BlackBull Markets was founded in 2014 and is headquartered in Auckland, New Zealand. It offers CFDs across many markets, a wide platform choice and a separate share-investing service. Most clients outside New Zealand are served by an offshore entity.
Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This review is for information only and is not investment advice.
BlackBull Markets at a glance
| Founded | 2014, Auckland, New Zealand |
| Regulators | FMA New Zealand (derivatives issuer licence); FSA Seychelles (offshore) |
| Platforms | MT4, MT5, cTrader, TradingView, BlackBull CopyTrader, BlackBull Invest |
| Minimum deposit | $0 on all accounts |
| Leverage | Up to 500:1, varying by country |
Regulation and safety
BlackBull Markets explains that clients are served by one of two entities:
- Black Bull Group Limited: licensed by the FMA in New Zealand as a derivatives issuer, mainly serving New Zealand clients.
- BBG Limited: FSA Seychelles (licence SD045), serving clients outside New Zealand (offshore).
- There is no UK, EU or Australian entity.
Licence details above are as stated by BlackBull Markets. Always check the firm and website on the regulator’s official register before you open an account, and confirm which entity your account will be held with. Regulation does not protect you against trading losses. See our guide: How to check if a broker is legitimate.
Products and platforms
- More than 1,750 CFDs on forex, metals, indices, commodities, shares and crypto.
- BlackBull Invest for share and ETF investing.
- Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView and BlackBull CopyTrader.
Accounts and fees
- Standard: no commission; independent tests measured EUR/USD around 1.1 pips.
- Prime: lower spreads plus about $6 round-turn commission per lot.
- Minimum deposit $0; withdrawal handling fees may apply; an inactivity fee applies after 12 months of dormancy.
Fees, spreads and minimum deposits vary by region and account type and can change at any time. Check BlackBull Markets’s current pricing pages for your country before trading.
Leverage
BlackBull advertises leverage of up to 500:1, with limits depending on your country of residence. Higher leverage increases both potential gains and losses. Read Can you lose more than you invest in forex?.
Things to be aware of
- Most international clients are with the offshore Seychelles entity, which has no investor compensation scheme.
- No EU, UK or Australian regulation.
- High leverage can lead to rapid losses.
Pros and cons
Pros
- Wide platform choice including cTrader and TradingView
- No minimum deposit
- Large range of CFD markets plus share investing
Cons
- Offshore entity for most non-NZ clients
- Inactivity fee after 12 months
- No major-region regulation outside New Zealand
Who might consider BlackBull Markets?
BlackBull Markets may suit New Zealand residents and experienced traders elsewhere who are comfortable with offshore regulation and want a wide choice of platforms.
Summary
BlackBull Markets offers broad markets and platforms with low entry costs, but most international clients are with an offshore entity. Weigh this carefully before opening an account.
Information in this review was checked against BlackBull Markets’s published information and public regulatory records in November 2026. Details change, so always confirm the current terms on the broker’s own website and the regulator’s register.
Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This review is for information only and is not investment advice.