Bull Market Brokers provides Argentine securities, CEDEARs, bonds, options, futures, funds and a separately described US-market route. Current marketing supplies headline rates, while the accessible May 2026 tariff explains detailed fee components. A newer September CNV filing and renamed pricing tiers mean those older detailed figures must be read with their dates. Exchange, depositary, tax and assisted-dealing charges can apply in addition.[3][2][1]
Accounts and eligibility
Sections ↑Account comparison01
Five self-managed pricing tiers in the official tariff — dated public PDF
| Item | Terms and scope |
|---|---|
| Digital Account | Standard online schedule; no qualifying volume or wealth requirement established in PDFSource 2 |
| Active Trader | Previous month traded volume exceeds ARS 5 millionSource 2 |
| Active Trader Plus | Previous month traded volume exceeds ARS 25 millionSource 2 |
| Wealth Management | May 2026 PDF threshold: over USD 100,000 MEP equivalent; not certified as the current renamed tierSource 2 |
| Wealth Management Premium | May 2026 PDF threshold: over USD 250,000 MEP equivalent; not certified as the current renamed tierSource 2 |
Account comparison02
Account setup versus ongoing tier eligibility — dated public PDF
| Item | Terms and scope |
|---|---|
| Online account opening | Site advertises zero account-opening chargeSource 3 |
| Account maintenance | Site advertises zero maintenance chargeSource 3Source 2 |
| Digital identity | Personal identity, bank origin and tax information required to onboard under local rulesSource 1Source 6 |
| Active tier reference period | Prior calendar month trading volume determines categorySource 2 |
| Volume thresholds | Tariff terms refer to peso turnover, with classification thresholdsSource 2 |
| Wealth threshold denomination | US-dollar MEP equivalent of qualifying portfolio holdingsSource 2 |
Account comparison03
Client segmentation that affects suitability — dated public PDF
| Item | Terms and scope |
|---|---|
| Natural-person investor | Access to securities and currency-conversion investment routesSource 1Source 6 |
| Active trader | Lower fees available with adequate preceding-month volumeSource 2 |
| Asset-backed wealth route | Different thresholds and advisory servicingSource 2 |
| Institutional services | Bull website advertises Bull Institucional separatelySource 6 |
Account comparison04
Opening cost and minimums
| Item | Terms and scope |
|---|---|
| Account opening | Advertised without a chargeSource 6 |
| Maintenance | Advertised without a chargeSource 6 |
| Opening minimum | Main-site FAQ says none for the investment accountSource 6 |
| Instrument minimum | Individual funds or securities can still have their own order minimumSource 6 |
Products and market access
Sections ↑At a glance05
Domestic Argentine investments — dated public PDF
| Item | Terms and scope |
|---|---|
| Bursátil equities | Argentine exchange company sharesSource 6Source 2 |
| CEDEARs | Argentine certificates representing overseas assetsSource 2Source 6 |
| Sovereign bonds | Argentine government debt in multiple currencies/settlementsSource 2Source 6 |
| Obligaciones negociables | Corporate debt instruments traded locallySource 2Source 6 |
| Treasury bills | Letras with separate lower published commission classesSource 2 |
| Mutual funds / FCI | Fund subscriptions/redemptions with no separate broker commission in scheduleSource 2Source 6 |
At a glance06
Listed derivatives and financed trading — dated public PDF
| Item | Terms and scope |
|---|---|
| Financial options | Domestic listed option premiums with separate exercise chargesSource 2 |
| ROFEX financial futures | Exchange futures schedule quoted separately in percentages and USD market costsSource 2 |
| Securities repo / caución | Loans/placements against traded instruments with monthly fee scheduleSource 2 |
At a glance07
Domestic MEP and international exposure — dated public PDF
| Item | Terms and scope |
|---|---|
| Dollar MEP | Investor obtains USD exposure using local securities legsSource 6Source 2 |
| Dollar CCL | Transfer/settlement route using qualifying securities overseasSource 6Source 2 |
| Direct US stocks, ADRs, ETFs | International segment explicitly listed in tariffSource 2Source 5 |
| Crypto-linked branding | Site advertises adjacent financial technology servicesSource 6Source 1 |
Specifications08
International access and the separate future service
| Item | Terms and scope |
|---|---|
| Current main-site offer | US shares, ETFs and ADRs from the local accountSource 6Source 5 |
| Bull Internacional page | Marked coming soon and directed at a distinct international serviceSource 6Source 5 |
| CEDEAR | Local receipt for a foreign underlying; different from a directly held US securitySource 6Source 5 |
Costs and charges
Sections ↑Pricing & charges09
Official May 2026 web/app commissions by tier
| Item | Terms and scope |
|---|---|
| Domestic equities and CEDEAR Digital | 0.50% of eligible transaction valueSource 2 |
| Domestic equities and CEDEAR Active Trader | 0.25% published client commissionSource 2 |
| Domestic equities and CEDEAR Active Trader Plus | 0.10% published commissionSource 2 |
| Domestic equities and CEDEAR Wealth | 0.40% published commissionSource 2 |
| Domestic equities and CEDEAR Wealth Premium | 0.25% published commissionSource 2 |
Pricing & charges10
Other official transaction schedules — dated public PDF
| Item | Terms and scope |
|---|---|
| Domestic bonds and corporate notes Digital | 0.50% broker fee plus published 0.010% market levySource 2 |
| Domestic listed options Digital | 0.50% plus 0.200% published market rightSource 2 |
| Option exercise Digital | 0.50% plus published 0.080% market feeSource 2 |
| ROFEX futures Digital | 0.50% versus 0.10% under certain other account tiersSource 2 |
| Treasury bills Digital | 0.25% plus published 0.001% market rightSource 2 |
| Funds subscription and redemption | Zero extra broker transaction commission shown across five tiersSource 2 |
| US stocks, ADRs and ETFs | 0.50% Digital, 0.25% Active, 0.10% Active Plus, 0.40% Wealth, 0.25% Wealth PremiumSource 2 |
Pricing & charges11
Intraday concession and its exclusions — dated public PDF
| Item | Terms and scope |
|---|---|
| Intraday Digital | 0.25% on matched trades in specified eligible instrumentsSource 2 |
| Intraday Active Trader | 0.125%Source 2 |
| Intraday Active Plus | 0.05%Source 2 |
| Intraday matching | Same instrument, day, quantity, settlement period and currencySource 2 |
| Excluded MEP/option/T-bills/US assets | Tariff expressly excludes these from this promotionSource 2 |
Pricing & charges12
Assisted orders, VAT and market rights — dated public PDF
Pricing & charges13
Current marketing and dated tariff conflict
| Item | Terms and scope |
|---|---|
| Advertised base rate | 0.50% for shares, CEDEARs, bonds, ONs and options;0.25% bills/auctionsSource 3Source 2Source 1Source 8 |
| Marketing tier labels | Active Trader, Signature and Signature Premium; discounts described as up to 80%Source 3Source 2Source 1Source 8 |
| Accessible detailed PDF | May 2026 columns use Digital, Active Trader/Plus and Wealth namesSource 3Source 2Source 1Source 8 |
| Newer filing | CNV identifies 18 September 2026 tariff filing 3571511; its full attachment did not render in this reviewSource 3Source 2Source 1Source 8 |
The dated PDF remains useful for understanding how commission, market rights, tax, assisted dealing and transfers are separated. It cannot certify every current tier: CNV lists a newer September filing, and the marketing page uses different tier names. The older tier figures below are therefore historical published examples, not an assurance of the charge assigned to a newly opened account.[3][2][1]
Platforms, orders and execution
Sections ↑At a glance14
How a self-directed broker order differs by route — dated public PDF
| Item | Terms and scope |
|---|---|
| Web/APP | Lower self-directed percentages in five tariff columnsSource 2 |
| Assisted phone | Separately higher scheduled commissions/minimumsSource 2 |
| Local equities/CEDEAR | Execution on Argentine securities venuesSource 6Source 2 |
| US international equities | Foreign-market segment for shares, ADRs and ETFsSource 2Source 5 |
| Options | Separate trade and exercise fee entriesSource 2 |
| ROFEX futures | Trades subject to venue clearing and market-right scheduleSource 2 |
At a glance15
Intraday netting mechanics — dated public PDF
| Item | Terms and scope |
|---|---|
| Matched same-day quantity | Same security, volume, currency and settlement conventionSource 2 |
| Partial same-day closing | Only matched amount potentially qualifiesSource 2 |
| Dollar MEP legs | Expressly carved out of intraday discountSource 2 |
| US asset day trading | Expressly excluded from intraday scheduleSource 2 |
At a glance16
Automatic and manual MEP/CCL modes
| Item | Terms and scope |
|---|---|
| Automatic | Main-site FAQ describes a one-click route that handles the securities operationSource 6Source 2 |
| Manual | Customer manages the separate legsSource 6Source 2 |
| Market availability | The FAQ says both modes require the market to be openSource 6Source 2 |
| Intraday fee concession | The dated tariff excludes MEP from ordinary matched intraday discountsSource 6Source 2 |
Funding, settlement and transfers
Sections ↑At a glance17
Transfers and currency routes — dated public PDF
| Item | Terms and scope |
|---|---|
| Account-opening charge | Official landing page states zeroSource 3 |
| Ordinary local funding | Domestic ARS and local-USD electronic transfer listed without broker fee in tariffSource 2 |
| External foreign USD inward transfer | USD 100 charge in transfer tariff section dated August 2025Source 2 |
| External foreign USD outward transfer | USD 100 charge in same legacy-dated sectionSource 2 |
| Digital receipt of local securities | Free of charge in August 2025 transfer scheduleSource 2 |
| Electronic dispatch local securities | ARS 500 per security in legacy-dated scheduleSource 2 |
| US custody movement | USD 100 foreign securities reception and dispatch in legacy tariffSource 2 |
At a glance18
Corporate actions and conversions — dated public PDF
| Item | Terms and scope |
|---|---|
| Dividend collection | Document lists 1.00% intermediary fee in additional-services sectionSource 2 |
| ADR conversion | Legacy schedule lists USD 5 per 100 ADR plus USD 100Source 2 |
| CEDEAR conversion | Legacy schedule lists variable USD 0.01–0.03 per receipt plus USD 100Source 2 |
| Caja de Valores certificate | Separate local depository administrative feesSource 2 |
At a glance19
Local securities used to obtain USD — dated public PDF
Regulation and client assets
Sections ↑Entities & regulation20
Who is regulated and what the status means — dated public PDF
| Item | Terms and scope |
|---|---|
| Broker legal person | Bull Market Brokers S.A.Source 1Source 2 |
| CNV class | Agente de Liquidación y Compensación Propio (ALyC)Source 1 |
| CNV broker matrícula | No. 247Source 1 |
| Fund distribution | ACyDI FCI no. 28 stated on PDFSource 2 |
| CNV registered address | 25 de Mayo 350, 9th floor, Buenos Aires on current CNV entrySource 1 |
| Operating office | Bouchard 680, 8th floor, Buenos AiresSource 1 |
Entities & regulation21
Protections and the risks that remain — dated public PDF
| Item | Terms and scope |
|---|---|
| Client securities | Local capital-markets custody and settlement framework appliesSource 1 |
| Custodian administration | Caja de Valores and foreign intermediaries may be involvedSource 2 |
| Issuer default | ALyC supervision does not remove sovereign/corporate credit riskSource 1Source 6 |
| US securities | Foreign-market custody and execution route different from domestic share receiptSource 2Source 5 |
| Futures margin | Collateral and liquidation under exchange/counterparty termsSource 2 |
Support and account records
Sections ↑At a glance22
Public contacts and issue routing — dated public PDF
| Item | Terms and scope |
|---|---|
| Office phone | 0800 345 0223 shown on issuer fee PDFSource 2 |
| Regulator filing mailbox | [email protected] published in regulator entrySource 1 |
| Legal address | 25 de Mayo 350, floor 9, Buenos AiresSource 1 |
| Operations address | Bouchard 680, floor 8, Buenos AiresSource 1 |
| Help articles | Official support centre details commission calculationsSource 4 |
At a glance23
Current fraud-reporting route
| Item | Terms and scope |
|---|---|
| Urgent report | [email protected]Source 7Source 9 |
| Coverage claim | The contact page advertises fraud-report intake 24/7Source 7Source 9 |
| Account access | Use the official app/site to reset access after suspected phishingSource 7Source 9 |
| Security secret | The company says staff do not request passwords or security codes by telephoneSource 7Source 9 |
At a glance24
Published authentication method
| Item | Terms and scope |
|---|---|
| OTP | Six-digit code described as part of two-factor authenticationSource 7 |
| Delivery | Official contact page identifies WhatsApp delivery on sign-inSource 7 |
| Password / code | Never share with a purported representativeSource 7 |
| Domain verification | The contact page lists bullmarket.com.ar, bullmarketbrokers.com, bullpay.com.ar and bull.com.ar as official communication domainsSource 7 |
Research and additional services
Sections ↑At a glance25
Additional services and third-party roles — dated public PDF
| Item | Terms and scope |
|---|---|
| Bull Educa | Educational content and market basics published by brandSource 6 |
| Investment assistance | Website markets human plus AI advisory support without separate headline costSource 3 |
| Bull International | The dedicated Bull Internacional page is marked coming soon; the main site separately advertises US securities through the local accountSource 5Source 2 |
| Bull Fondos | Third-party and own mutual fund distributionSource 6Source 2 |
| Bull Institucional | Dedicated corporate/institutional servicingSource 6 |
| Bull Pay | Site advertises wallet/card adjacent to brokerageSource 3Source 1 |
At a glance26
Service economics beyond headline rate — dated public PDF
| Item | Terms and scope |
|---|---|
| Robo/AI tool | Human-plus-AI marketing claim says no advisory headline chargeSource 3 |
| FCI subscription/redemption | Zero direct brokerage feeSource 2 |
| Phone-assisted trading | Higher commission for dealer-assisted executionSource 2 |
| Wealth route | Asset thresholds in MEP-dollar equivalentSource 2 |
At a glance27
Advice and adjacent services
| Item | Terms and scope |
|---|---|
| Digital guidance | Main site advertises investment assistanceSource 6Source 3Source 2 |
| Human plus AI | Marketing describes advisory support; it does not establish autonomous trading authoritySource 6Source 3Source 2 |
| Bull Pay | Adjacent wallet/payment branding has its own service termsSource 6Source 3Source 2 |
| Funds | FCI distribution is identified separately from securities executionSource 6Source 3Source 2 |
Company and legal entities
Sections ↑At a glance28
Legal identity and marketed products — dated public PDF
| Item | Terms and scope |
|---|---|
| Corporate legal name | Bull Market Brokers S.A.Source 1 |
| Registration type | ALyC PropioSource 1 |
| Registration no. | 247 on official CNV registerSource 1 |
| Funds distribution licence | No. 28 ACyDI FCI listed in tariffSource 2 |
| Digital/Active/Wealth classes | Client commission tiers of same brokerageSource 2 |
| Investment app | Web/app channel for broker ordersSource 3Source 2 |
At a glance29
Compliance date distinctions — dated public PDF
At a glance30
Registry identity and dated filings
- Headquarters
- Argentina
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Bull Market Brokers S.A.
ArgentinaSource 1
No separate licence entry is recorded in this panel.
Important account distinctions
Sections ↑At a glance31
Worked commissions — illustrative, broker fee only unless stated — dated public PDF
| Item | Terms and scope |
|---|---|
| ARS 1,000,000 Digital domestic equities | 0.50% = ARS 5,000 broker commission; 0.070% published market fee = ARS 700Source 2 |
| ARS 1,000,000 Active Trader eligible equities | 0.25% = ARS 2,500 broker commission; ARS 700 market right if applicableSource 2 |
| ARS 1,000,000 Active Trader Plus equities | 0.10% = ARS 1,000 broker commission; market levy separatelySource 2 |
| ARS 1,000,000 Digital matched intraday | 0.25% = ARS 2,500 brokerage each qualifying relevant leg; market right separatelySource 2 |
| ARS 1,000,000 Digital bonds | 0.50% = ARS 5,000 broker commission plus 0.010% published levy = ARS 100Source 2 |
| ARS 1,000,000 Digital T-bills | 0.25% = ARS 2,500 plus 0.001% market right = ARS 10Source 2 |
Sources & further reading
- CNV register Bull Market Brokers SA ALyC Propio matrícula 247 Comisión Nacional de Valores · Accessed 27 Oct 2026
- Bull Market Brokers full commission tariff sections I–III (first sections May 2026, later legacy section dated 2025) Bull Market Brokers · Accessed 27 Oct 2026
- Official broker costs and tariff download Bull Market Brokers · Accessed 27 Oct 2026
- Official commission explainers Bull Market Brokers · Accessed 27 Oct 2026
- Bull International dedicated overseas trading route Bull Market Brokers · Accessed 27 Oct 2026
- Account/product navigation: equities, local fixed income, funds, options and futures Bull Market Brokers · Accessed 27 Oct 2026
- Bull Market Brokers official contact methods Bull Market Brokers · Accessed 27 Oct 2026
- CNV tariff filing 3571511 dated 18 September 2026 Comisión Nacional de Valores · Accessed 27 Oct 2026
- Bull Market authentication and fraud-reporting guidance Bull Market · Accessed 27 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.