Is BlackBull Markets a Scam? Regulation Check 2026
We ran BlackBull Markets through the kitchen inspection, looking up its licence in the official FMA register. Here is what the paperwork says.
Verdict
BlackBull Markets is NOT a scam. It cooks under FMA licence FSP403326, which clears it to serve trading in New Zealand.
How to verify on the official register
| Regulator | FMA FMA |
| Licence Number | FSP403326 |
| Regulated Entity | BlackBull Ltd |
| Founded | 2014 |
What the FMA seal buys you
A FMA-regulated kitchen has to keep client money in its own segregated pot, offer negative balance protection, and open its books to independent audits. If something goes wrong, you can take your complaint straight to FMA.
What the FMA seal puts on your plate
- Your money kept in a segregated pot, walled off from BlackBull Markets's own capital
- Negative balance protection, so you can never lose more than you put on the table
- A direct line to FMA for complaints if BlackBull Markets will not put things right
- Regular independent audits of BlackBull Markets's books under FMA oversight
Frequently Asked Questions
Is BlackBull Markets a scam or legitimate?
BlackBull Markets is NOT a scam. It is authorised by FMA, one of the most respected inspectors in the business, and the authorisation is publicly verifiable on the official FMA register.
How do I check BlackBull Markets's FMA licence?
Open the official FMA website and use the public register search. Search the entity name; the entry will confirm BlackBull Markets's authorisation status and exactly what it is cleared to serve.
Are my funds safe with BlackBull Markets?
As a FMA-regulated kitchen, BlackBull Markets must keep every client's money in its own segregated pot, walled off from the firm's own funds. That shields your deposit even if BlackBull Markets runs into trouble.
What protection do I have as a BlackBull Markets client in New Zealand?
In New Zealand, BlackBull Markets sits under FMA supervision, so you get: segregated client money, negative balance protection (you can never lose more than is on the table), and the right to take a complaint straight to FMA.
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