BlackBull Markets review

On-line since: 2014
Country of origin: New Zealand
Regulation: Financial Service Provider Registry (FSPR)
Payment options: credit/debit cards, wire transfer, Skrill, Neteller, China Union Pay, and FasaPay electronic payments systems
Minimum account size: $200
Minimum lot size: 0.01
Leverage: up to 1:500
Spreads: from 0.1 pip

BlackBull Markets is an NDD brokerage company that allows customers from all over the world to trade currency pairs, CFDs on indices, commodities, precious metals, and energy. The firm was founded in 2014 in Auckland, New Zealand, where its head office is located.

Working with the company, customers can contact a personal account manager who provides round-the-clock personalized assistance. Users also have access to daily reviews and current market analyses. BlackBull Markets offers segregated accounts that guarantee the safety of client funds.

The distinct advantage of the broker is an ability to trade through such popular platforms as MetaTrader 4 (and its online version WebTrader) as well as advanced MetaTrader 5. In addition, the company offers the lowest spreads (from 0.1 pip) and fairly high speed of order execution.

BlackBull’s clients can choose one of the following account types: Standard, Prime, and Institutional.

• A Standard account is perfect for beginners. The minimum deposit is only $200, spreads start from 0.8 pip, and there are no commission fees.
• A Prime account is suitable for experienced market participants who are good at the ECN technology. To open this type of a trading account, a client is required to deposit at least $2,000. Spreads start from 0.1 pip, and a commission of $6.00 R/T per lot is charged.
• An Institutional account is designed to benefit сustomers who need institutional services and functionality. The initial deposit amount is $20,000. Spreads start from 0.0 pip. A commission is determined on an individual basis. The minimum trade size of 0.01 lot and flexible leverage up to 1:500 are relevant for all the offered account types.

Besides, BlackBull Markets provides its customers with an Islamic account (with no swaps).

For successful traders with high trading volumes, the broker offers a system of discounts and bonuses. For more details, a client can contact the company’s representatives via email.

BlackBull Markets customer support is available from Monday to Friday (10:00 am - 11:00 pm NZT). The official website of the company features its head office address, email, and a phone number. If there is an urgent need to get advice or ask something, traders can click on the green window in the lower right corner of the website, thus starting a live chat. This type of support is accessible 24/5. Also, clients can obtain the necessary information by opening the Client Support section on the broker's official website that features frequently asked questions with detailed answers to them.

BlackBull’s customers can use several methods to top up their accounts: credit/debit cards, wire transfer, as well as Skrill, Neteller, China Union Pay, and FasaPay electronic payment systems. When withdrawing funds, no fees are charged by the broker. However, the sending bank may charge a commision for payment transactions. As for fund withdrawals using credit cards, electronic payment systems, and international wire transfer, the commission is 5.00 units of the base account currency.

BlackBull Markets is run by a team of skilled and truly successful professionals with over 10 years of experience in the forex market, financial technology, and, most importantly, data security.