BlackBull Markets becomes licensed broker after working for the New Zealand FMA
Michael Walker assures that clients can now be sure that they are trading with a regulated broker
BlackBull Markets will offer retail customers the ability to trade foreign exchange both globally and in New Zealand
BlackBull Markets – a multi-asset broker in New Zealand becomes a licensed broker after receiving an issuer of derivatives from the New Zealand Financial Services Authority FMA.
BlackBull Markets, the trading name of BlackBull Group Limited, offers various types of trading services – including Forex, CFDs and commodities.
The trading company was founded in 2014 and has been operating as a registered (but unlicensed) financial services provider in New Zealand ever since.
The broker has grown rapidly and has doubled in size continuously over the last 4 years. Nevertheless, his newly acquired license is a boost to ensuring transparency and trust among his retail clients worldwide and in New Zealand.
During the announcement, Michael Walker, Director of BlackBull Markets said
“We will offer retail clients both globally and in New Zealand the ability to trade a range of foreign exchange, metals, commodities, indices and even equity CFDs with a fast-growing broker they can trust. For the future, we also have plans to expand our offering to include additional options such as stand-alone stocks”.
BlackBull Markets becomes a licensed broker after cooperation with the New Zealand FMA
Before receiving its license, the BlackBull Group Limited was registered in New Zealand (NZBN 9429041417799) under the Monetary Service Suppliers Register.
The company is also registered with and regulated by the Financial Services Authority (FSA) of Seychelles. However, the popular broker operates in countries such as the UK under BlackBull Group UK Restricted.
In a press release announcing the licensing, Walker said
“We have been working with the Monetary Markets Authority for some time now right here in New Zealand as our business has developed”.
He added: “We have been working with the Monetary Markets Authority here in New Zealand for quite some time now:
“With the additional licensing from the FMA, our clients can now sit back with peace of mind and know that they are buying and selling from a regulated trader in one of the safest and fastest growing money markets in the world.
“We have a great team here in Auckland and are focused on the strategic growth of the company in the coming years to become the leading online financial technology and foreign exchange broker”.
It was with such enthusiasm and pleasure that BlackBull Head of FX & Metals and General Manager Anish Lal posted in the social media:
“We have now received a license from the FMA in New Zealand. This is a major milestone for us. We look forward to offering a variety of services to our local and domestic markets, focusing on providing first class local support and offering traders leading conditions. We would like to thank the key team members and assistants who have supported us in our application over the past 18 months. Their efforts have worked towards this credible license and confirmed our position as one of the largest brokers in New Zealand”.