Client’s funds are securely kept in segregated accounts within ANZ Bank in New Zealand. ANZ Bank is the largest and oldest financial-services group in New Zealand, and one of the most trusted and sustainable banks in the world.
Client security and peace-of-mind are essential to the operations of BlackBull, as such, security is of paramount importance to us. We are a registered New Zealand Financial Services Provider (FSP#: FSP403326) and a member of the consumer watchdog group FSCL (FSCL#: 5623). This ensures transparency, responsibility and honesty towards our clients. BlackBull Markets will do our utmost in processing deposits and withdrawals as quickly, efficiently and securely as possible, consistently meeting a 24-hour deadline in processing withdrawal requests.
BlackBull Markets is a New Zealand based, execution only, ECN Foreign Exchange trading firm. We cater for all types of traders from beginners to professionals, offering a myriad of institutional services for our retail clients.
BlackBull Markets is a no dealing desk broker. This means that there is zero conflict of interest as we are not market makers, as such, our clients receive the most accurate representation of the true value of the market, in conjunction with our aggregation software, we offer the lowest bid-ask spreads.
BlackBull Markets collects and verifies the personal identification data of our account holders, while logging and tracking itemised statements of all the transactions that are carried out by our clients. Prior to opening an account with BlackBull Markets a valid form of government-issued identification (Driver's License, State ID, or Passport), a proof of residence, and bank account information is required, along with your completed account application. Additionally, BlackBull Markets tracks all suspicious transactions of our clients, and transactions executed under non-standard trading conditions.
BlackBull Markets' AML Policies
Client funds are held in separate, segregated accounts that are designated only for client deposits and withdrawals.
Monitors funding from various bank accounts outside of the account holder's home country.
Neither accepts cash deposits nor disburses cash under any circumstances.
Does not accept third-party deposits of any kind.
Matches each deposit to the account name on file for that customer.
BlackBull Markets reserves the right to refuse processing a transaction at any stage where it believes the transaction to be connected in any way to money laundering or criminal activity. In accordance with international law, BlackBull Markets is not obligated to inform the client if suspicious activity is reported to any corresponding regulatory or legal bodies.