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Black Bull 　　

Black Bull | 2024-01-02 16:50

Resumo：Black Bull, founded in New Zealand in 2014, is a trading platform offering a diverse array of assets, including over 26,000 tradable instruments in Forex, Commodities, Equities, Crypto, and Indices. With a maximum leverage of up to 1:500 and competitive spreads, it is suitable for traders of varying experience levels. However, its regulatory status as a “Suspicious Clone” flagged by the Seychelles Financial Services Authority (FSA) and the Financial Service Providers Register (FSPR) in New Zealand raises questions about its legitimacy, prompting caution among potential users.

Aspect	Information
Company Name	Black Bull
Registered Country/Area	New Zealand
Founded Year	2014
Regulation	Suspicious Clone by the FSA and FSPR
Market Instruments	Forex, Commodities, Equities, Crypto, Indices
Account Types	ECN Standard, ECN Prime, ECN Institutional
Minimum Deposit	0
Maximum Leverage	Up to 1:500
Spreads	From 0.8 (ECN Standard), From 0.1 (ECN Prime), From 0.0 (ECN Institutional)
Trading Platforms	TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader, BlackBull Shares
Customer Support	Phone: New Zealand: +64 9 558 5142 New Zealand Free: 0800 BB Markets Cyprus: +357 22 279 444 United Kingdom: +44 207 097 8222 France: +33 184 672 111 México: +52 338 526 2705 Argentina: +54 113 986 0543 Emails: Support: support@blackbull.com Compliance: compliance@blackbull.com Introducing Broker Queries: partners@blackbull.com
Deposit & Withdrawal	Visa, Mastercard, FasaPay, UnionPay, Neteller, Skrill, Bank Transfer
Educational Resources	Education Hub, Forex Tutorials, Shares Tutorials, Commodities Tutorials, Cryptocurrency Tutorials, Webinars, Market Reviews, Economic Calendar, Demo Trade

Overview of Black Bull

Black Bull, founded in New Zealand in 2014, is a trading platform offering a diverse array of assets, including over 26,000 tradable instruments in Forex, Commodities, Equities, Crypto, and Indices. With a maximum leverage of up to 1:500 and competitive spreads, it is suitable for traders of varying experience levels.

However, its regulatory status as a “Suspicious Clone” flagged by the Seychelles Financial Services Authority (FSA) and the Financial Service Providers Register (FSPR) in New Zealand raises questions about its legitimacy, prompting caution among potential users.

Is Black Bull legit or a scam？

Black Bull, identified as a Suspicious Clone by the Seychelles Financial Services Authority (FSA), operates with a Retail Forex License under license number SD045. The regulatory status categorizing it as a “Suspicious Clone” indicates potential fraudulent activities or unauthorized use of the name. The Seychelles FSA, as the regulatory authority, oversees financial activities to ensure compliance with established standards.

Pros and Cons

Pros	Cons
26,000+ Tradable Assets	Flagged as a Suspicious Clone
Leverage up to 1:500	Commission Fees Charged for Some Account Types
24/7 Customer Support
$0 Minimum Deposit
0 Spreads from Pips

Pros

26,000+ Tradable Assets: Black Bull offers an extensive range of over 26,000 tradable assets, covering Forex, Commodities, Equities, Crypto, and Indices. This diversity allows traders to build a well-rounded and versatile investment portfolio.
Leverage up to 1:500: The platform provides maximum leverage of up to 1:500 across its trading account types (ECN Standard, ECN Prime, and ECN Institutional). Higher leverage allows traders to amplify their positions, potentially increasing profits with a smaller capital investment.
24/7 Customer Support: Black Bull ensures comprehensive customer support, available 24/7. This accessibility provides traders with assistance and guidance whenever they need it, fostering a responsive and user-friendly trading environment.
$0 Minimum Deposit:The platform offers a $0 minimum deposit across all account types. This inclusive approach accommodates a broad range of traders, making it accessible for beginners or those with diverse capital constraints to start trading.
Spreads from 0 Pips: Black Bull provides competitive spreads, starting from 0 pips. Low spreads enhance cost-effectiveness for traders, reducing the overall expenses associated with their transactions.

Cons

Flagged as a Suspicious Clone: Black Bull has been identified as a Suspicious Clone by regulatory authorities, including the Seychelles Financial Services Authority (FSA) and the Financial Service Providers Register (FSPR) in New Zealand.
Commission Fees Charged for Some Account Types: While the ECN Standard account features no commission fees, the ECN Prime and ECN Institutional accounts incur commission charges of US$6.00 and US$4.00 per lot, respectively. This commission structure may impact the cost-effectiveness for certain traders depending on their preferred account type and trading volume.

Market Instruments

Black Bull offers a diverse range of tradable assets with over 26,000 instruments available for trading. These assets encompass various categories, including Forex (foreign exchange), Commodities, Equities, Crypto (cryptocurrencies), and Indices.

In the Forex category, users have access to over 70 major, minor, and exotic currency pairs, enabling them to engage in the dynamic foreign exchange market.

The platform also facilitates trading in Commodities, encompassing energies like crude oil and agricultural cash crops. This includes opportunities to speculate on price movements in these essential commodities, contributing to a well-rounded portfolio.

Additionally, Black Bull allows traders to invest in Equities, featuring shares of prominent US companies such as Tesla, Apple, and Netflix, providing exposure to the performance of individual stocks.

For those interested in broader market trends, Indices form a crucial asset category, including major stock indices like US30, S&P500, and NAS100. Traders can leverage these indices to gain insights into the overall market sentiment and make informed investment decisions.

Lastly, the platform offers exposure to Metals, allowing users to trade precious and industrial metals like gold, silver, and copper, further diversifying their investment strategies.

The inclusion of these asset classes contributes to a versatile trading experience on Black Bull.

Account Types

Black Bull provides three distinct options for traders with varying levels of experience and financial preferences. Each account type—ECN Standard, ECN Prime, and ECN Institutional—comes with its own set of features, including spreads, commissions, minimum deposits, and additional perks.

The ECN Standard account is tailored for traders who are at the initial stages of their trading journey. With spreads starting from 0.8, this account type offers a relatively accessible entry point with no commission charges. The minimum deposit requirement is set at US$0, making it suitable for those looking to start trading with a minimal financial commitment. Traders opting for ECN Standard can benefit from the Equinix Server located at NY4/LD5, providing a robust trading environment.

For traders with more experience, the ECN Prime account offers tighter spreads, starting from 0.1, accompanied by a commission of US$6.00 per lot. The minimum deposit requirement is set at US$2,000, indicating a step-up in financial commitment compared to the ECN Standard. This account type is suitable for those seeking a balance between cost-effectiveness and more advanced trading conditions. The inclusion of the Equinix Server at NY4/LD5 further enhances trade execution efficiency.

The ECN Institutional account is designed for high-volume traders, featuring the tightest spreads, starting from 0.0, with a commission of US$4.00 per lot. With a significant minimum deposit requirement of US$20,000, this account type is tailored for institutional clients or traders with substantial capital. The availability of custom options provides flexibility for traders with specific requirements. While offering up to 1:500 leverage, the ECN Institutional account does not provide a swap-free option, making it more suitable for experienced traders comfortable with these trading conditions.

Trading Account Types	ECN Standard	ECN Prime	ECN Institutional
Spreads	From 0.8	From 0.1	From 0.0
Commission	No commission	US$6.00 per lot	US$4.00 per lot
Minimum Deposit	US$0	US$2,000	US$20,000
Equinix Server	NY4/LD5	NY4/LD5	Custom Options
Minimum Trade Size	0.01 lots	0.01 lots	0.01 lots
Leverage	Up to 1:500	Up to 1:500	Up to 1:500
Swap Free	Available	Available	Not Available

How to Open an Account？

Here is a step-by-step guide for account opening on Black Bull:

Complete Application:

Fill out your personal details accurately on our fast and secure application form. Provide the necessary information required for account creation.

2. Confirm Email:

After submitting your application, check your email for a verification link. Click on the link provided in the email we send you to confirm your email address.

3. Wait for Approval:

Your application will be promptly reviewed and approved by our dedicated team. This step ensures that all provided information meets the necessary requirements.

4. Fund Your Account:

Once your application is approved, proceed to fund your trading account. Choose from our range of zero-fee funding methods, which may include options such as bank transfers, credit cards, and other secure payment methods.

5. Start Trading:

With your account funded and approved, you can commence trading on our platforms immediately. Explore the features and tools offered on our trading platforms and initiate your trading activities with confidence.

Leverage

Black Bull offers a maximum leverage of up to 1:500 across its trading account types, including ECN Standard, ECN Prime, and ECN Institutional.

This leverage ratio signifies the extent to which traders can amplify their positions in the market, allowing them greater exposure with a relatively smaller amount of capital. The 1:500 maximum leverage provided by Black Bull reflects the flexibility for traders to choose their preferred level of risk and exposure in line with their individual trading strategies.

Spreads & Commissions

Black Bull offers varying spreads and commissions across its diverse trading account types.

The ECN Standard account features spreads starting from 0.8, making it suitable for traders who prioritize cost-effectiveness. This account type operates on a no-commission model, providing traders with the advantage of straightforward fee structures without additional charges per lot.

For traders seeking lower spreads and enhanced trading conditions, the ECN Prime account offers spreads from 0.1. While this account incurs a commission of US$6.00 per lot, the tighter spreads can be appealing to those who prioritize minimized trading costs over commission-free models.

The ECN Institutional account, with spreads starting from 0.0, caters to high-volume traders. Although this account imposes a commission of US$4.00 per lot, the institutional-grade features and ultra-low spreads are designed to accommodate sophisticated trading strategies and larger trading volumes.

Trading Platform

Black Bull offers a variety of trading platforms, including:

TradingView:

TradingView allows users to trade directly on the platform, positioning itself as a prominent charting and social platform globally. With an emphasis on providing an extensive charting toolkit and a social community, it caters to traders looking for an integrated trading and analysis environment.

MetaTrader 4:

MetaTrader 4 (MT4) is recognized as one of the most popular trading platforms globally. Renowned for its user-friendly interface, MT4 appeals to a broad range of traders. It offers a comprehensive set of tools for technical analysis and automated trading strategies, making it suitable for both beginners and experienced traders.

MetaTrader 5:

MetaTrader 5 (MT5) is positioned as a powerful and premier trading platform. Building on the success of MT4, MT5 introduces additional features and tools, catering to traders who seek advanced functionality. It is suitable for those wanting a more sophisticated and versatile trading experience.

cTrader:

cTrader aims to provide institutional trading conditions. Known for its user-friendly interface, cTrader offers advanced charting tools and order execution capabilities. It targets traders who prefer a straightforward and intuitive trading platform with access to institutional-grade conditions.

BlackBull CopyTrader:

BlackBull CopyTrader is designed for users interested in copy trading strategies. It allows traders to either copy trades from successful investors or lead followers by sharing their own trading strategies. This platform appeals to individuals seeking a social trading experience.

BlackBull Shares:

BlackBull Shares expands the trading options by providing access to over 26,000 shares and equities from more than 80 global markets. This platform suits traders interested in diversifying their portfolios with a wide range of global equities.

Deposit & Withdrawal

Black Bull provides traders with several payment methods, including Visa, Mastercard, FasaPay, UnionPay, Neteller, Skrill, and bank transfer. This diverse range accommodates varying preferences, allowing users flexibility in managing their financial transactions.

In terms of minimum deposit requirements, Black Bull offers an inclusive approach with a minimum deposit of US$0 across all account types. This accessible minimum deposit accommodates a broad range of traders, making it feasible for those starting their trading journey or with diverse capital constraints to initiate their engagement with the platform.

The availability of popular payment methods and a low entry threshold contributes to a user-friendly environment, facilitating a start for clients with Black Bull.

Customer Support

Black Bull provides comprehensive customer support with a 24/7 coverage, ensuring assistance is available whenever needed. Traders can reach out to the support team for any inquiries or assistance they may require.

Email Support:

Traders can contact the support team via email at support@blackbull.com. This provides a written channel for detailed queries.

Live Chat:

Utilize the live chat feature for real-time interaction with the support team. This allows for quick responses and immediate assistance during active trading hours.

Phone Support:

New Zealand: +64 9 558 5142
New Zealand Free: 0800 BB Markets
Cyprus: +357 22 279 444
United Kingdom: +44 207 097 8222
France: +33 184 672 111
México: +52 338 526 2705
Argentina: +54 113 986 0543
Black Bull offers phone support in various regions, providing local and toll-free numbers for easy accessibility.

Department-Specific Emails:

Support: support@blackbull.com
Compliance: compliance@blackbull.com
Introducing Broker Queries: partners@blackbull.com
Traders can direct their queries to specific departments through dedicated email addresses.

This multi-channel approach ensures that traders can choose the most convenient method for seeking assistance and addresses a variety of needs through different contact options.

Educational Resources

Black Bull offers a range of educational resources to support traders in enhancing their knowledge and skills:

Education Hub: The Education Hub covers various tutorials in different asset classes, providing valuable insights for traders looking to understand Forex, Shares, Commodities, and Cryptocurrency markets.
Forex Tutorials: Specifically tailored tutorials focusing on Forex trading, helping traders grasp fundamental concepts and strategies in the foreign exchange market.
Shares Tutorials: Tutorials dedicated to Shares trading, offering guidance on trading equities from various global markets.
Commodities Tutorials: Comprehensive tutorials covering Commodities trading, including insights into the dynamics of trading energy, agricultural products, and metals.
Cryptocurrency Tutorials: Tutorials designed to educate traders about the unique aspects of trading cryptocurrencies, exploring this emerging asset class.
Webinars: Live and recorded webinars provide an interactive platform for in-depth discussions, market insights, and expert perspectives on various trading topics.
Market Reviews:Regular market reviews offer a summary of recent market developments, helping traders stay informed about critical events that may impact their trading decisions.
Economic Calendar:Access to an Economic Calendar, aiding traders in tracking and understanding key economic events and announcements that can influence financial markets.
Demo Trade: A demo trading feature allows traders to practice their skills in a risk-free environment, utilizing virtual funds to simulate real market conditions.

Conclusion

In conclusion, Black Bull offers a comprehensive trading experience with a diverse range of market instruments, including Forex, Commodities, Equities, Crypto, and Indices. The platform provides flexibility through various account types, accommodating traders at different experience levels. With a $0 minimum deposit for the ECN Standard account and leverage up to 1:500, Black Bull caters to a broad audience, allowing both novice and experienced traders to engage in the financial markets.

However, it's crucial to note the regulatory flags attached to Black Bull, as identified by the FSA and the FSPR in New Zealand. Additionally, while the platform offers 24/7 customer support and a variety of educational resources, the presence of commission fees for certain account types might be a consideration for cost-conscious traders. Despite these considerations, Black Bull's platform diversity and accessibility may appeal to traders seeking a versatile trading environment.

FAQs

Q: What trading account types does Black Bull offer？

A: Black Bull provides three account types: ECN Standard, ECN Prime, and ECN Institutional, catering to traders with varying experience levels and preferences.

Q: What is the minimum deposit required to open an account with Black Bull？

A: The minimum deposit varies based on the account type, starting from $0 for ECN Standard, $2,000 for ECN Prime, and $20,000 for ECN Institutional.

Q: Are there commission fees on Black Bull's platform？

A: Yes, there are commission fees for ECN Prime and ECN Institutional accounts, while the ECN Standard account operates on a no-commission model.

Q: How many tradable assets are available on Black Bull？

A: Black Bull offers over 26,000 tradable assets, including Forex, Commodities, Equities, Crypto, and Indices.

Q: What is the maximum leverage offered by Black Bull？

A: Black Bull provides a maximum leverage of up to 1:500 across all its trading account types.

Q: What trading platforms are available on Black Bull？

A: Black Bull offers multiple trading platforms, including TradingView, MetaTrader 4, MetaTrader 5, cTrader, BlackBull CopyTrader, and BlackBull Shares.