- Licensed entity
- Black Bull Group Limited
- Licence no.
- FSP 403326
Some sources name the company Black Bull Limited.
Listed on the broker's own website · SourceCheck register ↗
BlackBull Markets
Black Bull Group Limited · Auckland, New Zealand
New Zealand broker with raw spreads, TradingView and a large share range, serving most clients from Seychelles.
7.4out of 10
1 regulator alert against BlackBull Markets, none in the last two years.
Regulators say these BlackBull Markets companies or websites aren't authorised in their countries. See the alerts
Licences (2)
- Licensed entity
- BBG Limited
- Licence no.
- SD045
Listed on the broker's own website · SourceCheck register ↗
Which company you sign up with depends on where you live. Your protections (compensation scheme, leverage limits, negative balance protection) come from that company's regulator.
Score breakdown
Weighted total: 7.4 / 10, ranked #30 of 30. How we score
- Regulation strength: Based on the strongest regulator licensing the broker, plus extra tier-1 and tier-2 licences.
- Licence status: Whether any licence has been revoked or has expired.
- Track record: Years in business: 0.5 points per year, up to 10.
- Transparency: Publicly listed parent, licences disclosed, head office published, client money segregated.
- Regulator alerts: Deductions for regulator alerts against the broker's own companies or websites.
Regulator alerts (1)
| Date | Regulator | Name as published | Source |
|---|---|---|---|
| 7 May 2024 | SC (MY) Malaysia | BlackBull Markets Sdn Bhd and BlackBull Markets Malaysia | Source ↗ |
Scam sites impersonating BlackBull Markets
These alerts are about fraudsters copying the broker's name. They don't count against its score. Always check the website address before you log in or deposit.
- Blackbull Markets – Imposter websites (blackbullsgroup.net): FMA, 21 May 2026 · source
Overview
BlackBull Markets is based in Auckland. Its New Zealand company is licensed by the FMA as a derivatives issuer and mainly serves New Zealand clients; international clients are served by BBG Limited, licensed in Seychelles. Its UK company is a payment services provider and doesn't hold an FCA investment licence. Malaysia's Securities Commission has it on its Investor Alert List.
Who it suits: Active traders who want raw spreads and TradingView, and who accept that non-NZ accounts are with the Seychelles entity.
Company information
Trading conditions
Pros & cons
Pros
- NZ entity licensed by the FMA
- MT4, MT5, cTrader and TradingView
- Large share and ETF range
- No minimum deposit on Standard account
Cons
- International clients go to the offshore Seychelles entity
- No FCA, ASIC or EU licence
- Regulator alert in Malaysia
Frequently asked questions
Is BlackBull Markets regulated?
Yes. BlackBull Markets companies hold licences from FMA, FSA (SC) (2 licences in our database). Your protection depends on which BlackBull Markets company you open an account with, so check that company on the regulator's register before you deposit.
Is BlackBull Markets safe?
BlackBull Markets has a score of 7.4/10. Regulators in Malaysia have issued 1 regulator alert saying BlackBull Markets companies or websites aren't authorised to offer services there (most recent: 7 May 2024). Only open an account if the broker is allowed to operate where you live.
Which BlackBull Markets company will I open an account with?
It depends on where you live. The companies in our database are: Black Bull Group Limited (FMA, New Zealand); BBG Limited (FSA (SC), Seychelles). Clients outside the UK, EU and Australia are often onboarded to an offshore company with weaker protection.
Does BlackBull Markets accept US clients?
No. BlackBull Markets doesn't accept US residents.
What's the minimum deposit and maximum leverage at BlackBull Markets?
Minimum deposit: $0 (Standard account). Maximum leverage: Up to 500:1 (Seychelles entity).
Which platforms does BlackBull Markets offer?
MT4, MT5, cTrader, TradingView, BlackBull app.
CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Most retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and whether you can afford to take the high risk of losing your money. Licence data checked 12 Oct 2026. Details can change; always confirm on the regulator's register.