BlackBull Markets Review 2026
A licensed kitchen with real, checkable paperwork.
BlackBull Markets opened its doors in 2014 and cooks as a regulated CFD broker, carrying FMA licence FSP403326.
What's on the menu
BlackBull Markets has been serving since 2014, with the kitchen based in Auckland, New Zealand. The firm is privately held. The order book runs deep: 26,000 CFD instruments spanning forex, indices, commodities and crypto. Everything here is a contract for difference, so you are trading the price move, not owning the underlying dish.
MetaTrader comes plated on every account type. There is no copy-trading option here.
| Founded | 2014 |
| Headquarters | Auckland, New Zealand |
| Instruments | 26,000+ |
| Platforms | MT4, MT5, TradingView, cTrader |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | No |
| Real stocks | No, CFDs only |
Kitchen inspection: is BlackBull Markets safe?
The Seychelles FSA is an offshore regulator. It requires broker registration and basic conduct rules, but does not offer the same client protections as the FCA, CySEC, or ASIC. There is no compensation scheme and leverage limits are not imposed.
| Regulator | Licence | Entity |
|---|---|---|
| FMA | FSP403326 ✓ | BlackBull Ltd |
| FSA | SD045 ✓ | BlackBull Markets Ltd |
Want to inspect the kitchen yourself? Pull up investingchef.com and look up the FMA licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
BlackBull Markets - FMA regulated, min deposit None, 26,000+ instruments.
Ingredient costs: BlackBull Markets spreads
Here is what the raw ingredients cost on a standard BlackBull Markets account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| EUR/USD | From 0.0 (ECN) + commission pips |
| GBP/USD | 0.3 pips pips |
| USD/JPY | 0.1 pips pips |
| Gold (XAU/USD) | 15c/oz |
| S&P 500 | 0.4pt |
That EUR/USD figure of From 0.0 (ECN) + commission pips carries a bit more markup than the ECN-first kitchens, though it is normal fare for a table with no per-trade commission.
The bill: BlackBull Markets withdrawal fee and timing
Cost to take money out: None. BlackBull Markets does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
How long it takes: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at BlackBull Markets depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| BlackBull Ltd | FMA FSP403326 | None | 1:500 |
| BlackBull Markets Ltd | FSA SD045 | None | 1:500 |
BlackBull Markets vs RoboForex
| BlackBull Markets | RoboForex | |
|---|---|---|
| Primary regulator | FMA FSP403326 | FSC 000138/210 |
| Min deposit | None | $10 |
| EUR/USD spread | From 0.0 (ECN) + commission pips | From 0.0 |
| MetaTrader | Yes | Yes |
| Instruments | 26,000+ | 12,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | Varies |
Both kitchens hold real licences, so neither is a bad table. Pull up a chair at BlackBull Markets if you value MetaTrader and running algorithms. RoboForex plates up better for anyone who leans on its particular regulated-entity coverage.
The licences, line by line
| FMA | FSP403326, BlackBull Ltd |
| FSA | SD045, BlackBull Markets Ltd |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:500 on the major forex pairs. The offshore entity will pour up to 1:500, but that comes with a lighter seal of protection.
What tastes good, what leaves a bad aftertaste
Cooked well
- FMA regulated
- No minimum deposit
- MetaTrader 4 and 5 available
- No inactivity fee
- Tight EUR/USD spread from 0 pips
- 26,000+ instruments
Sent back
- No tier-1 regulator (FCA/ASIC/CySEC), offshore entity only
- No copy trading
- No real stock ownership, CFDs only
Compare BlackBull Markets before you commit
4.0/5 rating - FMA regulated - min deposit None
The verdict
Nothing on the plate here is fake: BlackBull Markets is a genuine, regulated broker, and FMA licence FSP403326 checks out on the public register. The table is set best for traders who want MetaTrader served on a regulated platform. We rate it 4.0 out of 5.
Other tables worth a look
If BlackBull Markets is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is BlackBull Markets safe?
The Seychelles FSA is an offshore regulator. The kitchen holds FMA licence FSP403326, and you can confirm it for yourself on the official register.
What is the BlackBull Markets minimum deposit?
The cover charge is None at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the BlackBull Markets EUR/USD spread?
On a standard BlackBull Markets account the EUR/USD ingredient runs about From 0.0 (ECN) + commission pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
How long does BlackBull Markets take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does BlackBull Markets charge withdrawal fees?
None. BlackBull Markets does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does BlackBull Markets have MetaTrader?
Yes. Both MT4 and MT5 are on the menu across every account type, so automated strategies, custom indicators and expert advisors are all on the table.