• Minimum Deposit

    • 0-50
  • Leverage

    • 200:1
    • 100:1
    • 30:1
    • 20:1
    • 500:1
    • 400:1
    • 300:1
  • Regulation

    • FSA
    • NZFMA

Full Breakdown Filters

Full Breakdown

Full Breakdown
Minimum Deposit
Leverage
Regulation
Platforms
Currency Pairs
Contract Sizes
Spreads
Languages
Additional Filters

Overview

In-Depth BlackBull Markets 2022 Review

BlackBull Markets overview

BlackBull Markets is a New Zealand-based forex and CFD broker that offers trading in a wide range of assets, including currency pairs, commodities, indices, shares, and precious metals. The BlackBull Markets company is regulated by the Financial Markets Authority (FMA) in New Zealand and the Financial Services Authority (FSA) in Seychelles.

BlackBull Markets was founded in 2014 and offers a variety of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), its proprietary web trader, and mobile trading apps. In addition, the broker offers leverage of up to 1:500 and a minimum deposit of $50. Along with this, BlackBull Markets also provides its proprietary trading platform that offers a range of features and tools for traders.

BlackBull Markets provides 24/6 multilingual customer support and has a demo account available. However, the company does not disclose how many active clients it has. BlackBull Markets is not publicly traded and does not offer crypto trading. Moreover, BlackBull Markets also offers free demo versions of all its platforms to allow potential clients to test them before committing to a live account.

The BlackBull Markets company has a strong focus on customer support and provides a variety of ways for clients to get in touch, including live chat, email, and phone. BlackBull Markets offers a variety of trading accounts along with swap-free Islamic accounts. The company also provides a managed account service for those who want to have their account managed by a professional trader. Moreover, the spread options are attractive, starting at 0.0 pips on the Institutional account with a $6 commission per lot. BlackBull Markets broker is a regulated firm, and the deposits and withdrawals are processed safely and securely.

BlackBull Markets safety information

As mentioned earlier, BlackBull Markets is a regulated broker licensed by the Financial Market Authority (FMA) in New Zealand and the Financial Services Authority (FSA) in Seychelles. BlackBull Markets offers segregated client accounts and negative balance protection. When a broker provides segregated accounts, your funds are held in a separate account from the company's funds. It provides additional protection for your funds if the broker becomes insolvent.

Negative balance protection at BlackBull Markets is a key feature that ensures you will never owe more than your account balance. It is important because it means you will never lose more money than you have deposited into your account.

BlackBull Markets also offers safety features, including two-factor authentication, SSL encryption, and anti-money laundering (AML) compliance. With AML compliance, BlackBull Markets must verify its clients' identity and report any suspicious activity to the relevant authorities. In addition, BlackBull Markets has also implemented Know Your Customer (KYC), which requires its clients to provide certain documents to verify their identity.

Regarding data safety at BlackBull Markets, they have implemented 256-Bit SSL Encryption which is the industry standard. It ensures that all sensitive data is encrypted and protected from cybercrime. Regarding account security, BlackBull Markets offers two-factor authentication (2FA), which adds an extra layer of protection to your account. 2FA requires you to enter a code that is sent to your mobile phone in addition to your password to log in to your account.

BlackBull Markets fees information

The minimum deposit, leverage, and spreads will differ based on the account type. BlackBull Markets offers three accounts, and the spreads & commissions also change based on the account type you choose. The spreads start from 0.8 pips for the ECN Standard account and go down to 0.0 pips for the institutional account with a commission of $6 per lot. If you go for the BlackBull Markets ECN Standard account, you don't have to pay the commissions as the broker earns from the spread fees.

Moreover, BlackBull Markets don't charge anything on the deposits and withdrawals. However, they charge on withdrawals that depend on your account type and the method you use to transfer the funds.

The minimum withdrawal charges are 5.00 of your base account currency, and BlackBull Markets has not mentioned the maximum withdrawal charges. Regarding inactivity fees, there is no information available on the BlackBull Markets, but you can contact customer support for more information. Overall, the fees charged by BlackBull Markets are average when compared to other brokers in the industry. You can find a detailed fee structure on the BlackBull Markets website.

Spreads information at BlackBull Markets

Spreads in trading are important because they can make a difference in your overall profit and loss. The spread is the difference between the buy price and sales price of an asset, and when you trade, you need to consider what the spread will be. For example, the spreads at BlackBull Markets are pretty attractive, starting at 0.0 pips on the Institutional account with a $6 commission per lot. On the Standard account, the spreads start at 0.8 pips with no commission; on the Prime account, the spreads start at 0.1 pips with a $6 commission per lot.

To sum it up, BlackBull Markets is an excellent choice for those looking for a regulated broker with a strong focus on customer support. The company offers a wide range of assets to trade, along with attractive spreads and leverage options. Moreover, BlackBull Markets charges a small commission on CFD trades, and the deposit and withdrawal process is safe and secure.

Swap information at BlackBull Markets

A swap fee is something a trader pays or earns, depending on the overnight position. The swap rate is determined by the interest rates of the countries involved in each currency pair and whether the position is long or short.

When trading with BlackBull Markets, there are three types of accounts available to choose from Standard, Prime, and Institutional. BlackBull Markets has not mentioned anything about swap-free or Islamic accounts on its website.

For those who don't know, an Islamic account is a particular type of account that some brokers offer to traders who follow the Muslim faith. These accounts are swap-free, meaning no interest is charged or earned on positions held overnight.

Deposit and withdrawal options at BlackBull Markets

BlackBull Markets offer a wide range of deposit and withdrawal options, including bank wire transfer, credit/debit cards, and a variety of e-wallets. The minimum deposit is $50, and the withdrawal processing time is up to 5 business days.

Regarding withdrawal methods at BlackBull markets, it's similar to the deposit process, and you can use bank wire transfer, credit/debit cards, or e-wallets. However, due to their AML compliance, you can only withdraw an amount equal to the deposit amount in certain situations. Moreover, any withdrawals above the initial deposit amount must be made via bank wire transfer. As the amount is kept in a segregated account, your funds are secured with BlackBull Markets.

BlackBull Markets offers leverage of up to 1:500, which is pretty high compared to other brokers. The deposit and withdrawal take from 1 to 5 business days which is decent compared to other brokers. To withdraw money, you need to fill out a withdrawal form available on the BlackBull Markets website. The processing time for withdrawals is up to 5 business days.

With SSL security, both deposits and withdrawals are processed safely and securely. Overall, BlackBull Markets is a decent broker with a good range of features and services.

Moreover, they also have a dedicated FAQ section for fund transfer that is pretty helpful. They've mentioned every important detail regarding the fund transfer at BlackBull Markets. In addition, you can also get in touch with their customer support team in case you have any queries regarding deposits or withdrawals. Below are the details of the minimum deposit required at every account of BlackBull Markets:

● ECN Standard — $50

● ECN Prime — $2,000

● ECN Institutional — $20,000

In addition, BlackBull Markets also offer Islamic accounts with the same deposit and withdrawal options.

Tradable markets on BlackBull Markets

BlackBull Markets offer a wide range of tradable markets, including forex, index and share CFDs, commodities, precious metals, energy, and stock trading. The spreads on the ECN account start from 0.0 pips with a $6 commission per lot. The leverage offered by BlackBull Markets is up to 1:500. Overall, the trading conditions at BlackBull Markets are pretty good.

Regarding the forex pairs, BlackBull Markets offer a decent selection of major, minor, and exotic currency pairs. Some popular BlackBull Markets pairs are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and NZD/USD. The spreads on these pairs start from 0.0 pips with a $6 commission per lot.

BlackBull Markets also offer a good selection of index CFDs, including UK 100, US 30, Germany 30, Japan 225, and Australia 200. The spreads on these index CFDs start from 0.4 pips with no commissions.

BlackBull Markets also offer a decent selection of commodity CFDs, including Gold, Silver, Brent Oil, and WTI Oil. The spreads on these commodity CFDs start from 0.0 pips with a $6 commission per lot.

Regarding stock CFDs, BlackBull Markets offer a decent selection of US, UK, and Australian stocks. The spreads on these stock CFDs start from 1.0 pips with no commissions.

BlackBull Markets offers an excellent selection of tradable markets at competitive spreads. They also provide leverage of up to 1:500, which is pretty high compared to other brokers. In addition, they have the majority of the markets covered with a decent selection of currency pairs, index CFDs, commodity CFDs, and stock CFDs. However, BlackBull markets don't support crypto trading, which can be a downside for some traders.

Leverage information at BlackBull Markets

BlackBull Markets offer leverage of up to 1:500, which is pretty high compared to other brokers. For example, with leverage of 1:500, you can trade with $500 while only putting down $1 as margin.

When using leverage, it's important to remember that your losses can also be magnified. Therefore, it's important to use leverage responsibly and only trade with money you can afford to lose.

BlackBull Markets trading platforms

BlackBull Markets offers a range of trading platforms, including MetaTrader 4, MetaTrader 5, and their proprietary web-based trader. The company also supports mobile trading apps of MT4 and MT5 available for Android and iOS devices. In addition, their proprietary web-based trader is pretty user-friendly and comes with various features and tools. Let's have a look at every trading platform available at BlackBull Markets:

MT4

MetaTrader 4 is one of the forex industry's most excellent and reliable trading platforms. It's a desktop-based platform that comes with a wide range of features and tools. BlackBull Markets offers MT4 for both Windows and Mac operating systems. The company also provides mobile trading apps for Android and iOS devices. In addition, MT4 offers advanced trading features like Expert Advisors, custom indicators, and an extensive back-testing environment. MT4 is the best platform for you if you're into technical trading.

MT5

MetaTrader 5 is the successor of MT4 and comes with a few additional features. It's a desktop-based platform available for Windows and Mac operating systems. BlackBull Markets also offers mobile trading apps for Android and iOS devices. In addition, MetaTrader 5 comes with an improved strategy tester, advanced indicators, and enhanced charting tools. If you're looking for a more advanced trading platform, then MT5 is the right choice.

Proprietary web-based trader

BlackBull Markets' proprietary web-based trader is user-friendly and comes with various features and tools. It's a web-based platform that doesn't require any installation. You can simply log in to your account and start trading. The platform is available in both English and Japanese. It has advanced charting tools, an economic calendar, and a live market news feed. If you're looking for a simple and easy-to-use platform, then BlackBull Markets' web-based trader is the right choice.

The proprietary trading platform of BlackBull Markets is handy for those who want to trade on the go and need customization. Compared to MT4 and MT5, the BlackBull Markets' web trader platform is easy to use.

Mobile trading apps

BlackBull Markets also offers mobile trading apps of MT4 and MT5 for Android and iOS devices. The MT4 and MT5 mobile trading apps are available for free. These apps provide all the features and tools available on the desktop versions. You can simply log in to your account and start trading on the go.

In addition, BlackBull Markets is known for its interactive demo account that is available for free. The demo account of BlackBull Markets comes with a virtual balance, and You can use the demo account to test the features and tools of their trading platforms.

Available accounts on BlackBull Markets

BlackBull Markets offers three trading accounts, including:

ECN Standard account

The ECN Standard account is designed for beginner traders. The account comes with a minimum deposit of $50 and offers spreads from 0.8 pips. You can trade with a leverage of up to 1:500, and there's no commission charged on this account. The BlackBull Markets ECN Standard account spreads are comparatively higher than other ECN accounts.

ECN Prime Account

The ECN Prime account is designed for advanced and professional traders. The account comes with a minimum deposit of $2,000 and offers spreads from 0.1 pips. You can trade with a leverage of up to 1:500, and there's a commission charged on this account. The main advantage of this account is that it offers low spreads, and there's no dealing desk.

ECN Institutional

The ECN institutional account is designed for institutional and professional traders. The account comes with a minimum deposit of $20,000 and offers spreads from 0 pips. You can trade with a leverage of up to 1:500, and a commission of USD 15 per Million is charged on this account. The main advantage of this account is that it offers extremely low spreads, and there's no dealing desk.

How to open an account with BlackBull Markets

To open an account with the BlackBull Markets, follow these simple steps:

● Visit the official website of BlackBull Markets and click on the 'Open an Account button.

● Fill in the online application form with your details.

● Select the account type you want to open.

● Choose your base currency.

● Upload the required documents, and once your account is approved, you can make a deposit and start trading.

BlackBull Markets customer support information

BlackBull Markets offer customer support in multiple languages, including English, Japanese, Chinese, and Spanish. The customer support team is available 24/6 via live chat, email, and telephone. BlackBull Markets support is quite responsive and helpful. Moreover, The company also has an extensive FAQ section covering all the essential topics.

Research tools of BlackBull Markets

BlackBull Markets offers a wide range of research tools and resources that include several advanced features and tools. The research tools of BlackBull Markets are easy to use and available for desktop and mobile platforms. Some of the critical trading tools of BlackBull Markets are:

Autochartist

Autochartist is a handy technical analysis tool that is available for free. It's an automated tool that scans the markets and provides real-time alerts. Autochartist is available for both desktop and mobile platforms. Autochartist helps identify potential trade ideas and market trends, and it's ideal for those who are into technical trading.

Economic calendar

BlackBull Markets' economic calendar is a handy tool that helps in keeping track of all the major economic events. The economic calendar of BlackBull Markets is available for desktop and mobile platforms. The calendar is updated in real-time, and it's pretty user-friendly.

Social trading

BlackBull Markets also offers social trading features that allow you to follow and copy the trades of other successful traders. Social trading is available for both desktop and mobile platforms. The social trading feature of BlackBull Markets is pretty user-friendly, and it's ideal for those new to online trading.

VPS hosting

BlackBull Markets also offers VPS hosting services that allow you to trade with minimum latency. VPS hosting is available for both desktop and mobile platforms. BlackBull Markets' VPS hosting services are pretty user-friendly, and it's ideal for those looking for a fast and reliable trading experience.

FIX API trading

BlackBull Markets also offers FIX API trading that allows you to trade with high-frequency. FIX API trading is available for both desktop and mobile platforms. BlackBull Markets' FIX API services are pretty user-friendly, and it's an excellent choice for those looking for a fast and stable trading experience.

Educational resources at BlackBull Markets

The educational material at BlackBull Markets is quite comprehensive, with various webinars, tutorials, and market analyses available to clients. Overall, BlackBull Markets is a reliable broker that offers a wide range of features and services. Let's look at all educational resources available at BlackBull markets:

Video tutorials

Many video tutorials on the BlackBull Markets website cover a wide range of topics, including how to use the trading platforms, how to place orders, and how to conduct market analysis.

Trading guides

The trading guides at BlackBull Markets are written in a simple and easy-to-understand manner. BlackBull Markets cover many topics, including forex basics, technical analysis, and risk management.

Trading Glossary

The trading glossary at BlackBull Markets is a comprehensive guide covering all the key terms, and concepts traders need to know.

BlackBull Markets review in a nutshell

BlackBull Markets is reliable and regulated forex and CFD broker that offers a wide range of assets for trading. In addition, BlackBull Markets offers a safer way to trade with various account types that offer attractive spreads and leverage. The company also provides 24/6 customer support and has a demo account available. BlackBull Markets is a good choice for those looking for a reliable broker.

FAQs:

What's the mandatory minimum deposit at BlackBull Markets?

The minimum deposit at BlackBull Markets is $50.

What is the maximum leverage at BlackBull Markets?

The maximum leverage at BlackBull Markets is 1:500.

Does BlackBull Markets offer a demo account?

Yes, BlackBull Markets offers a demo account.

Is BlackBull Markets a regulated broker?

Yes, BlackBull Markets is a regulated broker with FMA and FSA.

What are the deposit methods at BlackBull Markets?

The deposit methods at BlackBull Markets are bank wire transfer, credit/debit card, and e-wallets.

What are the withdrawal methods at BlackBull Markets?

The withdrawal methods at BlackBull Markets are similar to the deposit methods, including wire transfer, credit/debit card, and e-wallets.

How do I open an account with BlackBull Markets?

To open an account with BlackBull Markets, you can visit the broker's website and fill out the online form.

Do BlackBull Markets support MT4 & MT5?

Yes, BlackBull Markets supports both MT4 and MT5 trading platforms.

What are the spreads at BlackBull Markets?

The spreads at BlackBull Markets start from 0.0 pips on the institutional account.

What is the minimum trade size at BlackBull Markets?

The minimum trade size at BlackBull Markets is 0.01.

How to contact BlackBull Markets customer support?

You can contact BlackBull Markets customer support through live chat, email, and phone.

Does BlackBull Markets offer educational content?

Yes, BlackBull Markets offers educational content on its website, including articles, videos, market updates, and more.

Can US residents open accounts at BlackBull Markets?

No

How to change my password at BlackBull Markets?

You can change your password at BlackBull Markets by logging into your account and going to the "Settings" tab.

What account types does BlackBull Markets offer?

BlackBull Markets offers multiple accounts, including Standard, Prime, and Institutional.

Full Breakdown Filters

Full Breakdown

Full Breakdown
Minimum Deposit
Leverage
Regulation
Platforms
Currency Pairs
Contract Sizes
Spreads
Languages
Additional Filters

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