BlackBull Markets Review
BlackBull Markets offers over 26,000 instruments tradable with 9 different platforms. Colombians can start trading without any deposit. BlackBull Markets is known for its cutting-edge technology and competitive prices. The broker is regulated in Seychelles.
- Maryke Myburgh
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Min Deposit
USD 50
Regulators
FMA, FSA
Trading Desk
MT4, MT5, WebTraer, FIX, API
Crypto
Yes
Total Pairs
64+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Established in 2014 in Auckland, New Zealand, BlackBull Markets has grown to become a well-known online trading brand. Their combination of cutting-edge technology, reasonable prices, and a genuine desire to please their customers distinguishes them from competitors.
We believe BlackBull Markets is an excellent choice for traders seeking a dependable, user-friendly platform with global reach and local support. They stand out in the highly competitive brokerage industry by emphasizing innovation and customer satisfaction.
BlackBull Markets’ commitment to localizing its services particularly appeals to Colombian traders. The company’s multilingual website and customer service allow trading platform users to navigate and receive support in their native language easily.
This broker offers trading options such as forex, commodities, indices, and cryptocurrencies. Their trading systems are tailored to novice and experienced traders to assist Colombian clients in making informed decisions.
BlackBull Markets provides a variety of funding options and account types that are specifically tailored to the needs of Colombian clients. This includes support for local bank transfers and common Colombian payment methods.
Traders should understand that choosing a broker is a personal decision and that our review is solely for informational purposes.
Based on our thorough analysis, BlackBull Markets is an excellent choice for traders in Colombia. However, before deciding, we recommend carefully considering and comparing your options.
Can Colombians trade more than one instrument with BlackBull Markets?
Yes, BlackBull Markets offers several trading instruments, like forex, commodities, indices, and cryptocurrencies.
Can Colombians access more trading platforms with BlackBull Markets than just the MetaTrader ones?
Yes, BlackBull Markets provides several trading platforms besides MetaTrader 4 and MetaTrader 5, like TradingView, cTrader, WebTrader, and BlackBull CopyTrader.
BlackBull Markets Review At a Glance
| 🗓Established Year | 2014 |
| 🪪Regulation and Licenses | FSA, FMA |
| 🌟Ease of Use Rating | 3/5 |
| 💰Bonuses | None |
| ⏰Support Hours | 24/7 |
| 📊Trading Platforms | TradingView, cTrader, MetaTrader 5, MetaTrader 4, WebTrader, BlackBull CopyTrader, BlackBull Invest, ZuluTrade, Myfxbook |
| 📈Account Types | ECN Standard, ECN Prime, ECN Institutional |
| 💸Base Currencies | USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY. ZAR |
| 📊Spreads | From 0.1 pips EUR/USD |
| 📈Leverage | Up to 1:500 |
| 💳Currency Pairs | 60+; major, minor, and exotic pairs |
| 💰Minimum Deposit | 0 COP ($0) |
| 💸Inactivity Fee | None |
| 🗣Website Languages | English |
| ⚖️Fees and Commissions | Spreads from 0.1 pips, commissions from $6 per standard lot, round turn |
| 📚Affiliate Program | Yes |
| 🏛️Banned Countries | United States, Canada |
| 💻Scalping | Yes |
| 🔎Hedging | Yes |
| ✴️Trading Instruments | Forex, shares, commodities, futures, indices |
| 👉 Open Account | Open Account |
Regulation and Safety of Funds
BlackBull Markets’ Regulation in Colombia
BlackBull Markets is not regulated by Colombia’s Superintendencia Financiera de Colombia or “SFC” (Financial Superintendence of Colombia). Other BlackBull Markets’ global regulations are listed in the table below:
Global Regulations
| 🏛️Registered Entity | 🌎Country of Registration | 🔎Company reg. | 🔎Regulatory Entity | 📈Tier | 🪪License Number/Ref |
| Black Bull Group Limited | New Zealand | 5463921 | FMA | 1 | FSP 403326 |
| BBG Limited (BlackBull Markets) | Seychelles | – | FSA | 3 | SD045 |
Protection of Client Funds
| 🛡️Security Measure | 🖺Information |
| Segregated Accounts | Yes, ANZ Bank New Zealand |
| Compensation Fund Member | No |
| Compensation Amount | None |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
Awards and Recognition
On the BlackBull Markets website, we found several accolades for BlackBull Markets:
- Global Forex Awards’ Fastest Execution Speed category in 2023.
- Best in Class for Offering Investments prize in 2023 at the Finance Magnates Awards.
- Finalist for the Excellence in International Trade award in 2022.
- Best ECN Forex Broker by the Finance Magnates Awards in 2022.
Where does BlackBull Markets keep the deposits from Colombian clients?
BlackBull Markets keeps clients’ money in segregated ANZ Bank New Zealand accounts.
How will I know that BlackBull Markets maintains compliance with the regulatory rules applicable to it?
BlackBull Markets needs to conduct audits frequently to satisfy the relevant regulatory agencies.
Account Types
The accounts that BlackBull Markets provides are extremely simple to use. Depending on their level of trading experience, the broker assigns each type of trader a dedicated retail account. Let us look at each account type and the benefits for traders in Colombia:
| ECN Standard | ECN Prime | ECN Institutional | |
| ⚖️Availability | All; ideal for casual traders | All; Ideal for experienced traders and scalpers | Ideal for professional and institutional traders |
| 📈Markets | All | All | All |
| 💳Commissions | None | $6 per round turn | Flexible |
| 💻Platforms | All | All | All |
| 📊Trade Size | From 0.01 lots | From 0.01 lots | From 0.01 lots |
| 📈Leverage | 1:500 | 1:500 | Flexible |
| 💰Minimum Deposit | 0 COP ($0) | $2 000 (7.7 million COP) | $20 000 (77.1 million COP) |
BlackBull Markets ECN Standard
We discovered that this account is ideal for Colombians who want to start trading without committing a large sum of money upfront, as no minimum deposit is required.
The ECN Standard account provides commission-free market access and is designed for occasional traders.
Colombians can start trading with 0.01 lots on this account, giving them more flexibility in position sizing. Because of the 1:500 leverage, traders can manage larger positions with less capital.
BlackBull Markets ECN Prime
Regular Colombian traders can benefit from narrower spreads using this account in exchange for a commission. For a $6 round turn fee, this account provides full market access and is intended for experienced traders and scalpers.
Like the ECN Standard account, trade sizes begin at 0.01 lots, allowing for precise risk management. Traders can maximize their trading potential using leverage ratios of up to 1:500.
Serious traders in Colombia may find the $2000 (7.7 million COP) minimum deposit required to open an ECN Prime account reasonable.
BlackBull Markets ECN Institutional Account
This account stands out for its adjustable commission structure, which can be negotiated (depending on the trader’s volume and activity) and allows high-volume traders to use a tailored pricing structure.
This customized trading experience is intended for professional and institutional traders. It provides access to all markets, and trading sizes start at 0.01 lots, just like other accounts.
Because leverage is flexible, expert traders can implement tailored risk management strategies. This high-end account is open to institutions and traders, with a minimum deposit of $20,000 (77.1 million COP).
BlackBull Markets Demo Account
BlackBull Markets offers a demo account to traders in Colombia who would like to try out different kinds of trading.
This demo account is more than just a tool; it boosts self-assurance. When you practice in a stress-free environment, you’ll be more capable of making wise decisions in the real trading environment.
It provides a risk-free environment where you can use virtual funds, ranging from $5,000 to $100,000, in conditions that replicate actual trading.
However, this is a 30-day journey into the trading world, not a warm-up. Whether you are a new trader looking to get a feel for the market or an experienced trader looking to improve your techniques, this demo account can be tailored to your specific requirements.
TradingView, cTrader, MetaTrader 4, and MetaTrader 5 are a few platforms to consider. You can also experiment with different trading methods, such as long-term strategies, scalping, or day trading.
BlackBull Markets Islamic Account
BlackBull Markets provides a unique Islamic Account option for Muslim traders who follow Sharia principles. This is more than just a surface-level offering; it represents a genuine commitment to promoting inclusivity in financial markets.
This account ensures that trades do not accrue interest overnight, as BlackBull Markets prioritizes Sharia compliance.
However, it is not solely focused on providing a “halal” option. BlackBull Markets creates an ideal environment for Muslim traders to thrive, providing cutting-edge tools, competitive spreads, and a wealth of educational resources.
Adopting Islamic finance principles demonstrates a commitment to inclusivity and equal access to financial opportunities, regardless of religious beliefs.
Broker Comparison
| 🥇 BlackBull Markets | 🥇 BDSwiss | 🥇 CMTrading | |
| 🗺️ Regulatation | FSA, FMA | CySEC, FSC, BaFIN, FSA, Mwali International Services Authority | FSA, FSCA |
| 💻 Trading Platform | TradingView cTrader MetaTrader 4 MetaTrader 5 WebTrader BlackBull CopyTrader BlackBull Invest ZuluTrade Myfxbook | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web | MetaTrader 4 CMTrading Web CopyKat |
| 💰 Withdrawal fee | Yes | No | Yes |
| 💳 Demo Trading Account | Yes | Yes | Yes |
| 💰 Minimum Deposit | 0 COP ($0) | 39,000 COP ($10) | 390,000 COP ($100) |
| 📊 Leverage | 1:500 | Up to 1:2000 | 1:200 |
| 💰 Spreads | From 0.1 pips | From 0.0 pips | From 0.9 pips |
| 🚀 Commissions | From $6 per lot | From $2 | None; only the spread is charged |
| 📊 Margin Call/Stop out | 75%/50% | 50%/20% | From 20% |
| 📊Order Execution | Instant/Market | Instant/Market | Market |
| ❌No-Deposit Bonus | No | No | No |
| 🪙Cent Accounts | No | Yes | No |
| 📒 Account Types | ECN Standard ECN Prime ECN Institutional | Cent Account Classic Account VIP Account Zero Spread Account | Bronze Account Silver Account Gold Account Premium Account |
| 🏛️SFC Regulation | No | No | No |
| 💰COP Deposits | No | No | No |
| 💻COP Account | No | No | No |
| 📞Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 💳Retail Investor Accounts | 3 | 4 | 4 |
| ☪️Islamic Account | Yes | Yes | Yes |
| 💰Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 pips |
| 💸Maximum Trade Size | 100 lots | 50 lots | Unknown |
| ⏰Minimum Withdrawal Time | Instant | Instant | Instant |
| ⏲️Maximum Estimated Withdrawal Time | 3 days | Within 24 hours | Up to 3 working days |
| 💳Instant Deposits and Instant Withdrawals? | Yes, both | Yes | Yes, deposits and withdrawals |
| 👉Open Account | Open Account | Open Account | Open Account |
What costs should I consider when trading with the BlackBull Markets ECN Prime account?
You should consider a $6 commission fee for each return lot when trading with the ECN Prime account.
What is unique about a so-called Islamic BlackBull Markets account?
No interest is accrued overnight on trades with the Islamic account to comply with Sharia laws.
How To Open a BlackBull Markets Account
BlackBull Markets’ registration process is extremely simple and quick. Colombians can register a retail account in just a few minutes by following the steps below:
Step 1 – Complete the application by filling out your details on the secure application form.
Step 2 – Confirm the email and check the verification link within the email sent and wait for approval
Step 3 –Your application will be reviewed and approved after this section has been completed.
- Upload a clear proof of address document (such as a utility bill or bank statement from the previous three months) and a valid government-issued identification document (a passport, driver’s license, or state ID).
- Choose a deposit method such as bank transfer, VISA, MasterCard, FasaPay, Neteller, Skrill, UnionPay, or PayPal, enter the desired deposit amount, and complete the payment process.
- Use your trading account information to access a web-based platform or download your preferred trading software from the BlackBull Markets website.
- Complete the verification process and include any additional files that BlackBull Markets requests. This procedure secures your account and ensures compliance with Anti-Money Laundering (AML) regulations.
- You can start trading as soon as your account is funded and verified.
Trading Platforms
BlackBull Markets ensures Colombian traders can access the trading platforms and technology required to give their trading a competitive advantage. Let us look at the trading software offered:
MetaTrader 4
MT4 is a well-known trading platform that requires little introduction. Even though it is not as flashy as other platforms, seasoned traders appreciate its extensive library of custom indicators and robust functionality.
The platform’s dependability and ability to automate trading techniques using Expert Advisors (EAs) impressed us greatly. Newcomer Colombian traders will appreciate MT4’s versatility and ease of use.
MetaTrader 5
MetaTrader 5 (MT5) improves technical and fundamental analysis tools while adding advanced financial trading features. We believe that integrating MT5’s economic calendar will benefit Colombian traders who want to keep track of global economic events.
BlackBull Markets’ addition of new instruments, faster execution rates, and support for more order types and periods make MT5 an excellent choice for diversifying their trading across multiple asset classes.
cTrader
For those looking for a more sophisticated and effective trading experience, cTrader is an excellent choice. We appreciated its sleek, modern design and sophisticated order types.
The platform’s responsiveness is also impressive. We discovered that this is required for quick trade execution in rapidly moving markets. Colombian traders who value accuracy and efficiency will find cTrader an effective platform.
TradingView
TradingView is reasonably priced, as BlackBull Markets provides serious traders free access to its premium plans based on trading volume. Colombian traders can stay ahead of market trends with up to 25 indicators per chart and 400 price alerts.
The site’s social trading features allow traders to improve their strategies by following and learning from their more experienced counterparts.
TradingView is an excellent platform for Colombian BlackBull Markets traders, with advanced charting tools and a thriving trading community.
ZuluTrade
ZuluTrade’s social trading features appealed to us because they connect Colombian traders to a global network of signal providers. The platform’s ranking system and risk management tools, such as ZuluGuard, offer additional security when deciding which traders to follow.
WebTrader
BlackBull Markets’ WebTrader provides a seamless trading experience that does not require any downloads. After reviewing it, we determined that its accessibility and convenience would be ideal for Colombian traders, particularly while traveling.
The platform provides real-time market data, advanced charting tools, and fast transaction processing.
BlackBull CopyTrader
BlackBull CopyTrader is a useful tool for Colombian traders who want to replicate and follow the trades of successful traders. We tested the platform and discovered it user-friendly, as you can choose from a list of top-performing traders.
The website provides traders with detailed performance indicators and risk profiles, allowing them to make informed decisions.
Colombians can benefit from other people’s experience by using CopyTrader’s partnership with BlackBull Markets, ensuring that transactions are completed as quickly and accurately as they were for the original trader.
BlackBull Invest
BlackBull Invest provides Colombian traders with a comprehensive investment platform with over 26,000 stocks, bonds, options, and ETFs. We believe that the site’s extensive market data and advanced research tools are invaluable in making informed investment decisions.
The platform’s intuitive interface and customizable watchlists make tracking and managing investments simple.
BlackBull Invest’s partnership with BlackBull Markets ensures that Colombian traders receive competitive pricing and prompt execution.
Myfxbook
Myfxbook provides sophisticated analysis tools and social trading communities to traders in Colombia.
Its comprehensive performance monitoring and automated trade analytics were useful for optimizing trading strategies. Colombian traders can use the tool to link their BlackBull Markets accounts and view their trading results right away.
Colombian traders have access to a variety of trading strategies, in addition to following signal providers and participating in community discussions.
BlackBull Markets Range of Markets
Colombian traders can easily build diversified portfolios because they can trade over 26,000 different instruments. To learn what you can trade with BlackBull Markets from Colombia, see the table below:
| 📊Instrument | 📜Number of Assets Offered | 📈Max Leverage Offered |
| Forex | 70 + | 1:500 |
| Shares | 26,000 + | 1:500 |
| Indices | 3 + | 1:500 |
| Commodities | 5 + | 1:500 |
| Futures | Not specified | 1:500 |
| Cryptocurrencies | 5 + | 1:500 |
BlackBull Markets Leverage and Margin
Throughout our review, we discovered that BlackBull Markets provides Colombian traders with competitive leverage options. BlackBull Markets allows Colombians to open an offshore account and use leverage of up to 1:500, and they can customize it to suit their needs.
BlackBull Markets’ margin requirements are negotiable and depend on several factors, including the traded instrument, account type, and general market conditions.
This suggests that traders should always monitor their margin balances, especially after breaking news or during market activity spikes. BlackBull Markets provides traders with clear margin calculation tools and real-time monitoring capabilities to help them manage their risks effectively.
Can I use a leverage ratio of more than 1:100 with BlackBull Markets?
Yes, you may be able to trade at a leverage ratio of 1:500 with BlackBull Markets.’ Still, you must remember that various factors determine it, including the traded instrument, account type, liquidity, and other conditions.
Can I trade the popular currency pairs with BlackBull Markets?
Yes, as BlackBull Markets offers more than 70 currency pairs, they most definitely include all popular pairs.
BlackBull Markets Fees
BlackBull Markets Spreads
BlackBull Markets caters to various trading preferences in Colombia by offering traders competitive spreads.
For example, the ECN Standard account is a good choice for new traders who want to keep their trading costs under control because it has spread as low as 0.8 pip. Experienced traders may prefer the ECN Prime account, which offers tighter spreads starting at 0.1 pip.
This makes it ideal for accurate trade execution and efficient expense control, especially for larger trades.
The ECN Institutional account, which has ultra-low spreads starting at 0.0 pips, is intended only for professional traders and institutions.
BlackBull Markets Commissions
Account types may also affect commission costs. The ECN Standard account offers commission-free trading, allowing inexperienced Colombian traders to keep their expenses under control.
The ECN Prime account, on the other hand, charges a $6 commission per lot round turn and is designed for traders with larger trading volumes and specific cost expectations.
BlackBull Markets Overnight Fees
Swap fees are calculated based on the differences in interest rates between currency pairs and are charged for holding positions overnight. BlackBull Markets provides clear information about these charges via platforms such as MT4 and MT5, which is critical for Colombian traders.
We discovered that Sharia-compliant traders have access to an Islamic option to maintain a swap-free account with no interest overnight.
BlackBull Markets Deposit and Withdrawal Fees
Several methods exist for making deposits and withdrawals, including e-wallets, credit/debit cards, and bank transfers. Colombian traders should be aware that fund deposits do not incur any fees.
However, you should be aware that there are withdrawal fees. Credit/debit cards and e-wallets are charged $5, while international bank transfers cost $20. The competitive nature of these fees allows Colombian traders to keep a larger portion of their profits.
BlackBull Markets Inactivity Fees
Accounts inactive for 12 months or longer are subject to a monthly fee of $10, which is standard industry practice. Traders in Colombia must be vigilant to avoid unexpected charges by regularly logging in and executing trades.
BlackBull Markets Currency Conversion Fees
Currency conversion fees may apply when trading instruments priced in a currency other than the account’s base currency. BlackBull Markets guarantees very competitive and transparent conversion rates.
To properly manage these fees, we urge Colombians to ensure that the account’s base currency corresponds to the main trading pairs. This allows you to save money on conversions while improving your overall strategy.
How much costs withdrawals for Colombian traders with BlackBull Markets?
To withdraw with a credit/debit card will cost you $5; for e-wallets, $20 applies to international bank transfers.
Which BlackBull Markets account provides the lowest spreads?
BlackBull Markets offers the lowest spread on its ECN Prime and Institutional accounts.
Min Deposit
USD 50
Regulators
FMA, FSA
Trading Desk
MT4, MT5, WebTraer, FIX, API
Crypto
Yes
Total Pairs
64+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
BlackBull Markets Deposits and Withdrawals
We liked the fact that BlackBull Markets offers Colombian traders a variety of deposit and withdrawal options. We are also impressed that instant deposits, withdrawals, and multi-currency options are available, as can be seen in this table:
| 💳Payment Method | 🌎Country | 🪙Currencies Accepted | ⏰Processing Time |
| Debit/Credit Card | All | Multi-currency | Instant |
| Use Pay | China | CNY | Instant |
| Skrill | All | Multi-currency | Instant |
| Poli | New Zealand | NZD | Instant |
| PaymentAsia | Thailand | THB | Instant |
| SEPA | All | EUR, GBP | Instant |
| Neteller | All | Multi-currency | Instant |
| HexoPay | Canada | CAD | Instant |
| Help2Pay | All | EUR, USD | Instant – 48 hours |
| FXPay | All | EUR, USD | Instant – 48 hours |
| Fasapay | All | USD | Instant – 48 hours |
| Crypto | All | USDT ERC-20, USDT TRC-20, BTC, ETH | Instant – 2 days |
| China Union Pay | All | Multi-currency | Instant |
| Boleto | Brazil | BRL | Instant |
| Beeteller | Brazil | BRL | Instant |
BlackBull Markets Deposits
How to Deposit using Bank Wire Step by Step
- Go to the “Deposit Funds” section.
- Choose “Bank Wire” as the mode of deposit.
- Copy the bank information that BlackBull Markets provided with great care.
- Use the copied data to initiate a bank transfer from your Colombian account.
- BlackBull Markets will credit your deposit to your trading account within 1-2 business days of receiving it.
How to Deposit using Credit or Debit Card Step by Step
- Select “Deposit Funds” from the Client Portal.
- Select “Debit/Credit Card” as the mode of deposit.
- Enter the desired deposit amount and your card information.
- After you confirm the transaction, you can trade with your funds immediately.
How to Deposit using Cryptocurrency Step by Step
- Choose “Crypto” as the method of deposit.
- Select the cryptocurrency you want (USDT, ERC-20, USDT TRC-20, Bitcoin, or Ethereum).
- You will be given a special wallet address to deposit your cryptocurrency.
- Proceed with the transfer from your personal crypto wallet.
- Once the blockchain verifies the transaction, the funds will be credited to your trading account.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Navigate to “Deposit Funds” in the Client Portal.
- Select your preferred e-wallet or payment gateway from the available options (Skrill, Neteller, etc.).
- Input the deposit amount as well as the e-wallet account details.
- Simply follow the instructions provided by your chosen payment method to complete the transaction.
- You should be able to trade with your money immediately.
BlackBull Markets Withdrawals
How to Withdraw using Bank Wire Step by Step
- Choose “Withdraw Funds” from your Client Portal.
- Choose “Bank Wire” as the mode of withdrawal.
- Input the desired withdrawal amount, as well as your bank account details.
- Verify the withdrawal request. Money typically reaches your bank account within a day or two.
How to Withdraw using Credit or Debit Cards Step by Step
- Open the Client Portal and go to the “Withdraw Funds” section.
- Select “Credit/Debit Card” as your preferred payment method.
- After entering the withdrawal amount, the transaction is confirmed.
- It usually takes a few business days to return the funds to your card.
How to Withdraw using Cryptocurrency Step by Step
- Navigate to “Withdraw Funds” in the Client Portal.
- Choose “Crypto” as the method of withdrawal.
- Choose your coin and withdrawal amount.
- To ensure that the money is returned, please provide the address for your cryptocurrency wallet.
- After blockchain confirmation, the withdrawal will be processed.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Select “Withdraw Funds” from the Client Portal.
- Select your preferred payment gateway or e-wallet.
- When you have confirmed your request, enter the withdrawal amount.
- Normally, money is returned directly to your e-wallet account.
Can Colombians deposit funds with an e-wallet to their BlackBull Markets account?
Yes, Colombian traders can deposit e-wallets to their BlackBull Markets account.
Is there a maximum amount that I can withdraw in a single request from BlackBull Markets?
No, there is no maximum withdrawal amount, but traders will have to give verification for very large amounts.
BlackBull Markets Education and Research
It was reassuring to learn that BlackBull Markets provides resources for intermediate and experienced traders and beginners. BlackBull Markets offers the following range of trading resources and tools to help Colombians make more informed trading decisions:
| 📅Economic Calendar | Yes |
| ➡️VPS | Yes |
| 📊AutoChartist | Yes |
| 📈Trading View | Yes |
| 📉Trading Central | No |
| 📜Market Analysis | Yes |
| 🖺News Feed | Yes |
| 📹Blog | Yes |
| 📕eBooks | No |
| 🎥Educational Videos | Yes |
| 🗣️Platform Tutorials | Yes |
| 🤳🏻Webinars | Yes |
| 💻Seminars | Yes |
| 🗣️Live Support | Yes |
As a Colombian trader, will I have access to market analysis with BlackBull Markets?
Yes, BlackBull Markets provides market analysis data to traders.
What can BlackBull Markets offer to help me understand the difference between trading platforms?
BlackBull Markets offers platform tutorials to learn and compare the different platforms.
Min Deposit
USD 50
Regulators
FMA, FSA
Trading Desk
MT4, MT5, WebTraer, FIX, API
Crypto
Yes
Total Pairs
64+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
BlackBull Markets Bonuses and Promotions
$250 Referral Bonus
We investigated the BlackBull Markets referral bonus and its rules and restrictions. We discovered that BlackBull Markets and potential clients can earn $250 for referring new clients.
There are some requirements, such as:
- To be eligible for this bonus, the referred customer must open a new live account through the referral link provided by the first person who referred them.
- The trader you send must deposit a minimum of $500 or $2,000.
- The referred trader must trade at least 5 or 20 foreign exchange lots, depending on the money they deposit.
- If they follow this within 90 days, each party will receive the bonus money. The bonus terms specify that you can receive the referral bonus from January 1 to December 31, 2024.
- Once eligibility is confirmed, the funds will be transferred automatically within 10 business days of the following month.
When would I qualify for BlackBull Markets' referral bonus?
The person you referred must sign up via the referral link and deposit at least $500 – $2,000. Then, they must also have executed a certain number of trades.
Does BlackBull Markets offer a no-deposit bonus?
No, BlackBull Markets only offers the referral bonus.
BlackBull Markets Affiliate Programs
BlackBull Markets, like most CFD and Forex brokers on the market, offers Colombians a highly profitable partnership program. Let us look at the features and steps that Colombians can take to qualify for the cost-per-action commission:
Features
BlackBull Markets’ affiliate program, BlackBull Partners, provides an excellent opportunity for financial professionals to earn money online.
They ensure each affiliate has a personal account manager who assists them and offers advice based on their specific requirements. We found it very refreshing that this partnership program encourages people to collaborate rather than simply do business with each other.
One of the program’s most appealing features is the potential for significant financial gain. As a CPA member, you can earn up to $1,000 for each client you bring in. In addition, you will receive 10% of the profits your sub-affiliates generate.
We also learned that BlackBull Markets provides monthly payments and real-time reports to help you track your earnings and progress.
How to Register an Affiliate Account with BlackBull Markets Step-by-Step
Step 1 – Log in and visit the Refer a Friend page for full details.
Step 2 – Fill Out the Application Form:
Complete the form on the BlackBull Markets affiliate program page. Be thorough and honest with your information.
Step 3 – Submit and Wait for Approval:
Once you fill out your information, it may be automatically approved or reviewed. If it’s a manual review, it may take a few hours to a few weeks before they review your application.
Can Colombian traders also register as BlackBull Markets affiliates?
Yes, any trader with a passion for marketing or the means to attract more clients can register as an affiliate with BlackBull Markets.
What can I do to succeed as an affiliate member of BlackBull Markets?
You can use the broker’s assistance and personal account manager to help and give you advice and marketing material.
Customer Support
| 📞Customer Support | 🗣️Customer Support |
| ⏰Operating Hours | 24/7 |
| 🗣️Support Languages | Multilingual |
| 🗨️Live Chat | Yes |
| 📧Email Address | Yes |
| 📞Telephonic Support | Yes |
| 🌟The overall quality of their Support | 4/5 |
Response Time
| Support Channel | Average Response Time | User-based Response Time |
| 📞Phone | 5 – 6 minutes | 4 – 7 minutes |
| 24 – 48 hours | 24 – 48 hours | |
| 🗨️Live Chat | 1 – 3 minutes | 2 – 5 minutes |
| #️⃣Social Media | 5 minutes | 4 – 6 minutes |
| 🗣️Affiliate | 24 – 48 hours | 24 – 48 hours |
As an affiliate member, can I also depend on BlackBull Markets' customer support?
Yes, you can and should get a response within 24-48 hours.
Is customer support available only in English at BlackBull Markets?
No, customer support is available in several languages.
Social Responsibility
During our evaluation, we were disappointed to find no mention of CSR initiatives on BlackBull Markets’ website. It was later discovered that they support various sporting events, including the Chiefs, a Super Rugby team, as a sign of community involvement. Their tutorials, seminars, and other educational materials help traders become more familiar with financial markets.
Conclusion
We came to a complicated conclusion after thoroughly researching BlackBull Markets as a forex and CFD broker suitable for Colombian traders:
The broker provides various deposit and withdrawal options, including support for multiple currencies and quick transactions. Colombian traders who value flexibility and effective money management will benefit most.
Competitive spreads were evident throughout our interactions with the broker, particularly for the ECN Prime and Institutional accounts. The broker also offers high leverage, up to 1:500, which may appeal to traders looking to get the most out of their trades.
A diverse set of trading platforms ensures traders can access cutting-edge tools and features tailored to their specific trading strategies.
BlackBull Markets does not offer COP-denominated accounts and charges non-trading fees, which may impact the profitability of Colombian traders.
Web marketers are drawn to the broker’s affiliate network because it offers enormous earning potential, including up to $1,000 per customer and a 10% commission on sub-affiliates.
However, there are some things BlackBull Markets could do better. Some Colombian traders may struggle if their native language is not supported.
Furthermore, even though BlackBull Markets offers a wide range of trading products, some traders may be put off by the high minimum deposit requirements for certain account types.
Despite these shortcomings, BlackBull Markets is a reliable and effective broker. As a result, BlackBull Markets may be ideal for Colombian traders looking for an active and supportive trading environment.
Our Insight
We believe that BlackBull Markets has much to offer Colombians. However, some areas require attention, particularly to improve Colombian trade.
Check spreads and fees again and consider lowering them to compete in Colombia. Making trading conditions more appealing can help attract and retain traders.
Offer Colombian customer service through live chat, email, and phone. This will make it easier for Colombian traders to communicate in their native language and trade more comfortably.
More Colombian traders could use ECN Prime and Institutional accounts if the minimum deposit requirements were reduced.
Colombian traders could benefit from regular market research and commentary in their native language, allowing them to track global market trends better and make trading decisions.
BlackBull Markets Pros & Cons
| ✅Pros | ❌Cons |
| Colombians can register ECN accounts that offer competitive trading conditions | BlackBull Markets doesn’t offer a COP-denominated account |
| Traders can use leverage of up to 1:500 with BlackBull Markets | Withdrawal and Inactivity fees apply |
| There is a demo account available for 30 days | BlackBull Markets’ customer support languages are limited |
| BlackBull Markets has 24/7 customer support across channels | BlackBull Markets is not locally regulated in Colombia |
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Frequently Asked Questions
What is the maximum leverage ratio of BlackBull markets?
You can trade with leverage up to 1:500 at BlackBull Markets.
What is the minimum lot size when trading with BlackBull Markets?
When trading BlackBull Markets forex currency pairs, your lot sizes can start at 0.01.
Can I trade cryptocurrencies with BlackBull Markets?
Yes, at BlackBull Markets, you can trade Bitcoin, Ethereum, and Litecoin against the US dollar.
Should I trade with the maximum leverage?
No, trading with the maximum of1:500 leverage offered by BlackBull Markets may not be safe. Although it can increase potential profits, you can also lose money easily.
Where was BlackBull Markets established, and where is its headquarters now?
BlackBull Markets was founded in Auckland, New Zealand and is still headquartered there.
