BlackBull Markets Review 2022

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BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.

InstrumentsForex, CFDs, indices, energies, metals, commodities, cryptos, stocks
Demo AccountYes
Min. Deposit$0
Payment Methods
Min. Trade0.01 lots
Regulated ByFMA, FSA
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewYes
Trading CentralNo
AutochartistYes
eSignalNo
STP AccountNo
ECN AccountYes
DMA AccountNo
MAM AccountYes
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes
Social TradingYes
Copy TradingYes
Islamic AccountYes
Inactivity Fee0
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • DAX GER 40 Index
  • FTSE UK Index
  • Nasdaq
Commodities
  • Gold
  • Silver
CFD TradingBuy and sell CFDs on the financial markets.
CFD FTSE Spread10.4
CFD GBPUSD Spread0.8
CFD Oil Spread5.2
CFD Stocks SpreadVariable
CFD Leverage1:500
Forex TradingBlackBull Markets offers leveraged FX trading.
Forex GBPUSD Spread0.8
Forex EURUSD Spread0.2
Forex EURGBP SpreadNot provided
Forex Assets60+
Crypto TradingTrade popular crypto tokens using leveraged CFDs.
Crypto SpreadVariable
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Risk Warning – Your capital is at risk

BlackBull Markets is an ECN broker based in New Zealand, offering over 23,000 tradeable instruments on the MT4 and MT5 platforms. Here we’ll review the broker’s client portal, covering spreads, minimum deposits, regulation, plus the live and demo account login processes.

BlackBull Markets Details

Founded in 2014, Black Bull Group Limited (BlackBull Markets) is licensed by the New Zealand Financial Markets Authority and the Financial Services Authority (FSA) of Seychelles.

The broker is headquartered in Auckland, NZ and has an additional support office in Kuala Lumpur, Malaysia.

The company offers 10 years of combined institutional experience in the forex space. The broker is a true ECN, No Dealing Desk brokerage providing institutional-grade fintech services to retail clients.

Users can access award-winning platforms plus additional tools, including Myfxbook and ZuluTrade. Institutional clients can also access prime services and PAMM accounts.

Trading Platforms

MetaTrader 4

The MT4 system is the go-to option for many brokers and traders. The platform offers near-instant execution, interactive charts, and direct market trading using prime liquidity providers.

The platform supports Expert Advisors (EAs), as well as MetaScripts, which allow you to create your own automated trading robots. Traders can also access multiple order types, dozens of pre-installed indicators and analysis tools, multiple chart set-ups, and a market watch window.

MT4 is optimised for both Windows and Mac PCs, with separate download links available on the BlackBull Markets website.

The online version of MT4, MetaTrader WebTrader, is also available and allows clients to access trading via any supported web browser (Chrome, Mozilla, Firefox, etc.) from any device.

The WebTrader eliminates the need to install any additional software and offers all the same benefits as the desktop version, including a collection of indicators and drawing tools, financial news, plus live pricing and fast execution.

BlackBull Markets MetaTrader 4 trading platform
BlackBull Markets MetaTrader 4

MetaTrader 5

MT5 offers even faster processing times, hedging capabilities, advanced pending order functionality, and a broader range of tools and indicators. There’s also over 20 timeframes, an integrated economic calendar, and access to depth of market liquidity.

BlackBull Markets MetaTrader 5 Trading platforms
BlackBull Markets MetaTrader 5

You can download the platform straight from the BlackBull Markets website but you’ll need to create an account before you can start trading.

Assets & Markets

BlackBull Markets offers over 23,000 instruments, including over 60 forex pairs, CFDs on some of the world’s most popular indices and cryptocurrencies, commodities including oil and natural gas, plus gold and silver. Stock trading is also available via leveraged CFDs and on underlying shares.

Fees

Zero pip spreads are available at BlackBull Markets but typically start from around 0.8 pips in the ECN Standard account. Live spreads for EUR/USD start from 0.2 pips.

Blabkbull markets spreads review

Trading is commission-free in the ECN Standard account and in the ECN Prime account, the commission is $3.00 per lot ($6.00 per round turn). In the ECN Institutional account, the commission rate is negotiable.

BlackBull Markets also charges swap fees for keeping positions open overnight, which are calculated on an ongoing basis by the broker and are available in the trading platform.

Leverage

The maximum leverage available at BlackBull Markets is 1:500 on currency pairs and precious metals. For oils and indices, you can leverage up to 1:100. Margin call calculations are explained in the Product Disclosure Statement.

Mobile Trading

The MT4 trading app is available to download on iOS and Android smartphones at no additional cost. The app is fully functional, offering a full set of trade orders, complete trade history, interactive navigator windows and charts, indicators, drawing tools, and automated trading functionality.

Blackbull Markets Mobile app platforms iOS and android

The broker also offers the ZuluTrade mobile app, a social copy-trading platform available on iPhone, iPad, and Android.

Payment Methods

Deposits are accepted in nine currencies, including USD, EUR, GBP, and AUD, via bank wire, credit cards, Skrill, Neteller, Union Pay, and FasaPay. Deposits can also be made in cryptocurrencies. All options are processed instantly, apart from bank wire, which takes 1 – 3 days.

Withdrawals must be made using the same method that you originally deposited. The broker aims to process withdrawals within 24 hours. Fees are charged at 5.00 in the base account currency for credit card, Neteller, and Skrill, and 20.00 in the base account currency for international bank transfer.

Demo Account Review

BlackBull Markets offers a 30-day demo simulator with up to $100,000 in virtual funds. Users can choose between the Standard or Prime account and set their own leverage level up to 1:500. A demo account is an essential tool to test out trades and access real market data before experiencing the real thing.

BlackBull Markets Bonuses

At the time of writing, there are no promotional offers available at BlackBull Markets. Traders can check the broker’s website or social media pages for any future deals.

Licensing

BlackBull Markets is incorporated and registered in New Zealand. The brokerage is also registered with the Financial Services Provider Registry (FSPR) with license number FSP403326 and is a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme.

The broker ensures the security of client funds, using ANZ Bank, one of the leading Australasian banks, to segregate money and manage its operational liquidity. Overall, we’re comfortable BlackBull Markets isn’t a scam.

Additional Features

Beginners can access a variety of educational resources, including MT4 videos, forex analysis guides, and a trading glossary. There is also an economic calendar to keep an eye on market news and events.

The broker also offers free VPS services for traders who meet certain criteria, including NYC Servers and BeeksFX. In addition, there are three popular social trading platforms: HokoCloud, ZuluTrade and Myfxbook.

ZuluTrade social trading at Blackbull
ZuluTrade social trading

The online broker partnered with Autochartist in 2022 to offer powerful market analytics and automated opportunity identification. The plugin, which is integrated with MT4 and MT5, scans the markets and alerts users to potential trading opportunities. It uses pattern-recognition technology to monitor the markets 24/7 and is an important feature in many traders’ toolkits.

Blackbull Markets Autochartist news

BlackBull Markets Accounts

There are three main account types available at BlackBull Markets (ECN Standard, ECN Prime, and ECN Institutional), plus Islamic accounts and Active Trader accounts for eligible clients. The minimum lot size in the accounts is 0.01.

Standard

Spreads start from 0.8 pips in the Standard account and there is no minimum deposit. Trading is also commission-free in the Standard account.

Prime

Spreads are more competitive in the Prime account, starting from 0.1 pips. The minimum deposit required is $2,000. Commissions of $6 per round turn are payable.

Institutional

For a $20,000 minimum deposit, Institutional account holders can access spreads from 0.0 pips. Institutional accounts also come with complimentary VPS access, customisable commission structures, dedicated 24/6 support, and customised MAM/PAMM platforms.

Benefits

There are good reasons to open an account with BlackBull Markets:

Drawbacks

Disadvantages of trading with this broker include:

Trading Hours

Note that the default server time in MT4 is GMT+2 (GMT+3 DST). Server times for forex are 00:00 – 24:00 Monday to Friday. For metals, trading times are 01:00 – 24:00 Monday to Thursday and 01:00 – 23:00 on Friday. Trading sessions are 01:00 – 24:00 for crude oil and 03:00 – 24:00 for brent oil (Monday to Friday). Specific opening times for indices can be found in the contract specifications.

Customer Support

You can contact the customer support team through several methods, including telephone, email, and 24/5 live chat.

Security

All transmitted data on the platforms at BlackBull Markets is encrypted via a secure SSL connection. All client transactions are also managed within the secure client portal.

BlackBull Markets Verdict

Our review of BlackBull Markets has uncovered some good reasons to open a live account, including the competitive spreads and a wide choice of platforms and tools. We also liked the selection of deposit and withdrawal options.

Accepted Countries

BlackBull Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use BlackBull Markets from United States.

Compare BlackBull Markets

Compare BlackBull Markets with similar brokers that accept traders from your location. Among available brokers these are the most similar to BlackBull Markets:

  1. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  2. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  3. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

BlackBull Markets Comparison Table

Compare BlackBull Markets With Similar Brokers
BlackBull Markets InstaForex LQDFX AAAFx Forex.com
Rating 4.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $0 €200 to €50,000 (depending on account type) $20 $10 $100
Minimum Trade 0.01 lots 0.01 Lots 0.01 lots 0.01 lots $1
Regulators FMA, FSA CySEC HCMC (Greece), FSCA (South Africa) CySEC, IIROC, NFA, CFTC, FCA, CIMA
Bonus 100% deposit bonus up to $20,000 100% Deposit Bonus available for Global clients No
Education Yes No Yes No Yes
Platforms MT4, MT5 MT4, MT5 MT4 MT4, MT5 MT4
Leverage 1:500 1:30 for retail clients, 1:500 for professional 1:100 – 1:500 1:30 EU, 1:500 Global 1:200
Payment Methods 10 10 8 8 8
Detailed Comparison BlackBull Markets vs InstaForex BlackBull Markets vs LQDFX BlackBull Markets vs AAAFx BlackBull Markets vs Forex.com
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Review BlackBull Markets
Review
InstaForex
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LQDFX
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AAAFx
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Forex.com
Review

Compare Trading Instruments

Compare BlackBull Markets Trading Instruments
BlackBull Markets InstaForex LQDFX AAAFx Forex.com
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No Yes Yes No Yes
Gold Yes Yes Yes Yes Yes
Copper No No Yes No No
Silver Yes Yes Yes No Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures No No No No Yes
Options No No No No Yes
ETFs No Yes No No No
Bonds No No No No No
Warrants No No No No No
Spreadbetting No No No No No
Volatility Index No No No No No

BlackBull Markets vs Other Brokers

Compare BlackBull Markets with any other broker by selecting the other broker below.

BlackBull Markets vs

FAQ

How do I open a live account with BlackBull Markets? 

You can open a live account and set up your client login in just a few stages. Once you’ve submitted your ID verification, you’ll need to confirm your email address and wait for approval.

How do I open a BlackBull Markets demo account?

You can create a demo account by filling in a short online application form and setting the custom parameters of your account. You will then be emailed your demo login details.

Does BlackBull Markets offer any bonus deals? 

BlackBull Markets does not offer any bonuses or promo deals at this time. Check the broker’s website for future deals.

What is the margin call and stop out level at BlackBull Markets?

BlackBull Markets does not make margin calls. The stop out level is 50%.

Is BlackBull Markets a scam? 

Black Bull Group Limited (BlackBull Markets) is a legitimate company registered and incorporated in New Zealand (NZBN 9429041417799) and is a registered Financial Services Provider with a license issued by the Financial Markets Authority.

BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.

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