BlackBull Markets is a regulated broker providing traders with a wide range of over 25,000 tradable assets. These include stocks, forex, CFDs, and commodities. They have been successfully operating since their establishment in 2014, providing their services to clients from all across the globe. Clients go through a straightforward, fast, and fully digital account opening process. Additionally, BlackBull Markets clients receive access to their cutting edge trading technology as well as excellent trading conditions. It is also worth noting that everyone has access to hundreds of markets, allowing each individual to diversify their portfolio uniquely
Safety
BlackBull Markets is a broker that was incorporated back in 2014, meaning that they have been operating for over a decade, resulting in a reputable track record. They are located in New Zealand and are regulated by the Financial Markets Authority of New Zealand as well as the Financial Services Authority in Seychelles. However, keep in mind that the broker doesn’t offer investor protection.
| Country | Legal Entity | Regulator | Protection Amount |
|---|---|---|---|
| New Zealand | Black Bull Group Limited | Financial Markets Authority (FMA) | No protection |
| All Other Countries | BBG Limited | Financial Services Authority (FSA) | No protection |
On the other hand, BlackBull Markets does offer a negative balance protection, meaning that if the balance on your trading account goes into negative numbers, it will be covered by the brokerage.
Account Opening Process
The account opening process at BlackBull Markets is extremely user-friendly, fully digital, and fast. Your trading account will, in most cases, be approved in less than a day. On the other hand, if you choose any other account type besides the standard one, you will have quite a high minimum deposit amount. BlackBull Markets provides three ECN account types, which generally differ in commissions, spreads, and minimum deposit requirements.
Account Types
| Account Type | Description |
|---|---|
| Standard | Account with no commissions and spreads from 0.8 (No minimum deposit) |
| Prime | Account with $6 per lot commissions and spreads from 0.1 ($2,000 minimum deposit) |
| Insitutional | Account with negotiable commissions and spreads from 0.0 ($20,000 minimum deposit) |
Additionally, it is also worth noting that BlackBull Markets provides swap-free accounts that operate in full compliance with the Sharia Law. They are offered as a Standard, Prime, as well as Institutional accounts.
Products
At BlackBull Markets, you are provided with an opportunity to trade a wide range of real stocks, forex, and CFDs. That said, keep in mind that some other popular assets, such as bonds and ETFs, aren’t available.
Stocks
Despite the fact that BlackBull Markets is primarily a forex broker, they also provide a wide range of real stocks as tradable instruments. The broker’s real stock selection is wider and better compared to many of its competitors within the industry.
Fees
BlackBull Markets has relatively low trading fees and no additional deposit fees. However, you should consider that withdrawals carry a fee, depending on the withdrawal method that you choose.
Low Stock Commissions
The spread includes all fees associated with stock CFDs. The average spread cost during peak trading hours depends on the individual stock that you are looking to trade.
Withdrawal, Inactivity & Other Fees
BlackBull Markets has no account, deposit, or inactivity fees. On the other hand, there is a withdrawal fee, where the amount is determined based on the withdrawal method you choose.
| Fee Type | Fee Value |
|---|---|
| Account Fee | ❌ |
| Deposit Fee | ❌ |
| Conversion Fee | 0.01% |
| Inactivity Fee | ❌ |
| Withdrawal Fee | $5 (Cards and e-wallets) $20 (International bank transfers) |
Conclusion
In conclusion, BlackBull Markets is a regulated broker providing traders with a wide range of tradable assets, which include stocks, forex, CFDs, and commodities. They offer traders a straightforward, fast, and fully digital account opening process, which can, in most cases, be completed in less than a day. Additionally, BlackBull Markets provides clients with access to their cutting-edge trading technology and excellent trading conditions no matter the account type they choose, be it the Standard, Prime, or Institutional account.
