Is BlackBull Markets a Scam? Regulation Check 2026
We checked BlackBull Markets's licence in the official FMA register. Here is what the public records say.
Verdict
BlackBull Markets is NOT a scam. It holds FMA licence FSP403326, authorising it to offer trading services in New Zealand.
How to verify on the official register
| Regulator | FMA FMA |
| Licence Number | FSP403326 |
| Regulated Entity | BlackBull Ltd |
| Founded | 2014 |
What FMA regulation means
FMA-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FMA directly.
What FMA regulation means for your money
- Client funds held in segregated bank accounts, separate from BlackBull Markets's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with FMA if BlackBull Markets fails to resolve your issue
- BlackBull Markets submits to regular independent financial audits under FMA oversight
Frequently Asked Questions
Is BlackBull Markets a scam or legitimate?
BlackBull Markets is NOT a scam. It holds FMA licence number FSP403326. FMA is one of the world's most respected financial regulators. The licence is publicly verifiable in the FMA official register.
How do I check BlackBull Markets's FMA licence?
Go to the official FMA website and use the public register search. Search for licence number FSP403326 or the entity name. The record will confirm BlackBull Markets's authorisation status and the scope of its permissions.
Are my funds safe with BlackBull Markets?
As an FMA-regulated broker, BlackBull Markets must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if BlackBull Markets encounters financial difficulties.
What protection do I have as a BlackBull Markets client in New Zealand?
In New Zealand, BlackBull Markets operates under FMA supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with FMA.
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