BlackBull Review

Broker Information

  • Company Name: BlackBull Markets
  • Founded: 2014
  • Country: New Zealand
  • Phone: +6495585142

Platform Info

  • Platform: MT4
  • Dealing Desk: No
  • Web Based: No
  • Mobile Trading: Yes

Broker Services

  • Regulators: FSPR
  • Minimum Deposit: $200
  • Leverage: 1:500
  • US Clients: No
  • Funding Methods: Bank Transfer, Credit Card, Neteller, Skrill, Union Pay, and RPN Pay
  • Pairs Offered: 50+

BlackBull Markets Review

When it comes to FX / CFD brokers, getting the reputation of your business in good shape is probably the hardest part of what you are looking to achieve.

Reviews can be manipulated, but when it comes to the judgment of the commercial masses, there really is no room for error, and there are no second chances.

However, this is only part of the online trading equation that New Zealand’s BlackBull Markets has obtained. Since 2014 (when brokerage was launched) users have had a lot of time to post good and bad comments, and they did exactly that.

The message boards and the commercial forums are full of comments from users about BBM, and the vast majority of these comments are positive. In fact, most traders review the limit in the ecstatic, extolling the virtues of the configuration of BlackBull.

There are only a handful of negative publications, which focus mainly on the difficulties experienced by some merchants in relation to the verification process and the paperwork they had to present.

The way in which BlackBull Markets operates is a bit peculiar, to say the least. The brokerage is headquartered and regulated in New Zealand, but does not accept clients from the country. However, apart from that, with the exception of EE. UU And a handful of European countries, such as France and Belgium, can access their services from all over the world.

The corporate sponsor of the BlackBull Markets brand is Black Bull Group Limited. Headquartered in New Zealand, Black Bull Group is a registered company (registration number: 5463921), and is authorized and regulated by the Register of Financial Services Providers (under registration number: FSP403326).

Level 22 120, Albert Street, Auckland 1010, New Zealand is the actual address of the company.

However, how can a New Zealand company sell financial services in the EEA? Simple: in addition to its New Zealand headquarters, BlackBull Markets also has a corporate presence in the United Kingdom.

Black Bull Group UK Limited is a registered company in the United Kingdom and uses BlackBull Group UK Ltd for payment compensation.

BlackBull Review

It is likely that this presence in the UK will give the operator the right to accept customers from both Europe and most of the rest of the world.

Why are the BlackBull markets based in New Zealand? – You could ask …

According to the broker’s official website, the stable political climate and the business environment focused on innovation were two main factors in the decision to establish the main corporate headquarters there.

New Zealand is also an emerging seedbed of Fintech and that is also a definite advantage.

Why is BlackBull Markerts an attractive trading destination – above and beyond its nearly spotless reputation and solid regulatory standing?

 The broker offers excellent trading products, account types, superb market coverage and a great, no-nonsense trading platform.

It is also an award-winning broker and it offers outstanding maximum leverage of 1:500 across all its account types.

Trading conditions and execution (ECN/STP execution) are quite superb as well. The minimum deposit requirement of just $200 means that the most basic account of the broker is very accessible.

BlackBull Markets Trading Platform

The only trading platform offered by the broker is MT4 from MetaQuotes, which is possibly the best platform of this type in the business.

You can download several different variants of MT4 for free on the BlackBull Markets website, which covers Windows and Mac machines, as well as mobile systems based on Android and iOS.

Interestingly, the broker has not yet made the variant of the Web Trader platform available.

Experienced traders know MT4 too well. The platform is, in effect, a fully customizable trading environment, which offers excellent graphics capabilities, as well as automated trading through its EAs.

The version of the platform that can be downloaded from the BlackBull Markets website offers no less than 85 technical indicators pre-installed. By being interested in customization, MT4 allows operators to install additional indicators and even create their own from scratch.

The platform supports several types of orders, as well as an impressive number of time frames. The graphics configuration templates can be saved for later use.

A VPS service is available for EAs. For institutional and large-volume investors, who deposit at least $ 20,000, the service is complementary.

Account Types

In addition to a free demo account (for which it is easy and fast to register), and an Islamic account option, the agent has three basic account types.

Of these, the cheapest is the ECN Standard Account, which is obviously aimed at beginners.

As mentioned, the minimum deposit required by this account is $ 200. It is obvious that for that type of money, one will not obtain the best commercial conditions available. Still, what the broker offers in this regard is nothing short of impressive.

The characteristics of the Standard Account start from 0.8 pips on the main currency pairs, such as the EUR / USD.

No commissions are charged on this account and the maximum available leverage is 1: 500.

The Prime Account

offers execution of STP and spreads from only 0.1 pips. The cost of these generous business conditions translates into a commission of $ 6 per lot.


To be eligible for such an account, merchants must deposit at least $ 2,000. In spite of that, this type of account is the most popular of the corridor.

The leverage is 1: 500 in this account version as well.

The Institutional Account is at the top of the account-type list. The minimum required deposit on this one is $20,000.

The spreads start from 0 pips, and the commissions are negotiable. Institutional users are offered MAM/PAMM and white labeling options.

Market Coverage

While the default FX pair selection offered by the broker is impressive enough, the BlackBull markets are very flexible in this regard. Merchants can request access to various crosses and exotic.

You can also market about 6 CFDs based on indexes, along with a handful of metals and energy raw materials.

The most interesting asset class covered by the operator is the cryptocurrency class. In addition to Bitcoin, this class includes Litecoin, Ethereum and DASH as well.

Cryptocurrencies are also traded through CFDs (which are financial derivatives). This means that BlackBull Markets does not sell real cryptocurrencies, since CFDs only offer exposure to the price variations of the underlying asset. No real possession is involved in this type of trade.

Deposit and Withdrawal Options

BlackBull Markets accepts the usual methods of financing accounts. Bank Wire is perhaps the simplest of these, followed by credit cards such as VISA and MasterCard.

Skrill and Neteller have also made the list, along with UnionPay and FasaPay. The processing time of the withdrawal is two days.

BlackBull Markets Support

The most straightforward way to contact BlackBull Markets’ support is through the live chat feature available at the official site.

If a live chat support person cannot be reached, use email (support@blackbullmarkets.com) or phone ((+64) 9 558 5142). 

BlackBull Markets Conclusion

When all is said and done, BlackBull Markets is perhaps the most reputable broker we have reviewed so far. The commercial community only likes these guys and that’s priceless. In fact, the reputation could well be considered the main selling point of this operator.

However, beyond that, let’s not forget that we are dealing with a well-regulated broker here, one that offers excellent trading conditions and great flexibility in terms of leverage, as well as in terms of the assets it offers for trading .

Please note that certain products and / or multiplier levels may not be available to traders in EEA countries due to legal restrictions.

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