Forex Bull Sphere Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

2.1

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.3

Business 1.6

Risk Control 1.9

Software 2.6

Regulatory 2.1

Terminal Snapshot

Bull Sphere Trading Conditions

Registered Region Vanuatu

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email Support@bullsphere.com

Contact Number +660979728927

Website www.bullsphere.com

Balanced Review

Pros & Cons

Pros

Low minimum deposit requirement of $10
Support for popular trading platforms: MetaTrader 4, MetaTrader 5, and cTrader
Diverse range of trading instruments including approximately 40 currency pairs
Multiple account types to cater to different trading preferences
Competitive spreads starting from 0.2 pips on standard accounts

Cons

Not regulated by any recognized financial authority
Unauthorized license from the National Futures Association (NFA)
Limited payment options (only bank transfer and card)
Limited range of trading instruments (mainly forex and energies)
No demo account available for practice

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Bull Sphere	FXTRADING.com	Decode Global	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Vanuatu	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	2.1/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Bull Sphere Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Micro Account	Beginners	Low minimum deposit, suitable for small volume trading	Requires only a $10 initial deposit
Standard Account	Regular traders	Standard trading conditions with low spreads	Accessible to new and experienced traders
ECN Account	Advanced traders	Direct market access, competitive spreads	Requires a higher trading volume
Classic Account	Traditional traders	More conventional trading experience	Suitable for various trading strategies

Account Opening Process

To open an account with Bull Sphere, traders must complete several steps. Initially, they need to provide personal information, including their name, contact details, and employment information. Additionally, financial information may be required to assess trading suitability. Identity verification is mandatory, which includes submitting a valid identification document and proof of address. This verification process is vital for ensuring the security of client accounts. Once an account is opened, there is flexibility to upgrade to a different account type, such as a professional account, depending on trading needs and experience levels.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.2	None	Tight spreads for active trading
CFDs (Stocks, Indices, Commodities)	Varies	Varies	Dependent on market conditions
Cryptocurrencies	Varies	Varies	Market volatility affects fees

Other Fees

In addition to trading fees, traders should be aware of various other costs associated with their accounts. Deposit and withdrawal fees may apply, depending on the chosen payment method. There may also be inactivity fees for accounts that remain dormant for an extended period. Platform usage fees are generally not applicable, but overnight interest (swap rates) can be charged for positions held overnight. Lastly, currency conversion fees may be incurred for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Bull Sphere User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Doe

New York, USA

★ ★ ★ ★ ★

I had high hopes when I started trading with Bull Sphere due to their low minimum deposit. However, I faced issues with withdrawals. My requests were delayed and customer support was unresponsive. I would not recommend this broker to anyone looking for reliability.

Emily Smith

Toronto, Canada

★ ★ ★ ★ ★

Bull Sphere has a user-friendly platform that I’ve found quite helpful as a beginner. The variety of trading instruments available is impressive, and I appreciate the competitive spreads. While I had a minor issue with my initial deposit processing, customer support was quick to help me resolve it.

Michael Johnson

London, UK

★ ★ ★ ★ ★

My experience with Bull Sphere has been terrible. After making a deposit, I couldn’t reach anyone to withdraw my funds. Their support team was completely unhelpful, and I feel like I’ve been scammed. I advise others to stay away from this broker.

Sarah Wilson

Sydney, Australia

★ ★ ★ ★ ★

I’ve been trading with Bull Sphere for a few months now and I love the flexibility of the account types. The platform is great, and the speed of execution has been impressive. I also appreciate the ability to trade on both MetaTrader 4 and 5. Overall, a solid experience for my trading needs.

Vanuatu Market