Blackbull Markets New Zealand

BlackBull Markets Review – 2022

In New Zealand, BlackBull Markets is an ECN broker. It offers more than 300 tradeable instruments on the MT4 and MT5 platforms. Here we’ll review the broker’s client portal, minimum deposits, covering spreads, regulation, plus the live and demo account login processes. So, check BlackBull Markets Review and know about BlackBull Markets.

BlackBull Markets Review – BlackBull Markets Details

It was founded in 2014. The New Zealand, Financial Markets Authority, licenses BlackBull Markets (Black Bull Group Limited). It is also licensed by the Financial Services Authority (FSA) of Seychelles.

The BlackBull is headquartered in Auckland, NZ, and has an additional support office in Kuala Lumpur, Malaysia.

The company offers ten years of combined institutional experience in the forex space. BlackBull is a true ECN, No Dealing Desk brokerage providing institutional-grade fintech services to retail clients.

Traders can access award-winning trading platforms plus additional tools, including Myfxbook and ZuluTrade. Institutional Traders/clients can also access prime services and PAMM accounts.

Olymp Trade
  • Year Founded: 2014
  • Minimum Deposit: $10
  • Minimum Trade: $1
  • Payouts: 92% Max
  • Demo Account: Yes

BlackBull Markets Review – Trading Platforms

The Online Trading MT4 system is the go-to option for many brokers, traders, and Users. The trading platform offers near-instant execution, interactive charts, and direct market trading using prime liquidity providers.

The platform supports Expert Advisors (EAs) and MetaScripts. In addition, it allows you to create your automated trading robots. Users can also access multiple order types, dozens of pre-installed indicators and analysis tools, multiple chart set-ups, and a market watch window.

MetaTrader 4 Download

MT4 is optimized for Windows and Mac PCs, with separate download links available on BlackBull Markets website.

The online trading version of MT4, MetaTrader WebTrader, is also available and approves clients to access trading via any supported web browser (Chrome, Firefox, Mozilla, etc.) from any device.

The WebTrader eliminates the need to install additional software and offers the same benefits as the web version, including a collection of indicators and financial news, drawing tools, live pricing, and fast execution.

MetaTrader 5

MT5 offers even faster processing times, advanced pending order functionality, hedging capabilities, and a broader range of tools and indicators. There are also over 20 timeframes, an integrated economic calendar, and access to the depth of market liquidity.

You can download the trading platform straight from the BlackBull Markets website. But you’ll need to create a trading account before you can start your trading.


BlackBull Markets offers more than 300 assets, including over 60 forex pairs, CFDs on some of the world’s most popular commodities, indices, including oil and natural gas, plus gold and silver. We would like to have seen cryptocurrencies.


Zero pip spreads are available at BlackBull Brokers but typically start from around 0.8 pips in the ECN Standard Trading Account. Live spreads for USD/EUR start from 0.2 pips.

The trading is commission-free in the ECN Standard Trading Account, and in the ECN Prime account, the commission is $3.00 per lot and $6.00 per round turn. In the ECN Institutional account, the commission rate is negotiable.

In addition, BlackBull Markets takes swap fees to keep positions open overnight, calculated on an ongoing basis by brokers and available on trading platforms.


A maximum of 1: 500 currency pairs and precious metals are available in the Black Bull market. For indices and oils, you can leverage up to 1: 100. The margin call calculation is explained in the product release statement.

BlackBull Markets Review – Mobile Trading

The MT4 trading app is available for download on iOS and Android smartphones at no extra cost. The app is fully functional, provides a complete set of trade orders, complete trade history, interactive navigator windows and charts, drawing tools, indicators, and automated trading functionality.

The trading broker also offers the ZuluTrade mobile app, a social copy-trading platform available on iPad, iPhone, and Android.

Payment Methods

Deposits in 9 currencies including USD, EUR, GBP and AUD are accepted through Bank Wire, Credit Card, Skrill, Neteller, Union Pay, and FasaPay. All options except bank wire are processed instantly, which takes minimum 1 – 3 days. Withdrawals must be made using the same method you originally deposited. The broker aims to process the withdrawal within 24 hours. The base account currency charges 5.00 for credit cards, Neteller, and Skrill, and 20.00 for the base account currency for international bank transfers.

Pocket option trading

Demo Account Review

BlackBull Markets offers a 30-day free demo simulator with up to $1,00,000 in virtual funds. In addition, users can choose between the Standard or Prime account and set their leverage level up to 1:500. A free demo account is an important tool to test out trades and access real market data before experiencing the real trading.

BlackBull Markets Review – Bonuses

At the time of writing, there are no promotional offers available at The BlackBull Markets. However, traders can check the broker’s trading website or social media pages for any future deals.


In New Zealand, BlackBull Markets is incorporated and registered. The brokerage is registered with the Financial Services Provider Registry (FSPR) with license number FSP403326 and is a member of the Financial Services Complaints Limited (FSCL) Dispute Resolution Project.

The broker ensures the security of client funds, using ANZ Bank, a leading Australian bank, to separate money and manage its operational liquidity. So overall, we’re comfortable BlackBull Markets isn’t a scam.

Additional Features

Beginners can access various educational resources, including MT4 videos, forex analysis guides, and a trading glossary. There’s also an economic calendar to watch market news and events.

Brokers also offer free VPS services for traders who meet certain criteria, including NYC Server and BeeksFX. Also, there are two popular social trading platforms: Myfxbook and ZuluTrade.

BlackBull Markets Accounts

For eligible clients, BlackBull Markets (ECN Standard, ECN Prime and ECN Institutional), Islamic Account and Active Trader Account are the three main account types available. The minimum lot size in the accounts is 0.01.


Spreads start at 0.8 pips on a standard account and require a minimum deposit of $ 200. Trading on standard accounts is also commission-free.


Spreads on the Prime account are more competitive, starting at 0.1 pips. Minimum deposit required is $2,000. Commission payable per round turn is $ 6.


For a $20,000 deposit, Institutional account holders can access spreads from 0.0 pips. The Institutional accounts also come with complimentary VPS access, customizable commission structures, dedicated 24/6 support, and customized MAM/PAMM platforms.


There are good reasons to open an account with BlackBull Markets:

  • Cross-platform trading
  • ZuluTrade and Myfxbook
  • Trading academy
  • Commission-free trading available


Disadvantages of trading with this broker include:

  • No negative balance protection
  • Shares and cryptocurrencies not available
  • US clients not accepted

Trading Hours

Note that the default server time in MT4 is GMT + 2 (GMT + 3 DST). Forex server time is 00:00 – 24:00 Monday to Friday. For metals, business hours are 01:00 – 24:00 Monday to Thursday and 01:00 – 23:00 Friday 7 Trading sessions are 01:00 – 24:00 for crude oil and 03:00 – 24:00 for Brent oil (Monday to Friday). Specific opening times for indicators can be found in the contract specification.

Amazing customer support!

You can contact the customer support system through several methods, including telephone, email address, and 24/5 live chat.

  • Office – Level 22, 120 Albert Street, Auckland 1010, New Zealand
  • Email –
  • Telephone – (+64) 9 558 5142


All transmitted data on the trading platforms at BlackBull Markets is encrypted via a secure SSL connection. In addition, all client transactions are also managed within the secure client portal.

BlackBull Markets Review – Verdict

Our review of BlackBull Markets reveals some good reasons to open a live account, including competitive spreads and a wide selection of platforms and tools. We also like the selection of deposit and withdrawal options. However, it would be nice to see the negative balance protection given as an additional element of safety and control.

Accepted Countries

The BlackBull Markets accepts traders from Australia, Canada, Thailand, United Kingdom, South Africa, Singapore, India, Hong Kong, France, Germany, Norway, Sweden, Denmark, United Arab Emirates, Italy, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.

Traders cannot use BlackBull Markets from the United States.

Alternatives to BlackBull Markets

If you are searching for an alternative to BlackBull Market, we have compiled a list of the top 5 brokers like BlackBull Market below. This list of brokers like BlackBull Markets includes similarity and only companies that accept traders from your position.

  1. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
  2. OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
  3. RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.
  4. Hantec Markets – Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing huge flexibility to suit any trader.
  5. Vantage – Reliable and affordable trading since 2009. Join over 400,000 others trading on 300+ CFD products over assets like forex, gold, indices, and shares from 0.0 spreads through Trading View, MT4, or MT5. Vantage is ASIC regulated, and client funds are segregated. Open an account in under 5 minutes.

BlackBull Markets Review – FAQ

How to open a live trading account with BlackBull Markets?

You can open a live trading account and set up your client login in just a few steps. Once you’ve submitted your ID verification, you’ll need to confirm your email and wait for approval.

How to open a BlackBull Markets demo account?

You can create a free demo account by filling in a short online application form and setting the custom parameters of your trading account. You will then be emailed your free demo login details.

Does BlackBull Markets offer any bonus?

The BlackBull Markets does not offer any bonuses or promo deals at this time. See the broker’s website for future deals.

What is the margin call and stop-out level at BlackBull Markets?

BlackBull Markets does not make margin calls. The stop-out level is 60%.

Is BlackBull Markets a legit broker?

BlackBull Group Limited (BlackBull Markets) is a legitimate company registered and incorporated in New Zealand (NZBN 9429041417799). It is a registered Financial Services Provider with a license issued by the Financial Markets Authority.