Brokers  /  BlackBull

BlackBull

Moderate risk
🇳🇿 New Zealand · 5-10 years · since 2018-01-11 · Black Bull Group Limited
FMAFSA
Visit site ↗
—/5
★★★★★ ★★★★★
23 reviews ›
3
Licenses ›
18
Withdrawal issues ›
$200
Min. deposit ›
1:500
Max leverage ›
3
Account types ›
26/100
Scam risk ›
1
Clone sites ›
Accounts: ECN STANDARD · US$200ECN PRIME · US$2,000ECN INSTITUTIONAL · US$20,000
▲ 26% positive▼ 70% negative
Independent ratingshow third parties score this broker
WikiFX6.67/10
Trustpilot—/5
Forex Peace Army—/5
26
Moderate risk
Scam Risk Scoremonitored · 2026-07-06
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): FSA
  • 16 user exposure/complaint reports filed
  • Withdrawal complaints in ~78% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameBlack Bull Group Limited
Headquarters🇳🇿 New Zealand
Founded2018-01-11
Years operating5-10 years
Employees0
Official websiteblackbull.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods7 · Bank, Transfer, MASTER, VISA, Skrill
Withdrawal methods17 · Neteller, Skrill, MASTER, VISA
Instruments--
Registered address
Level 20, 188 Quay St Auckland 1010

Regulation & licenses · 3

RegulatorLicense typeLicense No.RegionStatus
FMAMarket Making License (MM)403326New ZealandRegulated
FMAInst Forex Execution (STP)1002113New ZealandRegulated
FSADerivatives Trading License (EP)SD045SeychellesOffshore Regulation

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
ECN STANDARD1:500US$200EURUSD average is 0.2; Gold average is 0.2--✓
ECN PRIME1:500US$2,000EURUSD average is 0.2; Gold average is 0.2--✓
ECN INSTITUTIONAL1:500US$20,000EURUSD average is 0.2; Gold average is 0.2--✓

Review analysis AI

Across 23 recent Trustpilot reviews, 70% are 1–2 star. The single most common complaint is being unable to withdraw funds (18 reports) — the classic warning sign in forex. We also found 1 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users complain about
What users praise
Where reviewers are from
Hong Kong13
Thailand3
United Arab Emirates1
India1
Nigeria1
New Zealand1

Real user reviews

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About BlackBull

BlackBull is a forex and CFD broker based in New Zealand, with records dating to 2018-01-11. It reports oversight from FMA, FSA.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 1 clone website(s) copying BlackBull. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full BlackBull review