Overview

This broker is a scam. After checking public records, we found no verifiable data about its founding date or official registration. The website claims to be a regulated broker offering professional trading services — but the truth is, BlackbullFX is not real. It’s a fraudulent copy of the legitimate brokers BlackBull Markets and Traze, using the same name and similar branding to mislead traders.

BlackbullFx Licenses and Regulatory

Since BlackbullFX is not a genuine company, it has no regulatory license whatsoever.
It falsely claims to be regulated under financial authorities, but there is no record of this broker with the FMA (New Zealand), FCA (UK), or ASIC (Australia).

Trading Instruments

BlackbullFX lists forex, indices, commodities, and cryptocurrencies as available markets, but these instruments are not real.
There is no evidence of any live connection to global liquidity providers or financial exchanges. The trades you see on their website or platform are simulated, designed only to create the illusion of activity.

Trading Platforms

The so-called “trading platform” promoted by BlackbullFX is a fake replica built to look like a real interface.
It’s designed to imitate MetaTrader and other professional platforms but offers no genuine functionality.
No trades are executed, and the platform exists only to manipulate numbers and make users believe they’re earning profits.

BlackbullFx How to Open an Account: A Step-by-Step Guide

Opening an account with BlackbullFX seems easy and professional — but that’s part of the scam.
Once you register, scammers posing as “account managers” will contact you, promising fast profits and personalized trading strategies. They’ll pressure you to deposit funds, often through crypto or wire transfers, which are nearly impossible to trace or recover.

Charts and Analysis

The charts and data presented on BlackbullFX’s website are not based on real-time market feeds.
They’re copied or artificially generated to mimic the authentic systems used by BlackBull Markets.
This is another sign that the entire platform is a deceptive clone, not a legitimate broker.

BlackbullFx Account Types

BlackbullFX claims to offer multiple account tiers with varying spreads and benefits.
However, since this broker doesn’t exist legally, none of these accounts are real.
They are fictional categories meant to encourage users to deposit larger amounts.

Negative Balance Protection

If you choose to trade with them, you are on your own. No regulation is available.

BlackbullFx Deposits and Withdrawals

Do not deposit any money with BlackbullFX.
Victims report being unable to withdraw funds, facing endless excuses such as “tax verification,” “security holds,” or “pending account confirmation.”
Once your funds are sent, the scammers disappear, and the withdrawals are never processed.

Support Service for Customer

Customer service is nonexistent.
Emails go unanswered, chatbots recycle generic replies, and phone numbers are inactive.
No legitimate broker would operate this way. BlackbullFX hides because it’s a scam.

Prohibited Countries

We do not recommend that traders register on this website. It will put your capital and personal data at risk.

Special Offers for Customers

Nothing you see on their website is real. Special offers, trading instruments, and trading platforms are unreal.

Conclusion

BlackbullFX is a fraudulent broker that stole its name from the real BlackBull Markets and copied its platform from Traze.
It’s an unlicensed, unregistered, and entirely fake operation designed to trick investors into thinking they’re dealing with legitimate firms.
There’s no real trading, no regulation, and no chance of recovering lost funds.
We strongly advise everyone to avoid BlackbullFX entirely. This is a scam hybrid built on stolen identities.

About the Author

Arash Doostelahi

Arash Doostelahi

Arash Doostelahi is a dynamic content writer and online course creator, with expertise in content strategy, instructional design, and digital storytelling. Leveraging a blend of creativity and technical skills, Arash delivers impactful educational content and...