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BlackBull Markets Canada is not regulated according to ESMA requirements, but is subject to the control of the local supervisory authority.
Registered office and regulation of BlackBull Markets Canada
BlackBull is headquartered in New Zealand in Auckland. It is regulated by the National Financial Supervisory Authority (FSPR) and registered under number FSP403326. From New Zealand, the broker has so far mainly focused on the Asian region. In Europe, the number of customers is still rather limited, here BlackBull is currently only making a name for itself as a serious broker with an extensive range of financial instruments.
Account opening
The account opening takes place online and consists of four steps. After entering your personal data, you will receive a confirmation link by email. Then the application will be checked and activated. After the first deposit, you can start trading.
Before the request to open an account is approved, the application goes through several steps. First of all, BlackBull documents the identity of the customer and the type of trade, as well as his income and investment goals. An identity check is then carried out.
A valid passport or ID card is sufficient for Canadian customers. The customer must also send a photo of himself that is comparable to the photo on his ID. As proof of residence, BlackBull requires an electricity bill or a telephone bill or a bank statement showing the current address. The evidence may not be older than three months. A valid bank account or credit card account must also be provided. By comparing these documents, BlackBull verifies that the person
Minimum deposit at BlackBull Markets Canada
The amount of the minimum deposit depends on the selected trading account. BlackBull provides three types of accounts and appeals to traders with different backgrounds and prior knowledge. The minimum deposit is $ 200 and applies to the standard account. With the standard account, BlackBull is aimed primarily at beginners and traders who only trade occasionally. The “main account” variant requires a minimum deposit of 2,000 US dollars, the professional “institutional” account for professional traders requires a minimum deposit of 20,000 US dollars and is therefore particularly suitable for traders who invest on a large scale.
BlackBull Markets Canada deposits and withdrawals
BlackBull accepts bank transfers and all major credit and debit cards. Local bank deposits and payment systems such as Skrill, Neteller or Union Pay are also accepted. The management of the account and thus the currency for deposits and withdrawals can be set at will. You can choose from the Australian dollar AUD, but also the currencies US dollars, euros, British pounds, Swiss francs, New Zealand dollars, Canadian dollars, Singapore dollars and Hong Kong dollars. In this way, BlackBull does justice to the interests of its international customers.
The BlackBull Markets Canada trading offer
With only one online platform, you have access to over 80 trading instruments at BlackBull. This primarily includes currencies, oils, indices and metals. More than 64 currency pairs, indices from all important markets, precious metals such as gold or silver and raw materials such as gas and energy make up the offer. Foreign exchange trading has a special focus. What is to be emphasized here is the leverage of a maximum of 500: 1, which means that an attractive profit can be achieved with little investment. If you want to add to your portfolio and spread the risk, the index CFDs segment is an option. Here, BlackBull relies on its own trading technology to enable a fast and effective process for every transaction. The leverage of a maximum of 500: 1 also applies to raw materials,
Available trading platforms
BlackBull Markets relies on MetaTrader 4 and thus on the platform that enjoys a very good reputation among traders worldwide. MetaTrader 4 enables all financial instruments to be traded on the selected account without changing the interface. This not only makes trading comfortable, but also quick and effective.
Meta Trader 4 can be used with all common operating systems and is also available for the Mac. The mobile apps for the smartphone or the tablet are also possible, the program is optimized for Android and iOS. If you do not want to download the Meta Trader 4 desktop app, you can choose the web version and are therefore completely independent of a single computer. You can trade anywhere and on any device without having to download an app. Trading via smartphone or tablet is also easily possible in this way.
The further development of Meta Trader 4 – Meta Trader 5 – should be available soon with even better services. Those who like to act in an automated way use the Virtual Private Server (VPS) systems and thus have the opportunity to achieve even better results on the one hand, but also to absorb occasional downtimes on the other. Social trading is also interesting in this context. Through cooperation with various platforms, traders can observe and copy the transactions of successful traders. This gives you the chance, on the one hand, to achieve your first successes faster and, on the other hand, to learn from the experiences of the professionals.
The further development of Meta Trader 4 – Meta Trader 5 – should be available soon with even better services. Those who like to act in an automated way use the Virtual Private Server (VPS) systems and thus have the opportunity to achieve even better results on the one hand, but also to absorb occasional downtimes on the other. Social trading is also interesting in this context. Through cooperation with various platforms, traders can observe and copy the transactions of successful traders. This gives you the chance, on the one hand, to achieve your first successes faster and, on the other hand, to learn from the experiences of the professionals.
The further development of Meta Trader 4 – Meta Trader 5 – should be available soon with even better services. Those who like to act in an automated way use the Virtual Private Server (VPS) systems and thus have the opportunity to achieve even better results on the one hand, but also to absorb occasional downtimes on the other. Social trading is also interesting in this context. Through cooperation with various platforms, traders can observe and copy the transactions of successful traders.
This gives you the chance, on the one hand, to achieve your first successes faster and, on the other hand, to learn from the experiences of the professionals. uses the Virtual Private Server (VPS) systems and thus has the opportunity to achieve even better results on the one hand, but also to absorb occasional downtimes on the other.
Social trading is also interesting in this context. Through cooperation with various platforms, traders can observe and copy the transactions of successful traders. This gives you the chance, on the one hand, to achieve your first successes faster and, on the other hand, to learn from the experiences of the professionals. uses the Virtual Private Server (VPS) systems and thus has the opportunity to achieve even better results on the one hand, but also to absorb occasional downtimes on the other. Social trading is also interesting in this context. Through cooperation with various platforms, traders can observe and copy the transactions of successful traders. This gives you the chance, on the one hand, to achieve your first successes faster and, on the other hand, to learn from the experiences of the professionals.
The BlackBull Markets Canada App: Mobile trading
Since BlackBull uses the established Meta Trader 4, you can use the respective apps for Android and iOS for mobile trading. This means that you can trade flexibly and independently on all common smartphones and tablets and are not tied to your PC.
BlackBull Markets Canada deposit / withdrawal
Various options are available for deposits and withdrawals. Choose between bank transfers, all major credit cards, local bank deposits or between the systems Skrill, Neteller or Union Pay. The payout time usually only takes 24 hours. For international bank transfers, however, a term of three days should be allowed for.
Fees and costs
The fees depend on the selected account. There is no commission for the standard account. This gives beginners the chance to start trading without significant fees. Most importantly, there is no need to trade large sums right away to save money. The main account has costs of six US dollars per transaction, while the fees for the institutional account can be negotiated. That makes sense, because those who act on a large scale want to lower their fees as much as possible. This gives institutional traders some flexibility in setting their fees.
The BlackBull Markets Canada demo account
BlackBull Markets offers a free demo account. This allows you to test the platform with the most important functions free of charge and determine whether the broker meets your requirements. If you haven’t had any trading experience before, you can use the demo account to get an insight into buying and selling. In connection with the training material also provided, it should be easy for beginners to build up knowledge step by step. Anyone who already has a little more experience with trading foreign exchange, raw materials and the like will surely find one or the other helpful tip in the materials to further expand their existing knowledge.
Customer service / support
The online broker addresses customers all over the world and is so far not so well known in Canada. Nevertheless, the website is available in Canada so that customers with little knowledge of English can also read it easily. Customer service is available five days a week, 24 hours a day via email and live chat, and there is also a telephone hotline. Communication with the support team is possible in English. So when you contact support, you should have at least a basic knowledge of English and also master the most important technical terms.
That’s how serious the broker BlackBull Markets Canada is
Although BlackBull Markets is not so well known on the Canada market, it can be recommended very well for Canada traders. The range of trading instruments is extensive, it offers access to forex, CFDs, commodities and indices, so that with a single registration you will discover a multitude of investment opportunities for yourself. The three account variants are designed in such a way that beginners as well as experienced traders can feel addressed. The free demo account should be emphasized, and the selection of trading platforms for trading with the Meta Trader app and mobile trading also attract attention. Overall, it is to be expected that the online broker will continue to gain popularity on the Canada market.
Conclusion from our BlackBull Markets test: Our BlackBull experiences
The online broker from New Zealand is unreservedly recommended for Canada traders. It impresses with an extensive range of assets and a user-friendly trading platform that allows trading via desktop app and as a web version. Mobile trading via smartphone and tablet is also possible, the Meta Trader app is available for both Android and iOS. With the different account models, beginners with few transactions and low fees are addressed as well as professionals with a high trading volume. Regulation by the local supervisory authority rounds off the broker’s profile.