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.
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)
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
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.
