IFCCI
IPTI PLATFORM PROFILE

BlackBull Markets

FMA-regulated NZ broker with ECN execution

BlackBull Markets logo
Black Bull Group LimitedNew ZealandEst. 2014Forex & CFD
VerifiedUnder ReviewActive
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Platform Overview

BlackBull Markets is a New Zealand-based forex and CFD broker regulated by FMA. Founded in 2014, it offers ECN execution with institutional-grade liquidity via MT4, MT5, cTrader, and TradingView.

Company Information

Registered Company Name
Black Bull Group Limited
Brand Name
BlackBull Markets
Headquarters
New Zealand
Year Established
2014
Parent Company
Black Bull Group Limited
Publicly Listed
No

Transparency Signals

Confidence LevelHigh
Transparency & Disclosure
Moderate
Regulatory Intelligence
Developing
Consumer Protection
Developing
Reputation & Market
Developing
Key Strength

Multi-jurisdictional regulatory compliance

Key Concern

No significant concerns identified

Trust Dimension Breakdown

Transparency & Disclosure
13.5/20Moderate Transparency Signals

Measures the completeness and verifiability of platform disclosures including regulatory filings, operational transparency, and transparency improvement efforts.

Regulatory Intelligence
11.3/20Developing Transparency Signals

Evaluates regulatory standing, jurisdictional oversight quality, institutional engagement, and regulatory tier classification.

Consumer Protection
10.3/20Developing Transparency Signals

Assesses fund safety mechanisms, complaint history, complaint resolution track record, and customer service quality.

Reputation & Market
6.7/15Limited Transparency Signals

Reflects market standing, research commentary, expert-assessed execution quality, and liquidity reliability.

Operational Reliability
7.9/15Developing Transparency Signals

Evaluates platform uptime, technical reliability, customer service responsiveness, and operational transparency.

Industry Integrity
3.3/10Limited Transparency Signals

Measures industry contribution through education initiatives, research collaboration, ESG programs, and investor awareness efforts.

Regulatory Intelligence

Brand Name

BlackBull Markets
New Zealand
Self-Declared

Legal Entities

Black Bull Group Limited
FMA · New Zealand
FSP403326
High Confidence

Regulatory References

FMAPrimary Registry
FSP403326

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

ReputationGrowing
Complaint DensityLow
Local Office
Local Regulation
🌏
🌏

Asia Pacific

ReputationGrowing
Complaint DensityLow
Market Presence12 years
🌍
🌍

Global Market

ReputationGrowing
Complaint DensityLow
Market Presence12 years

Regulatory Licenses

Tier 2FMA

FMA

Active
License Number
FSP403326
Jurisdiction
New Zealand
License Type
FSP

Internal Transparency

Regulatory Transparency
Available1.00/1.0
Operational Transparency
Developing0.35/1.0
Platform Reliability
Limited0.65/1.0
Consumer Protection
Limited0.65/1.0
Market Transparency
Available1.00/1.0
RegulatoryOperationalReliabilityConsumerMarket

Transparency profile visualization

Trading Conditions

Trading Platforms:MT4MT5cTraderTradingView
InstrumentSpread
EUR/USD0.0 pips (Prime)
GBP/USD0.2 pips
USD/JPY0.1 pips
XAU/USD0.12 pips
Commission
Zero (Standard); $3/lot/side (Prime); $2/lot/side (Institutional)
Inactivity Fee
None
Deposit Fees
Free
Withdrawal Fees
Free
Withdrawal Processing Time
1-2 business days

Technology Stack

Technology Stack

Platform Infrastructure

Technical

Server Locations
New YorkLondonAuckland
Average Execution Speed
< 30ms
API Available
VPS Offered

Safety & Protection

Segregated Funds
Negative Balance Protection

Operational Details

Supported Languages
English, Chinese, Malay
Support Channels
Live ChatEmailPhone
Payment Methods
Bank TransferCredit CardSkrillNeteller
2/5 contribution areas active
Financial Education Programs
Research Collaboration
Industry Development Initiatives
ESG & Responsible Trading
Investor Awareness Programs

Community Snapshot

0
Total Reports
0
Verified
0
Under Review
0
Resolved
0
Total Reviews
Data as of:2026-01-16
Last Verified:2026-01-16

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Platform Comparison

 
BlackBull Markets logo
BlackBull Markets
IC Markets logo
IC Markets
Regulatory TierTier 2Tier 1
Transparency Signals7.4/109.5/10
Minimum Deposit$0$200
Maximum LeverageUp to 1:500Up to 1:500
Spread TypeVariableRaw Spread / Standard
Execution ModelECNECN
Year Established20142007
Trading Products68

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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.