Overview
BlackBull Markets is a well-established online forex and CFD broker founded in 2014 in New Zealand. The broker was created with the aim to provide both retail and institutional traders with superior trading conditions and exceptional customer service. Over the years, BlackBull Markets has gained a reputation for its transparency, reliable execution, and low-cost structure. It has evolved to become one of the leading brokers in the industry, particularly in the Asia-Pacific region.
- Founded
- 2014
Strengths and watchouts
- Wide platforms selection
- 26,000 instruments
- VPS hosting and FIX API
- Copy trading and algo trading
- Irregular webinars
- High swaps
Safety and regulation
BlackBull Markets is regulated by the New Zealand Financial Markets Authority (FMA) and holds an Australian Financial Services (AFS) license, granted by the Australian Securities and Investments Commission (ASIC). These licenses ensure that BlackBull Markets operates under the strict financial regulations that safeguard clients' interests and maintain high standards of transparency and fairness. To enhance client security, BlackBull Markets holds client funds in segregated accounts with Tier-1 banks. This ensures that clients' funds are protected and are not used for the broker's operational purposes. However, BlackBull Markets does not offer direct insurance on client deposits.
- FMA
- FSA
Between 70% and 85% of retail investor accounts lose money when trading CFDs with most regulated providers — the exact figure for any specific broker is published on that broker's own website. Consider whether you understand how these instruments work and whether you can afford the high risk of losing your money.
Markets available
- Forex
- Commodities
- Share CFDs
- Indices
- Cryptocurrencies
- Futures
Account types
| Account | Min deposit | Commission | Leverage |
|---|---|---|---|
| ECN Standard | $0 | 0.8 | 1:1 to 1:500 |
| ECN Prime | $0 | 0.1 | 1:1 to 1:500 |
| ECN Institutional | $0 | 0.0 | 1:1 to 1:500 |
Fees and costs
BlackBull Markets offers competitive spreads starting as low as 0.1 pips on major forex pairs. The broker uses a commission-based pricing model for ECN accounts, where traders pay a fixed commission fee per trade. On standard accounts, there are no commissions, with spreads incorporated into the trading cost. Swap rates, which are applied to positions held overnight, depend on the instrument being traded and market conditions. BlackBull Markets provides detailed swap rate information on its platform, allowing traders to understand the costs or credits associated with holding positions overnight. BlackBull Markets charges an inactivity fee on accounts that remain dormant for a specified period, typically six months. This fee helps cover administrative costs associated with maintaining inactive accounts.
How we reviewed this broker
Each broker review documents the broker's claimed regulators, cross-references them against the public registers (FCA, CySEC, ASIC, FSCA, BCC and others), and notes any divergence. Where a regulator has issued a public advisory, the URL is cited inline so a reader can verify it directly. Tradable instruments, account types, and fees are sourced from the broker's published disclosures or documented as unavailable. The full scoring methodology is public.
Read the full methodology →Frequently asked questions
Is the broker regulated?
What trading platforms are available?
What is the minimum deposit required to open an account?
What types of accounts does the broker offer?
What fees and commissions are charged?
What is the maximum leverage available?
Are demo accounts available?
How can I contact customer support?
Reader reviews
Jai
Feb 9, 2025
The support team exceeded my expectations with their prompt and effective assistance. They were incredibly responsive and provided valuable help. I encountered no problems at all.
Aussie Capsule
Feb 9, 2025
I had a conversation with Kristy, who immediately took care of my request. The service was impressive and, as usual, very efficient.
Ankit Bansal
Feb 9, 2025
I am thoroughly satisfied with my experience using Blackbull Markets as my broker. Having been with them for the past five to six months, I have encountered no issues whatsoever. The execution of trades is consistently dependable, setting them apart from other brokers I've tried. Their customer support is outstanding, especially Georgia, who was incredibly helpful in addressing all my inquiries and quickly fulfilling my requests.
Showing 1–3 of 10 reviews