BlackBull Markets Review – an Award-Winning FX Broker
BlackBull Markets is a top-tier, award-winning, New Zealand FX broker with a global presence. Since inception in 2014, BlackBull Markets is now considered the fastest growing financial services company in NZ.
BlackBull Markets is a true ECN broker, with no dealing desk, specialising in CFDs, FX and Commodities for a global clientele. Led by a team of seasoned professionals with vast industry experience in forex, fintech and data security, BlackBull Markets provide some of the fastest execution speeds and lowest spreads in the market.
BlackBull Markets Award-Winning FX Broker
Why Trade With BlackBull Markets?
- 500:1 Leverage: BlackBull Markets offers very generous leverage of up to 500:1 (margin of just 0.2%) so you will need less money on your account to access larger trade sizes.
- Customer Support is #1: Quality customer service in the FX industry is super important but yet so many brokers do it poorly. Not BlackBull though. They offer 24/6 client support, available in multiple languages (English, Chinese, Malaysian and Spanish) across email, phone and live chat.
- Spreads from 0.0 pips: Their ‘ECN Institutional’ account has spreads starting from 0 pips, their ‘ECN Prime’ account (the most popular account type) has spreads from 0.1 and their ‘ECN Standard’ account has spreads from 0.8.
- Multi Award-Winning Broker: BlackBull Markets is an award-winning broker, impressive for a broker that hasn’t been around long. Awards include: the 2018 Deloitte Fast 50, the 2018 APAC Technology Fast 500 and the 2019 Deloitte Fast 50.
- Not Affected by ASICs Leverage Restrictions: As BlackBull are regulated by the FMA in New Zealand, they are not affected by ASIC’s leverage restrictions. This means you can continue to receive higher rates of leverage with BlackBull Markets. This broker is also authorised and regulated by the Financial Services Authority in Seychelles (“FSA”) under license number SD045.
Which Instruments Can You Trade With BlackBull Markets?
BlackBull offer a huge array of tradeable instruments on their platform – over 26,000 at last count! This incudes:
- Indices: AUS200, JPN225, US30, UK100, DAX30, ESTX 50, SUI 20, NAS100, ESP35, FRA40, HKG 50 and the SPX500.
- Forex: 50+ including major, minor, and exotic pairs.
- Commodities: Natural Gas, WTI & Brent Oil.
- Metals: Gold & Silver only
- Futures: Copper, Soybean, Corn, Wheat & Coffee.
- CFDs: US, European, Australia, Hong Kong and NZ.
- Crypto: XRPUSD, BCHUSD, ADAUSD, DOGUSD, EOSUSD, LNKUSD and XLMUSD.
Does BlackBull Charge Commission?
This depends on which account type you hold with them. If you have the ECN Standard account, there is no commission (although you will pay a wider spread). If you hold an ECN Prime account, there is a commission charge of $6 per lot (per round turn) but you will receive a lower spread charge. Commissions are negotiable on the ECN Institutional account.
What Leverage Does BlackBull Markets Offer?
When you trade with BlackBull, you will receive leverage of up to 1:500 – very generous indeed!
BlackBull Markets Review – Other Important Features:
- Regulation: BlackBull is a registered Financial Services Provider (FSP403326) and holds a Derivative Issuer Licence with the Financial Markets Authority (FMA) in NZ. They are also regulated by the Financial Services Authority in Seychelles (FSA) – license number SD045.
- Secure Funds: They hold all client money in a segregated Client Trust Account, held with ANZ Bank, a registered NZ bank.the Financial Markets Authority (FMA) in NZ.
- Multiple Payment Methods: You can deposit and withdraw funds using Bank Transfer, Credit Card, Neteller, Skrill, Union Pay, RPN Pay and also crypto: BTC, BCH, LTC, ETH, USDT, XLM, XRP, LINK, USDC. You can also fund using PaymentAsia, Help2pay, Interac and AstroPay.
- Currency Accounts: You can open an account in the following currencies: NZD, AUD, USD, EUR, GBP, JPY, CAD, SGD and ZAR .
Which Trading Platforms Does BlackBull Markets Offer?
BlackBull offers the world-renowned MT4 trading platform, plus MT5, WEBTRADE AND TradingView. For more information on their platforms, click here.
MetaTrader4
MT4 is an institutional grade trading platform that retail traders (like you and me) can access. It’s perfect for all traders and is the world’s most used trade platform. BlackBull’s MT4 provides traders with instant execution, a vast array of technical indicators, an interactive charting package, plus so much more.
Trade forex, indices and commodities on MT4 with BlackBull using low variable spreads starting from 0.0 pips (see account type information below). BlackBull connects you to MT4 via the NY4 Equinix server on Wall St; thus ensuring execution speeds of 2-5 milliseconds! With less slippage, traders can trade fast and more effectively than with many other brokers.
BlackBull Markets Account Types:
- ECN Standard – perfect for beginners
- Minimum deposit: $0
- Spreads from: 0.8 pips
- Minimum lot size: 0.01 (micro lot)
- Leverage: 1:500
- Commission: none
- ECN Prime – true ECN experience
- Minimum deposit: US $2,000
- Spreads from: 0.1 pips
- Minimum lot size: 0.01 (micro lot)
- Leverage: 1:500
- Commission: $6 per lot (round turn)
- ECN Institutional – for traders looking for Institutional services
- Minimum deposit: US $20,000
- Spreads from: 0.0 pips
- Minimum lot size: 0.01 (micro lot)
- Leverage: 1:500
- Commission: Negotiable
- Islamic Account – a swap free account that operates in full compliance with Sharia Law
- Account: available in either ECN Standard or ECN Prime (see above)
- Minimum deposit: US $0 – $2,000
- Spreads from: 0.1 pips
- Minimum lot size: 0.01 (micro lot)
- Leverage: 1:500
How Quickly Are Deposits and Withdrawals Processed?
Deposits are typically instant if you use your credit or debit card. Bank transfers deposit times can vary as they usually take longer to process, depending on where the funds come from.
Withdrawals are generally processed within the next 24 hours from the request submission. Credit card and bank transfers are the only non-instant withdrawal methods. Bank transfers can take up to 5 business days.
BlackBull Markets Award-Winning FX Broker
BlackBull Markets FAQ
When was BlackBull Markets launched?
This broker was founded in 2014 in Auckland, NZ.
Is BlackBull Regulated?
Yes – BlackBull is regulated by the FMA in NZ and by the FSA in the Seychelles.
Which platforms do they support?
MT4, MT5, WEBTRADE and TradingView.
Are their platforms mobile-friendly?
Yes, all three platforms can be downloaded to your phone.
What leverage does BlackBull Markets offer?
They can offer leverage up to 500:1.
What is the lowest spread I can expect with BlackBull?
As they are an ECN broker, spreads start as low as 0 pips!
Does this broker offer commission-free trading?
Yes and no, depending on which account you choose. Their “ECN Standard” account is commission free.
What is the minimum deposit to open an account?
From $0 on a ‘Standard’ account.
How can I fund my BlackBull Markets account?
Deposit funds via Bank Transfer, Credit Card, Neteller, Skrill, Union Pay, RPN Pay and also crypto: BTC, BCH, LTC, ETH, USDT, XLM, XRP, LINK, USDC. You can also use PaymentAsia, Help2pay, Interac and AstroPay.
