BlackBull Markets Review

Active forex and multi-asset traders

FSA

Why investors choose this broker

US$0 minimum deposit on ECN accounts
Prime spreads start from 0.0 pips
Client funds are kept in segregated accounts
TradingView, MT4, MT5 and cTrader are available

Review summary

BlackBull Markets is a forex and multi-asset broker with $0 ECN minimum deposits, segregated accounts and platforms including MT4, MT5, cTrader and TradingView.

Pros

US$0 minimum deposit on ECN accounts
Prime spreads start from 0.0 pips
Client funds are kept in segregated accounts
TradingView, MT4, MT5 and cTrader are available
CopyTrader can copy trades in real time
Free TradingView Essential, Plus or Premium is available
Free VPS available after a $2,000 deposit and 20 monthly lots

Cons

Prime and Prime+ charge US$3.00 per lot per side
Swap-free accounts may carry administrative fees
Free VPS requires a $2,000 deposit and 20 monthly lots
USD $25 VPS charge applies if requirements are not met
Standard ECN spreads start at 0.8 pips

Company background

BlackBull Markets is a forex and multi-asset broker with a head office in Auckland, New Zealand. It provides access to forex, commodities, equities, indices, metals, crypto, futures and BlackBull Invest, which covers shares, options, ETFs, bonds and other underlying assets. The offer is built around active trading, copy trading and share investing, with account types including ECN Standard, ECN Prime and Prime+.

Fees and pricing

The ECN Standard account has a US$0 minimum deposit, spreads from 0.8 pips and no commission. ECN Prime and Prime+ also list a US$0 minimum deposit, with spreads from 0.0 pips and a commission of US$3.00 per lot per side. Swap-free accounts are available, but they may be subject to administrative fees.

BlackBull Markets also offers a VPS service. It is free for clients with a BlackBull Markets account, a minimum $2,000 deposit and 20 lots traded across forex pairs or metals per month. If those minimum trading requirements are not met, a USD $25 charge applies to cover the VPS cost.

Regulation and safety

BBG Limited, trading as BlackBull Markets, is incorporated and registered under the laws of Seychelles and is authorised and regulated by the Financial Services Authority in Seychelles under license number SD045. Black Bull Group Limited is registered and incorporated in New Zealand and is listed as a registered Financial Services Provider. Client funds are held in accounts segregated from company funds.

Platform experience

BlackBull Markets supports TradingView, MetaTrader 4, MetaTrader 5 and cTrader. It also offers BlackBull CopyTrader for copying trades or leading followers, and BlackBull Invest for shares, ETFs and other assets. Mobile access is available through iOS and Android apps, including BlackBull SCA, BlackBull Invest, BlackBull CopyTrader, BlackBull cTrader, TradingView, MetaTrader 4 and MetaTrader 5.

Pros and cons

The main strengths are the US$0 minimum deposit on ECN accounts, access to several major trading platforms, copy trading, mobile apps and segregated client accounts. The main limitations are the US$3.00 per lot per side commission on Prime accounts, administrative fees on swap-free accounts, and the VPS requirements that can trigger a USD $25 charge if they are not met.

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Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

ECN Standard has a US$0 minimum deposit, spreads from 0.8 pips and no commission. ECN Prime and Prime+ list spreads from 0.0 pips and a commission of US$3.00 per lot per side. Swap-free accounts may be subject to administrative fees.

Fees

Item	Fee
Vps	Free with a minimum $2,000 deposit and 20 lots traded across forex pairs or metals per month; USD $25 charge if requirements are not met
Swap Free	Available in select markets, subject to administrative fees
Min Deposit	US$0
Prime Account	Spreads from 0.0 pips; US$3.00 per lot per side; US$0 minimum deposit
Standard Account	Spreads from 0.8 pips; no commission; US$0 minimum deposit
Prime Plus Account	Spreads from 0.0 pips; US$3.00 per lot per side; US$0 minimum deposit

Trading platform & features

Platforms

TradingView
MT4
MT5
cTrader
BlackBull CopyTrader
BlackBull Invest
BlackBull SCA
iOS app
Android app

Regulation and investor protection

BBG Limited, trading as BlackBull Markets, is authorised and regulated by the Financial Services Authority in Seychelles under license number SD045. Client funds are held in accounts segregated from company funds.

Broker FAQs

Is BlackBull Markets safe?

Is BlackBull Markets a scam?

No. BBG Limited, trading as BlackBull Markets, is authorised and regulated by the Financial Services Authority in Seychelles under license number SD045, and client funds are held in segregated accounts.

Is BlackBull Markets regulated and by whom?

BBG Limited, trading as BlackBull Markets, is authorised and regulated by the Financial Services Authority in Seychelles under license number SD045.

Does BlackBull Markets keep client funds in segregated accounts?

Yes. BlackBull Markets says client funds are held in accounts segregated from company funds.

What products does BlackBull Markets offer?

BlackBull Markets offers forex, commodities, equities, indices, metals, crypto, futures and BlackBull Invest products. BlackBull Invest provides access to shares, options, ETFs, bonds and other underlying assets.

Does BlackBull Markets offer ETFs?

Yes. BlackBull Invest provides access to shares, options, ETFs, bonds and other underlying assets.

Does BlackBull Markets offer crypto?

Yes. BlackBull Markets includes crypto among its tradable assets, including digital currencies such as Bitcoin, Ethereum and XRP.

Does BlackBull Markets offer options?

Yes. BlackBull Invest provides access to shares, options, ETFs, bonds and other underlying assets.

What is the minimum deposit at BlackBull Markets?

The ECN Standard, ECN Prime and Prime+ account comparison lists a US$0 minimum deposit.

What does BlackBull Markets charge for Prime accounts?

The ECN Prime account lists spreads from 0.0 pips and a commission of US$3.00 per lot per side. The Prime+ account lists the same spread and commission figures.

Does BlackBull Markets have a demo account?

Yes. BlackBull Markets provides a demo trading account application.

Does BlackBull Markets have a mobile app?

Yes. BlackBull Markets lists iOS and Android mobile apps, including BlackBull SCA, BlackBull Invest, BlackBull CopyTrader, BlackBull cTrader, TradingView, MetaTrader 4 and MetaTrader 5.

What platforms can I trade on with BlackBull Markets?

BlackBull Markets lists TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader and BlackBull Invest.

Can I use any platform with any BlackBull Markets account type?

Yes. The account comparison FAQ says TradingView, MT4, MT5 and cTrader are available with any account type.

Does BlackBull Markets offer VPS hosting?

Yes. The VPS service is free for clients with a BlackBull Markets account, a minimum $2,000 deposit and 20 lots traded across forex pairs or metals per month. If requirements are not met, a USD $25 charge applies.

Does BlackBull Markets offer swap-free accounts?

Yes. Swap-free accounts are available, but they are subject to administrative fees and may be available only in select markets.

What leverage does BlackBull Markets offer?

The account comparison lists leverage up to 1:500 for ECN Standard, ECN Prime and Prime+.

Bottom line

BlackBull Markets suits active forex and multi-asset traders who want ECN accounts, several major platforms and copy trading. It may be less suitable for users who want to avoid per-lot commissions, swap-free administrative fees or VPS activity requirements.

BlackBull Markets

Active forex and multi-asset traders

Open Account

Your capital is at risk. Other fees apply.