BlackBull Markets review is a multi-regulated and multi-asset forex and CFD broker in Auckland, New Zealand. Blackbull Markets offers an institutional trading experience for all traders. BlackBull Markets offers access to more than 26,000 tradable instruments.
- Louis Schoeman
Updated : May 22, 2025
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Overall Rating
- 4.7/5
Min Deposit
USD 0/0 PHP
Regulators
FSA, FMA
Trading Desk
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
BlackBull Markets was founded in 2014 in Auckland, New Zealand. Since then, the broker has served tens of thousands of traders from over 180 countries.
It has established itself as a trusted and regulated ECN broker, with licenses from the Financial Services Authority (FSA) in the Seychelles and the Financial Markets Authority (FMA) in New Zealand.
Through the years, BlackBull Markets has received numerous awards and recognition for its exceptional service and commitment to the trading community, including Best in Class for Offering Investments in ForexBrokers.com’s 2023 Annual Awards.
BlackBull Markets provides a range of account types and funding choices designed specially to meet the requirements of Filipino customers.
In addition, Filipino traders have the option to trade on multiple trading platforms, which include MetaTrader 4 and 5, as well as BlackBull Markets’ in-house platform. The broker offers ultra-tight spreads starting at 0.0 pips with a $0 minimum deposit requirement and leverage of up to 1:500.
Further research revealed that BlackBull Markets achieved average execution speeds of less than 75 milliseconds. With speeds under 100 milliseconds, traders have a better chance of avoiding slippage and getting the price they desire for their order.
Another positive trait of the broker is its dedication to localizing its services. Due to its multilingual website and customer service, Filipino traders can easily use the platform and receive support in familiar languages.
Beginner traders will find BlackBull Market’s education hub extremely beneficial. Here, they can learn to trade forex, crypto, commodities, and shares with the help of numerous tutorials. They can also explore trading videos, podcasts, webinars, and market analysis further.
Overall, BlackBull Markets seems a formidable option for traders in the Philippines.
Is BlackBull Market regulated?
Yes, BlackBull Markets has top-tier regulation and the broker ensures that your investments are secure and handled with integrity and transparency. BlackBull Markets operates in several countries and is supervised by the FSA and FMA.
Is BlackBull Markets an ECN broker?
Yes, BlackBull Markets is an Electronic Communication Network (ECN) broker. ECN brokers use electronic systems to match buy and sell orders in financial markets, facilitating direct trading between market participants.
At a Glance
| 🔢 Established Year | 2014 |
| ⌛Regulation and Licenses | FSA, FMA |
| 3️⃣Ease 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 0.0 pips |
| ⬆️Leverage | Up to 1:500 |
| 💰Currency Pairs | 60+; major, minor, and exotic pairs |
| 💴Minimum Deposit | 0 PHP ($0) |
| 💷Inactivity Fee | None |
| 🗣️Website Languages | English |
| 💶Fees and Commissions | Spreads from 0.0 pips, commissions from $6 per standard lot, round turn |
| 🤝Affiliate Program | ✅ Yes |
| ❌Banned Countries | United States, Canada |
| ✴️Scalping | ✅ Yes |
| ✳️Hedging | ✅ Yes |
| 🛢️Trading Instruments | Forex, equities, commodities, futures, indices, cryptocurrencies |
| 🚀Open an Account | 👉 Click Here |
Regulation and Safety of Funds
Regulation in the Philippines
Bangko Sentral NG Pilipinas (BSP) does not regulate BlackBull Markets. However, its global regulations are listed in the table below.
Global Regulations
| 🔍Registered Entity | 🌎Country of Registration | 🔢 Registration Number | ⌛Regulatory Entity | 📊Tier | 👉License Number/Ref |
| 🥇Black Bull Group Limited | New Zealand | 5463921 | FMA | 1 | FSP 403326 |
| 🥈BBG Limited (BlackBull Markets) | Seychelles | N/A | FSA | 3 | SD045 |
Protection of Client Funds
| 🔍Security Measure | ℹ️ Information |
| 🗂️Segregated Accounts | ✅ Yes, ANZ Bank New Zealand |
| 👤Compensation Fund Member | None |
| 💵Compensation Amount | None |
| 🎓SSL Certificate | ✅ Yes |
| 2️⃣2FA (Where Applicable) | ✅ Yes |
| ⛔Privacy Policy in Place | ✅ Yes |
| ⚠️Risk Warning Provided | ✅ Yes |
| ❌Negative Balance Protection | ✅ Yes |
| 🛑Guaranteed Stop-Loss Orders | ✅ Yes |
Does BlackBull Markets protect their client’s privacy
Yes, your private information and right to privacy are protected and upheld by the broker’s Privacy Policy and legal obligations. Client information will not be sold or shared with other parties under any circumstances besides those listed within the Policy.
Does any local authority in the Philippines regulate BlackBull Markets?
Although BlackBull Markets accepts Filipino traders, the broker is not regulated by a local authority in the Philippines.
Awards and Recognition
During their years in operation, we discovered that BlackBull Markets has received many awards. These are the most recent ones:
✅2024 and 2023 – Best Forex Broker Award by the Top Forex Brokers Review.
✅2023 – Fastest Execution Speed Study Award by Compare Forex Brokers during the Global Forex Awards.
✅2023 – Best in Class for Offering Investments during the Finance Magnates Awards.
✅2022 – Best Global FX Broker at the Forex Expo Dubai.
✅2022 – Best ECN Forex Broker by Broker Tested.
Account Types
| 🔍Broker | 💴Minimum Deposit | 🚀Open an Account | ⬆️Leverage | 📊Platforms |
| 🥇ECN Standard | 0 PHP ($0) | 👉 Click Here | 1:500 | All |
| 🥈ECN Prime | 116,294 PHP ($2,000) | 👉 Click Here | 1:500 | All |
| 🥉ECN Institutional | 1.1 million PHP ($20,000) | 👉 Click Here | Flexible | All |
ECN Standard
This is the most standard account for Filipino traders who are just starting out in forex trading. It provides commission-free trading with no required deposit.
Due to the 1:500 leverage, Filipinos can trade in larger positions with smaller amounts, and trade amounts on this account can start at 0.01 lots.
ECN Prime
This account type is designed for the more experienced traders and scalpers. A $6 round-turn commission fee allows traders to take advantage of narrower spreads that start at 0.1 pips.
The leverage of 1:500 offered and the trade size of 0.01 lots are similar to those of the ECN Standard account. Although the ECN Standard account has no required deposit fee, serious Filipino traders opening the ECN Prime account are required to make an initial deposit of 116,294 PHP (2,000 USD).
ECN Institutional
We found that this account type focused on institutional and high-volume professional traders. The required deposit to open an account is 1.1 million PHP (20,000 USD), which is quite a large amount.
This customized trading experience is designed for professional and institutional traders. It offers access to every market, and trading sizes begin at 0.01 lots, just like other accounts.
Leverage is flexible and can go up to 1:500 with a commission charge of $4 per lot, so expert traders can use customized risk management plans. Spreads start at 0.0, and this is the only account that does not offer a swap-free option.
Demo Account
Like most forex brokers, BlackBull Markets can open a demo account, allowing traders in the Philippines to trade with virtual funds and try out the broker’s trading options.
The virtual funds offered to fund the demo account range from $5,000 to $100,000 and can be used in mimicked real-world trading conditions without risking any of your own money.
The demo account is valid for 30 days, which should be enough time for Filipino traders to get a feel for the trading platforms and account types available.
This can also be used by more experienced traders who want to see what BlackBull Markets offers before signing up with the broker. The demo account can help you feel more confident when ready to move on to real trading.
Islamic Account
Our research revealed that BlackBull Markets offers a unique Islamic Account option tailored for Muslim traders who adhere to Sharia principles. BlackBull Markets is one of the few brokers that offers Swap-Free accounts with direct access to TradingView.
This means that Swap Free account holders can place trades and manage their accounts directly through the TradingView platform without switching between different software programs or platforms.
This account stands out due to its unwavering commitment to Islamic finance principles, which ensures that trades do not accumulate interest overnight.
The Islamic Swap-free account is available with the Standard and Prime account types. It offers the same features except for no roll-over fees for positions held overnight.
Muslim traders are offered cutting-edge tools, competitive spreads, and educational resources.
By adopting Islamic finance principles, BlackBull Markets has successfully attracted a larger client base and cultivated strong trust and loyalty among Muslim traders in the Philippines.
Can I switch between different account types?
Yes, you have the flexibility to switch between different account types. If you wish to change your account type, simply email [email protected] or talk to the support staff in the live chat.
Can I use TradingView, MT5, and MT4 on any account type?
Yes, TradingView, MT5, and MT4 are available with any account type.
How to Open an Account Step-by-Step
The registration process with BlackBull Markets is really easy and quick. For Filipinos who want to register an account, follow these steps, and you will be ready to trade within a few minutes:
Step 1: Go to the official website and click on “Join Now.”
Step 2: Complete the online registration form
You must complete the online registration form by providing your personal information, including your name, email address, and phone number. With BlackBull, you can also sign up with your Google, Facebook, or Apple ID for quicker registration.
Step 3: Wait for verification from BlackBull Markets
You must upload a valid government-issued ID document or passport and a utility bill or bank statement as proof of your residential address.
Next, you need to select the deposit method you would prefer to use and the amount you want to deposit. Remember that a minimum deposit is required for the ECN Prime and ECN Institutional accounts.
Can Filipino traders register demo accounts at BlackBull Markets?
Yes, BlackBull Markets provides a demo account where beginner and more advanced Filipino traders can experiment with virtual funds for 30 days.
Do I need a password for an account registration?
Yes, new clients must generate a strong password when registering a new account.
Overall Rating
- 4.7/5
Min Deposit
USD 0/0 PHP
Regulators
FSA, FMA
Trading Desk
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Trading Platforms and Software
BlackBull Markets offer Filipino traders the following Trading Platforms:
➡️Trading View
➡️MetaTrader 4
➡️MetaTrader 5
➡️cTrader
➡️WebTrader
➡️BlackBull CopyTrader
➡️BlackBull Invest
➡️ZuluTrade
➡️Myfxbook
TradingView
According to our investigation into BlackBull Markets’ trading platforms, this platform is one of a kind. Serious traders will also find TradingView affordable because BlackBull Markets provides free access to its premium plans depending on trading volume.
The platform helps Filipinos take their trading to the next level with up to 25 indicators per chart, 8-chart layouts, and 400 price and technical alerts. It allows traders to make confident trading decisions with up to 25 indicators per chart that help make sense of recent market movements.
In addition, it offers over 400 price and technical alerts, enabling you to stay ahead of every market move.
Filipino traders can also deep back-test your trading strategy on up to 20,000 replay bars, equivalent to 6 months of 1-minute candlesticks.
This platform is also offered to Muslim traders who open a Swap-free account, once again proving that BlackBull has its trader’s best interests at heart.
MetaTrader 4
MT4 is known to be the most popular trading platform for traders worldwide. Combine this with BlackBull Markets’ institutional trading conditions, and Filipinos will have a winning combination.
MT4 can be downloaded on desktop, web, multi-terminal, or mobile apps. Traders can use its powerful suite of technical analysis tools, fundamental data feeds, and Expert Advisors (EA) integrations. The platform is reliable, and newbies will find it easy to use and navigate.
MetaTrader 5
MT5 is the revised version of MT4. It has advanced financial trading features and better technical and fundamental analysis tools to elevate the experience of Filipino traders.
MT5 is a great option for traders who want to diversify their trading across several financial instruments. It poses faster execution rates, includes new instruments, and supports additional order types and periods.
Filipino traders who like to monitor world economic events to make informed decisions on their trading strategies will find MT5’s economic calendar helpful.
cTrader
cTrader is an intuitive and easy-to-use trading platform accessible on desktop, web, and mobile.
This trading platform has some good features that will be of great use to Filipino traders, including algo trading, copy trading, and a selection of built-in widgets from reputable sources like Trading Central and FXStreet.
Traders looking for a more advanced and efficient trading experience with love cTrader. The platform is also very quick to respond, essential for swift trade execution in fast-moving markets.
WebTrader
WebTrader can be used directly from your computer browser with no downloads necessary, offering a smooth trading experience. It offers Filipinos all the benefits of the MetaTrader 4 and 5 platforms and is available on any device, which makes it suitable for traders on the go.
Because WebTrader has an easy-to-use interface, traders who value flexibility without sacrificing functionality will find it perfect. The platform provides the ability to make transactions quickly, sophisticated charting capabilities, and real-time market data.
BlackBull CopyTrader
Filipino traders who want to copy traders with a verified track record of trading will find BlackBull CopyTrader ideal. It is an ultra-low latency platform that lets you copy the trades of master traders.
Traders can copy-trade with confidence on this platform using its advanced risk management features that let you determine exactly how you want to deploy your funds.
The BlackBull CopyTrader platform has been recognized for the quality of its elite fund managers and its advanced risk management features.
BlackBull Invest
This user-friendly investing platform provides a seamless experience for buying and selling shares. Filipinos can use comprehensive research tools, real-time market data, and customizable charts to make informed investment decisions.
Tracking and controlling investments is made simple by the platform’s customizable watchlists and user-friendly interface.
Using this platform allows traders to become shareholders in a company and benefit from its growth. It’s a long-term investment strategy with potential dividends and capital appreciation.
ZuluTrade
ZuluTrade is a world-leading social trading platform where Filipinos can mimic the trading strategies of thousands of registered currency traders.
We found that Filipinos can customize trades according to their preferences and risk tolerance by using ZuluTrade’s proprietary performance evaluation algorithm and feedback from ZuluTrade’s knowledgeable community.
Myfxbook
To our knowledge, Myfxbook is one of the leading social trading platforms that allows users to share, analyze, track, and compare their trading activities.
Traders can set up auto-trading to follow those they have selected or set themselves up as the lead trader in an auto-trading network. The Myfxbook interface’s usability and intuitive nature allow for ease of use and common-sense inputs and outputs.
How much do TradingView’s paid plans cost?
TradingView’s paid plans can cost up to 41831,30 PHP ($719.40) per year. But clients of BlackBull Markets can receive free TradingView Essential, TradingView Plus, or TradingView Premium depending on their trading volume.
Can I copy-trade multiple providers at the same time?
Yes, you can copy-trade with as many providers as your funds and copy-trading parameters allow.
Range of Markets
Filipinos won’t struggle to create diversified portfolios, as more than 26,000 instruments can be traded with BlackBull Markets. Look at the table below to see what you can trade with BlackBull Markets.
| 🔍Instrument | 🔢 Number of Assets Offered | ⬆️Max Leverage Offered |
| ➡️Forex | 70+ | 1:500 |
| ➡️Equities | 1,000+ | 1:100 |
| ➡️Commodities | 11 | 1:500 |
| ➡️Futures | 40 | 1:500 |
| ➡️Indices | 22 | 1:20 |
| ➡️Cryptocurrencies | 10 | 1:5 |
BlackBull Markets vs HFM vs BDSwiss – Broker Comparison
| 🔍Broker | 🥇BlackBull Markets | 🥈HFM | 🥉BDSwiss |
| ⌛Regulation | FSA, FMA | FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions | CySEC, FSC, BaFIN, FSA, Mwali International Services Authority |
| 📊Trading Platform | TradingView cTrader MetaTrader 4 MetaTrader 5 WebTrader BlackBull CopyTrader BlackBull Invest ZuluTrade Myfxbook | MetaTrader 4 MetaTrader 5 HFM App | MetaTrader 4 MetaTrader 5 BDSwiss Mobile BDSwiss Web |
| 💷Withdrawal Fee | None | None | None |
| 🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
| 💴Min Deposit | 0 PHP ($0) | 0 PHP ($0) | 581 PHP ($10) |
| ⬆️Leverage | 1:500 | 1:2000 | Up to 1:2000 |
| ✏️Spread | From 0.1 pips | 0.0 pips | From 0.0 pips |
| 💶Commissions | From $6 per lot | $6 per round turn | From $2 |
| 🛑 Margin Call/Stop-Out | 75%/50% | 50%/20% | 50%/20% |
| 🧑⚖️Order Execution | Market, Instant | Market | Market, Instant |
| ❌No-Deposit Bonus | None | None | None |
| 💰Cent Accounts | None | None | ✅ Yes |
| 🗂️Account Types | ECN Standard ECN Prime ECN Institutional | Cent Account Premium Account Zero Account Pro Account Pro Plus Account | Cent Account Classic Account VIP Account Zero Spread Account |
| 📌BSP Regulation | None | None | None |
| 🌟PHP Deposits | None | None | ✅ Yes |
| ➡️PHP Account | None | None | None |
| ⏰Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 👤Retail Investor Accounts | 3 | 5 | 4 |
| ☪️Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
| ⬇️Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| ⬆️Maximum Trade Size | 100 lots | 500 lots | 50 lots |
| ⏰Minimum Withdrawal Time | Instant | 10 Minutes | Instant |
| 🕰️Maximum Estimated Withdrawal Time | 3 days | 10 business days | Within 24 hours |
| ✔️Instant Deposits and Instant Withdrawals? | ✅ Yes, both | None | ✅ Yes |
| 🚀Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
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Fees, Spreads, and Commissions
Spreads
BlackBull Markets spreads are clearly defined on its website. The broker offers competitive spreads for Filipinos, catering to various trading preferences and skills.
Spreads differ depending on the account type you register for and the financial instrument you trade with. For example, the ECN Standard account provides spreads starting from 0.8, whereas the ECN Prime account provides spreads starting from 0.1. On the ECN, Institutional account spreads start from 0.0 pips.
Beginner traders should start out with the standard account, as the spread offered will allow them to manage their trading costs. Experienced traders may find the ECN Prime account more suitable.
Commissions
Our investigations indicated that your account type will determine whether you pay a commission. Beginner traders opening an ECN Standard account will not be charged any commission.
However, if you open an ECN Prime account, you’ll be charged a $6 commission per lot round turn, and on the ECN Institutional account, you’ll be charged a $4 commission per lot turn.
Overnight Fees
Overnight or Swap fees are charged for holding positions overnight and are calculated using the interest rate differences between currency pairs.
With BlackBull Markets, their overnight fees are indicated on different platforms, which is important for Filipino traders to know who keeps positions overnight and needs to manage them.
In addition, the broker also offers the option of Islamic Swap-free accounts for traders adhering to Sharia law, allowing them to have a swap-free account without any overnight interest charges.
Deposit and Withdrawal Fees
Our investigation into the deposit and withdrawal fee structure indicated that Filipino traders could deposit and withdraw funds through multiple payment methods such as Visa and MasterCard debit and credit cards, bank transfers, and e-wallets like Neteller, Skrill, AIRTIM and AstroPay.
BlackBull does not charge any fees when Filipinos deposit funds, but a $5 withdrawal fee is charged with withdrawals through any payment method.
Inactivity Fees
Many brokers do not charge any inactivity fees, but with BlackBull Markets, there is a $10 monthly fee for accounts that have been inactive for 12 months or longer.
We recommend that Filipino traders avoid these charges by staying active in their trading activities and avoid paying fees that will drain their funds.
Currency Conversion Fees
Although BlackBull Markets offers a variety of base currencies like USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, and ZAR, it does not make provision for the Filipino peso (PHP).
If Filipino traders deposit or withdraw funds using their local currency, they will pay currency conversion fees. These fees are highly competitive and transparent on the broker’s website.
To manage these fees, Filipinos must ensure that the account’s base currency is aligned with the primary trading pairs, as this will help to minimize conversion costs and optimize your overall trading strategy.
How do you deposit funds into your account?
Traders must navigate to the ‘My Wallet’ tab on the left-hand side of the Client Area, where they will be presented with a 4-step process to deposit funds.
How long does it take for funds to show in my wallet?
The time it takes for funds to appear in your wallet depends on the deposit method. Most funding methods are instant.
Overall Rating
- 4.7/5
Min Deposit
USD 0/0 PHP
Regulators
FSA, FMA
Trading Desk
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Deposit and Withdrawal Options
| 💳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 |
| ➡️Bank Transfer | All | Multi-currency | 1 – 2 days |
| ➡️AstroPay | All | Multi-currency | Instant |
| ➡️Local Bank Transfer | India | INR | 30 – 90 minutes |
Deposits
Bank Wire
✅Go to “My Wallet” to deposit funds in your client portal.
✅Choose “Bank Wire” as the deposit method.
✅Fill in the bank information provided by BlackBull Markets.
✅Finalize the transfer from your bank account.
✅Your trading account will be credited to your trading account within 1-2 business days.
Credit or Debit Card
✅Go to the “My Wallet” within the Client Portal and select “Deposit Funds.”
✅Choose “Credit/Debit Card” as the deposit method.
✅Enter your card information and the deposit amount.
✅Confirm the transaction, and your funds should be transferred immediately.
Cryptocurrency
✅Choose “Crypto” as your deposit method in your client portal’s “My Wallet.”
✅Select your desired cryptocurrency.
✅You will receive a wallet address to deposit your cryptocurrency in.
✅Confirm the transfer from your personal cryptocurrency wallet.
✅The funds will be credited to your trading account after the blockchain validates the transaction.
e-Wallets or Payment Gateways
✅Go to the “My Wallet” within the Client Portal and select “Deposit Funds.”
✅Select the e-wallet payment method you want to use.
✅Enter your e-wallet account information and the deposit amount.
✅Confirm the transaction.
✅Your money should reflect immediately.
Withdrawals
Bank Wire
✅Go to “My Wallet” in your client portal and click “Withdraw Funds.”
✅Choose “Bank Wire” as your withdrawal method.
✅Enter your bank account information and the withdrawal amount.
✅Confirm the withdrawal request.
✅Funds should be reflected in your bank account within 1-2 business days.
Credit or Debit Cards
✅Go to “My Wallet” and then to the “Withdraw Funds” section of the client portal.
✅Select “Credit/Debit Card”.
✅Enter the withdrawal amount.
✅Confirm the transaction.
✅Funds will be reflected in your card within a few business days.
Cryptocurrency
✅Navigate to “Withdraw Funds” in “My Wallet” in the Client Portal.
✅Choose “Crypto” as your withdrawal method.
✅Select the coin and withdrawal amount.
✅Provide your cryptocurrency wallet address.
✅The withdrawal will be performed after blockchain confirmation.
e-Wallets or Payment Gateways
✅Select “Withdraw Funds” in the “My Wallet” section in the Client Portal.
✅Choose your e-wallet payment method.
✅Enter the withdrawal amount.
✅Confirm your request.
✅Funds will reflect instantly into your e-wallet account.
Can Filipinos deposit PHP with BlackBull Markets?
Yes, Filipino traders can make deposits in PHP, but they should know that currency conversion fees will apply.
Are there any fees associated with depositing funds?
No, BlackBull Markets charges no fees for depositing funds.
Leverage and Margin
Our research shows that BlackBull Markets provides Filipino traders competitive leverage choices to the maximum of 1:500.
Investing in financial Instruments entails using Leverage. In margin trading, leverage can significantly impact your trading account, even with minor changes in exchange rates and instrument prices.
You must understand that if the market moves in the opposite direction to your open positions, your chances of losing your initial deposit and other funds intended to maintain your open positions are very high.
The margin requirements are flexible and based on factors like the traded instrument, type of account, and overall state of the market.
This implies that traders must always be aware of their margin balances, especially during news events or periods of high market activity. You are fully responsible for using your funds and accounting for the risks.
What are the margins on BlackBull Markets?
You will receive a margin call once your account reaches a margin percentage below 75%. Below 50%, you will be liquidated. This means all your open positions will automatically be closed.
What exactly is leverage?
Leverage allows you to take a position in an instrument using borrowed funds with a relatively small deposit. Leverage helps you magnify the profit or loss you make on a trade. With BlackBull Markets, the maximum leverage allowed is 1:500.
Educational Resources
Our research into what education and tools BlackBull Markets offered showed that the broker takes education seriously and covers resources for beginners and more experienced traders. Let’s look at what Filipinos can expect.
| ➡️Economic Calendar | ✅ Yes |
| ➡️VPS | ✅ Yes |
| ➡️AutoChartist | ✅ Yes |
| ➡️Trading View | ✅ Yes |
| ➡️Trading Central | None |
| ➡️Market Analysis | ✅ Yes |
| ➡️News Feed | ✅ Yes |
| ➡️Blog | ✅ Yes |
| ➡️eBooks | None |
| ➡️Educational Videos | ✅ Yes |
| ➡️Platform Tutorials | ✅ Yes |
| ➡️Webinars | ✅ Yes |
| ➡️Seminars | ✅ Yes |
| ➡️Live Support | ✅ Yes |
What is AutoChartist, and do BlackBull Markets offer it?
Yes, AutoChartist is offered by the broker. It is a market analysis tool that identifies trading opportunities.
Does BlackBull Markets provide training on their different platforms?
Yes, BlackBull Markets hosts a platform tutorial that will teach Filipino traders how to use the trading platforms.
Bonuses and Promotions
We could not find any indication of any bonuses or promotions BlackBull Markets offers for new or existing clients. However, the broker does offer a $250 referral bonus. To qualify for this bonus, the referred new client will receive a referral link that must be used to create a new live account.
Next, the referred new client must deposit at least $500 or $2,000 and trade at least 5 or 20 foreign exchange lots. Once these requirements are fulfilled within 90 days, the bonus funds will be distributed to both parties.
Does BlackBull Markets offer any other bonuses or promotions?
No, BlackBull Markets does not offer any welcome, deposit, or promotional bonuses to new or existing clients.
Does BlackBull Markets offer a referral bonus?
Yes, BlackBull Markets offers a referral bonus where the referred trader and the new client qualify for a $250 bonus on certain terms and conditions.
Affiliate Programs
In studying the offerings of BlackBull Markets for traders in the Philippines, we discovered it offers an affiliate program that will benefit those opting to register for this partnership program. Let’s delve into what this program entails.
Features
As a partner of BlackBull, you’ll have a personal account manager who will work closely with you to help you grow your business. The broker’s affiliate program gives those who join up as a partner the opportunity to generate income through their online presence.
In short the features allow unlimited earning potential on a multilingual range of marketing resources. There is a flexible payment structure to suit everyone’s needs and full access to a state-of-the-art tracking system, together with your own personal affiliate account manager.
The most attractive aspects of the program have the potential for significant earnings. If you use the CPA model, you can earn up to $1,000 for every client you refer, and on top of that, you’ll receive 10% of the earnings made by your sub-affiliates.
Filipino traders will have the opportunity to increase their earnings substantially.
How to Register an Affiliate Account Step-by-Step
Step 1: Go to the official website and click on the “Partners” icon in the top left corner
Step 2: Click on the “Partner Now” tab
Step 3: Complete the online registration form
You’ll also need to share your website or platform’s URL and briefly describe your target demographic, marketing methods, and aims.
Next, select the commission structure that best fits your company’s aims. You can choose between the CPA (Cost Per Acquisition), CPL (Cost Per Lead), and Hybrid.
Step 4: BlackBull Markets will review your application
The broker will send you an access link to the affiliate portal.
Can Filipinos do affiliate marketing with BlackBull Markets?
Yes, Filipino traders can earn money online by registering with the BlackBull Markets affiliate program.
What Is the BlackBull Market’s partners program?
The BlackBull markets partners program is specially designed to offer its partners a great tool to succeed. All the necessary equipment is at your disposal to help you expand your client network and enhance your business operations.
Customer Support
| 🫴🏻 Customer Support | 👥BlackBull Markets Customer Support |
| ⏰Operating Hours | 24/7 |
| ➡️Support Languages | Multilingual |
| 🗣️Live Chat | ✅ Yes |
| 💻Email Address | ✅ Yes |
| ☎️Telephonic Support | ✅ Yes |
| 4️⃣The overall quality of BlackBull Markets 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 |
Does BlackBull Markets provide support over weekends?
Yes, BlackBull Markets offers 24/7 support for their clients.
How responsive is BlackBull Markets' customer support?
The average response time for live chat is 1-3 minutes, while for email, it is 24-48 hours.
Social Responsibility
During our evaluation and research of BlackBull Markets, this was quite a surprise to find no mention of any Corporate Social Responsibility (CSR) programs.
The only indication that BlackBull Market is involved in their local community is the broker’s sponsorship of The Chiefs, a Super Rugby team in New Zealand, and some athletic events.
User Comments and Reviews
BlackBull Markets has an established reputation in the industry, and we found a few user comments on the broker that reflect what its clients think about its services and solutions.
🥇“BlackBull is Good broker and give me good service and my Account manager Nalnish Kumar Jaiswal is good man! He guided me well and give me good services so everyone will test it.”
🥈“One of the best broker I ever had and one of the best service provider who is employee of BlackBull, Nilnesh Kumar who is very kind and humble always available. I’m really enjoying working with you guys. Stay blessed.”
🥉“BlackBull provide the best services against other broker. And especially thanks to Nalnish Kumar he was provide the best effort and coordinated with the round -the clock helps customer support.”
In Conclusion
The huge range of normal and copy trading platforms guarantees that traders have access to innovative tools and features adapted to their own trading styles and strategies and beginner and experienced traders will find a platform to suit their needs.
Our Insight
In my opinion, BlackBull Markets is a good option for Filipino traders. The broker offers competitive spreads with high leverage of up to 1:500, which might appeal to traders looking to maximize their trading potential.
Our Recommendations
Although BlackBull Markets has a good offering for Filipinos, there are a few areas where some changes could be made to improve the trading environment in the Philippines.
✅Providing a local language in all customer care channels will greatly improve communication and provide Filipinos with a more comfortable trading atmosphere.
✅It is also recommended that the selection of local payment methods be expanded to include more popular alternatives in the Philippines, which will be very convenient for deposit and withdrawal processes.
✅Reducing the minimum deposit requirements for the ECN Prime and ECN Institutional accounts could make these live accounts more available to more Filipino traders.
✅It would also benefit Filipino traders if they could use their PHP currency to und and withdraw funds.
Pros & Cons
| ✅Pros | ❌Cons |
| BlackBull Markets offers a strictly regulated trading environment | BlackBull Markets is not locally regulated in the Philippines |
| Traders can use leverage of up to 1:500 | Charges withdrawal fees on all payment methods |
| There is a choice of more than 26,000 financial instruments that can be traded | No PHP-denominated account is offered |
| There is a demo and Islamic accounts available | Limited customer support languages in the Philippines. |
| Trading in MT4 and 5, as well as in-house platforms | High minimum deposits are required on the Prime and Institutional account types |
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Frequently Asked Questions
Is profit from trading taxed in the Philippines?
Yes, profits from trading are subject to taxation in the Philippines. Profits from the sale of shares are subject to capital gains tax (CGT) in the Philippines.
Can I trade cryptocurrency with BlackBull Markets?
Yes, BlackBull Markets provides trading opportunities on various prominent cryptocurrencies against the US dollar, including Bitcoin, Ethereum, and Litecoin.
What is the minimum deposit requirement?
BlackBull Markets requires no minimum deposit on its ECN Standard account. However, quite a high minimum deposit is required to register for an ECN Prime and ECN Institution account.
Does BlackBull Markets offer trading on the MetaTrader suite?
Yes, BlackBull Markets offers trading on MetaTrader 4 and MetaTrader 5 platforms.
Does BlackBull Markets have negative balance protection?
Yes, BlackBull Markets provides negative balance protection. If the balance on your account goes negative, it will be covered by the broker.
