Yes, BlackBull Markets operates under 🇸🇨 Seychelles law as BBG Limited, authorized by the Financial Services Authority under license number SD045. It adheres to strict anti-money laundering and counter-terrorism financing laws, undergoing independent audits to keep its brokerage fully compliant and transparent. BlackBull Market is a legit broker regulated in New Zealand, the UK, and Seychelles with an exceptional regulatory track record. 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. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust.
Global Regulation
It holds a derivative issuer license issued by the Financial Markets Authority (FMA). This government agency is responsible for regulating financial markets in New Zealand. One feature I blackbull markets review appreciate is the detailed support FAQs, which answer most questions about BlackBull Markets’ platforms and accounts, often with helpful video walkthroughs.
The origin of BlackBull Markets
BlackBull Markets offers access to the most liquid global FX markets, offering over 64 major, minor, and exotic forex pairs. Through its deep FX liquidity pools, the broker provides traders with institutional trading conditions. Since BlackBull Markets is a FinTech company, I would like to see a proprietary solution. MT4 remains the leader in algorithmic trading, but MT4 and MT5 support it, and both have a built-in copy-trading system. BlackBull Markets offers MT4/MT5 as a desktop client, webtrader, and mobile app.
Blackbull Markets Broker Alternatives & Comparisons
In addition to their head office in New Zealand, BlackBull Markets has launched representative offices in New York, London, Jakarta, and Kuala Lumpur. Their clients enjoy institutional-grade trading conditions, such as low spreads that start from 0.0 pips, lightning-fast execution speeds, zero deposit fees, multiple account types, and low trading fees. Interestingly, BlackBull Markets has won the highly coveted Deloitte Fast 50 award on many occasions — 2018, 2019, 2021, and 2024. BlackBull Markets offers traders worldwide direct access to top-tier trading platforms. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content.
Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. This institutional account has a minimum deposit of 20,000 USD and spreads starting from 0.0 pips (EUR/USD). This account is specifically for professional traders and commission is negotiable.
- Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
- BlackBull Markets has significantly expanded its range of markets with the launch of BlackBull Shares.
- That said, those who decide to open an ECN Institutional accounts will enjoy reduced spreads and a lower round-trip commission of only $4 per lot.
- The research also consists of technical analysis, but the entire package costs $45 monthly.
Both platforms are optimised for Windows, and include real-time market quotes and live charts on financial data, along with extensive coverage of breaking financial news, and analytics. The choice of financial assets offered by BlackBull Markets is very limited compared to other similar brokers, but it offers over 250 share CFDs through its FMA subsidiary. BlackBull Markets provides reliable 24/7 customer support via live chat, email, and phone. Help is available in several languages, including English, French, and Chinese. The service can be used to achieve ultra-fast order execution speeds and to obtain raw spreads directly from an exchange’s order books.
Security and Money Guarantees
BlackBull Markets makes depositing and withdrawing funds easy with options like credit card, wire transfer, e-wallets like Skrill and Neteller, and even cryptocurrency transactions. “After upgrading its trading infrastructure with Equinix servers in New York, London, and Tokyo to reduce latency for traders, BlackBull is a top choice for trading stock CFDs with ECN pricing.” Client funds are kept in segregated accounts, separate from the company’s operating funds. Client funds are held in segregated accounts with tier-1 banking partners to ensure safety and security. BlackBull Markets earns excellent trust scores overall, showing high customer loyalty with only minor disputes mentioned online. To withdraw funds, log in to your Secure Client Area, go to ‘My Wallet,’ select the account, choose ‘Withdraw Funds,’ pick your payment method, enter the amount, and confirm.
- He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
- The domain blackbull.com is registered under our company, Black Bull Global Limited.
- Zulutrade, a third-party platform, is a peer-to-peer social trading application where traders can choose among thousands of registered traders from 192 countries.
- ECN liquidity is integral to the service offered by BlackBull Markets; it bridges clients directly to the markets.
- The swap-free Islamic account is best suited for traders who cannot receive or pay swaps due to religious beliefs.
All BrokerNotes content is researched, fact-checked, and edited by the research team. The broker is regulated by the Financial Markets Authority — the government agency is responsible for regulating financial markets in New Zealand. 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. With a BlackBull Markets MT4 or MT5 trading account, traders can seamlessly open short-term or long-term trades in gold and silver. They can also trade in both long and short directions and can hedge their positions as they want.
BlackBull Markets?
With speeds under 100 milliseconds, traders have a better chance of avoiding slippage and getting the price they desire for their order. Select your account base currency, an asset pair, the size of your position in lots, and your level of leverage. Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience. To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests.
Whether by live chat, phone, email, or WhatsApp, traders benefit from quick answers and helpful guidance under 🇳🇿 regulated service standards. BlackBull Markets keeps entry easy with no minimum deposit for Standard Accounts. More advanced traders can choose Prime or Institutional Accounts for better pricing and execution, backed by 🇳🇿 New Zealand’s regulated environment and robust tiered account options.
In my estimation, cTrader is the most well-balanced trading platform available for retail trading. Its charts are fluid and extremely versatile, accommodating the execution of in-depth technical analyses. CTrader is easily customizable and can also be used for trade automation and copy trading.
You can choose from nine base currencies, including USD, EUR, and GBP, which is more than eToro, which offers me just three. Thankfully, live accounts allow more flexibility, staying open for up to a year without activity. Brokers like Vantage, IG, Pepperstone, and AvaTrade let you use a demo account with virtual funds indefinitely, without any expiration. It’s a great way to practice without risk, but you have to stay active—if you don’t use a demo account for 30 days, it gets closed. Setting up my account was quick and easy, with a seamless online form and fast verification. I appreciated how BlackBull Markets made the process simple with clear guidance and responsive support.
When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. My findings indicate that the ECN Standard account is best suited for casual traders because of its low deposit requirement, while the ECN Institutional account features the most competitive fees. BlackBull Markets offers a wide range of payment options, including bank wire, e-wallets, bank cards, and cryptocurrencies. Deposits are free of charge, but the broker imposes a $5 handling fee on withdrawals.
As with the Zulutrade platform, clients will have to contact Myfxbook directly to find out about the costs of using the service. It allows users to share, analyse, track and compare their trading activities between peers. It also allows users to set up auto-trading to follow traders that they have selected, in addition to setting yourself up as the main trader in an auto trading network. Myfxbook is an affiliate of BlackBull Markets, as such, the MetaTrader 4 trading program is completely integrated with the Myfxbook system.