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Broker Review: Is BlackBull Safe to Invest? Is BlackBull a Scam?
Abstract：Founded in 2014, BlackBull Markets is a global forex broker. In today’s article, we are going to show you what BlackBull looks like.
Please continue to read if you want to know whether BlackBull is a reliable forex broker.
In this article
WikiFX provides inquiry services in the forex field.
WikiFX evaluates the reliability of BlackBull based on the facts.
What is WikiFX?
| WikiFX is an authoritative global inquiry platform that provides basic information and regulatory license inquiries. |
| WikiFX can evaluate the safety and reliability of more than 59,000 global forex brokers. |
| WikiFX gives you a huge advantage while seeking the best forex brokers. For more information, such as the review and exposure of brokers, please visit our website (https://www.WikiFX.com/en) |
To explore whether BlackBull is a scammer, we evaluated this broker based on various aspects, such as regulatory status.
1. Evaluate the reliability of BlackBull based on its general information and regulatory status
To understand BlackBull better, we explore it by analyzing two main perspectives:
A. General Info of BlackBull
B. Regulatory Status
A. General Info of BlackBull
BlackBulls general info is shown below:
About BlackBull
According to its website, BlackBull Markets was founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman.
Since 2014, BlackBull Markets has served tens of thousands of traders from over 180 countries. It has established itself as a trusted and regulated ECN broker offering access to more than 26,000 tradable instruments including stocks, forex, CFDs, and commodities.
Account Type & Minimum Deposit
This broker offers three different types of accounts. They are the ECN Standard account, ECN Prime account, and ECN Institutional account. The minimum deposit for an ECN Standard account is $200; The minimum deposit for an ECN PRIME account is $2000; The minimum deposit for an ECN Institutional account is $20,000.
Leverage
BlackBull offers leverage of up to 1:500. It's recommended to use leverage wisely and only trades with funds you can afford to lose.
Trading Platform
BlackBull offers three choices of trading platforms, including the popular MetaTrader 4 and 5 platforms.
CopyTrader
BlackBull CopyTrader is an award-winning platform designed to connect traders to elite fund managers with a track record of success and proven trading strategies.
Traders can copy-trade with confidence on the BlackBull CopyTrader platform by using its advanced risk management features that let users determine exactly how they want to deploy their funds.
It can copy elite traders with a verified track record of trading. Leverage their expertise, tap into their market insights, and benefit from their proven track record.
B. Regulatory Status
What is a Legitimate License?
- The legitimate license is the business license issued by the financial regulatory institution of each country/region.
- Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under protection to some extent.
- Whether a forex brokerage firm holds a legitimate license or not is one of the important factors in evaluating the reliability of forex brokers.
- The regulation's content and the difficulty of obtaining a license vary by country and agency issuing the license.
The legitimate license of BlackBull
According to WikiFX, BalckBull operates under a strong regulatory frame.
2. The feedback from X
To figure out whether X is a scam or not, we did a survey about this broker on X.
- BlackBull has an official account on X. and it has around 13k followers.
- There are many market analyses related to this broker on X. and most posters are positive toward it.
3. Recent Events
In June 2024, BlackBull Joins Starship Foundation as a Major Partner. BlackBull Markets partners with Starship Foundation, pledging sponsorship to support pediatric healthcare and vital services at New Zealand's national children's hospital.
4. Special survey about BlackBull from WikiFX
A. Scoring Criteria
WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.
| The Scoring Criteria of Brokers on WikiFX |
| License index: reliability and value of licenses |
| Regulatory index: license regulatory strength |
| Business index: enterprise stability and operational capability |
| Software index: trading platform, instruments, etc |
| Risk Management index: the degree of asset security |
BlackBull has been given by WikiFX a decent rating of 7.76/10.
B. Field Investigation
- To help you fully understand the broker, WikiFX also investigates the brokers by sending surveyors to the brokers physical addresses.
- On WikiFX, you can visually check the physical addresses of brokers by pressing the “Survey” button.
- WikiFX did make an on-site survey on BlackBulls address in Seychelles in 2024 and found its office.
5. Conclusion
All over, BlackBull is a sophisticated broker that offers excellent trading services to its global clients. It is regulated and welcomed by many traders. It may be a good choice for you to start your trading journey. However, we still want to remind you of the potential risk in the forex trading. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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