Read our full Blackwell Global review below.
WHAT IS BLACKWELL GLOBAL?
Found in 2010, Blackwell Global is a respectable forex and CFD brokerage firm with its headquarters located in the UK. This online broker is regulated by the Financial Conduct Authority.
At Blackwell Global, clients can trade a range of trading instruments, such as Forex, CFDs, indices, commodities, and cryptocurrencies.
The broker also offers a variety of trading platforms to its traders, including MT4 and Infinitum.
Blackwell Global is a UK-based financial market trading company. It started its operations in the year 2010 and it started in New Zealand as an online trading company.
Today the company has established locations in many other parts of the world. The company offers different kinds of trading account which include institutional and private accounts. Blackwell also uses one of the most advanced trading platforms available in the industry today.
The company took its business to Cyprus around the year 2011. They moved to the UK in 2016 and from here it moved to other parts of Europe. Now the company has its presence in Africa since it established offices in Africa and the Middle East.
Today with the improved regulations because it expanded its business in other parts of the world where regulation is strict, this company regards itself as the most trusted provider in that industry.
They offer various kinds of trading instruments which include the forex market, others are indices, cryptos as well as commodities which include gold and oil.
The provider has now been established in almost all parts of the world and it is established in well over ninety countries of the world.
This company has won recognition in different areas and that is because of the way it caters to their traders. Many people who trade with the company always rate them very high.
If you are looking for a highly reliable brokerage company you can do business with, you can think of Blackwell Global.
PROS & CONS
- The company is highly regulated and authorized in different parts of the world
- This broker is highly regulated and authorized in different parts of the world
- The funds of the company and that of customers are in segregated accounts
- The minimum deposit is $500 which is affordable
- Offers transactions in digital currencies
- e-wallet deposits like bitcoin possible
- Limited trading instruments are offered
- Does not require CFDs shares
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When it comes to the provision of trading instruments the company does not have varieties like most other providers. However, they make provision for trading in some instruments like foreign exchange markets, commodities, CFDs as well as crypto.
Forex is the name for the foreign exchange trade. This is always the largest that is provided by most brokers in the industry today.
It is also not surprising that this is the largest the company provides for its clients. This instrument certainly remains the most liquid in the world financial system today.
The company makes available different currency pairs. Its pricing system is very transparent and lucrative. The instrument offers a lot of benefits for traders who delve into it, and that company makes it so.
There are some benefits you can derive when you delve into trading this instrument and here are some of them:
- It makes it possible for traders to gain access to tight spreads in the market and that brings down the cost
- This makes for fast order execution together and this comes with low latency
- The pricing system is transparent
- VIP service comes with the most favorable trading conditions
The other trading instrument offered by this broker is the commodities. This involves transactions in metals like gold, US oil as well as UK oil, silver, and so on.
The spread is also competitive, and it depends on the commodity in the quest as well as the type of account the trader is using for the trade.
This instrument is another profitable portfolio that Blackwell Global provides for its customers. You trade across multiple access using that your account.
Within the dealing platform, the broker makes it possible to trade different instruments such as forex pairs, CFDs, and precious metals at the same time.
It makes it possible for its investors to invest their monies in different portfolios at the same time. It can also help in monitoring as well as managing the portfolios.
When traders use this instrument to trade short sell, it makes them profit very well from a falling market. This kind of trading is known as hedging. The company offers this kind of trade and many traders use this tool to profit from the market.
Crypto currency CFDs
Most importantly the company makes it possible for its clients to invest in different cryptocurrencies. The popular digital currencies you can invest your money here include the following:
- As well as Monero and many others not mentioned here.
The company makes available for the benefit of its traders different trading platforms.
Here you can choose between the most popular choice in the market which is the MT4 together with the variations of it available in different operating systems such as mobile androids, iOS, and Infinitum.
This is the most popular trading instrument in the whole of the financial world. Just as it is popular with this broker, it is also popular with other brokers in different parts of the world.
Many traders cannot do without it for obvious reasons. The first is that offers them the best trading experience they can get from the industry.
Besides, it comes with the most profitable features which can help investors to profit from the market.
There are a lot of factors that stand the software out from others in the market and the most important amongst them are the following:
- It provides internal news updates
- This comes with a user-friendly layout
- This makes many trading indicators easy to deploy and to create
- It facilitates access to EAs
- This provides free research materials
- Makes for advanced charting tools
Mobile trading is easier with the broker because it makes it easier to trade instruments of your choice and you can trade them anywhere you want at any time.
Using your iOS and Android smartphones you can trade all kinds of different instruments including forex, CFDs as well as spot metals by using mobile devices.
This platform provides useful functions for the benefit of its clients. The importance of this tool is to minimize the working loads of clients and makes it easy for them makes it easy to gain access to the traders’ profiles.
Furthermore, it makes it possible to observe the client’s trading history. Most importantly, this makes it easy for the personalization of the trading experience and the monitoring of the client’s stats as well as rebates and commissions.
There are other benefits that you derive from Infinitum and they include the following:
- They make 24/7 customer support possible, and you can view any information you want in a real-time
- This also makes for centralized control as well as the overview of account
- Provides security
- Makes for continuous developments
- The finding of the management systems and many other benefits clients derive from the system.
Perhaps the greatest benefit you can derive from the platform is the availability of different trading accounts which clients can choose from.
Here are some of the account types which the provider makes available and they include the following:
- Standard account
- ECN Account
- Swap-free or Islamic account
- Pro account
One of the accounts Blackwell Global makes available is the standard account. The account has some important features that make it different from the other kinds of account and they include the following:
- Leverage of 1:30, this applies to retail account and you must apply for it
- Stop out level at fifty percent
- 24-hour support on any trading day
- Provides information about market outlook
- Easy to upgrade to ECN account
- Offers MT4 and its indicators
- Offers thirty minutes of training with MT4
- Makes digital deposit possible
- Trading diary available
This is another type of account and this second type is meant for professional traders. The account trading condition here is very conducive and it benefits experienced traders more. It has some advanced benefits and the basic standard benefits you can get from the standard account. The other things outstanding under this account type include the following:
- It makes for spreads ranging from 0.1 pips
- Fast execution
- Tier 1 liquidity
- Trade micro lots starting from 0.01
- Commissions are charged on performed transactions and this depends on the trading volume
This account is based on the Islamic religious faith. The account does not require any form of interest. It demands all the prohibitions allowed by the Islamic laws.
When you have this kind of account you can hold a trading position overnight and it does not attract any interest. This makes it different from the other types of accounts.
As you can get from the name, this kind of account is meant for professionals.
Some benefits are associated with this kind of account. It is for professionals and not for beginners, it must have some benefits which make it attractive to investors. Here are some of the benefits of having this kind of trading account.
- You can gain access to your personal account manager
- It makes for the best execution and it comes with several other benefits. Everybody cannot demand this kind of account; you must first qualify for it.
Before you can get this account, you must meet certain criteria and here are some of the conditions you must meet before you can create this kind of account and they include the following:
- It demands that you must have cash or liquid of more than five hundred thousand euros, and this does not include any house or estate
- Secondly, the trader must have the requisite trading experience in financial services
- For the four quarters he was engaged with the platform he must have participated in active trade at least ten times.
HOW TO OPEN AN ACCOUNT
To open a trading account with Blackwell Global is a simple and easy process. It involves five easy steps, and the five easy steps are the following:
- First is that you must provide the basic details about yourself which include your name, surname, your country as well as your email address. The email address would be verified through OTP that would be sent to it as well as your phone number
- The second leg of the account opening process is the provision of information relating to your employment status as well as your financial details.
- The third stage of the process is also easy, and it is supplying answers to the questionnaire that has to do with your trading experience.
- The fourth step which is also important is the uploading of your documents and you require this to prove yourself as well as to prove the address you said that you are living in.
- Finally, you must complete all the contact details as they demanded from you in the member’s application form.
Once the information you provided to the broker is verified and the uploaded documents received and accepted to be true, then they would accept your membership and you would be registered as a trader.
You have opened the account. The next thing to do is to fund your account by depositing at least the minimum amount required from you. You can go above the minimum if you like.
The minimum to deposit to your trading account is the sum of $500. When the money hits your account then it is open, and you can begin to trade with the money.
The company also offers a free demo account which is different from the regular trading account. This kind of account is known as a practicing account and they allow you to practice with the account for thirty days.
You access the same kind of screen and data you will meet in a live trading account. The demo account is just a replicate of what you see in a live trading account.
The broker also provides you with a simulating amount of 10,000 dollars which you can use to trade the demo account. You must practice with this demo account until you can migrate to a live trading account.
It is necessary for training and practice. This is provided by most brokers and this broker is not different.
SOCIAL TRADING AND COPY TRADING
Social trading and copy trading are available in most brokers. It is not clear whether this provider makes it possible for its clients.
This is an innovative trading method where inexperienced and learner traders can copy the account of experienced traders. It is not free. You must pay the trader you are copying from.
The payment is in different forms. You can share a certain percentage of what you earn when you copy the trade. The copy system can be directly on the broker or through another broker.
When the person enters a trade, you will enter and when he exits a trade you would exit. You would take every step he takes. This is the way the system works, and it is not certain whether this provider offers this kind of trading system.
COMMISSIONS & FEES
There are ways brokers charge their customers for using their platform to trade. They make money in the form of fees and commissions. The cost is also built into spreads.
This is also the case with Blackwell Global brokers. One thing unique with this provider is the tight spread they offer their clients who open the standard trading account.
The cost for an ECN account is quite different and it is charged on commission per trade. They also charge overnight held fees and you must be mindful of this when you consider all the costs involved.
Leverage is a practice put in place by brokers for traders to trade more than they have in their accounts.
The position they hold in most cases is larger than their initial deposit. While this is good when the market gets to your favor, it is counterproductive when the market goes against you as you can even lose your complete investment.
When you use this platform, the leverage you enjoy varies and it depends on the regulatory authorities and the countries you are based on. If you are in New Zealand, you can enjoy up to 1:400 leverage.
Traders in Cyprus and the UK can have a leverage of 1:30 for forex investment.
WITHDRAWALS AND DEPOSITS
When it comes to withdrawal the company makes for different withdrawal and deposit methods. The payment methods accepted to Blackwell is bank transfers, e-wallets as well as debit and credit card.
E-wallets they support are bitcoin, Skrill, and Neteller as well as Bitcoin. These payment methods are accompanied by currencies that are acceptable to them.
Transfer limits are determined by the clients when they are using Skrill, Neteller as well as debit and credit cards. This is not the case when you are using bitcoin. The transfer limit here is 3150 euros.
The company has different ways of contacting them. If you check the website, you will see the various methods they make available and the most popular amongst them is the live chat system.
You can contact and chat with them from any part of the world. You can also require a call back from a company that does not charge a dime. The other methods of contacting them are email as well as telephone contact.
The option to choose depends on you. Most importantly there are the frequently asked questions sections where you can get information on most things that may bother you about the system.
SAFETY AND SECURITY
The company is safe to do business with. You can see that they have establishments in different parts of the world. Blackwell services are regulated in most of the countries they have their businesses in.
Blackwell Global is within the FCA jurisdiction. This is a body that is known to be strict when it comes to the operation of financial markets.
The broker must comply according to the regulations set by the controlling body. You can do business with them safely without worrying about your investment.
The company does not offer any bonuses or deals on its websites. This is because they comply with the FCA guidelines. Even when they have to offer it and it would be in some restricted areas as they would not offer it in all parts of the world.
When there are deals and offers you would see them on the website.
Blackwell Global does provide helpful materials that can help traders to trade profitably. There are some useful tools this broker makes available and the most important amongst them that can help traders include the following:
- A market outlooks
- They feature an economic calendar and this you can access through the MT4
- Product news as well as announcements
Most importantly, the company does offer varieties of educational tools which can help traders to master the market, and these include the following:
- Indicator guides
- Trading guides
- Forex zones
- Trading Bootcamp
Beginners require these tools to know more about the market before they start to trade with their real money. This can assist them to familiar the process.
Blackwell is well to get any global awards as there is none shown on their websites.
Furthermore, there are no promotions on the website right now. Maybe it can be shown in the future
The firm does also provide contests. There is none of such available on the website. If it is available, they advertise it on the website.
SAFE OR SCAM?
Blackwell is a reputable company. It is one hundred percent safe. The company is well regulated across various parts of the world. It is regulated by the FCA which is known to be very strict with this kind of broker.
There is entirely not to lose when you invest with them. The company is one hundred legit.
Blackwell Global is the leader in the provision of the financial assets market. They provide instruments from various kinds of markets, and the instrument is in all parts of the world.
They use a convenient and reliable instrument. Most importantly they use the most innovative technology. The company is one of the best in terms of cost.