Blackbull Markets Broker Review

Starting in 2014, BlackBull Markets is an online broker working in New Zealand. This broker offers institutional-grade trading conditions with which a trader can start trading worldwide through CFDs and Forex.

BlackBull Markets offers simple and user-friendly trading platforms with low fees, tight spreads, great customer support, and fast trade execution.

For a detailed discussion about this broker provider, below, we review BlackBull Markets to let you know what else it offers. So let’s dive into the discussion below!

You can find our transparent Blackbull Markets review below. Broker reviews are updated frequently!

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About BlackBull Markets broker

BlackBull Markets was founded in 2014 by an experienced team of professionals in fintech development, forex, and data security. This platform is undoubtedly an excellent online broker to start trading on metals, commodities, indices, and Energies or CFDs.

They are a reliable Electronic Communication Network (ECN) broker based on No-Dealing Desk (NDD) and Straight Through Processing (STP).  Global partners have prime liquidity providers for deeper poo liquidity and huge market depth.

If we talk about the tighter spreads, it generally starts from 0.1 pips based on hassle-free 24/6 customer service and excellent support.

Overview

Founded	2014
Regulated by	FSPR (New Zealand), FSA (Seychelles)
Broker type	ECN, NDD
Minimum deposit	USD 1
Maximum leverage	1:500
Account currency	EUR,USD, AUD, GBP, JPY, NZD, CAD, SGD, ZAR
Deposit options	Visa, MasterCard, Skrill, Neteller, China Union Pay, FasaPay
Platforms	MT4
Support hours	24/6

BlackBull Markets regulation

The BlackBull Markets Group is registered with New Zealand Financial Services Provider Registry (FSPR). They are also members of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme.

Black Bull Group Limited has been registered under the jurisdiction of the Financial Services Provider (FSP403326) and often holds the Derivative Issuer Licence, which the Financial Markets Authority issues.

Plus, they often have a strict policy of Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT) to copy up with the money laundering framework under operational standards.

BlackBull Markets products

This broker has an asset selection, which is quite narrow and is often available in a variety. To start your trading journey, they have only 31 currency pairs along with four commodity CFDs, as well as 12 index CFDs.

This makes BlackBull Markets the best option for those traders who like to trade with limited assets. Go for this broker if you are interested in trading with indices, commodities, and major forex pairs.

BlackBull Markets spread & commission

A user will get zero pip spreads on this broker, starting from 0.8 pips for an ECN standard account. For the EUR/USD currency pair, live spreads start from 0.2 pips.

In the ECN Standard account, trading is set to be commission-free. But with the ECN Prime account, the commission ratio is set at $3.00 per lot ($6.00 per round turn). Within the ECN Institutional account, the percentage of the commission rate is quite negotiable.

The average standard spread on major currency pairs is:

• EUR/USD: 0.2
• GBP/USD: 0.6
• USD/JPY: 0.4
• XAU/USD: 22

BlackBull Markets fees

Fee charges on BlackBull Markets are:

Minimum Spread	Commission Per Round Lot	Cost per 1.0 Standard Lot
0.8 pips	$0.00	$8.00
0.1 pips	$6.00	$7.00

BlackBull Markets leverage

For the forex traders, maximum leverage is up to 1:500, along with silver and gold. Oil and indices are capped at the leverage ratio of 1:100.

In addition, a three-tier system also exists, which is lowered to 1:200 above 0.50 lots and with 1:100 above 1 lot.

Trading with leverage is the best way to open the trade position size according to your preferences. If, on one side, it increases your profit potential, then on the same side, it can also increase your overall risk exposure,

The new traders need to get a clear knowledge of leverage before opening their leveraged trading positions.

BlackBull Markets account types

Three different trading account types available on BlackBull Markets are:

1.   ECN Standard

This standard account has a minimum deposit requirement of $0 and operates on the Equinix NY4 server. The spread ratio starts from 0.8 pips. It is a commission-free account.

2.   ECN Prime

The ECN Prime account has a minimum deposit requirement of $2,000 which runs on Equinix NY4/LD4/TY3 servers. The spread ratio starts from 0.1 pips with a competitive commission charge of $3.

3.   ECN Institutional

Third, we have an ECN institutional account, which requires a minimum deposit of $20,000. It even has customisable server support options in which the spread ratio starts from 0.0 pips. Its commission is negotiable.

Broker fees will vary and often change with time. But there are some additional fees as well, which you can check from the official site.

Note: BlackBull Markets is also offering Islamic Accounts, which operate according to Sharia law. This trading account does not have swap rates or the rollover costs on the overnight positions.

Even if you open a trading account in Malaysia or Indonesia, your account will still be known as an Islamic-compliant Account.

BlackBull Markets trading platforms

1.   MetaTrader 4

MT4 trading platform is excellent for both beginner and expert traders. This platform has a friendly interface with a quick learning curve. Moreover, its customisable features will make the whole trading experience a smooth go.

Few major features included in the MT4 platform are 85 pre-installed technical indicators, real-time marketing quotes, multiple chart timeframes, trading strategy templates, automated trading, and order types.

BlackBull Markets MT4 connects with the NY4 Equinix server located on Wall Street. It can easily execute the trades within 2-5 milliseconds. A trader can directly trade in markets with multiple liquidity providers who supply the excellent bid/ask prices with lesser slippage and tight spreads through this server.

MT4 is compatible with web, mobile, and desktop. The mobile option is convenient for traders who are fond of trading even during travel time.

2.   FIX API Trading

This broker provider has an option of FIX API for those clients who want to use their own designed FIX application. In this way, a user can easily bypass the entire MT4 application and trade with Direct Market Access (DMA).

DMA is responsible for increasing the speed of transactions and reducing latency. Hence, the FIX API trading solutions are also available for the clients of institutional accounts.

BlackBull Markets payment methods

Deposit

For deposit and withdrawal purposes, a variety of funding options are available for the traders. This includes credit/debit cards, bank wire system, FasaPay, Skrill, and Neteller. Duration of processing depends on the payment method you choose.

A small fee is also charged upon the use of a certain method of payment. Bank transfer will take a few days to clear the amount. A trader can open their account in the currencies of GBP, USD, AUD, JPY, CAD, HDK, SGD, NZD, and CHF.

Withdrawal

If we talk about the withdrawal fee, it generally depends on the method you are choosing. For example, Neteller, credit card, Skrill, and the international bank transfer have the withdrawal fee of 5.00 over the account base currency.

The currency conversion rate is concerned; it has an exchange rate of +2% conversion fee during withdrawal approval.

BlackBull Markets demo account

It might be a bit disappointing, but this broker has a restricted demo account service of just 30 days. And this demo account is just available on the MT4 trading platform.

Hence, the trading conditions on a demo account are a bit different from the live account. For the demo account, a trader has to submit an account balance between $5,000 and $100,000.

Opening an account with BlackBull Markets

You can quickly and within just a few steps create an account with BlackBull Markets. First, fill the online registration form by visiting the official site and verify the account by mentioning your email address.

Upload the scanned copies of your identity along with address documents for KYC purposes. Once the account is approved, you can start funding it for trading.

Each trading account of this broker has a different requirement of minimum deposit. For example, the ECN standard account is $200 and $2,000 for the ECN prime account. For the institutional account, the requirement of the deposit is $20,000.

BlackBull Markets bonuses & promotions

If we talk about bonuses and promotions, BlackBull Markets does not offer new or old traders.

It hence maintains an Active Trader account in which it presents with some monetary incentives for the qualifying traders, such as commissions or free VPS hosting.

BlackBull Markets trading hours

For the metals, trading time on this broker is from 01:00 – 24:00 Monday to Thursday and 01:00 – 23:00 on Friday.

But for crude oil, the trading session starts from 01:00 – 24:00 and is 03:00 – 24:00 for trading brent oil from Monday to Friday.

BlackBull Markets customer support

For any queries about how the broker works, customers can contact the team 24/6 via live chat. A toll-free contact number for New Zealand is also available with nine different email addresses. One phone number is for Chinese clients.

The FAQ section also provides general information about this broker’s trading products and services for any help.

Education & research

BlackBull Markets is available with great market commentary and an economic calendar to offer vast details about the research.

Beginner traders can also access ten different videos along with short trading guides. These videos will let the new trader have an in-depth introduction to trading. In addition, a Trading Glossary is also available.

BlackBull Markets accepted countries

This broker is currently accepting numerous countries that can create their account with them. But they do not support clients from the US.

Few major accepted countries are Thailand, Australia, United Kingdom, Canada, South Africa, Germany, India, Hong Kong, Singapore, Norway, Italy, Sweden, Kuwait, Qatar, Saudi Arabia, France, United Arab Emirates, and Luxembourg.

BlackBull Markets special features

This broker is available with some unique features in which API is the most common one. It allows algorithm traders to connect with advanced trading solutions.

In addition, the free service of VPS hosting is also part of this broker, which is available on ECN Prime accounts, having a trading volume of above 20 lots.

It even supports social support trading via the market leaders ZuluTrade as well asMyfxbookAutotrade. Thus, confirming the liquidity within the access of the Prime Liquidity service to the institutional clients.

A variety of trading tools are also available with which a new client can understand more about what trading is and how to perform charting analysis. Visit the official site of BlackBull Markets to know more about the latest trading tools offered.

BlackBull Markets IB affiliate program

The BlackBullAffiliate Programme is an exciting partnership program that can bring in some experienced traders. You are free to join it without paying any of the charges.

BlackBull Markets South Africa

BlackBull Markets also accepts clients from South Africa who can trade on any product or asset of this broker provider in SA Currency.

We value your feedback: Rate this broker by leaving a comment and rating below this review.

Broker FAQ

Thinking of Trading with BlackBull Markets?

FAQs

Are BlackBull Markets regulated?

It is a fully licensed and regulated broker from FMA in New Zealand and FSA in Seychelles.

Where is the head office of BlackBull Markets located?

They have a main headquarter in Auckland, New Zealand.

How do BlackBull Markets make money?

They normally earn money from commissions, spreads as well as swap rates on certain leveraged overnight positions.

How can you open a live trading account with BlackBull Markets?

Visit the official site, and on the homepage, you will find an option of account opening, which is finished in four simple steps online.

Bottom line

Using BlackBull Markets for the first time will make you feel that this broker has a competitive cost structure and excellent trading execution. It even supports free VPS and has API trading.

With the broader asset selection, a trader can perform successful trading without any pain or regrets. To sum up, BlackBull Markets is a dominant broker for advanced traders with a core and risk-free trading environment.

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