Blackbull Markets Broker Review
BlackBull Markets is another name for Black Bull Group Limited. Since 2014, the platform has been licensed by New Zealand’s Financial Services Provider Registry (FSPR) and FSA (Seychelles). The company is based in Auckland, New Zealand, but they also operate from Kuala Lumpur, Malaysia.
You can find our transparent Blackbull Markets review below. Broker reviews are updated frequently!
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BlackBull Markets offers forex traders an easy way to gain experience in the forex market through its easy-to-use platform. The company offers more than 300 assets. Aside from this, they offer 60 forex pairs, indices, gold, silver, natural gas, and oil commodities.
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For an ECN standard account, BlackBull Markets’ spreads are tight, starting at 0.8 pips. Standard ECN accounts do not incur commissions. A $3.00 fee per round-trip lot will be charged to traders with prime accounts. For precious metals, the maximum leverage remains at 1:500. Indexes and oils are leveraged to a maximum of 1:100.
Pros / Cons
- ZAR Account Currency
- Broker Verified
- No FSCA Regulation
- High Minimum Deposit
Deposits can be made at BlackBull Markets in nine different currencies, including the US dollar, the British pound, and the euro. Furthermore, bank wire transfers, credit and debit cards, Skrill, Neteller, Union Pay, and FasaPay, can all be used for deposits. All other payment methods will be processed on the same day, except for the bank wire method, which may take three business days.
A demo account is complimentary for beginners for 30 days. Demo accounts allow you to practice trading with virtual money while accessing the real trading market.
Heinrich is a forex and CFD enthusiast with a passion for writing good informative quality content. He strives to showcase the best forex brokers in Africa. Join him on his Journey!
Content Writer | Market Analyst
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