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BlackBull Markets Canada

(4.5 out of 5 stars from 875 Reviews)

$ 200,00

If you are trying to find a reputable Forex broker with a high leverage, you will come across Blackbull Markets very quickly. Is this company trustworthy or not in Canada? – in the following Blackbull Markets Canada review, I will explain my experiences with the online broker to you. You will learn everything there is to know about the safety of the broker and conditions for Canadian traders.

Overall Rating


"Best broker for Canadian Traders"

Customer Support
Banking Options
Mobile Trading
Payout Speed
Demo Account
Very Good!

Blackbull Markets Presented in Canada

Blackbull Markets is a pure ECN No Dealing Desk Forex Broker from New Zealand, which has been on the market since 2014. The company has just announced this year (2020) that they accept Canadian traders. The broker’s service ranges from private investors to professional traders.

blackbull markets review

The broker promises very good execution through various liquidity providers to Canadian traders. You can trade Forex and CFDs with a high leverage of up to 1: 500 at low fees. The aim of Blackbull Markets is to offer private investors the conditions of institutional investors paired with professional support via an online platform.

Blackbull Markets Facts:

  • Founded in 2014
  • Headquarters on Floor 22, 120 Albert Street. Auckland 1010, New Zealand
  • Canadian traders are welcome
  • ECN and No Dealing Desk Broker
  • Trading without a conflict of interest
  • Top conditions for traders

Blackbull Markets Regulation

Blackbull Markets is a registered company in New Zealand with company number 5463921. In addition to registering a company, every forex broker in New Zealand must also be registered for financial services. Blackbull Markets is listed in the Financial Service Provider Register (FSPR) with registration number FSP403326.

The forex broker is also a member of the dispute settlement procedure “Financial Service Complaints Limited (FSCL)” and complies with all anti-money laundering / anti-terrorist financing (AML / CFT) guidelines. In summary, Blackbull Markets is a complete company in New Zealand and there’s no risk of fraud for Canadians.

Customer Support

Support is available to customers 24 hours a day. Telephone, email and chat support is available. For beginners, trading tutorials and training videos are available on the website. Blackbull Markets staff can even assist you with software setup. The newsletter provides new market analyzes almost on a daily basis so that the trader can always generate new trading ideas. In summary, the broker offers good and professional advice for traders’ questions.

Support: Address: Phone number:
Mon – Fri (10:00 am – 11:00 pm NZT) by email, phone, chat BlackBull Markets
Floor 22
120 Albert Street
Auckland, 1010
(+64) 9 558 5142

Security of client funds

The well-known ANZ Bank is used to store customer funds. This has a very good rating from various rating agencies. The broker keeps these funds separate from the company funds, among other things. Speculation or investments with customer funds are not allowed.

In addition, only regulated payment providers are used for deposits and withdrawals, which i will go into in more detail later. Many traders fear the obligation to make additional contributions to foreign brokers. At Blackbull, however, this has been abolished and you can’t go into debt. Additionally, the broker will automatically stop you if you have insufficient margin.

Financial security at a glance:

  • Customer funds are kept in the ANZ Bank
  • Separate accounts
  • No obligation to make additional payments

What can you trade at Backbull Markets?

According to my research, Blackbull Markets is a broker specializing in forex trading. For interested traders there are over 64 currency pairs available, which start with a spread of 0.1 pips. The execution is extremely fast because the broker is a partner of the large liquidity network of the banks. It is a No Dealing Desk Broker with ECN execution.

For example, in the picture below you can see the spreads:

Blackbull Markets Spreads

Traders can choose from different account models. There is the free demo account, ECN Standard, ECN Prime and ECN Institutional account. The higher the deposit at Blackbull Markets, the lower the company can set the trading fees. A maximum leverage of 1: 500 is available to every customer. The minimum deposit is a low $ 200, which may be transferred using various payment methods.

In addition to the currency pairs, indices, commodities and metals are also offered. These include Dax30, S & P500, gold, silver and OIL. Individual stocks can’t be traded on Blackbull Markets. In summary, the fast execution and low fees make the conditions perfect for Forex traders. The Dax can also be traded under 1 point spread.

Summary of Blackbull Markets Offerings:

  • Free demo account
  • Minimum deposit from $ 200
  • Over 64 currency pairs, stock indices, commodities and metals
  • Very good trading conditions with fast execution
  • High leverage up to 1: 500
  • Different account models

Professional Trading Platform Metatrader 4

The MetaTrader 4 is a very well-known trading software, which is offered by many forex brokers. At Blackbull Marktes you can download MetaTrader for Windows, Mac, Android and iOS. A web version is also available. You only need one login to log in on any device.

The MetaTrader allows you to use any trading strategy and also supports automated trading. you’ll try a spread of useful tools. The software offers you free indicators and drawing tools for analysis, which the trader can configure himself. New and external tools can also be inserted.

In the picture above you can see a screenshot from MetaTrader 4. The charts can be adjusted consistent with the trader’s ideas. Multi-charting is also possible so that correlations can be traded. Orders can be opened or closed in a few milliseconds using the helpful “1-Click Trading” option. Overall, from my experience, MetaTrader 4 is the perfect trading platform for private traders, because there are many setting options.

The advantages of the MetaTrader 4 trading platform:

  • Available for every device with only one login access
  • Easier to use and beginner-friendly
  • Free and customizable tools (indicators and more)
  • Supports automated trading
  • Extensive settings for your own trading strategies

Opening an account at Blackbull Markets Canada

As a regulated company, the broker offers a similar account opening as its European colleagues. A trading account can be created in minutes. You should first provide information about yourself and fill in personal data. Then you have to verify your email addresses.

To be able to trade with real money, the account opening must be fully completed. The forex broker will ask you about your level of knowledge about the financial markets and the purpose for which you want to invest. Finally, identity documents must be uploaded. A picture may also be easily created using a webcam. The data will be verified within 24 hours on working days and after that you can start trading.

Overview of the account models

Blackbull Markets offers 3 different account models for live trading. The higher your deposit, the better the trading terms can be for you. The broker makes his money through trading turnover.

Traders can start with very good conditions from a deposit of $ 200. This account has no commissions and an additional spread. Anyone who deposits more than € 200 gets the direct spreads from the liquidity network and pays their trading fees by commission. For higher 5-digit sums, the trader can negotiate the commissions with the broker.

blackbull markets accounts
ECN standard: ECN Prime: ECN Institutional:
Minimum deposit: $ 200 $ 2,000 $ 20,000
Spreads from: 0.8 pips 0.1 pips 0.0 pips
Commission: No commission $ 6 per lot Negotiable
Lever: Up to 1: 500 Up to 1: 500 Up to 1: 500
Positions from: 0.01 lot 0.01 lot 0.01 lot
Equinix Server: NY4 NY4 Personal attitude

Deposits and withdrawals methods:

  • Bank Transfer
  • Neteller, Skrill, China Union
  • Credit cards

Please note that the bank transfer is an international transfer. Your bank can charge fees for this. Blackbull Markets doesn’t charge any deposit fees. Many different currencies are accepted (Euro, USD, GBP, AUD and more). With electronic methods, the deposit is assigned directly to your account. For bank transfers, it can take 1 to 3 days.

Your money is safe:

All customer funds are held in secure Tier 1 banks. Additionally, the broker has a 24-hour payout policy. Client funds are paid out immediately and not mixed with company funds.

Withdrawing fees may apply depending on the method. The minimum bank transfer withdrawal amount is $ 100 and there is also a fee of $ 20 per bank transfer. The fee is $ 5 for e-wallets and $ 10 for credit cards. In summary, there are not any problems with the transactions of customer funds. The broker uses the best technology and security for client funds.


  • Payment methods: bank transfer, Neteller, Skrill, China Union, credit cards
  • No deposit fees
  • Withdrawal fees
  • 24 hour withdrawal policy
  • Safe payment methods and customer funds

Conclusion: Recommended Forex Broker for Canadians

Blackbull Markets customers benefit from high leverage and very good trading conditions for Forex trading. In my experience, this broker is great for private trading with MetaTrader 4. You get a large selection of tradable markets from a reliable partner. I also have to emphasize the low trading fees and fast execution of trades with this broker. In summary, I can fully recommend this forex broker for Canadian traders. As compared to other providers it does better in many points.

Benefits of Blackbull Markets:

  • New Zealand high leverage broker 1: 500
  • Fully regulated
  • High security standards
  • High liquidity (No Dealing Desk Broker)
  • ECN accounts
  • Free demo account
  • Minimum deposit only $ 200
  • Spreads from 0.0 pips

$ 200,00

$ 200,00