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Overall Score
4.2 /5

Pros

  • 26k+ Assets offered
  • Excellent choice of Trading Platforms
  • Crypto payments available

Cons

  • Withdrawal Fee
  • No Bonus Available
  • Main Regulators: FMA, FSA-S
  • Crypto: Yes
  • Minimum Deposit: $0
  • Average Trading Cost EUR/USD: 1.3 pips
  • Withdrawal Fee: $0
  • Account Opening: 1 Day
Year Established
2014
Headquarters
New Zealand
Traded Assets
26k+
Options
Crypto
Trading Fees
Average to High
Trading Platforms
MT4, MT5, cTrader, TradingView, Prop Platform
Islamic Account
Demo Account
Funding Methods
Bank wire, credit cards, e-wallets, crypto
Tiers 1 Regulators
Tiers 2 Regulators
Negative Balance Protection

Products

Overall Score
4.0 /5

Pros

  • Leverage up to 500:1
  • Copy Trading available
  • Crypto available
  • Real Stocks available
  • Competitive Spreads for high-frequency traders

Cons

  • No Bonds and No ETFS
  • High Trading Fees for Standard accounts

Asset Selection and Leverage

BlackBull Markets provides an outstanding asset selection, ranking it among the top five brokers in the industry.
Forex traders can access over 60 currency pairs, but the standout feature is the extensive offering of over 23,000 equity CFDs and direct share dealing from more than 80 global stock exchanges.
This broad range of instruments is ideal for demanding asset managers and those seeking long-term dividend income.
Additionally, BlackBull Markets has introduced cryptocurrency CFDs.

 
Availability
Forex
Crypto
Stocks
Equity Indices
Precious Metals
Other Commodities
Bonds
ETFs
Real Stocks
Real Bonds
Options
Thematic Indices
Synthetics


BlackBull Markets offers maximum leverage of 500:1 for Forex, gold, and silver traders, while indices and oil are capped at 100:1.
The leverage system follows a three-tier structure, reducing to 200:1 for positions above 0.50 lots and to 100:1 for positions above 1 lot.

Average Trading Spreads (for Standard Accounts)

EUR/USD
1.3 pips
GBP/USD
1.4 pips
USD/JPY
1.3 pips
Gold
$0.9
Bitcoin
$131
S&P 500 Index
5
WTI Crude Oil
$0.03

Platforms

Overall Score
4.5 /5

Pros

  • MT4/MT5 available
  • TradingView platform
  • cTrader available
  • ZuluTrade available

Cons

  • None

A large choice of trading platforms are available for users, accessible via web, desktop, and mobile devices. These platforms include:

Popular External Platforms

The MT4 platform is one of the most popular trading platforms amongst new and established traders.
It offers a comprehensive set of features designed to empower traders with the tools they need to succeed in the dynamic world of financial markets.
From advanced analytical tools to smart trader features and community support, it caters to the diverse needs of traders while providing a seamless trading experience.

 

Key Features:
  • Analytical Tools: The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.
  • Smart Trader Tools: Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.
  • Order Types and Execution Options: Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.
  • Community and Customization: Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

 

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MetaTrader 5 (also known as MT5), is a versatile trading platform, that caters to advanced trading needs, providing access to automated trading systems, technical tools, and copy trading.
Among its notable features are:

  • Diverse Asset Classes: MT5 offers access to a wider range of asset classes, including stocks and commodities, compared to MT4.
  • Advanced Timeframes: MT5 provides additional timeframes for charting, offering more flexibility in analyzing price movements.
  • Enhanced Depth of Market (DOM): MT5 improves the Depth of Market feature, providing a more comprehensive view of market liquidity.
  • Built-in Economic Calendar: MT5 includes a built-in economic calendar, allowing traders to stay updated on key economic events directly from the platform.
  • Advanced Technical Analysis: MT5 introduces more built-in technical indicators and graphical objects for in-depth market analysis.
  • Hedging and Netting: MT5 supports both hedging and netting accounts, offering more flexibility in position management.
  • Improved Strategy Tester: MT5's Strategy Tester offers faster and more efficient backtesting of trading strategies compared to MT4.

 

Key Features
Analytical Tools:

The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.

Smart Trader Tools:

Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.

Order Types and Execution Options:

Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.

Community and Customization:

Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

 

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cTrader, developed by Spotware, is an intuitive trading platform that effortlessly balances simplicity with advanced functionality.
It offers powerful charting tools, sophisticated order entry options, and extensive customization features, making it ideal for both novice and experienced Forex and CFD traders.
Known for its user-friendly interface, cTrader facilitates a transparent trading experience with rapid execution speeds.

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TradingView is a leading platform renowned for its sophisticated charting tools, enabling users to visualize and analyze financial data with precision.
It combines a robust technical analysis suite with an active social network of over 30 million traders, fostering a community where insights and strategies are freely shared.

Ideal for traders of all skill levels, TradingView supports a variety of asset classes including stocks, cryptocurrencies, and Forex.
The platform's user-friendly interface and extensive customization options make it a top choice for real-time market analysis and trading.

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Copy Trading

ZuluTrade is a leading social trading platform that connects traders with top-performing signal providers from around the world.
Through ZuluTrade, users can automatically replicate the trades of experienced traders in their own brokerage accounts.
This innovative platform offers a seamless way for investors to capitalize on the expertise of others and diversify their trading strategies effortlessly.

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BlackBull CopyTrader is an award-winning platform designed to connect traders with elite fund managers who have a track record of success and proven trading strategies.
Clients can copy-trade with confidence on the BlackBull CopyTrader platform, utilizing its advanced risk management features to precisely control how they deploy their funds.

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In-House Platform Offering

BlackBull Invest is a comprehensive trading platform that offers a wide range of investment opportunities, including stocks, ETFs, and cryptocurrencies.
It features advanced tools and resources, providing traders with a seamless and efficient trading experience.

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Accounts

Overall Score
4.5 /5

Pros

  • Competitive Raw Account
  • Smooth and Fast Account Opening
  • Swap-Free available

Cons

  • High Spreads for the Standard Account

Account Types

BlackBull offers a variety of trading accounts, each tailored to meet the diverse needs of different types of traders:

ECN Standard Account
No commission, wider spreads. Preferred by begginer traders.
ECN Prime Account
Competitive spreads with commission fees. Ideal for experienced or high-volume traders.
ECN Institutional Account
Great for those seeking customized solutions and lower commissions.
Swap Free Account
Available for ECN Standard and ECN Prime accounts.
Demo Account
Unfortunately, BlackBull Markets limits its demo account to just 30 days, and it is available only on the MT4 trading platform. Although the trading conditions differ from a live account, extending the demo period beyond 30 days would be beneficial. Traders can choose a demo balance ranging from $5,000 to $100,000.

Account Opening Process

Opening an account at BlackBull Markets is relatively quick and adheres to the standard procedures in the retail Forex industry. Some additional questions may seem unnecessary, as traders can complete them at their discretion without verification of the answers.
BlackBull Markets integrates account verification with the account opening form, a convenient feature that eliminates an extra step from the back office.
New traders are required to submit a copy of their ID and a proof of residency document dated within the past three months.

Account Features

Minimum Deposit
$0
Inactivity Fee
Currency Conversion Fee
Broker commissions
Yes [except for ECN Standard Account]
Hidden Fees
Negative Balance Protection

Deposit and Withdrawal

Overall Score
4.4 /5

Pros

  • Multiple Payment Solutions
  • Crypto wallet deposit available
  • No minimum deposit amount
  • Relatively Fast Withdrawal

Cons

  • Withdrawal Fee

Traders can deposit into their BlackBull Markets trading accounts using bank wires, credit/debit cards, cryptocurrencies and e-wallets including Skrill, Neteller, China Union Pay, and FasaPay.
The flexibility of deposit options at BlackBull Markets is notable, as follow-on deposit amounts remain at the trader's discretion after the initial deposit.

However, the $5 withdrawal fee is a drawback, as most brokers do not impose this charge.
BlackBull Markets processes all withdrawal requests within 24 hours, and the back office efficiently handles all financial transactions through an easy-to-use interface.

Payment Methods

Bank Transfer
Credit/Debit Cards
Electronic Wallets
Crypto Payments

e-wallets

Neteller
Skrill
FasaPay
AstroPay
AIRTM
China Union Pay

Fees and Processing Time

Deposit Fee
Withdrawal Fee
Withdrawal Processing Time
Fast

Trust

Overall Score
4.3 /5

Pros

  • Top-tier regulations
  • Good TrustPilot Score [4.5]

Cons

  • Not many tier-1 regulators

Trading with a regulated broker reduces the risk of fraud and malpractice. It's important for traders to check and verify a broker's regulation with the appropriate regulatory database.
BlackBull Markets operates under two well-regulated subsidiaries. The primary regulator is the New Zealand Financial Markets Authority (FMA), while BBG Limited is authorized by the Seychelles Financial Services Authority (FSA).
Additionally, BlackBull Group UK Limited handles payment clearing services.

Global Regulations
Registration Country
FMA
New Zealand
FSA-S
Seychelles

Customer Xperience

Overall Score
3.5 /5

Pros

  • Great Education Materials
  • Free VPS Hosting
  • Good Customer Support

Cons

  • No Bonus available

Education and Research

BlackBull Markets provides comprehensive educational resources for potential clients to develop the necessary trading skills for success in forex and commodity trading. Their team of analysts offers insights into market fundamentals, technical indicators, and trading strategies, along with a detailed guide on forex trading, covering its advantages, risks, and opportunities.

Traders can access various trading videos and stay informed with timely market analysis from the in-house team. Additionally, BlackBull Markets regularly publishes trading guides and a Trading Glossary to help traders understand key financial and trading terms.

The platform emphasizes the importance of thorough research to trade confidently and profitably, offering an array of valuable trading resources.

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Sweeteners

Bonus
Trading Competitions
Free VPS
EA

Customer Support

Traders can access 24/7 customer support through live chat, considered the most convenient method for immediate connection.
Additional support options include a phone number, with a toll-free line for New Zealand, and almost a dozen email addresses, including one with Chinese support.
BlackBull Markets demonstrates transparency by providing fully detailed contact information.

Many common questions are addressed in the FAQs section, and the products and services are well-explained, meaning most traders may not require additional assistance unless in an emergency.
In such cases, BlackBull Markets ensures a customer service representative is always available.

FAQs
Good
Support Methods
Web,
Live Chat,
Email,
Phone,
Support Hours
24/7
Multiple Languages
English,
French,
Portuguese,
Spanish,
Chinese