Black Bull Markets
- 1 Overview of BlackBull Markets
- 2 BlackBull Markets Regulations
- 3 BlackBull Markets Platforms
- 4 BlackBull Markets Education
- 5 BlackBerry Markets Instruments
- 6 BlackBull Markets Accounts and Fees
- 7 BlackBull Markets Support
- 8 Deposit and withdrawal from BlackBull Markets
- 9 BlackBull Markets funding methods
- 10 Opening BlackBull Markets Accounts
- 11 BlackBull Markets FAQ
- 11.1 What is the BlackBull Markets minimum deposit?
- 11.2 How do I deposit money at BlackBull Markets?
- 11.3 What are BlackBull Markets deposit fees?
- 11.4 How do I withdraw money from BlackBull Markets?
- 11.5 What are the BlackBull Markets withdrawal fees?
- 11.6 What is the BlackBull Markets commission rate?
- 11.7 Are there any BlackBull Markets inactivity fees?
- 11.8 What are the BlackBull Markets account types?
- 11.9 Is there a BlackBull Markets demo account?
- 11.10 What are BlackBull Markets spreads?
- 11.11 What is BlackBull Markets leverage?
- 11.12 What are the BlackBull Markets margin and stop out levels?
- 11.13 Does BlackBull Markets allow hedging, scalping and expert advisors?
- 11.14 Is there an Islamic BlackBull Markets account?
- 11.15 What are BlackBull Markets trading instruments?
- 11.16 How do I open a BlackBull Markets live account?
- 11.17 How do I verify my BlackBull Markets account?
- 11.18 What is the BlackBull Markets trading platform?
- 11.19 Where can I download the BlackBull Markets platform?
- 11.20 Where is BlackBull Markets located?
- 11.21 Is BlackBull Markets regulated?
- 11.22 Which countries does BlackBull Markets accept?
- 11.23 Is BlackBull Markets a scam?
- 11.24 How can I contact BlackBull Markets support?
- 12 BlackBull Markets Summary
Founded in 2014, BlackBull Markets is an award-winning online brokerage based in New Zealand that offers institutional trading conditions to traders worldwide, specializing in Forex and CFDs. They provide clients with easy-to-use trading platforms, tight spreads, low fees, fast trade execution speeds, and excellent customer support.
In this in-depth review of BlackBull Markets, our online brokerage research team has covered some of the most important aspects to consider when choosing the best broker for your online trading needs.
Pros / Cons
- Powerful and easy-to-use trading platforms
- Good selection of trading instruments
- Various account types and funding options
- Narrow spreads and fast execution speeds
- Electronic Communication Network (ECN)
- Direct Processing (STP)
- No-Dealing Desk (NDD) and no new quotes
- Main liquidity providers
- FIX API Trading
- Excelente suporte to or customer
- No US customers
- No fixed spread accounts
Overview of BlackBull Markets
BlackBull Markets was founded in 2014 by a team of experienced professionals with expertise in Forex, fintech development and data security. They have quickly become one of the leading online trading brokers specializing in Forex, Commodities, Indices, Metals, Energies & CFDs.
BlackBull Markets is located in Auckland, New Zealand, which is home to a rapidly growing Fintech industry that is supported by the government.
The growing popularity of BlackBull Markets saw them expand their offices to New York, Kuala Lumpur, Jakarta and London. They pride themselves on operating with the utmost honesty and integrity.
They are a true Electronic Communication Network (ECN) broker with Straight Through Processing (STP) and No-Dealing Desk (NDD), so no conflict of interest.
Global partners include top-tier liquidity providers (LPs) for deep pool liquidity and massive market depth.
This gives traders around the world institutional grade trading conditions with fast execution speeds and tight spreads of just 0,1 pips, backed by excellent 24/6 customer service and support.
Liquidity comes from a number of top international banks such as Goldman Sachs, Credit Suisse, JP Morgan, Merrill Lynch, RBS, SMBC, Commerzbank, Bank of America and BNP Paribas.
The premium trading tools and services they provide have seen them win multiple awards for technology and innovation.
They are one of the fastest growing companies in the entire technology ecosystem, winning the Deloitte Fast 50 award as the fastest growing exporter for Auckland, New Zealand in 2018.
They achieved this through the development of various fintech solutions, including their own internal trade aggregation software.
In addition to institutional-grade products and innovative technologies, clients get personal account managers, daily market updates and analysis, educational resources, trading tools, social trading, VPS, and more.
Market depth allows for up to 100 lot trades per click with 1:500 leverage with proprietary trade order aggregation system implemented to narrow spreads while increasing execution speeds.
They have three state-of-the-art dedicated Equinix servers located as physically close as possible to the top three exchanges for instant market access.
This gives the lowest possible latency for traders located all over the world. There is an ECN Bridge Equinix NY4 located in New York, an ECN Bridge Equinix LD4 in London and an ECN Bridge Equinix TY3 in Tokyo. There are two more Equinix servers in case backups are needed.
BlackBull Markets Regulations
BlackBull Markets Group is registered with the New Zealand Financial Services Provider Registry (FSPR) and is a member of the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme.
The purpose of the FSPR is to increase transparency, provide information about the company and help comply with international AML/CFT obligations.
All companies registered with the FSPR must also be members of an independent dispute resolution scheme. This is to ensure that complaints are dealt with impartially and independently.
Black Bull Group Limited is a registered Financial Services Provider (FSP403326) and holds a Derivatives Issuer License issued by the Financial Markets Authority.
The Financial Markets Authority is the government agency responsible for regulating financial markets in New Zealand.
In addition, they have strict anti-money laundering (AML) and anti-terrorist financing (CFT) policies. This is to ensure that business practices are conducted ethically and honestly.
They are constantly striving to maintain the highest levels of conduct and operating standards with a well-built oversight structure to actively protect investors.
Customer funds are securely held in segregated accounts for quick processing and to ensure they are not used for any other purpose, giving customers peace of mind.
They use ANZ Bank as their banking partner, one of the leading banks in the Australasia region and also with a global presence.
BlackBull Markets have established relationships with ANZ Bank and FSPR to help ensure they maintain the highest level of security for clients. Company files and audits must be submitted each year, with most of this information publicly available and under the oversight of a legal body.
BlackBull Markets Countries
BlackBull markets accept clients from all over the world except some UN sanctioned countries (eg North Korea), USA, Russia, Spain and New Zealand professional investors only.
Some BlackBull Markets broker features and products mentioned in this BlackBull Markets review may not be available to traders in specific countries due to legal restrictions.
BlackBull Markets Platforms
BlackBull Markets uses the popular and acclaimed MetaTrader 4 (MT4) trading platform by MetaQuotes. Virtual Private Servers (VPS) and FIX API Trading are also available.
MT4 is the platform of choice for many traders and levels of expertise. It is known for its user-friendly interface, quick learning curve, and highly customizable features to customize your trading experience.
MT4 features include real-time market quotes, 85 pre-installed technical indicators, tools for chart analysis, multiple chart timeframes, multiple order types, trading strategy templates, automated trading and much more.
BlackBull Markets MT4 is connected to the NY4 Equinix server which is located on Wall Street and can execute trades in 2 to 5 milliseconds.
This server allows you to trade directly on the markets with a wide range of liquidity providers providing the best bid/ask prices available, with less slippage and tight spreads.
MT4 is available for free for desktop (Windows/Mac), web and mobile (iPhone/iPad/ Android/Tablet).
The mobile option is useful if you need convenient full accessibility to your account from anywhere in the world. You can manage orders, enter/exit positions and much more while on the go.
FIX API Trading
BlackBull Markets offers a FIX API option for customers who want to use their own FIX application.
This allows you to bypass the MT4 app and trade with Direct Market Access (DMA), connecting directly to the ECN network.
DMA can increase transaction speed and reduce latency. FIX API trading solutions are available to clients with institutional accounts.
BlackBerry Markets Trading Tools
While they offer the MT4 platform, which has a vast collection of built-in tools, BlackBull Markets does not offer many other built-in standalone trading tools.
Instead, they focus on offering additional services through partnerships with free access available to eligible BlackBull Markets customers.
Private Virtual Servers
BlackBull Markets can provide Virtual Private Server (VPS) hosting connected by fiber optic cable to Equinix Servers, so you can keep the MT4 platform running remotely without having to turn on your computer.
A VPS can be customized to your requirements and reduce latency by up to 30%. They are often used by traders who cannot afford any downtime (99,99% uptime) or who need to run the trading platform 24/7, usually when running an advisor. specialist (EA).
BlackBull Markets clients can qualify for a free VPS as long as they have a main account, a minimum deposit of $2.000 and maintain 20 lots of trading volume per month.
MAM / PAMM
BlackBull Markets offers MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) solutions for money managers who need to execute bulk orders from one master account to multiple other accounts.
The auto trading function of the MAM software is fully customizable to suit your trading requirements and is designed to operate on the MT4 platform.
The PAMM system is also customizable with a central liquidity pool to allocate profits and a cap clause so there are no management fees if the amount drops below the initial investment.
SwipeStox is an online social trading platform where a community of traders discuss everything related to trading in order to help improve their knowledge and skills.
You can copy signals from other traders to get compensation or you can provide your own signals. Through the intuitive user interface, you can access and accept or deny any trades in real time.
BlackBull Markets customers can sign up for free SwipeStox and link their trading account to their SwipeStox account.
PsyQuation can analyze your trades, advising you on weak areas and ways to improve them. You can set goals, control your trades through the dashboard, get useful information and set notifications.
Traders can create a PsyQuation account and link it to their BlackBull Markets MT4 account.
There is an economic calendar widget on the BlackBull Markets website, powered by MetaQuotes. This displays future and historical news events that can be filtered by date. The calendar shows relevant currency, news events and release forecasts.
BlackBull Markets Education
BlackBull Markets has a video tutorial section that includes some basic videos covering topics like using your trading account and how to conduct chart analysis.
The broker also provides some useful trading guides and various market analysis articles every week in the market analysis section.
BlackBerry Markets Instruments
BlackBull Markets provide access to trade a variety of markets, including over 64 major, minor and exotic currency pairs, major market indices, precious metals such as gold and silver, and commodities including energy, gas and oil.
Clients can trade from market open on Monday to market close on Friday, 24 hours a day, 5 days a week. The specific operating hours of brokers differ around the world due to time zone differences.
The foreign exchange market is the largest financial market in the world by daily turnover and value, averaging $5 trillion in exchanges per day.
BlackBull Markets offers over 64 major, minor and exotic currency pairs available for trading 24/5, with flexible leverage up to 1:500, 0,1 pips spreads and institutional trading conditions.
Traders can diversify their portfolio and access global equity markets through a variety of index CFDs including AUS200, GER30, US30, SPX500, UK100 and JPN225.
Indices are a broad market value of specific markets based on the relative value of companies in the market. They are traded as Contracts for Difference (CFDs) and commonly grouped by similar industries.
BlackBull Markets does not charge a commission on CFDs and there are no additional mark-ups or recitations. They can be traded with ultra-low latency and straight through processing on the proprietary trading technology provided.
Traders have access to diversify their portfolio across a variety of commodities including energy, gas and oil. Leverage up to 1:500 is available.
Commodities are primary resources that fall into either hard (eg, gold, silver, and crude oil) or soft (eg, sugar, cocoa, and livestock) categories. Commodities can be affected by political and environmental events.
Traders can trade precious metals such as gold and silver which can help diversify a trading portfolio and are often seen as a safe haven for some. Leverage is flexible, as are minimum trade sizes.
BlackBull markets offer energies such as natural gas and oil with a low-cost pricing model and flexible leverage.
BlackBull Markets Accounts and Fees
Blackberull Markets has a set of flexible trading accounts to suit individual trader needs.
All accounts have a minimum lot size of 0,01, leverage up to 1:500 and access to all trading instruments. Demo accounts are available if you want to test the different trading platforms and conditions before opening a real account.
The accounts provide deep liquidity from multiple banks with raw interbank spreads starting at just 0 pips.
All are compatible with the MT4 platform and have convenient deposit and withdrawal methods. All trading strategies are welcome, including scalping, hedging and automated trading.
High volume traders may be eligible for discounts and a more personalized offer through the active trader account. Islamic friendly accounts that comply with Sharia law are available.
The standard account requires a minimum deposit of $200 and works on the Equinix NY4 server. Spreads start at 0,8 pips and the account has no commissions.
The main account requires a minimum deposit of $2.000 and works on Equinix NY4/LD4/TY3 servers. Spreads start at 0,1 pips and there is a competitive commission fee of $3.
The institutional account requires a minimum deposit of $20.000 and has customizable server options. Spreads start at just 0,0 pips and the commission is negotiable. The higher your trading volume, the better the commission deal you can trade.
As broker fees can vary and change, there may be additional fees that are not listed in this BlackBull Markets review.
It is imperative to verify and understand all the latest information before opening a BlackBull Markets brokerage account for online trading.
BlackBull Markets Support
Customer support is available globally 24/6 via live chat, phone and email. BlackBull Markets aim for a maximum response time of 24 hours.
With global offices, they have representatives in each of the major markets to provide support and answers to general and technical questions. Customers also have personal account managers who are available to help when needed.
Deposit and withdrawal from BlackBull Markets
There is a choice of funding and account withdrawal options to suit every individual, including bank transfer, credit/debit card and online payment processors such as Skrill, fasapay or Neteller. Some methods will be faster and more convenient than others.
BlackBull Markets funding methods
Some fees may apply when using certain payment methods. Bank transfers may take a few business days to clear.
Accounts can be opened in AUD, USD, EUR, GBP, CHF, JPY, NZD, CAD, SGD, HKD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
Opening BlackBull Markets Accounts
Signing up for an account at BlackBull Markets is a quick and easy online process. Just fill in the short form on the website and check your email.
Next, you need to upload your proof of identity and address documents for KYC purposes. Once approved, you can fund your account and start trading.
BlackBull Markets FAQ
What is the BlackBull Markets minimum deposit?
BlackBull Markets requires a minimum deposit to open a trading account. The minimum deposit amount depends on the type of account you want to open.
- Minimum deposit to standard account: $200,00
- Minimum deposit to main account: $2.000,00
- Minimum deposit into institutional account: $20.000,00
After making this initial deposit, your trading account balance can drop below the minimum deposit amount without any penalty and the required minimum deposit is removed for any future deposits.
How do I deposit money at BlackBull Markets?
BlackBull Markets has made depositing into your trading account as easy as possible. You can choose from several deposit methods including bank transfers, credit/debit cards and e-Wallets such as Skrill and Neteller. Whatever your preference, there is a deposit option to suit everyone.
To fund your BlackBull Markets account, you can simply go to the BlackBull customer portal, where you will find several funding methods to choose from. Set the desired value and method and submit.
Bank transfers can take a few business days to clear, while online payment processors can be instant, allowing you to manage your account balance in real-time.
The broker accepts deposits in the following currencies: USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY and ZAR. Remember that the Skrill broker account is in US Dollars, so you may incur exchange fees if you use a different currency. The currencies available through Neteller are: USD, AUD, EUR, GBP, CAD, JPY and SGD.
What are BlackBull Markets deposit fees?
Unlike some other brokers, BlackBull Markets does not charge any deposit fees. The amount of money you are asked to deposit is the amount you will see in your trading account.
How do I withdraw money from BlackBull Markets?
You can withdraw funds from your trading account via the BlackBull Customer Portal. In the Customer Portal, under 'Funding', click on the 'Withdraw Funds' button to start submitting a withdrawal request.
It is important to be aware that during the withdrawal process, if you are using Credit Card, Skrill, FasaPay, Neteller and others, you will only be able to withdraw up to the amount you originally deposited through this method.
This is due to BlackBull Markets' strict AML policies. Any additional profits must be sent by bank transfer to a bank account in your own name.
As with most brokers, they do not accept deposits or withdrawals from third parties.
Credit card and bank transfer withdrawals can take 3-5 business days to clear, while e-Wallets can be deposited into the desired account within 24 hours.
What are the BlackBull Markets withdrawal fees?
The withdrawal fee depends on the withdrawal method being used. Credit card, Neteller, Skrill and international bank transfer have a withdrawal fee of 5,00 of the base currency of the account.
Currency conversion will be according to the exchange rate (+ 2% conversion fee) at the time of withdrawal approval.
What is the BlackBull Markets commission rate?
BlackBull Markets commission rate depends on the type of trading account you have. You can choose between a commission-free account, where the commission is included in the spread, or an account with tighter spreads, which has a small commission fee added to trades.
- ECN standard account: No commission
- ECN Prime Account: Commission is $3,00 per lot ($6,00 per round)
- ECN institutional account: Commission is negotiable
Are there any BlackBull Markets inactivity fees?
BlackBull Markets does not charge any account inactivity fees. Therefore, they will not deduct funds from your account if you do not access it for an extended period of time.
What are the BlackBull Markets account types?
BlackBull Markets has 3 types of accounts to choose from. This is a great way to ensure they can meet the different needs of individual customers. The BlackBull account types are as follows:
- ECN standard account: $200 minimum deposit, spreads from 0,8, no commission
- ECN Prime Account: Minimum Deposit $2.000, Spreads from 0,1, $6 Commission
- ECN institutional account: Minimum Deposit $20.000, Spreads from 0, Negotiable Commission
Is there a BlackBull Markets demo account?
Yes, there is an option to open a demo account from BlackBull Markets. This can be a great way to practice trading online without any risk involved. When opening a demo account, you can choose the type of account (Standard, Prime or Institutional), currency, leverage and starting balance.
What are BlackBull Markets spreads?
When trading a certain instrument online, you will need to pay the broker something called a spread.
This is the difference between the bid and ask prices they provide. Generally speaking, the lower the spreads, the better the price quotes you can get.
BlackBull Markets have very low spreads, starting with just 0 pips.
- ECN standard account: Spreads start at 0,9 pips
- ECN Prime Account: Spreads start at 0,2 pips
- ECN institutional account: Spreads start at 0,0 pips
In order for BlackBull to offer clients the lowest spreads, they use a number of leading liquidity providers, including Bank of America, Goldman Sachs, Citibank, Barclays, RBS, Credit Suisse, Commerzbank, ABN AMRO and BNP Paribas.
When combined with the broker aggregation system, the ECN model ensures that liquidity providers directly compete with each other to help provide clients with the best trading experience and consistently lower spreads.
What is BlackBull Markets leverage?
BlackBull markets have leverage levels that depend on your account equity. These layers are as follows:
- Equity 0 to 50000: 1: 500
- Equity 5.0001 to 100.000: 1: 200
- Equity 100001 to 999999: 1: 100
Trading with leverage allows you to open a larger position size than you would be able to without it.
While this can increase your profit potential, it can also greatly increase your overall risk exposure. Therefore, it is of paramount importance to have a clear understanding of leverage before trading leveraged positions.
What are the BlackBull Markets margin and stop out levels?
When your margin drops below 70%, the broker will issue a margin call notice to top up your funds. As soon as your margin drops below 50%, your trades will automatically close.
Does BlackBull Markets allow hedging, scalping and expert advisors?
Yes, BlackBull Markets declares that all trading styles are welcome, including scalping, hedging and expert advisors (EAs).
Is there an Islamic BlackBull Markets account?
Yes, BlackBull Markets offers Islamic accounts that comply with Sharia law. These are accounts with no swap fees or rollover costs on overnight positions.
If you are signing up for an account, you can select an Islamic account when choosing your account type. If you open an active account in Malaysia or Indonesia, your account will automatically be an Islam compatible account.
What are BlackBull Markets trading instruments?
BlackBull Markets has a generous selection of over 80 trading instruments with institutional grade pricing. Options include over 64 currency pairs, major market indices, precious metals such as gold and silver, and commodities including energy, gas and oil.
How do I open a BlackBull Markets live account?
You can open a live BlackBull Markets account by filling out a short and secure registration form on the broker's website, which can be accessed by clicking “sign up” in the menu.
After completing the form, you will need to click on the verification link in an email sent by the broker. Your application will be reviewed and approved by the account team.
Once confirmed, you can fund your account using any of the free deposit options and then start trading online using the platforms provided.
How do I verify my BlackBull Markets account?
When signing up for an individual trading account at BlackBull Markets, you will need to provide certain documents for verification purposes.
This is a standard part of any broker's KYC and AML procedures. Accepted documents include passports, driver's license, utility bills and bank statements.
What is the BlackBull Markets trading platform?
The BlackBull Markets MetaTrader 4 platform is the leading trading platform. The broker has made this available for free to customers on Windows, Mac, Android and iOS.
They also provide access to the WebTrader platform, so clients can access the markets wherever they have an internet connection.
Where can I download the BlackBull Markets platform?
You can get free instant access to the BlackBull Markets MT4 platform directly from the broker's website or alternatively you can download the MT4 trading app on your iOS or Android mobile device from the app store.
Where is BlackBull Markets located?
BlackBull Markets is headquartered in Auckland, New Zealand. However, they serve a global clientele, with the exception of a few countries.
Is BlackBull Markets regulated?
Yes, as a company offering financial products in New Zealand, BlackBull Markets is registered with the Financial Services Provider Register (FSPR) under number: FSP403326.
Regulations are put in place to protect investors and can help ensure the broker is following the rules and regulations. Therefore, we would always prefer to trade with a regulated broker such as BlackBull Markets.
Which countries does BlackBull Markets accept?
BlackBull Markets cannot accept customers from OFAC sanctioned countries, the United States of America (USA), Spain or any other country or location deemed too risky by its compliance team.
Is BlackBull Markets a scam?
No, BlackBull Markets it's not a fraud. They are regulated brokers with some of the best trading conditions we have seen from any online broker.
How can I contact BlackBull Markets support?
You can contact the BlackBull Markets support team via email, phone or the live chat button on the broker's website.
They are available 24 hours a day, 5 days a week and we find them very helpful in your answers to a variety of different questions.
BlackBull Markets Summary
BlackBull Markets are expanding at a rapid pace, picking up numerous prizes along the way. There is a strong focus on providing exceptional trading conditions with tight spreads, fast execution speeds and competitive rates.
BlackBull Markets provides all clients with an institutional level of treatment, regardless of their experience or investment size. They are constantly promoting and improving their brokerage services for the benefit of their clients.
BlackBull Markets platforms and technologies are among the best in the industry and are available to ensure customers can maintain and grow their competitive edge in global markets.