BlackBull Markets Review – New Zealand Brokerage

BlackBull Markets is a New Zealand-based ECN broker that provides over 300 tradeable products. Black Bull Group Limited was founded in 2014 and is regulated by the New Zealand Financial Markets Authority and the Seychelles Financial Services Authority.

The broker’s headquarters are located in Auckland, New Zealand, while a support office is located in Kuala Lumpur, Malaysia.

The business has ten years of institutional forex trading expertise. The broker is a true ECN, No Dealing Desk brokerage that offers retail customers with institutional-grade fintech services.

Users may get access to award-winning platforms as well as complementary tools such as Myfxbook and ZuluTrade. Additionally, institutional customers have access to premium services and PAMM accounts.

BlackBull Markets Review

BlackBull Markets Licenses and Certificates

BlackBull Markets is a New Zealand-based company with a registered address. Additionally, the brokerage is a member of the Financial Services Complaints Limited dispute resolution system and is registered as FSP403326 with the Financial Services Provider Registry.

By segregating funds and preserving operational liquidity at ANZ Bank, one of Australia’s biggest banks, the broker safeguards customer funds. In general, we are certain that BlackBull Markets is not a rip-off.

BlackBull Markets Trading Platform

Numerous brokers and traders choose the MT4 platform. The platform features near-instant execution, interactive graphing, and direct market access to key liquidity providers.

Expert Advisors and MetaScripts are supported on the platform, allowing you to build your own automated trading robots. Additionally, traders may use a range of order types, hundreds of pre-installed indicators and analytical tools, a choice of chart configurations, and a market monitoring window.

BlackBull Markets’ website includes links to MT4 downloads for both Windows and Mac systems.

MetaTrader WebTrader is an online version of MetaTrader 4 that enables customers to trade from any web browser on any device that supports HTML5.

Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.

    The WebTrader removes the need for extra software installation and provides all of the same features as the desktop version, including a diverse set of indicators and drawing tools, financial news, real-time pricing, and quick execution.

    MT5 has quicker execution, hedging possibilities, improved pending order functionality, and a wider selection of tools and indicators. There are over twenty distinct periods to choose from, as well as an integrated economic calendar and market liquidity depth.

    The MT4 trading app is available for free download on both iOS and Android devices. 

    Trading Tools and Asset class

    The programme is completely functional, including a comprehensive set of trade orders, transaction history, interactive navigation windows and charts, indicators, drawing tools, and capabilities for automated trading.

    BlackBull Markets provides over 300 assets, including over 60 currency pairs, CFDs on some of the world’s most recognisable indexes, commodities such as oil and natural gas, as well as gold and silver. While the product selection is adequate, the inclusion of cryptocurrencies and stocks would have been beneficial.

    Leverage and Fees

    On currency pairings and precious metals, BlackBull Markets offers a maximum leverage of 1:500. Leverage of up to 1:100 is permitted on oils and indexes. The Product Disclosure Statement calculates margin calls.

    Although the ECN Standard account usually has a spread of about 0.8 pips, BlackBull Markets offers spreads of zero pips. EUR/current USD’s spread is 0.2 pips.

    There are no commissions on the ECN Standard account; however, the ECN Prime account charges $3.00 per lot. The commission for ECN Institutional accounts is negotiable.

    ZenGo Wallet Banner

    BlackBull Markets imposes swap fees for holding positions overnight, which are computed and shown on the trading interface on an ongoing basis by the broker.

    Account Types

    BlackBull Markets offers three primary account types to qualified clients: ECN Standard, ECN Prime, ECN Institutional Plus, and Active Trader. The accounts’ minimum lot size is 0.01.

    Customer Support

    Customer assistance is available 24 hours a day, seven days a week by phone, email, or live chat.

    120 Albert Street, Level 22, Auckland 1010, New Zealand


    Phone number is +64 9 558 5142.

    Payment and Funding

    Bank wire, credit cards, Skrill, Neteller, Union Pay, and FasaPay are all accepted for deposits in nine currencies, including USD, EUR, GBP, and AUD. Except for bank transfers, which take 1–3 days to complete, all other methods are immediate.

    Withdrawals must be processed in the same manner as deposits. Withdrawals should be processed within 24 hours, the broker states. Credit card, Neteller, and Skrill transaction fees are 5.00 in the currency of the base account, while international bank transfer fees are 20.00.

    BlackBull Markets Verdict

    Our BlackBull Markets review discovered many compelling reasons to establish a real account, including competitive spreads and a diverse platform and tool offering. We were particularly taken with the variety of deposit and withdrawal methods. Negative balance protection, on the other hand, would be a welcome addition to the safety and regulation package. US traders are not allowed to utilise BlackBull Markets.

    Want to be kept updated regarding similar scams?

    Get instant emails when we publish new scam warnings!

    When you comment, your name, comment, and the timestamp will be public. We also store this data, which may be used for research or content creation in accordance with our Privacy Policy. By commenting, you consent to these terms.

    Leave a Comment

    Your email address will not be published. Required fields are marked *

    Never lose money to a scam again!

    Get instant emails when we publish new scam warnings!

    Discover more from Cyber Scam Review

    Subscribe now to keep reading and get access to the full archive.

    Continue reading