August 2026 Verified Payouts Tracked: $54.8M+ across 18 Prop Firms
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Blackbull Markets

🇳🇿Top ECN Execution

True Institutional ECN Liquidity with Raw Spreads from 0.0 Pips and Sub-Millisecond Execution

4.8 / 5.0850 Verified ReviewsEst. 2014Auckland, New Zealand
Open Live Account
EUR/USD Spread0 pips
GBP/USD Spread0.2 pips
Commission$3.50 / side ($7.00 round turn)
Max Leverage1:500 (Pro) | 1:30 (Retail)
Min Deposit$100
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Live Measured Spreads & Trading Costs (8 Assets)

Real-time measured spreads on Raw ECN vs Standard account types for Blackbull Markets.

Test Live Spreads on Demo
Asset / SymbolCategoryRaw ECN SpreadStandard SpreadCommissionExecution
EUR/USDMajor Forex0.0 pips0.8 pips$3.50 / sidePure ECN DMA
GBP/USDMajor Forex0.2 pips1.0 pips$3.50 / sidePure ECN DMA
USD/JPYMajor Forex0.1 pips0.9 pips$3.50 / sidePure ECN DMA
AUD/USDMajor Forex0.2 pips1.1 pips$3.50 / sidePure ECN DMA
XAU/USD (Gold)Precious Metal1.2 pips2.4 pips$3.50 / sidePure ECN DMA
US30 / Dow JonesGlobal Index1.5 pts2.5 pts$0 (Zero)Pure ECN DMA
BTC/USD (Crypto)Crypto CFD$15.00$28.00$0 (Zero)Pure ECN DMA
US OIL / CrudeCommodities1.8 pips3.0 pips$0 (Zero)Pure ECN DMA

Trading Account Models Breakdown

Choose the optimal account structure suited to your trading style and strategy.

Recommended for Scalpers0.0 Pips

Raw Spread (ECN)

Direct institutional liquidity with zero markup on bid/ask quotes.

Commission:$3.50 / side ($7.00 round turn)
Min Deposit:$100
Platforms:MT4, MT5, cTrader
All-Inclusive Pricing0.8 Pips

Standard (STP)

Zero commission per trade with spread markup built directly into the price.

Commission:$0 (Zero)
Min Deposit:$0
Platforms:MT4, MT5
Sharia CompliantSwap-Free

Islamic Account

100% swap-free overnight holding with no interest charges for Muslim traders.

Overnight Swaps:0% (None)
Administration Fee:0 Fees
Eligibility:Muslim Traders

About Blackbull Markets & Server Infrastructure

Blackbull Markets is a New Zealand-regulated ECN broker offering high-speed institutional-grade liquidity directly to retail and professional traders. Utilizing Equinix NY4 and LD4 server co-location, they deliver ultra-low latency execution speeds and deep liquidity aggregation across multiple asset classes. Client funds are kept secure in segregated accounts with top-tier international banking institutions.

Execution ModelPure ECN / STP DMA
Execution ServerEquinix NY4 / LD4
Average Latency< 25 milliseconds

Supported Ecosystem

Platforms:
MetaTrader 4MetaTrader 5cTraderTradingViewBlackBull WebTraderMobile Apps
Tradeable Markets:
Forex (64+ pairs)IndicesCommoditiesCryptoShares CFDsMetals
Deposit & Withdrawal Methods:
Bank WireVisaMastercardSkrillNetellerUnionPayCrypto

Regulation & Safety Standards

Regulatory Authorities: FMA (New Zealand), FSA (Seychelles)
Segregated Client AccountsTier-1 Australian & UK Banks
Negative Balance ProtectionGuaranteed (100%)
Copy / Social TradingSupported
US Clients AcceptanceNot Accepted

Pros & Cons Analysis

Ultra-tight raw spreads starting from 0.0 pips
Sub-millisecond execution latency on Equinix NY4/LD4 servers
Full native integration with TradingView and cTrader
Institutional liquidity aggregation from top-tier tier-1 banks
Standard accounts include a wider spread markup with zero commission
No support for US resident retail clients

Frequently Asked Questions about Blackbull Markets

What are the typical EUR/USD spreads on Blackbull Markets?

Blackbull Markets offers raw spreads starting from 0 pips on ECN/Raw accounts with transparent commission pricing.

What is the minimum deposit required by Blackbull Markets?

The minimum deposit to start trading with Blackbull Markets is $100.

Is Blackbull Markets safe and regulated?

Yes, Blackbull Markets is authorized and regulated by tier-1 authorities: FMA (New Zealand), FSA (Seychelles), with client funds held in segregated tier-1 bank accounts.

What trading platforms does Blackbull Markets provide?

Blackbull Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, BlackBull WebTrader, Mobile Apps.

Are scalping and automated Expert Advisors (EAs) allowed on Blackbull Markets?

Yes, Blackbull Markets permits all trading styles including high-frequency scalping, news trading, hedging, and automated EA bots with no restrictions.

Verified Trader Reviews

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Blackbull Markets Review 2026: Spreads, Regulation & Trading Costs | Broker Judge | Broker Judge