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BlackBullMarkets.com Review Visit site

Updated: Dec 16, 2018
4.735 · 53 REVIEWS
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BlackBullMarkets is a forex broker. Black Bull Markets offers the MetaTrader 4 and Mobile forex trading top platform. BlackBullMarkets.com offers over 35 forex currency pairs, oil, gold and silver for your personal investment and trading options.


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BlackBullMarkets.com profile provided by Client Services Team, Apr 25, 2018

We were founded with the goal of becoming the leading online Financial Technology and Foreign Exchange broker. BlackBull Markets is a true ECN, No Dealing Desk brokerage specializing in Forex, CFDs, Commodities, Fibre Optic Communications and Fintech solutions for a global clientele.

Institutional grade products available to our Retail Clients:
An unrivaled depth of market (up to 100 lot trades per click at 1:500 leverage)
Proprietary trade-order aggregation system decreasing spreads while increasing execution speeds and available markets
Customised account support with personal account manager with 24/6 live support
FREE Virtual Private Servers (VPS) service with Prime spreads.


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4.735 · 53 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Dec 10, 2018,
Registered user

Issue resolved

This is a follow up to the review I left on Nov, 22, 2018 titled "Beware of institutional account". Since I made the review, blackbull team has made the effort to correct the issue and I'm quite happy with what they've done for me. So it is time to update my rating to 5 stars. They show that they actually care about their clients and try to make up for their mistakes. Keep up the good work and I hope you guys prosper and be a successful trading firm.

Thank you.

Nov 22, 2018 - 2 Stars I have been with Blackbull for about 4 months now. Started with Prime account then upgraded to Institutional account which supposedly has better spreads than the Prime according to their claim.

Guess what?

It doesn't. In fact, it is the exact opposite. The spreads for all the pairs "appear" to be better on the market watch window in MT4, but when you actually open or close a position, somehow it places the order way above the "ask" if you're buying or below the "bid" if your selling. So, in short, it has about 10 point(1 pip) wider spreads for EURUSD than the Prime in "behind scenes". For other cross pairs, situation is even worse as it could be as wide as 50 points.

I raised the issue with support team, even sent them video clips of my findings and I am demanding a total compensation for all my trades made with institutional account because basically my money was stolen. I am very shocked and even feel cheated by this issue and wanted to let everyone out there know about this issue.

I'm rating Blackbull as 2 stars right now until this issue is fully resolved TODAY. If it is not, I have to give them 1 star and will have to take other measures. If it is resolved in timely manner, I will change it to 5 stars as they do have excellent customer service and withdrawal procedure.

So, if anyone out there has an institutional account with them, see for yourself. Make 0.01 lot trades as tests. You won't believe what you'll find. I know I didn't at first.

Will update soon.

Reply by Client Services Team submitted Nov 26, 2018 Hi Tae, thank you for raising this with us. This is a priority for our team to investigate and we will come back to you with feedback as soon as possible around this issue.

We have reduced commissions on your account by 33% and have moved your account to our Prime feed which should be more stable for your strategies.

We hope that you can reconsider this review once we have reached a comprehensive conclusion.

For any further discussions, please feel free to speak with us or your Account Managers.

Kind regards,

Support Team

BlackBull Markets
Nigeria, Nigeria,
Dec 1, 2018,
Registered user

Well, I have been using blackbullmarkets for about 4 months now, Deposit smooth, withdrawal smooth, Order executes instantly without any funny glitches. ECN spread for standard ECN without commision.

However, i will like if they can increase their instruments and allow weekend trading for crypto. It would just be beyond perfect that it presently is to use their services.
Kyoto, Japan,
Nov 9, 2018,
Registered user

Highly recommended

Great great broker. I tried to find the most reputable broker allowing leverage 500 by filtering all scam brokers and Black bull came out as the broker without any negative reviews. I then engaged trade with them and i discovered the spread is very small and they are NOT market makers. Franky a great broker! the only little glitch i would say is that the max lot position is 100 lots and for OIL, 1 K per position.
The sales man contacted me from Black bull market and told me that they can increase the max lot size eventually.

When you hunt for a god broker, don t go for the brokers offering bonuses. The way they make back their money is with terribly huge spread and anyway you may never see the bonus at all in most cases.

Black bull market does not offer bonuses but you are in a good hands.
Usually when the broker is a cheater it will bring you bad luck in your trade as well. For me black bull is the best ever.
I have tried plus500, XM, : complete scams. they cheat as much as they can.

When selecting a good broker you should go with a broker with a trade room and chief economists and regulated. Some banana republic brokers don t have that and your money is at risk as well as your trade luck.
Canada, Canada,
Sep 18, 2018,

Excellent brokers

Hi. I joined Blackbull couple of months and they are excellent broker. I deposited with visa card, and it was processed very fast. Broker is very well regulated and trusted. I recommend them and their supportive team.
Toronto, Canada,
Sep 17, 2018,

I have had great service with this broker, especially being a Canadian with many brokers not offering the leverage that BlackBullMarkets done. From depositing to withdrawals there are minimal fees and I am able to trade in Canadian dollars keeps me going with this broker. This one's a keeper!
Sep 10, 2018,
Registered user

This broker took so much time to verify my account, That I went to another broker.

Very unresponsive support.
Reply by Client Services Team submitted Sep 27, 2018:
Hi Janito, thank you for providing your feedback here. We aim to approve all accounts within 24 hours and our colleagues have sent you an email with a timeline from when we received your documents to the eventual account opening. This time period was well within the 24 hour guideline time.

We are always seeking ways of increasing efficiency here and understand the urgency to get into the Markets, however, we also have to abide by strict KYC/AML requirements, as per the FMA guidelines.

We hope this makes sense and for any questions, please let us know.

Kind regards,
Support Team at BlackBull Markets.
cali, Colombia,
May 21, 2018,
Registered user

excellent service and excellent costs

I have done a lot of research while switching brokers and have chosen this company. They have made a very positive impression due to their customer service. I use live chat and it is always fast and concise. They understand the value of customer service. Additionally, they provide very tight spreads, plenty of pairs, market news, and flexible terms. They earned my business.
Selcuk Dermus,
Istanbul, Turkey,
May 4, 2018,

I am having very good experience with BlackBull Markets. They are very good with the services and the trading. Spreads are very nice and I only want to trade with them.
Kiev, Ukraine,
Apr 27, 2018,
Registered user


they contacted me and very culturally explained the reason for the error and compiled my costs the company is customer-focused

Apr 25, 2018 - No Rating I was contacted by a representative of the company and we kindly talked to the client-centered company.

Apr 24, 2018 - 1 Star Alice Chen the support staff almost ignored the questions when withdrawing money, you can see your protective csv code on the card. this can be used by scammers.

Reply by Client Services Team submitted Apr 25, 2018 Dear Lenski,

First of all, please accept our sincere apologies for your experience. Clearly, we have let you down on this occasion. We here at BlackBull Markets take clients' feedback very seriously and thrive to go the extra mile and deliver excellent customer service.

Our Client Services Manager will reach out to you and discuss this matter further and help you resolve the query.

Thank you for your feedback and we look forward to serving you again!


Client Services Team | BlackBull Markets
Laurence Yang,
Hong Kong, Hong Kong,
Apr 25, 2018,

Recommend this broker !

Very very good broker. Service of the team is excellent. Order execution also very good. Good platform to copy trades from the fund manager. Very good fund managers from MAM to chose from as well.
Reply by Client Services Team submitted Apr 28, 2018:

Thank you for the positive feedback Laurence. We appreciate that you are enjoying our newly launched Copy Trader platform. Also, its great to see that your PRIME account with BlackBull is performing well.

If you need any further assistance, please reach out via 24/5 Live Chat support.

Best Regards,
Client Services Team | BlackBull Markets.