BlackBull Markets Review

Black Bull Markets

Overview

 This forex broker is based in Auckland, New Zealand, and regulated by FSPR in New Zealand. 

They started operating in 2014 with the goal of providing institutional level resources to retail traders with their proprietary in house trade order aggregation software. 

Traders will enjoy high quality customer support, NDD (non deal desk), segregated client funds, raw core spreads with no markups, commission-free accounts and lots of options. 

They have won multiple awards for their technology and innovations.

Account

 Commission-free ECN standard account for beginners with spreads from 0.8 pips and minimum lot size 0.01. ECN Prime account has spreads from 0.1 pips and minimum lot size 0.01. ECN Institutional Account is for institutional traders, with spreads from 0.0 pips, negotiable commissions, and minimum lot sizes of 0.01. 

All accounts feature a NY4 Equinix server. Institutions have the option of VIP Prime accounts with a personal account manager, which high volume active traders also enjoy with rebates. 

Islamic swap free trader accounts are available too. All funds are deposited in segregated accounts with ANZ Bank. Traders can open a fully customizable demo account with Meta Trader 4.

Minimum deposit

$200 to $20,000 depending on account

Maximum leverage

1:500

Features

Black Bulls Markets gives you Meta Trader 4 and 5 for various devices, and a introduced Web Trader platform. 

Over 300 instruments can be traded including 64 forex pairs, Index CFDs, Commodities, energy and precious metals. You can also integrate with social trading systems like Myfxbook Zulu Trade. 

The forex broker also offer low-latency Virtual Private Servers for Prime Accounts to operate without downtime. 

The brokers have joined the Equinix Financial eXchange network for their liquidity sources. BlackBull Broker also has several affiliate programs like the Introducing Brokers Program, and CPA programme.

Education

Blackbull education section offers: training videos, Learn to trade section, Trading guides and trading glossary. 

Their education section is basic at best and is not as in-depth as some other broker that cater to beginners.

Deposits/Withdrawals

Deposits are supported in 9 global currencies, and processing generally takes between 1 and 3 days. 

A variety of payment methods are supported. Withdrawals are processed between 24 hours and 2 days, on the submission of a withdrawal form. 

The list of funding methods are: Bank wire, Credit/Debit card, Paypal, Skrill, Neteller, China Union Pay and Fasapay. Canadians can now deposit online via Interac (Interac Online) as well.

Customer service

Support is available through email, live chat (24/5), and toll free phone number in New Zealand.