Blackwell Global Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Blackwell Review.
Blackwell Global Review
Apart from their minimum deposit requirements and the higher leverage available to Mini account holders, there are no differences between the various account types. Standard & Institutional account holders are entitled to full access to Trading Central (and a Dedicated account manager) and only institutional account holders have direct access to the company’s chief market strategist for market insights.
What is more, there are swap-free (Islamic) options available for all account types to Muslim investors (subject to holding fees).
The Company. Security of Funds
Company Country Regulation
Blackwell Global Investments (Cyprus) Ltd Cyprus CySEC
Blackwell Global Investments (UK) Ltd UK FCA
Blackwell Global Futures Ltd, Blackwell Global Securities Ltd Hong Kong SFC
Blackwell Global is a STP broker allowing direct market access with No Dealing Desk intervention, offering trading in multiple assets, including over 32 currency pairs, precious metals and contracts for differences (CFDs).
Blackwell Global is the trading name of Blackwell Global Investments (Cyprus) Ltd, authorised and regulated by CySEC. Established in 2010, nowadays it is a global broker with 8 offices in Auckland, Beijing, Hong Kong, Lagos, Limassol, London, Melbourne, Shanghai and Singapore, as well as an international network of clients and partners. The broker’s London-based sister company Blackwell Global Investments (UK) Ltd. received a FCA license, active as of February 1, 2016, and is now authorized to provide its services in the UK.
Both CySec and FCA apply certain rules and requirements to providers of financial services in Cyprus and UK respectively. One of the most important is the minimum capital requirement. UK-based brokers are obliged to hold at least €730 000 and Cyprus-based ones – €1,000,000. Similarly, brokers in Australia must possess a minimum of $1,000,000 and those based in the US – $20 million in order to conduct business legitimately.
Regulation by FCA also involves additional guarantee to clients’ funds, as they fall under the Financial Services Compensation Scheme, where the maximum compensation cover is £50,000 per person. Similarly, all CySec-regulated brokers are members of the Investor Compensation Fund, which secures the claims of the covered Clients to a maximum of 20,000 EUR each.
In case you are interested in more FCA-regulated brokers, here you may view some.
Besides, Blackwell Global has obtained a double license from the Security and Futures Commission (SFC) of Hong Kong to offer securities and futures trading services in 2017. In Hong Kong, the broker operates a separate website, www.blackwellglobal.com.hk.
Trading Conditions
Minimum initial deposit
The minimum initial deposit for Blackwell Global’s clients is $500 (on the Mini account). Other FCA-regulated brokers, like FXopen and Price Markets, demand just $1 from clients to start with.
Average Spreads & Commissions
Blackwell Global offers typical spreads amounting to1.6 pips on EUR/USD. Such spreads are slightly above the average. For example, FxPro offers average spread of 1.4 pips on the EUR/USD for its commission-free MT4 accounts. You may look up real-time spreads of 15 leading brokers here.
Leverage
The maximum leverage level provided by this broker is 1:200, which is standard. FxPro, for instance, offers leverage up to 1:500. There are other brokers, like Cyprus-based FXTM, providing leverage levels as high as 1:1000. Traders, however, should be careful, for such leverage levels may both multiply their earnings and lead to heavy losses. That is why limitations on leverage levels are set in several jurisdictions: 1:50 in the USA, 1:25 in Japan, 1:100 in Poland.
Trading Platform
Blackwell Global provides the most popular trading platform MetaTrader 4, desktop and mobile versions available. What is more, the broker has announced forthcoming web version of MT4 on its website.
MetaTrader 4 is preferred by most traders, because it is equipped with an advanced charting package, a number of technical indicators, extensive back-testing environment and Expert Advisors (EA). Here is a list of more forex brokers offering MT4 platform.
In order to suit the needs of clients managing multiple accounts, this broker offers MT4 MultiTerminal platform (available for Cyprus-based registrants) and Multi Account Manager platform (UK) , Created by MetaFX (available for UK-based registrants).
Additionally, there is a Blackwell Trader Pro platform available for Institution Clients only, which provides competitive spreads, precise execution and displays market depth and liquidity with known counter parties.
Methods of Payment
There are several payment methods available to Blackwell Global’s clients:
– Debit/Credit Cards (Visa, MasterCard)
– E-Wallet: Neteller, Skrill
– Bank transfers – Bankwire
PayPal is the only major e-payment system missing.
Blackwell Global is a reliable and well-regulated STP broker with global presence, offering trade in currency pairs, CFDs and precious metals through the popular MT4 trading platform.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Blackwell Global Review Conclusion
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