Advertiser disclaimer
Pros & Cons
Table of content

BlackBull Review for Cryptocurrency 2024

BlackBull
4.5

BlackBull Markets is an award-winning broker that is regulated by the Financial Services Authority (FSA) in the Seychelles and the Financial Markets Agency (FMA) in New Zealand. The company has registered offices in New Zealand and UK and focuses on satisfying the needs of modern traders. You can trade cryptos 24 hours a day, with access to as many as 11 major cryptocurrencies, including Bitcoin, Ethereum, Ripple, Cardano, and Dogecoin. What helped me a lot was their 24/7 dedicated support of trained personnel, who are polite and prompt. BlackBull Markets offers multiple user-friendly platforms for trading, including MetaTrader 4 and 5, WebTrader, TradingView, ZuluTrade and BlackBull Social, which supports social trading and copy trading.

Show more

Pros & Cons

  • Pros
  • User-friendly platforms with excellent trade analysis tools
  • Spreads starting from 0.0 pips
  • Leverage of 1:2 for cryptocurrencies
  • Negative balance protection
  • Cons
  • Limited deposit options

BlackBull Overview

Our Daily Crypto review confirmed that BlackBull Markets is a premier brokerage that offers plenty of options for trading crypto CFDs. You can trade 11 major cryptocurrencies across platforms that support mobile trading, copy trading, and social trading, and a wide range of tools to analyze the markets.

With low to zero fees and many partnerships for powerful trading tools, BlackBull Markets is one of the leading brokerages for crypto CFD trading for beginners and seasoned traders.

  • Overall
    4.5
  • Fees
    5.0
  • Deposit and withdrawal
    4.0
  • Asset selection
    4.0
  • Ease of account opening
    5.0
  • Regulation and security
    4.5
General info
Headquarters New Zealand
Website https://blackbullmarkets.com/
Website Languages English, Spanish, Chinese, 8+
Regulated check
Country of Regulation New Zealand, Seychelles
Regulation Type FMA / FSA
Account Base Currencies EUR / USD / CAD / AUD / GBP / JPY / NZD / SGD / ZAR
Staking and Rewards uncheck
Minimum Deposit $0 US$2,000 in ECN Prime Account, US$20,000 in ECN Institutional Account. info
Deposit Fee $0
Deposit Types Bank wire / Credit Card / Skrill / Neteller / UnionPay / POLi Payments
Minimum Withdrawal $0
Withdrawal Fees $5
Crypto-to-Crypto Trading Pairs uncheck
Cryptocurrencies as CFDs check
Islamic Account check
Demo Account check
Research & Education Tools check
Customer Support Email / Live chat / Phone
Customer Support Languages English +Chinese info
Support Days & Hours 24/7
Automated Trading check
Social Trading check
Copy Trading check

Company Background

BlackBull Markets is an award-winning brokerage and a regulated ECN broker with its headquarters in New Zealand. Founded in 2014, the company made rapid progress as an innovative Fintech Foreign Exchange Broker. Today, BlackBull serves several thousands of traders from more than 180 countries. The company offers institutional-grade trading conditions and extensive educational resources and 24/7 dedicated customer support to help you on your crypto trading journey. BlackBull has partnered with several firms that provide a large range of signals, insights and tools that empower traders to identify opportunities and make sound decisions even in highly volatile markets.

Unique Features

BlackBull Markets offers more than 26,000 tradable instruments that can be traded on a range of platforms like MetaTrader 4, MetaTrader 5, WebTrader, TradingView, ZuluTrade and BlackBull Social. Although I began trading with MetaTrader 4, I switched to BlackBull Social for copy trading and social trading, which allowed me to follow the strategies of expert traders from around the globe trading on any MT4/MT5 based broker. This is a great learning experience. The platform has ultra-low latency and created a highly interactive environment to identify traders that suit your crypto trading needs.

In their education resources, there is a separate section dedicated to crypto trading. Under that, the learning material is divided into 3 categories – Beginner, Intermediate and Advanced, so you can easily access the most relevant content.

BlackBull offers free VPS (Virtual Private Servers) services to clients with a minimum deposit of $2,000, with 20 lots traded per month. There are 3 VPS services to choose from – VPS Trading, NYC Servers and BeeksFX.

What Is the Downside of BlackBull?

Crypto trading is available via crypto CFDs instead of buying or selling the underlying asset directly. However, this is also a good thing since one can trade in a rising or declining market and avoids the hassle of storing the crypto.

Blackbull Crypto Fees

BlackBull Markets does not charge any deposit fee. They have a withdrawal fee of US$5. Other fees depend on the account you open to trade crypto CFDs. They have zero commission for trading with standard accounts, so you can trade frequently.

FeesAmount
Deposit Fee $0
Credit/Debit card Deposit Fees $0
E-wallets Deposit Fees $0
Bank transfer Deposit Fees $0
Withdrawal Fee $5
Credit/Debit card Withdrawl Fees $5
E-wallets Withdrawl Fees $5
Bank transfer Withdrawl Fees $5
Inactivity Fees uncheck
Swap Fees(Instead of Overnight Fees) check
Spread / Commission Fees check
Currency conversion Fee check
Max Leverage uncheck
Minimum Spread 3.5

Trading Fees

For trading cryptos, BlackBull Markets does not charge any commission for holders of the ECN Standard Account. For the ECN Prime account holders, a commission of US$3 per lot is charged. For ECN Prime Accounts, there is a commission of US$6 per lot.

BlackBull Markets charges low CFD fees. Spreads on crypto CFDs are competitive: BlackBull Markets has for a long time had a deserved reputation for low spreads. The currency conversion fee is a small markup on the exchange rate from liquidity providers. Overnight fees are levied for trading positions held open for more than a day.

Non-Trading Fees

BlackBull Markets does not charge any deposit fee, inactivity fee, or account fee. Only a withdrawal fee of US$5 is charged.

BlackBull Deposit & Withdrawal

Funding methodSupportedMinimum DepositMinimum Withdrawal
Bank wire check $0 $0
Credit Card check $0 $0
PayPal uncheck
Skrill check $0 $0
Neteller check $0 $0
FastPay uncheck
UnionPay check $0 $0
PayRedeem uncheck
PerfectMoney uncheck
POLi Payments check $0 $0
Przelewy 24 uncheck
Payoneer uncheck
Rapid Transfer uncheck
Scroll for more details >>

Supported Cryptocurrency

Coin nameCoin SymbolCoin icon
BitcoinBTCBitcoin
EthereumETHEthereum
CardanoADACardano
ChainlinkLINKChainlink
DogecoinDOGEDogecoin
EOSEOSEOS
LitecoinLTCLitecoin
PolkadotDOTPolkadot
RippleXRPRipple

BlackBull Trading Platforms

PlatformSupported
Proprietary Platform uncheck
MetaTrader 4 (MT4) check
MetaTrader 5 (MT5) check
cTrader uncheck
DupliTrade uncheck
ZuluTrade check

Is BlackBull a Good Crypto Trading Platform?

BlackBull Markets is a great place for crypto trading. There are several platforms to choose from. MetaTrader 4 and 5 allow a highly customisable user interface and many free trading indicators. BlackBull offers clients the option to trade directly in TradingView and interact with its vast community of traders. BlackBull Social supports social trading and copy trading, with a host of advanced monitoring features to identify the expert traders you wish to follow and whether they strategies are aligned with your trading goals. You can also choose to trade on ZuluTrader, which allows you to customise your trades with their performance evaluation algorithm and inputs from their vast community.

There are several powerful tools available for trading. One of the best is the Autochartist tool that sends you alerts on market movements, volatility, chart patterns, support, and resistance levels as well as stop-loss and take-profit levels.

The trading execution is fast and there is usually no major slippage. They also offer customer support through live chats, emails, and phone calls. Deposits and withdrawals are smooth.

There are 3 VPS services to choose from – VPS Trading, NYC Servers and BeeksFX. This ensures ultra-low latency and unfailing infrastructure.

BlackBull Mobile Trading Apps

There are a few mobile apps you can use to trade with BlackBull Markets:

TradingView: It has extensive and informative charts to boost your trading experience.

MetaTrader 5: It offers tools for copy trading, several free Expert Advisors, trading robots and indicators.

MetaTrader 4: It comes with tools for trading signals, simple price analysis, copy trading and Expert Advisors.

Other Trading Platforms

Other platforms on which you can trade with BlackBull Markets are MT5 WebTerminal and MT4 MultiTerminal (for institutional traders), WebTrader (supported on Windows, Linux, Mac), BlackBull Social and BlackBull Shares (for stocks).

How Do You Trade Cryptocurrency on BlackBull?

Once you have registered with BlackBull Markets and deposited into your account, you can choose your favourite cryptos to trade. You can begin trading on the platform of your choice. BlackBull Markets supports crypto trading via CFDs. This means you can speculate on price movements without actually buying or owning the crypto. It not only saves you from the hassle of storing cryptos, but also allows you to find trading opportunities in both bull and bear markets.

One key advantage of trading crypto CFDs is that you can kickstart your trading journey with much less money. BlackBull offers leverage of 1:2 for cryptocurrencies. If you apply this to your trade, it means you can open positions worth US$200 with only US$100 in your account. This gives you the chance to earn much more from a winning trade than you would have without leverage. Of course, it also means you lose more if the market moves in the direction opposite of what you predicted.

Opening a BlackBull Account

The first thing to do is to choose the trading account you wish to set up. If you’re a beginner, it’s best to choose the standard account. You can start trading cryptos on BlackBull Markets by following these steps:

  • Step 1: Visit Blackbull Markets’ home page and click the Join Now button in the top nav
  • Or
  • Visit Blackbull Market’s accounts page and click the Sign Up for a Standard Account button
  • Step 2: Enter your email ID. Else, you can log in with Google or Facebook
  • Step 3: Confirm your email ID by clicking on the verification link that is sent to your inbox
  • Step 4: Wait for approval, as the BlackBull Markets team reviews your application
  • Step 5: Fund your account

Start trading crypto.

Is My Crypto Safe on BlackBull?

BlackBull Markets follows superior security standards and encourages safe online behaviour for clients and employees. Since you trade crypto CFDs, you do not own any cryptocurrency, so there is no risk of the asset being stolen. To keep the accounts of traders safe, BlackBull Markets sends them emails solely from their domain and contacts them only using phone numbers from New Zealand. Their website carries an SSL certificate, and their connection is encrypted.

Regulation & Security

Country of the RegulatorName of the RegulatorLicence Number
New ZealandFMA – Financial Markets AuthorityFSP403326
SeychellesFSA – Financial Services AuthoritySD045

Customer Service

Customer Support
Days Monday to Friday
Hours 24/7
Live Chat check
Email check
Phone check
Supported Languages English
How fast was customer support when we tried? Fast

Why Should I Use BlackBull?

Apart from being a licensed and regulated broker, BlackBull Markets is a good choice for tech-savvy traders. There are lots of tools that can be integrated seamlessly to power your trading. You can trade up to 11 major cryptocurrencies and have 24/7 dedicated support in different languages. There are several trading platforms to choose from and new traders can begin with copy trading. Depending on the account you choose, the spreads may be as low as 0.0 pips. Both novice and expert traders can benefit from their educational resources.

Lightning-fast execution of orders and many payment methods add to the experience. BlackBull Markets also offers Islamic Financial Law compliant accounts.

Conclusion

BlackBull Markets is an award-winning and regulated broker that offers a host of tools and platforms to profile the maximum support and flexibility to traders. They are a good choice for those looking for a broker that facilitates ECN crypto CFD trading with tight spreads. BlackBull Markets also offers multilingual support, which is available 24/7.

FAQs

  • Is BlackBull Markets regulated?
    Yes. BlackBull Markets is regulated by the Financial Markets Authority (FMA) in New Zealand and the Financial Services Authority (FSA) in Seychelles.
  • Is BlackBull Markets legit?
    Yes, BlackBull Markets is legit. It is regulated by the Financial Markets Authority (FMA) in New Zealand and the Financial Services Authority (FSA) in Seychelles and is incorporated as a limited liability company in New Zealand and the UK. It services traders from around the world.
  • Can you trade crypto on BlackBull?
    Yes, you can trade 11 major cryptocurrencies on BlackBull Markets through CFDs.
  • Is BlackBull good for crypto?
    Yes, Blackbull is good for trading crypto. You can learn about crypto trading from various educational resources offered by BlackBull Markets and choose from multiple platforms and tools to power your trading decisions. Since they offer CFD trading, there’s no risk of losing your cryptos.
  • Is BlackBull the best crypto broker for beginners?
    Blackbull Markets is a great crypto broker for beginners. It offers a host of educational resources, has an extensive FAQ section, and offers 24/7 customer support in multiple languages. The platforms are user friendly and can be connected easily to receive signals and market insights. They also offer copy trading, which allows you to automatically copy positions opened and managed by the experts you choose.
  • Can you exchange crypto on BlackBull?
    No, since BlackBull offers trading in crypto CFDs, you cannot exchange cryptocurrencies on this platform.
  • How much money do I need to start trading with BlackBull?
    At BlackBull, you can open an ECN Standard account with a minimum deposit of US$0, an ECN Prime account with US$2,000 or an ECN Institutional account with US$20,000. You can begin crypto trading with as little as US$10.
  • Why is crypto cheaper at BlackBull?
    Crypto is cheaper to trade at BlackBull because BlackBull Markets has relatively tight spreads on crypto. Moreover, there is no deposit fee, inactivity fee, or account fee.
  • Can I withdraw my crypto from BlackBull?
    You cannot withdraw crypto from BlackBull Markets because you do not own any crypto directly with BlackBull, nor can crypto be used as a base account currency.  
  • How do I sell my crypto on BlackBull?
    You can neither buy nor sell cryptos on BlackBull, because this broker only offers trading in crypto CFDs.
author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.