All Share (J203) = 89 062
Rand / Dollar = 18.40
Rand / Pound = 23.22
Rand / Euro = 19.23
Gold (usd/oz) = 2 932.37
Platinum (usd/oz) = 978.02
Brent (usd/barrel) = 76.02
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

BlackBull Markets Account Types

Blackbull Markets Account Types Review
 

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

  1. ✅ Blackbull Markets at a glance
  2. ✅ BlackBull Markets Overview
  3. ✅ BlackBull Markets Account Types Pros and Cons
  4. BlackBull Markets Account Types
  5. BlackBull Markets Account Features
  6. Conclusion
  7. Frequently Asked Questions

 

BlackBull Markets at a glance

Broker's NameBlackBull Markets
📍 HeadquarteredAuckland, New Zealand
📅 Year Founded2014
⚖️ Regulating AuthoritiesFMA, FSA
📃 License numberFSP403326
🌐 Countries not accepted for tradeAfghanistan, 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 TypesECN Standard
ECN Prime
ECN Institutional
☪️ Islamic account (swap-free)Yes
👍 Demo AccountYes
💰 Sign up bonus None
📊 Institutional AccountsYes
📊 TradingView integrationYes
📊 Share trading of underlying assetYes
📊 Managed AccountsYes
📈 Maximum Leverage1:500
💰 Minimum Deposit50 USD/R800 ZAR
💳 Deposit OptionsBank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay
💳 Withdrawal OptionsBank Wire, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay
💻 Platform TypesMT4, MT5, WebTrader, FIX, API
📈 Tradable assets offered23 000 tradable assets
📱 OS CompatibilityWeb, Desktop, Android, iOS (Apple)
👨‍💼 Languages supported on WebsiteEnglish, German, French, Chinese
👥 Customer Support LanguagesEnglish
📆 Customer Service Hours24 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 Account Types

 

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

 

BlackBull Markets Account Types

 

🔍 Accounts: ECN
Standard
ECN
Prime
ECN
Institutional
💳 Minimum Deposit:US$50/R800 ZAR
US$2,000/R32 000 ZARUS$20,000/R320 000 ZAR
💰 Spreads:0.80.20.0
📊 Leverage up to:1:5001:5001:500
💰 Commission:No commissionUS$6.00 per lotNegotiable
📌Open an account👉 Click Here 👈👉 Click Here 👈👉 Click Here 👈

 

Blackbull Markets offers 5 types of active trading accounts:

 

  1. ECN Standard Account
  2. ECN Prime Account
  3. ECN Institutional Account
  4. Active Trader Account
  5. VIP Prime accounts

 

BlackBull Markets Account Features

 

ECN Standard Account

 

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

 

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

 

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

 

BlackBull Markets Account Types

 

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

 

BlackBulls Market 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

 

You might also like: Blackbull Markets Review

You might also like: Blackbull Markets Demo Account – Step by Step

You might also like: Blackbull Markets Fees and Spreads

You might also like: Blackbull Markets Islamic Account Overview

You might also like: Blackbull Markets Minimum Deposit

You might also like: Blackbull Markets Sign up Bonus

 

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.

 

BlackBull Markets Contact Us

 

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.

 

 

4.5/5 - (26 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

June 20, 2022

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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