Who is the CEO of BlackBull Markets?
Michael Walker - BlackBull Markets | LinkedIn.
BlackBull Markets was founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman.
About BlackBull Markets
Founded in 2014, BlackBull Markets is a forex and CFD broker headquartered in New Zealand. The broker has been fully authorized by the Financial Markets Authority (FMA) in New Zealand since 2020, and registered on the Financial Services Provider Register (FSPR) since the end of 2014.
Our brokerage experts have determined that BlackBull Markets is a fully regulated broker, overseen in New Zealand, Seychelles. We gathered all the information on the regulatory profile of BlackBull Markets and will explain why this matters.
BlackBull Markets offers active traders access to a Virtual Private Server subscription that includes dedicated hosting, located in New York, London, or Japan, with close physical proximity to our own trading servers for optimal execution speeds.
BlackBull Markets requires a minimum initial deposit of US$0 to open a Standard account, US$2,000 to open a Prime account, and US$20,000 to open an Institutional account. Once the initial deposit has been made, you account balance can go below the minimum deposit amount. Subsequent deposit sizes are at your discretion.
BlackBull Markets will not accept clients: From OFAC-sanctioned countries. From the United States of America (USA)
If you wish to change account type, email support@blackbull.com or talk to our live support staff. How is commission charged for a Prime Account? Commission is calculated at US$3 per US$100,000 traded (US$6 for a standard round turn). E.g., if you trade 0.01 lots, round-turn commission will be US$0.06.
BlackBull Markets was founded in 2014 out of a desire to provide retail investors with the same experiences and resources typically enjoyed by institutional investors.
| Method | Processing Time | Supported Currencies |
|---|---|---|
| Bank Transfer | 1-3 business days | Multi-currencies |
| Airtm | up to 24 hrs | Multi-currencies |
| Crypto | Instant on approval | BTC, ETH, USDT, USDC, XRP, LTC, LINK, BCH, XLM |
| Neteller | Instant on approval | Multi-currencies |
How do I withdraw from BlackBull Markets?
In addition to bank transfer, BlackBull Markets also allows you to withdraw funds to a debit or credit card. Many brokers don't offer this option, so this is a definite plus for BlackBull Markets. Whatever methods you use, you may only withdraw money to bank accounts, cards or wallets that are in your name.
Our clients have access to up to 500:1 leverage with ultra-tight spreads from as low as 0.0 pips.
BlackBull Markets offers negative balance protection for some of its retail clients. Those outside eligible areas must meet conditions or do without protection. If you're not covered, set up stop-loss orders to limit losses on your trades. In times of extreme volatility, reduce trade size or leverage (if allowed).
Unfortunately no, BlackBull Markets is not regulated by the FCA. But BlackBull Markets is considered reliable as it is regulated by the top-tier FMA in New Zealand.
BlackBull Markets is a no dealing desk broker. This means that there is zero conflict of interest as we are not market makers. As such, our clients receive the most accurate representation of the true value of the market, in conjunction with our aggregation software, we offer the lowest bid-ask spreads.
BlackBull Markets have no minimum withdrawal requirements or withdrawal frequency restrictions. Are there any fees associated with withdrawing funds? Due to the manual nature of the withdrawal process, we charge a flat $5 fee for withdrawals.
There is no account or deposit fee, however, withdrawal carries a price tag. $5 (or 5 units in any other account currency) per withdrawal for credit/debit cards or electronic wallets. $20 (or 20 units in any other account currency) per withdrawal for bank transfers.
We are a True ECN (Electronic Communication Network), bridging our clients directly to the markets without any internal dealing desks. ECN liquidity is integral to the service offered by BlackBull Markets.
Trading Accounts
The Prime account requires a minimum deposit of $2,000 and offers raw spreads from 0.0 pips, a commission of $6 per lot per side, and a maximum leverage of 1:500. Both accounts allow hedging, scalping, and expert advisors.
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How do I deposit BlackBull?
- How to deposit funds to your account?
- Deposit funds into your trading account in three easy steps with multiple local payment methods.
- Select. Wallet. Select the account you want to deposit funds and click 'ADD FUNDS' Select. Method. Select the payment method by which you want to make the deposit. Specify. Amount.
When a broker puts a borrower in touch with a bank, and the borrower's mortgage application is approved, the bank will pay the broker a commission. For as long as a borrower keeps their mortgage with a bank, the broker that arranged the loan will keep receiving a smaller ongoing commission, known as “trail” commission.
The standard commission for full-service brokers today is between 1% to 2% of a client's managed assets.
Brokerage fees are any commissions or fees that your broker charges you. Also called broker fees, they are generally charged if you buy or sell shares and other investments, or complete any negotiations or delivery orders. Some brokerages also charge fees for consultations.
BlackBull Markets's deposit and withdrawal services are great. Several base currencies are available, there are numerous options for moving your money, and there is no deposit fee. However, the broker charges a fee on withdrawals.
