5.0 / 5
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BlackBull Markets review: How good is the online broker? – Test for traders

  • No minimum deposit
  • Spreads from 0,0 pips
  • High leverage up to 1:500
  • Fully regulated and secure
  • Excellent ECN liquidity
  • Fast execution speed

When looking for an online broker to signup with, trading conditions and execution speed are essential points to watch out for. There are many brokers promising the best conditions and fastest order executions. But it is vital to compare services before choosing the one whose services align with your needs.

We have examined several brokers’ offerings and services. Here is a comprehensive review of one of the industry’s most trusted forex brokers – BlackBull Markets. We present our findings on fees, platform features, and other important details. If you seek a broker with excellent trading conditions and competitive pricing, read on to learn about this broker. And find out if their services fit your needs.

The official website of BlackBull Markets
The official website of BlackBull Markets
→ Sign up for free with BlackBull Markets now!

(Risk warning: Your capital can be at risk)

What you will read in this Post

What is BlackBull Markets? – Quick facts about the company

An overview of BlackBull Markets
An overview of BlackBull Markets

BlackBull Markets is an online global forex and CFD broker based in New Zealand. The company was established in 2014 and is licensed by its home country’s Financial Markets Authority, FMA. They also operate under a license from Seychelles’ Financial Service Authority FSA.

On this broker’s platforms, traders can access over 26000+ tradeable financial products, including shares, indices, commodities, metals, and energy.

The company has technology and staff covering Europe, Asia, Australasia, North and South America, and Africa. BlackBull has received several awards and honors, including ForexExpo Dubai’s 2022 Best Global Forex Broker award. Other recent awards include BrokerTested.com’s Best ECN broker and the 2021 Deloitte Fast 50.

The official logo of BlackBull Markets

Facts about BlackBull Markets:

  • Established in 2014
  • Headquartered in New Zealand 
  • Global offices in London, Hong Kong, Japan, and Seychelles.
  • Holds current BrokerTested.com award for the Best ECN Broker.
  • Annual revenue – $5 million+
→ Sign up for free with BlackBull Markets now!

(Risk warning: Your capital can be at risk)

Regulations: – Is BlackBull Markets regulated? Where? How does regulation work? How is it enforced?

The official logo of the FMA in New Zealand

BlackBull Markets holds one top-tier license from its home country’s top regulatory body – Financial Markets Authority FMA. This body is the “crown” authority overseeing all New Zealand financial market activities. 

All financial markets’ participants and exchanges operate under this government agency’s supervision. They enforce financial regulations and ensure all licensees comply with consumer protection laws.

The official logo of the Seychelles Financial Supervisory Authority (FSA)

BlackBull also operates under the license and authorization of Seychelles’ Financial Service Authority. This entity oversees all financial activities in the country and surrounding regions, except banking. These regulators ensure their licensees adhere strictly to fair practices. They guarantee customers’ funds and data protection. 

As part of regulations, traders’ funds are safely separated from the broker’s and stored in Australia and New Zealand Banking Group ANZ. This bank is the oldest and largest financial services firm in New Zealand and among the most reliable worldwide. Customers can rest assured that their funds are safe and protected while trading.

Blackbull Markets’ licenses and registration:

  • Financial Markets Authority FMA Reg. No. FSP403326
  • Financial Service Authority FSA license no. SD045
  • Blackbull Group UK Ltd. Company reg. no. 9556804

Security measures for traders and your money

Client security on BlackBull Markets
Client security on BlackBull Markets

Blackbull Markets hold licenses from two globally renowned financial bodies that ensure customers’ protection and fair business dealings. Traders’ funds are kept in one of the world’s most reliable banks, separate from the broker’s funds. 

The broker’s regulators are responsible for maintaining the general public’s trust in the country’s financial sector. Therefore, their policies and regulations are aimed at protecting traders and other brokers’ customers. Besides separating funds, brokers must ensure clients’ data are safe. They must use encryption and the necessary software to ensure the trading platforms are safe for users.

These bodies also educate and inform the public about the financial sector. They monitor brokers’ activities to make certain they are compliant. With these two watchdogs overseeing the broker, customers can rest assured that their funds and personal information are secured.

→ Sign up for free with BlackBull Markets now!

(Risk warning: Your capital can be at risk)

Review of the offers and BlackBull Markets trading conditions

Blackbull Markets offer more than 26000+ tradeable instruments on its platforms. The most liquid and popular markets are among these. Below, we explain the basic features of each asset class, including their trading costs and leverage. 


Typical spreads for equities on BlackBull Markets
Typical spreads for equities on BlackBull Markets

The broker provides access to over 26000+ shares and 80+ global stock markets. Through Blackbull, retail traders can now partake in opportunities in global markets, unlike before when only banks and large organizations are allowed. Anyone can now access markets such as the US, Canada, the UK, France, Australia, and many more.

Traders will find popular stocks like Apple, Tesla, Amazon, Domino’s, Facebook, Auckland Airport, and more. The spreads for this asset class start from 0.0 pips, depending on the account used. A $3 commission fee applies if you trade on the ECN. Leverage up to 1:500 is also offered. Shares trading is accessible on all the broker’s platforms.

Stock assets:26000+
Leverage:Up to 1:500
Spreads:Spreads from 0.0 pips
Availability:During trading hours

Foreign exchange

Typical spreads for forex on BlackBull Markets
Typical spreads for forex on BlackBull Markets

Forex is the most liquid and largest market, and traders can access up to 70+ pairs on Blackbull. Among these are the most popular major, minor, and exotic pairs, such as EURUSD, AUDJPY, EURNZD, GBPCAD, and more.

Traders can access institutional spreads starting from 0.0 pip and the fastest trade execution of 20 milliseconds. Note that forex spreads with this broker are floating and depend on the account type. The lowest on the standard account is 0.8 pip. The leverage available is up to 1:500 if regulations permit the trader. 

Forex pairs:70+
Leverage:Up to 1:500
Spreads:Spreads from 0.8 pips
Availability:During trading hours


Typical spreads for commodities on BlackBull Markets
Typical spreads for commodities on BlackBull Markets

Both hard and soft commodities are many traders’ favorites because of their liquid nature. These important and profitable instruments are part of Blackbull’s product range, including gold, silver, the most popular crude oil, and natural gas. Cash crops are also part of the list, e.g., London cocoa, sugar, wheat, US cocoa, coffee, and many more.

The spreads on these instruments vary. For example, XAUUSD (gold) average spread of 10 pips. In contrast, West Texas Intermediate WTI crude oil has a minimum of 7.3 pips. These details were recorded during normal hours. As a floating spread, the value can drop much lower during periods of high activity. Traders can access leverage up to 1:500 on these assets, and they are available on all platforms.

Commodity assets:13+
Leverage:Up to 1:500
Spreads:Spreads from 7.3 pips
Availability:During trading hours

Precious metals

Typical spreads for metals on BlackBull Markets
Typical spreads for metals on BlackBull Markets

The precious metals consist of some hard commodities. Blackbull offers reasonable leverage and minimum trade sizes on this asset class. Experienced investors consider these markets the best safe haven during high volatility and harsh times in the financial market. Gold and silver are both offered in spot and futures. Traders can access them on all account types and platforms.

Metal assets:5+
Leverage:Up to 1:500
Spreads:Spreads from 1.7 pips
Availability:During trading hours


Typical spreads for Indices on BlackBull Markets
Typical spreads for Indices on BlackBull Markets

The most popular indices are available to trade on Blackbull through CFDs. Contract For Differences allows you to trade without owning the asset. When you trade CFDs, you enter an agreement whereby one party must pay the difference between the asset’s price at the time of placing and exiting the trade.

Blackbull provides access to major global indices, such as S&P500, Nasdaq100, Footsie100, Dax30, and ASX200. Traders can earn indices on some of these assets. Trading them attracts commission fees, which vary according to the index and shares. For instance, US shares and index cost $0.02. But if you trade a Europe share or index, the commission is 0.10%.

Index assets:20+
Leverage:Up to 1:500
Spreads:Spreads from 0.0 pips, commission applies
Availability:During trading hours


Typical spreads for energies on BlackBull Markets
Typical spreads for energies on BlackBull Markets

Energy commodities include natural gas and crude oil. Blackbull offers the most popular oil markets on its platforms, including WTI, Natgas, and Brent. These markets are highly liquid and offer among the biggest opportunities for knowledgeable traders because they are essential consumables. Traders can greatly benefit from these markets by paying attention to geopolitical events.

Energy assets:5+
Leverage:Up to 1:500
Spreads:Spreads from 0.0 pips, commission applies
Availability:During trading hours


Typical spreads for cryptocurrencies on BlackBull Markets
Typical spreads for cryptocurrencies on BlackBull Markets

Blackbull also offers crypto trading on CFDs. That means traders can speculate on the price’s rise and fall rather than buying and holding bitcoin. The broker offers 11 cryptocurrencies, including bitcoin, ripple, dogecoin, ethereum, stellar, chainlinks, polkadot, bitcoin cash, and EOS. The maximum leverage on this asset is 1:5. Note that this asset class is not available to traders in the United Kingdom.

Cryptocurrency assets:11+
Leverage:Up to 1:5
Spreads:Spreads from 0.0 pips
Availability:During trading hours

Trading fees – How much does it cost to trade on BlackBull Markets?

The BlackBull Markets fees on the US Market
The BlackBull Markets fees on the US Market

The pricing structure on Blackbull is of two types – commission-free and commission-based. Traders can choose an account type based on the model they are comfortable with.

The BlackBull Markets ECN Standard account and its fees

The ECN standard account uses a commission-free structure because the commission is attached to the ask-bid spread. The lowest spread on this account is 0.8 pip. No separate trading fee applies apart from this spread, which is rather low compared with competitors. 

The BlackBull Markets ECN Prime account and its fees

The ECN prime account is commission-based, and the spreads start from 0.1 pip. On this account, the broker displays prices from liquidity providers. Therefore, no markup is included, so the spreads are super tight. But a commission of $3 per side applies for one standard lot. That means $6 is charged for a round trip of 100000 units traded.

The BlackBull Markets ECN Institutional account and its fees

Trading costs are much lower in the ECN institutional account. But not everyone can use this account because of the stringent requirements. The account is designed for professional traders. It is also commission-based, and the spreads start from 0.0 pip. But the commission fee is $3 per round trip of one standard lot (100000 units). That is $1.5 per side. 

The broker also charges swaps/rollovers. This fee is not fixed because it is derived from the interest rate differentials on the currency pairs. Swap-free accounts are available. Those who wish to avoid paying interest on trades left open till the next day can opt for such an account. These fees fall within competitive rates. It is the same as other reputable brokers offer for account types.

Swap fees for overnight open trades:Apply.
Management fees:No management fees.
Inactivity fee:No inactivity fees.
Deposit fee:No deposit fees.
Withdrawal fee:$5 standard withdrawal fee.
Market data fee:No market data fees.

Test of the Blackbull Markets trading platforms

Blackbull is a true ECN broker. The company has received several honors and recognition for quality brokerage services in this area. All account types use ECN execution. That means traders get the best prices, and orders are executed with lightning speed. Unlike dealing desk trading, the broker connects customers to liquidity providers rather than taking the counter trade. The services are accessible on the most popular platforms, which we examine below:

MetaTraders 4 and 5

Pepperstone MetaTrader 4
The BlackBull Markets MetaTrader 4

The MetaTrader platforms are the most popular for forex and online trading. They come with a large selection of useful trading tools. Blackbull’s MT4 is available on desktop and mobile. Users will find several third party add-ons, such as Virtual Private Servers (VPS) and social trading apps. The Meta trader platforms are known for their wealth of useful tools for price analysis. Expert Advisors, trading signals, and copy trading are all available for the traders’ use. Blackbull also integrates Hokocloud on these platforms for improved copy and social trading. All 26000+ product ranges are accessible on Blackbull’s MT4 and MT5. 


The BlackBull Markets WebTrader
The BlackBull Markets WebTrader

Blackbull’s MetaTraders 4 and 5 are accessible on any Operating System, including Linux, Mac, and Windows. Whether it’s Safari, Chrome, or Firefox, these major browsers are all compatible with the full Meta trader features. You don’t need to worry about safety because the broker ensures all data are encrypted. Downloads and upgrades are not required when you trade on the Blackbull’s WebTrader. Users can trade all instruments on this platform.

MT5 WebTerminals

The BlackBull Markets MetaTrader WebTerminal
The BlackBull Markets MetaTrader WebTerminal

If you want to trade on the go without downloading and installing the MT5, the WebTerminal is a great choice. This terminal runs on Blackbull’s secure access server rather than the general server. The brokers ensure data security by encrypting all transmitted data. Traders using this platform will enjoy the following features:

  1. A simple charting interface 
  2. Price change updated daily
  3. Viewable market entry and exit on the chart
  4. Important events on the economic calendar viewable on the chart
  5. Optimized for Android and IOS mobile devices

To use the MT5 WebTerminal:

  1. Visit the broker’s website and navigate to MT5 WebTerminal on the menu.
  2. Type your trading account details, including the number and password.
  3. Choose your preferred terminal to start trading.

MT4 Multiterminal

The BlackBull Markets MT4 Multiterminal
The BlackBull Markets MT4 Multiterminal

If you have multiple trading accounts and would like to use them simultaneously, MT4 multiterminal is the ideal platform. You can also use it to manage investors’ accounts. The platform is easy to understand, especially if you are familiar with the MT4 client terminal. It comes with rich functionalities, including:

  • Multiple order execution modes
  • Manage multiple accounts with one click
  • Can run up to 128 live accounts and up to 10 demo accounts simultaneously 

To use this terminal:

  1. Download the Mt4 multiterminal.
  2. Don’t open a NEW account; instead, click Tools and select your preferred server from the dropdown menu.
  3. Enter your trading account information by clicking New Account at the top menu. You can include other trading accounts by clicking New account again and again.

Indicators & charting availability

Indicators and charting on the BlackBull Markets TradingView chart

These trading platforms feature over 30+ indicators. TradingView, a social trading platform embedded in each, comes with up to 25 indicators in each chart. Additionally, there are 15 drawing tools that traders can use to identify trendlines. Another important tools and features are the ability to save charts. Alert function is also included, and there are up to 7 watchlists.

Mobile trading via the BlackBull app

Mobile trading via the BlackBull Markets app

As explained, Blackbull provides mobile friendly platforms for people who love to trade on the go. Whether you choose to download the app or use the Web terminal, you will get all the important functionalities. All 30 indicators are available on mobile. Charting is also provided, and traders can draw trendlines. The autosave function is included for saving drawings. The forex calendar is available, and multiple timeframes are viewable. Though there is a mobile watchlist, traders can not sync watchlists from other terminals where they’re logged in.

Blackbull mobile trading overview:

  1. User-friendly interface
  2. Useful trading tools, including 30 indicators, drawing tools for trendlines, multiple timeframes, and more.
  3. Downloadable on IOS and Android.
  4. The web terminal is accessible on any mobile browser
  5. Forex calendar and social trading are included.

How to trade on the platform (Tutorial)

The BlackBull Markets forex order mask

Anyone can trade on Blackbull’s platforms, no matter the trader’s experience level. The first step is learning about the tradeable instruments to determine your preferred market. Many new traders start with forex before including other markets in their portfolios.

Decide on the instruments to trade and gather useful information about them. The knowledge will help you choose an effective market entry and exit strategy. Price analysis should be an important part of your research. Learn what you can about your preferred asset’s price movement patterns. This is how experienced traders choose the best trading strategies. 

Once you know your asset and have a good strategy, log in to your Blackbull accounts. Choose the instrument symbol and enter the transaction details. Type the trade size, set your stop loss, confirm the details, and place the trade.

How to trade Forex 

How to trade forex on the BlackBull Markets WebTrader

Blackbull offers over 70+ currency pairs. That means traders can access a large selection, including the most popular ones. Below, we share the steps to trading forex on the broker’s platforms:

Step 1 – Analyze the market

Market analysis with indicators on BlackBull Markets

This step involves learning about the price movements through research or the trading tools on the platforms. Technical analysis is a common method for studying currency pairs’ past prices. Experienced traders use it to predict price movements. Others use price action to tell what direction a forex pair is heading next. Another common way to analyze a forex pair is by studying the factors influencing the currencies in question. 

Step 2 – Choose a strategy and test it on a demo

Demo account opening form on BlackBull Markets

Analysis guides you in choosing the most effective strategy for your preferred forex pairs. But you should test it on a demo before using it to trade. Blackbull offers a free demo that allows you to practice trading and test strategies. Take advantage of this to modify or adjust your newly adopted strategy if necessary. 

→ Sign up for a free demo account on BlackBull Markets!

(Risk warning: Your capital can be at risk)

Step 3 – Open a real account

BlackBull Markets real account opening

After successfully testing, you can set up a real account to trade forex. Once your account is activated, log in and select the forex pairs you wish to trade. Choose your trade position (buy or sell) and enter the order details. Ensure your risk management settings, especially stop loss, are set. Place the trade.

→ Sign up for a free real account on BlackBull Markets!

(Risk warning: Your capital can be at risk)

Step 4 – Monitor and exit trade 

How to monitor and exit a trade on BlackBull Markets

The strategy determines how often you need to check the trade. It might be at intervals or continuously. For example, scalpers do not leave their screens till they finish for the day. If your stop loss is set, the trade closes if the price reaches the stop-loss point. The same applies to take profit. Exiting a trade at the right time is part of an effective strategy. 

How to trade binary options 

Blackbull does not offer binary options trading.

How to trade cryptocurrencies 

How to trade cryptocurrencies on BlackBull Markets

There are two ways to trade cryptocurrencies. Traders can buy and hold them to resell once the price rises. The other way is to speculate on the price movements without owning the asset. As mentioned, the latter is what you will find on Blackbull. 

Traders can access 11 cryptocurrencies on the broker’s platforms through CFD trading. These assets are more volatile than forex and the others. Because they carry high risks, traders tend to make mistakes that cost them money.

Here are important points to remember before placing your first cryptocurrency trade:

  1. Trading cryptocurrencies requires knowledge and a solid strategy. 
  2. Pay attention to government regulations and market participants’ behaviors. 
  3. Use the tools at your disposal for proper analysis. 
  4. Devise an entry and exit plan and stick to it 
  5. Use stop loss.

How to trade stocks 

BlackBull Markets shareterminal
Share trading via the BlackBull Markets Share trading app

Stocks and shares are popular instruments because of the opportunities they present. Traders can earn dividends in addition to profits from these markets. Blackbull offers 26000+ shares and 80+ markets, including the major global exchanges.

Many traders like to focus on popular stocks and shares. But even then, market analysis is crucial for success. Research is essential whether you choose to trade Hong Kong, New Zealand, or the US stock markets. Get information about your preferred instruments and understand their prices before placing your first trade.

How to trade stocks on BlackBull Markets
Share trading via BlackBull Markets / TradingView integration

The best way to predict stock prices is by keeping abreast of economic news. Also, other elements that influence the shares you want to trade are vital information sources. Elements, such as company news, the country’s economic state, customers rating, company’s finances, are examples of these sources. These details help you build a winning strategy.

After learning the basics of your preferred stock or shares, log in to your account and select the symbol. Placing a trade after filling out important details, such as size, amount, and stop loss level.

→ Sign up for free with BlackBull Markets now!

(Risk warning: Your capital can be at risk)

How social and copy trading works on Blackbull 

How to connect BlackBull Markets to TradingView via the Trading panel

Blackbull integrates multiple social trading systems on its platforms. Traders can connect to the one they choose. TradingView is a popular social trading app among forex traders. If you don’t already have a TradingView account, you can set one up for free. Visit tradingview.com and click the get started button to get an account.

The BlackBull Markets icon in the tradingview trading panel

Connect your Blackbull account through TradingView’s trading panel. Click the plus sign on the toolbars at the bottom and choose Blackbull’s logo. Click connect and follow the rest of the instructions. The system connects traders to a community where they can follow experienced traders and get ideas.

Blackbull social trading connects traders to various strategy providers across the world. Once connected, you can search for and follow Lead traders in the community. Before choosing a master trader to copy, you can go over their trading history. When you signup to copy them, you have the freedom to set your risk measures while copying their trades.

How to open your trading account on BlackBull Markets

How to open an account with BlackBull Markets

The account opening process on Blackbull takes 5 minutes and is a simple process. Visit the broker’s website and click on “Join now”.

→ Click here to join BlackBull Markets now!

(Risk warning: Your capital can be at risk)

After you did so, enter your email or choose Google or Facebook to import your details. 

The BlackBull Markets account opening form

After typing your email, the first part of the form will require details such as full name, country, and phone. You will also choose a password. The email will need authenticating before you proceed. So the broker will send a link to your inbox. Click this link to access the rest of the form.

Fill out the complete signup form, which will need further details, including address, trading history, and financial strength. After this, you must verify the account by uploading some documents that the broker requires. That is a valid ID issued by the government and a proof of address. The account setup is complete once the broker confirms these documents.

If you are setting up a demo, it takes under one minute to do so. Only the first part of the form is required in this instance.

Account types of BlackBull Markets 

Overview of the account types on BlackBull Markets

Blackbull offers three account types with their swap-free Islamic versions. These options give traders the flexibility to choose the one that suits their style and experience level. Muslims and those wishing to dodge overnight interest fees can choose a swap-free version of these accounts. Below is a review of these account types:

ECN standard account

The BlackBull Markets standard account

Inexperienced, habitual, and new traders can use this account. The minimum deposit is $0, and the account is a zero-commission type. That means no added commission is charged apart from the ask-bid spread. Traders can access the account on all platforms. The lowest spread is 0.8 pips, with no extra commission. All tradeable instruments are also available on the account, with leverage up to 1:500.

ECN Prime account

The BlackBull Markets Prime Account

The prime is a commission-based type but offers the tightest spread. It is suitable for active traders whose trading volumes are below professional grade. The minimum deposit is $2000. The spreads start from 0.1 pip, with a $6 commission per round trip of one standard lot. Up to 1:500 leverage is also available on this account. The prime is provided across all platforms, and all the product ranges are available to trade on it.

ECN Institutional account

The BlackBull Markets institutional account

This account caters to volume traders with proven trading experience. It is ideal for professionals, and the trader must meet certain criteria before they can open this account type. The minimum deposit is $20000. The lowest spread is 0.0 pip. Other features and fees are customizable. The broker is willing to design a suitable and favorable trading package for the client.

Can you use a demo account on BlackBull Markets?

The BlackBull Markets demo account

Blackbull offers a free demo account that comes with virtual funds for conducting test trades. New or inexperienced traders can practice before signing up on a live account. The demo is a simulation of the real account so that traders can experience the market without financial risks. Price fluctuations and the different market conditions are major elements of a real market. The trader will come face to face with these elements without risking their funds. The demo is also useful to experienced traders. They use it to test different trading styles and new strategies before using them.

→ Sign up for a free demo with BlackBull Markets now!

(Risk warning: Your capital can be at risk)

How to login into your BlackBull trading account

How to log into the BlackBull trading account

Traders can log in to their Blackbull account on the app or the Web. Whether you use the web terminal, downloaded app, or WebTrader, the process is the same. Email and password are all you require.

In the login box, enter the email you used in setting up the trading account. Then type the password in the appropriate field. Click login to launch the account dashboard. If you tick the Remember me box, subsequent login will only require your password. The system will remember the email.

You can also log in easily by clicking the Facebook or Google icon on the page. This would take you straight to your account if you created it using the same means. If not, once you enter the password, subsequent logins will be easy, only requiring one click on the icon.

Verification: What do you need, and how long does it take?

Account verification on BlackBull Markets

As part of financial regulations, Blackbull must verify every account holder’s profile. To do this, newly registered customers must upload a valid ID and proof of address to the broker.

A valid ID is one issued by the government which has not expired. It can be a passport, national ID, or driver’s license. A valid proof of address is any utility bill or bank statement bearing your address. It must be, at most, three months.

If you are signing up to use a corporate account, Blackbull will request other documents, such as a certificate of incorporation, with the directors’ and shareholders’ registers. They will advise you if other documents are required. 

The broker will advise you on where and how to send these documents to them. Once they receive it, they will review it. This should take within 1 to 24 hours. Blackbull will notify you when the account has been verified. 

Available payment methods for deposit and withdrawals

Supported payment methods on BlackBull Markets

Blackbull provides various payment methods on its platforms. The many options make deposits and withdrawals seamless when trading. Deposits are free, but withdrawals cost $5 on the broker’s side.

Its platforms’ most common payment methods are Mastercard, Visa, bank transfers, Neteller, Skrill, UnionPay, and Fasapay. Depositing funds using one of these are all free on the broker’s side. But a $5 fee applies for withdrawals using any one of the payment methods. 

The payment services have internal fees, and some use specific base currencies. If you choose an e-wallet, you should especially find out about its fees, including conversion rates, before starting. The processing time for funds transfer also depends on them. Deposits are usually processed quicker, in some cases, instantly. But withdrawals can take up to 24 hours to process.

→ Sign up for free with BlackBull Markets now!

(Risk warning: Your capital can be at risk)

How to deposit money – The minimum deposit explained

How to deposit money on BlackBull Markets

Trading on the live account requires funds. For Blackbull, the minimum deposit is $0. The account type determines the minimum amount allowed. $0 is for the ECN standard. The minimum for ECN prime is $2,000. ECN Institutional account requires a $20,000 minimum deposit. 

Traders can use any of the payment methods above. But note that some e-wallets don’t operate in certain countries. Once you log into your new account, click on the My wallet tab on the left. To avoid conversion fees, ensure you deposit funds in the same currency as the wallet.

Click Add funds in the My wallet tab menu, then choose a preference from the payment methods. Enter the amount you wish to deposit and fill not the necessary fields. Confirm the details for accuracy. Any currency conversion will also show on the confirmation page. The funds will appear in your account immediately, depending on the payment system.

Deposit bonuses 

Blackbull does not offer deposit bonuses.

Withdrawal – How to withdraw your money on BlackBull 

How to withdraw money on BlackBull Markets

Withdrawals are easy and hassle-free on Blackbull because of the range of payment methods. Ensure you have moved funds from your trading account to the wallet beforehand. You can only access funds in the wallet. If the funds are in the trading account, the system assumes you will trade with them. 

After moving your money to the wallet, click Withdraw funds under the My wallet tab. This will bring out the available payment systems. Choose one and fill out the instructions that appear, including the amount you wish to move.

Confirm the details you have typed and click withdraw to initiate the request. Blackbull will process the transfer within 24 hours. However, it may take longer if you are using an international wire transfer.

Support for traders 

The BlackBull Markets support for traders

Blackbull support services are available during trading hours. Customers can reach them via phone or email from Monday to Friday, 10 AM to 11 PM (New Zealand time).

Traders in New Zealand can call support through their toll-free line. Other region’s traders, such as the UK, Australia, Cyprus, etc., can also reach them on the phone.

The phone numbers are:

  1. BlackBull office – +6495585142
  2. NZ toll free – 0800226275987
  3. United Kingdom – +442070978222
  4. Australia – +61290723456
  5. Mexico – +525599900300

The broker’s website live chat is available 24-7. Support is also available via email at [email protected].

Customer care number:Email:Live chat:Availability:
+6495585142[email protected]Yes, available10 AM to 11 PM (New Zealand time), from Monday to Friday

Education material – How to learn trading with Blackbull 

The BlackBull Markets education hub

Blackbull offers decent educational materials for traders. Its education content comprises videos and platform tutorials. The broker’s website also features a ‘learn to trade section, which contains valuable materials for beginners and the inexperienced. There are also various collections of educational videos on YouTube from the broker. Traders of all levels will find helpful content to develop and improve their trading skills using any of these. The platforms also include a rich research section that includes market analysis, both technical and fundamental.

Additional fees 

Apart from the trading fees listed above, Blackbull does not charge any other fee. A fixed withdrawal fee applies, as explained. Swap fees are charged on the applicable accounts for trades held overnight. There are no other fees on Blackbull besides these.

Available countries and forbidden countries

Blackbull is a global broker and accepts traders from many parts of the world. However, some regions are restricted due to regulations. The United States and Canada are among them. The broker also does not accept traders based in OFAC sanctioned countries. Examples of these are Syria, Iran, North Korea, and others.

Conclusion: Is BlackBull Markets a legit broker? 

The official logo of BlackBull Markets

From our tests and reviews, we conclude that Blackbull is legit and a great choice. Traders will find a wide range of trading instruments to build a rich portfolio on its platforms. Its trading fees and conditions are also competitive. On the downside, the broker offers only 30 days of access to its free demo. The demo account is only accessible on MT4. But on the other hand, this period is enough for most people to get acquainted with trading.

→ Sign up for free with BlackBull Markets now!

(Risk warning: Your capital can be at risk)

Frequently asked questions (FAQ) about BlackBull Markets:

What is BlackBull Markets?

Blackbull Markets is a global forex and CFD broker based in New Zealand. They are authorized by the country’s Financial Markets Authority FMA. The broker has global servers in the United Kingdom, China, the US, and Hong Kong. 

What leverage does BlackBull offer?

Blackbull offers up to 1:500 leverage. Note that this depends on regional regulations and the trading instrument.

What is BlackBull known for?

Blackbull is considered a true ECN broker. The broker is known for fast execution and good customer service.

Is BlackBull Markets regulated?

Blackbull is regulated by New Zealand’s Financial Markets Authority (FMA) and Seychelles’ Financial Service Authority (FSA). 

Can US citizens trade on BlackBull?

No, Blackbull does not accept traders from the United States.