BlackBull Markets Review 2020

BlackBull Markets Rated 3/5
learn more Learn more about eToro. 75% of retail investor accounts lose money when trading CFDs with this provider.
BlackBull Markets Screenshot

BlackBull Markets Guide

BlackBull Markets are an online broker founded in 2014 offering Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

BlackBull Markets are a global broker and have a head office in New Zealand.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of BlackBull Markets we break down the pros and cons. What BlackBull Markets are able to offer, what countries BlackBull Markets are available in. Who BlackBull Markets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with BlackBull Markets

Open BlackBull Markets's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to BlackBull Markets

With this review we hope to help you see if BlackBull Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding BlackBull Markets that will help you get off to a good start in the world of online trading.

BlackBull Markets Review Table of Contents

BlackBull Markets what you should know

BlackBull Markets offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With BlackBull Markets you will need a minimum deposit of $200. You can sign up for a demo account to acquaint yourself with BlackBull Markets platform.

BlackBull Markets are able to accommodate various levels of traders whether you are experienced or a beginner.


Are BlackBull Markets safe?

When choosing a broker like BlackBull Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2014, and in operation for 6 years BlackBull Markets have a head office in New Zealand.

BlackBull Markets is regulated. This means BlackBull Markets are supervised by and is checked for conduct by the Financial Services Providers Register (FSPR), FSPR number: FSP403326 regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to BlackBull Markets, this will be honored. If BlackBull Markets violate any regulatory rules their regulated status could be stripped.

Any payments funded to BlackBull Markets accounts by traders are held in a segregated bank account.

For added security BlackBull Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with BlackBull Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit BlackBull Markets

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker BlackBullmarkets eToro IC Markets FP Markets
Year Established 2014 2006 2007 2005
Head Office New Zealand Cyprus, UK Australia Australia
Regulation Financial Services Providers Register (FSPR), FSPR number: FSP403326 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 60,000+ 10,000+
Negative balance protection No No Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit BlackBull Markets Visit eToro Visit IC Markets Visit FP Markets
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits

BlackBull Markets Pros and Cons

What we like about BlackBull Markets

  • Used by over 10,000 traders
  • Established in 2014
  • Regulated by Financial Services Providers Register (FSPR), FSPR number: FSP403326
  • Min. deposit from $200

What we don't like about BlackBull Markets

BlackBull Markets Financial Regulation and Supervision in more detail

We have checked and BlackBull Markets is regulated and supervised by reputable organisations. You are able to check every BlackBull Markets supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with BlackBull Markets. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect BlackBull Markets traders and provide a safe trading environment.

  • Financial Services Providers Register (FSPR)
  • FSPR number: FSP403326

BlackBull Markets is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as BlackBull Markets you should be sure they're legitimate online agent.

BlackBull Markets Awards

BlackBull Markets have won numerious industry awards over the 6 years they have been operating as a financial broker. We list the most notible awards and mentions for BlackBull Markets below.

  • Uses the Award-Winning MetaTrader 4 Platform

BlackBull Markets General Fees

  • BlackBull Markets withdrawal fees varies on payment method
  • BlackBull Markets doesn't charge inactivity fees
  • BlackBull Markets does charge deposit fees
Broker BlackBullmarkets eToro IC Markets FP Markets
Min Deposit 200 200 200 100
Withdrawal Fees varies Yes No No
Inactivity Fees No Yes No No
Deposit Fees No Varies Yes
CFD Commission Fees No Yes Yes

BlackBull Markets Commissions

  • BlackBull Markets does charge commission on CFD instruments.

What can you trade with BlackBull Markets?

Be aware that Different entities under BlackBull Markets Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with BlackBull Markets over 60 instruments infact.

If you are looking at trading currency pairs BlackBull Markets offer over 50 currency pairs.

Compare BlackBull Markets with eToro and IC Markets below.

Your capital is at risk

Broker BlackBullmarkets eToro IC Markets FP Markets
Instruments Available 60 100 232 100
Platforms MT4,MT5,mac,Android.iPhone/iPad Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps
FX / Currencies Visit BlackBull Markets Visit eToro Visit IC Markets Visit FP Markets
Forex pairs offered 50 50 65 60
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit BlackBull Markets Visit eToro Visit IC Markets Visit FP Markets
Commodities Offered 0 0 19 18
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit BlackBull Markets Visit eToro Visit IC Markets Visit FP Markets
Stocks Offered 957 100 10000
UK Shares Yes Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on BlackBull Markets web platforms and other applications

BlackBull Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An BlackBull Markets IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

BlackBull Markets also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See BlackBull Markets's platforms

BlackBull Markets Trading benefits :

  • Allows scalping
  • Offers STP
  • Low min deposit

BlackBull Markets Trading Accounts Offered :

  • Demo account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try BlackBull Markets before I buy?

BlackBull Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

BlackBull Markets withdrawal and funding methods.

Please note that the list of payment methods below depend on the BlackBull Markets Entity and the Clients Country of Residence.

BlackBull Markets offer the below funding payment methods. learn more about BlackBull Markets

  • Credit cards
  • Skrill
  • Neteller
Broker BlackBullmarkets eToro IC Markets FP Markets
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No
Neteller Yes Yes Yes Yes

How can I start trading with BlackBull Markets?

When opening a trading account with BlackBull Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on BlackBull Markets trading platforms here.

Performing trades with BlackBull Markets

BlackBull Markets allow you to execute a minimum of trade of varies. This may vary depending on the account you open. BlackBull Markets allow you to execute a maxium trade of varies. As BlackBull Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

BlackBull Markets Leverage and BlackBull Markets CFDs Explained

let's take a look at some of the basics of using BlackBull Markets leverage.

BlackBull Markets offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

BlackBull Markets leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the BlackBull Markets trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The BlackBull Markets leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

BlackBull Markets CFDs are typically used for short to medium term trades. For example BlackBull Markets intraday trading.

Education resources at BlackBull Markets

To trade effectively with BlackBull Markets, it's important to get a have a good understanding of the BlackBull Markets trading tools and the markets.

BlackBull Markets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with BlackBull Markets.

Take time to look around the BlackBull Markets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at BlackBull Markets

BlackBull Markets support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

BlackBull Markets have a A grade support rating because BlackBull Markets offer over three languages.

Livechat Support at BlackBull Markets

We tested the BlackBull Markets live chat and it works well. We sent messages to BlackBull Markets livechat through their app and website and recieved a response within 8 minutes.

We tested communicating with BlackBull Markets support in multiple languages in multiple countries. BlackBull Markets where able to resolve our customer issues.

Email Support at BlackBull Markets

We sent several emails to BlackBull Markets and answer times overall were excellent. The fastest response from BlackBull Markets was less than 40 minutes and the slowest response was 9 hours. Support response times may vary for you with BlackBull Markets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall good email support from BlackBull Markets.

Phone Support at BlackBull Markets

We called BlackBull Markets and the call was answered very quickly. The call was answered in less than 5 minutes.

The BlackBull Markets phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual BlackBull Markets team by calling in varying languages. BlackBull Markets made an effort to make sure our queries were answered.

Overall the phone support from BlackBull Markets was okay.

See how BlackBull Markets Support Compares Against Other Brokers

Broker BlackBullmarkets eToro IC Markets FP Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese
Learn More Visit BlackBull Markets Visit eToro Visit IC Markets Visit FP Markets
Risk Warning Your capital is at risk 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits

What you will need to open an account with BlackBull Markets

As BlackBull Markets is regulated by Financial Services Providers Register (FSPR), FSPR number: FSP403326, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under BlackBull Markets Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore BlackBull Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with BlackBull Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://blackbullmarkets.com on 12th August 2018.

Watch this BlackBull Markets Informational Video

Is BlackBull Markets A Good Broker?

We spent over 3 months examining BlackBull Markets in depth. Although we found some very useful aspects of the BlackBull Markets platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative BlackBull Markets broker.

  • BlackBull Markets have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • BlackBull Markets has a history of over 6 years.
  • BlackBull Markets has a reasonable sized customer support of at least 10.
  • BlackBull Markets are regulated by Financial Services Providers Register (FSPR), FSPR number: FSP403326. This means BlackBull Markets fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • BlackBull Markets have regulation from a Tier 1 reputable country.
  • BlackBull Markets has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • BlackBull Markets have an international presence in multiple countries. This includes local BlackBull Markets seminars and training.
  • BlackBull Markets are able to hire people from various locations in the world who can better communicate in your local language.

BlackBull Markets Risk Disclaimer

Your capital is at risk

BlackBull Markets not quite right?

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We have spent years researching the best alternatives to BlackBull Markets. Click the links below to learn more.

If you feel some of the above BlackBull Markets are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of BlackBull Markets alternatives below.

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If you would like to see how BlackBull Markets stands up against other brokers you can read some of our BlackBull Markets comparisons below. We compare side by side some of our top rated BlackBull Markets versus comparisons. Read some indepth BlackBull Markets VS pages below.

BLACKBULL MARKETS Frequently Asked Questions

Can I try BlackBull Markets before I buy?

BlackBull Markets offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do BlackBull Markets accept?

Please note that the list of payment methods below depend on the BlackBull Markets Entity and the Clients Country of Residence.

BlackBull Markets offer the following funding payment methods accept Credit cards, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

Is BlackBull Markets safe?

BlackBull Markets are considered safe as they are regulated by and checked for conduct by the Financial Services Providers Register (FSPR), FSPR number: FSP403326. Any payments funded to BlackBull Markets accounts by traders are held in a segregated bank account. For added security BlackBull Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is BlackBull Markets trading good?

BlackBull Markets is considered good and reputable to trade with. BlackBull MarketsBlackBull Markets is used by over BlackBull Markets active traders. BlackBull Markets offers Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. Minimum deposit with BlackBull Markets is 200.

Is BlackBull Markets trading Legit?

BlackBull Markets was founded in New Zealand in 2014. BlackBull Markets has been facilitating trade on the financial markets for over 6 years. BlackBull Markets offers clients Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading. All funds deposited to BlackBull Markets are held in segregated tier 1 bank accounts for security. BlackBull Markets is regulated by Financial Services Providers Register (FSPR), FSPR number: FSP403326 so can be considered legit.

Is BlackBull Markets a good broker?

BlackBull Markets is overseen by the top tier financial regulators Financial Services Providers Register (FSPR), FSPR number: FSP403326 so can be considered a good broker. BlackBull Markets allows Forex trading trading, CFD trading trading, Spread Betting trading, Social trading trading, and Share Dealing trading.

Is BlackBull Markets trustworthy broker?

BlackBull Markets can be considered trustworthy. All money funded to BlackBull Markets is placed into a segregated tier 1 bank account. this means your money in not held by BlackBull Markets directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also BlackBull Markets is regulated by Financial Services Providers Register (FSPR), FSPR number: FSP403326.

What is the minimum deposit for BlackBull Markets?

The minimum deposit to trade with BlackBull Markets is 200.

How long do BlackBull Markets withdrawals take?

Withdrawing money from BlackBull Markets processing time varies but averages 2-5 days.

Is BlackBull Markets regulated?

BlackBull Markets is regulated by Financial Services Providers Register (FSPR), FSPR number: FSP403326.

Is BlackBull Markets a market maker?

BlackBull Markets is a market maker. Stocks, currency and other commodities and instruments will be purchased by BlackBull Markets even if no buyer is lined up.

How can I start trading with BlackBull Markets?

When opening a trading account with BlackBull Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on BlackBull Markets trading platforms here.

Is my money safe with BlackBull Markets?

BlackBull Markets is regulated by Financial Services Providers Register (FSPR), FSPR number: FSP403326. One of the most important criteria for traders when choosing a broker like BlackBull Markets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to BlackBull Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is BlackBull Markets a con?

BlackBull Markets is regulated and well established having been in business for over 6 years. BlackBull Markets is definitely not a con.

Can you make money with BlackBull Markets?

Although traders have had great success with BlackBull Markets. Trading on the financial markets with BlackBull Markets is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does BlackBull Markets have fees?

BlackBull Markets withdrawal fees varies on payment method. BlackBull Markets doesn't charge inactivity fees. BlackBull Markets does charge deposit fees.

When was BlackBull Markets founded?

BlackBull Markets was founded in 2014.

How many people use BlackBull Markets?

BlackBull Markets is used by over 10000 registered traders.

What is BlackBull Markets Headquarters country?

BlackBull Markets has its head quarters office in New Zealand.

Does BlackBull Markets offer negative balance protection?

BlackBull Markets does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does BlackBull Markets offer guaranteed stop loss?

BlackBull Markets does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does BlackBull Markets allow scalping?

BlackBull Markets offers scalping.

Does BlackBull Markets allow hedging?

BlackBull Markets does not offer hedging.

Does BlackBull Markets offer CFD trading?

BlackBull Markets offers CFD trading.

Does BlackBull Markets offer STP?

BlackBull Markets offers STP trading.

How many people use BlackBull Markets?

BlackBull Markets is used by over 10000 traders.

Is BlackBull Markets an ECN broker?

BlackBull Markets offers ECN trading.

Does BlackBull Markets offer a demo account?

BlackBull Markets offers a demo account.

Does BlackBull Markets offer an Islamic account?

BlackBull Markets offers a Islamic accounts.

What are the funding methods for BlackBull Markets?

BlackBull Markets accept the following funding methods : Credit cards, Skrill, Neteller,

BlackBull Markets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the BlackBull Markets brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

BlackBull Markets review written by Mark Hansen of Comparebrokers.co