Recalculated 2026-11-02 · Established 2014 · BBG Limited
BlackBull Markets — South Africa
BlackBull Markets is rated 3.20 out of 5 by our formula (Rank #35 of 70) for traders in South Africa: round turn 6 USD, residents accepted — Through an offshore entity.
Suits you if the round turn is 6 USD against a 7 USD median here · you can open with 0 USD · a swap-free account is available
Look elsewhere if it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- BBG Limited
- Licence number
- SD045
- Established
- 2014group
- Min deposit, USD
- 0 USDgeo
- Platforms
- MT4 · MT5 · cTrader · TradingView
- Local funding
- Cards, bank wire, Skrill, Neteller, local bank t
- Max leverage
- 500geo
- EURUSD
- 0.8 pipsgroup
Accounts (6)
6 of 6 accounts with a published cost per lot
6 of 6 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| BlackBull MarketsECN Standard | 0 | 0.8advertised | Anyper standard lot | 8round turn, USD | — |
| BlackBull MarketsECN Prime | 0 | 0advertised | 6per standard lot | 6round turn, USD | — |
| BlackBull MarketsPrime+ | 0 | 0advertised | 6per standard lot | 6round turn, USD | — |
| BlackBull MarketsStandard | 50 | 1.4advertised | Anyper standard lot | 14round turn, USD | — |
| BlackBull MarketsRaw | 100 | 0advertised | 6per standard lot | 6round turn, USD | — |
| BlackBull MarketsPro | 500 | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| BlackBull Markets | South Africa median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 7.0 USD |
| Min deposit, USD | 0 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | 1-3 business daysgroup | 24.0 h |
| EURUSD, standard | 0.8 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2014group | 2009.0 |
| Platforms | 6 | 3.0 |
Onboards residents through an offshore entity
Offshore (Seychelles FSA) only; no FSCA authorisation and no local statutory investor-compensation scheme.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about BlackBull Markets.
- Who actually onboards you
- BBG Limited
- Licence number
- SD045
- Local licence
- no
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 4.50+ 20.0% × 4.75+ 20.0% × 0.50+ 15.0% × 2.00+ 10.0% × 3.00+ 10.0% × 4.25= 3.2
Ranked against brokers measured on every axis
Licence check
- Licence number
- SD045
- Checked
- 2026-07-09
Who actually onboards you
BBG Limited
Offshore entity
South African retail clients are onboarded under the offshore entity BBG Limited (Seychelles), not a local FSCA entity.
What each account gives you
ECN Standard (USD 0 min, commission-free, spreads from ~0.8 pips), ECN Prime (USD 0 min, from 0.0 pips + ~USD 6 round-tu
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min deposit USD 0 (Standard); no broker deposit fees; deposits typically credited within 24h.
What the broker publishes about payouts
Trading software and asset classes (6)
MT4 · MT5 · cTrader · TradingView · BlackBull CopyTrade · BlackBull Invest
72 forex pairs and 26,000+ tradeable symbols: share CFDs, indices, commodities and crypto CFDs.
Reviews
Evaluating 801 reviews
Where it wins, where it loses
Pros (2)
- Round turn 6.0 USD against a South Africa median of 7.0
- Swap-free account available
Cons (1)
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
United States, Canada, Cuba, Iran, North Korea, Russia, Syria, Libya, Zimbabwe, Belarus, Central African Republic, Ethiopia, Hong Kong, Iraq, Lebanon, Venezuela, Yemen, Afghanistan, Liberia, Somalia, Nicaragua, Congo, Algeria, Burundi, Cameroon, Democratic Republic of the Congo, Cote dIvoire, Croatia, Guam, Guinea-Bissau, Haiti, Kenya, Kosovo, Mali, Mozambique, Nigeria, Northern Mariana Islands, P
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- The broker's own documents
- 1blackbull.com/en/support/restricted-countriesblackbull.com · pageBroker
- Aggregators and directories
- 2fxscouts.co.za/broker/blackbullmarketsfxscouts.co.za · pageAggregator
- 3brokerchooser.com/broker-reviews/blackbull-markets-review/blackbull-markets-south-africabrokerchooser.com · pageAggregator
FAQ (5)
Does BlackBull Markets accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of BlackBull Markets?
BBG Limited
What licence does BlackBull Markets hold for South Africa?
Licence SD045.
What does one EURUSD lot cost at BlackBull Markets?
6.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from BlackBull Markets take?
BlackBull Markets publishes 1-3 business days. Their own wording: “Typically 1–3 business days after processing.”.