BlackBull Markets Review

BlackBull Markets Review

Trade On MT4, MT5, cTrader and TradingView

  •  Automated Trading
  •  26,000+ Stocks CFDs
  •  MT4 & MT5
  •  Leverage Up To: 500:1
  •  $0 Minimum Deposit
  •  Spreads From 0
26,000+ Stocks CFDs To Trade

BlackBull Markets Review

BlackBull Markets is an Electronic Communication Network (ECN) broker offering trading in Forex and other markets on MT4, MT5, cTrader and TradingView. Additionally BlackBull offers the BlackBull Shares mobile app which provides a large number of Stocks CFDs to trade (along with other markets, including Options CFDs). BlackBull offers social and copy trading as well, including its dedicated BlackBull CopyTrader platform. BlackBull Sign-Up.

BlackBull Markets Features Highlight
FeatureBlackBull PlatformsDescription
Automated Trading
Trading Type
MT4, MT5, cTrader, TradingView
BlackBull Platforms
BlackBull offers ECN trading infrastructure for automated trading, with low spreads plus a commission charge and utilises Equinix data centers for low latency order transmission
Expert Advisors
Platform Feature
MT4, MT5
BlackBull Platforms
BlackBull allows the use of Expert Advisors (EA) online trading robots on MT4 and MT5. The trader can download EAs for a fee or can modify or build them
Stocks Trading
Trading Type
BlackBull Shares
BlackBull Platform
BlackBull offers a particularly large number of Stocks CFDs to trade on its BlackBull Shares mobile app, with 26,000+ available, and allows fractional Shares
Forex Trading
Trading Type
MT4, MT5, TradingView, cTrader, BlackBull Shares, BlackBull Trade
BlackBull Platforms
BlackBull provides a wide range of support for Forex traders, from automated trading with EAs to tools to support technical and fundamental analysis and allows styles such as Forex scalping

BlackBull finds prices from liquidity providers and aggregates these prices. BlackBull says that its aggregation system finds the best prices by letting these Tier-1 liquidity providers effectively compete against one another. According to BlackBull, its liquidity providers are ABN-AMRO, ANZ, Bank of America, Barclays, BNP Paribus, Citibank, CommerzBank, Credit Suisse, Deutsche Bank, HSBC, JPMorgan Chase, Standard Chartered, RBS and UBS.

BlackBull offers the MT4 and MT5 online trading platforms, where the trader can find the price quotes determined by the aggregation system. The trader can access TradingView as well. This kind of broker connects traders with liquidity providers, aggregating prices from multiple providers and using technology to find the best prices.

Additionally, BlackBull locates its trading servers in three of Equinix's data centers: London (LD4), New York (NY4) and Tokyo (TY3). Equinix data centers co-locate the broker's servers with other those of other financial institutions and use fiber optical cables, to deliver low latency order execution (i.e. the order goes through rapidly).

BlackBull uses STP (Straight-Through-Processing) and NDD (no dealing desk) order execution. STP means in effect that the order is rapidly routed and NDD means that the broker does not intervene in the order process.

BlackBull offers its BlackBull Shares mobile app, though a separate account. This offers an unusually large number of Stocks CFDs to trade, at 26,000+. BlackBull also offers social and copy trading via ZuluTrade, Myfxbook and BlackBull CopyTrader.

BlackBull Markets has a range of account types. In common with other ECN brokers, it has an ECN Standard account which does not charge commissions. This means that its spreads for markets for which it does charge commissions on its other accounts are higher. The spreads for this account are from 0.8 pips (which is competitive for a minimum Forex spread). The minimum deposit for this account is $0.

In addition to its ECN Standard Account, BlackBull has an ECN Prime account. This is its 'True ECN' account, offering STP processing, routing orders to and from liquidity providers. This means that while spreads from liquidity providers can be very low for the more liquid Forex pairs, the broker adds a commission charge. This commission charge is $6 per lot. Spreads for this account are from 0.1. BlackBull has a higher minimum deposit for this account, which is $2000.

Thus there is a distinction between the 'entry level' ECN Standard Account and the ECN Prime Account. There is additionally an Islamic Account, which is offered for both the Standard and Prime Accounts.

BlackBull also has an ECN Institutional Account (or VIP Prime Account), for traders who want this level of service and functionality. FIX API is available for institutional clients, allowing them to directly connect with the ECN (i.e. direct market access). The minimum deposit for this account is $20,000. Spreads for this account are from 0.

The minimum trade size for all accounts is 0.01 lots (micro lots). Maximum leverage is 500:1 for all account types (increasing leverage increases risk).

On its ECN Standard and ECN Prime Account it offers Forex, Indices, Precious Metals (Gold and Silver), Energy and Cryptocurrency CFDs. This is a competitive number of markets for an ECN broker.

On its Shares Trading Account, it has 26,000+ markets to trade, the bulk being Stocks CFDs, but also including Forex, Options and Futures Options CFDs. This is a relatively unusual combination for an ECN broker.

The Crypto CFDs offered include Bitcoin, Ethereum and Litecoin. When trading a CFD, the trader does not own the underlying financial market.

Traders may wish to trade when they are not connected to the broker, for example when trading using automated trading strategies. To do so they can rent a Virtual Private Server (VPS). This is provided free (T&Cs apply) for traders who have an ECN Prime Account, a minimum deposit of $2,000 and trade a minimum of 20 lots per month.

To trade on a real account, the trader needs to deposit at least the minimum deposit required for the account. BlackBull Markets lets the trader deposit via Bank Wire, Credit Card, Skrill, Neteller, China Union Pay and Fasapay. To withdraw money, there are fees (for example there is a $20 fee for withdrawing by Bank Wire) and there is a minimum withdrawal amount of $100.

For social traders, BlackBull allows the use of ZuluTrade, Myfxbook and its dedicated BlackBull CopyTrader platform.