Black Bull Markets Review 2024: Copy Trading & Professional Execution
(4.0/5)
FSPR Regulated
Black Bull Markets is an FSPR regulated New Zealand based forex broker established in 2014, offering competitive spreads from 0.8 pips and professional trading conditions. Licensed by the Financial Service Providers Register (FSPR), Black Bull provides copy trading features, multiple account types, and supports both MT4 and MT5 platforms. The broker is known for its good execution quality and competitive pricing structure.
Key Features & Trading Conditions
Copy Trading
Follow and copy successful traders
Good Execution
Fast order execution with minimal slippage
VPS Hosting
Virtual private server for automated trading
Multiple Accounts
Various account types for different needs
Pros and Cons Analysis
Advantages
- FSPR regulation provides regulatory oversight
- Copy trading platform for social trading
- Good execution quality with minimal slippage
- Multiple trading platforms (MT4, MT5, Web)
- Competitive pricing structure
- VPS hosting available for automated trading
Disadvantages
- New Zealand regulation less recognized than EU
- Limited local presence in South Africa
- Higher spreads compared to ECN brokers
- Limited educational resources
- Customer support not 24/7
Account Types & Trading Conditions
Standard Account
Perfect for beginners and casual traders
- • Min Deposit: R360
- • Spreads: From 1.2 pips
- • Commission: None
- • Leverage: Up to 1:500
Prime Account
For active traders seeking better conditions
- • Min Deposit: R1,800
- • Spreads: From 0.8 pips
- • Commission: $3 per lot
- • Leverage: Up to 1:500
ECN Account
Raw spreads for professional traders
- • Min Deposit: R9,000
- • Spreads: From 0.1 pips
- • Commission: $3.5 per lot
- • Leverage: Up to 1:500