3.0 AskBrokers Score
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3.0 AskBrokers Score
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BlackBullMarkets.com is an online Forex broker founded in 2014 in New Zealand. It is run by Black Bull Group Limited in New Zealand, now with offices in Auckland, New York, Kuala Lumpur, Jakarta and London via Black Bull Group UK Limited.

The group is registered with Financial Services Provider Register in New Zealand, thus meeting requirements for Anti-Money Laundering (AML) and (Counter Financing of Terrorism) CFT policies, as well as being regulated by Financial Markets Authority (FMA). Additionally, they are partnered with ANZ Bank in order to manage operational liquidity and make use of segregated client bank accounts.

BlackBullMarkets.com offers 3 different ECN account types: Standard, Prime and Institutional. All three offer leverage of up to 1:500 and cover a range of platforms: P.C., Mac, Android, iOS.

Standard offers spreads starting at 0.8 pips and no comission. This is aimed at Forex traders who are just starting off and clients can begin trading with a deposits as low as $200.

Prime accounts have lower spreads, starting at 0.2 pips but as a difference to the Standard, they will have a commission of $6 per lot. Prime users have a $2,000 minimum deposit requirement in order to start trading.

Institutional accounts start their spread from 0 and the commission is negotiable. The deposit requirement to register an Institutional account is a minimum of $20,000 and comes with 24/6 dedicated technical support, as well as a white label branding option and complementary VPS access.

Markets offered for trading, aside from Forex majors and minors, include indices such as SPX500, GER30, AUS200, metals and energy.

Customer Support: BlackBullMarkets.com offers 24/5 customer support through phone, email or live-chat with a customer representative. They cover a currently limited set of languages with a focus on Asia. The languages offered are: English, Chinese, Deutsch, Japanese, Malay and Thai.

BlackBullMarkets.com offers trading platforms for the commonly used Metatrader MT4 platform on PCs, Macs for desktop users, and Android & iOS for traders on the go.

BlackBullMarkets.com is a decent broker forex broker. The focused range of languages, markets and deposit methods might be considered a limitation for experienced traders looking for flexibility.



  • User friendly trading platform
  • Good customer service
  • 9 different account base currencies – in line with other Forex brokers


  • Low focus on internationalization
  • Only Metatrader based trading platforms
  • Browser trading is not yet possible, however it is a direction BlackBullMarkets.com is exploring
  • User experience can be improved


  • Forex
  • CFDs & Indices
  • Commodities
  • Metals and Energy

Fee Structure


  • No comissions for the ECN Standard account
  • Clear statements about fees & commissions on the website


  • Withdrawal fees vary based on the chosen method

The Account and Regulation


  • FMA regulated
  • Capital is held in segregated accounts
  • Deposits can be made via card, Skrill, Neteller, China Union Pay and fasapay


  • Paypal is not available as option for deposit and withdraw  
  • Withdrawal fees ranging from $5 to $20 are applied based on the chosen method
  • Withdrawals can take up to 5 days

Trading Platforms

Web Trading Platform


  • It is on the feature roadmap


  • It was not available at the time this review was written

Mobile Trading Platform


  • Basic features on the familiar MT4 interface
  • Easy navigation


  • News feed was empty for various markets
  • Calendar feature requires another app to be installed
  • Features may be lacking for more experienced traders


BlackBullMarkets.com have a trading education blog and a few training videos focused on using the MT4 platform and introductory concepts about candlesticks and technical analysis.

The blog outlines some market analysis aspects, as well as covering news related to BlackBullMarkets.com events and partnerships.

The video courses are informative and helpful for traders looking for an introduction into trading.

The Platform

Web Trading Platform

At the time this review was written, web trading was not available for BlackBullMarkets.com.

Mobile Trading Platform

The mobile trading platform for BlackBullMarkets.com consists of the regular MT4 mobile app – should be a familiar sight for most traders, but it doesn’t add anything new to the mix either.

Economic calendar is available through Tradays forex calendar app

The news feed was empty for various markets being tested.

It sports a fairly straightforward interface otherwise, easy to add Forex pairs in the quotes listing.

Charts are also easy to interpret and navigate, but may get quickly crowded if multiple indicators are used. Good for generic use.


BlackBullMarkets.com is a decent Forex CFD broker. They offer a fair balance of Forex markets and should fit the needs of Forex traders regardless of experience.

Their online platforms are easily operated through MetaTrader and the company offers good tools for research and learning. Mobile trading is also done through Metatrader, and the company has its own mobile apps covering iOS and Android platforms.


BlackBullMarkets.com is a CFD broker and makes revenue from the spread (on Standard & Prime accounts), the commissions per lot associated with the Prime and Institutional accounts, as well as withdrawal fees.

You can see a sample below, but we recommend visiting the website for updated information.

3.0 AskBrokers Score
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