Blackbull markets review

Rating: 3.5 out of 5.

Blackbull Markets Limited is an online broker that provides retail and institutional traders with access to the global financial markets. It offers a range of tradable instruments including forex, CFDs, precious metals, and cryptocurrencies.


A broker who offers one of the widest ranges in both products & accounts, with low fees and high regulation. Deposit is free and withdrawal is easy and yet, it’s not exactly standing out in any particular way. What is clear, is that black bull markets is a trader-friendly broker overall.

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Safety & Security of Blackbull markets

The company was founded in 2014. In May 2015, BlackBull Markets began operating as a broker in New Zealand. It was originally founded in New Zealand by a group of professional traders and financial experts. In 2016, BlackBull Markets was authorized and regulated by the Financial Markets Authority (FMA). In 2017, it became authorized and regulated by the Financial Services Authority (FSA) of Seychelles. A year later, The company became regulated by the Financial Services Authority (FSA) of Mauritius. Lastly, in 2019, BlackBull Markets became authorized and regulated by the Australian Securities and Investments Commission (ASIC) of Australia.


Blackbull markets is a multi-asset broker offering access to the following markets:


Typically, accounts are opened at a faster rate in Blackbull markets than the industry benchmark. This is great for more spontaneous switchers who are willing to get started quickly to jump on an opportunity. Just remember that the minimum deposit is around 2.000 USD which might be a tall order.

When considering this broker, there are a lot of different options to start trading:

  • MetaTrader 4 (provides automatic trading)
  • MetaTrader 5 (increases trade processing speed)
  • Webtrader (MT4 without a download)
  • TradingView (third-party trading ideas of the community)
  • Blackbull research
  • Blackbull shares (a focused mobile experience)
  • Blackbull social (social trading with other traders using black bull markets)

Unsure which to pick? You can start with a demo account to preview one platform & go from there.

Fees & commission at Blackbull markets

BlackBull Markets has relatively low forex and CFD fees which is a plus.

Blackbull markets offer a prime account, which is the most commonly chosen account. Its costs are around 6 USD per lot for 100K traded. You are charged 0.1 pips in spreads. An overnight financing rate of between 0.7% and 2.6% is charged to your account depending on the instrument and asset class you trade.

Overall, the fees are low, but not the lowest in the trading broker industry.

Deposit & withdrawal

Deposit and Withdrawal work well at Blackbull markets. When creating the account you have 9 base currencies to choose from and depositing is free. There will be a fee to pay to withdraw, however.

You can have an account in either USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY or ZAR. If this is one of your bank account currencies, you have now also saved on conversion costs. Just note, you will need to deposit at least 2.000 USD for this account type.

Verdict Blackbull markets

A fine choice for traders who are focusing on a diversified portfolio thanks to the product offering. You choose through which platform to trade and which strengths to take advantage of, whilst having a high chance of doing so in your own currency. The broker is sufficiently regulated and offers research & social trading as inspirational sources.

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