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The WikiFX Score of this broker is reduced because of too many complaints!


New Zealand|5-10 years| Benchmark C|
Regulated in New Zealand|Market Making(MM)|MT4/5 full license|High potential risk|Offshore Regulatory|


Rating Index




Average transaction speed (ms)

639.4 Poor


Full License

BlackBullMarkets-Live 2




Influence index NO.1

Germany 5.11
The WikiFX Score of this broker is reduced because of too many complaints!







MT4/5 Identification

MT4/5 Identification

Full License

Server Name
BlackBullMarkets-Live 2 MT4
Server Location Cyprus




Influence index NO.1

Germany 5.11

Surpassed 14.60% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index


+64 95585142
Level 20 188 Quay Street Auckland 1010 New Zealand


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Contact number


+64 95585142


+64 9 558 5142

Broker Information


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WikiFX Risk Alerts 2
Previous Detection : 2023-12-04
  • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD045 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

BlackBull · Benchmark
Average transaction speed(ms)
639.4 Poor
The highest transaction speed(ms)
407 Poor
The highest speed of opening positions(ms)
437 Poor
The highest speed of closing position(ms)
407 Poor
The lowest speed of opening positions(ms)
The lowest speed of closing position(ms)
1406 Good
Ranking: 112 / 127
Test user 294
Orders 2,197
Ocuppied margin $427,205 USD
Data Source WikiFX Data provide
Updated: 2023-12-01 01:12:00

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    BlackBull · Company Summary

    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.

    General Information

    BlackBull Review Summary in 10 Points
    Founded 2014
    Registered Country/Region Auckland, New Zealand
    Regulation FMA
    Market Instruments forex, energy, indices, cryptocurrencies, equities and metals
    Demo Account Available
    Leverage 1:500
    EUR/USD Spread From 0.0 pips
    Trading Platforms TradingView, MT4, MT5, BlackBull Trader and BlackBull Shares
    Minimum deposit $0
    Customer Support 24/7 live chat, phone, email

    What is BlackBull?

    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 the Financial Markets Authority (FMA) of New Zealand and offers over 26,000 tradable instruments including forex, energy, indices, cryptocurrencies, equities, and metals. 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.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    BlackBull's home page

    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, there have been some negative reviews regarding difficulties in withdrawing funds and claims of the broker being a scam, which is a cause for concern.

    Pros Cons
    • Regulated by FMA • Negative reviews from clients regarding withdrawal issues
    • Wide range of tradable instruments • Limited range of payment options
    • Demo accounts available
    • Multiple trading platforms and tools
    • No minimum deposit requirement
    • Rich educational resources

    It's important to note that this is just a general overview of the pros and cons, and individual experiences may vary.

    BlackBull Alternative Brokers

      There are many alternative brokers to BlackBull depending on the specific needs and preferences of the trader. Some popular options include:

      • UFX - provides a user-friendly trading platform and a wide range of educational materials, but there are some concerns about its regulation and customer service.

      • Valutrades - offers competitive spreads and multiple account types, but its product offerings are limited and its customer service could be improved.

      • Trade - offers low spreads and no deposit or withdrawal fees, but its product offerings are limited and it is only regulated in one jurisdiction.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is BlackBull Safe or Scam?

    It's difficult to make a definitive determination on whether BlackBull is safe or a scam as there is no clear consensus on the matter. While the broker is regulated by the Financial Markets Authority and claims to hold client funds in safe, Tier 1 New Zealand-based banks with segregated accounts, 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.

    protection measures

    Market Instruments

    BlackBull offers a diverse range of 26,000+ financial instruments across various asset classes, including forex, energy, indices, cryptocurrencies, equities, and metals. Traders have access to a wide range of currency pairs, including majors, minors, and exotics, and can also trade popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. Additionally, the broker provides access to a variety of equity CFDs, including those from major markets like the US, Europe, and Asia. Traders can also trade popular indices like major US and the NASDAQ, as well as energy products like crude oil and natural gas. Lastly, BlackBull provides access to precious metals like gold and silver, which are often used as safe-haven assets during times of market volatility. Therefore, both beginners and experienced traders can find what they want to trade on BlackBull.

    Market Instruments


    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 Types


    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.

    Spreads & Commissions

    BlackBull spreads and commissions depend on the account type. We can see that the spread starts from 0.8 pips on the ECN Standard account, from 0.1 pips on the ECN Prime account, while only the ECN Institutional account can enjoy raw spreads from 0.0 pips.

    There is no commission for the ECN Standard account, a commission of 6 USD per lot for the ECN Prime account and 4 USD per lot for the ECN Institutional account.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    BlackBull 0.8 pips No commission (Standard)
    UFX 2.0 pips No commission
    Valutrades 0.5 pips $7 per lot round turn (ECN Pro) Trade 0.5 pips No commission (Standard)

    Note: Spreads can vary depending on market conditions and volatility.

    Trading Platforms

    As for the trading platform, BlackBull provides its clients with many options. There are public platforms including TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), BlackBull Trader, and BlackBull Shares.

    TradingView is a popular charting and social trading platform that allows traders to connect with other traders, access a wide range of charting tools, and share trading ideas. MT4 and MT5 are well-known platforms in the forex industry, offering advanced charting capabilities, customizable indicators, and algorithmic trading options. BlackBull Trader is a proprietary platform developed by BlackBull that offers advanced charting and trading tools, while BlackBull Shares is a social trading platform that allows clients to automatically copy the trades of experienced traders.

    Trading Platforms

    Overall, BlackBull's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

    Broker Trading Platforms
    BlackBull TradingView, MT4, MT5, BlackBull Trader, BlackBull Shares
    UFX ParagonEx, MT4, UFX Trader
    Valutrades MT4, MT5, FIX API Trading, ValuMax Trade MT4, MT5, Trader, Web Trader

    Trading Tools

    BlackBull offers Virtual Private Server (VPS) trading to its clients, which is a useful tool for traders who use automated trading strategies or expert advisors. The broker also provides access to other trading tools such as FIX API Trading, which allows traders to connect their own custom software to the BlackBull liquidity pool, as well as Autochartist, which provides market analysis and trading signals. ZuluTrade and MyFxbook are also available for those who want to follow and copy trades of other successful traders. Overall, BlackBull offers a range of trading tools to assist traders in their trading activities.

    Deposits & Withdrawals

    BlackBull offers its clients multiple options for depositing and withdrawing funds, including bank wire, POLi, and credit/debit card (Visa/MasterCard). The base currencies are USD and NZD.

    funding options

    No minimum deposit requirement. No fees for deposits and withdrawals. Most deposits are processed instantly, while withdrawals are typically processed within 24 hours.

    BlackBull minimum deposit vs other brokers

    BlackBull Most other
    Minimum Deposit $0 $100

    See the deposit & withdrawal fee comparison table below:

    Broker Deposit Fee Withdrawal Fee
    BlackBull None None
    UFX None $50-$100
    Valutrades None None Trade None None

    Note: The above information is subject to change and may vary based on the payment method used. It's always recommended to check with the broker for the most up-to-date and accurate fee information.

    To withdraw funds from your account, visit the “My Wallet” tab found on the left-hand side of the portal.

    Find the ‘WITHDRAW FUNDS’ tab along the top of this portal page. Within this tab, you will be presented with a 4-step process to request a withdrawal.

    Step 1: Select the method by which you want to make a withdrawal. Only methods that you are approved to use will show up as an option to select.

    Step 2: Select the wallet from which you want to make a withdrawal. Please note: Each withdrawal request is restricted to one wallet.

    Step 3: Specify the amount you want to withdraw.

    Step 4: Finally, confirm your request within the Secure Client Area, and the status of your request will change to pending.

    Customer Service

      Below are the details about the customer service.

      • Languages: English, Spanish, French, Chinese, German, Portuguese, Italian, Thai language, Korean, Arabic, Vietnamese, etc.

      • Service Hour: 24/7

      • Live chat

      • Email:

      • Phone: +64 9 558 5142

      • Address: BlackBull Markets, Level 20, 188 Quay Street, Auckland, 1010

      • Social media: Facebook, Instagram, LinkedIn, YouTube, Twitter, WhatsApp and Telegram

    Customer Service

    Overall, BlackBull's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

    Pros Cons
    • 24/7 live chat support • No option for call back requests
    • Multilingual support
    • Social media presence for easy communication
    • Quick response time to customer inquiries

    Note: The information is based on online research and may be subject to change.


    A series of educational resources is available at BlackBull, such as webinars, market analysis, and trading videos that cover various topics related to trading.

    Educational videos

    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.

    Forex Beginner
    Forex Intermediate
    Forex Advanced

    User Exposure on WikiFX

    On our website, you can see that some users have reported unable to withdraw and scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX


    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 Financial Markets Authority(FMA) in New Zealand.
    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 or social trading?
    A 4: Yes. BlackBull offers both of them.
    Q 5: Does BlackBull offer the industry-standard MT4 & MT5?
    A 5: Yes. It supports TradingView, MT4, MT5, BlackBull Trader and BlackBull Shares.
    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.


    Is BlackBull Safe or Scam?

    NewsIs BlackBull Safe or Scam?

    2023-09-22 18:10

    The first thing that troubles us when we enter the forex market is which broker we must choose and invest our precious, hard-earned money with. As we all know, choosing a reliable broker in this ocean of forex is challenging. Therefore, to help you find the best broker. In this article, we will review the Black Bull Forex broker.

    2023-09-22 18:10
    Is BlackBull Safe or Scam?
    BlackBull Markets Unveils BlackBull Trade Platform Powered by DXtrade

    NewsBlackBull Markets Unveils BlackBull Trade Platform Powered by DXtrade

    2023-05-04 14:12

    BlackBull Markets, a New Zealand-based FX and CFDs broker, has launched the BlackBull Trade trading platform, powered by Devexperts' DXtrade. The platform offers margin trading across various assets, and includes updated features and tools for user experience and risk management.

    2023-05-04 14:12
    BlackBull Markets Unveils BlackBull Trade Platform Powered by DXtrade
    A Winning Combination: BlackBull Markets and TradingView Take Charting and Trading to New Heights

    NewsA Winning Combination: BlackBull Markets and TradingView Take Charting and Trading to New Heights

    2023-04-27 18:59

    New Zealand's BlackBull Markets has expanded its partnership with TradingView, granting clients who trade at least one lot per month complimentary access to TradingView Pro. This collaboration integrates BlackBull Markets into TradingView's trading panel, offering users advanced charting tools, real-time data, and the ability to trade directly through charts

    2023-04-27 18:59
    A Winning Combination: BlackBull Markets and TradingView Take Charting and Trading to New Heights
    BlackBull Markets is Moving to

    NewsBlackBull Markets is Moving to

    2023-04-27 17:35

    A New Zealand based broker, BlackBull Markets is a true ECN, No Dealing Desk brokerage specialising in Forex, CFDs, Commodities, and Fintech solutions for traders globally.

    2023-04-27 17:35
    BlackBull Markets is Moving to

    User Reviews

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    more than one year
    Hi, trading community, it's Cautious Colin here. Engaging with BlackBull since 2015 has been a learning experience. The fact that they are regulated by FMA lends them a certain degree of credibility. They offer a vast assortment of trading instruments and present a choice of platforms like MT4, MT5 and the new ones - BlackBull Trader and BlackBull Shares. The leverage of 1:500 did get my adrenaline pumping but remember, high rewards come with high risks. The 0.0 pips spreads on EUR/USD trades are quite competitive indeed. Their customer support has been prompt and available 24/7, which shows their concern for traders. However, make sure to weigh the pros and cons before jumping in. Happy trading!
    2023-12-01 10:36
    more than one year
    I've been riding the wave with BlackBull since 2015 and trust me, it's been quite a ride! Being registered in New Zealand and regulated by FMA, I quickly felt safe and secured while dealing with them. Their asset range, from forex to metals and even cryptocurrencies, packs quite a punch and their spreads ain't too shabby either, going as low as 0.0 pips on EUR/USD. They recently added BlackBull Trader and BlackBull Shares platforms and they're truly top-notch. The leverage offered up to 1:500 meanwhile, just adds icing to the cake! Customer support has always been helpful and responsive, even on weekends. All in all, with them, I've been able to navigate the trading waters smoothly!
    2023-11-30 16:06
    Fraudulent cancellation of all my transactions! I have been a customer for more than 3 years at BlackBull Markets... They promote the algorithms and even dedicate support for that... When you lose, they don't give you any problems... But if you start winning, you can have big surprises: they waited patiently for 2 weeks to cancel all my transactions since opening the account, while I made a cumulative profit of €656!!! Real crooks! Fraudulent cancellation of all my transactions! I have been a client for more than 3 years at BlackBull Markets… They promote the algorithms and even dedicate support for it… When you lose, you don't have any problem… But if you start winning, you can have big surprises: they patiently waited 2 weeks to cancel all my transactions since the account opening, while I made a cumulative profit of 656 €!!! Real scammers!!!
    2023-09-12 02:08
    more than one year
    He is a black platform
    2023-03-09 18:41
    more than one year
    BlackBull is a top-of-the-line excellent company. It has changed my life. I have been a member since October 2021. They always delivered and paid on time. They communicate very well and they are transparent also.
    2023-02-14 17:10
    more than one year
    I have used the New York City platform many years ago. The customer service is patient and professional, the products are rich, there is no minimum deposit requirement, and everything meets my needs. Although this platform is not as long as Exness and Fortex, the service is really impeccable!
    2022-12-15 09:59
    何 璞
    more than one year
    BlackBull should change their name into BlackList! Their hearts are so black! Taking the money I worked so hard to earn, and not letting me withdraw it. Please be sure to polish your eyes, do not be cheated like me!
    2022-11-22 13:44
    more than one year
    Poor me! I made a deposit on this BlackBull platform, when I made a profit of $500 on this platform, they denied it and suspended my account when I decided to withdraw. What should I do, is there anyone who met this kind of situation? Please tell me, I wanna my money back!
    2022-11-22 10:15
    อั้ม บุญคง
    more than one year
    Lie about 100% bonus can be dragged
    2022-10-24 22:21
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