The mobile apps are compatible with Android and iOS devices and can be downloaded from the respective app stores. The MT4 and MT5 Android apps require Android 5.0 or a later version, while the iOS apps require iOS 9.0 or a later version. BlackBull Markets is also registered with the Financial Services Authority of St. Vincent and the Grenadines (FSASVG) under registration number 126 LLC 2019. The FSASVG acts as a registry authority rather than a strict financial regulator, overseeing the incorporation and administration of international business companies, including forex brokers. While it does not impose the same stringent regulatory standards as more established jurisdictions, registration with the FSASVG provides BlackBull Markets with the legal framework to operate globally. Traders should be aware that investor protection and oversight under FSASVG may be limited compared to more heavily regulated regions.
Security and Money Guarantees
BlackBull Markets is a Forex broker that gives you a wide range of instruments to trade besides Forex. With over 26k tradable assets, you won’t have a hard time finding an instrument that matches your trading style. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. The first step in verifying whether a broker is MAS-regulated is to gather the necessary details from the broker’s official website. Look for the broker’s licensed or reference number, which is typically listed in the footer, legal section, or “About Us” page.
- Users are responsible for verifying the accuracy of any information provided by this system, especially when making financial decisions.
- Nonetheless, the broker maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy to ensure that it abides by international best practices.
- To ensure that it does not use clients’ funds to run its operations, the broker keeps clients’ funds securely in segregated accounts with ANZ Bank in New Zealand.
- DailyForex.com adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence.
Traded Instruments
BlackBull Markets are regular attendees at FSCL events, in an effort to promote and implement better dispute resolution procedures for our clients. We believe this helps in building a healthy and transparent relationship with you all. Companies registered on the FSPR, must all be a member of an independent Dispute Resolution Scheme. This provides a consumer and participant service for resolving complaints or disputes between the two parties in an impartial and independent manner. To remain above board on all compliance practices, we undergo periodic AML/CFT audits and revisions from independent companies. Most of our senior management are New Zealand citizens and residents, and company operations are based in the Auckland city Head Office.
Overall Blackbull Markets review shows they are a good choice for New Zealanders wanting a forex broker that offers FMA regulation and has ECN trading with low spreads. Something that doesn’t appear readily available from brokers with a derivatives trading licence from the FMA. This combination of educational content xcritical official site and practical trading tools makes BlackBull Markets a strong broker for both lxcriticalg and trading in various financial markets.
How do I withdraw money from BlackBull Markets?
There’s also no minimum deposit needed to start copy trading their signal providers. On the other hand, each signal provider may set some funding parameters that you’ll need to meet to be able to copy them. Yes, BlackBull Markets is a legit broker and company and your funds will be securely held in segregated accounts. These accounts are in the ANZ Bank in New Zealand, one of the most trusted banks.
ASIC :
Free VPS hosting from NYC Servers or BeeksFX is available for ECN Prime accounts with trading volume above 20 lots, which is an offer I find reasonable. BlackBull Markets also supports social trading via market leaders ZuluTrade and Myfxbook Autotrade plus newcomer HokoCloud. BlackBull Markets also allows its clients to connect their accounts to TradingView, an active community with 30M+ traders. BlackBull Markets offers traders an excellent asset selection, placing it in the Top 5 brokers in the industry.
BlackBull Markets trading experience is further enhanced by their use of Virtual Private Servers (VPS) in partnership with BeeksFX and BeekFX, reducing trading latency by up to 30%. This reduction is vital for strategies like scalping and automated trading, as it minimises slippage risks and ensures accurate trade execution. In our 2024 testing, BlackBull Markets not only outperformed industry standards but also emerged as the broker with the fastest execution speed among all those tested.
When combined with the broker’s aggregation system, the ECN ensures that the liquidity providers directly compete to guarantee clients the best trading experience. BlackBull Markets is a true ECN broker that allows clients to buy and sell over 300 financial instruments across different asset classes, including equities, Forex, commodities, CFDs, and more. The broker provides traders with institutional-grade trading conditions and exceptional customer service and support.
If the license number is not available, the broker’s name can also be used for verification. Having the correct license number or name ensures a more accurate search when checking the broker’s regulatory status. BlackBull Markets is regulated by several authoritative bodies such as FMA, FSA-S. However, BlackBull Markets is not regulated by the MAS ( Monetary Authority of Singapore).
As part of our global outreach, it is also our responsibility to ensure our services are used transparently and responsibly. BlackBull Markets does not charge any internal fees for deposits or withdrawals. But, it is important to note that some payments to and from overseas banking institutions may incur intermediary transfer fees from either party independent of BlackBull Markets. Finally, let us compare BlackBull Markets Standard Account average spreads with what other major brokerages offer on the three most actively traded Forex pairs.
Deposit Options and Fees
Traders can use the MT4 WebTraderto trade from any device without the need to first download and install an application. BlackBull Markets offers swap-free trading on the ECN Standard and ECN Prime accounts. The swap-free Islamic account is best suited for traders who cannot receive or pay swaps due to religious beliefs. Although this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administration fee on trading positions. BlackBull Markets is regulated by the Financial Services Authority (FSA) of Seychelles. The FSA, established in 2013, oversees the financial services sector in Seychelles to ensure compliance with regulatory standards and to protect xcritical scammers investors.
BlackBull Markets doesn’t accept clients from the United States, Canada, and OFAC-sanctioned countries. The minimum amount to be able to request a withdrawal from BlackBull Markets is $1. On the other hand, the ECN Standard Account doesn’t charge any commissions. Net accounts are especially useful when you want to be able to add and reduce your position size.
