BlackBull Markets
7.3

BlackBull Markets

Regulation: FMA New Zealand

Pros
  • Available to residents of New Zealand
  • Provides the full MetaTrader suite (MT4 and MT5)
  • $0 Minimum Deposit
  • Tight Low Spreads
  • Professional and Retail trading options
Cons
  • Relatively limited trading tools
  • The narrow selection of BlackBull’s research and educational content

Reviewed broker: Blackbull Markets

Location: New Zealand

Established in 2014

Regulation:  Financial Markets Authority (FMA) New Zealand

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

Trading Instruments: Stocks, Forex, CFDs

Trading Conditions

ECN: yes

Straight Through Processing (STP): yes

No dealing desk: yes

Segregated accounts: Client funds are kept in segregated accounts for your ease of mind, security and efficiency in processing.

Trading instruments: 300+ of Forex, CFDs, Commodities, Fibre Optic Communications and Fintech solutions for traders globally. Forex, Index CFDs, Commodities, Precious Metals, Energy.

Currency pairs: 64

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.

Good news with BlackBull Markets you are able to use high leverage levels up to 1:500 available for both retail or professional traders.

VPS hosting: For algorithmic traders that want to run their MetaTrader platform 24-7 from a Virtual Private Server (VPS), BlackBull Markets offers VPS service from BeeksFX for a monthly fee. Free VPS service is also available if you deposit at least $2,000 in the ECN Prime account and complete at least 20 standard lots (2,000,000 units worth of trading volume) each month.

Accounts Comparison

BlackBull Markets provides three ECN account types that differ in pricing and minimum deposit requirements.

Compare
Accounts
ECN StandardPerfect for Traders who are just beginningECN PrimePerfect for traders with experienceECN InstitutionalPerfect for high-volume traders
Spreads fromFrom 0.8From 0.1From 0.0
CommissionNo commissionUS$6.00 per lotUS$4.00 per lot
Minimum DepositUS$0US$2,000US$20,000
Equinix ServerNY4/LD5NY4/LD5Custom Options
Minimum Trade Size0.01 lots0.01 lots0.01 lots
Leverageup to 1:500up to 1:500up to 1:500
Swap FreeAvailableAvailableNot Available

BlackBull Markets provides a swap-free / Islamic account that operates in full compliance with Sharia Law. Swap-free accounts are offered as a variant of Standard, Prime and Institutional Accounts.

You can also select different account types based on ownership:

  • Individual account – account is owned by one individual
  • Joint account – account is owned by two or more individuals
  • Company account – account is owned by a legal entity

Regrettably, BlackBull Markets limits its demo account to just 30 days, and it is only available on the MT4 trading platform. While the trading conditions are not identical to a live one, BlackBull Markets should allow for longer than 30 days. Traders may select a demo balance between $5,000 and $100,000.

BlackBull Markets Trading Platforms

BlackBull Markets offers traders the core MT4/MT5 trading platforms, upgraded with the Autochartist plugin, assisting manual traders via automated chart pattern recognition and trading set-ups. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution. MT4 remains the leader in algorithmic trading, but MT4 and MT5 support it, and both have a built-in copy-trading system. BlackBull Markets offers MT4/MT5 as a desktop client, webtrader, and mobile app.

MetaTrader 4

BlackBull Markets provides you with the World-renown MetaTrader 4. Available on all major platforms, you can trade from anywhere at any time. 

BlackBull Markets provides you with the World-renown MetaTrader 4. Available on all major platforms, you can trade from anywhere at any time. The MT4 system is an institutional grade platform, perfect for all traders. With its user-friendly, highly customisable design, MT4 allows you to personalise your trading experience. Packed with features such as near instant execution, interactive charts, technical indicators, and more. Wherever the market moves, you will be able to stay on top of it.

BlackBull Markets connects your MT4 platform to the NY4 Equinix server located on Wall Street, offering you a reliable platform with trades executing as fast as 2-5 milliseconds. The Equinix server allows you to trade directly with the market, using a range of Prime Liquidity providers to give you access to the best bid/ask prices available. With less slippage and tight spreads, you can trade your portfolio faster and more efficiently, enhancing your trading experience.

MT4 also offers support for Expert Advisors (EA). Find a provider that uses a strategy that suits you, and an EA can assist you to reach your trading goals (please note that BlackBull Markets does not supply EA programs to our Clients). There are thousands of free and paid providers that work at different risk levels and varying profitability. MT4 also provides support to MetaScript, so you can create your own EA’s that suit your trading style. These can present you with indicators and alert you to movements in the market, 24 hours a day, 6 days a week, with minimal intervention. We even provide Virtual Private Server (VPS) hosting so you don’t have to worry about your computer turning off.

Key Features:

  • Multiple order types
  • Market Watch Window
  • Navigator Window
  • Pre-installed indicators
  • Analysis tools
  • Multiple chart setups
  • Automated trading
  • Order execution capabilities

BlackBull Markets WebTrader​ 

WebTrader is the online version of MetaTrader 4. It allows users to access their BlackBull Markets MetaTrader 4 account through any web browser and operating system (Windows, Linux, Mac), without needing additional software. You can access your BlackBull Markets account and begin trading instantly. Only an internet connection is required.

Why use WebTrader?

  • All the benefits of the MetaTrader 4 platform 
  • Trade from any device- desktop, laptop, tablet, and switch between devices seamlessly
  • No download required
  • Compatible with any web browser- Google Chrome, Mozilla Firefox, etc
  • All transmitted data is encrypted- trade without worries 

TradingView with BlackBull Markets

TradingView Pro takes your trading to the next level with advanced charting tools including additional indicators per chart, viewing multiple charts per view, and server-side alerts.

Why Trade with BlackBull Trade?

BlackBull Markets is proud to offer our clients the option to trade with BlackBull Trade, a revolutionary new application for mobile and browser trading.

Trade with BlackBull Trade on web and mobile application and take advantage of its versatility, including tools for comprehensive price analysis, expert advisors, and copy trading.

Payment Options with Bull Markets Broker

Minimum deposit requirement: $200 

Depositing funds to your account is easy and as straight forward as possible. We understand that every customer has different needs, so we have made it so that you may use multiple methods to fund your account. Be it credit/debit, bank wire or any other method of your choice, we have it for you.

Deposits accepted in the following Currencies:

  • United States Dollar (USD)
  • Euro (EUR)
  • Great British Pound (GBP)
  • Australian Dollar (AUD)
  • New Zealand Dollar (NZD)
  • Singapore Dollar (SGD)
  • Canadian Dollar (CAD)
  • Japanese Yen (JPY)
  • South African Rand (ZAR)

Aside from Bank Wire (which takes 1-3 days to process), all other payment methods are instant, allowing you to manage your account finances in real time. If you would prefer to deposit your money in your BlackBull Account using a method other than a bank transfer;

Available payment methods: Credit Card Payments (Visa, MasterCard), Skrill*, Neteller**, China Union Pay, FasaPay

*Please note that our Skrill account is a USD account. You can still fund with multiple currency options, but doing so may incur exchange rate fees

**Depositing with Neteller offers multi-currency options for your convenience. The currencies available to you through Neteller are: USD, AUD, EUR, GBP, CAD, JPY and SGD

Customer Support and Educational Material

Customer support is available 24/6 during market opening times. BlackBull maintains a maximum 24hr response.

Forex Market Analysis are available to all the traders.

How was the rating of BlackBull Markets performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on BlackBull Markets FX broker performance and features. 

Overall our online BlackBull Markets review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online BlackBull Markets or you find inaccurate details BlackBull Markets broker review please get in touch with us and the changes will be applied.  

BlackBull Markets Details

Trading Platforms
Account Options
Trading Instruments
Minimum Deposit
Educational Material
Representative Offices

ECN broker with minimum initial deposit $200 USD, provides a swap-free / Islamic account, offers traders the core MT4/MT5 trading platforms, upgraded with the Autochartist plugin.

8.0
Regulation and Security
7.0
Platforms and Features
8.0
Deposit and Withdrawal
6.0
Educational Material
7.3 Overall Rating

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