Skip to main content
pipvet.comBroker Status Register
Report a broker
Independent

This register is not a regulator. Every status links to the regulator's own notice or register entry.

341 firms on file · 202 identified entity records 73 carry a published regulator notice

Caution

RECORD BW-4036LICENSED — WITH A STRUCTURAL CAVEAT

BlackBull Markets

2 legal entities are on file for this firm, across 2 jurisdictions. The strongest supervision on file is Tier 2.

Caution means: The group holds a licence we could verify, but the record shows a caveat you have to read: an offshore entity in the same structure, a registration that is not a financial licence, or leverage well above tier-1 retail caps.

LAST CHECKED
2026-09-02
ENTITIES
2
JURISDICTIONS
2
BEST TIER
T2
CONFIDENCE
MEDIUM
REGISTER SYNC
2026-11-05

Jurisdiction gap — read this before you deposit

Every entity on file is offshore. There is no tier-1 authority supervising the account you would open.

A group can hold a tier-1 licence and still onboard you through an offshore entity in the same structure. The licence protects clients of the entity that holds it — not every client of the brand. Check which company name appears on your own client agreement, then look that company up in the table below.

Entity-by-entity licence record

One row per legal entity in this firm's structure. Numbers are reproduced exactly as published; every row links to the source we read them from.

Legal entityAuthority / registryNumberJurisdictionTierWhat it isSource
Black Bull Group LimitedFMA New ZealandFSP403326New ZealandT2Financial licencefma.govt.nzhttps://www.fma.govt.nz/business/licensed-providers/black-bull-group-limited/
BlackBull Group Limited (Seychelles)FSA SeychellesSD045SeychellesT3Financial licenceblackbull.comhttps://blackbull.com/en/our-company/compliance/

Scroll the register sideways — the entity column stays pinned.

Paste any number above into the named authority's own search. If a number a firm advertises does not return that firm on the authority's register, treat the claim as unverified.

What the record says

Statements of fact drawn from the entities above. Each one is checkable against a source URL in the licence table.

  1. F01Founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman.
  2. F02The ECN Standard account has no minimum deposit and quotes spreads from 0.8 pips; ECN Prime quotes from 0.0 pips.
  3. F03The ECN Institutional account requires a $20,000 minimum deposit.
  4. F04Non-New Zealand clients are onboarded through the Seychelles entity licensed under FSA licence SD045.

Not verified at last check

Recorded openly rather than filled with a plausible guess. A blank on this register means we could not confirm it on 2026-09-02.

  • not verifiednegative balance protection
  • not verifiedexact legal entity name for the Seychelles licence holder
  • not verifiedminimum deposit for the ECN Prime account (sources give $2,000)

Account conditions on file

As published by the firm. Blank fields were not confirmed.

Incorporated
2014
Registered office
Auckland, New Zealand
Minimum deposit
0 USD
Leverage offered
up to 1:500
Quoted EUR/USD spread
0.8 pips
Trading systems
MT4 · MT5 · cTrader · TradingView · BlackBull CopyTrader
Account tiers
ECN Standard · ECN Prime · Prime+ · ECN Institutional
Leverage above a tier-1 retail cap is normally only available through an offshore entity. If the figure above is far above 1:30, check which entity is offering it in the licence table.

Sources

Every URL below was read before this record was published.

PublisherDocumentRETRIEVED
FMA New ZealandBlack Bull Group Limited — New Zealandhttps://www.fma.govt.nz/business/licensed-providers/black-bull-group-limited/2026-09-02
FSA SeychellesBlackBull Group Limited (Seychelles) — Seychelleshttps://blackbull.com/en/our-company/compliance/2026-09-02

Register office

Checked by
Priya Nair · Register office · Regulation & Safety Lead

Every entity row on this record was checked against the authority's own database or the firm's own published legal page. Where no number was published, the field is left as “not verified” rather than filled.