The total number of clients of forex and contracts for differences (CFDs) broker Blackbull has now exceeded 400,000. However, it remains unclear how many of them are actively trading.
A Milestone for Blackbull
“With our proprietary technology, we’ve built a platform that prioritises transparency and fairness for traders, amid an extremely competitive industry,” said Anish Lal, Blackbull’s Chief Business Development Officer, in a LinkedIn post. “A huge thank you to our clients for their trust and our team for their relentless effort—excited for what’s ahead!”
Headquartered in Auckland, New Zealand, Blackbull offers retail trading services under licences obtained from the regulators in New Zealand and Seychelles. The broker also operates a UK-registered entity, but it does not hold a licence in the United Kingdom.
The company provides trading services with thousands of instruments across asset classes, including margin forex and CFDs.
Tariffs Push Trading Activity
Blackbull reached the 400,000-trader milestone at a time when retail trading activity, particularly in derivatives, surged due to the volatility triggered by US President Donald Trump’s tariff plans. GCEX recently told Finance Magnates that it recorded its “strongest trading days” after the tariff announcements, with FX spot trading volumes rising by 250 per cent. Meanwhile, Gold-i reported a tenfold increase in FX and Equity Index price rates.
At the same time, eToro paused its plans for a public listing in the US and is “evaluating market conditions.” According to its F-1 prospectus filing, the Israeli broker reported 3.5 million funded accounts, up 14 per cent year-on-year. Assets under administration stood at $16.6 billion, marking a 73 per cent annual increase.
Notably, around 70 per cent of eToro’s clients are based in the UK and European Union.
Meanwhile, Plus500—another Israeli broker, listed in London and focusing on CFDs—reported 254,138 active customers at the end of fiscal 2024, after adding 118,010 new clients during the year. The other two London-listed CFD brokers, IG Group and CMC Markets, reported 295,300 and 266,870 customers, respectively.
The total number of clients of forex and contracts for differences (CFDs) broker Blackbull has now exceeded 400,000. However, it remains unclear how many of them are actively trading.
A Milestone for Blackbull
“With our proprietary technology, we’ve built a platform that prioritises transparency and fairness for traders, amid an extremely competitive industry,” said Anish Lal, Blackbull’s Chief Business Development Officer, in a LinkedIn post. “A huge thank you to our clients for their trust and our team for their relentless effort—excited for what’s ahead!”
Headquartered in Auckland, New Zealand, Blackbull offers retail trading services under licences obtained from the regulators in New Zealand and Seychelles. The broker also operates a UK-registered entity, but it does not hold a licence in the United Kingdom.
The company provides trading services with thousands of instruments across asset classes, including margin forex and CFDs.
Tariffs Push Trading Activity
Blackbull reached the 400,000-trader milestone at a time when retail trading activity, particularly in derivatives, surged due to the volatility triggered by US President Donald Trump’s tariff plans. GCEX recently told Finance Magnates that it recorded its “strongest trading days” after the tariff announcements, with FX spot trading volumes rising by 250 per cent. Meanwhile, Gold-i reported a tenfold increase in FX and Equity Index price rates.
At the same time, eToro paused its plans for a public listing in the US and is “evaluating market conditions.” According to its F-1 prospectus filing, the Israeli broker reported 3.5 million funded accounts, up 14 per cent year-on-year. Assets under administration stood at $16.6 billion, marking a 73 per cent annual increase.
Notably, around 70 per cent of eToro’s clients are based in the UK and European Union.
Meanwhile, Plus500—another Israeli broker, listed in London and focusing on CFDs—reported 254,138 active customers at the end of fiscal 2024, after adding 118,010 new clients during the year. The other two London-listed CFD brokers, IG Group and CMC Markets, reported 295,300 and 266,870 customers, respectively.
