Is BlackBull Markets a Scam? Regulation Check 2026
We checked BlackBull Markets's licence in the official FSA register. Here is what the public records say.
Verdict
BlackBull Markets is NOT a scam. It holds FSA licence SD045, authorising it to offer trading services in Philippines.
How to verify on the official register
| Regulator | FSA FSA Seychelles Financial Services Authority (FSA) |
| Licence Number | SD045 |
| Regulated Entity | BlackBull Markets Ltd |
| Founded | 2014 |
What FSA regulation means
FSA-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FSA directly.
What FSA regulation means for your money
- Client funds held in segregated bank accounts, separate from BlackBull Markets's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with FSA if BlackBull Markets fails to resolve your issue
- BlackBull Markets submits to regular independent financial audits under FSA oversight
Frequently Asked Questions
Is BlackBull Markets a scam or legitimate?
BlackBull Markets is NOT a scam. It holds FSA licence number SD045. FSA is one of the world's most respected financial regulators. The licence is publicly verifiable in the FSA official register.
How do I check BlackBull Markets's FSA licence?
Go to the official FSA website and use the public register search. Search for licence number SD045 or the entity name. The record will confirm BlackBull Markets's authorisation status and the scope of its permissions.
Are my funds safe with BlackBull Markets?
As an FSA-regulated broker, BlackBull Markets must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if BlackBull Markets encounters financial difficulties.
What protection do I have as a BlackBull Markets client in Philippines?
In Philippines, BlackBull Markets operates under FSA supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with FSA.
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