How is BlackBull Markets? Is it Reliable?
BlackBull Markets started operations in Auckland, New Zealand, in 2014, serving thousands of traders from over 180 countries/regions. It offers more than 26,000 tradable instruments, including stocks, forex, CFDs, and commodities.
Introduction to BlackBull Markets
BlackBull Markets, founded in 2014, is a forex and CFD broker headquartered in New Zealand.
The broker has been authorized by the New Zealand Financial Markets Authority (FMA) since 2020 and was registered with the Financial Service Providers Register (FSPR) at the end of 2014. BlackBull Markets also holds a license from the Seychelles Financial Services Authority (FSA).
Since 2014, BlackBull Markets has served thousands of traders from over 180 countries and has become a trusted and regulated ECN broker offering over 26,000 tradable instruments, including stocks, forex, CFDs, and commodities.
Security of BlackBull Markets
BlackBull Markets is authorized and regulated by the Seychelles Financial Services Authority (FSA) under license number SD045, adhering to strict anti-money laundering (AML) and counter-terrorism financing (CTF) policies.
BlackBull Markets protects traders' funds through:
- Tier 1 Bank Partnerships: Traders' funds are securely held in Tier 1 banks in New Zealand, specifically ANZ Bank, New Zealand's largest and oldest financial services group, and a globally trusted, sustainable bank.
- Segregated Accounts: Traders' funds are kept in segregated accounts separate from company operational funds.
- Regulatory Environment: BlackBull Markets operates in a regulated environment, strictly complying with financial and operational standards.
BlackBull Markets Service Features
- Spreads from 0.0: Traders can experience ultra-low spreads starting from 0.0 pips for precise trading.
- 1:500 Leverage: Amplify trading potential with leverage up to 1:500.
- 24/7 Customer Support: Round-the-clock assistance whenever needed.
- 26,000+Tools: Access to 80+ markets and over 26,000 tradable instruments.
- <100ms Execution: Experience unparalleled execution speed for each trade.
BlackBull Markets Account Types
BlackBull Markets offers three forex trading accounts: ECN Standard, ECN Prime, and ECN Institutional. All accounts are based on ECN execution and provide competitive trading conditions through a no-dealing desk model, catering to various trading scales and portfolios.
Active traders can also find customized solutions and additional services, such as VPS hosting, advanced reporting, and rebate programs. All accounts support forex EA and scalping and incur no inactivity fees for dormant accounts.
- Standard Account: Commission-free with no minimum deposit requirement but higher spreads.
- Prime Account: Offers lower spreads, requires a minimum deposit of $2,000, and charges a commission.
- Institutional Account: Designed for active traders with a minimum deposit of $20,000, with a commission rate of $2 per side or $4 per trade.
Account type comparison：
| Account Type | ECN Standard | ECN Prime | ECN Institutional |
|---|---|---|---|
| Suitable for | Beginner traders | Experienced traders | Large traders |
| Spreads (pips) | From 0.8 | From 0.1 | From 0.0 |
| Commission | None | $6.00 per trade | $4.00 per trade |
| Minimum Deposit | $0 | $2,000 | $20,000 |
| Equinix Servers | NY4/LD5 | NY4/LD5 | Custom options |
| Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
BlackBull Markets Account Opening Process
The process for opening an account with BlackBull Markets is very simple, click on "Open an account with BlackBull Markets now"!
Step 1: Enter your email address on the blackbull.com homepage and click “Join Now.”
Step 2: Enter personal information and set a password for your BlackBull Markets account.
Step 3: Fill in account type details and your address.
Step 4: Choose the conditions for your first trading account, whether Standard or Prime.
Step 5: Provide employment information and source of funds.
Step 6: Complete a suitability test, answering at least 4 out of 5 questions correctly.
Step 7: Verify your account by providing a scanned copy or photo of identification documents (passport or driver's license) and address proof.
Step 8: Wait for approval and fund your account.
Proof Documents
Ensure you have the following documents ready before registration:
- Identity Proof: Current, color documents clearly showing your name, date of birth, and validity.
- Passport
- National ID
- Address Proof: Must show your name and current address, dated within the last three months.
- Utility bill
- Bank statement/financial institution statement
- Government-issued letter
BlackBull Markets Deposits and Withdrawals
Deposit Process
Use a variety of local payment methods to deposit funds into your trading account in just three easy steps. BlackBull Markets does not charge deposit fees.
- Choose Wallet: Select the account to deposit funds into and click “ADD FUNDS.”
- Choose Method: Select the deposit payment method.
- Specify Amount: Enter the deposit amount and click “Next.”
Available Deposit Methods：
| Payment Method | Processing Time | Minimum Deposit | Maximum Amount | Supported Currencies |
|---|---|---|---|---|
| Visa | Processed instantly | $50 | $50,000 | Multi-currency |
| Mastercard | Processed instantly | $50 | $50,000 | Multi-currency |
| Bank Transfer | 1-3 business days | $1 | N/A | Multi-currency |
| Cryptocurrency | Processed instantly | $25 (depends on network) | $50,000 | BTC, ETH, USDT, USDC, XRP, LTC, LINK, BCH, XLM |
| Airtm | Up to 24 hours | $1 | $10,000 | Multi-currency |
| Neteller | Processed instantly | $50 | $50,000 | Multi-currency |
| Skrill | Processed instantly | $50 | $50,000 | Multi-currency |
| UnionPay | Processed instantly | CNY 3,500 | CNY 3,500 | Multi-currency |
| AstroPay | Processed instantly | $5 | N/A | Multi-currency |
Withdrawal Process
Withdraw funds from your trading account in just three easy steps using a variety of local payment methods.
- Choose Method: Select the account to withdraw from and click “Withdraw Funds.”
- Choose Wallet: Select the withdrawal payment method.
- Specify Amount: Enter the withdrawal amount and click “Next.”
Available withdrawal methods：
| Payment Method | Processing Time | Minimum Withdrawal | Maximum Amount | Fees |
|---|---|---|---|---|
| Visa | Processed instantly | $10 | Initial deposit amount | $5 |
| Mastercard | Processed instantly | $10 | Initial deposit amount | $5 |
| Bank Transfer | 1-3 business days | $1 | N/A | $5 |
| Airtm | 1 business day | $1 | $10,000 | $5 |
| Neteller | Processed instantly | $50 | N/A | $5 |
| Skrill | Processed instantly | $50 | $50,000 | $5 |
| AstroPay | Processed instantly | $5 | N/A | $5 |
BlackBull Markets Trading Platforms
BlackBull Markets offers multi-asset trading platforms including MetaTrader 5 (MT5) and MetaTrader 4 (MT4), available on desktop, web, and mobile (iOS and Android).
Additionally, BlackBull Markets provides TradingView and cTrader, which are accessible via the iOS and Google Play stores. TradingView, MT4, MT5, and cTrader are available for all account types.
MT4
BlackBull Markets provides the MT4 trading platform. Trading with MT4 on the web and mobile allows for its multifunctionality, including simple price analysis, trading signals, and expert advisor tools. MT4 offers up to 26,000 tradable assets with leverage up to 1:500.
MT5
BlackBull Markets offers the MT5 trading platform with no minimum deposit requirement.
- MT5 is available on Android, iOS, Windows desktop, Mac, and web browsers.
- MT5 supports the application and execution of algorithmic trading software and expert trading systems (EAs).
TradingView
Trading with TradingView at BlackBull is available with a free TradingView Pro account, offering leverage of up to 1:500 and no minimum deposit requirement.
- Multiple Chart Indicators: Up to 25 indicators per chart to help traders understand recent market trends and make trading decisions.
- Strategy Tester: Use historical data and detailed reports to test strategies and settings.
- Advanced Technical Analysis: Utilize over 100 pre-built technical indicators and more than 1,000 custom technical indicators.
- Powerful Analysis Services: Filter assets based on over 100 descriptive and technical criteria.
cTrader
cTrader is accessible on desktop, web, and mobile devices, loaded with features including algorithmic trading, copy trading, and a range of built-in widgets from sources like Trading Central and FXStreet.
- Available on Android, iOS, Windows desktop, and web browsers.
- Includes stop-loss, take-profit, pending orders, smart stop-loss, and other risk management tools.
- Allows creation and running of automated strategies, indicators, and scripts using "cTrader Automate" available on the platform's desktop version.
BlackBull Markets Trading Products
All accounts at BlackBull Markets provide access to different markets, offering excellent trade execution, competitive costs, and a broad range of tradable products, including 70 currency pairs, major market indices and stocks, precious metals like gold and silver, cryptocurrencies, and commodities like natural gas and oil.
- Forex: Trade major, minor, and exotic currency pairs with spreads starting from 0.0 pips, leverage up to 1:500, and average execution speeds of less than 20 milliseconds.
- Energy: Includes Brent Crude Oil, WTI Crude Oil, and Natural Gas. Suitable for traders focused on oil markets and energy prices.
- Precious Metals: Offers some of the best conditions for gold and silver traders, including low spreads and commissions for optimal profit opportunities from metal price movements.
- Stock Indices: Diversify investments through index CFDs. Major indices such as NASDAQ 100, S&P 500, and Dow Jones Industrial Average can be traded at BlackBull Markets.
- Cryptocurrencies: Trade cryptocurrencies via CFDs at BlackBull Markets, but not through direct asset purchases (e.g., buying Bitcoin).
- Stocks: Trade CFDs on popular stocks like Tesla, Apple, and Amazon without owning the underlying assets. BlackBull Markets offers stocks from all major stock markets with 24/7 customer service covering major US stocks like Tesla (TSLA), Meta (META), Apple (AAPL), etc.
FAQs
What is the TradingView screener feature?
-
The tool for searching stocks and arranging them according to the parameters that interest you is located between the “News” and “Community” tabs at the top of the homepage, and also displays a heat map of stocks and cryptocurrencies, which is also available on the bottom tab of the chart view.
Can I switch between different account types?
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Traders can switch flexibly between different account types by contacting customer support.
What is the wallet function?
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The wallet is a fund management tool allowing for deposits, withdrawals, and internal transfers to any trading account. All deposits and withdrawals are processed through your wallet. Traders can create up to five different wallets, one for each currency.
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