Blackbull Markets Review 2023 – Is A Reliable Forex Broker?
Blackbull Markets Review 2023 – Is A Reliable Forex Broker?

BlackBull Markets broker is yet another confusing entity. They have entities in 3 different countries, but the primary one is registered in 2015 in the UK. Afterward, companies were established in Seychelles and New Zealand.

Someone would say that they are developing fast. But to find out if that is true and if you can trust your money to this broker, read this honest BlackBull Markets review.

Before we go any further, we suggest reading our brokerage reviews on LiquidityX, FXGlobe, and Swiss Markets.

Broker status:Regulated Broker
Regulated by:FSA Seychelles, FMA NZ
Regulators’ Complaints:N/A
Owned by:Black Bull Group Limited / BBG Limited
Headquarters Country:Seychelles, New Zealand
Foundation year:2015
Supported Platforms:Web trader / MT4 / MT5
Minimum Deposit:$200
Types of Assets:Forex, Commodities, Indices, Cryptocurrencies
Maximum Leverage:1:500
Free Demo Account:Yes
Accepts US clients:No

Is BlackBull Markets a Regulated Forex Broker?

Two entities behind BlackBull Markets are regulated. Yet, the primary one in the UK never had any regulations. Firstly,  BlackBull Limited Group from New Zealand has a license from FMA. In addition to that, BBG Limited from Seychelles has a license from FSA.  

Since they were under a strike-off, that process was discontinued. Besides, BlackBull Markets doesn’t have any UK regulations. Identically, they are missing licenses from Tier 1 regulators like BaFin, ASIC, CONSOB and FCA as mentioned.

With offshore regulations and some negative reviews, traders will reconsider investing with BlackBull Markets. Especially considering the dangerous leverage of up to 1:500.

Why Is Trading On a Licensed Broker’s Platform Preferable?

Some regulators, like FSA don’t require any compensation funds. Even if clients had an issue, they can’t compensate for their potential loss. 

That’s why Tier 1 regulation is important. They have the strictest requirements for getting those licenses. Therefore, clients have a higher level of protection.

Does BlackBull Markets Offer MetaTrader 4&5?

BlackBull Markets Trading Software

BlackBull Markets trading company did its due diligence. They provide their traders with multiple choices for trading. Primarily, those are Meta Trader 4&5. As the most trusted platforms for trading, these are providing a vast of trading options. Important to realize is that a trusted platform doesn’t strictly mean that the company is trusted as well.  

But the main benefit of these apps are social and copy trading. Moreover, traders have more advanced features that can make trading more profitable.

The Mobile Version Is Available?

Besides desktop and web-based versions traders can download MetaTrader apps for iOS and Android devices. Firstly, they don’t lose any functionality. Secondly, they have the option to trade anywhere, anytime. 

Moreover, they can use ZuluTrade features for advanced Social Trading options.

BlackBull Markets’s Trading Assets and Instruments

One new feature that BlackBull Markets has in its arsenal is cryptocurrencies. Even though they are highly speculative traders love it because of high volatility. For some, it’s very profitable, but for others it is dangerous. 

However, all the assets that BlackBull Markets broker offers are:

  • Forex                        USD/JPY,  EUR/NOK
  • Commodities            natural gas, gold
  • Indices                      FTSE100, AU200
  • Cryptocurrencies       BTC, ADA

BlackBull Markets Broker’s Active Locations

Even though this broker claims not to accept traders from the US and Canada, this might be incorrect. From some BlackBull Markets reviews we could determine otherwise. As can be seen, they have traders from countries like:

  • United States
  • Canada
  • Australia
  • United Kingdom
  • New Zealand

To point out, some countries have regulations that forex companies should comply with. Especially the UK and the US.

Which Types Of Accounts Does BlackBull Markets Offer?

BlackBull Markets Types Of Accounts

All account types are often designed to offer some more benefits as you deposit more money. The idea is to motivate traders to put more money into trading and bring the company more profits. Regardless of the results of those trades. 

BlackBull Markets broker offers 3 account types:

  • ECN Standard           $200
  • Prime ECN                $2.000
  • ECN Institutional        $20.000

Can a Trader Use a Demo Account?

To sum it up, yes. Besides live accounts, you can try your strategies with virtual funds. Even though those are not favorites among traders, it can be a good test out. However, we always recommend trying first with a micro account.

Negative Balance Protection

Another key point is negative balance protection. This is an important feature to prevent traders from getting into debt. Moreover, most Tier 1 regulated brokers have this option. 

However, BlackBull Markets seems not to have this option available.

Become A Partner Of BlackBull Markets

This broker offers a variety of options for partnership. From introducing brokers, affiliates program and refer a friend program. 

Every program’s goal is to bring more clients for this broker. As expected, you are rewarded. But have in mind that bonuses are not allowed by any EU regulations.

Minimum Deposit and How Do I Withdraw?

The minimum requirement is only $200. Deposits are always smoothly done. However, some traders experienced troubles with withdrawals. As we can see in some BlackBull Markets reviews. As we learned, not even regulation always guarantees that the broker is genuine.

BlackBull Markets Payment Methods Available

Payment methods are standard with this broker. Whether for a deposit or withdrawal, you can use the same method. Mysterious facts are commissions. Anyway, those options are:

  • Wire transfers
  • Cards          
  • e-payments (Skrill, Neteller, Fasapay Unionpay)

About BlackBull Markets Terms and Conditions

To get access to the platform, you need to register and wait for approval from the broker. As that being said, all T&Cs they claim to offer are questionable. Moreover, some traders already experienced some issues with their conditions. For such proof, we can check any BlackBull Markets review.

Leverage, Spreads and Fees

Leverage of up to 1:500 is very dangerous. Besides, it violates ESMA rules and regulators’ requirements for the EEA zone where they operate. 

Spreads that start from 0.0 pips are quite tempting. However, commissions for every trade open are very high. Therefore, the broker gets money anyway, but it’s presented as a benefit to traders.

What Should I Do If I Have BlackBull Markets Problem?

Firstly, share your story to prevent other traders get through a same problem. Secondly, reach out to their regulator to seek a solution. Most of the time, traders do that because of withdrawals. That’s the only thing they can’t sort out themselves. If that is the case, contact our fund recovery team to advise you on further steps.

Every moment matters. Don’t waste your time and get in touch now!

What Is BlackBull Markets?

BlackBull Markets offers FX and CFD trading services since 2015 worldwide.

Is BlackBull Markets a Regulated Broker?

Unfortunately, they don’t have any most trusted Tier 1 licenses. However, they have a license from FSA (Seychelles) and FMA (New Zealand).

Is BlackBull Markets Available in the United States or the UK?

Looks like they do provide services to US clients. At least based on some BlackBull Markets reviews. However, their services are available for UK citizens as well.

Does BlackBull Markets Offer a Demo Account?

Yes. Besides all live trading accounts, traders can try their strategies first on a demo account.


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