| Updated: July 8, 2025Account Types at BlackBull Markets
Depending on your experience, risk tolerance, and overall trading goals, you may create different accounts with BlackBull Markets. As soon as you open the registration form, you are given the option to set up a Demo account, which will help you practice trading with virtual funds, eliminating the risk of losing real money while still learning the ropes of the forex market.
Of course, live trading is the main focus here, which is why the broker offers several account options to fit the styles of various traders. There are three types of live accounts one can open with BlackBull:
- ECN Standard: The first account option, ECN Standard, is suitable for beginners as it has no minimum deposit requirement. That means traders can deposit as little as they feel comfortable with. Micro-lot trading is enabled with a minimum trade size of 0.01 lots. The spreads start at 0.8 pips, and no commission is charged per trade.
- ECN Prime: If you want to reduce your trading costs, you may opt for ECN Prime, which offers tighter spreads starting from 0.1 pips. There is a small roundtrip commission of $6 per lot that is applied to trades, but the overall trading cost is still lower.
- ECN Institutional: Those who prefer trading larger volumes for bigger returns can resort to the ECN Institutional account. The spreads are reduced to as low as 0.0 pips, and the roundtrip commission is only $4.
As you can see, all of them offer ECN order execution. These account variations support micro lots and offer the same maximum leverage of 1:500. What is more, the ECN Standard and ECN Prime accounts support swap-free trading for Muslim traders. If you are wondering which account type is suitable for you, BlackBull Markets provides a simple and short quiz to help you decide.
| Demo Account |  |
| Islamic Account | |
| ECN Account | |
| Pro Account | |
| MAM Account |  |
Minimum Account Deposit Requirements
BlackBull Markets has modified its account offerings to fit the trading volume and deposit preferences of different traders. We suggest beginners choose the ECN Standard account as it has no minimum deposit requirements, allowing them to deposit as little as they wish. That said, we would like to emphasize that the minimum contract requirement for this account is 0.01 lots, which is the equivalent of 1,000 units in the base currency of the account. That means traders must have at least $1,000 in their balance to be able to place orders.
If you are more experienced and wish to reduce the trading cost, you can activate an ECN Prime account with BlackBull Markets, requiring a deposit of at least $2,000. Considering the minimum contract size of 0.01 lots, we think the minimum requirement of $2,000 is more than reasonable for this type of account.
As mentioned earlier, ECN Institutional is most suitable for large-volume traders as it requires a minimum deposit of $20,000. That said, placing bigger trades can be very profitable as the trading cost is reduced significantly.
Tradable Instruments
No matter the account type, you can access a wide range of trading platforms, giving you the opportunity to trade 26,000 instruments. The markets available to clients include Forex, Equities, Commodities, Indices, Futures, and Crypto. The broker has partnered with popular third-party solutions like cTrader, MT4, MT5, and TradingView. In addition to said platforms, BlackBull Markets has launched its proprietary CopyTrader platform, suitable for tracking successful signal providers and replicating their trades.
If you are interested in trading currency pairs, the Forex section will offer you more than 60 tradable pairs, including major, minor, and exotic currency tickers. If you are specifically intrigued by the stock market, you can also try the broker’s BlackBull Invest platform, which grants access to thousands of shares, bonds, ETFs, options, and other assets.
Registration Process at BlackBull Markets – Takes about 1-2 minutes
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To join BlackBull Markets, click the Join Now button on the home page of the broker’s website.
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You will be redirected to the registration page, where you will be asked to provide your email address to proceed. Alternatively, you can choose to sign up with your Google, Apple, or Facebook account.
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Provide the details required for the registration and choose whether you would like to open a Demo or Live Account. Confirm you are not a US resident and agree to the BlackBull Markets’ policies.
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The next step is to enter additional details about your trading account, address, and some information used to identify you.
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Once you have provided additional details, you can proceed to the next step, which requires choosing your trading preferences. These include account type, base currency, leverage, and trading platform.
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The next step is related to giving Blackbull information regarding your employment and the funds you have at your disposal. This will help the broker assess your trading capabilities.
Identity Verification Process – Takes about 5 minutes
To create a Live trading account with BlackBull Markets, you also need to undergo identity and address verification. While this process may take a bit longer than registering, we will explain all of the documents you will need and guide you through the process to help you go through this step as swiftly as possible.
After you have completed the Employment questionnaire, you can proceed to the step requiring ID proof, which involves uploading pictures of a document such as a driver’s license or passport. Make sure to complete this step by following the instructions given in this section.
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Traders must also provide proof of address, which requires uploading utility bills, bank statements, or other relevant documents. Note that the document must meet the requirements listed in the Important Information section.
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Once you have uploaded the necessary documents, your Live trading account request will be ready for approval from BlackBull Markets’ team. In the meantime, you can proceed with funding your trading account, choosing from several convenient payment options.
Overall Thoughts
We think that most forex devotees will appreciate the simplicity of registering at BlackBull Markets, as those who wish to open Demo accounts can start trading with virtual money mere minutes after they have started the sign-up process. Meanwhile, traders who are ready to start with real money can also open a live account in just a few steps. Identity verification is also simple, and if you have prepared the required documents, you can complete this step within 5 minutes or maybe even less.