Wikilix
BlackBull logo

BlackBull

Regulated
New Zealand
,
Since 2014
Last Updated:
19/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
500
Account Types
Standard Account

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

8 methods

Visa

credit card
Instant
Fee:
Free
Fee:
$5

Mastercard

credit card
Instant
Fee:
Free
Fee:
$5

AMEX

credit card
Instant
Fee:
Free
Fee:
$5

China UnionPay

credit card
Instant
Fee:
Free
Fee:
$5

Skrill

e wallet
Instant
Fee:
Free
Fee:
$5

Neteller

e wallet
Instant
Fee:
Free
Fee:
$5

Google Pay

e wallet
Instant
Fee:
Free
Fee:
$5

Apple Pay

e wallet
Instant
Fee:
Free
Fee:
$5

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 33%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
4%Poor
License
33%Poor
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Company Information

Full Name:Black Bull Group Limited
Founded:2014
Headquarters:New Zealand
Enterprise Offices:N/A

Customer Support

Phone:
+6495585142
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down

Broker Summary

Summary of the broker

Introductin of BlackBull

In the fast-paced world of foreign exchange trading, selecting the proper broker is essential for both retail and professional traders, as it involves trusting a broker and using sophisticated technology. BlackBull Markets has established itself as a prominent forex broker, providing institutional-grade trading technology while putting customers first. From day one, the focus has been on speed, depth of liquidity, and a broad selection of instruments to trade in financial markets, positioning the company as a broker for traders worldwide.

With a strong base in New Zealand and a growing presence around the world, BlackBull Markets is developing ways in and adapting to the ways Traders operate. This article is an introduction to BlackBull Markets. It will consider the company's background and history, products and features, regulatory obligations and practices, trading conditions, fees, usability, and the latest news.

Background and History of BlackBull

Founded in 2014 by Michael Walker and Selwyn Loekman, BlackBull Markets is a financial technology and forex brokerage company located in New Zealand. It is based in Auckland, New Zealand and operated as an FSPR-registered Financial Services Provider before receiving authorization from the Financial Markets Authority (FMA) in 2020. This was an important regulatory milestone and has further strengthened the broker's compliance in the forex trading market.

To this day, BlackBull Markets has continued to find a worldwide audience and has started opening branches abroad in the United Kingdom and Malaysia. BlackBull Markets operates as registered companies Black Bull Group Limited in New Zealand, and BBG Limited in Seychelles. In addition to the global reach, BlackBull Markets continues to be recognized as an award-winning broker. By focusing on institutional-grade trading technology and services, BlackBull Markets attracts a wide range of clients, including retail traders, professional traders, and institutions.

Key Features and Offerings

BlackBull Markets offers a variety of platforms for trading, suitable for diverse trading styles. Platforms include the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the advanced cTrader platform, and TradingView integration. Additionally, the WebTrader Platform is available in any browser and in mobile device apps for iOS and Android. Trading on multiple platforms creates diversity, accessibility, and flexibility for various trader types.

Account Types

BlackBull Markets offers various accounts catered towards different types of traders and risk appetites. The Standard Account has no minimum deposit, a spread starting from 0.0 pips, and leverage up to 1:500. The Pro Account is designed for more experienced traders with raw spreads, commissions, and higher leverage. The Mini account, launched in 2025, with a minimum deposit of $200, is for traders looking for a smaller account. Swap-free accounts are also available for Islamic clients.

Tradable Instruments

BlackBull Markets has an extensive list of over 26,000 tradable Instruments across. This assortment comprises more than 70 Forex currency pairs, CFDs on indices, commodities such as gold, silver, and oil, shares worldwide, ETFs, cryptocurrencies, precious metals, and energy products. An extensive list of assets enables trading multiple asset classes in a single account.

Unique Features

BlackBull Markets is a no-dealing desk (NDD) ECN broker and provides ultra-fast execution under 75 milliseconds. BlackBull combines deep liquidity feeds with institutional-grade Equinix servers in New York (NY4), London (LD5), and Tokyo (TY3) to guarantee a smooth trading experience. Flexible APIs can be leveraged for algorithmic trading, and social copy-trading features offer valuable opportunities for social engagement. In addition, client funds are safely held and segregated with ANZ Bank, demonstrating their commitment to safety and transparency.

Regulatory Overview and Licensing

When selecting a forex broker, regulatory oversight is an important aspect. BlackBull Markets is regulated by several authorities to offer client protection and credibility for its business.

Regulator

License Number

Status

Company

Financial Markets Authority (FMA), New Zealand

FSP403326

Active, Derivatives Issuer

Black Bull Group Limited

Financial Services Authority (FSA), Seychelles

SD045

Active

BBG Limited

 

In addition to these licenses, BlackBull Markets is registered with the Financial Service Providers Register (FSPR) in New Zealand. The company also belongs to the New Zealand Financial Services Complaints Limited (FSCL) dispute resolution scheme. The broker also does not service several countries, including the USA and Brazil, as well as other countries under FATF sanctions.

Trading Conditions and Platform Technology

Trading Conditions

Feature

Standard Account

Pro Account

Mini Account

Minimum Deposit

$0

Varies (typically higher)

$200

Spreads

From 0.1 pips (variable)

From 0.0 pips (raw spreads)

Variable

Leverage

Up to 1:500

Up to 1:500

Up to 1:500

Commission

No commission

$3.50 per lot (round turn)

Varies

 

Platform Technology

Platform

Access

Key Features

MetaTrader 4 (MT4)

Desktop, Web, Mobile

Advanced charting, one-click trading, algorithmic trading

MetaTrader 5 (MT5)

Desktop, Web, Mobile

Multi-asset trading, enhanced tools, economic calendar

cTrader

Desktop, Web, Mobile

ECN trading, level II pricing, algorithmic trading

TradingView

Web

Social trading, advanced charting, community scripts

WebTrader

Browser-based

Easy access, no installation, real-time data

 

Fee Structure

Fee Type

Details

Deposit Fees

None

Withdrawal Fees

None (as of 2025)

Commission

$3.50 per lot (round turn) on Pro accounts; none on Standard accounts

Inactivity Fee

$20 per month after 12 months of inactivity

Swap Rates

Applied on overnight leveraged positions

Other Fees

No account maintenance or hidden fees

 

User Experience and Reputation in the Market 

BlackBull Markets receives a mostly favourable perception from its customer base, with execution speed, platform performance, and fast attrition from support explicitly mentioned. It is refreshing to see that Forex Peace Army and Daily Forex consistently rate the broker highly when they review and approve broker services for their audiences as independent parties. 

Nonetheless, not everything is rosy, as some users have also pointed out negative attributes, including an inactivity fee after a year of inactivity and a fairly limited product offering compared to some larger broker services. Not all the services are available in every country, either, which limits access for some traders. Overall, given the additional issues, many traders in the Asia-Pacific region tend to trust the BlackBull Markets brand.

Recent Movement 

For 2024 and 2025, BlackBull Markets continues to improve its services and infrastructure. The broker has also expanded API access to support algorithmic traders and added features to its mobile applications to enhance usability and functionality. The total number of trading products has also increased significantly from the previous year, to just over 26,000, giving traders further opportunities to diversify. 

Along with improving its technological service offerings, BlackBull has launched a new educational hub for 2025, grouped with its existing market research section, to help inform and empower traders to act with knowledge. In addition to expanding its academic offerings, the brokerage's compliance team has been further strengthened by the addition of an experienced Chief Compliance Officer to ensure its commitment to compliance.

The brief assessment of the global office network for the brokerage has expanded as well over the past year, primarily in the UK and Malaysia, to support the now-growing international client base for the broker. 

Conclusions 

To conclude, BlackBull Markets remains the technologically advanced, client-centric forex broker with a strong regulatory track record. The full suite of trading platforms, a wide range of trading instruments, and favourable trading conditions confirm its appeal to a range of traders. The broker's services do come with some fee limits in some countries; however, overall, the broker demonstrates a proven commitment to transparency, safety, security, and innovation in a very competitive forex environment. 

Therefore, for traders looking for a broker that delivers the advantages of institutional-level technology while still providing client service and the reach of a personal approach, BlackBull Markets presents an appealing choice, as evidenced by the information presented and its customer service and improvements.

Regulatory Licenses

Compliance & oversight

3 licenses
Seychelles
FSATier 3
Seychelles#SD045
License Details
Type:Retail Forex License
License #:SD045
Status:Regulated
Validity
Effective:N/A
Expires:N/A
New Zealand
Financial Service CorporateUnrated
New Zealand#1002113
License Details
Type:Financial Service Corporate
License #:1002113
Status:Regulated
Validity
Effective:N/A
Expires:N/A
New Zealand
Market Making(MM)Unrated
New Zealand#403346
License Details
Type:Market Making(MM)
License #:403346
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
2
Countries
0
Offshore

Account Types

Trading account options

No Account Types

Account type information is not available for this broker yet.

Funding Methods

Deposit & withdrawal options

19 methods
Visa
Credit CardInstant
Deposit
Fee:Free
Min:USD 50
Max:N/A
Withdrawal
Fee:USD 5
Min:USD 25
Max:N/A
Withdrawal processing time 1-3 business days; first withdrawal each month may be free but prevailing fee is $5 flat
Mastercard
Credit CardInstant
Deposit
Fee:Free
Min:USD 50
Max:N/A
Withdrawal
Fee:USD 5
Min:USD 25
Max:N/A
Withdrawal processing time 1-3 business days; first withdrawal each month may be free but prevailing fee is $5 flat
AMEX
Credit CardInstant
Deposit
Fee:Free
Min:USD 50
Max:N/A
Withdrawal
Fee:USD 5
Min:USD 25
Max:N/A
Withdrawal processing time 1-3 business days; first withdrawal each month may be free but prevailing fee is $5 flat
China UnionPay
Credit CardInstant
Deposit
Fee:Free
Min:USD 50
Max:N/A
Withdrawal
Fee:USD 5
Min:USD 25
Max:N/A
Withdrawal processing time 1-3 business days; first withdrawal each month may be free but prevailing fee is $5 flat
19
Free Deposit
19
Instant
1
Crypto

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with BlackBull: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark BlackBull at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for BlackBull

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

1 site
🌐
https://blackbull.com/en/
Unknown
Active
SSL
1
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

Comments

Share your thoughts and experiences with BlackBull