BlackBull Markets Review- Updated 2024
Welcome to this simple and easy-to-understand BlackBull review. If you’re wondering if BlackBull Markets is the right forex broker for you, this review will help answer all your questions.
BlackBull Markets is a forex and CFD broker from New Zealand that has been around since 2014. They provide a range of services for traders of all experience levels.
In this review, we will look at the different features, fees, and trading platforms offered by BlackBull Markets. We will also talk about account types, the minimum deposit, payment methods, and more.
Who is BlackBull Markets?
BlackBull Markets is a broker that offers forex and CFD trading. They are based in Auckland, New Zealand.
This broker uses an ECN model, which means they send your trades directly to the market, with no dealing desk involved.
This makes trading faster and more transparent. The Financial Markets Authority (FMA) in New Zealand regulates BlackBull Markets. The Financial Services Authority (FSA) in Seychelles also regulates it. This makes it a reliable choice for traders.
BlackBull Markets is popular because it offers more than 26,000 tradeable instruments. This includes forex pairs, stocks, metals, indices, energies, and cryptocurrencies. They also offer high leverage of up to 1:500. This is attractive to experienced traders who want to boost their trading power.
Trading Platforms
BlackBull Markets gives traders access to popular trading platforms. They offer MetaTrader 4 (MT4), MetaTrader 5 (MT5), and even cTrader. Users recognize these platforms for their easy-to-use interface and wide range of trading tools. With BlackBull Markets, you can trade on both desktop and mobile devices, making it easy to keep track of your trades on the go.
BlackBull Markets also offers integration with TradingView. TradingView is known for its excellent charting tools and social trading features. If you trade 10 lots per month, you can get a free Premium TradingView plan, which is a great perk for those who like using this platform.
Besides these well-known platforms, BlackBull Markets has its own trading platforms, like BlackBull CopyTrader and BlackBull Invest. These platforms serve the purpose of copy trading and social trading. They make it easy for traders to follow and copy the trades of others.
Account Types
BlackBull Markets offers three main types of trading accounts: ECN Standard, ECN Prime, and ECN Institutional. Let’s take a closer look at each of these account types.
- ECN Standard Account The ECN Standard account is a great choice for beginners. There is no minimum deposit, and the spreads start from 0.8 pips. This account has no commission fees. This makes it easy for new traders to start without worrying about extra costs.
- ECN Prime Account The ECN Prime account is for more experienced traders. The minimum deposit for this account is $2,000. The spreads are lower, starting from 0.1 pips, but there is a commission of $6 per lot traded. This account also comes with Islamic (swap-free) options for traders who follow specific rules for trading.
- ECN Institutional Account The ECN Institutional account is for high-volume traders. It requires a minimum deposit of $20,000, but it offers the lowest spreads, starting from 0.0 pips. The commission is $4 per lot traded. This account is designed for serious traders who trade large volumes and need lower costs.
Minimum Deposit and Payment Methods
One of the best things about BlackBull Markets is that you do not need a minimum deposit to start trading with the Standard account. You can deposit any amount you like, which makes it accessible for traders with different budgets.
BlackBull Markets offers many different payment methods, making deposits and withdrawals easy. You can use credit or debit cards, Neteller, Skrill, bank transfers, and even cryptocurrencies. You must withdraw a minimum of $1, but remember that most payment methods incur a $5 withdrawal fee.
Trading Instruments
BlackBull Markets has a wide range of tradeable instruments. They offer more than 26,000 assets across different categories. Here are some of the instruments you can trade with BlackBull Markets:
- Forex: Major, minor, and exotic currency pairs.
- Metals: Gold, silver, platinum, palladium, and copper.
- Indices: Popular indices like the DAX, Dow Jones, Nasdaq, SP500, and others.
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, and more.
- Stocks: Major U.S. stocks like Tesla, Apple, and Meta.
This wide range of instruments makes BlackBull Markets a great choice for traders who want to trade multiple asset classes all in one place.
Fees and Commissions
The fees and commissions at BlackBull Markets depend on the type of account you have. For the ECN Standard account, there are no commission fees, and spreads start from 0.8 pips. For the ECN Prime account, the spreads are lower, starting from 0.1 pips, but you need to pay a $6 commission per lot. The ECN Institutional account has the lowest spreads (starting from 0.0 pips) and a commission of $4 per lot.
There are no deposit fees with BlackBull Markets, but there is a $5 withdrawal fee. The broker does not charge any inactivity fees, so you won’t face penalties if you stop trading for a while.
BlackBull Markets CopyTrader and Social Trading
BlackBull Markets makes copy trading and social trading easy with its BlackBull CopyTrader platform. This platform allows you to follow and copy the trades of experienced traders. You don’t need to know anything about trading. Just pick a trader to copy, and the platform will handle the rest.
The BlackBull CopyTrader is free to join and use. You do not need a minimum deposit to start copy trading. However, each trader you follow may have their own investment requirements.
Social trading is also available through other platforms supported by BlackBull Markets, like ZuluTrade and MyFXBook. These platforms allow you to copy strategies from other traders and benefit from their experience.
Deposit and Withdrawal Process
Depositing and withdrawing money from BlackBull Markets is simple. You can use several payment methods, including credit and debit cards, Neteller, Skrill, bank transfers, and even cryptocurrency. Deposits are free of charge, but a $5 fee applies to withdrawals. The processing time for deposits is usually instant, while withdrawals can take a few business days.
Customer Support
BlackBull Markets provides 24/7 customer support through live chat, email, and phone. Their customer service team is available to help you with any questions or issues you may have. They offer support in different languages, including English, Spanish, Chinese, French, and Greek. Many traders appreciate the quick response times and helpful service.
Is BlackBull Markets Safe?
When choosing a broker, safety is always a top concern. BlackBull Markets is a regulated broker, and they follow strict guidelines to protect traders’ funds. The Financial Markets Authority (FMA) in New Zealand regulates the broker. The Financial Services Authority (FSA) in Seychelles also regulates it.
BlackBull Markets keeps client funds in separate accounts. This means you do not mix your money with the broker’s funds. This reduces the risk of losing money if something goes wrong with the company. They also provide negative balance protection, which means you won’t lose more money than you have in your live account.
Exness Pros
- Wide range of instruments: Over 26,000 assets, including forex, indices, stocks, metals, and cryptocurrencies.
- No minimum deposit: Start trading with any amount you want.
- ECN model: No dealing desk means faster execution and more transparency.
- Good trading platforms: Offers MT4, MT5, cTrader, and TradingView.
- Copy trading: Use BlackBull CopyTrader to follow experienced traders.
- Regulated broker: Registered with FMA (New Zealand) and FSA (Seychelles).
Exness Cons
- Withdrawal fee: A $5 fee is charged for withdrawals.
- High minimum deposit for Prime and Institutional accounts: $2,000 for Prime and $20,000 for Institutional accounts.
- Limited research and educational content: Basic information available, but less compared to other brokers.
How to Open an Account with BlackBull Markets
Opening an account with BlackBull Markets is easy. You just need to fill out their online registration form. You will need to provide some basic information like your name, email, and address. You will also need to upload proof of identity and proof of residence.
After you approve your account, you can start trading right away. The account approval process is usually quick, and you can expect to get started within a day.
BlackBull Markets for Different Types of Traders
BlackBull Markets is a good choice for both beginners and experienced traders. Beginners will like the ECN Standard account because there are no commission fees, and there is no minimum deposit. They also have access to a demo account to practice trading without risking real money.
Experienced traders will benefit from the ECN Prime and ECN Institutional accounts. These accounts have lower spreads and higher leverage. Traders who need extra tools and features can use the free VPS from BlackBull Markets. This is available if they trade more than 20 lots each month.
Final Thoughts on BlackBull Markets
BlackBull Markets is a solid choice for traders who want access to a wide range of assets, good trading platforms, and competitive fees. The broker is well-regulated, making it a trustworthy option for traders around the world, including the United Kingdom. The ECN model allows for quicker and clearer trades. The different account types help both beginners and experienced traders find what they need.
Their copy trading and social trading options are a great benefit. They let new traders learn by following experienced traders. The lack of a minimum deposit for the Standard account makes it easy for anyone to start trading.
If you want a broker with many options, easy-to-use platforms, and social trading features, consider BlackBull Markets. They have high leverage and strong customer support. They also offer different account types. This makes them a great choice for traders of all experience levels.
frequently asked question
What is the minimum deposit required to open an account?
 The minimum deposit is $0, which means you can start trading without a specific deposit requirement.
What trading platforms are available?
 The available platforms include MetaTrader 4, MetaTrader 5, cTrader, TradingView, and a proprietary CopyTrader platform.
Is copy trading available?
 Yes, copy trading is available through the CopyTrader platform, allowing users to replicate the trades of experienced traders.
What is the maximum leverage offered?
 The highest leverage is 1:500 for currency pairs, metals, and other assets. This depends on the account type and location.
Are there any account types for beginners?
Yes, the Standard account is suitable for beginners, with no minimum deposit and competitive spreads.
What are the available account types?
 There are three main account types: Standard, Prime, and Institutional, each offering different features and pricing.
What are the available account types?
 There are three main account types: Standard, Prime, and Institutional, each offering different features and pricing.
Is there a deposit bonus available?
 There is no deposit bonus. However, there is a referral program. This program lets users earn rewards for bringing in new clients.
Does the broker offer negative balance protection?
Yes, the company offers negative balance protection, which ensures that clients cannot lose more than their deposited funds.
Are Islamic (swap-free) accounts available?
 Yes, Islamic accounts are available for those who wish to trade in compliance with Sharia law.
Which payment methods do you accept for deposits and withdrawals?
 The broker accepts credit and debit cards, bank transfers, Skrill, Neteller, cryptocurrencies, and other local payment options.
What are the spreads like for different account types?
Spreads vary by account type. The Standard account has spreads starting from 0.8 pips, while the Prime account offers spreads from 0.1 pips.
Is there customer support available for traders?
 Yes, customer support is available 24/7 through live chat, email, and phone.
Can I trade cryptocurrencies?
 Yes, cryptocurrency trading is available through CFDs, including popular coins like Bitcoin, Ethereum, and Ripple.
Is there a demo account available?
Yes, demo accounts are available for traders to practice and become familiar with the platform without risking real money.
What is the margin call level?
The margin call level is set at 70%. This means clients must keep enough equity to keep their positions open.
Can I trade using a mobile app?
 Yes, you can use mobile trading. You can find trading platforms for both Android and iOS devices.
Is social trading supported?
 Yes, platforms like ZuluTrade and MyFXBook support social trading, allowing traders to follow and copy others.
Are there fees for inactivity?
 No, there are no inactivity fees, which allows traders to pause their activities without incurring extra charges.
Is the broker regulated?
Yes, authorities in several places, including New Zealand and Seychelles, regulate the broker. This ensures they follow industry standards.
