markets is a web trader that has been in operation since 2009. It is an ECN/STP broker that is headquartered in New Zealand. Blackbull Markets offers the MetaTrader 4, WebTrader, and Mobile trading platforms. It is a regulated broker by the Financial Conduct Authority (FCA) in the United Kingdom and offers negative balance protection. Blackbull Markets also has segregated client funds and offers leverage up to 500:1. The web trader platform offered by Blackbull Markets gives traders the ability to trade directly from their web browser.

There is no need to download or install any software. The web trader is available in English, Spanish, Chinese, Russian, and Arabic. The web trader has a variety of features such as an economic calendar, live quotes, charting tools with various indicators, and drawing tools. Blackbull markets also offer mobile trading apps for Android and iOS devices. The mobile trading apps have all the features of the web-trader platform and are available in English, Spanish, Chinese, Russian, and Arabic.

 

Platforms Offered

  • WebTrader
  • MetaTrader 4
  • MetaTrader 5
  • Android App & Tablets
  • cTrader
  • Apple App & Tablets

Accounts Types

Standard
Min. Deposit
£100
Trading Instruments
Fx/Metals/Stocks Indices
Commission
Zero
Platform
Order Execution
Base Currency
USD

Blackbull markets offer several different types of accounts to meet the needs of a wide range of traders. The ECN Standard account is ideal for those who are new to the market and want to trade small amounts of money with high leverage and zero commissions. The ECN Prime account is best for those traders who want to take their trading to the next level as this account offers very low spreads. The Blackbull markets ECN Institutional account is designed for those who want to trade with a higher level of customer service and support. This account offers even low spreads than the ECN Prime account, with spreads starting from 0.0 pips. This account is generally really for experienced traders that want to trade with high leverage as the minimum deposit required is $20,000. The Blackbull markets Islamic account is based on Sharia law and is available to Muslim traders. Zulu trade is also available with all accounts, which allows traders to copy the trades of successful traders.

Blackbull markets demo account is available for download from their website. The demo account simulates the live trading environment including live market data and order execution. The demo account is funded with virtual money to enable traders to test their trading strategies in a risk-free environment.

Account Types Offered

Demo
Protects a trader from entering into a negative trading balance i.e. below zero balance
Micro
Protects a trader from entering into a negative trading balance i.e. below zero balance
Standard
Account with MAX TRADE SIZE of 100,000 Units base of currency (Standard Lot)
VIP
Specialized benefits and user experience offered- Low spreads, full range of technical analysis tools, personal analyst to aid traders needs. Typical deposits start from $2,500 USD
Islamic
Swap free accounts therefore trader is not subject to overnight carried interest rates. Compliant with Islamic Shariah Law
Zero Spread
Account feature with ultra-thin spreads with spreads low as zero pips. NOT to be confused with an ECN broker account
Managed
Money manager assigned to place trades on clients behalf. Similar to managed traditional Investment or hedgefund services
See More Account Type

Deposit & Withdrawal

Deposit Methods

Base Currency Fees/Commission Processing Time

Credit Cards
Visa
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR
Instant
Mastercard
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR
Instant

E-Wallets

Neteller
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR

Skrill
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR

Union Pay

Fasapay

Bankwire
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR
1 - 3 days

Withdrawal Methods

Base Currency Fees/Commission Processing Time

Credit Cards
Visa
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR
Within 24 Hours
Mastercard
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR
Within 24 Hours

E-Wallets

Neteller
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR
Within 24 Hours

Skrill
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR

Within 24 Hours

Union Pay

Fasapay

Bankwire
USD, EUR, GBP, AUD, NZD, SGD,CAD, JPY, ZAR
1 - 3 days

Deposit Methods

  • Visa Debit
  • MasterCard
  • Skrill
  • Bank Transfer
  • Visa Credit
  • Neteller
  • WebMoney
  • Paypal

Unique Features

BlackBull Markets is a broker that offers trading in a wide range of markets including forex, indices, and commodities. One of the unique features of BlackBull Markets is the ability to trade on MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms in the world. In addition, they offer their Webtrader platform.

You can also integrate, your account with the tradingview platform. a wide range of educational resources to help traders improve their skills. These include webinars and video tutorials. They offer negative balance protection giving clients peace of mind as well as 24/7 customer support whereas the industry standard seems to be 24/5 customer support.

Customer Support

Blackbull markets are one of the best brokers in the world. They offer a wide range of services including online and mobile trading, live chat, telephone support, and email support. They also have an extensive FAQ section on their website. Their customer service team is available 24/5 and they offer a fast response time to queries. They have a multilingual website and customer support team who can speak over 15 languages. Overall, Blackbull Markets is a great broker with superb customer service.

Blackbull markets is one of the best forex brokers in the business. They offer mobile level 3 trading and have amazing customer service. Their customer support team is available 24/7 and they respond to queries within minutes. They offer a live chat service as well as email and phone support. They have a huge range of translatable languages on their website and their customer service team supports over 20 languages.

Conclusion

Blackbull Markets on the whole are an excellent broker that we highly recommend. If you are looking for a high-leverage account look no further this is the broker for you. They have multiple ways of depositing funds into an account, and from our research, they are clear winners in this department. Also, they can accept a variety of different currencies when depositing into an account. They offer a number of platforms to trade from on top of the most popular metatrader4/5. The accounts they offer have something for everyone, whether you are looking to open your first account or are a more experienced trader.

Their ECN Standard account has no minimum deposit requirement as well as no commission, competitive spreads, and high leverage. The only two downsides we see are that with their ECN Prime account the minimum deposit amount required is $2000 which we feel is high, and in comparison to most of its competitors is very high. In saying that what they offer on the account is extremely good, especially for more experienced traders. Spreads start from 0.1 pips with leverage up to 1:500. The commission on the account is also a bit high, with commission starting from $6 per lot.

The other major issue is in terms of regulation; they aren’t regulated by top-tier bodies like FCA, never the less they are regulated by the FMA, and the clients’ funds are placed in a segregated account using one of the leading banks in the Australasian region. We highly recommend BlackBull Markets, we have no doubts their popularity will rise over the years to come.

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Disclaimer: Risk warning: All trading instruments on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. All information provided by ekzaga.com is for educational purposes only. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Advertiser Disclosure: – At ekzaga, we consider clarity and transparency as core values. Ekzaga Broker Research is free for everyone, but earns a commission from some of its partners at no additional cost to you. However, please note that all the material and information made available by ekzaga.com or any of its affiliates is based on our proprietary professional methodology, which is unbiased, prepared in accordance with the best interest of our customers and most importantly independent from the remuneration structure we have in place with some of our partners.

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