BlackBull Markets

Blackbull markets review and test – is it the best ECN broker?

5 out of 5 stars (5 / 5)
Starting 0.0 pips
blackbull markets logo

Do you want to know more about BlackBull Markets? – Then you are right on this site. BlackBull Markets is a new ECN Forex Broker from New Zealand. As a team with more than 9 years of experience in forex trading, we tested this broker in detail. In the following review, you will get the best information about the trading platform. What are the conditions for traders? Is it really worth investing your money there? – Find out in our accurate review. 

BlackBull Markets official website
BlackBull Markets official website

(Risk warning: Your capital can be at risk)

What is Blackbull Markets? – The broker presented

BlackBull Markets was founded in 2014 by forex traders and fintech developers. The company is based in New Zealand, Auckland 101, 120 Albert Street, Level 22, and got the registration number 5463921. The broker is specialized in forex trading and more than 64 currency pairs are available to trade on the MetaTrader 4 platform.

From our experience, Blackbull Markets is not a very big online broker like Tickmill for example but the broker shows high expertise in currency investing. It is a true ECN Broker without a dealing desk. Also, there is high liquidity for retail traders and even professional traders. We will show you more details about this topic in the next sections. All in all, BlackBull Markets seems like a trustworthy Forex Broker from the first look. What can the broker offer? – We will show you in the following review.

See our video about Blackbull Markets:

Facts about BlackBull Markets: 

  • Based in New Zealand
  • True ECN Broker specialized in forex trading
  • Founded in 2014
  • High liquidity for retail and professional traders
  • Accepts international clients
  • Customizable trading fees

(Risk warning: Your capital can be at risk)

Is BlackBull Markets regulated? – Safety for customers

From our perspective, it is very important to use a regulated Forex Broker. On this website, we present you with only regulated ones. On the internet, there are a lot of traps and scam brokers that will steal your money. Before signing up with any broker you should check if it is a real company and if it is a regulated trading platform.

BlackBull Markets is based in New Zealand and is also regulated there. The company is registered with the Financial Service Provider Registry (FSPR) and is a member of the Financial Service Complaints Limited (FSCL). The broker acts with the highest security standards. BlackBull Markets is a trusted broker because it is fully regulated and registered.

BlackBull Markets is a registered financial service provider
BlackBull Markets is a registered financial service provider

The broker also supports segregated client funds and accounts. The company does not trade against customers or hedge its positions. It is a true ECN Broker with Deep Pool Liquidity.

Regulation and licenses: 

(Risk warning: Your capital can be at risk)

Conditions for traders – What can the forex broker offer?

First of all, we have to mention that everyone can create a free demo account with BlackBull Markets to test the trading service. It is a free and virtual account where you get real data from the markets. You can trade without risk. The minimum deposit is $200 for the Standard Account. Also, there are 2 other account types that we will present to you in the next section.

The maximum leverage is 1:500 and can be customized in your account dashboard. It is a big advantage that BlackBull Markets is based in New Zealand because European traders can enjoy high leverage. More than 100 different assets are available to trade.


  • Forex (more than 64 currency pairs)
  • CFDs (Indices)
  • Commodities
  • Cryptocurrencies
  • Stocks

Furthermore, the spreads are very low on every market and it is depending on your account type. The ECN Standard Account gives you a spread from 0.8 pips but you pay no commissions. With the ECN Prime Account, you have to start spreads from 0.0 pips and you pay a commission of 6$ per lot. If you deposit more than $20,000 you can enjoy custom offers for the commissions.


For traders who want to enjoy low spreads, BlackBull Markets is the right broker. Also, 24-hour support is available in different languages per phone, mail, or chat. We tested the support via email and there was a fast and professional response.

BlackBull Markets is not only for retail clients. There is a service for professional clients and money managers (institutional service). The broker can offer the best liquidity and fastest execution.

Summary of the conditions: 

  • Free demo account
  • Minimum deposit $200
  • Account types
  • 24-hour support
  • High liquidity and fast execution
  • Low spread on more than 100 markets
  • Social Trading
  • Virtual Private Servers (VPS)
  • Affiliate Service
  • Prime Services and Institutional Services

Account types

BlackBull Markets offers 3 types of real accounts for traders. The account type is depending on your deposit and account balance. You get better conditions if you deposit more money because the broker can earn more money from the high trading volume

See the table for a comparison of the account types: 

MINIMUM DEPOSIT:$200$2,000$20,000
SPREADS FROM:0.8 pips0.1 pips0.0 pips
LEVERAGE UP TO:1:5001:5001:500
COMMISSION:No commission$6.00 per LotNegotiable

(Risk warning: Your capital can be at risk)

BlackBull Markets is a real ECN broker with high liquidity

ECN (Electronic Communication Network) means that there is no dealing desk and the liquidity providers are competing against each other to give the best prices to the clients. BlackBull Markets offers the best technology and network for high liquidity.

There are 3 Equinix Servers used: 

  • NY4 (New York)
  • LD4 (London)
  • TY3 (Tokio)

With the standard account, you will get an additional spread but you pay no commission. By using the other accounts you will get the raw spreads but you have to pay a commission. BlackBull Markets do not manipulate orders or hedge them.

BlackBull Markets is globally active
BlackBull Markets is globally active

Also, deep-pool liquidity is offered. That means you can trade more than 100 lots with one click by using high leverage of 1:500. There are no requotes and you will get a guaranteed execution. The following points will show you what happens in different locations.

Auckland, New Zealand – Headquarters

  • Backoffice
  • Compliance
  • Regulation

New York, United States of America – Technical support

  • ECN-bridge Equinix NY4
  • Technical support
  • Main trading server

Kuala Lumpur, Malaysia – Customer Support 

  • Support office
  • Risk management
  • Analysis

London, Great Britain – Server Hub

  • ECN-bridge Equinix LD4
  • Deep pool liquidity

Hongkong, China – Datacenter

  • Website servers
  • Client cabinet servers

Tokyo, Japan – Server Hub

  • ECN Bridge Equinix TY3

We like that BlackBull Markets is one of the most transparent brokers. If you got questions about pricing or liquidity you can ask the broker directly. All in all, it shows us that BlackBull Markets gives the client the best conditions for forex trading and the client is trading without conflict of interest.

(Risk warning: Your capital can be at risk)

Blackbull Markets trading platform MetaTrader 4

For trading forex, BlackBull Markets is offering the well-known trading platform MetaTrader 4. It is the most popular one in the world. You can download the software for free on the homepage. It is available for any device you can use. You get access to more than 100 different markets with your computer or mobile phone.

MetaTrader 4 supports: 

  • Web-version
  • Desktop download
  • Android
  • iOS (Apple)

In the picture below you will see a screenshot of the desktop version of the platform. We recommend using the download for the computer because you can do a better and more detailed analysis. That does not mean that a full analysis with your mobile phone is not possible. It is just our recommendation for you.

BlackBull Markets MetaTrader 4 screenshot
BlackBull Markets MetaTrader 4 screenshot

On the left side, you see all the markets in MetaTrader 4. The prices are shown and you can see the spread (bid and ask price). If you do a right-click you can customize the table. Even the market-depth and tick-chart are supported by the software. On the upper side, you see the functions of the software. Add indicators, new tools, or add-ons with a few clicks. Also, you can customize the chart on the upper side. If you do a right-click in the chart there are just more options for customizing the software.

The MetaTrader supports all types of technical analysis and direct market trading. You can use free indicators and analysis tools which are very customizable. It is possible to adjust the tools to your own trading strategy. Moreover, multi-charting and one-click trading are supported by the software.

Advantages of the MetaTrader 4: 

  • Free indicators
  • Technical analysis tools
  • Customize every tool and indicator
  • Supports multi-charting
  • One-click trading
  • Supports automated trading and VPS servers
  • Secure platform with fast execution

(Risk warning: Your capital can be at risk)

How to trade with BlackBull Markets

In this section, we will give you a short overview of how to trade on the MetaTrader 4 platform. Most beginners are confused by the details of the order mask. In the picture below you will see a screenshot of the order mask.

First of all, you have to choose the asset you want to trade and choose the position size (volume). The position size on the MetaTrader 4 shows only “lots”. 1 Lot (1 volume) means 100,000 units of the basic currency. For a correct position size, you have to calculate it or use an indicator. BlackBull Markets will help you with it if you do not know how to do it.

Then you set up your risk limit with a Stop Loss and Take Profit. These are limits where the position is closed automatically. Also, limit orders are possible on the MetaTrader 4 platform (pending orders)

BlackBull Markets Order Mask
BlackBull Markets Order Mask

How to trade:

  1. Choose the asset you want and generate a trading idea
  2. Choose the right trading position size
  3. Set a risk limit with the Stop Loss and Take Profit
  4. Buy or sell the market with one click
  5. Or open a limit order (pending order) and wait to get filled by the market
  6. You will see the opened positions in the MetaTrader terminal

(Risk warning: Your capital can be at risk)

Review of the BlackBull Markets account dashboard

Once you registered you get access to the customer center where you see all the information about your account. You can open a new trading account with a few clicks, do deposits and withdrawals, or get access to MAM accounts. The account dashboard makes a very good impression on us because it is very clear and not overloaded.

BlackBull Markets account dashboard
BlackBull Markets account dashboard

What you can do in the account dashboard: 

  • See the stats of your trading accounts
  • Download the trading platform
  • Confirm your account and upload documents
  • Open new trading accounts
  • Do deposits and withdrawals
  • Join social trading (MAM)
  • Join the partner program

(Risk warning: Your capital can be at risk)

Deposits and withdrawals with BlackBull Markets

BlackBull Markets offers you like any other online broker different payment methods for doing a deposit and withdrawal. You can use electronic methods for a direct deposit on your account or use the classic bank transfer. There are no fees for depositing money into your account.

When you do a withdrawal it can take 1-3 days till the withdrawal is done by BlackBull Markets. Often the time duration is a few hours. For withdrawals, you can use the same methods as the deposit but there are some fees for you.

BlackBull Markets deposit and withdrawal methods
BlackBull Markets deposit and withdrawal methods

BlackBull Markets deposit and withdrawal methods

Payment Methods: 

  • Bank transfer
  • Credit cards
  • Skrill
  • Neteller
  • Fasapay
  • UnionPay

Fees and costs:

As mentioned before there are some fees for you if you do a withdrawal:

  • Credit Card: 5 units of the base currency
  • Neteller: 5 units of the base currency
  • Skill: 5 units of the base currency
  • Bank Transfer: 20 units of the base currency

There are no additional fees. BlackBull Markets earns money only through the spread or commissions which are paid by the trader.

Review of the support:

BlackBull Markets offers 24-hour support on working days in English. You can use the phone, email, or chat to contact them. The chat is the fastest way to contact the broker in our opinion. From our experience, the support works very fast and professionally. All of our questions could be answered by them.

In addition, trading tutorial videos are offered in the education center of BlackBull Markets. There are daily analyses and webinars for the clients. The support is very good for a broker from New Zealand.

Støtte og service fra BlackBull Markets
Support and service by BlackBull Markets

  • Trading videos
  • Webinars
  • Education material
  • Market reviews and analysis
  • Economic calendar
  • Contract specifications
Phone, Email, Chat
Level 22
120 Albert Street
Auckland 1010
New Zealand
(+64) 9 558 5142

(Risk warning: Your capital can be at risk)

Conclusion: BlackBull Markets is a trusted Forex Broker

In conclusion, it is totally worth investing your money with BlackBull Markets. On this page, we showed you all the details of the company and we are impressed that the broker is very transparent. For all traders who are searching for a real ECN Broker, BlackBull Markets is the right choice.

The Forex Broker is fully regulated in New Zealand and provides a very good service. There is a free demo account to test the platform by yourself and for all traders who wants to start trading with real money the minimum deposit is only $200. More than 64 currency pairs are available for trading. This is a huge variety.

Also, the spreads are competitive and low. You will get the best liquidity and execution with this broker. Money managers and institutional traders are accepted, too. Overall, we can recommend BlackBull Markets as a trusted forex broker with very good conditions.

Advantages of BlackBull Markets: 

  • Fully regulated and secure broker
  • Real ECN spreads and liquidity
  • Fast execution and deep pool access
  • More than 100 different markets
  • Free demo account
  • Low minimum deposit of $200
  • Account types
  • Low spreads and commission
  • No hidden fees
  • 24-hour support
  • Institutional service

BlackBull Markets Review

Overview and test of the broker BlackBull Markets

Trusted Broker Reviews

Trading offers
Customer support


BlackBull Markets is a secure trading platform with transparent pricing and competitive spreads.


BlackBull Markets is one of the best ECN Forex Brokers. If you are searching for transparent pricing and execution you should use this Forex Broker.  5 out of 5 stars (5 / 5)

Trusted Broker Reviews Logo

Trusted Broker Reviews

Experienced traders for more than 9 years

(Risk warning: Your capital can be at risk)

FAQ – The most asked questions about BlackBull Markets : 

What trading offers are on BlackBull Markets?

With the popular MetaTrader 4 and MetaTrader 5 platforms, traders may trade with high leverage on currencies, indices, commodities, and energy products through BlackBull Markets, a currency trading, and CFD broker. The business is an Auckland-based local FX and CFD broker. Spreads as low as 0.0 pips and leverage up to 1:500 are available when buying and selling CFDs. BlackBull Markets offer leveraged FX trading.

How reliable is Black Bull Markets?

Global forex broker BlackBull Markets was established in 2014. BlackBull Markets is regarded as secure since it is overseen by New Zealand’s premier FMA. Black Bull Market is secure to use and is operated by FMA (The Financial Market Authority of New Zealand).

Is the Black Bull Markets governed?

Being a licensed broker, BlackBull Markets provides a good selection of safe financing options and maintains funds in top-tier segregated bank accounts in accordance with trust, safety, and confidence. Award-winning FX and CFD broker BlackBull Markets offers tools for novice traders and round-the-clock customer service.

Is BlackBull Markets secure?

Yes, it is secure to use. It is considered an average risk with an average rating of 74 out of 99. BlackBull Markets provides 281 tradeable assets, which is moderate for the sector. 

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