BlackBull Markets Review 2026
Full BlackBull Markets review for Australia traders — regulation, spreads, fees and our honest verdict.
Regulation in Australia
| Regulator | FMA — FMA |
| Licence Number | FSP403326 |
| Regulated Entity | BlackBull Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $0 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 26,000+ |
| Platforms | MT4, MT5, TradingView, cTrader |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by FMA (licence FSP403326). Minimum deposit $0. In Australia: maximum forex leverage 1:500.
About BlackBull Markets
BlackBull Markets was founded in 2014 and is headquartered in Auckland, New Zealand. The broker offers 26,000 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by BlackBull Ltd under FMA.
In Australia, BlackBull Markets operates as BlackBull Ltd, authorised by FMA under licence number FSP403326. Australia traders are subject to a maximum leverage of 1:500 on forex pairs under FMA rules.
Trading Platforms
Pros
- FMA regulated — licence FSP403326
- 26,000+ instruments to trade
- Negative balance protection in Australia
- Platforms: MT4, MT5, TradingView, cTrader
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is BlackBull Markets regulated?
BlackBull Markets holds FMA licence FSP403326, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FMA public register.
What is the minimum deposit for BlackBull Markets in Australia?
The minimum deposit is $0. This is the amount required to open a live trading account for traders in Australia under FMA regulation.
What leverage does BlackBull Markets offer in Australia?
In Australia, BlackBull Markets offers maximum forex leverage of 1:500 under FMA rules. Higher leverage may be available through offshore-regulated entities.
Is BlackBull Markets safe to trade with?
BlackBull Markets is regulated by FMA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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