BlackBull Markets combines three derivatives accounts with a separate share-investing route and a broad platform menu. The account table is simple at first glance—Standard, Prime and Prime+—but the useful detail sits in the charging unit, platform availability, extended-hours stock-CFD route and the rules that turn a swap-free position into an administratively charged one.[1][3][8][6]
The international pages also name several companies under the BlackBull brand. The New Zealand company, the Seychelles company and the separate Black Bull Trade company should not be treated as one portable licence or one universal set of onboarding terms. Residence and the selected product determine which company, payment methods and restrictions apply.[10][2]
Broker essentials
| Measure | Value | Context |
|---|---|---|
| Group operating base | Auckland, New Zealand | The group identifies its head office at Level 20, 188 Quay Street, Auckland.Source 10 |
| Core derivatives accounts | Three | ECN Standard, ECN Prime and Prime+.Source 1 |
| Derivatives opening minimum | USD 0 | No broker minimum is stated for Standard, Prime or Prime+; the funding method may impose one.Source 3 |
| Share-investing minimum | 1,000 in the account base currency | Published for the BlackBull Invest route rather than the derivatives accounts.Source 3 |
| Advertised instrument access | More than 26,000 across associated entities | A company-reported group figure; the account, region and platform determine the actual list.Source 2Source 10 |
Accounts and published costs
Sections ↑Derivatives account structure
| Account | Spread and commission | Opening / operating point | Platform scope |
|---|---|---|---|
| ECN Standard | Spread from 0.8 pips; no commission | No broker minimum deposit | MT4, MT5, cTrader and TradingView shown as availableSource 1 |
| ECN Prime | Spread from 0.0; USD 3 per side per standard lot | No broker minimum deposit | Same main derivatives platform routesSource 1 |
| Prime+ | Spread from 0.0; comparison page shows USD 3 per side with rebate | No broker minimum deposit | Designed for higher-volume trading; rebate conditions are separateSource 1 |
| BlackBull Invest | Underlying-share investing route | 1,000 in base currency | Separate investing service rather than an ECN derivatives accountSource 3 |
Pricing details that need their units
| Charge | Published figure | What it means |
|---|---|---|
| Prime commission | USD 3 per lot | The commission help page does not label this as per side; the account comparison explicitly says USD 3 per side.Source 2Source 1 |
| Prime+ commission | USD 3 per side in comparison; equivalent USD 2 per lot in help article | Two current first-party descriptions; rebate/equivalence terms need confirmation in the client schedule.Source 1Source 2 |
| Standard commission | None | Trading cost is carried principally in the spread and financing.Source 1Source 2 |
| Internal withdrawal fee | USD 5 per request | Charged per request, with possible provider or conversion charges in addition.Source 5 |
| Inactivity fee | None at present | A current help-centre statement, not a permanent contractual guarantee.Source 7 |
The Prime+ discrepancy is editorially important because “per side”, “per lot” and an “equivalent commission” are different descriptions. A transparent profile keeps both current company statements and identifies the confirmation required. It does not select the cheaper interpretation merely because it is more attractive.
Platforms, markets and holding conditions
Sections ↑Platform and service routes
| Route | Published capability | Important boundary |
|---|---|---|
| MetaTrader 4 | Forex/CFD trading, desktop and mobile ecosystem | The extended-hours stock-CFD service is not supported on MT4.Source 1Source 8 |
| MetaTrader 5 | Multi-asset derivatives platform | Supports the named 24/5 stock-CFD list.Source 1Source 8 |
| cTrader | Derivatives trading and extended-hours stock CFDs | Availability remains account- and region-dependent.Source 1Source 8 |
| TradingView | Chart-led order route and extended-hours stock CFDs | A platform connection does not make every BlackBull instrument available.Source 1Source 8 |
| BlackBull Invest | Separate share-investing route | Higher published funding minimum and a different product relationship.Source 3 |
Selected instrument and contract mechanics
| Instrument / feature | Published rule | Operational meaning |
|---|---|---|
| EUR/USD | 100,000-unit standard lot; 0.01 minimum | The minimum is 1,000 base-currency units before leverage and price movement.Source 9 |
| Gold CFD | 100-unit lot; 0.01 minimum | The contract is one unit at the minimum trade size.Source 9 |
| Bitcoin CFD | 1-unit lot; 0.01 minimum; fixed leverage shown up to 1:100 | Crypto contract terms differ from the headline FX leverage.Source 9 |
| 24/5 U.S. stock CFDs | More than 90 selected symbols; Sunday 22:05 GMT to Friday 20:55 GMT | Spreads can widen outside the underlying exchange session.Source 8 |
| Extended-hours platform set | MT5, cTrader and TradingView | MT4 is specifically excluded from this service.Source 8 |
Funding, swap-free treatment and legal scope
Sections ↑Funding and account administration
| Operation | Published rule | Scope |
|---|---|---|
| Deposit | No BlackBull deposit fee | Provider and currency-conversion charges may still apply.Source 5 |
| Withdrawal | USD 5 internal fee per request | Minimums and regional method availability differ; card refunds follow the original-funds hierarchy.Source 4Source 5 |
| Card withdrawal | Up to the initially deposited amount | Profit may need another method after the original card amount is returned.Source 4Source 5 |
| No-activity account | No inactivity fee currently | This does not remove financing or swap-free administration on open positions.Source 7Source 6 |
Swap-free position timeline
| Point | Published condition | Example consequence |
|---|---|---|
| Eligibility | Available only in approved markets and at BlackBull discretion | Swap-free is not a universal feature of every account or residence.Source 1Source 6 |
| First administration charge | Fifth rollover period | A position closed before that point avoids the published administration charge.Source 6 |
| Repeat charge | Every five days until closure | A 12-day position receives charges at the fifth and tenth rollovers.Source 6 |
| Charging unit | USD per lot, symbol-specific | A 0.1-lot position is charged at 10% of the listed symbol fee.Source 6 |
Selected group companies
| Legal entity | Published reference | Profile scope |
|---|---|---|
| Black Bull Group Limited | New Zealand company 5463921; FSP403326 | Group company and New Zealand financial-service-provider registration.Source 10Source 2 |
| BBG Limited | Seychelles company 857010-1; FSA SD045 | Seychelles investment-services company named on the international site.Source 10Source 2 |
| Black Bull Trade Limited | New Zealand company; FSP1002113 | Separate company identified in the footer disclosures.Source 2 |
BlackBull is most useful to compare by route: spread-only versus commission pricing, derivatives versus underlying investing, ordinary sessions versus selected 24/5 stock CFDs, and standard financing versus swap-free administration. Keeping those distinctions together makes the profile a working reference rather than a list of promotional minima.
Withdrawal timing and escalation
Sections ↑After withdrawal approval
| Item | Published rule | Practical meaning |
|---|---|---|
| Cards | Typically one to three business days after processing. | The internal approval step comes first. |
| Skrill / Neteller | Generally the same business day once approved. | Provider delivery is distinct from request submission. |
| Local / international bank transfer | Typically one to three business days after processing/approval. | Correspondent banks can make international transfers longer. |
| Crypto | Generally same business day after internal approval and blockchain confirmation. | Network confirmation is not controlled by the trading platform. |
Requests outside business hours or near the working-day cutoff may wait until the next business day. Verification, incomplete payment details and public holidays can add time; these are published service indications, not measured withdrawal results.[11]
The international complaint page directs formal escalation to [email protected]. It states acknowledgement within two business days and a written response within 21 business days. It identifies the Seychelles FSA as an external escalation route if the customer is dissatisfied or has no response after that period. This is the BBG/Seychelles route; a New Zealand account requires the procedure supplied by its own contracting company.[12]
Company background & evidence
Sections ↑- Headquarters
- Auckland, New Zealand
- Founded
- 2014
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Black Bull Group Limited
No separate licence entry is recorded in this panel.
BBG Limited
No separate licence entry is recorded in this panel.
Black Bull Trade Limited
New ZealandSource 2
No separate licence entry is recorded in this panel.
Sources & further reading
- Trading account type comparison BlackBull Markets · Accessed 9 Oct 2026
- Commissions explained BlackBull Markets · Accessed 9 Oct 2026
- Minimum deposits explained BlackBull Markets · Accessed 9 Oct 2026
- Deposit and withdrawal methods BlackBull Markets · Accessed 9 Oct 2026
- Deposit and withdrawal fees BlackBull Markets · Accessed 9 Oct 2026
- Swap-Free Accounts Admin Fees BlackBull Markets · 13 Oct 2025 · Accessed 9 Oct 2026
- Does BlackBull Markets charge inactivity fees? BlackBull Markets · Accessed 9 Oct 2026
- Trading conditions for 24/5 stock CFDs BlackBull Markets · Accessed 9 Oct 2026
- Minimum trade sizes and lot sizes BlackBull Markets · Accessed 9 Oct 2026
- About BlackBull Markets and legal entities BlackBull Markets · Accessed 9 Oct 2026
- Deposit and withdrawal processing stages BlackBull Markets · Accessed 15 Oct 2026
- Complaints and dispute resolution — Seychelles route BlackBull Markets · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.