BlackBull Markets ASIC Regulation 2024: Supervision, Investor Protections, and More

BlackBull Markets is a forex and CFD broker offering online trading services to traders and investors worldwide. The broker provides a diverse range of trading instruments, including Forex, Equities, Commodities (Energies, agriculture, and Metals), Futures, Indices. It also supports multiple trading platforms and tools such as TradingView, cTrader, MetaTrader 5,MetaTrader 4, MetaTrader Web Trader,BlackBull CopyTrader,BlackBull Shares,BlackBull Trade.

Although BlackBull Markets is regulated by several authoritative bodies, including FMA, FSA-S, it is not regulated by ASIC (Australian Securities and Investments Commission). In this article, we will explore BlackBull Markets’ regulations, and its features, and provide a list of alternative brokers that are regulated by ASIC.

Does BlackBull Markets Operate Under Asic?

No, BlackBull Markets does not operate under ASIC (Australian Securities and Investments Commission) regulations. The broker is regulated by several other reputable financial authorities, including the FMA, FSA-S. These regulatory bodies ensure compliance with various standards for financial stability, transparency, and investor protection, though they do not provide the specific protections offered by the Asic in the UK.

What Other Regulations Does BlackBull Markets Have?

FMA:

BlackBull Markets is regulated by the Financial Markets Authority (FMA) of New Zealand. The FMA, established in 2011, is responsible for overseeing financial markets and ensuring fair, transparent, and efficient operations in New Zealand.

The FMA requires BlackBull Markets to follow strict guidelines, including maintaining sufficient capital, protecting client funds by keeping them separate from company assets and providing regular financial reporting. This regulation ensures that BlackBull Markets operates securely and fairly, offering a reliable and transparent trading environment for clients in New Zealand.

FSA -S : / FSA in Seychelles

BlackBull Markets is regulated by the Financial Services Authority (FSA) of Seychelles. The FSA, established in 2013, oversees the financial services sector in Seychelles to ensure compliance with regulatory standards and to protect investors.

The FSA requires BlackBull Markets to adhere to guidelines for managing client funds, which include keeping client money separate from company funds and providing regular financial reports. This regulation helps ensure that BlackBull Markets operates securely and transparently, particularly for clients in Seychelles, and maintains a trustworthy trading environment.

Best Asic Regulated Forex Brokers: Alternatives to BlackBull Markets

BlackBull Markets is one of the leading forex and CFD brokers. The broker is not regulated by ASIC. It is regulated by other top-tier regulators including FMA, FSA-S. There are several Asic regulated brokers that can serve as alternatives to BlackBull Markets. These brokers include: 

These brokers operate under ASIC  regulation. According to ASIC rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about Asic-regulated forex brokers, you can read our content on the best Asic-regulated forex brokers.

How Can I Verify If My Broker is Asic Regulated?

To verify if your broker, such as BlackBull Markets, is regulated by the Asic, follow these steps:

1. Find the Broker’s Reference Number or Name: Obtain this information from the broker’s website.
2. Search the Asic Register: Visit the Asic Financial Services Register and enter the broker’s reference number or name.
3. Check the Broker’s Authorization: Ensure that the broker is authorized to provide “Rolling spot forex contract” services to retail customers in the Australia.
4. Match Firm Details: Verify that the details on the Asic website, such as the broker’s website and email, match those provided by the broker. Any discrepancies might indicate an unauthorized broker, and you should avoid trading with them.

Frequently Asked Questions ( FAQs)

What is BlackBull Markets?

Michael Walker and Selwyn Loekman founded BlackBull in 2014 in Auckland, New Zealand. BlackBull enables the trading of over 26,000 instruments including forex, CFDs, real stocks, and ETFs. The available platforms are MT4, MT5, TradingView, cTrader, BlackBull shares and BlackBull Trade. Social trading is through BlackBull CopyTrader and ZuluTrade. Trading tools such as free VPS and Autochartist are provided.  

Is BlackBull Markets Considered Safe?

Yes, BlackBull Markets is considered safe. The broker is regulated by multiple top-tier regulatory authorities, including FMA, FSA-S. It offers negative balance protection and holds client funds in segregated bank accounts.

Does BlackBull Markets Offer Negative Balance Protection?

Yes, BlackBull Markets offers negative balance protection. All Asic-regulated brokers must offer negative balance protection. Negative balance protection means that traders are protected from losing more money than they have in their trading accounts. If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. This prevents the trader from owing the broker any additional money.

Is BlackBull Markets regulated in Australia?

No, BlackBull Markets is not regulated in Australia. The broker is not regulated by ASIC, the Australian regulator. However, it accepts Australian clients under its global entity. BlackBull Markets is regulated by several other authorities, including FMA, FSA-S.