In this detailed BlackBull Markets Review, we will review each aspect of the BlackBull Markets broker to see if this broker is a legit broker. Below is the summary of the BlackBull Markets Broker.
Summary
Assets Available | 6 Asset Classes – Forex, Commodities, Equities, Indices, Metals and Cryptocurrencies. |
Regulated By | FMA, FSA |
No. Of Trading Platforms | 6 main trading platforms - TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader and BlackBull Invest |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips (depends on account type) |
Commission | From 0% (depends on account type) |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Provides basic education including trading tutorials, webinars, etc |
Methods of Payment | Visa, Mastercard, Bank Transfer, Airtm, Crypto, Neteller, Skrill, HexoPay, AMEX, SEPA, Poll, PaymentAsia, Help2Pay, FXPay, FasaPay, China Union pay, Boleto, Beeteller, AstroPay |
Open Account |
Broker Background
BlackBull markets is a forex broker that is headquartered in Auckland, Newzealend. BlackBull markets was founded in 2014 by Michael Walker and Selwyn Loekman. BlackBull Markets has served tens of thousands of traders from over 180 countries. Next, we will discuss the trading platforms provided by BlackBull Markets.
Trading Platforms
BlackBull markets provides 6 different trading platforms to trade with. These are TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader and BlackBull Invest.
TradingView
TradingView is one of our favourite trading platform out there. The trading interface that is provided by TradingView is second to none. TradingView only supports few brokers including BlackBull markets. This is a huge plus for BlackBull markets.
If you like trading with TradingView, BlackBull markets is a great broker to choose. The TradingView trading platform supports both web and mobile trading. It also provides a range of indicators and tools to help you analyse the market and execute trades.
MetaTrader 4/5
MetaTrader 4 and 5 trading platforms are great trading platforms specially for algorithmic trading. Like TradingView, MetaTrader 4 and 5 provides all the necessary tools to analyse the market and execute trades. MetaTrader 4/5 supports PC, mobile and web trading.
cTrader
cTrader is a good alternative trading platform. cTrader is not popular as TradingView or MetaTrader trading platform. But, cTrader also provide great tools for trading. cTrader also supports algorithmic trading as well.
BlackBull CopyTrader
BlackBull CopyTrader is an award winning trading platform that links you up with experienced financial advisors who have a history of winning trades and can teach you their trading strategies.
BlackBull Invest
BlackBull Invest is a service offered by BlackBull markets for specifically buying and selling stocks. This platform gives access to more than 26,000 shares.
Instruments Available For Trading
BlackBull markets provides 6 asset classes for trading. These include Forex, Commodities, Equities, Indices, Metals and Cryptocurrencies. Among these asset classes there are 26,000+ tradable instruments. Below, we will discuss more about each of these asset classes.
Forex
Blackbull markets provides traders with a range of forex pairs to trade with. These include majors, crosses and exotics.
Commodities
BlackBull markets provides traders with a range of commodities to trade. These include commodities like oil and gas.
Equities
Blackbull markets provides a vast array of equities for traders to trade with. These include US equities like Apple, Tesla and Amazon. European equities like Airbus and Daimler. And much more.
Indices
BlackBull markets provides a range of indices such as NAS100, US30, SPX500 and much more.
Metals
BlackBull markets provide traders with several metals to trade with. These include gold, silver, platinum and palladium.
Cryptocurrencies
BlackBull markets provides a range of cryptocurrencies that you can trade. These include, Bitcoin, Ethereum and ripple.
Regulations
BlackBull markets is regulated by 2 regulators. These are:
- Financial Markets Authority (FMA) in New Zealand – This is considered a top-tier regulator, offering a strong level of oversight and investor protection.
- Financial Services Authority (FSA) in Seychelles – This is an offshore regulator, generally considered less strict than the FMA.
Account Types
BlackBull markets provides traders with 3 types of accounts. These are ECN standard account, ECN prime account and ECN Institutional account. The following table compares these different types of accounts.
| ECN standard account | ECN prime account | ECN Institutional account | |
| Spreads (pips) | From 0.8 | From 0.1 | From 0.0 |
| Commission | No commission | US$6.00 per lot | US$4.00 per lot |
| Minimum Deposit | US$0 | US$2,000 | US$20,000 |
| Equinix Server | NY4/LD5 | NY4/LD5 | Custom Options |
| Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Swap Free | Available | Available | Not Available |
Commissions And Spreads
The commissions and spreads depends on the account type. For ECN standard account the spreads starts from 0.8 pips and there are no commissions charged. For ECN prime account, the spreads starts from 0.1 pips and the commission charged is $6 per lot. For ECN institutional account, the spreads starts from 0.0 pips and the commission charged is $4 per lot.
Leverage
Blackbull markets provides leverage up to 1:500. This is not the highest leverage provided by a broker but the leverage provided is decent. We generally do not recommend traders trade with high leverage unless the trader is consistently profitable.
Education Provided
Blackbull markets provides a range of educational material for traders. These include forex trading tutorials and webinars. The following figure shows an image of education provided by the BlackBull markets broker.
Minimum Deposit
The minimum deposit required depends on the type of account you open with the BlackBull markets broker. To open a ECN Standard account, you don’t require a minimum deposit. To open a ECN prime account, you require a deposit of $2000. To open a ECN intuitional account, you require a deposit of $20,000.
Awards
BlackBull markets is an award winning broker that has won multiple awards. These include best Forex Broker 2023 by Top forex broker reviews and Best Forex broker 2022 at Forex Expo Dubai 2022.
Methods Of Payment (Deposit and Withdrawal)
BlackBull markets provides traders with a range of deposit and widthdrawal methods. These include Visa, Mastercard, Bank Transfer, Airtm, Crypto, Neteller, Skrill, HexoPay, AMEX, SEPA, Poll, PaymentAsia, Help2Pay, FXPay, FasaPay, China Union pay, Boleto, Beeteller, AstroPay.
Customer Service
Blackbull markets provides traders with 24/7 customer support. You can contact the BlackBull markets broker customer support through phone, email and live chat.
Speed of Trade Execution
BlackBull markets has one of the highest speed of trade execution. BlackBull markets has achieved average execution speeds of less than 75 milliseconds. The following image shows the BlackBull markets trade execution speed compared to other brokers.
Demo Accounts
BlackBull markets does provide traders with demo account. This is good for practicing your trading strategy.
Pros & Cons
| Pros | Cons |
| Tier 1 regulation | Max leverage is only 1:500 |
| Supports Trading View | Average spreads |
| High speed trade executions | |
| Award winning broker |
Is this broker legit?
BlackBull markets is a legit broker who is regulated by a tier 1 regulator in the industry. If you are interested in trading with the BlackBull Market, click the button down below.
Conclusion
In this detailed BlackBull markets review, we reviewed each aspect of the BlackBull market. After the review, we concluded that BlackBull markets is in fact a legit broker that offers great features for traders. If you like trading on TradingView, BlackBull markets is a great broker for you.
