01 / The record
The record. 17 of 25 fields sourced.
Each cell is one tracked field. Lit cells carry a verified source; grey cells are pending verification. Coverage is not a score.
Licence
- VerifiedLicence number
Identity
- VerifiedName
- VerifiedLegal name
- VerifiedParent
- VerifiedFounded
- VerifiedHeadquarters
- PendingListing
- VerifiedWebsite
Trading
- VerifiedPlatforms
- VerifiedAccount types
- VerifiedMin deposit
- VerifiedMax leverage
- VerifiedInstruments
- VerifiedSpreads
- VerifiedCommissions
- PendingSwaps
- PendingFunding
Conduct
- VerifiedSupport
- VerifiedSwap-free
- PendingExecution
- PendingLiquidity providers
- VerifiedRestrictions
- PendingAccepted countries
- PendingEducation
- PendingClient money
02 / Licences
Licences. 3 numbers on file.
Copied from the linked page, with the entity that holds each one. A pending pass means the regulator was named without a number we could copy.
Black Bull Group Limited
FSP403326
New Zealand Financial Service Providers Register
Registered financial service provider Taken from the broker's own legal disclosure; not cross-checked on the register. Company number 5463921. FSPR search URLs returned 404 or no result by curl, so not confirmed on the register.
Broker disclosureBlackBull about us and footer2 Nov 2026Black Bull Trade Limited
FSP1002113
New Zealand Financial Service Providers Register
Registered financial service provider Taken from the broker's own legal disclosure; not cross-checked on the register. NZBN 9429049891041
Broker disclosureBlackBull about us and footer2 Nov 2026BBG Limited
SD045
Seychelles Financial Services Authority
Investment services (securities dealer licence per footer) Taken from the broker's own legal disclosure; not cross-checked on the register. Company number 857010-1; FSA Seychelles licensee list not parsed
Broker disclosureBlackBull about us and footer2 Nov 2026
03 / Licence strength
Licence strength. Every term shown.
A transparent count of the regulators behind this record and the licences read on a register. It is not a safety rating, and a missing score is never a zero.
Licence strength
2points
FSA-SC 1 + NZ FSPR 1 = 2
| Regulator | Tier | Licences | Where | Points |
|---|---|---|---|---|
| FSA-SCSeychelles Financial Services Authority | T3 | 1 | Seychelles | +1 |
| NZ FSPRNew Zealand Financial Service Providers Register | N/C | 2 | New Zealand | +1 |
| Register checks | 0 | Licence numbers read on the regulator’s own register | +0 | |
| Licence strength | 2 | |||
04 / Protection by entity
Protection by entity. Rule beside statement.
For each licensed entity: the regulator's own retail rules, what the broker publishes for that entity, and links to check the register yourself.
N/CNZ FSPR· New Zealand
Black Bull Group Limited
No. FSP403326
VerifiedRetail leverage cap
Pending verification
Negative balance
Pending verification
Compensation
Pending verification
Broker-published leverage for this entity
Pending verification
N/CNZ FSPR· New Zealand
Black Bull Trade Limited
No. FSP1002113
VerifiedRetail leverage cap
Pending verification
Negative balance
Pending verification
Compensation
Pending verification
Broker-published leverage for this entity
Pending verification
T3FSA-SC· Seychelles
BBG Limited
No. SD045
VerifiedRetail leverage cap
Pending verification
Negative balance
Pending verification
Compensation
Pending verification
Broker-published leverage for this entity
Pending verification
Regulator rules are quoted from official pages in our reference set (checked 2 Nov 2026); broker statements are the broker’s own and often apply to one entity or website only. Which entity holds your account is named in your client agreement.
05 / Accounts and costs
Accounts and costs. 6 account rows.
Account terms as the broker publishes them, the EUR/USD floor where the text allows a computation, leverage per entity, fees and payment rails.
| Account | Min deposit | EUR/USD spread | Commission | Floor / lot RT | Source |
|---|---|---|---|---|---|
| ECN StandardNot labelled on page | US$0 | from 0.8 pips (all pairs, advertised)advertised minimum | No commission | US$8.00 | BlackBull account comparison 2 Nov 2026 |
| ECN PrimeNot labelled on page | US$0 | from 0.0 pips (advertised)advertised minimum | US$3.00 per lot per side | US$6.00 | BlackBull account comparison 2 Nov 2026 |
| Prime+Not labelled on page | US$0 | from 0.0 pips (advertised)advertised minimum | US$3.00 per lot per side; commission rebate available | Not computable | BlackBull account comparison 2 Nov 2026 |
| StandardNot labelled on page | US$50 | from 1.4 pips (advertised)advertised minimum | No commission | US$14.00 | BlackBull account comparison 2 Nov 2026 |
| RawNot labelled on page | US$100 | from 0.0 pips (advertised)advertised minimum | US$3.00 per side | US$6.00 | BlackBull account comparison 2 Nov 2026 |
| ProNot labelled on page | US$500 | from 0.6 pips (advertised)advertised minimum | No commission | US$6.00 | BlackBull account comparison 2 Nov 2026 |
Floor = advertised EUR/USD spread × USD 10 per pip + commission for both sides, per 100,000 EUR lot. Advertised “from” or average spreads are the broker’s own figures, not measured spreads; real costs are higher when spreads widen.
Leverage by entity · broker-published maximums
- BlackBull Markets (entity not specified on page)1:500
Up to 1:500 · retailsource
Log scale shared by every record, up to the highest ratio published on file (1:10,000). Higher leverage means larger possible losses; retail caps onshore are usually far lower.
Fees and payment rails
- Inactivity fee
- None: no penalty for periods of inactivityBlackBull inactivity fees explained
- Deposit fees
- Pending verification
- Withdrawal fees
- Pending verification
- Base currencies
- Pending verification
- Deposit methods
- Pending verification
- Withdrawal methods
- Pending verification
- Support channels
- Phone, Free phone, EmailBlackBull about us and footer
- Support languages
- Pending verification
06 / Corporate family
Corporate family.
Who sits behind the brand: the parent when a source names it, and each licensed entity with its licences and offices.
Brand
BlackBull Markets
3 entities · 3 licences
BBG Limited
SeychellesBlack Bull Group Limited
New ZealandBlack Bull Trade Limited
New Zealand
Entities are grouped by the legal name printed on each licence source. A parent is shown only when a page we opened names it. ✓ = licence number read on the regulator’s own register.
07 / Figures on file
Figures on file.
These charts read the same sourced sentences as the fields below. A gap is unverified. It is not a zero and it is not a rating.
Deposit
0 USD
Commission
$3 per side, advertised
Instruments
Verified text names no catalogued market
All 42 brokers plotted. Showing top 8.
This broker: pending verification.12 of 42 brokers have no verified value and are left off. Showing top 8.
13 of 42 brokers have no verified value and are left off. Showing top 8.
28 of 42 brokers have no verified value and are left off. Showing top 8.
08 / Conditions
Conditions. Field by field.
Identity, trading and conduct. Each field shows its source, the kind of source and the day it was checked.
Identity
Legal name
VerifiedBlack Bull Group Limited
BlackBull Markets website footer · Broker disclosure · Checked 2 Nov 2026
Parent
VerifiedBlack Bull Group Limited is wholly owned by Black Bull Global Limited
BlackBull about us and footer · Broker disclosure · Checked 2 Nov 2026
Founded
Verified2014
BlackBull about us and footer · Broker disclosure · Checked 2 Nov 2026Founded in Auckland by Michael Walker and Selwyn Loekman per the about page
Headquarters
VerifiedLevel 20, HSBC Tower, 188 Quay Street, Auckland 1010, New Zealand
BlackBull about us and footer · Broker disclosure · Checked 2 Nov 2026
Listing
Pending verification
Checked 2 Nov 2026. No figure is published.Not confirmed from an official source in this pass. Left blank on purpose.
Website
Verifiedhttps://blackbull.com/
BlackBull Markets website footer · Broker disclosure · Checked 2 Nov 2026
Trading
Platforms
VerifiedMetaTrader 4 · MetaTrader 5 · cTrader · TradingView · WebTrader · BlackBull CopyTrader · BlackBull Invest
BlackBull home page · Broker disclosure · Checked 2 Nov 2026Platform pages linked from the BlackBull site navigation
Account types
VerifiedECN Standard, ECN Prime, Prime+ (first table); Standard, Raw, Pro (second table)
BlackBull account comparison · Broker disclosure · Checked 2 Nov 2026The page shows two comparison tables without entity labels
Minimum deposit
VerifiedUS$0 on ECN Standard/Prime/Prime+; US$50 Standard, US$100 Raw, US$500 Pro in the second table
BlackBull account comparison · Broker disclosure · Checked 2 Nov 2026
Maximum leverage
VerifiedUp to 1:500
BlackBull account comparison · Broker disclosure · Checked 2 Nov 2026Stated for all accounts; entity not specified on the page
Instruments
VerifiedOver 26,000 tradable instruments across BlackBull Markets and associated entities
BlackBull about us and footer · Broker disclosure · Checked 2 Nov 2026
Spreads
VerifiedFrom 0.8 pips (ECN Standard) and 0.0 pips (ECN Prime, Prime+) advertised minimum; second table Standard 1.4, Raw 0.0, Pro 0.6
BlackBull account comparison · Broker disclosure · Checked 2 Nov 2026
Commissions
VerifiedECN Prime and Prime+ US$3.00 per lot per side, ECN Standard none; second table Raw US$3.00 per side; applies to FX and Metals only
BlackBull account comparison · Broker disclosure · Checked 2 Nov 2026
Swaps
Pending verification
Checked 2 Nov 2026. No figure is published.Not confirmed from an official source in this pass. Left blank on purpose.
Deposits and withdrawals
Pending verification
Checked 2 Nov 2026. No figure is published.Not confirmed from an official source in this pass. Left blank on purpose.
Conduct and access
Support
Verified24/7 client support; phone +64 9 558 5142; free phone 0800 BB Markets; support@blackbull.com
BlackBull about us and footer · Broker disclosure · Checked 2 Nov 2026
Swap-free or Islamic
VerifiedSwap-free accounts offered at BlackBull's discretion for approved countries; administrative fees apply to positions held beyond a set period
BlackBull swap-free accounts · Broker disclosure · Checked 2 Nov 2026
Execution
Pending verification
Checked 2 Nov 2026. No figure is published.Not confirmed from an official source in this pass. Left blank on purpose.
Liquidity providers
Pending verification
Checked 2 Nov 2026. No figure is published.Not disclosed on fetched pages.
Restrictions
VerifiedDoes not accept applications from Canada and the United States; not intended for residents of the EU, UK, India or non-residents of New Zealand
BlackBull about us and footer · Broker disclosure · Checked 2 Nov 2026
Accepted countries
Pending verification
Checked 2 Nov 2026. No figure is published.Not confirmed from an official source in this pass. Left blank on purpose.
Client money
Pending verification
Checked 2 Nov 2026. No figure is published.Not confirmed from an official source in this pass. Left blank on purpose.
Education and tools
Pending verification
Checked 2 Nov 2026. No figure is published.Not confirmed from an official source in this pass. Left blank on purpose.
09 / History and offices
History and offices.
Ownership and regulatory events with the page that states them, and the offices a source names.
History
Pending verificationOffices
Pending verification10 / Warnings, reviews, news
Warnings, reviews, news.
Regulator warning-list checks first. Reviews, complaints and news open only with evidence checks and a licensed feed; reputation is not yet rated.
Regulator warning lists
Not checked yetNo warning list has been searched for this broker yet. That is a gap in our record, not a clean result.
Clone warnings name firms impersonating a real broker; they are not a finding against the broker itself unless the notice says so.
Reviews
None on file
Opens with evidence checks (account statements, deposit proof) in a later release.
Complaints
None on file
A complaint desk with broker responses is on the roadmap.
News
None on file
Headlines will arrive from a licensed feed, with the source named on the story.
11 / Evidence ledger
Evidence ledger. 4 pages opened.
Every field on this record with its status, the page it came from, the kind of source and the day it was checked. Filter it, or follow the source graph.
| Field | Value | Source | Checked |
|---|---|---|---|
| NameIdentity | BlackBull MarketsBlackBull Markets website footer | BlackBull Markets website footer Broker disclosure | 2 Nov 2026 |
| Legal nameIdentity | Black Bull Group LimitedBlackBull Markets website footer | BlackBull Markets website footer Broker disclosure | 2 Nov 2026 |
| ParentIdentity | Black Bull Group Limited is wholly owned by Black Bull Global LimitedBlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| FoundedIdentity | 2014BlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| HeadquartersIdentity | Level 20, HSBC Tower, 188 Quay Street, Auckland 1010, New ZealandBlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| ListingIdentity | Pending | — | 2 Nov 2026 |
| WebsiteIdentity | https://blackbull.com/BlackBull Markets website footer | BlackBull Markets website footer Broker disclosure | 2 Nov 2026 |
| PlatformsTrading | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, BlackBull CopyTrader, BlackBull InvestBlackBull home page | BlackBull home page Broker disclosure | 2 Nov 2026 |
| Account typesTrading | ECN Standard, ECN Prime, Prime+ (first table); Standard, Raw, Pro (second table)BlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| Min depositTrading | US$0 on ECN Standard/Prime/Prime+; US$50 Standard, US$100 Raw, US$500 Pro in the second tableBlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| Max leverageTrading | Up to 1:500BlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| InstrumentsTrading | Over 26,000 tradable instruments across BlackBull Markets and associated entitiesBlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| SpreadsTrading | From 0.8 pips (ECN Standard) and 0.0 pips (ECN Prime, Prime+) advertised minimum; second table Standard 1.4, Raw 0.0, Pro 0.6BlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| CommissionsTrading | ECN Prime and Prime+ US$3.00 per lot per side, ECN Standard none; second table Raw US$3.00 per side; applies to FX and Metals onlyBlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| SwapsTrading | Pending | — | 2 Nov 2026 |
| FundingTrading | Pending | — | 2 Nov 2026 |
| SupportConduct | 24/7 client support; phone +64 9 558 5142; free phone 0800 BB Markets; support@blackbull.comBlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| Swap-freeConduct | Swap-free accounts offered at BlackBull's discretion for approved countries; administrative fees apply to positions held beyond a set periodBlackBull swap-free accounts | BlackBull swap-free accounts Broker disclosure | 2 Nov 2026 |
| ExecutionConduct | Pending | — | 2 Nov 2026 |
| Liquidity providersConduct | Pending | — | 2 Nov 2026 |
| RestrictionsConduct | Does not accept applications from Canada and the United States; not intended for residents of the EU, UK, India or non-residents of New ZealandBlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| Accepted countriesConduct | Pending | — | 2 Nov 2026 |
| EducationConduct | Pending | — | 2 Nov 2026 |
| Client moneyConduct | Pending | — | 2 Nov 2026 |
| Inactivity feeProtection & money | None: no penalty for periods of inactivityBlackBull inactivity fees explained | BlackBull inactivity fees explained Broker disclosure | 2 Nov 2026 |
| Withdrawal feesProtection & money | Pending | — | 2 Nov 2026 |
| Deposit feesProtection & money | Pending | — | — |
| Negative balance protectionProtection & money | Pending | — | 2 Nov 2026 |
| SegregationProtection & money | Pending | — | 2 Nov 2026 |
| Compensation schemeProtection & money | Pending | — | 2 Nov 2026 |
| Base currenciesProtection & money | Pending | — | 2 Nov 2026 |
| Deposit methodsProtection & money | Pending | — | 2 Nov 2026 |
| Withdrawal methodsProtection & money | Pending | — | — |
| Support channelsProtection & money | Phone, Free phone, EmailBlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| Support languagesProtection & money | Pending | — | — |
| NZ FSPR licence · Black Bull Group LimitedLicences | No. FSP403326 · New ZealandBlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| NZ FSPR licence · Black Bull Trade LimitedLicences | No. FSP1002113 · New ZealandBlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| FSA-SC licence · BBG LimitedLicences | No. SD045 · SeychellesBlackBull about us and footer | BlackBull about us and footer Broker disclosure | 2 Nov 2026 |
| Account · ECN StandardAccounts | Deposit US$0 · EUR/USD from 0.8 pips (all pairs, advertised) (advertised minimum) · Commission No commissionBlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| Account · ECN PrimeAccounts | Deposit US$0 · EUR/USD from 0.0 pips (advertised) (advertised minimum) · Commission US$3.00 per lot per sideBlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| Account · Prime+Accounts | Deposit US$0 · EUR/USD from 0.0 pips (advertised) (advertised minimum) · Commission US$3.00 per lot per side; commission rebate availableBlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| Account · StandardAccounts | Deposit US$50 · EUR/USD from 1.4 pips (advertised) (advertised minimum) · Commission No commissionBlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| Account · RawAccounts | Deposit US$100 · EUR/USD from 0.0 pips (advertised) (advertised minimum) · Commission US$3.00 per sideBlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| Account · ProAccounts | Deposit US$500 · EUR/USD from 0.6 pips (advertised) (advertised minimum) · Commission No commissionBlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
| Leverage · BlackBull Markets (entity not specified on page)Leverage | Up to 1:500BlackBull account comparison | BlackBull account comparison Broker disclosure | 2 Nov 2026 |
Source graph · 5 pages
Each bar is one page we opened; its length is how many published facts on this record it supports.