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3 mins readOverview
Unique Selling Points Access to 26,000+ Tradable Assets: Having access to a wide range of markets can be great for traders who like to diversify their portfolios. BlackBull...
Unique Selling Points
Access to 26,000+ Tradable Assets:
Having access to a wide range of markets can be great for traders who like to diversify their portfolios. BlackBull Markets provides access to 5 asset classes (commodities, crypto, equities, forex, and indices) with more than 26,000 tradable instruments available on the platform.
Multiple Trading Platforms
A trader’s experience significantly depends on the trading platform offered by a broker. The differences in trading platforms can range from interface to crucial features and trading strategies.
To support traders with different preferences, BlackBull Markets offers MetaTrader 4, MetaTrader 5, TradingView, and cTrader platforms.
The broker also offers a proprietary BlackBull CopyTrader for traders who want to copy trades of successful traders. Besides offering a dedicated copy trading platform, the company also offers another proprietary platform named BlackBull Invest for trading real stocks.
Access to Third-Party Trading Services
In addition to its main trading platforms, BlackBull Markets provides several trading tools and third-party services. These include VPS Trading, ZuluTrade, Myfxbook, an Economic Calendar, and Trading Calculators. These tools can be useful for traders who want additional features for automated trading, copy trading, market analysis, and trade planning.
Up to 1:500 Leverage
Leverage is one of the deciding factors that active traders look at when comparing brokers. A high leverage allows traders to control larger positions with a smaller capital. BlackBull Markets offers leverage of up to 1:500.
Spreads Starting from 0.0 Pips
BlackBull offers very low spreads, starting from 0.0 pips on the Prime ECN account and 0.8 pips on the ECN Standard account. Low spreads are great for scalping and other automated trading strategies with the broker.
No Minimum Deposit
A high minimum deposit can make it harder for new traders to start trading. BlackBull Markets does not have a set minimum deposit requirement for its Standard or Prime accounts. It means traders can always start with whatever amount they are comfortable trading with. They can fund their accounts with $5 or $5,000, and trade without hiccups.
Trading Education and Market Analysis
Not every broker invests in trader education. But BlackBull offers extensive educational resources including courses, tutorials, published research, and demo accounts. Traders can find multiple courses on Forex, Commodities, Crypto, Stocks, Platforms, and AI in trading. With the demo account, traders can test strategies without putting their funds at risk.
Multiregulated Broker
BlackBull Markets is a multiregulated broker. The company operates under an FMA New Zealand regulatory licence, which is a tier-1 regulator. In addition, the company also has an offshore regulation from FSA Seychelles. The multiregulatory setup gives traders peace of mind that their funds are secure and also gives them access to flexible trading conditions like autotrading and copy trading.
Multichannel and Multilingual 24/7 Customer Support
Most brokers have customer support available 24/5, on all trading days. BlackBull takes a step ahead by offering round-the-clock customer services all days of the week. Customer support is available via call, live chat, email, and WhatsApp.
To serve non-English speaking traders, the company offers support in 8 languages (English, Chinese, French, German, Portuguese, Spanish, Thai, Arabic).
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Our Verdict 4.8 / 5
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Pros
- 26,000+ Tradable Assets: BlackBull Markets provides access to more than 26,000 tradable instruments across 5 different asset classes.
- Multiple Trading Platforms: Traders can use MetaTrader 4, MetaTrader 5, TradingView, cTrader, and MetaTrader WebTrader. The broker also offers proprietary BlackBull Invest and BlackBull CopyTrader platforms.
- Extensive Variety of Tools and Third-Party Services: BlackBull offers access to VPS, ZuluTrade, Myfxbook, an Economic Calendar, and Trading Calculator.
- High Leverage, Low Spreads: The broker offers leverage of up to 1:500 and spreads starting from 0.0 pips.
- No High Minimum Deposit: The Standard, Prime, and Prime+ accounts have no minimum deposit requirement.
- 24/7 Customer Support: BlackBull Markets provides customer support through email, phone, and WhatsApp on a 24/7 basis. Support is available in 8 languages.
- Swap-Free Islamic Islamic Account Option: The broker offers swap-free accounts upon request.
Cons
- Flat Administrative Fee on Swap-Free Islamic Accounts: BlackBull Markets charges a flat administrative fee on swap-free trading accounts.
- $5 Withdrawal Fee: On every withdrawal, a withdrawal fee of $5 is applied to a trader’s account.
General details
Introduction
BlackBull Markets is an international broker headquartered in New Zealand. The company has been offering trading services since 2014 to traders in 180+ countries. The company offers 26k+ assets across forex, shares, indices, commodities, metals, cryptocurrencies, and other instruments.
To trade with this wide variety of assets, the trading environment is multiregulated, secure, and flexible at the same time. For example, the company has a regulatory framework with tier-1 FMA New Zealand and tier-3 FSA Seychelles licences. All client funds are deposited in segregated accounts. Yet the company offers access to advanced trading strategies, automated trading and copy trading.
The company does not have a minimum deposit requirement. Leverage is high, and spreads are low. On top of that, the company offers access to industry leading trading platforms, third-party services, multiple account types, and 24/7 customer support available in multiple regional languages. Learn more about this broker in our detailed broker review.
Supported Countries
We have reviewed 100+ brokers and none of them operate in all countries across the world. This happens mainly because of national and international regulations. The same is true for BlackBull Markets. The company does not accept clients from the US and Canada.
To confirm a broker’s availability in your country, we always suggest heading to its sign up page. It literally takes 2 minutes. When you fill your country of residence or phone number, a broker lets you know if you can create an account or not.
Average Customer Ratings
We highly recommend checking customer reviews about a broker before creating an account. It is one of the best ways to know what to expect when trading with a company. Customer reviews can provide additional insight into a broker's performance, customer support, withdrawals, and overall reliability.
At the time of writing this review, BlackBull Markets has a 4.7-star rating out of 5 stars based on 3,400+ customer reviews. Most of the recent reviews are positive, with customers frequently mentioning customer support and the speed of assistance.
We also have a customer reviews section on all broker profiles published on TopBrokers. We encourage you to share your feedback about BlackBull Markets here.
Trading Platforms
A trader’s experience significantly depends on the trading platform offered. The differences in trading platforms can range from just the UI to core features like charting tools, access to advanced trading strategies, and devices one can use to trade.
BlackBull Markets offers a stacked set of trading platforms by offering MT4, MT5, TradingView, and cTrader. Besides these, the company also offers its proprietary BlackBull Invest and BlackBull CopyTrader platforms.
The company also has its proprietary mobile apps available on iOS and Android devices.
Customer Support
Customer support can play a crucial role when traders need assistance regarding platform, account verification, or funding etc. BlackBull Markets provides customer support 24 hours a day, 7 days a week. The company offers support via live chat, WhatsApp, telephone (+64 9 558 5142), and email ([email protected]).
The company offers support in 8 languages of their target markets including English, Chinese, French, German, Portuguese, Spanish, Thai, Arabic.
In addition to direct support, the company also has sections on trader education and FAQs, covering topics related to accounts, funding, platforms, trading conditions, withdrawals, verification, and other common questions.
Payment Methods
BlackBull Markets does not limit traders to 2 or 3 payment options. To make payments easy for traders, the broker offers 7 payment methods including, Visa, Mastercard, Apple Pay, Google Pay, Bank Transfer, Neteller, and Skrill, giving traders a solid mix of card payments, mobile wallets, and e-wallets to fund and withdraw funds. Deposits are free but withdrawals come with a flat $5 fee.
Tradable Assets
BlackBull Markets offers one of the most extensive varieties of tradable instruments with over 26k instruments. These assets include 70 forex pairs, major market indices, stocks, cryptocurrencies, commodities, Future CFDs.
Trader Education
BlackBull Markets is one of the brokers with a strong focus on trader education. The company has an Education Hub where traders can get into trading courses. You can find courses around learning how to use trading platforms like MT4, MT5, cTrader, company’s proprietary trading platforms, etc.
Besides the courses, the company conducts webinars on trading, shares research for traders, and much more. The best part is that these courses and resources are suitable for traders in different stages of their journeys. Some courses are beginner-friendly, others are intermediate in difficulty, and some are made for pros.
Besides the free resources available on the website, the company also has a very strong presence on YouTube with more than 3,000 videos published. Lastly, the Demo account is great to apply what you have learned risk-free.
Regulation and Compliance
BlackBull Markets operates through a multiregulated regulatory structure. The company headquarters is located at Level 20, 188 Quay St, Auckland 1010, New Zealand.
Black Bull Group Limited is incorporated in New Zealand and is registered as a Financial Services Provider under FSP403326 and company number: 5463921.
BlackBull Markets also operates through BBG Limited, which is registered (registration number 857010-1) and regulated (FSA license number SD045 in Seychelles).
The multiregulated structure adds security features like segregated accounts and negative balance protection. The company requires traders to comply with AML and KYC compliance.
Conclusion
BlackBull Markets is an established broker with a solid track record of more than a decade. The company offers many standout features like no minimum deposit, multiple CFD and stock account types, access to the best trading platforms, 26k+ tradable instruments, 24/7 support, high leverage, low spreads, access to automated and copytrading strategies.
However, there are a few tradeoffs as well. Like a withdrawal fee of $5 on all withdrawals and a flat administrative fee on swap-free accounts. Also, the company does not offer trader insurance like other tier-1 brokers usually do.
All things considered, BlackBull Markets is a solid broker with offerings that make it a great choice for many traders. No minimum deposit requirement on live accounts and a demo account can help you test the broker with minimum risk.
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Accounts
All traders are different, and so are their preferences in a trading account. BlackBull Markets offers 3 main ECN accounts (ECN Standard, ECN Prime, and Prime+) to trade CFDs and a BlackBull Invest account to trade real stocks. All 3 ECN accounts are available in swap-free (Islamic) variants. There is also a demo account where new traders can test their strategies without investing real funds.
ECN Standard
BlackBull Markets currently offers three main trading accounts under its ECN account structure: ECN Standard, ECN Prime, and Prime+. The accounts are designed for different types of traders, with differences mainly in spreads, commissions, and additional trading benefits.
Feature | ECN Standard | ECN Prime (Most Popular) | Prime+ (Invite-only) |
Minimum Deposit | US$0 | US$0 | US$0 |
Spreads From | 0.8 pips | 0.0 pips | 0.0 pips |
Commission (per side) | None | US$3.00 per lot | US$3.00 per lot |
Commission Rebate | Not available | Not available | Available |
Equinix Server | London | London | London |
Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
Swap-Free | Available | Available | Available |
Free VPS | Available (with $2K balance + 20 lots/month) | Available (with $2K balance + 20 lots/month) | Available (with $2K balance + 20 lots/month) |
Access | Open enrollment | Open enrollment | Invitation-only |
Best For | Beginner traders | Experienced traders | High-volume traders |
ECN Standard
ECN Standard is a beginner-friendly trading account with spreads starting from 0.8 pips, no commissions, no minimum deposit, 1:500 leverage, and London Equinix Server for fast execution.
ECN Prime
ECN Prime is more suitable for active and experienced traders. The spreads on this account start at 0.0 pips with a $3.00 commission charged per lot. Other features include no minimum deposit, a leverage of up to 1:500 and fast execution with London Equinix Server.
Prime+
Prime+ is an institutional grade trading account for high volume traders. This account also has spreads starting from 0.0 pips with a per lot commission of $3.00 per side. The leverage on this account is also 1:500 and comes with London Equinix Server’s fast execution. It is an invite only account.
BlackBull Invest
BlackBull Invest is a trading account to trade in real equities(stocks) instead of stock CFDs. You can invest in stocks from different international markets like the US, Australia, and New Zealand. This account is great for long-term investing whereas ECN accounts are better for short term trading activities.
Swap-Free Islamic Account
All three trading accounts are also available in swap-free Islamic account variants. The only difference being the administrative fee charged on positions held for a longer period.
Demo Account
Demo accounts are great for traders who want to test their strategies in a trading environment. You can access different trading platforms and markets with these accounts.
