FBRForex Broker Rating
E
Reviewed by Editorial Team · Last reviewed
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BlackBull Markets Review

Updated regularly · Independent ratings

Overall Rating
4.5 / 5
Fees
4.3 / 5
Safety
4.5 / 5
Platforms
4.5 / 5
Education
3.5 / 5
Min. deposit
$0

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.

BlackBull Markets — At a Glance

Full broker data from our database

Minimum deposit$0
Broker typeSTP, ECN
Spread typeVariable
Spreads fromECN Standard Account: 0.8 pips, ECN Prime Account: 0.0 pips, Prime+ Account: 0.0 pips,
CommissionECN Standard Account: No commission, ECN Prime Account: $3.0 per lot per side, Prime+ Account: $3.0 per lot per side,
Maximum leverage1:500 (FMA), 1:500 (FSA)
Minimum lot size0.01
Maximum lot size200
Decimal pricing5 decimals
Trading platformsTradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
API accessYes
VPSYes
Demo accountYes
Segregated accountYes
Swap-free accountYes
Managed accountYes
PAMM / MAM accountYes
Joint accountNo
Copy tradingYes
Social tradingYes
Account currenciesUSD, GBP, EUR, AUD, NZD, CAD, JPY, SGD, ZAR
One-click tradingYes
OCO ordersYes
Trailing stop lossYes
Hedging allowedYes
Scalping allowedYes
Interest on marginNo
BonusesYes
ContestsYes
RegulatorsFMA (New Zealand), FSA (Seychelles)
HeadquartersLevel 20, 188 Quay Street, Auckland Central, Auckland, New Zealand.
International officesNew Zealand, United Kingdom, Seychelles
Assets offeredForex, CFDs
Payment methodsBank Transfer, Credit Cards, Debit Cards, Apple Pay, Google Pay, Skrill, Neteller, China UnionPay, AstroPay, FasaPay, AIRTM, HexoPay, Poli, PaymentAsia, Help2Pay, FXPay, Boleto, Beeteller
LanguagesEnglish, French, Spanish, German, Portuguese, Italian, Arabic, Chinese, Korean, Malay, Thai, Vietnamese
Customer supportLive Chat, Email, Telephone, WhatsApp
Contact emailsupport@blackbull.com

Pros & Cons

Pros

  • +Strong regulatory oversight.
  • +Established in 2014 with a strong and proven track record.
  • +Segregated client funds.
  • +Negative balance protection.
  • +Wide range of global market access through CFDs.
  • +Fast and simple account setup process.
  • +Free demo account available.
  • +Islamic swap-free accounts available.
  • +No minimum deposit.
  • +Multiple fast and secure payment methods.
  • +Various account currency options.
  • +Multiple account types for different trading styles.
  • +Low forex and CFD trading fees.
  • +Ultra-low spreads from 0.0 pips on the ECN Prime and Prime+ accounts.
  • +No account inactivity fees.
  • +Supports TradingView, MetaTrader 4, MetaTrader 5, and cTrader integration.
  • +No restrictions on trading strategies.
  • +Integrated social, copy, and PAMM trading features.
  • +Adequate support for EAs and algorithmic trading.
  • +Free VPS available for automated trading.
  • +High leverage trading capability (up to 1:500).
  • +Strong research tools & market analysis.
  • +Solid educational content for beginners.
  • +Great customer support service, available 24/7.

Cons

  • Product offering is limited to forex and CFDs.
  • No proprietary mobile trading app.
  • Educational content is limited compared to competitors.
Visit BlackBull Markets →

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.