BLACKBULL MARKETS RATING -OVERALL SCORE {70.22%} (?)
BlackBull Markets is an ECN broker headquartered in New Zealand. There are several account types available, a wide variety of deposit methods, and the minimum amount to start an account is just $200. The trading spreads offered by BlackBull are quite fair, plus there is a MAM account, social trading, API trading, automated trading, scalping allowance, and up to 500:1 trading leverage.
■ Deposit Requirements: 200 USD
■ Funding: Cards | Bank Wire | Skrill | Neteller | FASAPAY | UnionPay
■ Account Currencies: USD, EUR, GBP, AUD, NZD, JPY, SGD, and CAD
■ Platforms: MetaTrader-4 | MT4 WebTrader | Mobile Traders for iOs and Android
■ Customer Support: English and many Asian Languages
BLACKBULL RATING SUMMARY
The following table contains BlackBull Market's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.
| BLACKBULLMARKETS RATING SUMMARY | |
| Based on the Rating Table | (MAX 100%) |
| A. BLACKBULLMARKETS FUNDS SAFETY | 60.6% |
| B. BLACKBULLMARKETS TRANSACTION COST | 68.8% |
| C. BLACKBULLMARKETS TRADING OPTIONS AVAILABLE | 64.3% |
| D. BLACKBULLMARKETS TECHNOLOGY | 100.0% |
| Overall Rating | 70.2% |
| RATING PER TRADING EXPERIENCE | |
| Based on BlackBullMarkets Sub-Formulas | (MAX 100%) |
| Forex Beginners | 70.7% |
| Advanced Forex Traders | 66.7% |
| Professional Forex Traders | 64.8% |
| RATING PER TRADING STYLE | |
| Based on BlackBullMarkets Sub-Formulas | (MAX 100%) |
| Intraday Traders | 71.5% |
| Swing Traders | 68.2% |
| Carry Traders | 40.6% |
BLACKBULL DETAILED RATING REVIEW
| BLACKBULLMARKETS RATING ANALYSIS | ||||
| BLACKBULLMARKETSBLACKBULLMARKETS TOTAL RATING | 100.0% | BlackBullMarkets | ||
| 70.22% | FULL ANALYSIS | |||
| A. BLACKBULLMARKETSBLACKBULLMARKETS SAFETY OF FUNDS | MAX WEIGHT→ | 28.0% | 16.97% | Rating the BlackBullMarkets Safety |
| A.1 BlackBullMarkets License / Regulation | FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating | 10.0% | 6.00% | BlackBullMarkets is registered with the Financial Services Provider Registry (FSPR-FSP403326) and a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme | Total Rating = 5.0% |
| A.2 BlackBullMarkets Client Compensation in Case of Insolvency | Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% |
5.0% | 0.00% | BlackBullMarkets regulation does not support client compensation in case of insolvency = 0.0% rating |
| A.3 BlackBullMarkets Country of Headquarters | UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% | 5.0% | 4.00% | BlackBullMarkets is headquartered in Auckland, New Zealand= 4.0% rating |
| A.4 BlackBullMarkets Years in the Market | 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% | 5.0% | 4.00% | BlackBullMarkets was found in 2014 (5-10 years) = 4.0% rating |
| A.5 BlackBullMarkets Client Account Segregation | Client bank account segregation = 2.5% rating | No = 0.0% | 2.5% | 2.50% | BlackBullMarkets provides client bank segregated accounts in ANZ Bank (New Zealand) = 2.5% |
| A.6 BlackBullMarkets Web Ratings | ForexPeaceArmy Rating = 0.5% rating | 0.5% | 0.47% | BlackBullMarkets ForexPeaceArmy Rating is 4.735/5.0 = 0.4735% rating |
| A.7 (+) BlackBullMarkets ADJUSTING RESULTS | ||||
| A.7.1 BlackBullMarkets Corporate Size | 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating | 1.0% | 0.00% | BlackBullMarkets handles less than 250,000 accounts = 0% Rating |
| B. BLACKBULLMARKETSBLACKBULLMARKETS TRANSACTION COST | MAX WEIGHT→ | 28.0% | 19.25% | Rating the BlackBullMarkets Transaction Cost |
| B.1 BlackBullMarkets spread on EURUSD | <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% | 7.0% | 3.00% | Typical BlackBullMarkets EURUSD spread is less than 1.5 pip = 3.0% rating |
| B.2 BlackBullMarkets spread on GBPUSD | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 2.50% | Typical BlackBullMarkets GBPUSD spread is less than 1.75 pips = 2.5% rating |
| B.3 BlackBullMarkets spread on USDJPY | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 2.50% | Typical BlackBullMarkets USDJPY spread is less than 1.75 pips = 2.5% rating |
| B.4 BlackBullMarkets Trade Commissions | No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating | < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating | 7.0% | 7.00% | BlackBullMarkets does not charge trading commissions on the tested account type = 7.0% |
| B.5 BlackBullMarkets Overnight (SWAP) rates | Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% | 2.0% | 0.25% | BlackBullMarkets rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$5.92 | BlackBullMarkets rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$1.24 | Total cost in absolute value is $4.68, rating = 0.25% |
| B.6 BlackBullMarkets Commissions on Funding | No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating | 2.0% | 1.00% | If you are using Credit Card, Skrill or Neteller, you can only withdraw up to the amount you have deposited (No Fees), BUT any further profits must be sent via bank wire,, where there is a charge of $20= 1.0% rating |
| B.7 BlackBullMarkets Inactive Fees | No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating | 1.0% | 1.00% | BlackBullMarkets does not charge Inactive Fees = 1.0% rating |
| B.8 (+) BlackBullMarkets ADJUSTING RESULTS | ||||
| B.8.1 BlackBullMarkets Execution Model | ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating | 2.0% | 2.00% | ECN Order Execution Model = +1.5% rating |
| C. BLACKBULLMARKETSBLACKBULLMARKETS TRADING OPTIONS | MAX WEIGHT→ | 28.0% | 18.00% | Rating the BlackBullMarkets Options for Traders |
| C.1 BlackBullMarkets Forex Asset Index | 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+ Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating | 8.0% | 4.00% | BlackBullMarkets Provides 27 Forex Pairs = 4.0% rating {There are also 4 Cryptocurrencies) |
| C.2 BlackBullMarkets CFDs | CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% | 2.5% | 2.50% | BlackBullMarkets offers CFD trading (6 Indices plus 8 commodities) = 2.5% rating |
| C.3 BlackBullMarkets CFDs on Futures | CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating | 1.5% | 1.50% | BlackBullMarkets Offers CFDs on Futures = 1.5% rating |
| C.4 BlackBullMarkets Free Practice Account | Practice Account = 2.0 % rating, No = 0.0 % rating | 2.0% | 2.00% | BlackBullMarkets offers a free Demo/Practice account = 2.0% rating |
| C.5 BlackBullMarkets Trading Leverage | Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating | 1.0% | 1.00% | 500:1 max Trading Leverage = 1.0% rating |
| C.6 BlackBullMarkets Bonus/Rebate Promotions | 5.0% | |||
| C.6.1 BlackBullMarkets Welcome Bonus (%) | Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating | 0.00% | No Welcome Bonus = 0.0% rating | |
| C.6.2 BlackBullMarkets Trading Rebate (%) | Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating | 0.00% | BlackBullMarkets Offers no trade rebates = 0% rating | |
| C.7 BlackBullMarkets Min. Account Size | Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating | 2.0% | 1.50% | The minimum amount to open a live account with BlackBullMarkets is $200 = 1.5% rating |
| C.8 BlackBullMarkets Number of Deposit Methods | For every deposit method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | BlackBullMarkets offers 5+ deposit methods (Bank Wirer, Credit/Debit Card, Skrill, Neteller, FASAPAY, Unionpay) = 2.5% rating |
| C.9 BlackBullMarkets Number of Withdrawal Methods | For every withdrawal method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | BlackBullMarkets offers 5+ withdrawal methods (Bank Wirer, Credit/Debit Card, Skrill, Neteller, FASAPAY, Unionpay) = 2.5% rating |
| C.10 Minimum Stop-Order Levels (in pips) | 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating | 1.0% | 0.50% | BlackBullMarkets offers less than 3 pips minimum stop-out order distance = 0.50% rating |
| C.11 (+) BlackBullMarkets ADJUSTING RESULTS | ||||
| C.11.1 Offering more than 100 Forex Pairs | Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating | 1.0% | 0.00% | 27 Forex pairs = +0% rating |
| C.11.2 Paying Interest on unused funds | Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating | 0.5% | 0.00% | No = +0% |
| C.11.3 BlackBullMarkets Contests | Contests = 0.25 % rating | No = 0 % rating | 0.25% | 0.00% | BlackBullMarkets offers no Real/Demo Account Competition = +0.00% rating |
| D. BLACKBULLMARKETSBLACKBULLMARKETS TECHNOLOGY | MAX WEIGHT→ | 16.0% | 16.00% | Rating the BlackBullMarkets Technological Efficiency |
| D.1 BlackBullMarkets Trading Platforms Availability | For every Platform = 1.0% | max = three (3) platforms | 3.0% | 2.00% | BlackBullMarkets offers MT4 and MT4 Webtrader = 2.0% rating |
| D.2 Trading-On-Charts | Offering Trading-On-Charts = 1.0 rating | No=0% | 1.0% | 1.00% | BlackBullMarkets is offering 'Trading-On-Charts' = 1.0% rating |
| D.3 BlackBullMarkets Slippage on Execution | Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating | 1.0% | 0.50% | BlackBullMarkets Slippage on execution is less than 1.5 pip = 0.50% rating |
| D.4 BlackBullMarkets Automated Trading Allowance | Automated Trading is Allowed = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | BlackBullMarkets allows automated trading = 2.0% rating |
| D.5 BlackBullMarkets MT4 Platform Availability | MT4 is Provided = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | BlackBullMarkets offers the MT4 platform = 2.0% rating |
| D.6 BlackBullMarkets Mobile Apps | iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points | 2.0% | 2.00% | BlackBullMarkets offers an MT4 App for iOs and Android = 2.0% rating |
| D.7 BlackBullMarkets Allowing Scalping / Hedging | Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating | 1.0% | 1.00% | BlackBullMarkets allows both Scalping and Hedging = 1.0% rating |
| D.8 BlackBullMarkets Customer Service | 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating | 4.0% | 4.00% | BlackBullMarkets offers 24/5 Customer support = 0%, via eMail, Phone, Skype, and Live Chat= 4.0% | Total rating is 4.0% |
| D.9 (+) BlackBullMarkets ADJUSTING RESULTS | ||||
| D.9.1 BlackBullMarkets PAMM / MAM Accounts | PAMM / MAM Accounts = +0.5% rating | No = 0 % rating | 0.5% | 0.50% | BlackBullMarkets offers MAM accounts = +0.5% |
| D.9.2 BlackBullMarkets Free VPS | Free VPS = +0.5% rating | No = 0 % | 0.5% | 0.50% | BlackBullMarkets offers a free VPS hosting service for Prime Accounts and above (balance over $2,000 USD)= +0.5% |
| D.9.3 BlackBullMarkets API Trading | API trading = +0.5 % rating | No API = 0.0 % rating | 0.5% | 0.50% | BlackBullMarkets is offering API trading = +0.5% |
| TOTAL BLACKBULLMARKETSBLACKBULLMARKETS RATING | 70.22% | |||
LICENSES AND SIMILAR INFORMATION
BlackBull is a New Zealand-based forex broker, with additional Offices in London, New York, Kuala Lumpur, and Jakarta.
- Headquarters Address: Level 22 120, Albert Street Auckland 1010 New Zealand
- Telephone: NZ (+64) 9 558 5142 NZ free # 0800 BB Markets MY (+60) 12 444 6433
- E-mail address: This email address is being protected from spambots. You need JavaScript enabled to view it.
Black Bull Group Limited (trading name: BlackBull Markets) is a New Zealand registered and incorporated company (company number: 5463921). They are also registered with the Financial Services Provider Register (number: FSP403326). Payment clearing services provided by BlackBull Group UK Limited (Company Number – 9556804).
Corporate Details
- Name: BLACK ULL GROUP LIMITED
- Trading name: Blackbull Markets
- FSP number: FSP403326
- Registration date: 12/10/2014
- Dispute resolution scheme: Financial Services Complaints Limited http://www.fscl.org.nz
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