Reading Time: 4 minutes SCAM RECOVERY

BlackBull Markets Review – Is Broker Scam or Legit?

BlackBull Markets Scam

Every time we come across a “legit” broker with an offshore entity, such as BlackBull Markets, we have to ask why you would need it. If everything is right with the first one, why would any company go offshore and make another entity far from the regulator’s sight?

We’ve decided to check everything about BlackBull Markets broker in our honest review and deliver it to you.

Broker status:Regulated Offshore Broker
Regulated by:FMA NZ, FSA Seychelles
Operating Status:Forex Scam Broker (Forex Trading Scam)
Blacklisted as a Scam by:N/A
Broker Owner:Black Bull Group Limited / BBG Limited
Headquarters Country:New Zealand / Seychelles
Foundation year:2015
Supported Trading Platforms:MT4, MT5, WebTrader, ZuluTrade
Minimum Deposit:$200
Available Trading Assets:Forex (FX), Commodities, Indices
Maximum Leverage:1:500
Islamic Account:Available
Free Demo Account:Yes
Accepts US clients:US traders are not accepted

BlackBull Markets Regulation and Licensing Details

It is an online trading brokerage owned by Black Bull Limited Group from New Zealand. The company has an entity under the same name in the UK, allegedly using it as a clearing company. Also, there’s a BBG Limited entity of the same group formed in Seychelles.

This all led us to ask is BlackBull Markets regulated and where?

What’s Wrong With License and Regulation

Broker regulations come from New Zealand FMA and Seychelles FSA. However, the company was first established in the UK in 2015, yet never had a UK regulation. Since today it’s used as a clearing company dealing with funds, it’s essential to know that the company’s official status is “Active proposal to strike off.” We do not think you want your funds to be sent to such a company.

Also, the FMA regulation came only in 2020, 5 years after the establishment. However, the FSA regulation is not under any official license number and, like any offshore regulation, does not mean much since there is no compensation fund.

Do not fall for the BlackBull Markets trading scam and avoid fraudulent brokers such as ThinkMarkets or OpoForex.

BlackBull Markets Trading Platform Review

BlackBull Markets’ trading platform offer is wide ranged and consists of an MT4, MT5, and a web trader. Practically, it means that any client can choose what suits them the best, especially if they have some prior trading experience.

BlackBull Markets leverage offered on any of the platforms goes up to 1:500.

BlackBull Markets MT4 – MetaTrader 4

MetaTrader 4 is the most popular trading platform this broker offers. It has a large number of indicators as well as some of the best trading features. For a reason, this platform is considered the best globally.

Besides, there’s BlackBull Markets MT5 as well.

BlackBull Markets App – ZuluTrade & MT4

ZuluTrade is one of the VPS services clients can use for Social Trading. It comes along with an MT4 platform and does not require any additional app to use all the benefits.

BlackBull Markets Spreads

Broker’s spread mostly depends on the account type you choose. For the ECN Standard account, the spread starts from 0.8 pips, while for ECN Institutional, clients can get even 0.0 pips.

BlackBull Markets Social Trading

Besides standard broker’s features, BlackBull Markets reviews show that the broker offers two popular social trading platforms – ZuluTrade and Myfxbook. Traders can use each to copy traders from other, well-ranked traders and gain more profit this way.

BlackBull Markets Copy Trading

As mentioned, clients can follow other traders and copy their trades on their accounts. It’s a good and effective system for clients with no trading experience since they would get a managed account without paying additional service.

  • You may also like our recently updated InstaForex and PrimeXBT broker reviews. Always check the background of companies before investing!

In Which Countries Does This Broker Work?

As a broker with two entities, BlackBull Markets forex broker can operate globally. As far as we’ve seen, there are clients from New Zealand, Australia, the EU countries such as UK, Austria, Germany, Scandinavian countries.

However, there’s an extensive list of forbidden areas as well, including Afghanistan, Belarus, Belize, Cuba, Haiti, Iraq, Ukraine, Spain, Zimbabwe, North Korea, Pakistan, and the USA.

US Clients

BlackBull Markets US services are suspended for now, and residents of this country cannot join any of the company’s entities.

BlackBull Markets Trading Assets

Assets You Can Trade With a Broker

Surprisingly, BlackBull Markets does not have such a wide range of assets. Here’s the list for you.

  • 31 currency pairs – all the majors and some exotics such as ZAR/USD
  • 12 indices – including major US and EU indices such as NASDAQ
  • 4 commodities and metals – gold, silver, crude oil, and natural gas

As we mentioned, a rather disappointing offer for an FMA regulated broker.

BlackBull Markets Trading Accounts

BullMarkets account types depending on the amount of funds you’re willing to deposit and the features you are looking for. Besides a standard live account, the broker offers an Islamic swap-free account, a Prime account that requires a minimum of $2,000, and a Demo account.

Standard account types:

  • The first one is the ECN Standard – minimum deposit required is $200, spread starts from 0.8 pips, while leverage is 1:500
  • ECN Prime – $2,000, spread starts from 0.1 pips, while leverage is the same
  • ECN Institutional – $20,000, spread starts from 0.0 pips, and leverage is 1:500

BlackBull Markets Demo Account

According to our profound review, the broker offers a Demo account along with Live for clients to be able to test the platform and determine whether these terms and conditions are suitable for them.

BlackBull Markets Deposit and Withdrawal Methods

The broker allows depositing using:

  • Wire transfer
  • Visa/MasterCard
  • Skrill
  • Neteller
  • Fasapay
  • UnionPay

The same methods are available for BlackBull Markets withdrawals. However, we couldn’t find a list of fees and commissions for such an action.

What to Do if You’ve Been Scammed by a BlackBull Markets Broker?

In addition to this, Global Fraud Protection has come across many complaints about this particular broker. Therefore, we can assure you that you are not the only victim of the BlackBull Markets scam. If you have any issues with the aforementioned brokerage, do not hesitate to report it.

Our support team is available via online chat. We will book a free consultation and help you find a solution to get your money back. Don’t give up on what’s rightfully yours!

Don’t Let the Scammers Go Away for Free!

What is BlackBull Markets, and Should I Invest Money in it?

It is an online trading broker registered in New Zealand and Seychelles.

Is BlackBull Markets regulated and licensed?

This brokerage company is regulated by the FMA and FSA Seychelles. However, having an offshore entity is always suspicious.

Does BlackBull Markets Offer a Demo Account?

Yes, broker offers its clients a Demo account to test the platform.

What products does BlackBull Markets offer?

Company offers trading with currency pairs, indices, and several commodities.

Is BlackBull Markets Available in the United States?

No, broker is not providing financial services in the USA nor to US residents.