Written by: Krisztián Gátonyi
Recommended for: forex trading 0.2/5
Trusted broker: Regulated by top-tier financial authorities
Updated: DEC,2022
Popularity: multiple people chose this broker in last 6 months
BrokerChooser Score: 0.2/5
BlackBull review summary
BlackBull Markets is a New Zealand-based forex broker. BlackBull Markets has low forex and CFD fees. The account opening is fast, fully digital and user-friendly. The trading experience is supported by great educational tools, including videos, texts and a demo account. On the negative side, there is a withdrawal fee. Research tools are basic and the Prime Account minimum deposit is high. BrokerChooser gave BlackBull Markets a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.
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See how BlackBull is regulated and whether you should have any concerns using it.
BlackBull pros and cons
Pro
Cons
- Low forex and CFD fees
- Withdrawal fee
- Fast and user-friendly account opening
- Limited research tools
- Great educational tools
- $2,000 minimum deposit for Prime Accounts
BlackBull main highlights
| Country of regulation | New Zealand, Seychelles |
| Trading fees class | Low |
| Inactivity fee charged | No |
| Withdrawal fee amount | $5 |
| Minimum deposit | $0 |
| Time to open an account | 1 day |
| Deposit with bank card | Available |
| Depositing with electronic wallet | Available |
| Number of base currencies supported | 8 |
| Demo account provided | Yes |
| Products offered | Stock, Forex, CFD |
Fees
BlackBull Markets has low forex and CFD trading fees and there are no deposit fees. On the other hand, withdrawal carries a charge.
Account opening
The account opening process at BlackBull Markets is fully digital, user-friendly and fast. Our account was approved within a day. On the other hand, the minimum deposit is high for Prime Accounts.
Deposit and withdrawal
BlackBull Markets’ deposit and withdrawal services are great. Several base currencies are available, there are numerous options for moving your money, and there is no deposit fee. However, the broker charges a fee on withdrawals.
Web trading platform
The web trading platform at BlackBull Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, its design is outdated and it lacks a two-step login and price alerts.
Mobile trading platform
BlackBull Markets has a great mobile trading platform, provided by MetaTrader 4. It’s well-designed and user-friendly with good search functions, but lacks a more secure login.
Desktop trading platform
In design and functionality, BlackBull Markets’ MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts.
Markets and products
At BlackBull Markets, you can trade real stocks, forex and CFDs. In other words, popular asset classes like bonds or ETFs are not available.
Research
BlackBull Markets has limited research tools. Clients will not find a quality news service and the range of analytic tools is limited. As a plus, clients have access to an economic calendar and market analyses.
Customer service
BlackBull Markets has great phone, email, and live chat support. On the negative side, customer support is not available 24/7.
Education
BlackBull Markets offers great educational tools in the form of educational videos, quality educational texts, trading platform tutorials and a demo account.
