Review summary
Black River Markets Sdn Bhd is a forex brokerage registered in Malaysia and has been operational for approximately 5-10 years. According to WikiFX data, the entity's regulatory status has been formally identified as a 'Clone Firm' by authorities, indicating it presents itself using details that are not legitimately its own. The assessment reveals no valid forex trading licenses from recognized regulatory bodies; references to a New Zealand FMA license (403326) and an FSPR registration are flagged as 'Unverified' and 'Clone Firm' respectively, meaning these credentials cannot be considered legitimate authorizations for its current operations. The broker's overall WikiFX score is 1.57, which reflects an exceptionally high-risk profile. Public information regarding specific trading conditions such as minimum deposit, leverage, or execution speed is not currently disclosed. This entity operates without any credible financial oversight, which represents a fundamental and severe lack of investor protection. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-13)
