Score
New Zealand | 10-15 years |--
Website
Rating Index
MT4/5
Full License
BlackBullMarkets-Live
Influence
A
Influence Index NO.1
New Zealand 6.71 
MT4/5 Verification
Full License
CyprusInfluence
A
Influence Index NO.1
New Zealand 6.71 
Forex Licenses 3
Single Core
1G
40G
1M*ADSL
New Zealand 
Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.
WikiFX Research
Malaysia
blackbull.com blackbullglobal.com blackbullmarkets.com 
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Simon John BOTHERWAY
Director
Appointment Date
Status
Current Employee
BLACK BULL GROUP LIMITED(New Zealand)
NEBOJSA TODORIC
Serbia
Director
Appointment Date
Status
Current Employee
BLACKBULL MEDIA GROUP LTD(United Kingdom)
Selwyn Jap LOEKMAN
Director
Appointment Date
Status
Current Employee
BLACK BULL TRADE LIMITED(New Zealand)
BlackBull Markets is a New Zealand-based multi-asset broker. Our mission is to bring institutional trading conditions to all investors.
We offer:
- Spreads from 0.0
- $0 Minimum Deposit
- Leverage up to 1:500
- 24/7 Client support
- 26,000+ tradeable instruments
- Execution speeds less than 100ms
- MetaTrader 4, MetaTrader 5, TradingView, and cTrader
| 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 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.
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 |
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.
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 | ❌ |
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 |
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.
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 |
BlackBull accepts payments via Visa, MasterCard, Apple Pay, Google Pay, Bank Transfer, AIRTM, and Neteller.
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.
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.
| 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. |
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.
Before trusting any broker, you need to check if it is properly regulated. The safety of your capital and fair trading conditions depend completely on how well the broker is supervised. For a thorough check on brokers like BlackBull Markets, websites like WikiFX can give you collected information, license tracking and user reviews, providing an important independent check. This article aims to answer a key question: Is BlackBull Markets a safe and regulated broker? The simple answer is yes, but the regulation setup uses two different licenses that every trader needs to understand. We will break down the BlackBull Markets regulation system, explain each BlackBull Markets license, and make clear what this setup means for you as a trader. Our review is based on facts you can check and aims to give you an unbiased, expert view.
When traders ask, "Is BlackBull Markets safe or a scam?", they want a simple answer to a hard question. The facts show two different sides. The broker began operating in 2014 and has a strong license from New Zealand's Financial Markets Authority (FMA). It also has an "Excellent" rating on review sites such as Trustpilot. But when searching for "BlackBull Markets complaints," you find many negative user stories, including withdrawal issues and poor trading conditions. This article goes beyond simple "safe" or "scam" labels. We want to carefully look at both the good reviews and common problems, comparing them with how the broker actually works and its licenses. This fact-based approach will give you the full picture of its user reputation, helping you make your own smart decision.
Is BlackBull Markets legit? Are the "BlackBull Markets scam" rumors you see online actually true? These are the important questions every smart trader should ask before exposing capital to markets. The quick answer isn't just yes or no. Instead, we need to look at the facts carefully. Our goal in this review is to go beyond fancy marketing promises and do a complete legitimacy check. We will examine the broker's rules and regulations, look at its business history, break down common user complaints, and check out its trading technology. This step-by-step analysis will give you the facts you need to make your own smart decision about whether BlackBull Markets is a good and safe trading partner for you.
This article gives you a detailed, fair look at BlackBull Markets for 2026. It's written for traders who have some experience and are looking for their next broker. Our goal is to break down what this broker offers and give you facts without taking sides. We'll look at the important things that serious traders care about: how well they're regulated, what trading actually costs, what types of accounts you can get, and how good their technology is. We're not here to tell you to use this broker - we want to give you the facts so that you can decide if it fits your trading style and how much risk you're comfortable with. Making a smart choice means checking things yourself. Before you pick any broker, you need to do your own research. We suggest using websites, such as WikiFX, to check if a broker is properly regulated and see what other users say about it.
BlackBull Markets launches zero-spread trading on major FX pairs for Prime accounts, delivering up to 71% spread cost reduction through the LMAX partnership.
When selecting a broker, understanding its regulatory standing is an important part of assessing overall reliability. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about BlackBull and its licenses.
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Muhammad Zohaib Zaibi
United Arab Emirates
I am reporting serious execution issues with BlackBull Markets On 29 Jan 2026, my Buy Stop order (#57433892) was executed at 5542.28 (10:13:14). However, MT5 tick data shows the maximum Ask price was only 5541.99 (10:13:00–10:13:59). This indicates execution at a price not present in market data. The broker justified this using VWAP, but: Other trades (#57433890, #57433888) show multiple partial fills This trade was executed as a single fill with no breakdown There is also a contradiction: execution at Ask 5542.28 but TP (5541.93) not triggered. Additionally, my account was set to “close-only” on 6 March, yet orders executed on 9 March. Issues also observed on small lots (0.01–0.2). I encourage traders to verify execution data and monitor pricing consistency when trading.
Exposure
Pandian.P
India
My deposit amount credited to my personal page has been stolen without my permission. When I asked them about this, they disconnected my connection saying that they have doubts about your payment. My question is, how do they take the money credited to my personal page, then what is the login password for?
Exposure
FX3906339943
Hong Kong China
You can deposit but can’t withdraw in BlackBull. Be careful. I was asked to pay 30% of my account balance to release risk control
Exposure
Benner
Nigeria
BlackBull offers competitive maximum leverage and a wide range of market instruments, making it a great choice for traders looking to maximize their potential returns.
Positive
FX1478289355
New Zealand
Interacting with BlackBull's professional and patient team has been smooth. However, wait times for withdrawals and a less-than-modern app interface have been setbacks. They purport that withdrawal times depend on the chosen method, but I've had instant success with other brokers. I have stayed for the high leverage, but I would encourage BlackBull to improve these aspects for a better overall experience.
Neutral
deardarling
United Kingdom
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!
Positive
Jason30611
Hong Kong China
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!
Positive
Willy130
France
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 !!!
Exposure
I77788891
Hong Kong China
He is a black platform
Positive
誓约
Colombia
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.
Positive
五福
Hong Kong China
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!
Positive
小米82941
Hong Kong China
It is easy to deposit, but not to withdraw. They will block your account once you complain. You cannot withdraw. I already filed the case. I hope the people who cannot withdraw will file the case now.
Exposure
FX2003459363
Thailand
Bonus scams can't stand drag even if the page states it can stand 100% drag
Exposure
嗨![爱心]YOU
Hong Kong China
Fraud platform. I made some profit from investment, but cannot withdraw. THe customer service's attitude is poor and is not professional. It is a fraud platform.
Exposure
FX2003459363
Thailand
Let's tell you that the bonus can be dragged for some weeks. Capital is 72 $. When the money is lost, the pot is broken and the bonus is lost. Baew, you can say goodbye for some weeks. Who do you tell? Tell me which way?
Exposure
อั้ม บุญคง
Thailand
If the player fails before the principal is finished, the 100% bonus credit will be lost along with the deposited principal.
Exposure
表姐冷饮油炸铺
Hong Kong China
Please check on it
Exposure
FX4899755805
Hong Kong China
The platform changed the holding cost and spread at random. They are hundreds of times higher than other platform!
Exposure
FX2918253937
Hong Kong China
Can't witdhraw. Asked to pay 30% margin. If I don't pay, my account balance will be given to the charity.
Exposure
开啥子玩笑
Hong Kong China
Fraud platform. Can’t withdraw. Polish your eyes, free from being cheated
Exposure
FX2918253937
Hong Kong China
Unable to withdraw. Require to pay 30% as the margin to unfreeze the account.
Exposure
小妮子79830
Hong Kong China
Cheat you into depositing and paying margin. But you can’t withdraw. Don’t be cheated.
Exposure
FX2932259859
Hong Kong China
Fraud platform with withdrawal failure. Don’t be cheated by it. I hope the efforts to fight scam can be stepped up.
Exposure