The ECN Institutional account was not part of the comparison since its commission fees are always subject to negotiation based on trading volume. Though BlackBull Markets is not regulated by MAS, it is regulated by other reputed regulatory authorities including FMA, FSA-S. These regulations ensure strict compliance with industry standards and provide protection for client funds. In assessing BlackBull Markets, we’ve employed our thorough methodology, aimed at assisting traders in selecting the most suitable forex broker for their requirements. Our evaluation includes an analysis of 40 brokers, spanning eight critical categories.

Commodities

Cryptocurrency trading is available at BlackBull Markets through CFDs, but not available through trading the underlying asset (e.g. Bitcoin trading). We built the website to assist forex traders in finding the right forex brokers to trade with ease. Michael Walker and Selwyn Loekman founded BlackBull in 2014 in Auckland, New Zealand. BlackBull enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. The minimum deposit at BlackBull Markets varies depending on the type of account you choose ranging from $0-$20,000.

Desktop platforms

The only condition is that you have enough funds and your copy-trading parameters allow it. Unfortunately, BlackBull Markets doesn’t offer a no-deposit bonus for new clients. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker. You don’t need to deposit anything if you’re just trying the broker and testing a demo account. This ensures that your trades go directly to the market, and there’s no intervention or dealing desk manipulation. In this article, you’ll get a review of this broker, including analysis and instructions to open an account with BlackBull Markets.

The STP (straight-through processing) model offers real market quotes with marked-up spreads, and orders are routed directly to the liquidity providers that make up the interbank market. MT4 is available as a desktop application for Windows and Mac computers, a web version (WebTrader), and a mobile app for Android and iOS devices. The MT4 WebTrader allows clients to access their MetaTrader 4 account through any operating system (Windows, Linux, Mac). It offers all the benefits of the MT4 desktop trading platform, and it is compatible with modern web browsers like Google Chrome, Mozilla Firefox, and Safari.

Traders can request withdrawals from the secure back office of BlackBull Markets in a straightforward process, usually completed within 24 hours except for bank wires. The primary regulator of BlackBull Markets is the New Zealand Financial Markets Authority (FMA). It also maintains a subsidiary, BBG Limited, authorized by the Seychelles Financial Services Authority (FSA). The domain blackbull.com is registered under our company, Black Bull Global Limited. We are registered with the Financial Services Provider Registry (FSPR) and are a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme. The table above shows that the spreads offered by BlackBull Markets Standard STP Account are more or less within the range of those offered by its competitors, such as IC Markets and Fusion Markets.

BlackBull Markets is regulated by several other authorities, including FMA, FSA-S. BlackBull Markets is regulated by the Financial Markets Authority (FMA) of New Zealand. The FMA, established in 2011, is responsible for overseeing financial markets and ensuring fair, transparent, and efficient operations in New Zealand. When trading BlackBull Markets forex currency pairs, your lot sizes start at 0.01 and can go up to 100.

Overall, the core trading environment is outstanding, and I rank BlackBull Markets as a leading choice for demanding equity traders, asset managers, and Forex traders. DailyForex.com adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

BlackBull Markets Payment Methods

The broker is regulated by multiple top-tier regulatory authorities, including xcritical FMA, FSA-S. It offers negative balance protection and holds client funds in segregated bank accounts. Key to our methodology is the emphasis on platform features, trading costs, and execution speeds.

Opening an Account

The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA). In May 2023, BlackBull Markets received an investment from Milford Asset Management, a prominent private equity firm in New Zealand, which included the appointment of an independent Chairman. BlackBull Markets recently expanded its market research coverage with the acquisition of research firm ATM Strategy.

1. BlackBull Markets is considered a safe broker with an overall trust score of 37.
2. Through its deep FX liquidity pools, the broker provides traders with institutional trading conditions.
3. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.

Nonetheless, the broker maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy to ensure that it abides by international best practices. BlackBull Markets does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your BlackBull Markets trading account. Payment from joint bank accounts or credit cards may be accepted if the trading account holder is one of the beneficiaries.

Traded Instruments

Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry. I found some of the additional questions unnecessary, as traders can fill them out as they wish, and there is no verification of the answers. BlackBull Markets includes the account verification with the account opening form, which I like, as it is a requirement and saves traders the extra step from the back office. New traders must submit a copy of their ID and a proof of residency document dated within the past three months. To ensure that it does not use clients’ funds to run its operations, the broker keeps clients’ funds securely in segregated accounts with ANZ Bank in New Zealand. Due to AML / CTF laws, BlackBull Markets cannot deposit funds to third parties.

In this broker review, we will pay attention to the important aspects of BlackBull Markets, which you may want to consider before deciding whether to trade with this online brokerage. The aggregated score of BlackBull on Trustpilot’s website is 3.5/5, which is based on 35 customer reviews. Of the total number of reviews left on BlackBull’s page on Trustpilot’s website, 63% gave the broker a score of 5 stars, while 28% rated the brand with 1 star.

Our main objective is to help xcritical scam readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.

It’s also important to note that BlackBull Markets xcritically has a relatively small number of regulatory licenses. I appreciate the flexibility at BlackBull Markets for deposits, as after the initial deposit, follow-on amounts remain at the discretion of traders. Another positive is that traders may deposit in nine currencies, but not all deposit methods support each of them.