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BlackBull Markets group includes 2 related companies.
BlackBull Markets NZ - located in New Zealand, registered and licensed by the Financial Service Providers Register (FSPR).
BlackBull Markets SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (FSA).
BlackBull Markets group accepts clients from all over the world, excluding USA, Brazil, Venezuela, Russia, Ukraine, Belarus, China, Egypt, Iran, Yemen, Nigeria, Zimbabwe and some other FATF sanctioned countries.
Forex broker offers the following underlying assets for trading.
| 60+ Currency Pairs | Based on major and minor world currencies. |
| 20+ Crypto Pairs | Based on various top-rated coins and tokens. |
| 12 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 6 Metal Spot CFDs | Based on Gold, Silver, Copper, Aluminium, Lead, Zinc. |
| 3 Energy Spot CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 1500+ Stock CFDs | Based on shares of US, UK and EU companies. |
BlackBull Markets is a forex & CFD brokerage company headquartered in New Zealand under the name Black Bull Group Limited, and with an additional offshore branch incorporated in the Seychelles as BBG Limited. The broker has been in business since 2014, making it a well-established player in the industry by now.
Being from New Zealand, BlackBull Markets is registered with the country's Financial Service Providers Register (FSPR), but not regulated by the Financial Markets Authority (FMA). It's important to note that FSPR is not a regulator, but simply a registry of all financial services providers operating out of New Zealand. Still, this means that although BlackBull Markets is not regulated, it may still be possible to contact the FSPR in the event of any disputes with this broker.
As a result of its regulatory status, high leverage of up to 1:500 is available for all clients trading with BlackBull Markets, including EU residents. This is in line with the current industry standard for offshore forex brokers.
In terms of trading instruments, BlackBull Markets offers a fairly wide selection, including over 60 forex pairs, around 20 crypto pairs, 12 major stock indices, and some of the most commonly traded commodities. In addition, a large selection of stocks listed in the US, UK and Europe is available for trading. All of the assets are traded as leveraged contracts-for-difference, better known as CFDs, which makes it easy to go both short and long at any time and with low margin requirements.
As far as trading platforms go, BlackBull Markets gives its clients the choice between trading on the classic MetaTrader 4 (MT4), the newer MetaTrader 5 (MT5), cTrader, or directly via TradingView. Traders choosing the latter option will get discounts on their TradingView Essential, Plus, or Premium subscription if they meet certain trading volume requirements.
Unlike most other brokers, BlackBull is a pure ECN (electronic communications network) broker. This means that it does not match any client orders internally via a dealing desk, but instead passes all orders on to liquidity providers that handle the order matching. As a result of this, all account types offered by the broker are ECN-style accounts with relatively tight spreads.
Large traders looking for the very best spreads should go for the ECN Institutional account, which comes with spreads starting from 0.0 pips and $2 commissions. However, the minimum deposit requirement for this account is rather high at USD 20,000, which unfortunately keeps it out of reach for many independent traders. In these cases, the ECN Prime account may be a better choice, with no minimum deposit requirement, commissions of $3, and spreads from 0 pips. For new traders who are just getting started in forex, however, the ECN Standard account remains a fairly good option with no minimum deposit, commission-free trading, and spreads starting from 0.8 pips.
The broker's New Zealand office can be reached for any inquiries directly via phone, WhatsApp, or live chat, all of which are open 24 hours on all trading days.
All in all, BlackBull Markets is clearly a broker with a well-established position and a strong track record that dates back to its founding in 2014. The broker now has a very wide selection of trading instruments including a huge number of stocks, supports multiple popular trading platforms, offers discounts on TradingView subscriptions, and allows high leverage while still being legally incorporated in New Zealand. In sum, we therefore see BlackBull Markets as a very interesting forex broker that traders should pay close attention to.
