REVIEWS

Blackbull Markets Review 2022

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Blackbull Markets started operating in 2014 and since then, it has been a growing force in the trading market. The broker is based in New Zealand and offers CFDs and Forex trading. Besides, it is also known to have some very low fees, as well as tight spreads, paired with a very nice and user-friendly trading platform. Trades are executed very quickly too.
Hearing all these great things, you might want to give the platform a chance. But in reality, good offers don’t equal safety, and if you’ve been on the Internet long enough, you probably know that already. It’s always important to be cautious, especially when it comes to a platform that asks for money deposits. Well, all you have to do is read this review, and it will tell you everything you need to know about Blackbull Markets.
BlackBull Markets Main Features
🗺️Established in: 2014
🏢Headquarters: Australia
⚖️Regulations: ASIC
⚖️Country of regulation: Australia
💰Minimum Deposit: $200
🖥Platforms: MT4, MT5
🎮Demo Account Available: Yes
💱Leverage: 1:400
💰Withdrawal fee amount: $0
💰Inactivity Fee: No
Customer Support: 24/7
📚Products Offered: Stock, Forex, CFD, Crypto

Who Is Blackbull Markets for?

Blackbull Markets is great for beginners. This is mainly because it has a lot of educational materials to offer, as well as some great research tools. The education section can be a great place for newcomers to learn some valuable information about trading. Demo accounts can be opened too, which is another great thing for beginners.
Professional traders looking for a simple platform for their trades can also benefit from Blackbull Markets. Not to mention that there are several platforms offered, which adds more complexity and more options for the more experienced traders.

Things We Like

On one hand, we like the fact that the platform has a lot of trading instruments available. This gives more alternatives to traders and ensures that they can find the most convenient option for them. On the other hand, we also love the fact that the leverage is high, and the spreads are quite low.
What’s more, the research and education sections are amazing. People have access to a wide range of materials that can help increase their knowledge, and we always love to see something like this. It opens more doors for traders, particularly newer ones.
The accounts are free of commissions, and this is another great aspect. Besides, we were impressed by how effective the customer support is. They are amazing at helping any user in need.

Things We Don’t Like

A downside we noticed was the fact that U.S. clients are not allowed to use the platform, which means they cannot access the great features of this particular broker.
Then, another very disappointing thing was the fact that the customer support doesn’t operate 24/7. It can be pretty annoying for people who need help and have to wait until the next working day to get an answer.
As for the tools, they are limited, especially compared to other brokers.

Pros Cons
The customer support is amazing There is no 24/7 support available
Accounts are commission-free Limited tools
It has plenty of funding and trading options available U.S. clients are not allowed
Lots of trading instruments available for users  
Good trading platforms  
High leverage  
Good research and education  
Blackbull Markets started operating in 2014 and since then, it has been a growing force in the trading market.

Safety & Regulation

All brokers need to provide a safe space for their users to trade, and you probably want to make sure Blackbull Markets is safe before you trade. Well, the following paragraphs will reveal some safety details you should know about.

Who Is Blackbull Markets?

Blackbull Markets is a trading platform that was founded in 2014 and it’s based in New Zealand. The broker offers the MT4 and MT5 platforms, and it grew in popularity a lot thanks to the premium trading tools it has to offer. The broker is a Forex one, and it has plenty of assets to trade, as well as multiple possibilities for all people passionate about trading.
On top of Forex, Blackbull Markets also offers CFD trading, and it has more than 30 currencies available.

Is Blackbull Markets Regulated?

Blackbull Markets is registered with the New Zealand Financial Services Provider Registry. Furthermore, it is a member of the New Zealand Financial Services Complaints Limited. Therefore, it is a regulated platform.

Blackbull Markets Licenses

  • BBG Limited – authorized by FSA (Mauritius)
  • Black Bull Group Limited – authorized by FMA (New Zealand) registration number FSP403326

Is Blackbull Markets Safe or a Scam?

The broker is certainly not a scam, and that is mainly because it is regulated. Clients get full transparency as a result. The broker also has a banking partner, respectively the ANZ Bank.

Countries It Accepts Clients from

Blackbull Market is available for users from various countries. Some countries that are accepted include Egypt, Morocco, Western Sahara, Liberia, Bolivia, Jamaica, Brazil, Jamaica, Nigeria, Albania, and many others.
There are also a lot of countries that are banned from using Blackbull Markets, respectively the U.S., Belarus, Lebanon, Panama, Burundi, Congo, Cuba, Spain, Haiti, Iran, Iraq, and many others.

Awards

Blackbull Markets won some awards over the years as well. In 2018 and 2019, it was awarded the Fastest Growing Exporter in Auckland, New Zealand.

All brokers need to provide a safe space for their users to trade, and you probably want to make sure Blackbull Markets is safe before you trade.

Range of Offerings and Products

The broker has a lot of trading instruments available. It mainly offers CFDs and Forex. Some of the markets feature more than 64 currency pairs, energies, metals, indices, commodities, and more. As such, traders are able to diversify their portfolios much easier.
The broker has a lot of trading instruments available.

Leverage Offered

What makes Blackbull Markets great is the fact that it has high leverage to offer. Professional or retail traders can both use up to 1:500 in leverage. International traders can also use 1:500 leverage thanks to the Seychelles entity, which is great.
What makes Blackbull Markets great is the fact that it has high leverage to offer

Trading Platforms

Both MetaTrader4 and MetaTrader5 are part of the Blackbull Markets offer. The broker allows you to choose between the two platforms, which is great. What’s more, both platforms come with great features. They are user-friendly in terms of the interface, and they also have some strong conditions. As a result, they can be amazing for both experts and people who are just starting out. The only downside is the fact that the analysis is a bit limited. Also, Blackbull Markets doesn’t have a proprietary platform, which is again a disadvantage.

When it comes to web trading with the two MT4 and MT5 platforms offered by the broker, the coolest thing is the fact that you don’t need to download it to your computer. You can trade using the browser, and it still offers you access to some of the most important tools.
Despite being a web version, it has a great look. Everything is pretty clear, and it’s easy to find out what you should do. The broker also invested a lot in innovation, bringing the trading performance to a very high level.

Then, they have the desktop platform, which takes things to a whole new level. You have access to extra tools, making things more suitable for more experienced traders. What’s more, the performance is better as well, with the platform having a clear and easy-to-understand design. Everything is customer friendly.
The mobile platform is amazing too, helping you stay up to date with what’s happening with your account even if you’re on the go. You can always monitor your trades. Even the mobile platform’s charting and technical analysis options are varied and outstanding. They have a lot of features, adding more complexity and making it easier for you to control your trades.

Both MetaTrader4 and MetaTrader5 are part of the Blackbull Markets offer.

Account Types

Three account types can be opened by people who choose Blackbull Markets. The accounts are the ECN Standard, ECN Prime, and ECN Institutional.

Demo Account

People can also get a demo account if they’d like to try out the platform’s features first.

Three account types can be opened by people who choose Blackbull Markets.

Deposits & Withdrawals

Deposits can be made using multiple methods, respectively bank wires, credit cards, and e-wallets. You even have the chance to choose your account’s base currency, which makes it possible to avoid conversion fees and make the transfer easier.

What Is Blackbull Markets Minimum Deposit?

The ECN Standard account has a $200 minimum deposit. Meanwhile, ECN Prime has a minimum deposit of $2,000.

Withdrawals

To withdraw funds from your account, you can use the same options allowed for deposits.

Deposits can be made using multiple methods, respectively bank wires, credit cards, and e-wallets.

Blackbull Markets Promotions

There are currently no promotions available. Still, you should keep an eye on the platform in case things change.
There are currently no promotions available.

Client Support and Education

Whether you are a beginner trader or a more experienced one, you can find educational materials suitable for your level on Blackbull Markets. They ensured they have a wide range of materials available so everyone can get some help when they need it.
Blackbull Markets has a blog where you can find analysis, research materials, and market overviews, while they offer a trading glossary, guides, and trading videos. Information is everywhere, and it can help users learn a lot and become exceptional traders.
Whether you are a beginner trader or a more experienced one, you can find educational materials suitable for your level on Blackbull Markets.

Verdict

Blackbull Markets is suitable for a large number of traders, no matter if they are beginners or experienced traders. There are numerous educational materials, and the trading platforms are just great. They may need to add more tools, though, as they are quite limited in this regard.

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.

2022 Review Methodology

For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

Chad Smith

Chad Smith

Director of Research & Analysis

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.

Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.

Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.