BlackBull Markets
FMA-regulated New Zealand broker with ECN-style execution
Platform Overview
BlackBull Markets is a New Zealand-based forex and CFD broker regulated by the FMA, established in 2014 in Auckland. It offers ECN-style execution across forex, indices, commodities, and shares via MetaTrader 4, MetaTrader 5, and cTrader. The broker provides institutional-grade liquidity with deep interbank pricing and has expanded its presence across Asia-Pacific.
Company Information
- Registered Company Name
- Black Bull Group Limited
- Brand Name
- BlackBull Markets
- Headquarters
- New Zealand
- Year Established
- 2014
Transparency Signals
Strong transparency across key operational dimensions
No significant concerns identified
Trust Dimension Breakdown
Measures the completeness and verifiability of platform disclosures including regulatory filings, operational transparency, and transparency improvement efforts.
Evaluates regulatory standing, jurisdictional oversight quality, institutional engagement, and regulatory tier classification.
Assesses fund safety mechanisms, complaint history, complaint resolution track record, and customer service quality.
Reflects market standing, research commentary, expert-assessed execution quality, and liquidity reliability.
Evaluates platform uptime, technical reliability, customer service responsiveness, and operational transparency.
Measures industry contribution through education initiatives, research collaboration, ESG programs, and investor awareness efforts.
Regulatory Intelligence
Brand Name
Legal Entities
Regulatory References
Regulatory information displayed here is compiled from public registries, third-party sources, and platform self-declarations. IFCCI does not guarantee the completeness or accuracy of this information. Always verify directly with the relevant regulatory authority.
Regional Market Signals
Malaysia Market
Asia Pacific
Global Market
Regulatory Licenses
FMA
- License Number
- FSP403326
- Jurisdiction
- New Zealand
- License Type
- DFSP
FSA
- License Number
- SD045
- Jurisdiction
- Seychelles
- License Type
- Securities Dealer
Internal Transparency
Transparency profile visualization
Trading Conditions
| Instrument | Spread |
|---|---|
| EUR/USD | 0.1 pips |
| GBP/USD | 0.3 pips |
| USD/JPY | 0.2 pips |
| XAU/USD | 0.15 pips |
- Commission
- Spread-only on Standard; $6/lot on Prime; $4/lot on Institutional
- Inactivity Fee
- None
- Deposit Fees
- None
- Withdrawal Fees
- None
- Withdrawal Processing Time
- 1-2 business days
Technology Stack
Technology Stack
Platform Infrastructure
Safety & Protection
Community Snapshot
Submit a Complaint
Platform Comparison
| Regulatory Tier | Tier 2 | Tier 1 |
| Transparency Signals | 9.4/10 | 9.5/10 |
| Minimum Deposit | $0 | $200 |
| Maximum Leverage | 1:500 | Up to 1:500 |
| Spread Type | Variable | Raw Spread / Standard |
| Execution Model | ECN | ECN |
| Year Established | 2014 | 2007 |
| Trading Products | 6 | 8 |
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Information presented is compiled from publicly available regulatory sources and user submissions. IFCCI does not make recommendations or endorsements. Users should conduct independent due diligence.
Legal Disclaimer
The IFCCI Transparency Programme is an independent research initiative and does not constitute regulatory supervision, professional financial advice, or official compliance certification. All findings represent research-based observations intended to contribute to financial industry transparency discourse and informed evaluation. FinScope is a technology platform developed to support the programme’s public-facing digital interface.