is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

BlackBull Markets Review 2024

Written by
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

April 26, 2024

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

BlackBull offers an excellent forex and CFD trading environment, featuring extensive trading instruments and advanced trading platforms. It is a wonderful choice for traders that demand superior market access and tools.

Overall Rating

8.0 / 10

Minimum Deposit


Trust Score info

Average Risk

Pros and Cons

thumb_up_off_alt Pros

  • Incredibly Diverse Range of Tradeable Symbols: BlackBull provides an expansive range of over 26,000 tradeable symbols, offering extensive opportunities for market diversification.
  • Advanced Trading Platforms: Supports a wide range of third-party platforms, including MetaTrader 4 and MetaTrader 5, cTrader, and TradingView, accommodating a wide variety of trading strategies.
  • Comprehensive Education Resources: Offers both advanced and beginner educational videos, beneficial for traders at all levels.

thumb_down_off_alt Cons

  • Sparse regulatory licenses: Its only tier-1 regulator is in New Zealand, and the other tier-4 license does not offer much protection.
  • Average spreads and fees: Overall costs are about the industry average in most cases.

Ratings Summary

  • Investment Types - 9.5/10
  • Commissions & Fees - 8.5/10
  • Trading platforms - 8.0/10
  • Research - 8.0/10
  • Mobile Apps - 7.5/10
  • Education - 7.5/10
  • Overall - 8.0/10

Can I trust BlackBull Markets?

BlackBull is a broker considered to be of "Average Risk" with a trust score of 78 based on rankings from, providing a relatively secure trading environment. Its only tier-1 license is from a regulator in New Zealand.

BlackBull Markets is currently licensed and/or authorised by the following regulatory bodies:

Is BlackBull Markets good for beginners?

BlackBull is highly suitable for beginners, providing extensive educational resources that include videos for both novice and advanced traders, making it an ideal platform for new traders to start their trading journey.

Feature BlackBull Markets logoBlackBull Markets
Education (Forex or CFDs) info Yes
Client Webinars info Yes
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info Yes
Investor Dictionary (Glossary) info Yes

BlackBull Markets commissions and fees summary

BlackBull's fee structure is favorably structured for active traders, including discounts for high-volume trading. The average spread cost for the EUR/USD pair using a Prime account stands at 0.76 after factoring in commissions, which is about industry average.

Feature BlackBull Markets logoBlackBull Markets
Minimum Deposit info $0
Average Spread EUR/USD - Mini info 1.27 info
Average Spread EUR/USD - Standard info 0.76 info
All-in Cost EUR/USD - Active info 0.76 info
Active Trader or VIP Discounts info Yes

BlackBull Markets trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

BlackBull is well-equipped with advanced trading platforms, offering multiple third-party platforms, which are highly recommended for traders who need robust technical analysis tools and customizable trading environments.

Trading platforms offered: BlackBull provides numerous platforms, including MetaTrader 4 and MetaTrader 5, cTrader, TradingView, and others.

Trading tools: Offers a comprehensive set of trading tools, enhancing the trading experience for all types of traders.

MetaTrader: Supports both MT4 and MT5.

Copy trading: BlackBull offers many options for copy trading, including ZuluTrade, Myfxbook, and their own proprietary tool.

Feature BlackBull Markets logoBlackBull Markets
Virtual Trading (Demo) info Yes
Proprietary Platform info No
Desktop Platform (Windows) info Yes
Web Platform info Yes
MetaTrader 4 (MT4) info Yes
MetaTrader 5 (MT5) info Yes
DupliTrade info No

BlackBull Markets trading platform screenshots

Mobile trading apps at BlackBull Markets

The mobile trading apps from BlackBull are functional, providing adequate tools for trading and monitoring markets from mobile devices.

Feature BlackBull Markets logoBlackBull Markets
Android App info Yes
Apple iOS App info Yes
Mobile Economic Calendar info Yes
Mobile Alerts - Basic Fields info Yes
Mobile Charting - Draw Trendlines info Yes
Mobile Watchlist info Yes

BlackBull Markets mobile app screenshots

How do I open an account with BlackBull Markets?

  1. Go to the BlackBull website and locate the account opening section.
  2. Complete the online application form with your details.
  3. Provide necessary identification documents for verification.
  4. Fund your account with the required minimum deposit.
  5. Start trading after account approval.

What can I trade at BlackBull Markets?

BlackBull offers a vast selection of markets, with 72 forex pairs and over 26,000 tradeable symbols, making it highly recommended for traders seeking a broad array of investment opportunities.

Feature BlackBull Markets logoBlackBull Markets
Tradeable Symbols (Total) info 26000
Forex Pairs (Total) info 72
Social Trading / Copy Trading info Yes
Cryptocurrency (Physical) info No
Cryptocurrency (Derivative) info Yes
Spread Betting info No

BlackBull Markets research screenshots

Account funding at BlackBull Markets

BlackBull supports a variety of funding methods, including bank wires, Neteller, and credit cards, providing flexibility for deposit and withdrawal options.

Feature BlackBull Markets logoBlackBull Markets
Visa/Mastercard (Credit/Debit) info Yes
Bank Wire (Deposit/Withdraw) info Yes
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Neteller (Deposit/Withdraw) info Yes

About BlackBull Markets

Founded in 2014 and based in New Zealand, BlackBull is known for its robust trading solutions and extensive market offerings, fostering a reliable and dynamic trading environment.

Popular Forex Guides

More Forex Guides

Popular Forex Reviews


At, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for and Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for and He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg
Jeff Anberg

Jeff Anberg is a Staff Editor at and Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.