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BlackBull , MUFG Broker Comparison
Do you want to know which is the better broker between BlackBull and MUFG ?
In the table below, you can compare the features of BlackBull , MUFG side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do blackbull-markets and kabu have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
blackbull-markets
| Quick BlackBull Review Summary | |
| Founded | 2014 |
| Registered Country/Region | Auckland, New Zealand |
| Regulation | FMA, FSA (Offshore) |
| Market Instruments | 26,000, forex, commodities, equities, indices, metals, futures, cryptos |
| Demo Account | ✅ |
| Account Type | ECN Standard, ECN Prime, ECN institutional |
| Min Deposit | $0 |
| Leverage | Up to 1:500 |
| Spread | From 0.8 pips (ECN Standard account) |
| Trading Platforms | TradingView, MT4/5, cTrader, BlackBull CopyTrader, BlackBull Invest |
| Copy Trading | ✅ |
| Payment Methods | Visa, MasterCard, Apple Pay, Google Pay, Bank Transfer, AIRTM, Neteller |
| Customer Support | 24/7 live chat, contact form |
| Tel: +64 9 558 5142 | |
| Email: support@blackbull.com | |
| Regional Restrictions | The European Union, the United Kingdom and any non-resident of New Zealand |
BlackBull Information
BlackBull is an STP (Straight Through Processing) forex broker that provides online trading services to retail and institutional clients. The company was founded in 2014 and is headquartered in Auckland, New Zealand. BlackBull is regulated by FMA in New Zealandand offshore regulated by FSA in Seychelles. It offers 26,000 tradable instruments including forex, commodities, equities, indices, metals, futures, and cryptos. The broker provides clients with multiple trading platforms such as MetaTrader 4/5 and various trading tools. The company also provides educational resources to assist traders in their trading journey.

Pros & Cons
BlackBull appears to be a reliable and well-regulated broker that offers a wide range of trading instruments, platforms, and educational resources. The broker's emphasis on security and transparency, such as offering segregated accounts and holding funds in Tier 1 New Zealand banks, is also a positive aspect.
However, clients from the European Union, the United Kingdom and any non-resident of New Zealand are not accepted.
| Pros | Cons |
| • Regulated by FMA and FSA (Offshore) | • Regional restrictions |
| • Wide range of tradable instruments | |
| • Demo accounts available | |
| • Multiple trading platforms and tools | |
| • No minimum deposit requirement | |
| • Rich educational resources |
Is BlackBull Legit?
Yes. BlackBull is regulated by Financial Markets Authority (FMA) in Australia and offshore regulated by the Seychelles Financial Services Authority (FSA) in New Zealand.
| Regulated Country | Regulated by | Current Status | Regulated Entity | License Type | License Number |
![]() | FMA | Regulated | BLACK BULL GROUP LIMITED | Market Making (MM) | 403326 |
![]() | FSA | Offshore Regulated | BBG Limited | Retail Forex License | SD045 |


It also claims to hold client funds in safe, Tier 1 New Zealand-based banks with segregated accounts.
However, the negative reviews from some clients who report issues with withdrawing their funds raise concerns. It's important for individuals to conduct their own research, carefully evaluate the broker's features and services, and exercise caution when investing their money.

Market Instruments
BlackBull offers a diverse range of 26,000 financial instruments across various asset classes, including forex, commodities, equities, indices, metals, futures, and cryptos.
| Trading Assets | Available |
| Forex | ✔ |
| Commodities | ✔ |
| Equities | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Futures | ✔ |
| Cryptos | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |

Account Type/Fees
Demo Account: BlackBull provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: BlackBull offers a total of 3 account types: ECN Standard, ECN Prime and ECN Institutional. The minimum deposit to open an account is $0, $2,000 and $20,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, the ECN Standard account will be the most suitable option for you.
| Account Type | ECN Standard | ECN Prime | ECN Institutional |
| Min Deposit | $0 | $2,000 | $20,000 |
| Spread | 0.8 pips | 0.1 pips | 0.0 pips |
| Commission | ❌ | $6 round turn | $4 round turn |

Leverage
BlackBull offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Trading Platforms
As for the trading platform, BlackBull provides its clients with many options. There are public platforms including TradingView, MT4/5, cTrader, BlackBull CopyTrader, and BlackBull Invest.
| Trading Platform | Supported | Suitable for |
| TradingView | ✔ | Beginners |
| MT4 | ✔ | Beginners |
| MT5 | ✔ | Experienced traders |
| cTrader | ✔ | Experienced traders |
| BlackBull CopyTrader | ✔ | Beginners |
| BlackBull Invest | ✔ | Experienced traders |

Deposits & Withdrawals
BlackBull accepts payments via Visa, MasterCard, Apple Pay, Google Pay, Bank Transfer, AIRTM, and Neteller.

Education
A series of educational resources is available at BlackBull, such as trading courses, webinars, tutorials for forex, shares, and commodities.
The educational materials are categorized based on the clients level of experience, with Forex Beginner, Forex Intermediate, and Forex Advanced categories. The educational articles cover a wide range of topics, from the basics of trading to advanced strategies and technical analysis. These resources are designed to help traders develop a better understanding of the markets and improve their trading skills, which can ultimately lead to more successful trades.

Conclusion
Based on the information provided, BlackBull appears to be a well-regulated broker that offers a wide range of tradable instruments across multiple asset classes, as well as a variety of trading platforms and tools. The broker's educational resources and customer service are also noteworthy.
However, there are some negative reviews from clients regarding difficulty with withdrawals and accusations of being a scam platform, so traders should proceed with caution and do their own research before investing with BlackBull.
Frequently Asked Questions (FAQs)
| Q 1: | Is BlackBull regulated? |
| A 1: | Yes. It is regulated by FMA in New Zealand and offshore regulated by FSA in Seychelles. |
| Q 2: | Does BlackBull offer demo accounts? |
| A 2: | Yes. |
| Q 3: | How much leverage does this broker offer? |
| A 3: | The maximum leverage of BlackBull is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information. |
| Q 4: | Does this broker offer copy trading? |
| A 4: | Yes. |
| Q 5: | Does BlackBull offer the industry-standard MT4 & MT5? |
| A 5: | Yes. It supports TradingView, MT4/5, cTrader, BlackBull CopyTrader, and BlackBull Invest. |
| Q 6: | What is the minimum deposit for BlackBull? |
| A 6: | There is no minimum initial deposit requirement. |
| Q 7: | Is BlackBull a good broker for beginners? |
| A 7: | Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
kabu
| au Kabucom SecuritiesReview Summary | |
| Founded | 1997 |
| Registered Country/Region | Japan |
| Regulation | FSA |
| Products & Services | Stocks, Margin, Transaction (System/General), Initial Public Offering (IPO)/Public offering sale (PO), ETF/ETN/REIT, Free ETF (Commission-Free Exchange Traded Fund), Petit Shares (Shares LessThan One Unit), Tender Offer (TOB), Investment Trust, FX (Forex Margin Trading), Futures/Options Trading, Bonds (Foreign Bonds), Foreign Currency Denominated MMF, CFD (share 365) |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Au Kabucom FX app |
| Min Deposit | / |
| Customer Support | Live chat |
| Tel: 0120 390 390, 05003-6688-8888 | |
| Email: cs@kabu.com | |
| Social Media: Twitter, Facebook. Instagram, Line, YouTube | |
au Kabucom Securities is an online brokerage company and is the core company of Mitsubishi UFJ Financial Group (MUFG Group) 's online financial services. The business is involved in securities trading, brokerage, offering, and selling. Along with other financial services, it offers bank agency and foreign exchange margin trading.

Pros and Cons
| Pros | Cons |
| Regulated by FSA | Limited info on trading conditions |
| Established company with a reputable parent company | |
| Various trading products and services | |
| Live chat support |
Is au Kabucom Securities Legit?
Yes, Au Kabucom is currently regulated by the Financial Services Agency (FSA), holding a retail forex license (No.61).
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
![]() | Financial Services Agency (FSA) | Regulated | auカブコム証券株式会社 | Retail Forex License | 関東財務局長(金商)第61号 |

Products and Services
| Products & Services | Available |
| Stocks | ✔ |
| Margin Transaction (System/General) | ✔ |
| Initial Public Offering (IPO)/Public Offering Sale (PO) | ✔ |
| ETF/ETN/REIT | ✔ |
| Free ETF (Commission-Free Exchange Traded Fund) | ✔ |
| Petit Shares (Shares Less Than One Unit) | ✔ |
| Tender Offer (TOB) | ✔ |
| Investment Trust | ✔ |
| FX (Forex Margin Trading) | ✔ |
| Futures/Options Trading | ✔ |
| Bonds (Foreign Bonds) | ✔ |
| Foreign Currency Denominated MMF | ✔ |
| CFD (Share 365) | ✔ |
Fees
au Kabucom Securities offers commission-free forex trading, where the trading cost is incorporated into the spreads.

Au Kabucom charges for transactions involving other products, nevertheless. Here is the stock trading commission, for instance.
Stock trading commission (excluding Petit (Kabu®) and Premium Accumulation (Petit (Kabu® )))
| Contract Price (JPY) | Physical Fee (tax included) | Large-Volume Preferential Plan |
| 0 yen to 50,000 yen or less | 55 yen | ❌ |
| Over 50,000 yen to under 100,000 yen | 99 yen | |
| Over 100,000 yen to under 200,000 yen | 115 yen | |
| Over 200,000 yen to under 500,000 yen | 275 yen | |
| Over 500,000 yen to under 1,000,000 yen | 535 yen | |
| Over 1 million yen | Contract amount × 0.099% (tax included) + 99 yen [Maximum: 4,059 yen] |
Note:
- The above fees will be applied regardless of the execution conditions (market order, limit order, automated trading, etc.).
- If a calculation (fee calculation or consumption tax calculation) results in a fractional part, it will be rounded down.
- For transactions over the phone, an operator fee of 2,200 yen (tax included) will be added separately.
- The fees for buying and selling stock acquisition rights are the same as the fees for buying and selling physical shares mentioned above.
- There are no fees for transactions within a NISA (tax-free small-scale investment) account.
- If the upper limit of the price range (stop high) changes due to a period-specified order and the available amount falls short, the order will be forcibly canceled.
Trading Platform
Au Kabucom Securities offers an au Kabucom app which is available both on the PC and mobile platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Au Kabucom FX app | ✔ | Desktop, Mobile | / |
| MT5 | ❌ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |

Do blackbull-markets and kabu have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive blackbull-markets and kabu are, we first considered common fees for standard accounts. On blackbull-markets, the average spread for the EUR/USD currency pair is EURUSD average is 0.2; Gold average is 0.2 pips, while on kabu the spread is --.
Which broker between blackbull-markets, kabu is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
blackbull-markets is regulated by FMA,FMA,FSA. kabu is regulated by FSA.
Which broker between blackbull-markets, kabu provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
blackbull-markets provides the ECN STANDARD,ECN PRIME,ECN INSTITUTIONAL platform with products like --; kabu offers the -- platform featuring assets including --.






