BlackBull Markets Review

  • Leverage: 1:500

  • Regulation: FMA, FSA

  • Min. Deposit: 0 US$

  • HQ: New Zealand

  • Platforms: MT4, MT5, cTrader, BlackBull Trade, Trading View

  • Found in: 2014

BlackBull Markets Licenses

  • Black Bull Group Limited – authorized by FMA (New Zealand) registration no. FSP403326
  • BBG Limited - authorized by FSA (Seychelles) license no. SD045


  1. What is BlackBull Markets?
  2. BlackBull Markets Pros and Cons
  3. Awards
  4. Is BlackBull Markets safe or a scam?
  5. Leverage
  6. Accounts
  7. Fees
  8. Spreads
  9. Market Instruments
  10. Deposits and Withdrawals
  11. Trading Platform
  12. Customer Support
  13. Education
  14. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years experience in Forex Trading verify full trading offering, fees, platforms, trading licenses, contacted customer service and placed traders to see conditions and give expert opinion about BlackBull

What is BlackBull Markets?

BlackBull Markets is a large Forex Broker and trading firm. The broker enables multiple trading solutions as a financial services provider with proprietary software to aggregate powerful trading performance along with competitive pricing. It began its operation back in 2014 through Auckland New Zealand and combines years of Institutional Forex experience with a focus on resource offering to retail traders.

  • Besides, BlackBull Markets was founded as a prime broker also offering retail trading solutions and maintaining trading facilitates within world trading centers including London, UK, and Malaysia for global exposure.
  • There are numerous possibilities including diverse conditions, and assets to trade, supported by the learning materials and programs for active traders too.
  • Apart from the various solutions for retail traders, there are also professional services for institutional account, money managers along with MAM and PAMM accounts.

BlackBull Markets Pros and Cons

With our finds, we see BlackBull Markets provides quality trading conditions and is a fully regulated broker. It is one of the few brokers with still available high leverage, also provided with good trading environment, good selection of trading platforms offering flexibility, 0$ deposit requirment and some of the lowest spreads based on our research and professional trading overall, plus education and research is on very good level too.

For the Negative points, there is no 24/7 support, and tools might be slightly limited, also conditions may vary based on the entity.

Founded in New Zealand and operating globallyRelatively limited trading tools
Regulated by the FMAInternational offering available through SVG entity
Global industry awardsDocument verification conditions may be different per entity rules
No Minimum Deposit Requirement
Tight Low Spreads
Professional and Retail trading options

BlackBull Markets Website

BlackBull Review Summary in 10 Points
🏢 HeadquartersNew Zealand
🗺️ Regulation and LicenseFMA, FSA
🖥 PlatformsMT4, MT5, cTrader, BlackBull Trade, TradingView, Social trading Myfxbook and ZuluTrade
📉 InstrumentsForex, Index and Single Stock, Crypto CFDs, Commodities, Precious Metals, and Energy
💰 Costs0.9 pips
🎮 Demo AccountAvailable
💳 Minimum deposit0$
💰 Base currencies Various base currencies offered
📚 EducationForex Education and tools on free basis
☎ Customer Support24/7

Overall BlackBull Ranking

With our Expert finds and BlackBull review we consider proposal reliable with quite favorable trading conditions, there are many points that stand BlackBull Markets in front including low fees, high leverage available for all traders and good platforms provided.

  • BlackBull Overall Ranking is 9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingBlackBull MaketsPepperstoneXM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesLow feesPlatformsLow Deposit

BlackBull Alternative Brokers

Being quite competitive and well established Broker we found BlackBull instrument offering mainly limited to Forex and CFDs,  also international entity provides different trading conditions. Even though, spreads, high leverage and education are really good at BlackBull Markets it good to consider other brokers too that might suit your needs beter, see our selection of Alternative Brokers below:

  • eToro – Good for CopyTrading and Cryptocurrency Trading
  • Dukascopy – Excellent for Shares, Futures Trading
  • InteractiveBrokers – Good for Trading of Real Stocks


Actually we found that BlackBull markets is a highly regarded broker, as the clients they serve are mostly happy with the trading conditions and the service provided alike. As well as numerous awards confirming BlackBull Market’s success within the industry and placing them among regarded trading providers for its great technology and innovation.

  • Also, we see along the history good development while before BlackBull mainly focused on ita local market, now it is one of the Global Brokers.

BlackBull Review Awards

Is BlackBull Markets safe or scam?

No, BlackBull is not a scam. It provides low-risk Forex and CFD trading since Black Bull Group Limited known under the trading name BlackBull Markets is a New Zealand registered and incorporated company that is also respectively regulated by the local authority FMA.

In fact, being a regulated broker is somehow a crucial factor, since obligations towards authorities guarantee the company was checked before it was established, complies with necessary laws and model of operation, therefore considered a safe investment firm.

See our conclusion on BlackBull Reliability:

  • Our Ranked BlackBull Markets Trust Score is 8 out 0f 10 for good service along the years, reliable license from FMA in New Zealand. While the only point is International trading available via the offshore entity.
BlackBull Strong PointsBlackBull Weak Points
Regulated by FMA in New ZealandNot listed in Stock Exchange
Segregated Account with Tier BanksInternational Proposal done via Offshore entity
Negative Balance Protection

Is BlackBull Markets regulated?

Registration with the NZ legislation regime announces BlackBull Markets good standing and reliability to its provided services also means BlackBull Markets is a fully legit broker that obliges to the regulatory regime.

  • The broker applies money protection rules and policies, as well provides a qualified service and trading environment, which also compensates clients in case of the company insolvency, as defined by FMA rules.
  • Yet, as we found there is an additional entity based in SVG for the list of countries that don’t have the option to register with FMA they are able to open account and trade under BlackBull Internarnational entity

Even though we do advise staying away from offshore broker, since BlackBull has FMA license we consider it as a reliable option, alsp the document requirements when an account is being approved is different since the FMA has a much higher standard.

BlackBull Markets license

What Leverage does BlackBull Markets offer?

Another important point within our Blackbull Markets Review is offered leverage levels. Usually, maximum leverage defined by the instrument you trade, also the type of trader you are either professional or retail trader, and lastly is restricted according to the regulatory requirements broker obliges to.

  • Good news with BlackBull Markets you are able to use high leverage levels up to 1:500 available for both retail or professional traders.
  • International traders entitled for 1:500 likewise through the Seychelles entity

This are great news indeed, as despite the fact that the majority of world authorities already significantly lower allowed leverage levels, NZ authority still offer high maximum leverage ratios, which also require you to learn how to use it smartly without making trading too risky for you.

Account Types

BlackBull Markets designed three account types all based on ECN execution and offering quite competitive trading conditions through no dealing desk model of operation. With our opinios, BlackBull made indeed a great job with its proposal possibility to traders of different size, portfolio and needs to access its trading rooms. See our negative and positive points below, also accounts comparison:

  • Also, there is specified and defined access for institutional trading and professionals where all conditions are tailored and sustained as per request. Active traders may also find tailored solutions and additional services to enhance capabilities, alike VPS hosting, advanced reporting, rebate programs and so.
Three Account types based on ECN connectivityNone
Islamic Accounts
Fast Account Opening
Demo Account
Professional Account, Institutional account, Active Trader Account

How to open Account

BlackBull Account opening is a fully digital process, which is easy guided step by step on how to obtain access and activate your trading specified conditions. See account opening steps below:

  1. Access BlackBull Markets Sign In page
  2. Enter your personal data First and Last Name, Country of residence, email, phone, etc. Also, you may use Facebook or Google existing account.
  3. Choose the account type of your preference and specify your trading experience
  4. Verify your account through email, upload proof of ID, address and other documents
  5. Get access to your trading and account area with active logit to Demo account
  6. Follow with first deposit


BlackBull Markets Account Types

Trading Instruments

BlackBull Markets brings exposure to various markets available around the globe and including over 64 currency pairs, Forex, indices, metals, commodities, energies, crypto CFDs, etc.  This range is a quite good one, as it includes popular trading instruments to diversify your portfolio, especially considering good cost strategy and inbuilt proposal, which we will see further in our BlackBull Markets Review.

Can you trade Crypto on BlackBull markets?

Based on our finding BlackBull does not offer wide range of Crypto trading so far, there are some CFDs but range is not wide mainly offering most popular instruments like Bitcoin, ETH, XRP, LTC so if you wish to trade Cryptocurrencies follow our link to see other brokers with wider selection.

  • BlackBull Markets Instrument Score is 7 out 0f 10 for good trading instrument proposal mainly for Forex and CFDs, yet the range is different based on entity, also Cryptos are only few offered on CFD basis.

BlackBull Markets Instruments


BlackBull trading costs consistent of regular spread or commission charges based on the instrument you select to trade, also to see full picture you should consider rollover or swaps, also non-trading fees, like deposit fee or additional charges that might be applicable.

  • BlackBull Fees are ranked low with overall rating 9 out of 10 based on our testing and compared to over 500 other brokers. We rank it overall a very good proposal considering spreads are among lowest in industry. Yet, fees might be different based on entity offering, see our findings of fees and pricing in the table below.
FeesBlackBull FeesFXTM FeesAvaTrade Fees
Deposit feeNoNoNo
Withdrawal FeeYesYesNo
Inactivity feeNoYesYes
Fee rankingAverageAverageLow

Trading Rollover

Also, always count on swap or rollover fees charged for positions held longer than a day. Besides, BlackBull Markets maintains offering suitable for traders following Sharia rules known as Islamic Swap-free accounts, so that global investors may find suitable conditions.

BlackBull Markets Islamic account

BlackBull Markets Spread

AT BalckBull Markets you can choose the most suitable option according to your trading style either with all costs included into spread, more suitable for beginning or regular-size traders through ECN Standard account with spreads from 0.8 pips. While Active or professionals traders will better use ECN Prime account with raw spreads from 0.1 pips and a commission charge $6 per trade.

As well you may see more spread examples below and compare fees to another popular broker Pepperstone or other competition shown on the table below.

  • BlackBull Spreads are ranked low with overall rating 10 out of 10 based on our testing comparison to other brokers. We mark Forex spread much lower than the industry average of 1.2 pips for EURUSD and most of the time stands at 0.2pips for ECN Trading, and spreads for other instruments are very good proposal too, also considering availability of high leverage it all makes BlackBull very attractive Broker
Asset/ PairBlackBull SpreadFXTM SpreadAvaTrade Spread
EUR USD Spread0.9 pips1.5 pips1.3 pips
Crude Oil WTI Spread6 pips9 pips3 pips
Gold Spread25940

BlackBull Markets ECN Spread Review:

BlackBull Markets Spread

What Deposits and Withdrawals BlackBull Markets use?

BlackBull Markets being a regulated broker offers a good range of secure funding solutions and keeps money according to trust, safety and confidence with Top tier segregated Bank accounts. However, always make sure to verify according to your residence what conditions and methods are applicable to you, or some rules that may vary.

  • BlackBull Markets Funding Methods we ranked Good with overall rating 9 out of 10. There is No Minimum deposit, yet Fees are either none or very small also allowing to benefit from various account based currencies and local deposits availabile in some regions.

Here are some good and negative points for BlackBull funding methods found:

BlackBull AdvantageBlackBull Disadvantage
Minimum deposit – 0$ 5$ withdrawal fee
Most common payment methods supported Conditions vary in each entity
Free of charge deposit
Local Deposits available in some regions
Wide range of payment methods

Deposit Methods

BlackBull Markets allows fund deposits and withdrawals through various methods including following ones and more based on entity conditions as we found, also you may choose a base currency for your account for easy transfers and no conversion fees.

  • Credit Card,
  • Bank wires
  • e-wallets like Skrill, Neteller and FasaPay
  • Crypto

Minimum deposit

Based on our findings BlackBull removed a minimum deposit requirement, while before is was 200$ and then was lowered to 50$ now minimum deposit is $0 for the ECN Standard account, yet requirement based on account type you select, alike next grade ECN Prime will require 2,000$ as a first deposit.

BlackBull Markets minimum deposit vs other brokers

BlackBull Markets Most Other Brokers
Minimum Deposit $0 $500


BlackBull Markets does not charge any fees for deposits, withdrawal options widely available including most used Bank Transfers, Cards, e-payments and Crypto Payments, yet there are some small charges for withdrawals applied, see our finds below. Withdrawing of money will cost you 5 base currency, 5$ if your base account currency is in US$.

BlackBull Markets Withdrawal

How long does it take to withdraw money from BlackBull Markets?

To withdraw funds from your BlackBull account you simply should login to your account area or a Client Portal and submit a request. Under the section ‘Funding’ click tab Withdraw Funds, submit all the required data, allow BlackBull to process the request within 1-2 business days and then your payment provider will ad funds to the chosen method.


Trading Platforms

The platform offering as a part of the BlackBull Markets Review shows us a choice between industry leader MetaTrader4 and its next version MetaTrader5. Both offer a super convenient option between powerful conditions and user-friendly interface, both are suitable either for beginners or professionals making software a pleasant partner in your trading journey.

Also, BlackBull Markets’ clients can now trade on cTrader and proprietary software BlackBull Trade and Invest suitable for various trading needs. TradingView the world’s leading charting and social trading platform which was added recently by the broker to evolve the proposal

  • BlackBull Markets Platform are ranked Excellent with overall rating 10 out of 10 compared to over 500 other brokers. We mark it as excellent for good offering of market leading trading software and platform, included social trading and constant development of the offering adding TradingView, cTrader and developing its own software. Also, all provided with good research and excellent tools

Trading Platform Comparison to Other Brokers:
PlatformsBlackBull Markets PlatformsPepperstone PlatformseToro Platforms
Own PlatformYesYesYes
Mobile AppsYesYesYes

Web Trading

Both BlackBull platforms feature versions suitable for any device either PC, MAC or tablet, mobile devices together with web-version accessible right from the browser. While Web Trading is a little limited in its tools compared to desktop version it still offers the most important point which are needed in every day trading, see our snapshot of platform below

  • The look is clear and good to analyze, which MT4 and 5, also cTraders technology is famous for, BlackBull own trading software is quite full of capabilities and charting tools too also together with unparalleled BlackBull markets trading solutions and heavy investment in innovation you can make the most out of the trading performance.
  • Also, BlackBull made it possible to use extra benefits from VPS servers and additional FIX API Trading capability so you always having the option to deploy your strategy at the best.

Mobile Trading Platform

Definitely nowadays it is almost impossible to imagine trading without a mobile trading platform, as it allows you to monitor and stay updated with the situation whenever you are. BlackBull Markets Mobile platform also will please you with a range of technical analysis and chart option features it offers as we liked it too


While there is no need to go deep into the specification of each platform, generally we must say a BlackBull platform is a great software for manual either automatic trading. There is no restrictions for use of EAs if you select MetaTrader, neither scalping nor hedging strategies so with BlackBull technology of execution and comprehensive education you may get the maximum, all depending on you.

Moreover, you may access social trading through leading software including ZuluTrade and Myfxbook.
BlackBull Markets Trading Platform

Customer Support

In terms of Customer Support BlackBull made it as comfortable as possible so that its traders will be supported and satisfied at any step.

You may refer to the support with any concern or question you may have and also count on a quality service while the support team accessible via Live Chat, International Phone Lines and email also supporting world centers.

  • Customer Support in BlackBull is ranked Excellent with overall rating 9 out of 10 based on our testing. We got fast and knowledgeable respond,  also quite easy to reach during the working days with our opinion

See our find and Ranking on Customer Service Quality:

High Customer Support ratingNo 24/7 service
International languages supported
Skilled team, appropriate answers
Live Chat, email, Phones

BlackBull Markets Education

Along with its advanced and quite competitive trading offering as we discover in our review, BlackBull also supports educational resources suitable for traders of different levels.

In education section there are good quality trading videos, guides and trading glossary where you can find good-quality information. Also, to support ongoing trading process BlackBull Markets runs its Trading Blog with market overview, analysis and research materials.

Packed Research tools provided by both advanced MetaTrader capabilities also with technical analysis, trading ideas and other capabilities, including leading providers like Autochartist all available at BlackBull.

  • BlackBull Education ranked with overall rating 9 out of 10 based on our research. We found good quality Education Materials and advanced research tools, besides Broker cooperates with market leading providers of data which is a great plus for traders

BlackBull Education

BlackBull Review Conclusion

Overall, BlackBull Markets offers a comprehensive offering to various traders around the globe. Together with its regulated environment we also found advanced capabilities with competitive conditions among market offerings and is one of the brokers allowing high leverage ratios.

Different trading styles are supported offering good technology to use with comprehensive choice of platform or program trading, all provided with good range of accounts and very low spreads, so with our opinion, BlackBull Markets is definitely a broker to consider.

Based on Our findings and Financial Expert Opinion BlackBull Markets is Good for:

  • Beginning Traders
  • Professional Traders
  • Traders who prefer MT4 or MT5 platform, cTrader with TradingView access
  • TradingView, ZuluTrade, myfxbook Copy Trading
  • High Leverage Strategies and Trading
  • EAs running
  • Copy Trading
  • Algorithmic or API Traders
  • Currency Trading and CFD Trading
  • Suitable for a Variety of Trading Strategies
  • Scalping / Hedging

No news available.

23 responses to “BlackBull Markets”

    • Hi Abraham,

      Thank you for your question!

      Unfortunately, we do not have offices in Nigeria but you are welcome to visit us at our headquarters in Auckland, New Zealand.

      Kind regards,
      Customer Experience Team | BlackBull Markets

    • Hi Mhina,

      Unfortunately, there are no deposit bonuses at this time.

      Please feel free to contact us if you require any further assistance.

      Kind regards,
      Customer Experience Team | BlackBull Markets

  1. This company almost made me lose over $55000 to their inconspicuous strategies. Thank God I quickly reported my case to codecyberian, an asset recovery expert on Instagram who helped me get my money back.

    • Hi Travis,

      Please note that we do not tolerate or engage with spam or promotional content. We are here to assist if you have genuine inquiries about our services. However, we will not address or endorse unrelated advertisements. Thank you for your understanding.

      Kind regards,

      BlackBull Markets

    • Hi Titus,

      Thank you for taking the time to share your question.

      Certainly, I’ve provided the link to register on our website:

      Feel free to contact us if you need any further assistance.

      Kind regards,
      Customer Experience Team | BlackBull Markets

    • Hi William,

      Thank you for taking the time to post your review!

      It is really encouraging to see that you enjoy our platform and that you have received excellent service.

      Please feel free to reach out to us if you require any further assistance.

      Kind regards,
      Nicolas & Customer Experience Team | BlackBull Markets

  2. Hi Kevin, we are registered under FMA (New Zealand) & FSA (Seychelles) licenses. We offer over 23k+ tradeable instruments, including Forex, Stocks, Commodities, Indicies etc. but unfortunately, we do not provide Binary options. For more information, please visit our official website, where we offer Live Chat support 24/6.

    • Hi Kevin,

      Thanks for reaching out.

      We are regulated by the FSA, which allows us to on-board traders from Singapore.

      No we don’t offer Binary options.

      Please feel free to reach out if you require anymore assistance.

      Kind regards.

  3. Hell no, any recommendation from Gary Strong is bound to be an absolute disaster, he’s one of the biggest scammers known to man. I suspect Jill is actually him trying to make himself look popular ( again).
    Jill doth profess her gratitude to Gary Strong a little too vigorously considering the review has nothing to do with him.

  4. I was introduced to BlackBull Markets by Gary Strong. It’s known for began its multiple trading solutions with proprietary software to aggregate powerful trading performance along with competitive pricing.

    I needed access to currency pairs, Forex, indices, metals, commodities, energies, etc.

    I have used this company for 5 years.

    Thank you Gary Strong for the recommendation

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