BlackBull FX (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I have been trying to close my account with BlackBull FX (Imposter) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Regular updates|No hidden fees|Easy to use platform
Cons: Mobile app could be improved
I found BlackBull FX (Imposter) through a financial advisor and the initial impression was positive. But for about ten months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Easy to use platform|Clear documentation|Educational resources
Cons: Slow to add new assets|Inactivity fee applies after 12 months
I opened an account with BlackBull FX (Imposter) since I opened my account last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Full transparency|No hidden fees|Multi-currency support|Regular updates
Cons: Onboarding videos are outdated|Limited cryptocurrency options
The hidden fees at BlackBull FX (Imposter) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Fast support response|Wide product range|Two-factor authentication|Multi-device support
Cons: Desktop app not available on Linux|Could offer more webinars
I was contacted by BlackBull FX (Imposter) through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Lost entire investment|Reported to authorities|Unresponsive
If you are reading this considering BlackBull FX (Imposter) - run. I wish I had read more negative reviews after a family member had a good experience. I thought the positive ones were real. Maybe some are. My experience over for over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Easy withdrawals|Social trading features|Wide product range|Good analytical tools
Cons: No fractional shares
Several red flags with BlackBull FX (Imposter): (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Customer support at BlackBull FX (Imposter) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Customizable dashboard|Fast deposits
Cons: Wait times can be long during peak hours