BlackBull Markets in Bulgaria 2025: Availability, Features, Fees, Pros & Cons, and More

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BlackBull Markets is an online Forex and CFD broker and trading platform that offers services to traders and investors worldwide. The broker is reputed for its low spreads (as low as 0.0 pips), fast execution, and wide range of trading instruments. Based in New Zealand, it is regulated by top regulatory authorities, including the FMA, FSA, FSPR, and FSP. BlackBull Markets offers over 26,000 trading instruments, including Forex, commodities, equities, indices, and metals.

If you are a trader living in Bulgaria, you may wonder if you can access BlackBull Markets in your country. The answer is “Yes”—BlackBull Markets is available in Bulgaria.

In this article, we will explore more about BlackBull Markets, including its features, leverage, pros, and cons for traders in Bulgaria. We will also discuss the account opening process, deposit and withdrawal options, and more to help you make a better decision about whether BlackBull Markets is the right choice for your trading needs in Bulgaria.

Can I Trade on BlackBull Markets in Bulgaria?

Yes, you can trade on BlackBull Markets in Bulgaria. The broker is available to traders and investors in Bulgaria. BlackBull is an online Forex broker that provides its services globally, including in Bulgaria. The broker is regulated in multiple jurisdictions worldwide, including the FMA, FSA, and FSP. Traders and investors from Bulgaria can trade under its global entity, BBG Limited (trading as BlackBull Markets), which is regulated by the FSA.

Blackbull Markets Overview

Blackbull Markets  Overview
  • Founded In: 2014
  • Founder: Michael Walker and Selwyn Loekman
  • Trading Instruments: 26000+ trading instruments including Forex, Equities, Commodities (Energies, agriculture, and Metals), Futures, Indices
  • Minimum Deposit: between $0 and $20,000 ( $0 for Standard, $2000 for Prime, $20,000 for Institutional Accounts) 
  • Maximum Leverage: upto 1:500
  • Regulations: FMA ,FSA
  • Trading platform: MT4,MT5, Ctrader, Tradingview
  • Trading Tools: Trading Tools: VPS, Zulutrade, Myfxbook,  Calculators,
  • Trading Fees: starting from 0.8 pips spreads for Standard account, 0.1 pips spread+$4 per lot for Price account, Spreads 0.0 + $4 per lot for Institutional Account.  
  • Account Types: Standard, Prime, Institutional
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Cryptocurrency, FasaPay, Neteller, Skrill, UnionPay
  • US Traders: Not Accepted

Yes, Blackbull Markets is legal in Bulgaria. As Blackbull Markets is a global forex broker, it is regulated by top-tier authorities around the world. Moreover, there are no restrictions on Blackbull Markets imposed by any authorities in Bulgaria. Therefore, you can trade forex confidently with Blackbull Markets  in Bulgaria without any legal concerns

Is BlackBull Markets Safe and Trustworthy in Bulgaria?

Yes, BlackBull Markets is committed to providing a safe and trustworthy trading environment for traders worldwide, including those in Bulgaria. While the broker is not regulated by major authorities such as ASIC, CySEC, or the FCA, it is regulated by the Financial Markets Authority (FMA) in New Zealand and the Financial Services Authority (FSA) in Seychelles. These regulations contribute to its reputation as a trusted broker.

Here’s how BlackBull Markets ensures your safety:

Top Tier Regulations:

Blackbull Markets is regulated by top regulatory authorities including FMA, FSA, FSPR, and FSP. These regulatory bodies set stringent standards and conduct regular audits to ensure the broker’s compliance with industry best practices. This multi-layered regulatory framework enhances transparency and accountability which gives you peace of mind as you trade.

Segregated Clients Fund:

Blackbull Markets takes great care of client funds by storing them in segregated bank accounts. Client funds are securely held in segregated accounts within ANZ Bank in New Zealand, one of the most trusted banks globally. BlackBull prioritizes client security, as it is a registered New Zealand Financial Services Provider (FSP#: FSP403326) and a member of the consumer watchdog group FSCL (FSCL#: 5623)

Negative Balance Protection:

Blackbull Markets offers negative balance protection to its retail clients. This feature ensures that your account balance can never go below zero. It prevents you from incurring debts beyond your initial investment. It’s an additional layer of security that shields you from extreme market volatility and unexpected price movements.

Investor Protection:

BlackBull Markets does not provide investor protection schemes to its clients in Bulgaria. However, client funds are held in segregated accounts with ANZ Bank in New Zealand, one of the most trusted banks globally, ensuring an added layer of security.

How to Open a Trading Account with Blackbull Markets in Bulgaria

Blackbull Markets allows traders to open trading accounts online. As a trader in Bulgaria, you can open a trading account with simple steps. It may take less than 5 minutes to create an account. Here is the step-by-step guide to opening a trading account 

Step 1: Visit the Accounts Tab

Begin by visiting the Accounts section on the BlackBull Markets website. You will be presented with two sub-tabs: Live and Demo.

  • Live Account: This is where you open a real trading account for live market trading. You must provide personal details, financial information, and other documents to verify your identity.
  • Demo Account: If you’re new to trading or want to practice strategies without risking real money, you can opt for a demo account. It comes with virtual funds and allows you to trade in a simulated environment.

Choose the appropriate account type based on your preferences. For this guide, we will focus on creating a Live Account.

Step 2: Click on CREATE AN ACCOUNT

Once you’ve selected the type of account, click on the CREATE AN ACCOUNT button. This will direct you to a registration page where you must input your personal details.

  • Personal Information: You will be asked to provide basic personal information such as your full name, email address, phone number, country of residence, and date of birth.
  • Account Preferences: You will be required to select your preferred account type (Standard, ECN, etc.), trading platform (MetaTrader 4, MetaTrader 5), and base currency for your account (EUR, USD, GBP, etc.).
    Note: For residents of Bulgaria, BlackBull Markets supports multiple languages, including French, to make the process easier.

At this stage, you may be restricted from applying for a live trading account until your application has been reviewed and approved by the BlackBull Markets compliance team. Once approved, you will receive a confirmation email.

Step 3: Set Your Password

After submitting your personal details, you will be prompted to set a secure password for your new trading account. This password will be used to access your account on BlackBull Markets’ trading platform.

  • To set your password, click on the three-dot menu in the account creation section and select Reset Password.
  • Enter a strong, unique password that includes a combination of uppercase and lowercase letters, numbers, and special characters for added security.

Step 4: Submit and Confirm

After entering your password, confirm the details and click SUBMIT to complete the registration process.

  • You will receive an email confirmation with further instructions on how to verify your identity and activate your account. This verification may involve submitting documents such as a government-issued ID, proof of address (e.g., utility bills), and any other necessary documents to comply with regulatory requirements.

Step 5: Fund Your Account and Start Trading

Once your account is verified, you can fund it using various methods like bank transfer, credit/debit cards, or e-wallets (Skrill, Neteller). After depositing funds, you’ll have access to live markets and can start trading immediately.

How to Deposit Funds with Blackbull Markets in Bulgaria

  To deposit funds on Blackbull Markets in Bulgaria, follow the steps below 

  • Step 1: Log in to your Blackbull Markets account.
  • Step 2: Go to the ‘My Wallet’ tab in the Secure Client Area.
  • Step 3: Select the account you wish to deposit funds into and click ‘ADD FUNDS’.
  • Step 4: Choose your payment method (Visa, Mastercard, Bank Transfer, Crypto, etc.).
  • Step 5: Enter the deposit amount and click ‘NEXT’.
  • Step 6: Review the payment details and click ‘CONFIRM’ to complete the deposit.

How to Withdraw Funds from Blackbull Markets in Bulgaria

To withdraw funds from Blackbull Markets in Bulgaria, follow these simple steps:

  • Step 1: Log in to your Blackbull Markets account.
  • Step 2: Go to the ‘My Wallet’ tab in the Secure Client Area.
  • Step 3: Transfer funds from your trading account to your wallet if needed.
  • Step 4: Select the wallet you want to withdraw funds from and click ‘WITHDRAW’.
  • Step 5: Choose the withdrawal method (Bank Transfer, Visa, Crypto, etc.).
  • Step 6: Enter the withdrawal amount and click ‘NEXT’.
  • Step 7: Confirm your request and the status will change to “Pending.”

Blackbull Markets in Bulgaria: Reviewed

Here are the pros and cons of BlackBull Markets for the traders and investors of Bulgaria. 

Pros:

  • Regulated by  FMA, FSPR, FSP, FSA-S
  • Founded in New Zealand and operating globally
  • Professional and Retail Trading options 
  • No Minimum Deposit Requirement ($0) 
  • The Maximum Leverage is as  high as 1:500
  • Allow Scalping, News Trading, EA/Robot Trading 
  • Offers Multiple Trading platforms including MT4, MT5, WebTrader, TradingView
  • Supports multiple third-party copy trading platforms, such as ZuluTrade, Duplitrade, and Myfxbook.

Cons:

  • BlackBull lacks additional Tier-1 regulatory licenses outside of New Zealand.
  • $2,000 minimum deposit for Prime Account
  • The Ctrader platform is not offered 
  • Withdrawal fees 
  • Limited Research Tools 
  • Not very diverse range of tradable assets

Features of Blackbull Markets for the Traders in Bulgaria

The features of Blackbull Markets are almost the same across all countries. However, leverage, investment protection, compensation schemes, and trading conditions may vary depending on the jurisdiction in which you trade. The broker onboards the clients of Bulgaria under its global entity  BBG Limited (trading name: BlackBull Markets) which is regulated by FSA  Here are the specific features of Blackbull Markets  for traders in Bulgaria

What is the Maximum Leverage of Blackbull Markets in Bulgaria?

The maximum leverage offered by BlackBull Markets for traders in Bulgaria is 1:500. The leverage at BlackBull Markets varies based on tradable assets. The maximum leverage ranges between 1:25 and 1:500. Below are the maximum leverage ratios for different tradable assets in Bulgaria:

  • Forex/Metals: 1:500
  • Indices: 1:100
  • Cryptocurrencies: Between 1:25 and 1:100
  • Shares: 1:5
  • Futures: 1:20
  • Energies: 1:100

N:B: If your equity is between $0 and $200,000, the maximum leverage is 1:500 for Forex and Metals. However, if you deposit more than $200,000, you can negotiate leverage with the company. To learn more about leverage for each asset, you can read the contract specifications of BlackBull Markets.

What is the Minimum Deposit for Blackbull Markets in Bulgaria?

The minimum deposit for BlackBull Markets in Bulgaria  ranges from $0 to $20,000 or equivalent in EUR, based on the account type:

  • ECN Standard Account: $0 or Equivalent in EURO. ECN Standard account is good for beginners
  • ECN Prime Account: Minimum deposit of $2,000 or equivalent in EURO. ECN Prime account is designed for experienced traders. 
  • ECN Institutional Account: Minimum deposit of $20,000. ECN Institutional Account is Ideal for high-volume traders.

Blackbull Markets does not require any minimum deposit. You may deposit as low as possible for the ECN Standard Account. While ECN Prime and Institutional accounts require a higher minimum deposit. 

How much does BlackBull Markets charge in Bulgaria ( Spreads and Commissions)

BlackBull Markets charges spreads for the ECN Standard Account and ECN Prime Account, while only commissions are charged for the ECN Institutional Account in Bulgaria. Below are the trading fees based on account types:

  • ECN Standard Account: Spreads start from 0.8 pips (no commission charged).
  • ECN Prime Account: Spreads start as low as 0.1 pips ($6 per lot commission charged).
  • ECN Institutional Account: No spreads are charged ($6 per lot commission charged).

What Trading Platforms and Tools Does BlackBull Markets Provide in Bulgaria?

Blackbull Markets provides a variety of trading platforms for traders worldwide, including those in Bulgaria. These platforms include:

  • MT4
  • MT5
  • cTrader
  • TradingView
  • BlackBull Copy Trader 
  • BlackBull Invest 

Each platform offers advanced charting tools, a wide range of technical indicators, and rapid execution. You can use any platform according to your preference

What Types of Accounts Does BlackBull Markets Offer in Bulgaria?

BlackBull Markets primarily offers three account types for retail traders: the ECN Standard, ECN Prime, and ECN Institutional accounts. The Standard account operates on spreads, while the Institutional account is commission-based.

In addition to these, BlackBull Markets also provides other commonly available account types, categorized under ECN Standard, ECN Prime, or ECN Institutional. Below is an overview of the different trading accounts offered by BlackBull Markets.

Individual Accounts :

BlackBull Markets provides individual accounts to retail traders in Bulgaria. Individual accounts are personal trading accounts held by individual traders. These accounts are used for buying and selling financial assets such as stocks, forex, or commodities. Unlike joint accounts or corporate accounts, individual accounts are owned and managed by a single person. They provide traders with full control over their trading activities. Individual accounts allow clients to make independent investment decisions and manage their portfolios according to their preferences and risk tolerance

Joint Accounts:

BlackBull Markets offers joint accounts to traders and investors worldwide including Bulgaria. Joint accounts are shared accounts held by two or more individuals. In forex trading, joint accounts allow multiple parties, such as family members or business partners, to collectively invest and trade in the forex market. Each account holder has equal rights and responsibilities regarding the account’s management and trading activities.

Company or Corporate Accounts:

BlackBull Markets offers joint or corporate accounts in Bulgaria. Company or corporate accounts are offered for businesses or organizations that wish to trade in forex markets. These accounts allow companies to trade currencies and manage their financial assets within a structured and regulated framework, often with additional features such as multiple-user access and corporate account management services.

Demo Accounts:

BlackBull Markets offers demo accounts in Bulgaria. Demo accounts, also known as practice or simulated accounts, are virtual accounts provided by brokers for traders to practice trading without risking real money. These accounts simulate real market conditions and allow traders to test trading strategies, familiarize themselves with trading platforms, and gain practical experience in forex trading before starting to trade on live accounts.

Islamic Accounts:

BlackBull Markets offers Islamic accounts (swap-free) to traders and investors worldwide, including those in Bulgaria. Islamic accounts, also called swap-free accounts, are specifically designed for Muslim traders who wish to engage in forex trading while adhering to Islamic principles. These accounts operate without charging or paying interest (swap) on overnight positions, in compliance with Islamic finance principles that prohibit the payment or receipt of interest (riba). Instead, Islamic accounts may incur an administration fee or feature-adjusted spreads to account for the absence of swap charges.

What instruments does BlackBull Markets Offer in Bulgaria?

Blackbull Markets offers 26000+ forex and CFD Trading instruments for traders in Bulgaria. You can trade these instruments online with any BlackBull account. These instruments include 

  • Forex
  • Commodities 
  • Equities 
  • Indices 
  • Metals 
  • Cryptocurrencies

Trading Hours:

Blackbull Markets ensures that traders in Bulgaria can trade with the markets at their convenience. You can trade 24/5 on Blackbull Markets. This means that from Monday to Friday evening (Bulgaria local time), traders have the opportunity to access and manage their positions. This extended trading window accommodates traders with different schedules and time zones which allow them to capitalize on market movements whenever they see fit.

Customer Support:

Blackbull Markets has dedicated customer support for all its entities. They are professional and responsive. Blackbull Markets  offers customer support with the following means 

  • Live Chat 
  • Phone Support 
  • Email Support 
  • Call Back Request: 

What countries are restricted on BlackBull Markets

BlackBull Markets is a global forex broker offering services worldwide. However, due to regulatory requirements and business decisions, BlackBull Markets does not accept clients from many countries. These countries include : 

  • Afghanistan
  • American Samoa
  • Belarus
  • Burundi
  • Cameroon
  • Canada
  • Central African Rep
  • Congo, the Democratic Republic
  • Croatia
  • Cuba
  • Eritrea
  • Gaza Strip
  • Guam
  • Guinea Bissau
  • Haiti
  • Iran, Islamic Republic of
  • Iraq
  • Japan
  • Kosovo
  • Lebanon
  • Libya
  • Mali
  • Mozambique
  • Myanmar
  • Nigeria
  • North Korea
  • North Mariana Islands
  • Panama
  • Philippines
  • Puerto Rico
  • Russian Federation
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Tanzania
  • Ukraine
  • United States
  • United States Virgin Islands
  • West Bank (Palestinian Territory, Occupied)
  • Yemen

Frequently Asked Questions (FAQ)

Here are the most common questions asked by the traders and investors. 

What is BlackBull Markets?

Founded in 2014 by Michael Walker and Selwyn Loekman in Auckland, New Zealand, BlackBull Markets is a regulated forex and CFD broker offering access to over 26,000 instruments, including forex, commodities, shares, and ETFs. The broker supports multiple platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, cTrader, and its proprietary BlackBull Shares and BlackBull Trade. Social trading options are available through CopyTrader and ZuluTrade, while tools like free VPS and Autochartist enhance trading performance. With leverage up to 1:500 and true ECN execution, BlackBull enables a wide range of trading strategies, including scalping and algorithmic trading.

BlackBull Markets is regulated by the Financial Markets Authority (FMA) of New Zealand and the Financial Services Authority (FSA) of Seychelles, ensuring client fund protection through segregated accounts. Known for its fast execution and transparent pricing, BlackBull provides traders worldwide with competitive trading conditions and innovative features, making it a reliable choice for professional and retail traders alike.

Does BlackBull Markets Work in Bulgaria?

Yes, BlackBull Markets works in Bulgaria. You can open a trading account with BlackBull Markets in Bulgaria. The broker offers a wide range of trading instruments including Forex, Commodities, Equities, Indices, Metals, Cryptocurrencies, etc in Bulgaria. 

Is BlackBull Markets Good for Beginners in Bulgaria?

Yes, BlackBull Markets is suitable for both beginners and experienced traders. The broker is regulated in multiple jurisdictions, adding credibility and trustworthiness. It is beginner-friendly because it does not require a minimum deposit and offers a demo account, allowing new traders to practice or start trading with a small amount.

BlackBull Markets provides an easy-to-use interface, a wide range of trading instruments, fast execution speeds, and numerous deposit and withdrawal methods.

Does BlackBull Markets Have an Office in Bulgaria?

No, BlackBull Markets does not have an office in Bulgaria. However, it has offices in New Zealand. (Office Address  Level 20, HSBC Tower,188 Quay Street, Auckland 1010, New Zealand). Even though it doesn’t have an office in Bulgaria, traders from Bulgaria can communicate with BlackBull Markets through live chat, phone calls, emails, and by requesting a callback

Does Blackbull Markets Offer Swap Free Accounts in Bulgaria?

Yes, BlackBull Markets provides swap-free accounts for traders in Bulgaria. Swap-free accounts are suitable for those who require interest-free trading conditions due to religious or personal preferences. These accounts, commonly referred to as Islamic accounts, are designed to comply with Sharia law, ensuring no interest charges are applied for holding positions overnight.

However, there are specific conditions and limitations associated with BlackBull Markets’ swap-free accounts:

  • Time Restriction: Traders must close their positions within one week. If a position remains open beyond the allowed timeframe, it violates the terms of the swap-free account, and the account will be converted to a standard account.
  • Asset Exclusions: According to company policy, exotic currency pairs, cryptocurrencies, and equities are not eligible for trading under swap-free accounts.

Does BlackBull Markets offer any Bonus in Bulgaria?

Currently, BlackBull Markets does not provide bonuses to traders in Bulgaria or anywhere else globally. This approach aligns with the platform’s focus on transparent and fair trading practices, ensuring that traders engage in the markets based on their knowledge and skills rather than relying on bonuses

Does BlackBull Markets Offer Demo Accounts for Traders in Bulgaria?

Yes, BlackBull Markets offers demo accounts for traders in Bulgaria. These demo accounts allow beginners to practice trading with virtual funds in a risk-free environment. It’s a valuable tool for honing your trading strategies, familiarizing yourself with the platform, and gaining confidence before you start trading with real funds. The default validity of the BlackBull Markets demo account is 30 days. However, you may extend the validity by contacting BlackBull Market’s support

Is BlackBull Markets Regulated in Bulgaria?

No, BlackBull Markets is not regulated in Bulgaria. However, the broker is regulated by the FSA and FMA, which extend coverage to traders in Bulgaria. Traders with BlackBull Markets can choose to operate under either the FSA or FMA regulatory framework. These regulations provide traders in Bulgaria with the assurance of a secure and compliant trading environment.

Does BlackBull Markets offer negative balance protection in Bulgaria?

Yes, BlackBull Markets offers negative balance protection to retail clients in Bulgaria. This means that if your account balance goes into negative territory due to market fluctuations or other factors, BlackBull Markets will bring your balance back to zero. It’s an important safety feature that ensures traders won’t owe more than they initially deposited. However, it’s worth mentioning that this protection does not apply to professional traders(pro traders).

Does BlackBull Markets offer Investor Protection for the traders of Bulgaria?

No BlackBull Markets does not offer an investor protection scheme in Bulgaria. The broker onboards clients under FSA or FMA regulation. The regulators do not offer investor protection schemes. If you are concerned about Investor protection, you may trade with the following brokers 

  • Pepperstone: Best Overall Broker
  • ThinkMarkets: Best for Gold Trading 
  •  AxiTrader: Best for Trading Instruments 

These brokers offer investor protection schemes under CySEC,and  FCA regulations. 

Final Verdict

BlackBull Markets is a highly regarded forex and CFD broker and online trading platform. The broker accepts clients worldwide, including those in Bulgaria. BlackBull Markets provides access to an impressive range of over 26,000 instruments, including Forex pairs, Shares, Commodities, and more. Known for its exceptional execution speed, BlackBull Markets ensures a seamless trading experience with minimal latency and no dealing desk intervention.

As a regulated broker under the Financial Services Authority (FSA) in Seychelles (License No. SD045) and the Financial Markets Authority (FMA) in New Zealand, BlackBull Markets offers a secure trading environment, giving investors peace of mind. It supports popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView, all available on mobile, desktop, and web, ensuring accessibility and convenience for traders of all levels.

In addition to its platform offerings, BlackBull Markets enhances the trading experience with features like BlackBull CopyTrader, enabling social trading and strategy replication. For traders in Bulgaria looking for a trusted and efficient forex broker, BlackBull Markets stands out as a reliable choice. It provides all the essential tools, advanced technology, and customer support for successful online trading.

Disclaimer: Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money