BlackBull Markets Review (2024)

BlackBull Markets Ratings at a Glance

BlackBull Markets is an ECN broker. ECN brokers don’t compete with their customers. Instead, this fintech company uses the electronics network to match forex and CFD buyers and sellers, removing conflicts of interest. ECNs are complex systems connecting buyers and sellers across the globe. They facilitate quick trading and accurate spreads.

BlackBull Markets is a multi-asset broker and provides traders with over 26,000 tradable assets. These assets include 72 currency pairs, shares, indices, oil, metals and cryptocurrencies.

BlackBull Market traders can choose from three ECN accounts — Standard, Prime and Institutional. Each of the accounts has different deposit requirements and cost structures. The company also caters to Islamic needs with its swap-free Islamic account. All users can access leverage of up to 500:1.

There aren’t many brokers that give traders as many choices as BlackBull Markets do. Apart from the vast number of assets on offer, users can trade on any of five supported platforms, including MT4 and MT5 platforms and the proprietary BlackBull Shares app. Innovative technology ensures fast and efficient transactions.

BlackBull Markets has a forex investing education library, neatly divided into Beginner, Intermediate and Advanced sections. It offers well-made and presented video guides. Videos demonstrate how to use and customize the MT4 trading platform and create templates. Market analysis tools help you along the way. Users can access an economic calendar, but the analytical tools are limited and not as advanced as those provided by some of the competing platforms.

BlackBull Markets provides 24/7 dedicated customer support via Live Chat, email or telephone. All clients have a dedicated account manager to assist with platform use and services. BlackBull won Best in Class for Offering of Investments in ForexBrokers.com’s 2023 Annual Awards for its exceptional service and commitment to the trading community. The company makes client satisfaction its priority. Its friendly support team and dedicated account managers provide 24/7 support in multiple languages via email, live chat and phone. It has an active presence on LinkedIn, Twitter, Instagram, Telegram, WhatsApp, YouTube and Facebook.

The limited liability company, BBG Limited, is BlackBull Markets’ holding company. BBG Limited is registered in Seychelles. The Financial Markets Authority (FMA) in New Zealand and the Financial Services Authority (FSA) in Seychelles license and regulate BlackBull Markets. Regulators monitor the privacy and anti-money laundering policies of all licensed service providers. They also ensure that client and company funds remain segregated.

BlackBull Markets provides negative balance insurance, so traders can’t lose more than they deposited.

If you sign up with BlackBull Markets, you can choose from three accounts, Standard, Prime and Institutional. You don’t need to deposit any cash to trade on the Standard account. There is no commission, but the spread, at $0.8, is significantly higher than the spreads on the other two accounts. The minimum deposit for a Prime account is $2,000. A $20,000 deposit is required to open an Institutional account, but commissions are negotiable.

BlackBull Markets charges no inactivity fee. There are also no account fees or fees for deposits, but you’ll pay a $5 withdrawal fee. The nine base currencies function as a money saver because you won’t have to pay conversion fees if you transact in your own currency.

Fund your account using bank cards, a bank transfer or an electronic wallet. Though bank transfers take a few days, credit and debit card deposits are immediately available.

BlackBull Markets is a multi-award-winning platform. It is well laid out and easy to navigate. It takes just five minutes to register and set up your account, and you can start your forex investing journey. All you need is proof of identity and residence.

As an ECN broker, BlackBull Markets allows users to trade outside regular trading hours and charges competitive rates. ECNs are also more private and can offer anonymity. BlackBull Markets offers traders a Virtual Private Service (VPS) for a monthly fee.

You can try the BlackBull Market trading experience using the demo account. Trade for 30 days using $100,000 in virtual funds and actual market pricing. BlackBull Market also provides copy trading facilities, including ZuluTrade.

You can choose from three different ownership options. These include individual, joint and company accounts.

Institutional traders can earn revenue on the BlackBull Markets affiliate program. The program offers incentivized bonuses and payments for new client introductions. Every aspect of the referral program is designed to meet innovative marketing needs. The program provides personal support and tools for tracking business growth. Partners enjoy the guidance of a Personal Affiliate Manager with years of industry experience.

BlackBull Markets vs. Competitors

BlackBull Markets compares well to competing products. Its wide range of financial assets and supported platforms gives traders plenty of choices. The company offers 24/7 live customer service and tight spreads.

The zero deposit Standard account makes it easy for anyone to start trading, and it takes five minutes to sign up. Some of the competing products have a more extensive range of research tools, but BlackBull’s MetaTrader charts and analytics are well-understood and easy to use.

As product offerings go, the award-winning BlackBull Markets ticks all the boxes. It supports a range of platforms, including MT4 and MT5 platforms. Users have an extensive choice of financial assets, while 500:1 leverage facilitates margin trading. A 30-day demo account allows would-be traders to evaluate the process with $100,000 in virtual funds.

Partnerships with social trading platforms enable copy trading. A well-designed training library caters to beginners, intermediate and advanced traders.

Frequently Asked Questions