Overview/ Background
New Zealand FinTech has grown markedly in recent years, thanks to cutting-edge technology, and innovative approaches to forex, CFD, and commodities trading. BlackBull Markets is leading the way as a trusted forex brokerage and online financial technology company. Established in 2014, this financial services company set about with the ambitious objective of becoming a world-class leader in FinTech on Forex trading. The company currently sports 64+ FX pairs, including major, minor, and exotic currency pairs.
Registered traders also have access to CFD trading, commodities trading, and a host of tools, resources, and analytical features to supplement trading activity. BlackBull Markets is expanding to offer increased coverage to traders across the board. A powerful set of trading solutions is available, in the form of fibre-optic communications – ideally suited to institutional traders, and casual traders alike. CFDs (Contracts for Difference) are derivatives trading instruments where traders go long or short on underlying financial instruments, without actually taking ownership of them.
This ECN brokerage features straight through processing with non-dealing desk functionality. Among others, clients are assured of segregated accounts in the event of bankruptcy, insolvency, or judgements against the company. With deep pool liquidity, thanks to Tier 1 banks, any lot size can be ordered. The Equinix servers are based in Tokyo, London, and New York – the focal points of Forex trading around the world.
The company is owned and operated by Black Bull Group Ltd of New Zealand (NZBN 9429041417799), under the auspices of the FMA (Financial Markets Authority). BlackBull Markets is also owned by Black Bull Group UK in the United Kingdom with Company Number 9556804.
Account Types
There are a variety of accounts available to traders at BlackBull Markets. These include the following options:
ECN Standard Account
This account type is ideally suited to casual traders. It has a minimum deposit amount of $200, and spreads as low as 0.8. The minimum lot size is 0.01, and leverage of 1:500 is available. The added benefit of this account is that there is no commission on trading activity. Known as the standard account, it is accessible to traders on PC, Mac, and mobile, and via WebTrader too.
ECN Prime Account
This account type ranks as the most popular selection for traders at BlackBull Markets. Among its many benefits are significantly reduced spreads at 0.1, a minimum lot size of 0.01, leverage of 1:500, commission of $6 per lot, and a minimum deposit amount of $2000. The costs are higher for this account type, owing to the reduced spreads which are significantly lower than the ECN Standard Account. The prime account is best suited to institutional traders. The commission is $3 for every $100,000 traded, and spreads on this account are 0.2 pips.
ECN Institutional Account
This account is for high-level traders and requires a minimum deposit of $20,000. The spread starts from as little as 0.0 pips, with a minimum lot size of 0.01, leverage of 1:500, negotiable commissions, and customised options on the Equinix Server. This system offers complimentary VPS access, optional white label branding, customised MAM/PAMM platform availability, and 24/6 dedicated technical support.
Trading Platform/ Software
BlackBull Markets features a variety of trading platforms for casual traders and institutional traders alike. These allow for real-time trading of time-sensitive financial instruments like currency pairs, commodities, and CFDs across the board. The trading platform/software includes the world-renowned MetaTrader 4 for Mac, iPhone, Android, and iPad/tablet. MetaTrader 5 is also available, with enhanced functionality for CFD trading. Clients can also utilize WebTrader to trade directly off their browser, in real time.
The trading platform also supports virtual private servers (VPS) notably VPS trading, NYC servers, and BeeksFX too. Fortunately, trading is available via a demo account and a live account. The trading platform offers a range of tools, features and resources to help traders navigate through a wide range of options. These tools include a Live Account, Demo Account, Charts, Graphs, Videos, Guides, Glossary, Real-Time Pricing, Market Reviews, Economic Calendars, Contract Specifications, and more. For example, MT4 is fully functional on Windows, iOS, Linux, Apple and Android devices, on PC, Mac, and Mobile. Options include trading signals, web trading, and automated trading. With the MT5 trading platform, additional functionality is assured by way of built-in trading robots, virtual hosting services, freelance database of strategy developers, MQL5.community, and Copy Trading.
Deposit Options
All registered clients have access to a range of deposit options, including: bank transfer, Skrill for non-European Union clients, UnionPay, Visa credit card, MasterCard credit card, and NETELLER. The deposit process requires clients to access the client login portal, enter a verified email address/password, and navigate to the appropriate accounts. Simply click on ‘Make a Deposit’, or pick ‘Funding’ and ‘Deposit Funds’. The deposit options are guaranteed safe and secure, and expedited promptly.
Markets
The range of financial markets available at BlackBull Markets includes several broad categories, namely: Forex, Index CFD, Commodities, Precious Metals, and Energy.
Forex – AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/SEK, GBP/AUD, GBP/CAD, GBP/CHF, GBP/ JPY, GBP/NZD, and NZD/CAD.
Index CFD – AUS 200 exchange, GER 30 exchange, US 30 exchange, SPX 500 exchange, UK 100 exchange, JPN 225 exchange.
Commodities – XAU/USD, XAG/USD, US Oil, NGAS.
- Precious Metals – XAU/USD (gold), XAG/USD (silver).
- Energy – US oil (US light crude oil), NGAS (natural gas)
Bonuses
BlackBull Markets offers bonuses to affiliates for new client referrals. These are based on performance criteria across a 3-Tier system with CPAs for each tier, as part of the CPA Payment Structure [https://blackbullaffiliates.com/payments/].
No sign up bonuses are available to new clients however.
Customer Support
Customer support is readily available via a variety of channels, including FAQs. The Frequently Asked Questions provides general FAQs for registration, fees/commissions, regulatory practices, trading, et al. Most of the questions asked by traders are available through the FAQs. Support hours are available 24/6 via the support desk, based on specific countries/territories/regions.
- New Zealand – Starts at 11 AM Monday – 10 AM Saturday.
- Japan – Starts at 7 AM Monday – 6 AM Saturday
- London – Starts at 10 PM Sunday – 9 PM Friday
- East Coast USA – Starts at 5 PM Sunday – 4 PM Friday
Live Chat functionality is also available, during business hours (24/5). Clients are simply required to click on the live chat option to access this feature. Support is available through the client support option at BlackBull. Full account management covers support aspects across the board, including live accounts, demo accounts, Islamic accounts, trading history, introducing brokers, client portal passwords, documentation, account types, and more. The support representatives are responsive to traders’ needs, with professional assistance across the board.
Safety
The safety and security of operations at BlackBull Markets is assured by way of a full suite of protection mechanisms. For example, the security of funds is enhanced by way of segregated accounts. This means that client funds are protected from insolvency, bankruptcy, or judgements against BlackBull Markets. Additional security protocols include verification upon registration, anti-money laundering (AML), firewall protection, and SSL encryption protocols.
Since this brokerage is fully compliant with the trading rules and regulations of New Zealand (FSPR), AML, and CFT policies, traders can rest assured that the integrity of their accounts is secure. The company operates with Financial Services Providers Register Number FSP 403326. In the event of disputes, clients can contact FSCL. ANZ Bank is used by BlackBull Markets – a top-tier Australasian bank with global operations. Further, Black Bull Group (BBG) is regulated by the FSA of Seychelles.
Ease of Use
This forex and CFD broker offers a user-friendly set of platforms for casual traders and institutional traders alike. Simply register an account through the ‘Sign Up’ link, and wait for account verification before heading off to the cashier to deposit funds for trading. The account types, markets, trading platforms, and support options are designed for ease-of-use. Whether you’re an experienced trader, or a novice, it’s really easy to get up and running at BlackBull Markets.
Final Thoughts
BlackBull Markets provides comprehensive coverage across dozens of financial markets. These include quick and easy access to Forex, Index CFDs, Commodities, Precious Metals, and Energy. The MT4, MT5, and WebTrader platforms are ideally suited to casual traders and institutional traders. With a wide range of educational tools and resources available, BlackBull Markets offers a convenient solution to traders.
