9 /10
Overall Rating
BlackBull Markets Review & Rating [yyyy]

BlackBull Markets Review & Rating 2021

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Read this BlackBull Markets broker review before opening your account. Is this a reliable Forex broker? Find out more with our AtoZ Markets Forex broker review of BlackBull Markets. 

BlackBull Markets was founded in 2014 with the goal of becoming the leading online Financial Technology and Foreign Exchange Broker. BlackBull Markets is a true ECN, No Dealing Desk broker which is specialised in Forex, CFDs, Commodities, Precious metals and Energies. The broker provides institutional-grade trading conditions to their clients with exceptional customer service and support. 

Moreover, we have done an extensive review of the company and found it legit and recommendable. This broker provides maximum flexibility on deposit and withdrawal requirements for all traders.

At AtoZMarkets.com, we have a readers-first policy. Thus, we always put our readers’ safety as a priority in our business line. We will never satisfy ourselves with brokers’ public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly.

For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation. The very same standards apply in the case of this BlackBull Markets broker review.

Overview

Company
9 /10
Trust
9 /10
Trading Platform
9 /10
Account Types
9 /10
Costs
8 /10
Customer Support
9 /10
Regulation
9 /10

Company

9 /10

BlackBull Markets was established in 2014 in New Zealand. The primary focus of the broker is on providing institutional-level services to retail clients, the firm allows traders to trade various assets such as forex, precious metals, and commodities. 

The broker firm is a regulated entity in New Zealand and it has also expanded into various countries including Malaysia, Japan, England, and China. The company has also won multiple awards, including being named as the Fastest Growing Exporter for Auckland, New Zealand, in 2018 Deloitte Fast 50 awards.

Pros

  • Responsive Customer Support
  • Regulated by FMA and FSA
  • Commission-free trading accounts offered
  • Access to prime liquidity providers
  • Low Spreads and high leverage.

Cons: 

  • Customer service is not available 24/7

Trust

9 /10

BlackBull Markets is a highly trusted broker in the industry and has won numerous awards in the past. As per our research, most of the expert brokers consider BlackBull Markets as a primary broker to trade with. 

It is registered in New Zealand with the Financial Services Provider Registry (FSPR). Additionally, the firm is also a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme, which is regulated under FMA and FSA. In addition to being regulated by these bodies, BlackBull Markets holds clients’ funds in segregated bank accounts in ANZ Bank.

Trading Platform

9 /10

BlackBull Markets provides well-known MT4 and MT5 trading platforms that are specifically designed for all BlackBull Markets clients. It is a powerful, customizable, and comprehensive mobile trading app that allows you to monitor market activities, offering real-time quotes, charts, and market news. The app is designed for mobile devices running on Android and iOS and can be downloaded from the respective app stores.

BlackBull Markets also emphasizes the traders' needs first. This is why this broker adopted an updated version of the trading platforms on the market - MetaTrader5. This platform is available on desktop, web, and mobile. This multi-asset platform is the best for trading in forex, stocks, metals, and hundreds of other derivative assets.

BlackBull Markets MT5

MT5 is a great trading platform. Like MT4, MT5 supports algorithmic trading. MT5 trading platform was primarily developed to cater to the non-Forex markets like commodities, equity, and the future. It addresses a different category of end-users.

The BlackBull Markets MT5 trading platform is available for desktop, web, mobile, & tab. This multi-asset platform is the best for trading in forex, stocks, metals, and hundreds of other derivative assets. Traders can use the extensive features of the MT5 with maximum usage of the features. 

Here is a list of the features of the BlackBull Markets MT5:

  • Technical indicators with 21 timeframes and 80 analytical tools
  • All types of market exchanges are under one trading account.
  • Variety in trading orders.
  • Multi-asset trading technology.
  • Compatibility with every major mobile and tablet devices
  • Alerts and Trade notifications.
  • Automated trading capabilities.
  • Analysis options and multiple charting.
  • Flexible trading that supports two market orders, six pending orders.

Account Types

9 /10

BlackBull Markets offers its clients a choice of 3 account types. All accounts use an Electronic Communication Network (ECN) execution model. 

ECN Standard

  • Spreads starting from 0.8 pips
  • USD $200 to open an account
  • Minimum lot size of 0.1 (micro lots)
  • No commissions

ECN Prime

  • Spreads from 0.1 pips
  • USD $200 to open an account
  • Minimum lot size of 0.1 (micro lots)
  • Commissions of USD $3.00 (side trip) / $6.00 (round-trip) per standard lot.

ECN Institutional 

  • Minimum USD $20,000 deposit
  • 24/7 dedicated account manager
  • Negotiated custom solutions
  • Advanced reporting tools
  • VPS hosting servers

Additionally, BlackBull Markets have created a swap-free Islamic account that operates in full compliance with Sharia Law. Islamic (swap-free) accounts are offered as a variant of our Standard, Prime and Institutional Accounts, retaining all the great features of the regular account types.

Costs

8 /10

The commissions and spreads will depend on the type of account you decide to trade with. The spreads range from 0.1 for ECN prime account to 0.8 for ECN Standard account, which is normal as per market standards. Blackbull Markets does not charge inactivity fees or any fees for funding or withdrawal of funds. However, transfer fees are applied for the remitting bank or payment system provider.

Customer Support

9 /10

BlackBull Markets customer support team is highly responsive and has experience of over a decade with dealing with customer queries. BlackBull has made it as comfortable as possible so traders will be supported and satisfied at any stage.

The clients can refer for help with any complaint or problem through Live Chat, International Phone Lines and emails to support.

Regulation

9 /10

Black Bull Group Limited (trading name: BlackBull Markets) is a New Zealand registered and incorporated company (company number: 5463921).

The company is also registered with the Financial Services Provider Register (number: FSP403326).

Black Bull Group UK Limited is registered in the United Kingdom, Company Number - 9556804. Payment clearing services provided by: BlackBull Group UK Limited (Company Number - 9556804)

BBG Limited is incorporated and regulated by the Financial Services Authority (FSA) of Seychelles.

Conclusion

Overall, the BlackBull Markets Review shows that it is a broker with a robust service to traders around the globe, as well as a harmonized plan that complies with strict laws. 

In accordance with its regulated environment, the broker also offers advanced capabilities with requirements that are more competitive across market offerings.

There are definitely lots of choices in the market that will suit your trading style, but, as per our deep research, BlackBull stands out to be at the top. We can say that BlackBull Markets is a broker to consider.

Reviewed By

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