Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is BlackBull？

BlackBull is an STP (Straight Through Processing) forex broker that provides online trading services to retail and institutional clients. The company was founded in 2014 and is headquartered in Auckland, New Zealand. BlackBull is regulated by the Financial Markets Authority (FMA) of New Zealand and offers over 26,000 tradable instruments including forex, energy, indices, cryptocurrencies, equities, and metals. The broker provides clients with multiple trading platforms such as MetaTrader 4/5 and various trading tools. The company also provides educational resources to assist traders in their trading journey.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

BlackBull appears to be a reliable and well-regulated broker that offers a wide range of trading instruments, platforms, and educational resources. The broker's emphasis on security and transparency, such as offering segregated accounts and holding funds in Tier 1 New Zealand banks, is also a positive aspect.

However, there have been some negative reviews regarding difficulties in withdrawing funds and claims of the broker being a scam, which is a cause for concern.

It's important to note that this is just a general overview of the pros and cons, and individual experiences may vary.

BlackBull Alternative Brokers

There are many alternative brokers to BlackBull depending on the specific needs and preferences of the trader. Some popular options include:

• UFX - provides a user-friendly trading platform and a wide range of educational materials, but there are some concerns about its regulation and customer service.

• Valutrades - offers competitive spreads and multiple account types, but its product offerings are limited and its customer service could be improved.

• Z.com Trade - offers low spreads and no deposit or withdrawal fees, but its product offerings are limited and it is only regulated in one jurisdiction.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is BlackBull Safe or Scam？

It's difficult to make a definitive determination on whether BlackBull is safe or a scam as there is no clear consensus on the matter. While the broker is regulated by the Financial Markets Authority and claims to hold client funds in safe, Tier 1 New Zealand-based banks with segregated accounts, the negative reviews from some clients who report issues with withdrawing their funds raise concerns. It's important for individuals to conduct their own research, carefully evaluate the broker's features and services, and exercise caution when investing their money.

Market Instruments

BlackBull offers a diverse range of 26,000+ financial instruments across various asset classes, including forex, energy, indices, cryptocurrencies, equities, and metals. Traders have access to a wide range of currency pairs, including majors, minors, and exotics, and can also trade popular cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. Additionally, the broker provides access to a variety of equity CFDs, including those from major markets like the US, Europe, and Asia. Traders can also trade popular indices like major US and the NASDAQ, as well as energy products like crude oil and natural gas. Lastly, BlackBull provides access to precious metals like gold and silver, which are often used as safe-haven assets during times of market volatility. Therefore, both beginners and experienced traders can find what they want to trade on BlackBull.

Accounts

Demo Account: BlackBull provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: BlackBull offers a total of 3 account types: ECN Standard, ECN Prime and ECN Institutional. The minimum deposit to open an account is $0, $2,000 and $20,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, the ECN Standard account will be the most suitable option for you.

Leverage

BlackBull offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Spreads & Commissions

BlackBull spreads and commissions depend on the account type. We can see that the spread starts from 0.8 pips on the ECN Standard account, from 0.1 pips on the ECN Prime account, while only the ECN Institutional account can enjoy raw spreads from 0.0 pips.

There is no commission for the ECN Standard account, a commission of 6 USD per lot for the ECN Prime account and 4 USD per lot for the ECN Institutional account.

Below is a comparison table about spreads and commissions charged by different brokers:

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

As for the trading platform, BlackBull provides its clients with many options. There are public platforms including TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), BlackBull Trader, and BlackBull Shares.

TradingView is a popular charting and social trading platform that allows traders to connect with other traders, access a wide range of charting tools, and share trading ideas. MT4 and MT5 are well-known platforms in the forex industry, offering advanced charting capabilities, customizable indicators, and algorithmic trading options. BlackBull Trader is a proprietary platform developed by BlackBull that offers advanced charting and trading tools, while BlackBull Shares is a social trading platform that allows clients to automatically copy the trades of experienced traders.

Overall, BlackBull's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Trading Tools

BlackBull offers Virtual Private Server (VPS) trading to its clients, which is a useful tool for traders who use automated trading strategies or expert advisors. The broker also provides access to other trading tools such as FIX API Trading, which allows traders to connect their own custom software to the BlackBull liquidity pool, as well as Autochartist, which provides market analysis and trading signals. ZuluTrade and MyFxbook are also available for those who want to follow and copy trades of other successful traders. Overall, BlackBull offers a range of trading tools to assist traders in their trading activities.

Deposits & Withdrawals

BlackBull offers its clients multiple options for depositing and withdrawing funds, including bank wire, POLi, and credit/debit card (Visa/MasterCard). The base currencies are USD and NZD.

No minimum deposit requirement. No fees for deposits and withdrawals. Most deposits are processed instantly, while withdrawals are typically processed within 24 hours.

BlackBull minimum deposit vs other brokers

See the deposit & withdrawal fee comparison table below:

Note: The above information is subject to change and may vary based on the payment method used. It's always recommended to check with the broker for the most up-to-date and accurate fee information.

To withdraw funds from your account, visit the “My Wallet” tab found on the left-hand side of the portal.

Find the ‘WITHDRAW FUNDS’ tab along the top of this portal page. Within this tab, you will be presented with a 4-step process to request a withdrawal.

Step 1: Select the method by which you want to make a withdrawal. Only methods that you are approved to use will show up as an option to select.

Step 2: Select the wallet from which you want to make a withdrawal. Please note: Each withdrawal request is restricted to one wallet.

Step 3: Specify the amount you want to withdraw.

Step 4: Finally, confirm your request within the Secure Client Area, and the status of your request will change to pending.

Customer Service

Below are the details about the customer service.

• Languages: English, Spanish, French, Chinese, German, Portuguese, Italian, Thai language, Korean, Arabic, Vietnamese, etc.

• Service Hour: 24/7

• Live chat

• Email: support@blackbull.com

• Phone: +64 9 558 5142

• Address: BlackBull Markets, Level 20, 188 Quay Street, Auckland, 1010

• Social media: Facebook, Instagram, LinkedIn, YouTube, Twitter, WhatsApp and Telegram

Overall, BlackBull's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Note: The information is based on online research and may be subject to change.

Education

A series of educational resources is available at BlackBull, such as webinars, market analysis, and trading videos that cover various topics related to trading.

The educational materials are categorized based on the clients level of experience, with Forex Beginner, Forex Intermediate, and Forex Advanced categories. The educational articles cover a wide range of topics, from the basics of trading to advanced strategies and technical analysis. These resources are designed to help traders develop a better understanding of the markets and improve their trading skills, which can ultimately lead to more successful trades.

User Exposure on WikiFX

On our website, you can see that some users have reported unable to withdraw and scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Conclusion

Based on the information provided, BlackBull appears to be a well-regulated broker that offers a wide range of tradable instruments across multiple asset classes, as well as a variety of trading platforms and tools. The broker's educational resources and customer service are also noteworthy.

However, there are some negative reviews from clients regarding difficulty with withdrawals and accusations of being a scam platform, so traders should proceed with caution and do their own research before investing with BlackBull.

Frequently Asked Questions (FAQs)

VT Markets Information

VT Markets was founded in 2015 and headquartered in Sydney, Australia, has over ten years' experience and expertise in global financial markets. As a regulated broker, VT Markets operates under the oversight of the Financial Sector Conduct Authority (FSCA).

VT Markets offers a suite of trading instruments, including major, minor, and exotic currency pairs, allowing traders to capitalize on various market opportunities. In addition to forex, the broker also provides access to other financial instruments, including precious metals, energies, CFD shares, indices, soft commodities, ETFs & bonds. Traders can benefit from competitive trading conditions at VT Markets, including low minimum deposit of $50, fast execution speeds, and flexible leverage options up to 500:1.

VT Markets supports the industry-standard MetaTrader 4 (MT4) trading platform and MetaTrader 5 (MT5) trading platform, as well as webtrader, known for its robust functionality, advanced charting tools, and customizable features, with access to a wide range of technical indicators, expert advisors (EAs), and automated trading capabilities.

Pros & Cons

VT Markets offers several advantages, including a wide range of trading instruments, multiple account types and flexible leverage options to cater to the diverse needs of traders. The user-friendly trading platforms, along with advanced trading tools and features, enhance the trading experience.

However, the ASIC license is just general registrated and residents of United States, Singapore and Russia are not allowed.

Is VT Markets Legit？

VT Markets operates under the regulation of multiple regulatory authorities, including the Australian Securities and Investments Commission (ASIC, general registration) in Australia and the Financial Sector Conduct Authority (FSCA) in South Africa.

With its entity in South Africa regulated by the FSCA, VT Markets complies with the regulatory requirements set by this reputable financial authority. The FSCA is known for its stringent oversight and supervision of financial services providers.

Market Instruments

VT Markets boasts an extensive and diverse range of over 1,000 market instruments, making it a highly attractive option for traders looking to diversify their investment portfolios. This broad selection includes major categories such as forex, which offers a variety of currency pairs; precious metals like gold and silver; energies including oil and natural gas; and CFD shares that cover numerous global corporations.

Additionally, VT Markets provides opportunities to trade indices, soft commodities like coffee and sugar, as well as ETFs & bonds, catering to different trading preferences and strategies.

Account Types

VT Markets offers a versatile range of account types to cater to different trading needs and preferences, including Standard STP, Raw ECN, Swap Free, Cent, and Demo accounts. The minimum deposit required is accessible, with $100 needed for the Standard STP, Raw ECN, and Swap Free accounts, and a lower threshold of 5,000 USC (equivalent to $50) for the Cent accounts, making it easier for traders with varying financial capabilities to enter the market.

The base currencies available also provide flexibility; Standard STP and Raw ECN accounts support AUD, USD, GBP, EUR, CAD, and HKD, while Swap Free accounts offer all except HKD, and Cent accounts operate exclusively in USC. Additionally, VT Markets enhances trading opportunities by offering bonuses for Standard STP, Raw ECN, and Swap Free accounts.

How to Open an Account？

Opening a trading account with VT Markets is a straightforward and user-friendly process designed to facilitate quick access to the trading world.

To begin, simply click the ‘Trade now’ button on their platform.

You will then be prompted to enter your personal information, including your country of residence, email address, and a password of your choice; there is also an optional field for a referrer if applicable. Once these details are filled in, click the Open a live account button to finalize the setup of your new trading account.

Leverage

With a leverage of up to 500:1, its customers can trade 40 different currency pairings and spot gold contracts. One can use a leverage of up to 1:333 on energy commodities, 1:100 on Silver Spot, and 1:20 on soft commodities such as cocoa, coffee, cotton, orange juice, and raw sugar (Crude Oil, Natural gas, Gasoline, and Gasoil). Stocks of the 50 largest U.S. and Hong Kong firms are available for trading via Contracts for Difference (CFDs), with leverage of 1:20. You can trade 15 stock indexes, including the SP 500, DJ30, and US 2000, with high leverage (up to 1:333).

Spreads & Commissions

VT Markets offers a competitive and varied structure of spreads and commissions tailored to different types of trading accounts, ensuring traders can select the option that best suits their trading style and strategy.

For those preferring simplicity and no commission costs, the Standard STP and Standard STP (Swap free) accounts offer spreads starting from 1.2 pips, and the Cent Account STP starts from 1.1 pips, all with zero commission charges.

Conversely, for traders looking for tighter spreads and are comfortable with commission fees, the Raw ECN, Raw ECN (Swap free), and Cent Account ECN accounts provide spreads starting as low as 0.0 pips with a commission of $6 per round turn.

Trading Platforms

VT Markets offers a range of advanced trading platforms to cater to the diverse needs of traders. With their selection of robust platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and the VT Markets App, traders can access the financial markets with ease and precision. Each platform provides unique features and capabilities to enhance trading experiences and execute trades efficiently.

MetaTrader 4 (MT4): MT4 is a globally recognized and widely used trading platform, renowned for its user-friendly interface and extensive range of trading tools. It offers real-time market data, advanced charting options, and customizable indicators to help traders analyze the markets and make informed trading decisions. MT4 also supports automated trading through expert advisors (EAs), allowing traders to automate their strategies.

MetaTrader 5 (MT5): MT5 is the successor to MT4 and comes with additional features and enhanced capabilities. It offers an improved interface, advanced charting tools, and an expanded range of technical indicators. MT5 also allows traders to access different asset classes, including stocks and futures, in addition to forex trading. With its powerful analytical tools and multi-asset support, MT5 caters to traders seeking advanced trading functionalities.

WebTrader: The WebTrader platform is a web-based trading solution that provides traders with the flexibility to access their accounts from any web browser without the need for software installation. It offers a user-friendly interface, real-time market data, and essential trading features. Traders can analyze charts, place trades, and manage their positions conveniently through WebTrader.

VT Markets App: The VT Markets App is a mobile trading platform designed for traders who prefer to trade on the go. Available for both iOS and Android devices, the app allows traders to access their accounts, monitor market conditions, and execute trades from anywhere, anytime.

Copy Trading

VT Markets provides an innovative copy trading service that allows traders, especially those who may not have the time or expertise to trade independently, to automatically replicate the positions of more experienced traders. This feature is particularly beneficial for new traders as it enables them to learn from seasoned market participants and potentially benefit from their trading strategies.

Copy trading at VT Markets is user-friendly and accessible, allowing clients to browse through a list of skilled traders and choose whom they want to follow based on performance metrics and trading style. This service not only simplifies the trading process but also offers an opportunity for traders to diversify their investment approaches by mirroring the trades of professionals, thus potentially enhancing their trading outcomes while managing risk.

Deposits & Withdrawals

VT Markets supports a variety of popular payment methods. These include major credit cards like MasterCard and Visa, bank transfers, and several e-wallets such as Neteller, Skrill, UnionPay, and FasaPay. VT Markets offers a streamlined and efficient process for deposits and withdrawals, trying completing all transactions within one business day, which is a significant advantage for traders needing quick access to their funds.

Bonus

VT Markets offers enticing bonus schemes to both new and existing clients, enhancing their trading potential. New clients are welcomed with a 50% bonus on their initial deposit, applicable to all account types. This welcome bonus is designed to give traders a substantial boost as they begin their trading journey, with the bonus credit being added to their accounts within just one business day after the deposit.

Additionally, VT Markets provides a recurring 20% deposit bonus for all subsequent deposits over $1,000, allowing traders to increase their trading capital by up to $10,000 in extra funds. This ongoing bonus can be claimed multiple times, offering continuous support to enhance trading activities. Traders interested in these opportunities can easily start by opening a live account in just five minutes and begin benefiting from these generous promotional offers, subject to terms and conditions.

Educational & Tools

VT Markets provides a comprehensive suite of educational resources and analytical tools. The learning center at VT Markets is extensive, featuring a trading glossary for beginners, detailed courses on forex trading, and specialized tutorials on using MetaTrader platforms. Additionally, they offer podcasts that delve into various trading topics, catering to learners who prefer auditory content.

On the analysis front, VT Markets provides daily market analyses and weekly market overviews to keep traders informed about the latest market trends and opportunities. Their blog also serves as a valuable resource for deeper insights and trading strategies.

Furthermore, VT Markets enhances trading efficiency with practical tools such as an economic calendar, trading signals, and access to Trading Central MT4 tools and ProTrader tools. They also support automated trading by offering expert advisors.

Customer Support

VT Markets prioritizes exceptional customer support by providing around-the-clock assistance through various channels, ensuring traders can receive help whenever required. Their 24/7 Help Center is equipped to address and resolve common issues instantly, facilitating a seamless trading experience.

For more interactive and immediate assistance, VT Markets features a live chat service where traders can communicate directly with knowledgeable support staff in real-time.

Additionally, traders can reach out via email at info@vtmarkets.com, with the assurance of receiving a detailed response within 1-3 business days.

VT Markets also extends its customer engagement through active social media presence on platforms like LinkedIn, YouTube, Facebook, and Instagram, offering updates, educational content, and a platform for community interaction.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.