BlackBull Markets is a New Zealand-based broker that offers institutional-grade trading conditions to traders across the globe. They offer forex trading and CFDs on indices, energies, metals, and more. Little wonder this broker won the highly coveted Deloitte Fast 50 award among several other awards owing to their premium trading tools and innovative solutions in Fintech. Founded in 2014 in Auckland, New Zealand by a team of experts who are experienced in forex trading, Fintech development, and data security fields, BlackBull Markets has grown to have representative offices in New York, London, Jakarta, and Kuala Lumpur. The broker is reputable for offering high-speed execution, tight spreads that start from 0.1 pips, and 25/6 customer support services.
BlackBull Markets Review Introduction
In this BlackBull Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including BlackBull Markets.
BlackBull Markets Platforms & Tools
BlackBull Markets provides their clients with the very popular MetaTrader 4 (MT4) trading platform. The platform is available as desktop applications for Windows and MAC computers, a web terminal that can run on most modern browsers, and mobile applications for iOS and Android devices.
In addition to MT4, the broker also provides a FIX API option for clients who wish to bypass the MT4 application and trade with direct market access (DMA). BlackBull Markets provides their clients with an array of trading tools for better trading experience. Some of them are:
- VPS: hosted by Equinox Servers to help clients run their automated trading system 24/7
- Economic Calendar: that displays upcoming and historical news events by date and time
- MAM/PAMM: for execution of bulk orders from a master account to several others. MAM is known as Multi-Account Manager while PAMM is Percentage Allocation Management Module
- SwipeStox: for exchanging trading ideas with other traders online. It is an online community which you can sign up to for free
- PsyQuation: for easy records and analysis of your trading, with advice on areas to improve
BlackBull Markets Research & Education
The broker has some tutorial videos that cover basic trading topics, such as how to use your trading account and how to conduct chart analysis. Apart from those, there are no other educational resources.
BlackBull Markets Trading Account
BlackBull Markets the following account types in addition to Islamic friendly accounts that are available on request:
- ECN Standard: a minimum deposit of $200, with spreads starting from 0.8 pips and no commission
- ECN Prime: a minimum deposit of $2,000, with spreads starting from 0.1 pips and a $3 commission
- ECN Institutional: a minimum deposit of $20,000, with spreads starting from 0.0 pips and negotiable commission
BlackBull Markets Account Funding
BlackBull Markets accepts several payment and withdrawal methods for convenience. They include bank wire, credit/debit cards, and online payment processors, such as Neteller and Skrill. While online payment processors clear payment within a few hours, bank transfer could take a few days.
BlackBull Markets Customer Service
BlackBull Markets has a team of professionals who are available 24/6 to attend to inquiries via email, telephone and online chat.
BlackBull Markets Regulation
BlackBull Markets is regulated by the New Zealand Financial Services Provider Registry (FSPR). It is also a member of the New Zealand Financial Services Complaints Limited (FSCL), which ensures transparency in brokerage operations.
BlackBull Markets Summary
BlackBull Markets is an innovative and fully registered broker that offers online trading in a wide range of assets through the MT4 platform and FIX API. They offer flexible account types and accepts, useful trading tools and basic educational videos.
It is worth mentioning that some of the trading products and services in this BlackBull Markets review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the BlackBull Markets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.