Blackbull.com broker review

BlackBull Markets is a New Zealand-based forex and CFD broker that has been operating since 2014. The broker is regulated by the Financial Markets Authority (FMA) of New Zealand and offers a wide range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. BlackBull Markets also provides a variety of account types, trading platforms, and educational resources to suit the needs of traders of all levels of experience. Let’s dive into the BlackBull Markets review.

Summary Table

Feature

Description

Regulation

Financial Markets Authority (FMA) of New Zealand

Account Types

ECN Standard, ECN Prime, ECN Institutional

Minimum Deposit

$0

Leverage

Up to 1:500

Trading Platforms

MetaTrader 4, MetaTrader 5, TradingView, cTrader, BlackBull CopyTrader, BlackBull Shares

Asset Coverage

Forex pairs, commodities, indices, cryptocurrencies

Spreads

From 0.0 to 0.8

Fees and Commissions

Upto $6 per lot

Customer Support

24/5 live chat, email, phone support

Educational Resources

Webinars, tutorials, articles

Company Overview

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BlackBull Markets is a well-established and reputable forex and CFD broker with a strong track record of providing reliable and secure trading services to its clients. The broker is regulated by the FMA, a tier-1 financial regulator, and is committed to upholding the highest standards of transparency and ethical conduct.

BlackBull Market Account Types and Features

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BlackBull Markets offers a variety of account types to suit the needs of traders of all levels of experience. The Standard account is a good all-around option for most traders, while the Prime account offers lower spreads and faster execution for experienced traders. The ECN account is the most advanced account type and offers direct market access for professional traders.

BlackBull Markets Minimum deposit requirements

The minimum deposit requirement starts from $0. The ECN Standard account requires $0 and the ECN Institutional requires a $20,000 minimum deposit amount.

Leverage options and margin requirements

Typically, the maximum leverage you can employ is determined by the trading instrument and your classification as either a professional or retail trader. Additionally, it is constrained by the regulatory obligations imposed by the broker.

The good news is that with BlackBull Markets, you have the flexibility to utilize high leverage levels, reaching up to 1:500, regardless of whether you are a retail or professional trader. International traders are also eligible for a 1:500 leverage ratio through the Seychelles entity.

This is particularly noteworthy, considering that many global regulatory authorities have significantly reduced the permissible leverage levels. However, the New Zealand authority still provides high maximum leverage ratios. It is important to approach this opportunity with prudence, ensuring that you learn how to use it wisely to avoid introducing excessive risk into your trading endeavors.

Special features and benefits associated with each account type

Each account type has its unique features and benefits. For example, the Prime account offers lower spreads and faster execution, while the ECN account offers direct market access.

How To Open An Account With Blackbull?

Opening an account with BlackBull Markets is a quick and easy process. Simply visit the broker’s website and click on the “Open Account” button to go to the BlackBull Markets login page. You will then be asked to provide some personal information and to choose an account type. Once you have completed the application, you will need to verify your identity and deposit funds into your account.

How To Deposit Money In Blackbull?

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BlackBull Markets deposit methods include credit/debit cards, bank transfers, and e-wallets.

How To Withdraw From Blackbull?

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While there are no fees for deposits at BlackBull Markets, there are some fees for withdrawals. The most popular withdrawal methods are credit cards and bank transfers. If the currency of your base account is USD, you will be charged $5 for a withdrawal.

Trading Platforms

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BlackBull Markets supports the MetaTrader 4 and MetaTrader 5 trading platforms, as well as a web-based trading platform. They have also other 3 trading platforms: cTrader, BlackBull CopyTrader, and BlackBull Shares.

Asset Coverage

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BlackBull Markets offers a wide range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. The broker also offers a variety of CFDs on stocks and ETFs.

Regulatory Compliance and Security

BlackBull Markets is regulated by the FMA of New Zealand, a tier-1 financial regulator. The broker is also a member of the Financial Dispute Resolution Scheme (FDRS), which provides an independent forum for resolving disputes between traders and brokers.

They are also awarded with some prestigious awards for their performance:

  • Best in Class for Offering of Investments 2023 awarded by ForexBrokers.com.
  • Fastest Execution Speeds 2023 awarded by CompareForexBrokers.com
  • Best Copy Trading Broker awarded by Forex Expo Dubai 2023

Fees and Commissions

Black Bull Markets offers competitive spreads and commissions. The broker does not charge any account maintenance fees or inactivity fees. They offer commissions for their two types of accounts: ECN Prime and Institutional. The commissions for these two are US$6.00/lot and US$4.00/lot respectively.

Customer Support

BlackBull Markets offers 24/5 live chat, email, and phone support. The broker’s customer support team is known for its friendly and helpful service.

Educational Resources

BlackBull Markets offers a variety of educational resources, including webinars, tutorials, and articles. The broker’s educational resources are designed to help traders of all levels of experience learn more about the financial markets and improve their trading skills.

Pros and Cons

Pros

  • Regulated by a tier-1 financial regulator
  • Competitive spreads and commissions
  • Wide range of trading instruments
  • Excellent customer support
  • A variety of educational resources

Cons

  • No commission for ECN Standard account

BlackBull Markets Reviews and Client Feedback

BlackBull Markets has a good reputation among its clients. The broker has a 4.5 out of 5-star rating on TrustPilot, based on over 1,000 reviews. Clients praise BlackBull Markets for its low spreads, reliable execution, and excellent customer support.

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Comparison Between Blackbull and Other Brokers

BlackBull Markets is a good choice for traders who are looking for a well-regulated broker with competitive spreads and commissions. Here is the summary comparison between BlackBull, eToro, and Pepperstone. You can read the reviews of the other two companies.

BlackBull

eToro

Pepperstone

Founded in 2014

2007

2010

Android and iOS apps are available

Android and iOS apps are available

Android and iOS apps are available

Forex pairs 72

52

62

Tier-1 licensed

Tier-1 licensed

Tier-1 licensed

No Inactivity fee

Yes

Yes

If Anything Unwanted Happens, Contact Us

BlackBull Markets has a dedicated customer support team that is available to help traders with any issues they may have. But, if you face any problem that is unwanted and cannot get help from their customer service, you can contact us. We will provide you with a free consultation on your current decision.

Report Scammed Bitcoin can help you regarding financial scam cases. Our professionals will provide you with free consultation and recovery service recommendations to help you recover the lost funds. 

Conclusion

BlackBull Markets is a reputable and well-regulated forex and CFD broker that offers a wide range of trading instruments and educational resources. The broker is a good choice for traders of all levels of experience.

If you have lost money to companies like IGM Fxfxpro, or BitForex, please report it today by the bellow form.

    Online Trading Complaint Form


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