BlackBull
Your Gateway to Global Trading
Trade Forex, Stocks, Indices and Commodities with competitive spreads
Key Broker Details
Quick Facts
Regulation
FSA (Seychelles)
Country
New Zealand
Min. Deposit
$0.00
Spreads
From 0.8 pips (Standard, no commission); 0.1 pips (Prime); 0.0 pips raw (Institutional)
Pros
What we like
- Ultra-fast execution speeds (#1 ranked by CompareForexBrokers)
- Raw spreads from 0.0 pips and low commissions
- No minimum deposit ($0 for Standard account)
- High leverage up to 1:500 with negative balance protection
- Massive range of 26,000+ instruments across multiple assets
- Multiple platforms: MT4, MT5, cTrader, TradingView, plus copy trading
- Free VPS hosting, FIX API, and scalping/EA-friendly
- 24/7 multilingual support and segregated funds
Cons
Areas for improvement
- Limited Tier-1 regulations (no FCA, ASIC, or CySEC)
- Education and research tools are good but thinner than top competitors
- $5 flat withdrawal fee (regardless of method)
- No proprietary mobile app (uses platform mobiles)
- Restricted in USA, Canada, and several sanctioned countries
Broker Summary
Founded in 2014, BlackBull Markets is a multi-award-winning ECN broker based in New Zealand, delivering institutional-grade trading conditions to retail traders. With access to over 26,000 tradable instruments including forex, stocks, CFDs, commodities, and cryptocurrencies, it offers lightning-fast execution speeds (under 75ms average), raw spreads from 0.0 pips, leverage up to 1:500, and no minimum deposit on most accounts. Powered by Equinix servers in NY4, LD5, and TY3, BlackBull provides deep liquidity, segregated client funds, and 24/7 support. It's ideal for scalpers, algo traders, and high-volume professionals, with platforms like MT4, MT5, cTrader, and TradingView. Regulated by FMA (New Zealand) and FSA (Seychelles), it ensures secure, transparent trading for beginners to experts.
Safety & Regulation
Capitalization
Backed by Milford Asset Management (NZ$17.5bn+ AUM); strong financial partnerships including LMAX stake
Insurance
No explicit fund insurance mentioned; client funds in Tier-1 NZ banks
Licenses
FMA (New Zealand) FSP403326; FSA (Seychelles) SD045
Jurisdictions
New Zealand (FMA), Seychelles (FSA)
Trading Tools
Social Trading
Econ Calendar
Account Managers
Payments
Cards, e-wallets, bank transfer, cryptocurrencies
Trading Platforms
Mobile Trading
Yes (via MT4/MT5/cTrader/TradingView mobile apps; BlackBull SCA app for account management)
Web Trader
Yes (TradingView integrated, cTrader Web, MT4/MT5 WebTrader)
BlackBull Overview
Comprehensive broker information and trading capabilities
Languages & Region
English, Spanish, Chinese, Malay, and 10+ others (24/7 multilingual support)
New Zealand
Pricing & Fees
ECN raw pricing; commissions $0-$6/lot; competitive all-in costs
Deposit Methods
Bank wire, credit/debit cards, Skrill, Neteller, crypto (BTC, USDT, etc.), local INR payments, Fasapay, UnionPay
Withdrawal Methods
Same as deposits; processed within 24 hours, $5 fee
Trading Platforms
MetaTrader 4, MetaTrader 5, cTrader, WebTrader
Leverage
Up to 1:500 (all accounts)
Account Types
most-trusted
Customer Support
24/7 live chat, email, phone; highly rated for responsiveness
Fund Security
VPS Hosting
BlackBull Insights & Features
Discover what makes BlackBull stand out with comprehensive tools and resources
News & Analysis
Market insights and analysis
Daily market updates, economic calendar, TradingView newsfeed
Top Feature
Standout platform feature
Lightning-fast execution (<75ms), 26,000+ instruments, free VPS & TradingView integration
Research Tools
Advanced research capabilities
Autochartist, Trading Central, daily opportunities blog, Myfxbook integration
Educational Resources
Learning materials and courses
3000+ YouTube videos, webinars, guides, glossary; solid but not industry-leading
BlackBull Account Structure
Compare account types and features
BlackBull Account Types
| Feature | ECN Standard | ECN Prime | ECN Institutional |
|---|---|---|---|
| Best For | Beginners, low-volume traders | Experienced scalpers, algo traders | High-volume professionals, institutions |
| Minimum Deposit | $0 (most accessible) | $2,000 | $20,000 (negotiable for VIPs) |
| Spreads (from) | 0.8 pips (average ~1.0-1.1 on EUR/USD) | 0.1 pips (average ~0.11 on EUR/USD) | 0.0 pips raw (lowest available) |
| Commission (per side per $100k traded) | $0 (commission-free) | $3.00 ($6 round-turn per lot) | Negotiable (~$2.00 or lower; often $4 round-turn) |
| All-in Cost Example (EUR/USD) | ~1.0-1.1 pips | ~0.71 pips | ~0.4-0.6 pips (lowest costs) |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Execution Type | ECN/STP (no dealing desk) | ECN/STP | ECN/STP (customizable servers) |
| VPS Hosting | Paid (or free if qualifying volume) | Free for $2,000+ deposit & 20 lots/month | Free (priority for high volume) |
| API Trading/FIX | Limited | Yes | Yes (advanced + customizable) |
| Dedicated Support | Standard 24/7 | Priority | Personal account manager |
| Islamic/Swap-Free | Yes | Yes | Yes |
| Other Perks | No min deposit, easy entry | Tighter spreads, better for EAs/scalping | Deepest liquidity, negotiable terms |
Trading Features & Conditions
Explore BlackBull's comprehensive trading ecosystem
Max Leverage
Up to 1:500 (varies by region)
Risk Management
Stop Loss / Take Profit, Negative Balance Protection (Region-based)Margin/Leverage Controls
Special Conditions
Special Conditions: ECN Deep Liquidity Execution VPS Hosting for Active Trader FIX API Available (for high-frequency / algo traders)
Frequently Asked Questions
No FAQs available for this broker.
