General Risk Warning: Before deciding to participate in the Forex trading market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, 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 currency pair.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
There are risks associated with utilizing an Internet-based trading system including, but not limited to, the failure of hardware, software, and Internet connection. Intro Forex Brokers is not responsible for communication failures or delays when trading via the Internet. Intro Forex Brokers employs backup systems and contingency plans to minimize the possibility of system failure, and trading via telephone is always available.
Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. Intro Forex Brokers is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Intro Forex Brokers Review has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
Available to residents of New Zealand – unlike many brokers that don’t have the required full FMA license.
Provides the full MetaTrader suite (MT4 and MT5).
Supports multiple third-party copy trading platforms, such as ZuluTrade and Myfxbook.
Integration with the TradingView web platform was made available in 2021.
Cons
Besides in New Zealand, lacks additional tier-one regulatory licenses, such as within the EU.
BlackBull’s Seychelles-licensed entity only offers light regulatory protection.
The narrow scope of BlackBull’s research and educational content can’t compete with what the best MetaTrader brokers offer.
Based on the average spreads we obtained, commissions and fees at BlackBull Markets appear to be in line with the industry average.
With only 281 symbols available for trading on MetaTrader, BlackBull Markets trails the best forex brokers.
Risk warning
Your capital is at risk. 76% of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Binary options trading involve risk. Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it.
Binary options trading involve risk. Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2014, Black Bull Group Limited (BlackBull Markets) offers access to thousands of instruments on industry-renowned and proprietary trading platforms. The broker is headquartered in Auckland, New Zealand.
The company founders offer 10+ years of combined institutional experience in the forex space. The broker is a true ECN, no dealing desk brokerage, providing institutional-grade fintech services to retail clients.
Today, BlackBull Markets serves over 20,000 day traders across 180+ countries.
The broker is licensed by the New Zealand Financial Markets Authority (FMA) and registered as a security dealer by the Financial Services Authority (FSA) of Seychelles.
Trading Platforms
BlackBull Markets offers several platform options so there is something for everyone. This includes a proprietary shares app plus MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MT4 and MT5 are available for download to Windows and Mac devices or can be used via all major web browsers. Download links are available on the BlackBull Markets website.
MetaTrader 4
The MT4 system is the go-to option for many brokers and traders. The platform offers near-instant execution speeds, interactive charts, and direct market trading using prime liquidity providers. The platform supports Expert Advisors (EAs), as well as MetaScripts, which allow you to create your own automated robots.
Traders can also access multiple order types, 30+ pre-installed indicators and analysis tools, nine timeframes, one-click order execution, multiple chart set-ups, and a market watch window.
The WebTrader eliminates the need to install any additional software and offers all the same benefits as the desktop version, including drawing tools, financial news and live pricing.
MetaTrader 4
MetaTrader 5
MT5 offers advanced financial trading functions. This includes comprehensive price analysis, the use of algorithmic trading applications and copy trading.
In addition, users can benefit from access to superior tools for technical and fundamental analysis, hedging capabilities and advanced pending order functionality. Other key features include 21 timeframes, 38 built-in indicators and an integrated economic calendar.
MetaTrader 5
TradingView
The broker also offers TradingView as an alternative platform. The world’s leading charting and social trading platform can be used on both desktop and mobile devices. The terminal provides access to 12 chart types, 100+ pre-built indicators, 50+ drawing tools and multi time-frame analysis.
The interface is modern, with clear navigation and customizable features.
BlackBull Shares
BlackBull Shares is the broker’s proprietary mobile app providing access to global share trading across 80+ markets. It is available for free download to iOS and Android devices. When we used BlackBull Markets stocks application, we were impressed with the one-stop shop to trade and manage your account whilst on the go.
Key features include:
70+ order types
ESG dashboard filters
Extended trading hours
Advanced analysis tools
Data feeds from 66+ third-parties
Share Trading App
BlackBull Social
Connect with expert traders across the world. BlackBull Social is a powerful platform that allows you to execute trades following the strategies of master traders. The ultra-low latency ecosystem means copy-trades are executed as close to the masters as possible. You can leverage the broker’s interactive environment and advanced monitoring features to social-proof the strategies you choose to follow.
The main functions include:
Set advanced trade parameters
Access dedicated 24/7 customer support
Review the trade history of all master traders
Review real-time reporting on all investments
Connect with traders via exclusive social features
Assets & Markets
BlackBull Markets offers an impressive 26,000+ global instruments. This includes 64 forex pairs, CFDs on some of the world’s most popular indices and cryptocurrencies, commodities including oil and natural gas, plus gold and silver.
Stock trading is also available via leveraged CFDs and on underlying shares.
Blackbull Markets Fees
BlackBull Markets trading fees are competitive, though these costs vary by account type and instrument. The broker charges no commission on the ECN Standard profile, with spreads from 0.8 pips. Clients using the ECN Prime account will incur tighter spreads from 0.1 pips, with commissions from $6 per lot. Advanced investors trading under the ECN Institutional account type can benefit from negotiable commission rates and spreads from 0.0 pips.
Swap fees apply for keeping positions open overnight.
When we used the BlackBull Markets platform, we were pleased with no account opening costs or inactivity fees for dormant profiles.
Leverage Review
The broker offers substantial margin trading opportunities with a maximum leverage of 1:500 available on currency pairs and precious metals. For energies and indices, you can utilize leverage up to 1:100. Although investing with significant leverage can increase profit prospects, it can also increase losses. Ensure you have appropriate risk management strategies in place. We would not recommend beginners use a high leverage ratio when getting started. Margin call calculations are explained in the Product Disclosure Statement.
Mobile Trading
All platforms are available with mobile compatibility, including free downloads to iOS and Android devices. When we used the apps on a portable device, our experts confirmed all options are fully functional with interactive navigator windows.
MT4 and MT5 permit access to all trading indicators, drawing tools, and automated functionalities found within the web-based platforms.
The broker also offers the ZuluTrade mobile app, a social copy-trading platform available on iPhone, iPad, and Android.
Mobile Apps
Deposits & Withdrawals
Deposits are accepted in nine currencies including USD, EUR, GBP, JPY and AUD. When we used the BlackBull Markets terminal, we were pleased to see all payment methods are free, although third-party charges may apply.
Available deposit methods include:
Skrill
Neteller
FasaPay
China Union Pay
Bank Wire Transfer
Credit/Debit Cards (Visa & MasterCard)
All payments are processed instantly, apart from bank wire transfers which can take up to three working days for funds to clear.
Withdrawals must be made using the same method that you originally deposited. The broker aims to process withdrawals within 24 hours. Fees apply at 5.00 in the base account currency for credit/debit cards, Neteller, Skrill, and international bank wire transfers.
Demo Account Review
BlackBull Markets offers a 30-day demo simulator with up to $100,000 in virtual funds. Users can choose between the Standard or Prime account and set their own leverage level up to 1:500. A demo account is a useful tool to test out trades and access real market data before experiencing the real thing.
BlackBull Markets Bonuses
At the time of writing, there are no promotional offers available at BlackBull Markets. Traders can check the broker’s website or social media pages for any future deals.
Regulation & Licensing
Black Bull Group Limited is incorporated and registered in New Zealand, regulated by the local Financial Markets Authority (FMA). The brokerage is also registered with the Financial Services Provider Registry (FSPR) with license number FSP403326 and is a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme.
Global clients may trade under the BBG Limited subsidiary, registered in the Seychelles and regulated by the Financial Services Authority (SVGFSA). The levels of support and protection may vary depending on the entity.
The broker maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy.
Additional Features
Day traders can make use of social trading tools such as Myfxbook, HokoCloud and ZuluTrade. The broker also offers free VPS services for traders who meet certain criteria, including NYC Servers and BeeksFX. Institutional clients can also access prime services and PAMM accounts.
It is good to see various educational resources, ideal for beginners. This includes MT4 videos, forex analysis guides, and a trading glossary.
There is also an economic calendar to keep an eye on market news and events.
ZuluTrade Social Trading Platform
The online broker partnered with Autochartist in 2022 to offer powerful market analytics and automated opportunity identification. The plugin, which is integrated with MT4 and MT5, scans the markets and alerts users to potential trading opportunities.
It uses pattern recognition technology to monitor the markets 24/7 and is an important feature in many traders’ toolkits.
Account Types
Blackbull Markets offers three account types to day traders; ECN Standard, ECN Prime, and ECN Institutional. Packages have been tailor-made to suit clients needs, with varying initial investment values. All accounts have access to leverage up to 1:500, all instruments and a minimum lot size of 0.01.
We outline the features of each profile below:
Standard Account
The Standard Account type is perfect for beginners. With no commissions applicable and low spreads, it’s easy to get started.
NY4 equinix server
$0 minimum deposit
Spreads from 0.8 pips
Prime Account
The most popular profile with a true ECN experience using direct to market processing.
NY4 equinix server
Spreads from 0.1 pips
$2000 minimum deposit
Commission from $6 per lot
Institutional Account
For retail traders looking for institutional services and advanced functionality.
Spreads from 0.0 pips
$20,000 minimum deposit
Commission from $3 per lot
Custom equinix server options
It is quick and easy to open a new account. To register, select ‘Sign Up’ on the top right of each web page. Complete the application form and provide the relevant verification details including identity documentation.
Note, Islamic accounts and Active Trader accounts are available for eligible clients.
Benefits
Autochartist plugin
26,000+ instruments
Negative balance protection
Responsive customer service
Range of platforms and tools
Plenty of educational content
Commission-free trading available
ZuluTrade, HokoCloud and Myfxbook copy trading
Drawbacks
Withdrawal fees
US clients not accepted
Trading Hours
The default server time in MT4 is GMT+2 (GMT+3 DST). Trading hours will vary by instrument. Server times for forex are 00:00 – 24:00 Monday to Friday. For metals, trading times are 01:00 – 24:00 Monday to Thursday and 01:00 – 23:00 on Friday. Sessions are 01:00 – 24:00 for crude oil and 03:00 – 24:00 for brent oil (Monday to Friday).
Keep an eye on the latest session timetables via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays.
Customer Support
You can contact the customer support team via several methods, including telephone, email, and 24/7 live chat.
Telephone – (+64) 9 558 5142
Email – support@blackbullmarkets.com
Office – Level 22, 120 Albert Street, Auckland 1010, New Zealand
Security & Safety
BlackBull Markets adheres to segregated client funds in top-tier banks and offers negative balance protection.
Additionally, the company is registered with the FSPR meaning strict legislation must be followed. AML and KYC policies are operational for all new client registrations and ongoing.
Overall, we’re comfortable BlackBull Markets isn’t a scam.
BlackBull Markets Verdict
Our review of BlackBull Markets has uncovered several good reasons to open a live account, including access to competitive spreads and a wide choice of platforms and tools. Regulation and customer protection will vary between the trading entity. Utilize demo profile services before opening a real account.
Accepted Countries
BlackBull Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use BlackBull Markets from United States.
Before starting to trade, never invest too much money in one trade and always follow the rules of risk management. Focus on long-term profits instead of short-term trading. To make the right decisions, always follow financial news and events. It is necessary to create a clear trading plan and strategy and stick to it. Use technical analysis tools to support decision making. Focus on the difference between return and risk instead of just focusing on profit.
Avoid emotional pressure when trading and stay relaxed and patient. In addition, learn and constantly improve your skills and knowledge of Forex trading to achieve success in the field.
The above notes will help you get the best results when participating in forex trading and ensure that you minimize your risks and maximize your profits.
