Visit FxPro
BlackBull Markets in Pakistan — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
Key facts (6 facts)
- Onboarding entity
- BBG Limited
- Founded
- 2014
- Retail leverage
- 500PK
- Round turn
- 6 USDPK
- Currencies
- Accounts in USD/EUR/GBP/JPY/AUD/NZD/SGD/CAD/ZAR; no PKR base account, so deposits convert.
- Swap-free account
- yes
Licence check
Open an account with BlackBull MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Taxes for a Pakistani resident(1 rule)
- Forex/derivatives trading profit for residents is generally taxed as income;https://blackbull.com/en/support/restricted-countries
Not tax advice. Check with the Federal Board of Revenue.
Who actually onboards you
- Entity that onboards Pakistan residents
- BBG Limited
- Local standing
- Offshore (Seychelles FSA) only; no SECP authorisation and no local investor-compensation scheme.
- Licence as the register states it
- BBG Limited holds Seychelles FSA licence SD045; BlackBull holds no SECP licence in Pakistan.
- Leverage for this entity
- Up to 1:500 on forex via the Seychelles entity; not capped by a Pakistani regulator.
- The firm behind it
- Founded 2014, HQ Auckland, New Zealand; ECN forex/CFD broker, FMA-licensed in NZ since 2020.
- What we hold against it
- No Pakistani SECP warning identified; caveat is offshore Seychelles entity vs local protection.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Pakistani residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore (Seychelles FSA) only; no SECP authorisation and no local investor-compensation scheme.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Pakistan market median(priced from 36 of 62)
Medians run over the 36 of 62 brokers that publish a price for Pakistan, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: ECN Standard (USD 0 min, commission-free, spreads from ~0.8 pips), ECN Prime (USD 0 min, from 0.0 pips + ~USD 6 round-turn), Institutional/Prime+ (USD 20, 000 min, USD 3/round lot). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
Cards, bank wire, Skrill, Neteller and crypto;
- Cards
- Bank wire
- Skrill
- Neteller
- Crypto
- Account currency
- Accounts in USD/EUR/GBP/JPY/AUD/NZD/SGD/CAD/ZAR; no PKR base account, so deposits convert.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(40 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(7 platforms)
- MT4
- MT5
- cTrader
- TradingView
- BlackBull CopyTrade
- BlackBull Invest
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 0.8 |
| MT5 | — | 0.8 |
| cTrader | — | 0.8 |
| TradingView | — | 0.8 |
| BlackBull CopyTrade | — | 0.8 |
| BlackBull Invest | — | 0.8 |
| Forex pairs | 70+ | — |
114 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 108 more.
Identical for every row: Leverage 500 PK.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 04.10.2026 | 4.8 | 5, 801 |
Share of reviewers in Pakistan: — The platform does not publish it.
Pros and cons(5 for and 4 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the Pakistan median 7
- Min deposit 0 USD, under the Pakistan median 7.5
- Swap-free account available
- Round-turn cost 95 of 100, its strongest of 6 scored axes
- 6 platforms: MT4, MT5, cTrader, TradingView
- No Pakistan authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 72 h, over the Pakistan median 24
- The published 1:500 comes from the group's offshore entity, not from the Pakistan one
- Safety 10 of 100, its weakest of 6 scored axes
Where BlackBull Markets sits in the Pakistan base(62 brokers)
Round-turn cost, USD (36 of 62 priced)
Median 7 USD · range 3-19 · this broker 6 USD · 26 of 62 brokers do not publish it
Minimum deposit, USD (16 of 62 priced)
Median 7.5 USD · range 0-237.2 · this broker 0 USD · 46 of 62 brokers do not publish it
Retail leverage (34 of 62 with a Pakistan figure)
Median 1:750 · range 50-5000 · this broker 1:500 · 28 of 62 brokers do not publish it
Withdrawal time published (62 brokers)
Alternatives in Pakistan(5 of 62 scored in Pakistan)
- Round turn, USD
- 5PK
- Min deposit, USD
- 10PK
- Leverage
- 2000PK
- Rank in this country
- #4
- Round turn, USD
- 8PK
- Min deposit, USD
- 10 groupPK
- Leverage
- 200PK
- Rank in this country
- #8
- Round turn, USD
- 7PK
- Min deposit, USD
- 0 groupPK
- Leverage
- 500PK
- Rank in this country
- #15
- Round turn, USD
- 6PK
- Min deposit, USD
- 100 groupPK
- Leverage
- 500PK
- Rank in this country
- #21
- Round turn, USD
- 6PK
- Min deposit, USD
- 5 groupPK
- Leverage
- 2000PK
- Rank in this country
- #2
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Pakistan score. Full methodology
| Axis | Weight | What is measured | BlackBull Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 90 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| Track record | 10% | Years since the firm was founded, from its own filings | 60 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 85 |
FAQ
- Does BlackBull Markets accept residents of Pakistan?
- No. Offshore (Seychelles FSA) only; no SECP authorisation and no local investor-compensation scheme. Onboarding entity: BBG Limited
- Is BlackBull Markets licensed to serve clients in Pakistan?
- BBG Limited holds Seychelles FSA licence SD045; BlackBull holds no SECP licence in Pakistan. Checked on 09.07.2026.
- How much does one round turn cost at BlackBull Markets?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for Pakistan is 7.0 USD.
- What leverage does BlackBull Markets offer to retail clients in Pakistan?
- Up to 1:500. leverageGeo: Up to 1:500 on forex via the Seychelles entity; not capped by a Pakistani regulator.
- Which trading platforms does BlackBull Markets support?
- MT4, MT5, cTrader, TradingView, BlackBull CopyTrade, BlackBull Invest. Instruments: 72 forex pairs and 26,000+ tradeable symbols: share CFDs, indices, commodities and crypto CFDs.
- How can I withdraw money from BlackBull Markets in Pakistan?
- Cards, bank wire, Skrill, Neteller and crypto; availability varies and specific Pakistani rails not verified at review.
- What account types does BlackBull Markets offer?
- ECN Standard (USD 0 min, commission-free, spreads from ~0.8 pips), ECN Prime (USD 0 min, from 0.0 pips + ~USD 6 round-turn) and Institutional/Prime+ (USD 20,000 min, USD 3/round lot).
- Does BlackBull Markets offer a swap-free (Islamic) account?
- Yes. BlackBull Markets offers a swap-free (Islamic) account to Pakistan residents.
Cost calculator (median of 36 priced of 62)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a PKR conversion because the exchange rate is not part of our data.