The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014. The BlackBull Markets brand also holds a license in the offshore island xcritical cheating nation of Seychelles with the Financial Services Authority (FSA). In May 2023, BlackBull Markets received an investment from Milford Asset Management, a prominent private equity firm in New Zealand, which included the appointment of an independent Chairman. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Michelle in customer service very…
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In my opinion, this is arguably scammed by xcritical a little high, but well within an acceptable range. High-volume traders may negotiate rebates with BlackBull Markets, and I appreciate the flexibility this broker provides in that department. BlackBull Markets was founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman. BlackBull Markets’ overall educational offering has made good progress recently with an expanded number of articles that are organized by category, yet still has long way to go to catch up to the best forex brokers for beginners. For example, the addition of quizzes and progress tracking features could help BlackBull further improve its educational offering for retail traders. We use proprietary AI technology to assist in some aspects of our content production.
BlackBull’s fee structure is favorably structured for active traders, including discounts for high-volume trading. The average spread cost for the EUR/USD pair using a Prime account stands at 0.76 after factoring in commissions, which is about industry average. BlackBull is a broker considered to be of “Average Risk” with a trust score of 78 based on rankings from ForexBrokers.com, providing a relatively secure trading environment. I had some specific questions around leverage (that the AI bot and generic pages didn’t answer well), margin calls and demo accounts. I can’t be more happy with my decision to choose these guys for my broker. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com.
- A typical raw spread of only 0.1 pips during the London/New York overlap is very competitive and an excellent offer from BlackBull.
- Considerable progress has been made in the broker’s research offering, though BlackBull Markets still trails behind the best forex and CFD brokers in this category.
- At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.
- The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000.
However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. BlackBull Markets offers the full MetaTrader suite, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop and web, and BlackBull Markets’ own BlackBull Shares platform (powered by Interactive Brokers’ TWS platform). Also available is TradingView, a popular trading platform that delivers a range of powerful charting functions and robust analysis tools. More recently, BlackBull further expanded its platform offering with the addition of its web-based BlackBull Trade platform powered by DXTrade. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). It’s also important to note that BlackBull Markets xcritically has a relatively small number of regulatory licenses.
Blackbull Markets Deposits & Withdrawals
Because after my confirmation that I want to withdraw my money, I have to wait for approval from someone and then 3-5 business days. Please, readers, notice that the main and the lot of positive reviews here is about the support team which undoubtedly is great, but is not about the brokerage for itself or other services from this company. The minimum deposit for the BlackBull Markets ECN Standard account is $0, for the ECN Prime $2,000, and for the Institutional one $20,000. While the minimum deposit for ECN Prime remains higher than some competitive brokers, I found them justifiable by cost and services provided and, therefore, acceptable and an excellent value for deposit requirement. While BlackBull Markets does not offer bonuses, it maintains an Active Trader Account where it presents qualifying traders with monetary incentives like lower commissions or services like free VPS hosting. Given the excellent trading infrastructure and competitive trading costs, I do not consider the absence of incentives for new retail traders as a negative factor.
Segregated Accounts
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. The mobile trading apps from BlackBull are functional, providing adequate tools for trading and monitoring markets from mobile devices.
