BlackBull Markets Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BlackBull offers an excellent forex and CFD trading environment, featuring extensive trading instruments and advanced trading platforms. It is a wonderful choice for traders that demand superior market access and tools.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Incredibly Diverse Range of Tradeable Symbols: BlackBull provides an expansive range of over 26,000 tradeable symbols, offering extensive opportunities for market diversification.
- Advanced Trading Platforms: Supports a wide range of third-party platforms, including MetaTrader 4 and MetaTrader 5, cTrader, and TradingView, accommodating a wide variety of trading strategies.
- Comprehensive Education Resources: Offers both advanced and beginner educational videos, beneficial for traders at all levels.
Cons
- Sparse regulatory licenses: Its only tier-1 regulator is in New Zealand, and the other tier-4 license does not offer much protection.
- Average spreads and fees: Overall costs are about the industry average in most cases.
Ratings Summary
- Investment Types - 9.5/10
- Commissions & Fees - 8.5/10
- Trading platforms - 8.0/10
- Research - 8.0/10
- Mobile Apps - 7.5/10
- Education - 7.5/10
- Overall - 8.0/10
Can I trust BlackBull Markets?
BlackBull is a broker considered to be of "Average Risk" with a trust score of 78 based on rankings from ForexBrokers.com, providing a relatively secure trading environment. Its only tier-1 license is from a regulator in New Zealand.
BlackBull Markets is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Financial Markets Authority (FMA)
- Tier-2 Regulators - None
- Tier-3 Regulators - None
- Tier-4 Regulators - Financial Services Authority (FSA)
Is BlackBull Markets good for beginners?
BlackBull is highly suitable for beginners, providing extensive educational resources that include videos for both novice and advanced traders, making it an ideal platform for new traders to start their trading journey.
| Feature |
BlackBull Markets
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
BlackBull Markets commissions and fees summary
BlackBull's fee structure is favorably structured for active traders, including discounts for high-volume trading. The average spread cost for the EUR/USD pair using a Prime account stands at 0.76 after factoring in commissions, which is about industry average.
| Feature |
BlackBull Markets
|
|---|---|
| Minimum Deposit | $0 |
| Average Spread EUR/USD - Mini | 1.27 |
| Average Spread EUR/USD - Standard | 0.76 |
| All-in Cost EUR/USD - Active | 0.76 |
| Active Trader or VIP Discounts | Yes |
BlackBull Markets trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokersNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer Zulutrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
BlackBull is well-equipped with advanced trading platforms, offering multiple third-party platforms, which are highly recommended for traders who need robust technical analysis tools and customizable trading environments.
Trading platforms offered: BlackBull provides numerous platforms, including MetaTrader 4 and MetaTrader 5, cTrader, TradingView, and others.
Trading tools: Offers a comprehensive set of trading tools, enhancing the trading experience for all types of traders.
MetaTrader: Supports both MT4 and MT5.
Copy trading: BlackBull offers many options for copy trading, including ZuluTrade, Myfxbook, and their own proprietary tool.
| Feature |
BlackBull Markets
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | No |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
BlackBull Markets trading platform screenshots
Mobile trading apps at BlackBull Markets
The mobile trading apps from BlackBull are functional, providing adequate tools for trading and monitoring markets from mobile devices.
| Feature |
BlackBull Markets
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
BlackBull Markets mobile app screenshots
How do I open an account with BlackBull Markets?
- Go to the BlackBull website and locate the account opening section.
- Complete the online application form with your details.
- Provide necessary identification documents for verification.
- Fund your account with the required minimum deposit.
- Start trading after account approval.
What can I trade at BlackBull Markets?
BlackBull offers a vast selection of markets, with 72 forex pairs and over 26,000 tradeable symbols, making it highly recommended for traders seeking a broad array of investment opportunities.
| Feature |
BlackBull Markets
|
|---|---|
| Tradeable Symbols (Total) | 26000 |
| Forex Pairs (Total) | 72 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | No |
BlackBull Markets research screenshots
Account funding at BlackBull Markets
BlackBull supports a variety of funding methods, including bank wires, Neteller, and credit cards, providing flexibility for deposit and withdrawal options.
| Feature |
BlackBull Markets
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | Yes |
About BlackBull Markets
Founded in 2014 and based in New Zealand, BlackBull is known for its robust trading solutions and extensive market offerings, fostering a reliable and dynamic trading environment.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
AI disclaimer
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.