BlackBull Markets Ratings & In-Depth Review

Overview: This forex broker is based in Auckland, New Zealand, and regulated by the FSPR (Financial Services Provider Registry) in NZ. Traders will enjoy a high level of customer support, raw core spreads from 0 pips with no markups, commission-free accounts and a “True ECN Broker with Straight Through Processing” and is stricly non-deal desk.

Account: Commission free standard accounts for beginners are available with spreads from 0.8 and minimum lot size 0.01. ECN Prime accounts has spreads from 0.1 and minimum lot size 0.01. ECN Institutional Accounts is for institutional traders, with spreads from 0.0, negotiable commissions, and minimum lot sizes of 0.01. Institutions have the option of VIP Prime accounts with a personal account manager, which high volume traders also enjoy. Islamic trader accounts are available too that are swap-free . All funds are deposited in segregated accounts with ANZ Bank which is one of New Zealand’s oldest financial institutions. Traders can open a fully customizable demo account with Meta Trader 4 that emulates real time pricing.

Minimum deposit: $200 -$20,000 depending on account

Maximum leverage: 1:500

Features: Black Bulls Markets gives you Metatrader 4 & 5 for various devices, and a Web Trader platform. You can also integrate with social trading systems like Myfxbook and Zulu Trade. The forex broker also offer low-latency Virtual Private Servers for Prime Accounts to operate without downtime. Blackbull have joined the Equinix Financial eXchange network for their liquidity sources. BlackBull markets also has several affiliate programs like the Introducing Brokers Program, and CPA programme.

Education: Blackbull offers webinars, training videos, trading guides and more to help you hone your strategy. They also have resources for beginners that are learning to trade.

Deposits/Withdrawals: Deposits are supported in 9 global currencies, and processing generally takes between 1 and 3 days. A variety of payment methods are supported. Withdrawals are processed between 24 hours and 2 days. Deposit methods include: Bank wire, Credit/Debit card, Skrill, Neteller, China Union Pay, Fasapay

Customer service: Blackbulls main focus is customer service. Support is available through email, live chat, and toll free phone numbers in Malaysia and New Zealand 24/6.