BlackBull Markets Review

FOUNDATION

BlackBull Markets is a company that began its activities in the investment industry in 2014. Despite being new in the market compared with its competitors, BlackBull Markets is growing steadly with some great features and benefits to offer to their clients.

REGULATION

BlackBull Markets clearly mentions their regulatory status indicating that they are licensed and regulated by a reputable authority.

BlackBull Markets is regulated by two entities, namely FMA and FSA. 

FMA (Financial Markets Authority)

BlackBull Markets is publicly registered with the FMA (New Zealand) with the details below:

• FSP Number: FSP403326
• FSP Name: BLACK BULL GROUP LIMITED
• NZBN: 9429041417799
• Trading As: Blackbull Markets
• FSP Registration Date: 12-Oct-2014
• FSP Status: Registered
• Annual Confirmation Filing Month: April, last filed on 16-Apr-2024

BlackBull Markets is twice publicly registered with the FMA (New Zealand) with the details below:

• FSP Number: FSP1002113
• FSP Name: BLACK BULL TRADE LIMITED
• NZBN: 9429049891041
• FSP Registration Date: 21-Set-2021
• FSP Status: Registered
• Annual Confirmation Filing Month: April, last filed on 16-Apr-2024

FSA (Financial Services Authority)

BlackBull Markets is registered with the FSA (Seychelles – Africa) with the details below:

• FSA Number: SD045
• FSA  Name: BBG Limited
• Trading As: BlackBull Markets

BlackBull Markets is registered in the United Kingdom with the details below:

• Company Number: 09556804
• Incorporated on: 23-Apr-2015
• Last accounts made up to 30 April 2024
• Last statement dated 12 June 2024

REGIONAL RESTRICTIONS

So assuming that this forex broker is not multi-regulated, we concluded that they don’t provide their services to many countries like shown below:

Afghanistan, American Samoa, Belarus,  Burundi, Cameroon, Canada, Central African Rep, Congo, the Democratic Republic, Cuba, Eritrea,  Gaza Strip, Guam, Guinea Bissau, Haiti, Iran, Islamic Republic of, Iraq, Japan, Kenya, Kosovo, Lebanon, Libya, Mali,  Mozambique, Myanmar, Nigeria, North Korea, North Mariana Islands, Phillipines, Puerto Rico, Russian Federation, Somalia, South Sudan, Sudan, Syria, Tanzania, Turkey, Ukraine, United States, United States Virgin Islands, West Bank (Palestinian Territory, Occupied) and  Yemen.

OFFERS AND ASSETS CLASSES

BlackBull Markets offers 203 Currency Pairs to be traded. You can trade with Spreads From 0.0  and you can choose Leverage up to 1:500. You will find more information by clicking here.

BlackBull Markets offers around 12 Indices to be traded. You will find more information by clicking here.

BlackBull Markets offers 6 Commodities to be traded classified into 2 types: Energies and Metals. You will find more information by clicking here.

BlackBull Markets offers 22 Futures to be traded classified, basically, into 3 types: Agriculture, Energy and Indices. Trading CFD futures offers an opportunity to trade based on the future price of an asset without owning the underlying asset. You will find all this information by clicking here.

BlackBull Markets offers 1785  Shares (equities) to be traded.  You will find more information by clicking here. 

And, finally, BlackBull Markets offers 6 Cryptocurrencies CFD’s to be traded. You can choose Leverage up to 1:100. You will find all this information by clicking here.

This expansive selection allows you to diversify your portfolios and take advantage of market opportunities. In this quesite, BlackBull Markets doesn’t lose anything in comparison with the top forex brokers from UK.

LANGUAGES SUPPORT

Visitors to the BlackBull Markets website can view the information contained therein in seven languages: English, Spanish, Thailand, Arabic, Czech, Simplified Chinese and Italian. Taking into account it’s an international company, they need to translate their information to more languages. However, this process appears to be ongoing.

SUPPORT TIME

BlackBull Markets supports its customers 24 hours a day, 7 days a week. On average, the support of the forex brokers is 24/5.

CONTACT CHANNELS

BlackBull Markets offers the following customer contact channels:

1. Live chat
2. Phones

• New Zealand
  +64 9 558 5142
• New Zealand Free
  0800 BB Markets
• Cyprus
  +357 22 279 444
• México
  +52 338 526 2705

3.Emails

Client Support
[email protected]

Complaints
[email protected]

So BlackBull Markets demonstrates its dedication to customer satisfaction by offering multiple customer support channels including to ensure  that clients can seek assistance whenever they need it.

ADDRESS

BlackBull Markets has just 1 office. Below is their address:

• Africa

JUC Building, Office F7B, Providence Zone 18, Mahe, Seychelles

TRADING PLATFORMS OFFERED

If you are registered with BlackBull Markets, you have access to 7 platforms: Trading View, MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, cTrader, BlackBull CopyTrader and BlackBull Invest.

• Trading View

Available in Desktop, iOS and Android. For more information, please click here.

• MetaTrader 4

Available in Terminal (Windows and Mac), Multiterminal, iOS and Android. For more information, please click here.

• MetaTrader 5

Available in Terminal Windows and Mac), iOS and Android. For more information, please click here.

• MetaTrader Web Trader

With MetaTrader WebTrader it’s possible to access BlackBull Markets MetaTrader 4 or 5 account through any web browser and operating system (Windows, Linux, Mac). For more information, please click here.

• cTrader

Windows, macOS, Android, and iOS users can download and run the installer as normal. Linux users should use cTrader Web to access the platform. For more information, please click here.

• BlackBull CopyTrader

According to the company, “BlackBull CopyTrader is a super low-latency platform that lets you copy the trades of Lead-Traders (Providers) from any MT4 or MT5 based broker”. For more information, please click here.

• BlackBull Invest

According to the company, BlackBull Invest “provides a seamless experience for buying and selling stocks (not CFDs). Take advantage of comprehensive research tools, real-time market data, and customizable charts to make informed investment decisions”. This platform is available in iOS and Android”. For more information, please click here.

DEMONSTRATION ACCOUNT

You can choose to open an unlimited demonstration account (after the registration) into all platforms available into the broker with all instruments and currencies  available into the real accounts. You should not have any limit regarding the available funds in your demonstration account. You can top up the balance at any time you want. In the demonstration account, you will not have access to free market data and real-time news and you can choose leverage up to 1:500, so we consider that you can practice in an efficient way with BlackBull Market demonstration platform.

TOOLS

BlackBull Markets offers 3 tools: Zulu Trade, Myfxbook and FIX API Trading. 

• Zulu Trade

According to the company, Zulu Trade “Mimic the trading strategies of thousands of registered, talented currency traders from 192 countries. Using ZuluTrade’s proprietary performance evaluation algorithm, as well as feedback from ZuluTrade’s knowledgeable community, BlackBull Market clients can customise trades according to their preferences and risk tolerance”. We advise you to take a deep look at this tool by clicking here.

• Myfxbook

According to the company, you can “use Myfxbook to set up auto-trading to follow traders that you have selected, or set yourself up as the lead trader in an auto trading network. The usability and intuitive nature of the Myfxbook interface allows for ease of use and common sense inputs and outputs”. We advise you to take a deep look at this tool by clicking here.

• FIX API Trading

According to the company, “FIX is the coding protocol used in the trading process to place orders live on the market. MetaTrader 4 (MT4) is the FIX application that BlackBull Markets uses. We understand that some of our clients require the use of their own FIX application. For this, we offer FIX API. FIX API allows our institutional clients to bypass the BlackBull MT4 application and directly connect to our ECN grid using their own FIX”. We advise you to take a deep look at this tool by clicking here.

Each tool is designed to cater to different trading needs, offering flexibility and advanced features to optimize your trading strategies.

VPS (Virtual Private Server)

BlackBull Markets offers VPS which is very beneficial to you like a trader. “The only requirements are that a client must have a BlackBull Markets account, a minimum of $2,000 deposit and 20 lots traded across forex pairs or metals per month.” You can learn more about the VPS offered by BlackBull Market by clicking here.

EDUCATIONAL CONTENT

The company presents much educational content about Forex (57 lessons), Crypto (12 lessons), Commodities (16 lessons) and Stocks (11 lessons). You can check by clicking here.

BlackBull Markets offers webinars (no pre-defined date and hour), market reviews (not updated daily) and a economic calendar (some Forex Brokers presents this feature like a tool). 

So BlackBull Markets offers various educational resources to help you enhance your trading knowledge and stay updated with market trends.

FUNDAMENTAL ANALYSIS

BlackBull Markets offers an Economic Calendar. You can sync your Apple iCloud, Google, or Outlook Calendar with upcoming economic events.

TECHNICAL ANALYSIS

On a daily basis, the company offers its clients charts with Technical Analysis. The company doesn’t offer Free Signals.

NEGATIVE BALANCE PROTECTION

BlackBull Markets offers Negative Balance Protection to its clients as part of its Client Agreement, which ensures that clients cannot lose more than their overall account balance.

AWARDS

BlackBull Markets has already won 12 Awards that are listed below. So in this scope, they are not so representative when we compare with others Forex Brokers. 

1. APAC Technology Fast 500 (2018)
2. Deloitte Fast 50 (2018)
3. Deloitte Fast 50 (2019)
4. Compareforexbrokers.com (2020)
5.  Deloitte Fast 50 (2021)
6. Best ECN Forex Borkers (2022)
7. Westpac Business Awards – Excellence in International Trade Finalist (2022)
8. Best Global FX Broker – ForexExpo Dubai (2022)
9. ForexBrokers.com’s Annual Awards – Best in Class for Offering of Investments (2023)
10. BlackBull Markets Ranks #1 in CompareForexBrokers.com Execution Speed Study (2023)
11. Top Forex Brokers Review – Best Broker of 2023 (2023)
12. Deloitte Master of Growth Index – BlackBull Markets placed 6th (2023)

For more information, please click here.

COPY TRADING

BlackBull Markets provides a way for its clients to copy other traders’ trades. It’s called social trading (or copy trading). They offer a tool called BlackBull CopyTrader that comes with the following features: 

1. Ultra-low latency trading ecosystem;
2. Lets you copy the trades of Lead-Traders (Providers) from any MT4 or MT5 based broker;
3. BlackBull CopyTrader is full of Risk Management tools that give you the power to determine exactly how you want to copy-trade.

You can check out more details by clicking here.

Furthermore, the company offers the tools Zulu Trade and Myfxbook considering the need of social trading.

ADDITIONAL INFORMATION

BlackBull Markets is a reputable financial services company that provides a range of investment opportunities and trading services. They offer various types of trading accounts to meet the needs of different investors, namely Standard, Prime, Institutional and Swap Free accounts. You can check for more information by clicking here. This variety ensures that you can choose an account type that aligns with your trading strategies and preferences.

The overall website design and navigation of BlackBull Markets make it easy for you to find the information you are looking for. The layout is intuitive with clear headings and sections allowing you to quickly understand the company’s offerings. The website’s user friendly experience and clear presentation of information further enhance its appeal.

So the range of investment opportunities, educational resources and customer support channels makes it an appealing choice for both beginner and experienced investors.

If you are a trader based in the UK, you may want to consider BlackBull Markets as, although the company is not regulated by the FCA, it has a number of features that could be beneficial to you, such as:

Global Regulation
BlackBull Markets is licensed by the Financial Markets Authority in New Zealand. While not quite being the FCA, an FMA is a reputable regulator that imposes strict terms to safeguard clients and maintain the integrity of the market. Furthermore, they are licensed by FSA.

Reputation and Positive Track Record
BlackBull Markets has a globally positive reputation, as clients have given many positive testament regarding its reliability, safety of funds, and trading transparency. The company keeps a good standing from 2014, which creates trusted confidence among traders.

Competitive Trading Conditions
Known for tight spreads and quick execution of orders, the broker is vital in enabling any trader to reap maximum returns on investments without incurring huge expenses.

Product Offering
BlackBull Markets offers a broad ranges of financial products, which include currency pairs, indices, commodities, and cryptocurrencies to serve both entry-level and experienced traders.

Effective Customer Support
The 24/7 support team is praised widely for fast and effective support either through live chat, emails, or phone calls. It’s essential to ensure quick issue resolution and sustain the confidence of the traders.

Security of Funds
BlackBull Markets keeps clients’ funds in segregated accounts with top-tier banks, thus ensuring that customer funds are separated from the company’s operational funds.

Educational Tools and Resources
A variety of learning tools and resources are available from the broker, including webinars, tutorials, and market analysis reports useful for traders looking to upgrade their skills and knowledge.

Compliance with Global Standards
Although BlackBull Markets is not FCA-regulated, it is under stringent international compliance standards and business practices, giving peace of mind to traders seeking a properly structured and responsibly run broker.