• 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
  • Relatively limited trading tools
  • The narrow selection of BlackBull’s research and educational content

Location: New Zealand

Established in 2014

Black Bull Group Limited (trading name: BlackBull Markets) is a New Zealand registered and incorporated company (company number: 5463921).
We are also registered with the Financial Services Provider Register (number: FSP403326).

Black Bull Group UK Limited is registered in United Kingdom, Company Number – 9556804. Payment clearing services provided by: BlackBull Group UK Limited (Company Number – 9556804) Address – 483 Green Lanes, London, Greater London, United Kingdom, N13 485 

BBG Limited is incorporated and regulated by the Financial Services Authority (FSA) of Seychelles

  • 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, also the document requirements when an account is being approved is different since the FMA has a much higher standard.

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.

BlackBull Markets Accounts Comparison

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

Minimum deposit:$200$2,000$20,000
Spreads from:
Minimum Lot size:
Leverage up to:1:5001:5001:500
Commission:No Commission$6.00 per lot per R/T*Negotiable
Equinix Server:NY4NY4Custom options

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 

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 2023 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.  

Leave a Reply

Your email address will not be published. Required fields are marked *

Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2022, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.