BlackBull Markets review - Regulations, Platforms, Instruments & Ratings.

4.352 • 89 REVIEWS
Updated: Mar 21, 2024
BlackBull.com

5 star review by Marc Gruender, Germany

I'm working with BlackBull Markets since the 10th December 2018. Since that time more than 600 of my traders followed me to BlackBull to trade there. The support is fast and competent. The Execution is fast and you have positive slippage too. Since ASIC regulated broker aren't allowed to take EU clients anymore, New Zealand is the last reliable "offshore" location and BlackBull Markets is the perfect broker for european clients searching for higher leverage. I can totally recommend BlackBull Markets.

What is BlackBull Markets?

BlackBull markets is a New Zealand regulated forex and CFD broker established in 2014.

BlackBullMarkets offers MT4 and MT5 platforms by MetaTrader with available WebTrader, desktop and mobile apps.  Black Bull trading instruments include over 70 forex currency pairs and CFDs for gold, Silver, Oil and Stock indexes.

BlackBull Market is integrated with ZuluTrade and Myfxbook copy-trading platforms, recently TradingView web platform was connected as well.

BlackBull offers some educational content for traders as well as in-house daily markets commentary.

Please read BlackBull Markets Reviews below and share live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $0
Established: 2014
Address: Level 20 188 Quay Street Auckland 1010, New Zealand
Contact: support@blackbullmarkets.com, (+64) 9 558 5142
Regional offices:
Regulators: FSPR #FSP403326, FMA #FSP403326, FSA-S #
Prohibited countries:
Trading platforms: MT4, MT5, WebTrader, TradingView
Web Trading: βœ… Yes
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (70+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (5+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities, Futures

Trading Conditions

EAs/Robots: βœ… Yes
News Trading: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

MAM: βœ… Yes
ZuluTrade: βœ… Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Cryptocurrency, FasaPay, Neteller, Skrill, UnionPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Cryptocurrency, FasaPay, Neteller, Skrill, UnionPay
* Please check broker website for more information
4.352 • 89 REVIEWS

Recent User Reviews of BlackBull Markets

M
Mar7usz
Kleve, Germany, Germany,
Mar 8, 2024,
Registered user

Blackbull Markets

Service use: Live Length of use: 6-12 Months
I would like to recommend Blackbull to any trader. They have a very good platform for trading, order execution is very fast and there is no slippage in placing orders. Withdrawals from earned traids are up to 2 business days in the account, whether via Visa card or to the Bank account. I haven't had any problems with this company. Great contact.
M
Reply by Client Services Team submitted Mar 11, 2024:
Hi Mar7usz,

Thank you sincerely for taking the time to leave a review! We're delighted to hear that you've enjoyed our service. Your feedback is highly valued. Should you require any further assistance or have any inquiries, please don't hesitate to reach out at any time.

Kind regards,
Customer Experience Team | BlackBull Markets
A
amahm
Australia, Australia,
Jan 31, 2024,
Registered user

Trustworthy and Reliable with Good Customer Service and High Leverage

Service use: Live Length of use: over 1 Year
I've been with BlackBull Markets for couple of years now.

They're headquartered in New Zealand and regulated by the Financial Services Authority in Seychelles.

They offer 500:1 leverage with both their standard spread and commission accounts.

Customer Service is excellent and prompt.

They offer MT4/MT5, Ctrader, and Tradingview as well as couple other platforms.

Had no issues with deposits or withdrawals

Their tech on Tradingview needs improvements but their MT4/MT5 I've tested without any issues.
A
Reply by Client Services Team submitted Feb 9, 2024:
Thank you sincerely for taking the time to leave a review!

It's lovely to hear that our service has been enjoyable. We highly appreciate your feedback.

Regarding your experience with TradingView, we take your feedback seriously and are promptly looking into the matter.

Your happiness as our client is our top priority, and we're eager to make things right. For any additional assistance or inquiries, please feel free to reach out at any time.

Kind regards,
Customer Experience Team | BlackBull Markets
A
aleste
EU, Serbia,
Mar 15, 2023,
Registered user

Avoid broker

Service use: Live Length of use: 0-3 Months
Massive slippage every trade avoid broker. Execution time is good but you will get slippage in every trade 0.5 pips +
A
Reply by Client Services Team submitted Mar 16, 2023:
Hi, aleste,

Thank you for taking the time. During holiday times, high volatility and illiquid markets, there is a risk of increased slippage and widening of spreads. We are an ECN broker and not a market maker, meaning we do not have control over these market conditions. We recommend you monitor your exposure closely, ensuring you have sufficient margin to avoid further problems.

Kind regards,
Client Experience Team | BlackBull Markets
A
arunricky
Sydney, Australia,
Jan 4, 2023,
Registered user

Worst support

Service use: Live Length of use: 3-6 Months
I have few MT4 accounts with Blackbull markets and they were deactivated due to inactivity that is ok with me but I needed statements for these accounts for Taxation.
I contacted them over chat and they asked me to send me an email. I sent them an email request to send me statements and their support staff without checking my accounts are deactivated sent me email to do it myself by logging into my accounts.
I thought I might have just forgotten the password and asked them to reset my password and then they sent me an email again to do it myself without check that accounts have been deactivated and resetting password won't work and on top of that they don't show MT4 account on their portal and I can't reset password even if accounts were active.

This all happened over multiple days while I was waiting and contacting their support team on chat and they kept on insisting to send email to support instead helping me on chat.
After many days they sent me activity reports that were useless as there was no overall PnL. I contacted them again to send me proper reports and no one bothered replying. I has taken more than 1.5 months to get useless information from them.
I stopped using this broker many months ago due to many other issues like charging for withdrawl and no easy way to make deposits, wide spreads and so on
A
Reply by Client Services Team submitted Jan 5, 2023:
Hi arunricky,

We are unable to find the correspondence that you mention or even verify you as a client of ours. Can I kindly ask you to reach out to our team regarding this issue so that we can further assist you?

Thank you in advance.

Kind regards,
Client Experience Team | BlackBull Markets
T
tradr
NZ, New Zealand,
Dec 12, 2022,
Registered user

Stop outs

Service use: Live Length of use: 3-6 Months
BlackBull overall is great, easy to deposit money and you can link with MT and Trading View. But the stop-outs should be able to be changed my the customer. I get that you don't want us to have negative balance or something, but we should be able to change the amount. When I had started, the stop-out had screwed me because the stop-out would go off because I hadn't planned well. But the next day the price shot up, but if it weren't for the stop out I wouldn't have lost half my balance.

I get the reasoning for it but even if it could be as low as 1%.
T
Reply by Client Services Team submitted Dec 14, 2022:
Hi, tradr,

Thanks for your review, it's much appreciated. Our margin calls are set at 75% and stop outs at 50%, this is a global setting applied across all clients and we can not adjust this on a client-by-client basis. This is done to protect clients from reaching a negative balance and is at some of the lowest levels in the industry, especially when trading with high leverage.

Kind regards,
BlackBull Markets

Frequently Asked Questions

Is BlackBullMarkets a good broker?

Unbiased traders reviews on ForexPeaceArmy is the best way to answer if Black Bull Markets is a good broker. https://www.forexpeacearmy.com/forex-reviews/11640/blackbullmarkets-forex-brokers

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we'd recommend to check recent Black Bull Markets community discussions: https://www.forexpeacearmy.com/community/tags/blackbullmarketscom.

Is BlackBullMarkets legit?

BlackBullMarkets is a New Zealand company. It is the trading name of BlackBullGroupLimited.

BlackBullGroupLimited is registered with the Financial Services Provider Register (company number:5463921).

It is well recommended to verify the regulatory information and read the traders' reviews on ForexPeaceArmy from time to time as regulatory information can change and services can get better or worse. https://www.forexpeacearmy.com/forex-reviews/11640/blackbullmarkets-forex-brokers.

What is the maximum leverage for BlackBullMarkets?

BlackBullMarkets offers a maximum leverage of 500:1 for all types of forex accounts.

What account types does BlackBullMarkets offers?

BlackBullMarkets offers three types of forex accounts which are:
  • Standard account
  • Prime account
  • Institutional account
All the three types are equipped with leverage up to 500:1.

Does BlackBullMarkets offer Islamic (swap-free) accounts?

Islamic, in another word swap-free, accounts are offered in BlackBullMarkets's Standard, Prime and Institutional Accounts, retaining all the features of the regular account types.