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BlackBull Markets regulation: what happens if the firm fails

The licence is what decides where your money sits and who is obliged to do something about it. Here is who licenses BlackBull Markets and what the protections are.

Facts last checked . Read the full BlackBull Markets review.

Regulation and safety

Regulated by
New Zealand FMA (FSP403326); Seychelles FSA (SD045)
Regulator tier
Tier 2
Register entry
New Zealand Financial Service Providers Register, FSP403326
Client money segregated
Yes
Held at
ANZ Bank New Zealand
Negative balance protection
Yes, entity/account dependent
Compensation scheme
No conventional statutory investor compensation scheme
Audited by
Independent external auditors
Not available to
United States and jurisdictions where services would contravene local laws

Check the licence yourself: the New Zealand Financial Service Providers Register, the Seychelles FSA list of regulated entities.

What this means

The licence is what decides where your money sits and who is obliged to do something about it.

BlackBull Markets holds a tier-one authorisation from FMA. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

New Zealand's FMA licenses derivative issuers and requires client funds to be held separately.

An FSA licence here is usually the Seychelles authorisation - an offshore entity, with lighter obligations than a tier-one regulator.

Client money is held separately from the firm's own money, at ANZ Bank New Zealand. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by No conventional statutory investor compensation scheme, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about BlackBull Markets regulation

Is client money segregated at BlackBull Markets?

Yes. BlackBull Markets holds client money separately from its own funds, at ANZ Bank New Zealand.

Does BlackBull Markets offer negative balance protection?

Yes. BlackBull Markets offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Is there a compensation scheme at BlackBull Markets?

BlackBull Markets's compensation scheme is recorded as: No conventional statutory investor compensation scheme. A scheme covers the broker failing, not losses on your trades.

Regulation at brokers under the same regulator

More about BlackBull Markets