
BlackBull Markets provides five different account types e.g. ECN Standard Account, Prime Account, Active Trader Account, VIP Prime accounts, and ECN Institutional Account. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits.
BlackBull Markets Account Types Revealed – 7 Key Point Overview
- ✅ Blackbull Markets at a glance
- ✅ BlackBull Markets Overview
- ✅ BlackBull Markets Account Types Pros and Cons
- BlackBull Markets Account Types
- BlackBull Markets Account Features
- Conclusion
- Frequently Asked Questions
BlackBull Markets at a glance
Broker's Name | BlackBull Markets |
📍 Headquartered | Auckland, New Zealand |
📅 Year Founded | 2014 |
⚖️ Regulating Authorities | FMA, FSA |
📃 License number | FSP403326 |
🌐 Countries not accepted for trade | Afghanistan, Belarus, Burundi, Canada, Central African Republic, Cuba, Democratic Republic of the Congo, Gaza Strip, Guinea Bissau, Haiti, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Pakistan, Panama, The Philippines, Russia, Somalia, South Sudan, Spain, Sudan, Syria, Ukraine, United States, Venezuela, West Bank, Yemen, and Zimbabwe |
📒 Account Types | ECN Standard ECN Prime ECN Institutional |
☪️ Islamic account (swap-free) | Yes |
👍 Demo Account | Yes |
💰 Sign up bonus | None |
📊 Institutional Accounts | Yes |
📊 TradingView integration | Yes |
📊 Share trading of underlying asset | Yes |
📊 Managed Accounts | Yes |
📈 Maximum Leverage | 1:500 |
💰 Minimum Deposit | 50 USD/R800 ZAR |
💳 Deposit Options | Bank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay |
💳 Withdrawal Options | Bank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay |
💻 Platform Types | MT4, MT5, WebTrader, FIX, API |
📈 Tradable assets offered | 23 000 tradable assets |
📱 OS Compatibility | Web, Desktop, Android, iOS (Apple) |
👨💼 Languages supported on Website | English, German, French, Chinese |
👥 Customer Support Languages | English |
📆 Customer Service Hours | 24 hours per day, six days a week |
📌Open an account | 👉 Click Here 👈 |
BlackBull Markets was founded in 2014 in Auckland and is a true electronic communication network (ECN), no dealing desk brokerage that specializes in Forex, CFDs, and Commodities.
Min Deposit USD 0 Regulators FMA, FSA Trading Platform MT4, MT5, WebTrader, FIX, API Crypto Yes Total Pairs 64+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Blackbull Markets Account Types vary according to what traders require. BlackBull Markets was founded in 2014 in Auckland and is a true electronic communication network (ECN), no dealing desk brokerage that specializes in Forex, CFDs, and Commodities.
BlackBull Markets Overview
Blackbull Markets is a forex broker operating from New Zealand. BlackBull Markets was founded in 2014 in Auckland and is a true electronic communication network (ECN), no dealing desk brokerage that specializes in Forex, CFDs, and Commodities. BlackBull Markets offers professional services like personal account managers, daily market condition updates, and analysis as part of an overall superior product to clients.
BlackBull Markets does not accept clients from OFAC sanctioned countries, the United States of America, Spain, or any country or location deemed too risky by its compliance team. BlackBull Markets also only accepts New Zealand clients that fall under the ‘Wholesale Investor’ or ‘Eligible Investor’ definition as per New Zealand Financial Services Providers Act FSPA 2008.
BlackBull Markets was a winner in the Deloitte Fast 50 and awarded the Fastest growing exporter for Auckland, New Zealand, in 2018 and 2019.
BlackBull Markets Account Types Pros and Cons
✔️ Pros | ❌ Cons |
✔️ Good reputation | ❌ Not regulated by major reputable authorities |
✔️ ECN-style account options | ❌ Not remarkably diverse asset range |
✔️ Islamic account options available | |
BlackBull Markets Account Types
🔍 Accounts: | ECN Standard | ECN Prime | ECN Institutional |
💳 Minimum Deposit: | US$50/R800 ZAR | US$2,000/R32 000 ZAR | US$20,000/R320 000 ZAR |
💰 Spreads: | 0.8 | 0.2 | 0.0 |
📊 Leverage up to: | 1:500 | 1:500 | 1:500 |
💰 Commission: | No commission | US$6.00 per lot | Negotiable |
📌Open an account | 👉 Click Here 👈 | 👉 Click Here 👈 | 👉 Click Here 👈 |
Blackbull Markets offers 5 types of active trading accounts:
- ECN Standard Account
- ECN Prime Account
- ECN Institutional Account
- Active Trader Account
- VIP Prime accounts
BlackBull Markets Account Features
ECN Standard Account
This account gives access to all tradeable instruments at a deposit of just $50, which is equivalent to R800 ZAR at the time of writing. It is commission-free and ideal for traders looking for a Forex experience with excellent value. You can trade with the Standard Account on any of their platforms.
Account Features
💳 Minimum Initial Deposit of $50/R800 ZAR |
💰 No Commission |
📊 Leverage 1:500 |
📉 Micro lots size: 0.1 |
💳 Spreads from: 0.8 |
📉 Access to all Tradeable Instruments: MT4, MT5. |
ECN Prime Account
This account is suitable for traders looking for a more competitive edge, with a commission of just $3 lot per 100 000 traded and spreads starting at 0.2 pips. The Prime Account requires a minimum deposit of 2000 USD, which is equivalent to R32 000 ZAR at the time of writing.
Account Features
💳 Minimum Deposit of 2000 USD/R32 000 ZAR |
💰 Commission: $6 USD per lot |
📊 Leverage 1:500 |
📉 Micro lots size: 0.1 |
💳 Spreads: 0.2 |
📉 Access to all Tradeable Instruments: MT4, MT5 |
ECN Institutional Account
This account is provided to larger traders with a minimum initial deposit of 20 000 USD, which is equivalent to R320 000 ZAR at the time of writing between the South African Rand and US Dollar exchange rate, and offers complimentary VPS Access, customizable commission structures, and White Label branding when preferred.
Successful and high-volume traders are entitled to several BlackBull Markets rebates and incentives to traders.
Account Features
💳 Minimum Deposit of 20,000 USD/R320 000 ZAR |
📊 Complimentary VPS Access |
📊 Leverage 1:500 |
💰 Customisable commission structures |
☎ 24/5 Dedicated technical support |
💳 Spreads: 0.0 |
📉 Customised MAM/PAMM Platform available |
Active Trader Account
This account’s benefits include a dedicated account manager that is always available, segregated customer accounts, advanced reporting, VPS hosting services, and custom solutions.
VIP Prime Account
Institutions can choose VIP Prime accounts with a personal account manager and MAM and PAMM accounts are also available for those looking at social or copy trading.
BlackBull Markets partnered with ZuluTrade and MyFXBook to make this available. ZuluTrade is an online social and copy trading platform which allows traders to copy the trades of more experienced traders in the forex and financial markets to achieve a level of automated trading.
Account Features
☎ ZuluGuard – Advanced account protection feature that monitors the performance of Traders 24/7. |
📊 Simulation – Allows users to test their selected trader’s performance. |
📈 Customisation settings – Retain full control over your account. |
💻 Automator – Create and execute your own automated rules using “if this, then that” logic. |
📲 Availability – Website and all major mobile platforms (iPhone, iPad, Android, Blackberry, and Kindle Fire) allowing you to be in control of your account anywhere, anytime. |
This social element also enables traders to leave feedback and share ideas with others. The minimum deposit required to open the account is only $ 200/R3 200 ZAR.
Demo Account
Blackbull Markets offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:
Account Features
📒 A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
📒 Traders who want to evaluate and compare brokers would like to explore Blackbull Markets’ trading conditions in a risk-free environment.
📒 Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.
Islamic Account
The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.
Account Features
- Available in both Standard and Prime
- Swap Free
- 1:500 Leverage
- Micro Lots Available
- Access to all Tradeable Instruments
Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.
Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.
Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
Min Deposit USD 0 Regulators FMA, FSA Trading Platform MT4, MT5, WebTrader, FIX, API Crypto Yes Total Pairs 64+ Islamic Account Yes Trading Fees Low Account Activation 24 Hours
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Conclusion
BlackBull Markets fees are reasonably standard while trading conditions are very good. The range of assets offered is not highly diverse, making BlackBull Markets more suitable for traders happy to focus on Forex, the major metals, energies, and major stock indices only.
BlackBull Markets’ reputation is good, with an eight-year track record and good standing in New Zealand. Its reputation for technology and trade execution is excellent.
Frequently Asked Questions
How many instruments can I trade with Blackbull Markets?
You can trade several different instruments with Blackbull Markets, which include the following:
- 64+ currency pairs
- Indices from major markets
- Precious metals such as gold and silver
- Commodities including energy, gas, and oil
Which platforms are supported by Blackbull Markets?
Blackbull Markets provides the following popular trading platforms:
- MT4
- MT5
- WebTrader
- FIX
- API
Does Blackbull Markets offer leverage?
Yes, Blackbull Markets offers maximum leverage of up to 1: 500.
What spreads can I expect with Blackbull Markets?
Blackbull Markets offers variable spreads on its various accounts. The Institutional Account has spread as low as zero and spreads on the Prime Account start at 0.2 pips.
Does Blackbull Markets offer a demo account?
Yes.
Which live trading accounts does Blackbull Markets offer?
- ECN Standard Account
- ECN Prime Account
- ECN Institutional Account
- Active Trader Account
- VIP Prime accounts
- Islamic Account
Does Blackbull Markets offer an Islamic Account?
Yes.
What are the available deposit currencies for a live trading account?
USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, and ZAR.
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