BLACK BULL MARKETS review summary
BlackBull Markets is a solid forex and CFD broker, founded in 2014 and headquartered in New Zealand. The broker has quickly gained a reputation for providing traders with excellent trading conditions and a high level of customer service. BlackBull Markets is regulated by one of the strictest regulators – the Financial Markets Authority (FMA) in New Zealand, ensuring that the broker operates with transparency and security.
BlackBull Markets offers a variety of account types to cater to the needs of traders of all levels. The Standard account is designed for beginners and has no minimum deposit requirments, while the Prime account is aimed at more experienced traders and has a minimum deposit of $2,000. The Institutional account is suitable for high-volume traders and has a minimum deposit of $20,000. All account types offer competitive spreads and fast execution, while the Prime and Institutional accounts having even tighter spreads.
One of the key benefits of trading with BlackBull Markets is the range of trading platforms available. The broker offers the popular MetaTrader 4 (MT4) platform as well as the advanced MetaTrader 5 (MT5) platform. Both platforms offer a range of features, including advanced charting, technical analysis tools and automated trading. In addition, BlackBull Markets offers two other platforms – the TradingView platform, which is known for its fast execution and user-friendly interface and Black bull markets proprietary trading app.
Black Bull Markets offers lightning-fast execution speeds, minimizing slippage and providing an optimal trading experience
BlackBull Markets also offers a range of educational resources to help traders improve their trading skills and stay up-to-date with the latest market trends. The broker provides webinars, seminars and tutorials as well as an economic calendar that highlights key events and announcements that may affect the markets.
Fees at BlackBull Markets are competitive and transparent. The broker has no hidden fees and there are no deposit fees, however there is a 5$ withdrawal fee. Spreads start from as low as 0.1 pips on major currency pairs and the broker offers competitive commissions on CFD trades.
BlackBull Markets is also committed to providing excellent customer service. The broker’s support team is available 24/7 to assist clients with any questions or issues they may have and the broker’s website is available in multiple languages for the convenience of its clients.
In summary, BlackBull Markets is a reputable forex and CFD broker that offers traders a range of account types, competitive fees and a variety of trading platforms. The broker’s commitment to providing excellent customer service and educational resources make it a great choice for beginner traders.
BLACK BULL MARKETS pros and cons
Black Bull Markets has several advantages for traders including extensive educational resources, great customer service and no minimum deposit. The broker also offers 24/7 customer support, ensuring that clients can get assistance whenever they need it. However it’s worth noting that BlackBull Markets charges a withdrawal fee, which may be a consideration for some traders.
Pros
- Extensive educational resources
- No minimum deposit
- 24/7 customer support
Cons
- Withdrawal fee
BLACK BULL MARKETS main features and highlights
Regulation
FMA – New Zealand
Headquarters
Auckland, New Zealand
Year founded
2014
Num of instruments offered
2500*
Trading fees category
Low
Deposit/Withdrawal options
Wire transfer, Credit/debit card, Neteller, Skrill, UnionPay, FasaPay
Deposit/Withdrawal fee
Deposit – No, Withdrawal – 5$
Min deposit
1$
Inactivity fee
No
Max leverage offered
1:500
Trading platforms available
Trading view/MT4/MT5/Proprietary
Islamic account
Yes
Customer support available in
6 languages
Support 24h availability
Yes
Bonus
No
Number of clients
-
Mobile trading available
Yes
FEE
BLACK BULL MARKETS fees snapshot
Assets
Fee level
Fee terms
EURUSD
Low
3$ per lot per side + spread (av. 0.2)**
US stocks
Low
Fee = Num of shares x 0.005 USD (min 1$)
S&P 500 (CFD)
Low
spread (av. 0.7)
* depending on the account chosen
** On ECN Prime account
Due to the fact that spread is always changing, you should check actual figures in the trading terminal.
BlackBull Markets provides traders with transparent and competitive fees with no hidden charges or commissions. The broker offers fast execution speeds and competitive spreads, with spreads starting as low as 0.0 pips* on major currency pairs. Overall, BlackBull Markets provides traders with transparent and competitive trading costs, which can help to minimize the impact of trading fees on a trader’s bottom line.
types of accounts
Black Bull Markets offers a variety of account types to cater to the needs of traders of all levels. The Standard Account is the most accessible option with no minimum deposit required and access to all tradable instruments. This account type is commission-free and offers competitive spreads, making it an ideal choice for new traders. The Prime Account is designed for experienced traders who are looking for a competitive edge, with a commission of just $6 per lot for most pairs and spreads starting at 0.1 pips. The Institutional Account is designed for high-volume traders and offers customizable commission structures, complimentary VPS access, 24/7 dedicated technical support and a customized MAM/PAMM platform.
BlackBull Markets offers Islamic (swap-free) accounts for Muslim traders. The account operates in full compliance with Sharia Law. The Islamic accounts are available as a variant of both the Standard and Prime accounts and offer all the features of the regular account types, including access to all tradable instruments, 1:500 leverage and micro-lots. As paying or receiving interest is prohibited in Islam, the Islamic accounts are swap-free.
Overall BlackBull Markets offers a variety of account types to suit the needs of traders of all levels from, beginner to institutional, with competitive trading conditions and access to a range of trading platforms. The flexibility of account options ensures that traders can find the account type that best suits their individual needs and trading style.
FAQ
What documents are required to validate my identity for a BlackBull Markets account?
You will need to upload a photographic ID document and a supporting document. You can select 'Driving license', 'passport' or 'ID card' for your photographic ID. For your supporting document, you can choose from a bank statement, credit card statement, utility bill or a government card.
What is the Wallet feature in the Secure Client Area?
The Wallet feature is a fund management tool that allows you to make deposits, withdrawals and internal transfers to any of your forex and share trading accounts. You can create one wallet per currency with a maximum of five different wallets allowed per client.
How do I apply to become a client of BlackBull Markets?
You can apply to become a client of BlackBull Markets within the Secure Client Area. On the left-hand side of the portal you will find the 'Applications' tab, where you can complete a simple six-step application form separated into personal details, trading preferences, employment, declaration and verification.