BlackBull Markets receives NZ FMA Licence
FX and CFD broker BlackBull Markets receives NZ FMA Licence
New Zealand based Multi-Asset Broker BlackBull Markets has just announced that it has received a derivatives issuer licence from the FMA, strengthening its fintech offering domestically and globally.
Michael Walker, BlackBull Markets’ Director, commented on the news:
“We have been working with the Financial Markets Authority here in NZ for quite some time now while our business has continued to expand. With the addition of licencing from the FMA, our clients can now rest assured that they’re trading with a regulated broker in one of the safest and fastest-growing financial markets in the world.”
Since its establishment back in 2014, the broker has seen rapid growth and consistently doubled in size year-on-year over the past three years as well as expanded and tailored its product offering in dozens of new markets.
“We have a really great team here in Auckland and are focused on continuing to strategically grow the business over the coming years with the goal of becoming the leading online financial technology and foreign exchange broker.”
As a trader, it’s a general rule of thumb that we should always be looking to maximise potential returns (per unit of risk) with each transaction. We should always be looking to squeeze as much out of the market as we can. There are times when this can occur by simply letting the trade run its course. However, sometimes market conditions align perfectly for savvy traders to “press the trade” or “pyramid” into the trade.
According to Federal Reserve Chair Jerome Powell, a “decent” September NFP would be needed for the Fed’s planned bond-buying slowdown (tapering) to remain on track for November. Without Powell’s definition of “decent” or a stated value that meets that definition, the market might have to scramble to figure out what the September NFP will mean for the Fed’s tapering roadmap.
On the day that the whistleblower story broke, Monday 4 October, FB stock fell 2.77%. Coincidently, it should be noted that Facebook and its family of apps experienced a 7-hour outage on the very same day that may have heightened investors’ concerns about the stock. By the close of Wednesday, at the time of writing, Facebook has almost clawed itself back to its Monday opening price. FB stock rose 1.33% on Tuesday and another 1.18% on Wednesday.
Black Bull Group Limited (trading name: BlackBull Markets) is a New Zealand registered and incorporated company (company number: 5463921). We are also registered with the Financial Services Provider Register (number: FSP403326).
Black Bull Group UK Limited is registered in United Kingdom, Company Number – 9556804. Payment clearing services provided by: BlackBull Group UK Limited (Company Number – 9556804) Address – 483 Green Lanes, London, Greater London, United Kingdom, N13 48S
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
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