Traders can request withdrawals from the secure back office of BlackBull Markets in a straightforward process, usually completed within 24 hours except for bank wires. The primary regulator of BlackBull Markets is the New Zealand Financial Markets Authority (FMA). It also maintains a subsidiary, BBG Limited, authorized by the Seychelles Financial Services Authority (FSA). The domain blackbull.com is registered under our company, Black Bull Global Limited. We are registered with the Financial Services Provider Registry (FSPR) and are a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme. The table above shows that the spreads offered by BlackBull Markets Standard STP Account are more or less within the range of those offered by its competitors, such as IC Markets and Fusion Markets.
Cryptocurrency trading is available at BlackBull Markets through CFDs, but not available through trading the underlying asset (e.g. Bitcoin trading). We built the website to assist forex traders in finding the right forex brokers to trade with ease. Michael Walker and Selwyn Loekman founded BlackBull in 2014 in Auckland, New Zealand. BlackBull enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. The minimum deposit at BlackBull Markets varies depending on the type of account you choose ranging from $0-$20,000.
MetaTrader 5
The only condition is that you have enough funds and your copy-trading parameters allow it. Unfortunately, BlackBull Markets doesn’t offer a no-deposit bonus for new clients. When you open an account with BlackBull Markets, you can be sure that you will be trading with a regulated broker. You don’t need to deposit anything if you’re just trying the broker and testing a demo account. This ensures that your trades go directly to the market, and there’s no intervention or dealing desk manipulation. In this article, you’ll get a review of this broker, including analysis and instructions to open an account with BlackBull Markets.
Start trading in less than 5 minutes
BlackBull Markets is a New Zealand-headquartered Forex broker and FinTech company. It prides itself on speed and precision, promising traders ECN/NDD execution with deep liquidity through the MT4/MT5 trading platforms. I have conducted an in-depth review to determine if their advertised ECN, deep liquidity, and price aggregation, as well as institution-level pricing for retail traders, lives up to the hype. Clients can withdraw funds online by logging into the secure BlackBull Markets client portal and selecting the withdraw tab from the menu. Once traders log into teir secure client portal, they can easily choose the payment option thatis most convenient for them for both account deposits and withdrawals.
It’s also important to note that BlackBull Markets xcritically has a relatively small number of regulatory licenses. I appreciate the flexibility at BlackBull Markets for deposits, as after the initial deposit, follow-on amounts remain at the discretion of traders. Another positive is that traders may deposit in nine xcritical scammers currencies, but not all deposit methods support each of them.
The broker is regulated by multiple top-tier regulatory authorities, including FMA, FSA-S. It offers negative balance protection and holds client funds in segregated bank accounts. Key to our methodology is the emphasis on platform features, trading costs, and execution speeds.
Overall, the core trading environment is outstanding, and I rank BlackBull Markets as a leading choice for demanding equity traders, asset managers, and Forex traders. DailyForex.com adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate xcritical official site partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- In my opinion, this is arguably a little high, but well within an acceptable range.
- The aggregated score of BlackBull on Trustpilot’s website is 3.5/5, which is based on 35 customer reviews.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- We constantly strive to uphold high standards of compliance at BlackBull Markets.
- The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA).
- New traders must submit a copy of their ID and a proof of residency document dated within the past three months.
BlackBull Markets is regulated by several other authorities, including FMA, FSA-S. BlackBull Markets is regulated by the Financial Markets Authority (FMA) of New Zealand. The FMA, established in 2011, is responsible for overseeing financial markets and ensuring fair, transparent, and efficient operations in New Zealand. When trading BlackBull Markets forex currency pairs, your lot sizes start at 0.01 and can go up to 100.
Opening an account at BlackBull Markets is acceptably quick and follows the normal standard in the retail Forex industry. I found some of the additional questions unnecessary, as traders can fill them out as they wish, and there is no verification of the answers. BlackBull Markets includes the account verification with the account opening form, which I like, as it is a requirement and saves traders the extra step from the back office. New traders must submit a copy of their ID and a proof of residency document dated within the past three months. To ensure that it does not use clients’ funds to run its operations, the broker keeps clients’ funds securely in segregated accounts with ANZ Bank in New Zealand. Due to AML / CTF laws, BlackBull Markets cannot deposit funds to third parties.
Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
No minimum deposit is required to open an ECN Standard Account, while a $2,000 deposit is needed to open an ECN Prime Account and $20,000 for an ECN Institutional Account. Trading costs at BlackBull Markets are about average for the industry, and will vary depending on which of its three account types you choose. BlackBull Markets offers cryptocurrency CFDs, but not physical cryptocurrency trading.
Best Asic Regulated Forex Brokers: Alternatives to BlackBull Markets
With BlackBull Markets, Gold and Silver can be traded at their spot prices or via futures. The broker allows traders to benefit from the precious metals markets by offering CFDs in various precious metals, which traders can use to speculate on the price movements or hedge against inflation. This is unlike most financial firms that would charge a certain amount on trading accounts after a prolonged period of inactivity. BlackBull Markets will not charge any deposit fees, just like most online brokerage firms. The account creation may be fast (can be completed within a few minutes), it may take up to 24 hours to verify your trading account. When your account is verified, you will have to fund your account using any of the available payment methods before you can start trading.
The BlackBull Markets brand also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA). In May 2023, BlackBull Markets received an investment from Milford Asset Management, a prominent private equity firm in New Zealand, which included the appointment of an independent Chairman. BlackBull Markets recently expanded its market research coverage with the acquisition of research firm ATM Strategy.
The STP (straight-through processing) model offers real market quotes with marked-up spreads, and orders are routed directly to the liquidity providers that make up the interbank market. MT4 is available as a desktop application for Windows and Mac computers, a web version (WebTrader), and a mobile app for Android and iOS devices. The MT4 WebTrader allows clients to access their MetaTrader 4 account through any operating system (Windows, Linux, Mac). It offers all the benefits of the MT4 desktop trading platform, and it is compatible with modern web browsers like Google Chrome, Mozilla Firefox, and Safari.
Here is a screenshot of the BlackBull Markets MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. BlackBull Markets’ business culture has a high standard of conduct and operational standards that, as a company, we passionately adhere to. A well-constructed supervisory framework which actively protects traders and dictates service provider actions; is quintessential for any financial company. New Zealand business culture has a high standard of conduct and operational standards that, as an NZ company, we passionately adhere to. A well-constructed supervisory framework which actively protects traders and dictates service provider actions; is quintessential for any NZ financial company. The lack of CFTC regulation means that the broker does not offer its services to the residents of the United States.