BlackBull Markets
- Written By thinkforexbrokers
- Updated:
BlackBull Markets operates as a true ECN broker, offering access to over 26,000 financial instruments across a wide range of asset classes, including equities, forex, commodities, CFDs, and more. Traders benefit from institutional-level trading conditions along with responsive and reliable customer support.
In this review, we’ll explore key features of BlackBull Markets that may help you decide whether this broker suits your trading needs. As of June 9th, 2025, BlackBull holds an impressive rating of 4.8 out of 5 on Trustpilot, based on 1,876 customer reviews. Notably, 90% of users gave the broker a 5-star rating, while only 4% left a 1-star review.
BlackBull Markets Overall Summary Table | |
Year Founded | 2014 |
Minimum Deposit | $0 (ECN Standard); $2,000 (ECN Prime); $20,000 (ECN Institutional) |
Tradable Instruments | Forex, Equities, Commodities, Crypto, Indices, Futures |
Open an Account | How to Open an Account at BlackBull Markets |
Trading Costs | Spreads, Fees, and Commissions at Blackbull Markets |
Key Pros and Cons
Before diving deeper, here’s a quick overview of the main advantages and disadvantages of trading with BlackBull Markets:
- Key Pros
- Advanced trading platforms: MT4, MT5, cTrader, TradingView, BlackBull CopyTrader, BlackBull Invest
- A good selection of educational resources
- Various useful trading tools
- Multiple account types & funding options
- Commission-free accounts
- Tight spreads
- Fast execution speeds
- Electronic Communication Network (ECN)
- Swap-free Islamic accounts
- No-Dealing Desk (NDD) order execution and No re-quotes
- Over 26,000 tradable instruments
- Responsive client support team
- Key Cons
- No USA clients
- No fixed spread accounts
- High minimum deposit for ECN Prime and ECN Institutional
- Higher leverage ratios can quickly amass big losses
- No Autochartist or Trading Central
Company Information
The origin of BlackBull Markets 2014
BlackBull Markets, headquartered in Auckland, New Zealand, was established in 2014 with the goal of giving traders easy access to global financial markets through advanced trading platforms like MT4 and MT5. These platforms are available across desktop, web, and mobile devices, allowing for flexible and efficient trading.
The broker supports its clients with a solid range of essential trading tools, educational content, and a responsive customer support team. Operating under a true ECN execution model, BlackBull Markets connects traders directly to the interbank market without any dealing desk interference, ensuring fast and transparent order execution.
When it comes to account funding, the minimum deposit requirements vary depending on the type of live account chosen. However, the ECN Standard account comes with no minimum deposit limit, allowing traders to start with any amount they’re comfortable with.
A renowned award-winning broker 2025
Over time, BlackBull Markets has established itself as a well-regarded ECN broker, now serving thousands of traders in more than 180 countries. While its headquarters remain in New Zealand, the broker has expanded its global presence with representative offices in New York, London, Jakarta, and Kuala Lumpur.
Clients benefit from institutional-level trading conditions, including ultra-low spreads starting from 0.0 pips, rapid execution speeds, no deposit fees, a variety of account types, and competitive trading costs. Notably, BlackBull Markets has received the prestigious Deloitte Fast 50 award multiple times—in 2018, 2019, 2021, and 2024—highlighting its consistent growth and strong industry performance.
BlackBull Markets Group is comprised of the following corporate entities with their respective regulated offices:
Black Bull Group Limited, regulated by the FMA: office address: Level 20, 188 Quay Street, Auckland 1010, New Zealand
BBG Limited, regulated by the FSA: office address: Seychelles
It’s important to note that BlackBull Markets does not provide its services to residents of certain countries. These include North Korea, Russia, Spain, the United States, and several other restricted regions. This limitation is typically due to regulatory or legal restrictions in those jurisdictions.
Catering to Traders Worldwide
One of the impressive features of AvaTrade is its truly global reach, which is something that will appeal to traders all around the world. Their website is configured for over 25 separate countries and regions and supports at least 20 different languages.
Multiple Industry Awards
AvaTrade has won multiple industry accolades from reputable outlets, such as The European, International Business Magazine, FXEmpire, and Daytrading.com.
Why Trade with Blackbull Markets?
Now, let us provide a quick list of the key features that we like about BlackBull Markets.
Aspect | What we like |
Regulation | Transparent broker, regulated in New Zealand and Seychelles by the FMA and FSA respectively. |
Pricing | Low ECN spreads and fair commissions |
Execution | ECN model of execution. Trades are routed directly through the Equinix Fibre Optic Network, which delivers lightning-fast execution on every trade. |
Trading | 26,000 financial instruments across different asset classes, including FX, equities, commodities, crypto, and more. |
Platforms | Advanced trading via platforms like MT4, MT5, cTrader, TradingView and the proprietary BlackBull CopyTrader and BlackBull Invest. |
Customer Support | Responsive client support team who are available 24/7 and can be reached via several convenient contact channels. |
Regulation
BlackBull Markets is authorized and regulated across multiple jurisdictions through different entities within its group structure. The trading name "BlackBull Markets" is officially registered with the New Zealand Financial Services Provider Registry (FSPR) and holds a derivative issuer license issued by the Financial Markets Authority (FMA). The FMA is a government agency responsible for overseeing financial markets in New Zealand and ensuring brokers operate with transparency and fairness.
The broker is also a member of the Financial Services Complaints Limited (FSCL), a New Zealand-based dispute resolution scheme. This membership helps ensure that client complaints are addressed in a transparent, secure, and impartial manner.
Internationally, BlackBull Markets operates through BBG Limited, which is incorporated and regulated by the Financial Services Authority (FSA) of Seychelles. While the FSA provides a legal regulatory structure for global operations, it is generally viewed as less stringent compared to more established regulators like the FCA in the UK or ASIC in Australia.
These regulatory frameworks shape the broker’s operations and offer different levels of oversight and client protection, depending on the jurisdiction under which a trader is registered.
Flag | Region | Entity | Authority | License |
 | New Zealand | BlackBull Markets Group | Financial Markets Authority (FMA) | Licensenumber:FSP403326 |
| Internationally | BBG Limited | Financial Services Authority (FSA) | License number: SD045 |
BlackBull Markets is not regulated by top-tier authorities such as the CFTC, ASIC, or FCA, which limits the range of investor protection tools available to traders outside New Zealand. For example, without CFTC oversight, the broker cannot legally offer services to residents of the United States. Similarly, the absence of FCA regulation means that UK-based clients are not protected under the Financial Services Compensation Scheme (FSCS) in the event that the broker becomes insolvent or fails to meet its financial obligations. This lack of tier-1 regulatory coverage is an important consideration for traders prioritizing strong investor safeguards.
Regulation
3/5
- Multi-jurisdiction regulation develops trust
- Absence of FCA, CFTC, ASIC, and CySEC regulation
KYC Procedure for Account Creation and Depositing
Creating an account with BlackBull Markets is straightforward and can be done in under 5 minutes, although verification may take up to 24 hours. Their account setup follows the standard industry process and includes the following steps:
Setting your login details: Provide a valid email address and choose your preferred password.
Filling out the account opening form: Enter your name, address, city, postcode, phone number, and date of birth.
Choosing a preferred account type: Pick your desired trading platform and account type (ECN Standard, ECN Prime, or ECN Institutional Account).
Confirm your suitability status: You’ll need to provide details about your employment, income sources, and trading experience. Depending on this information, you may proceed to the next step, but if it doesn’t meet the broker’s criteria, your application could be declined.
Agreeing to the terms and conditions: Make sure to check the box at the bottom of the application page to confirm your acceptance of BlackBull Markets’ Terms and Conditions.
Getting your documents verified: You’ll need to submit photos of documents to prove your identity (such as a Driver’s License, International Passport, or National ID) and proof of residency (like a bank statement or utility bill dated within the last three months).
Although creating an account can be done in minutes, verification may take up to 24 hours. Once your account is verified, you’ll need to fund it using one of the available payment methods before you can begin trading.
Account Opening
4/5
- Fast sign up process (up to 5 minutes)
- Sign up includes a suitability test
Account Types
The broker provides three main live account types: ECN Standard Account, ECN Prime Account, and ECN Institutional Account. Traders can select the option that best suits their trading goals and styles. Here’s a closer look at the available account types:
ECN Standard
The ECN Standard account has no minimum entry requirements, making it ideal for beginner traders. It offers low spreads starting at 0.8 pips and leverage up to 1:500. Trades carry no commission, as costs are included in the spreads. This account operates on the Electronic Communications Network (ECN) model, requires no minimum deposit, and runs on the Equinix NY4 server.
ECN Prime
The Prime account is a more advanced trading option at BlackBull Markets, requiring a minimum deposit of $2,000 to start. It’s designed for traders seeking a competitive edge, offering a true ECN experience to maximize trade potential. The account runs on Equinix NY4, LD4, and TY3 servers. Traders benefit from tight spreads starting at 0.1 pips and leverage up to 1:500. A commission of $3 per side ($6 per round trip) applies to trades.
ECN Institutional
The ECN Institutional account is an advanced trading option offering a premium institutional trading experience. It requires a minimum deposit of $20,000 and allows customizable server choices. Spreads start as low as 0.0 pips, with a commission of $2 per lot per side, meaning the round-trip commission is $4 per lot. While it provides the lowest spreads among the three accounts, the ECN Institutional account is best suited for high-volume traders.
Feature | Standard | Raw | Pro |
64+ FX pairs | |||
CFDs on major indices, commodities, metals, and bonds | |||
ECN Execution | |||
Minimum account balance | $0 | $2,000 | $20,000 |
Web and desktop platforms, MT4 and mobile apps | |||
Unlimited free wire transfers | |||
No requotes | |||
Negative balance protection | |||
Fully automated execution | |||
24/7 support | |||
Variable contract sizes (as low as 1 unit) | |||
Joint account | |||
Corporate account |
Islamic Account (Swap-Free)
BlackBull Markets provides swap-free trading on both the ECN Standard and ECN Prime accounts. This Islamic account option is designed for traders who, due to religious beliefs, cannot pay or receive swap fees. While no swaps or interest charges apply on overnight positions, account holders may still be subject to an administration fee on their trades.
Demo Account
The broker offers MT4 and MT5 demo accounts, allowing traders to practice their strategies on various financial instruments without risking real money. These demo accounts help beginners understand how the market works and familiarize themselves with the broker’s trading platforms and tools.
Account Types
4/5
- Three major account types: ECN Standard, ECN Prime, and ECN Institutional
- Islamic Account available
- Demo Account available
Trading Fees and Other Costs
As a trader, it’s important to evaluate a broker’s trading fees and other costs before choosing to trade with them. Like many other CFD and Forex brokers, BlackBull Markets charges two main types of trading fees:
- Trading costs – This covers spreads, commissions, and overnight financing fees.
- Non-trading costs – These include account management fees, deposit and withdrawal charges, and inactivity fees.
Let us take a quick look at the trading fees that are available at Blackbull Markets.
Costs/fees | What is this? | With Blackbull Markets |
Spreads | This refers to the difference between the bid and ask prices, so it is incorporated into the price quotes. If the bid-ask spread is high, it means higher costs. | |
Commission | This refers to a flat fee paid per position. It is an alternative to charging via the spread. | |
Financing charges | This refers to the cost of holding a position active overnight. | The broker will not charge any other fee aside from the standard swap rates. |
Deposit fees | These are the fees the broker charges to fund your account. | No deposit fees |
Withdrawal fees | These are the fees the broker charges to withdraw money from your account. | No withdrawal fees |
Inactivity fees | These are fees the broker charges on dormant accounts. | No inactivity fees |
Spreads
At BlackBull Markets, traders benefit from low ECN spreads across all available live trading account types.
- ECN Standard Account — Spreads start from 0.8 pips with no commission charges.
- ECN Prime Account — Low ECN spreads starting from 0.1 pips, with a commission of $6.0 per round turn.
- ECN Institutional Account — Raw ECN spreads starting from 0.0 pips, with a low commission of $4 per lot per round trip.
Below are the average spreads offered on the three account types for the three most actively traded currency pairs:
Instrument | ECN Standard Account | ECN Prime Account | ECN Institutional Account |
EUR/USD | 0.9 pip | 0.2 pips | 0.1 pips |
GBP/USD | 1.2 pips | 0.5 pips | 0.4 pips |
USD/JPY | 1.2 pips | 0.5 pips | 0.4 pips |
From the above, it’s clear that the average spread on the Standard Account is marked up by 0.46 pips to cover trading costs, as there are no commission charges on that account.
Now, let’s compare the trading costs of the ECN Standard and ECN Prime accounts. We’ll use a 1 Lot trade on EUR/USD, where a one-pip movement equals $10, and assume the trade is opened and closed at the same price. Based on the average spread values, the trading costs are calculated as follows:
ECN Standard Account
- Spread – 0.9 pips
- TOTAL COST – 0.9 x $10 = $9 per side and $18 per round turn
ECN Prime Account
- Spread – 0.2 pips
- Spread cost – 0.2 x $10 = $2 per side and $4 per round turn
- Commission – $3.00 per side and $6.00 per round turn
- TOTAL COST – $4 + $6.0 = $10 per round turn
ECN Institutional Account
- Spread – 0.1 pips
- Spread cost – 0.1 x $10 = $1 per side and $2 per round turn
- Commission – $2.00 per side and $4.00 per round turn
- TOTAL COST – $2 + $4 = $6 per round turn
From the comparison above, it’s evident that the ECN Prime account offers lower trading costs, while the ECN Institutional account provides the most cost-effective option overall. This is due to its tighter spreads and lower commission charges, making it especially suitable for high-volume traders.
Now, let’s compare the average spreads on BlackBull Markets’ Standard Account with those offered by other major brokers for the three most actively traded Forex pairs.
Standard Account vs Pro Account | ||
Instrument | Standard Account | Pro Account |
EUR/USD | 1.2 pips | 0.2 pips |
GBP/USD | 1.3 pips | 0.5 pips |
USD/JPY | 1.3 pips | 0.5 pips |
The table above indicates that the spreads offered by BlackBull Markets’ Standard ECN Account are generally in line with those provided by competitors like IC Markets and Fusion Markets. Additionally, BlackBull tends to offer lower spreads on its no-commission account compared to the standard account offered by IG.
Commissions
No commission is charged on the ECN Standard account. However, for the ECN Prime account, a commission fee of $3.0 per lot per side ($6 per round trip) applies.
The commission fee on the ECN Prime account can be understood as follows:
- A 1 Standard Lot trade (100,000 units) will require you to pay a $6.0 commission to open and close the position;
- A 1 Mini Lot trade (10,000 units) will require you to pay a $0.6 commission to open and close the position;
- A 1 Micro Lot trade (1,000 units) will require you to pay a $0.06 commission to open and close the position.
A $6 round-turn commission on the Prime account is reasonable and comparable to what other brokers charge. However, it’s not the lowest in the industry, as FXTM offers a more competitive $4.00 round-trip commission on its Advantage Account, making it one of the cheapest options among retail brokers. That said, traders who opt for the ECN Institutional account with BlackBull Markets will benefit from even tighter spreads and a reduced round-trip commission of just $4 per lot.
Spreads & Commissions
4/5
- High Standard Account spreads
- Tight Prime and Institutional Account spreads
- Zero standard account commission
- Fair Prime account commission fees
Financing Charges
Like other forex brokers, BlackBull Markets applies swap fees—overnight or rollover interest earned or paid for holding positions overnight. These swap rates are calculated daily by the broker’s financial partners using risk management analysis, so each currency pair has its own specific swap charge. Interest is paid on the currency sold and received on the currency bought.
To view the swap charges for a currency position, log into the MT4 platform and follow these steps:
Locate your product in the ‘Market Watch’ window. Right-click and select ‘Symbols.’
Select the product you wish to view from the list. Select ‘Specifications’.
You can then view the Forex swap rates for long and short positions.
Deposit fees
Withdrawal fees
BlackBull Markets does not charge any withdrawal fees for any of the available payment methods. However, international bank transfers may incur intermediary fees from the sending or receiving banks, but these charges are not imposed by BlackBull Markets.
Inactivity fees
BlackBull Markets does not apply inactivity fees on dormant accounts, unlike many other financial firms that charge fees after extended periods of inactivity.
Inactivity Fees
5/5
- No Inactivity charge
Overall on Fees
BlackBull Markets offers low spreads on the ECN Prime and ECN Institutional accounts, while the Standard ECN account features marked-up spreads. The broker charges reasonable commission fees, and traders do not face any extra costs beyond overnight financing charges.
Overall, BlackBull Markets may not score a perfect mark on fees—the $6 round-turn commission on the ECN Prime account is slightly higher than what some competitors like Fusion Markets charge. However, the high-volume ECN Institutional account offers reduced commissions, making it one of the more cost-effective trading options available online.
Trading Fees and Other Costs
4/5
- Low ECN spreads on all account types
- Competitive commission on the ECN Prime account
- No extra fees on top of standard swap rates
- No non-trading fees
- Commissions are within the range of those of the major competitors
Desktop Trading Platforms
BlackBull Markets provides a solid selection of user-friendly trading platforms that traders can use to access all available financial assets. These platforms include:
MetaTrader 4
BlackBull Markets offers the MT4 trading platform, a popular choice among forex and CFD traders since its launch by MetaQuotes in 2005. Known for its strong security features, MT4 ensures the safety of your transactions and personal data.
The platform features an intuitive user interface that’s easy to navigate. It includes key trading tools like one-click trading, drawing tools, expert advisors, interactive charts, and technical indicators. Thanks to its fully customizable design, traders can tailor MT4 to fit their individual trading preferences.
MT4 is available as a desktop app for Windows and Mac, a web-based version called WebTrader, and a mobile app for Android and iOS devices. The WebTrader lets clients access their MT4 accounts from any operating system—including Windows, Linux, and Mac—through popular browsers like Chrome, Firefox, and Safari. This means traders can use MT4 on any device without needing to download or install software.
MetaTrader 5
MetaTrader 5, launched by MetaQuotes in 2010, is a more advanced trading platform that provides access to a wide range of assets, including actual stocks—not just stock CFDs. It is widely regarded as a top multi-asset platform for traders and investors worldwide, supporting Forex, CFDs, exchange-traded instruments, stocks, and futures.
MT5 offers enhanced charting and trading tools along with expanded options for automated trading. Building on all the features of MT4, it adds advanced capabilities such as 21 timeframes and nine different chart types.
The MT5 platform is available in desktop, web, and mobile versions, giving traders flexible access across devices.
cTrader
cTrader is a robust trading platform developed by Spotware Systems, tailored for both beginner and professional traders. At BlackBull Markets, it offers access to a wide range of markets including Forex, indices, commodities, and stock CFDs. Known for its intuitive design and fast execution, cTrader provides precise order control and in-depth market analysis.
This third-party platform features advanced charting tools, multiple order types, and transparent pricing with full market depth. It also supports automated trading via cTrader Algo, allowing users to create and test custom trading algorithms within the platform. One-click trading, detachable charts, and easy navigation make it a popular choice for traders seeking speed and flexibility.
cTrader is available as a desktop app, web version, and mobile app, enabling traders to manage their accounts and trades from any device.
TradingView
TradingView is a well-known charting and social trading platform that combines advanced market analysis tools with an active trader community. On BlackBull Markets, clients can access real-time data and execute trades directly through TradingView, making it ideal for traders who prefer a visually intuitive interface with integrated research tools.
Built on a cloud-based system, TradingView offers powerful interactive charts, a wide range of indicators, and drawing tools for detailed technical analysis. Users can also create and test custom strategies using Pine Script, the platform’s proprietary scripting language. Its social features allow traders to share ideas and follow others, appealing to those who value collaboration and market insights.
TradingView is available via web browser and mobile app, delivering a smooth trading experience across devices without requiring any software installation.
BlackBull Invest
Black Bull Invest is the broker’s own multi-asset trading platform, designed for investors looking to access global financial markets. It enables clients to trade a wide variety of assets, including shares, options, ETFs, bonds, and other listed securities. Built for both retail and professional investors, the platform offers a solid environment for portfolio management, strategy execution, and detailed market research.
Featuring over 70 order types, Black Bull Invest provides flexible trade management for different market conditions. It also includes advanced analysis tools, real-time charting, and customizable layouts to help users track market trends and make well-informed decisions. Unlike many traditional brokers, Black Bull Invest offers commission-free access to data feeds, so traders can view live prices without extra charges.
Platforms Benefits and Features
- Thousands of markets
- Level II pricing
- Trading robots
- VPS support
- Easy to use
- Superior charting
- Free market data and news
- Education market
Copy-trading with BlackBull Markets
BlackBull Markets offers a dedicated copy trading platform and various copy-trading tools, which include:
BlackBull Invest
BlackBull Copy Trader is a user-friendly social trading platform that lets clients automatically copy trades from top-performing investors. It’s suitable for both beginners and experienced traders, with a simple setup process—just select a strategy provider and allocate your funds. The platform offers real-time performance data to ensure transparency and support informed decision-making.
With a clear fee structure, flexible fund allocation, and ongoing updates on provider activity, BlackBull Copy Trader allows users to follow established strategies without manually placing trades. Integrated into your trading account, it’s accessible via both web and mobile, giving you the flexibility to monitor or adjust your copy settings anytime, anywhere.
ZuluTrade:
ZuluTrade is a globally recognized peer-to-peer social trading platform that allows users to copy the strategies of thousands of skilled currency traders from 192 countries. It features a performance evaluation algorithm called Zulurank, which helps rank traders based on various metrics.
BlackBull Markets clients can use Zulurank along with community feedback to tailor their copy trading experience according to their own preferences and risk tolerance, making it easier to follow strategies that align with their trading goals.
Myfxbook:
Myfxbook is one of the leading social trading platforms, allowing users to share, analyze, track, and compare their trading activity. Traders at BlackBull Markets can use Myfxbook to set up auto-trading by following other traders they believe have a trading advantage. Alternatively, they can position themselves as strategy providers within the network.
The platform is designed with an intuitive user interface, making it accessible to traders of all experience levels. Since BlackBull Markets has partnered with Myfxbook, the broker’s MetaTrader 4 platform is fully integrated with the Myfxbook system. This allows clients to easily create a Myfxbook account and connect it to their BlackBull Markets account without hassle.
Some of the key benefits of using Myfxbook include:
- An innovative and intuitive user interface to keep traders up to date with the market
- A record of competency for Money Managers
- Myfxbook community
- Multiple chart setups
- Allows for automated trading
- Allows customization of trades
- High order execution capabilities
Desktop Platforms
4/5
- MT4/MT5 trading is available
- Multiple advanced trading tools are available
- Copy Trading available via Myfxbook Autotrade and Zulutrade
Mobile Trading Platforms
The broker offers mobile versions of all its trading platforms, giving traders the flexibility to manage their accounts and execute trades while on the move. This adds convenience to the trading experience, as users can access their accounts anytime, anywhere, as long as they have an internet connection.
The mobile apps are compatible with both Android and iOS devices and can be downloaded from the respective app stores. For Android users, the MT4 and MT5 apps require version 5.0 or later, while iOS users need version 12.0 or above.
XM Mobile Trading Platform
Android | iOS | |
Minimum System Requirements | Android 5.0 and up | iOS 12.0 or later |
User Rating | N/A | N/A |
User Reviews | N/A | N/A |
Supported Languages | English, Arabic, Czech, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Slovenian, Spanish, Thai, Turkish, Vietnamese | English, Arabic, Czech, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Slovenian, Spanish, Thai, Turkish, Vietnamese |
Forex Pairs | 60+ | 60+ |
Other Tradable Assets | CFDs on Shares, Shares, Indices, Commodities, and Crypto | CFDs on Shares, Shares, Indices, Commodities, and Crypto |
Features | 4 chart types, 5 chart view options, 8 chart drawings, 65 popular technical indicators, push and email alerts, symbol watchlist | 4 chart types, 5 chart view options, 8 chart drawings, 65 popular technical indicators, push and email alerts, symbol watchlist |
Biometric Authentication | Yes | Yes |
2-Factor Authentication | Yes | Yes |
Mobile Trading
4/5
- Third-party mobile apps for the MT4 and MT5 trading platforms are available
- Apps offer the full functionality of the desktop platform version
- Mobile apps are compatible with Android and iOS devices
Trading Instruments
BlackBull Markets provides access to over 26,000 tradable assets, including more than 64 currency pairs, global indices, precious metals like gold and silver, and commodities such as energy, gas, and oil. The variety of available instruments is comparable to what’s offered by other major brokers like IC Markets and Fusion Markets.
Asset Class | Blackbull Markets | IC Markets | Fusion Markets | |
Forex | 64+ | Fair | 61 | 79 |
Indices | 16+ | Good | 23 | 11 |
Stocks CFDs | 1,800+ | Excellent | 1,600+ | 100+ |
Commodities | 10+ | Fair | 22 | 16 |
Precious Metals | 9 | Okay | 4 | 9 |
Energies | 2 | Okay | 3 | 3 |
Crypto | 20 | Okay | 22 | 13 |
Futures | 16 | Okay | 4 | 0 |
Options | 0 | N/A | 0 | 0 |
In this section, we will take a closer look at the various financial instruments available at BlackBull Markets
Forex
BlackBull Markets gives traders access to highly liquid global FX markets, offering over 64 major, minor, and exotic currency pairs. Thanks to its deep FX liquidity pools, the broker delivers institutional-grade trading conditions.
Forex trading is available across several platforms, including MT4, MT5, TradingView, cTrader, and BlackBull CopyTrader. Clients can also practice with demo accounts to test strategies risk-free. The broker provides low-cost institutional spreads to retail traders, with ECN Prime account spreads starting from as low as 0.1 pips. Average execution speed is around 20 milliseconds. Traders can start with the ECN Standard account using any deposit amount they’re comfortable with, and leverage is available up to 1:500.
Cryptocurrency
BlackBull Markets offers cryptocurrency trading via CFDs, rather than direct ownership of the underlying assets like Bitcoin. This allows traders to speculate on the price movements of various cryptocurrencies without holding the actual coins.
Supported crypto CFDs include popular assets such as Bitcoin, Ethereum, Solana, Ripple, and several other altcoins. Leverage of up to 1:100 is available, enabling traders to open larger positions with a smaller initial investment.
Indices
BlackBull Markets offers a broad range of index CFDs, giving traders access to major global indices like the S&P 500, NASDAQ 100, FTSE 100, DAX 40, and others. These instruments allow traders to gain exposure to entire markets with a single position, and they can choose to go long or short while using leverage.
Index CFDs come with tight spreads and fast execution on the MetaTrader platforms. It’s worth noting that BlackBull Markets does not provide direct investment in indices—these are only available through CFD trading.
Equities CFDs
BlackBull Markets provides access to more than 1,800 stock CFDs, featuring major companies from the US, UK, Europe, and Asia. These CFDs allow traders to speculate on stock price movements without owning the actual shares, with the option to go long or short and use leverage.
Stock CFDs are available on the MT4, MT5, and cTrader platforms, offering competitive spreads and real-time pricing. For those interested in buying and selling actual shares, BlackBull also offers direct share trading through the BlackBull Invest platform, separate from CFD trading.
Commodities
BlackBull Markets enables traders to access a wide range of commodities, including popular options like gold, silver, crude oil, natural gas, and agricultural products such as sugar and soybeans. Trading commodities offers a valuable opportunity to diversify your portfolio.
With leverage of up to 1:500, traders can take larger positions with relatively smaller capital. Commodity trading is available on both the MT4 and MT5 platforms, providing flexibility and fast execution for a broad range of trading strategies.
Energies
BlackBull Markets offers access to energy markets through the MT4 and MT5 trading platforms, featuring a low-cost pricing model and flexible leverage. Clients can trade CFDs on energy commodities such as crude oil, natural gas, gasoline, and heating oil. This provides an opportunity to benefit from price volatility in these vital commodities, which are influenced by various factors, including major geopolitical events.
Precious Metals
With BlackBull Markets, Gold and Silver can be traded at spot prices or via futures. The broker offers CFDs on various precious metals, allowing traders to speculate on price movements or hedge against inflation.
Using a BlackBull Markets MT4 or MT5 trading account, traders can easily open short-term or long-term positions in gold and silver, trade both long and short, and hedge their positions as desired.
Futures
BlackBull Markets offers a variety of futures instruments through MT4, MT5, cTrader, and other third-party and in-house platforms. Traders can access futures CFDs on global indices, commodities, and energies, such as the US Dollar Index, WTI Crude Oil, and the S&P 500. These contracts enable speculative trading without owning the underlying assets. The MT5 platform, with its advanced charting and fast execution, is well-suited for futures traders seeking flexibility and precision.
Traded Instruments
3.5/5
- A vast diversity of tradable asset classes
- Leveraged trading on various instruments
- No cryptocurrency trading
- No Options CFDs
Trade Execution
BlackBull Markets uses the ECN execution model with no dealing desk intervention. This model, applied across all account types, provides direct price quotes with raw interbank market spreads. Trade orders are routed straight to the interbank market. ECN liquidity is a key part of BlackBull Markets’ service, connecting clients directly to the markets. Combined with the broker’s aggregation system, the ECN ensures liquidity providers compete to offer clients the best trading experience.
Other benefits of BlackBull Markets’ ECN Liquidity include:
- Unrivaled depth of market (up to 100 lot trades per click at 1:500 leverage)
- Very low spreads (from 0.0 pips)
- Fewer slippages and failed executions
Additionally, the broker’s multiple fintech solutions, including proprietary in-house trade-order aggregation software, ensure that the cheapest liquidity provider processes each trade in the broker’s system at every instance.
BlackBull Markets’ main trading servers are located in Equinix global data centers within the world’s largest multi-asset electronic trading ecosystem. The broker maintains trading servers across five strategic locations: New York, London, Tokyo, Shanghai, and Hong Kong.
Trade Execution
4/5
- ECN execution with no dealing desk intervention
- Ultra-fast execution speed
- Direct access to various top tier liquidity providers
Deposits
BlackBull Markets supports various deposit methods to make funding accounts easy. Traders can deposit funds in multiple currencies, helping avoid costly currency conversion fees.
Available payment methods for deposits include bank wire, credit cards, and several electronic payment processors. Processing times vary by method—credit cards and online payments are usually instant, while bank transfers may take several days.
Minimum deposit amounts depend on the payment method, with most supporting at least $50. The required deposit also varies by account type: the ECN Standard account allows any deposit amount, the ECN Prime account requires a minimum of $2,000, and the Institutional account requires $20,000. The broker does not charge deposit fees and supports multiple base currencies.
BlackBull Markets does not accept third-party payments; all deposits must be made from accounts under the same name as the trading account. Payments from joint accounts or credit cards may be accepted if the trading account holder is a beneficiary.
The broker’s deposit methods include:
Method | Processing Time |
BPAY | 1-2 days |
POLi Payments | Instant |
Credit/Debit Card | Instant |
JCB | Instant |
Neteller | Instant |
China Union Pay | Instant |
Skrill | Instant |
AstroPay | Instant |
Bank Transfer | Instant |
FasaPay | Instant |
Thailand Instant Bank Wire Transfer | Instant |
Deposits Methods
4/5
- $0 minimum deposit on ECN Standard
- Multiple base currencies
- No deposit fees charged
- Good selection of payment methods
- No deposit bonuses are available
Withdrawal Methods
BlackBull Markets allows clients to withdraw funds online through their secure client portal by selecting the withdraw tab. Traders can choose from various payment options that are also available for deposits, such as bank wire, credit/debit cards, and electronic payment processors. However, withdrawals must be made using the same method that was originally used for depositing funds; for example, if a deposit was made via credit/debit card, the withdrawal must be processed back to that same card. The broker does not charge any internal fees for deposits or withdrawals, but intermediary transfer fees may apply when payments are made to or from overseas banking institutions. To comply with AML and CTF regulations, all withdrawals must be sent to a bank account registered in the same name as the BlackBull Markets trading account holder. Withdrawals to third parties are not allowed.
Withdrawal Methods
4/5
- No withdrawal fees with most payment methods, except international bank transfers
- No third party withdrawals
- Timely withdrawal request processing
Customer Support Contacts
BlackBull Markets has a knowledgeable and polite client support team that responds quickly to clients’ issues. The support is available 24 hours a day, five days a week (Monday to Friday). You can reach them through various channels, including:
Support Contact | Available | Response |
Live Chat | 24/6 | Less than 30 seconds |
Telephone contact | 24/5 | Within several minutes |
Email contact | 24/5 | Within several hours |
Live Chat: The live chat feature offers a quick and efficient way to communicate directly with BlackBull Markets’ support team. You can find the chat icon at the bottom right corner of their website. When you click it, you'll be asked to enter your name and email address, then you can type your message in the larger box to start a real-time conversation with a customer support representative.
Telephone contact: You can also reach BlackBull Markets’ support team in New Zealand by phone between 9 am and 5 pm, Monday to Friday. The contact number provided on their support page is (+64) 9 558 5142. This allows you to speak directly with a representative for assistance during those hours.
Email Contact: You can also send specific inquiries via email to support@thinkforexbrokers.com . The support team is available 24 hours a day, five days a week, to respond to your questions through email. Besides direct contact options, you can also find answers to frequently asked questions on the broker’s Client Support page for quick help.
Client Support:The FAQ section is a comprehensive resource covering the most common questions traders have, with detailed answers. Topics include account management, deposits and withdrawals, trading conditions, changes in trading hours, fund security, MetaTrader 4, and company information. You can easily access the FAQs by clicking on “Support” at the top of BlackBull Markets’ website.
Support Contact
4/5
- Live Chat experience was outstanding
- Extensive FAQs section
- Email support available
Research and Educational Materials
BlackBull Markets offers a solid range of learning resources designed to help traders better understand the markets. These resources typically include educational articles, video tutorials, webinars, trading guides, and market analysis. They aim to support traders of all experience levels by providing insights into trading strategies, market fundamentals, platform usage, and risk management techniques.
BlackBull Markets has a Trading Academy packed with educational materials like articles, guides, and more to help traders boost their knowledge.
There’s also a glossary that explains key trading terms in clear, easy-to-understand language.
They provide video tutorials covering different trading topics, giving you step-by-step visual guides on how to trade using their platform.
The Economic Calendar displays upcoming market events and their expected effects on the financial markets. It helps traders understand what might drive market movements and when significant changes could happen, allowing them to plan their trades around important economic announcements from across the globe.
The broker’s blog features a wide range of trading articles, market reviews, and expert insights. It’s packed with educational content to help traders stay informed about the latest happenings in the financial markets. New posts are added regularly, and older articles are updated to keep the information fresh and relevant.
Ebooks on various trading topics
Research & Education
3.5/5
- Good educational content
- Several video tutorials
- BlackBull Markets education section
- Economic calendar
- Glossary and blog section
Security and Money Guarantees
At bestbrokers.com, we are committed to ensuring that traders trade with only regulated online brokers, and BlackBull Markets is one of such. Our key findings include:
- Several years of business history and innovations
- Award-winning brokerage
To make sure client funds aren’t used for its own operations, BlackBull Markets keeps them safely in segregated accounts with ANZ Bank in New Zealand. This means clients’ money stays protected even if the broker runs into financial trouble.
BlackBull Markets is registered with the New Zealand Financial Services Provider Registry (FSPR) and is part of the Financial Services Complaints Limited (FSCL) dispute resolution scheme, following ethical standards for brokers. It’s regulated by New Zealand’s Financial Markets Authority, which oversees financial market activities in the country.
That said, the broker doesn’t hold regulation from major top-tier authorities like the FCA, CFTC, or ASIC, which might concern some traders. Still, it enforces a strong Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) policy, adhering to international best practices.
Entity | Regulator | Amount covered | Negative Balance Protection |
BlackBull Markets Group | Financial Markets Authority (FMA) | N/A | |
BBG Limited | Financial Services Authority (FSA) | N/A |
Security of funds
3.5/5
- Regulated in different jurisdictions
- Tier-1 regulation is absent
Conclusion
Overall, here at BestBrokers.com, we believe BlackBull Markets provides some of the strongest Forex trading conditions compared to other brokers. Our reasons for this conclusion include:
- Competitive trading costs across all three live trading accounts
- Adequate liquidity
- Flexible leverage
- Reliable trading technology
- Fast trade execution via all of the supported trading platforms
- Award-winning customer support service
- Free education to sharpen your skills
- Fully licensed, operating since 2014
Overall
4/5
- ECN model, which translates into fast execution and improved trust for clients
- Competitive trading costs
- No non-trading costs
- Advanced trading platforms like MT4, MT5, cTrader, TradingView plus copy-trading tools
- Over 26,000 financial assets
