Blackwell Global Review
📅 Year founded	2010
📈 Multiple top-tier regulation	Yes
📍 Headquarters	London, United Kingdom
🌍 Country of regulation	Bahamas / United Kingdom / Hong Kong / Cambodia / Cyprus
✅ Regulators	SCB / FCA / SFC / SECC / CySec
📈 Execution Type	Market Execution
💰 Minimum Deposit	No
🛡️ Negative Balance Protection	Yes / Not on professional accounts
📉 Trading Platforms	MetaTrader5
☪  Islamic account	Yes
📉 Trading Instruments	Forex / Indices / Oil / Precious Metals / Cryptocurrencies
📱 Mobile trading	iOS / Android / Windows
💳 Payment Types Accepted	Debit and Credit Cards / Bank Wire Transfer / Skrill / Neteller
🎮 Demo Account	Yes
ⓒ Copy Trading	Yes
🎁 Bonus Offer	No
💰 Account Currencies	USD / EUR / GBP
📈 Minimum Trade	0.01 Lots
📈 Account Types	PAMM / MAM / ECN
📈 Margin Trading	Yes
📈 Trading fees	Low
📈 Inactivity fee	After 12 consecutive months of inactivity
💰 Withdrawal fee	No
☎ Customer Support	24/5
💰 Max. Leverage	200:1
✔️ Hedging Allowed	Yes
✔️ Scalping Allowed	Yes
💰 Commission	$0 USD on Standard / $4.50 USD on ECN
💰 Spreads	From 0.0 pips
💰 Leverage	Flexible
💰 Currency Pairs (Total Forex pairs)	50 +
🔢 Number of clients	10 000 +
🥇 Instruments Offered	65 +
📙 Education	Experts Corner / Tutorial Videos / Webinars / Cryptocurrency Guides / eBooks
Click here ✅ Open a Trading Account

 

WHAT IS BLACKWELL GLOBAL?

 

Found in 2010, Blackwell Global (Blackwell) 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 as well as multiple other regulatory authorities across numerous jurisdictions.

At Blackwell, clients can trade a range of trading instruments including forex, indices, oil, precious metals and cryptocurrencies.

The broker also offers its clients the world renowned MetaTrader5 (MT5) trading platform to trade on.

 

INTRODUCTION

 

Blackwell is a UK-based financial market trading company. It started its operations in the year 2010 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 accounts which include institutional and private accounts. Blackwell also uses one of the most advanced trading platforms available in the industry today (MT5).

The company became regulated by CySec in Cyprus by 2011 and moved its operations to the United Kingdom in 2016, where its headquarters has been based ever since. In the following years, Blackwell expanded to have offices in multiple parts of the world, as well as conforming to various regulatory authorities in that time.

Today with the improved regulation adherence, Blackwell has established itself as one of the most trusted brokers in the industry.

They offer various kinds of trading instruments which include the forex, indices, oil, precious metals and cryptocurrencies.

This company has won recognition in different areas and that is because of the way it caters to their traders. The multiple international awards are showcased later in this review, but point to this broker being highly rated and esteemed amongst its client based.

If you are looking for a highly reliable brokerage company you can do business with, you can consider Blackwell Global.

 

PROS & CONS

 

PROS

• The broker is highly regulated and authorised in different parts of the world.
• The funds of the company and that of customers are held in segregated accounts.
• There is no minimum deposit, meaning trading is accessible to anyone.
• They offer 50 + currency pairs.
• There educational offering is superb.

 

CONS

• There are a limited number of trading instruments on offer.
• They only offer the MT5 platform to trade on so clients do not have other choices.

 

TRADING INSTRUMENTS

 

When it comes to the provision of trading instruments, the company does not have as large a range as other brokers in the industry. However, the instruments they do offer, are tradeable in highly liquid markets and Blackwell does offer great service in the instruments they do offer.

 

Forex

Forex is the name for the foreign exchange trade. This is always the largest market that is provided by most brokers in the industry today.

It is also not surprising that this is the largest market the broker provides for its clients. This instrument certainly remains the most liquid in the world’s financial system today.

The company makes over 50 different currency pairs available to be traded. Its pricing system is very transparent and beneficial to clients.

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 Blackwell’s tight spreads, bringing the cost of trading down.
• Blackwell also offers fast order execution together with low latency rates.
• The pricing system is transparent.
• Their VIP service comes with the most favourable trading conditions.

 

Indices

Blackwell offers over 10 indices pairs, available to traders at fast execution speeds and low spreads. These indices are groups of assets bundled together, meaning that there is less volatility as there isn’t only one single instrument that effects the price movement of an index.

 

Commodities (Oil and Precious Metals)

The other trading instruments offered by this broker is commodities. Their offering extends to oil and precious metals such as gold, silver and platinum.

The spread provided by Blackwell is also competitive and depends on the commodity traded as well as the account type selected by the trader.

 

Cryptocurrency 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 in, include the following amongst others:

• Bitcoin.
• Dash.
• Ethereum.
• Litecoin.

 

TRADING PLATFORMS

 

Blackwell only offers one trading platform to its clients, the world renowned MT5 platform. After introducing this platform, the broker discontinued it offering of the MT4 platform.

 

MT5

This is the upgrade on the most popular trading platform in the whole of the financial world (MT4). 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 it offers them the best trading experience they can get in the industry.

Additionally, it comes with the most profitable features which can help investors to profit from the market. 

There are a lot of factors that make this software stand 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 also possible with this platform as it offers an app, available on the Google Play Store and the Apple App Store.

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.

 

ACCOUNT TYPES

 

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.
• Premium Account.
• TURBO Account.
• Islamic Account.
• Professional account.

 

Standard Account

One of the accounts Blackwell makes available is the Standard Account. The account has some important features that distinguish it from others, such as:

• Leverage of up to 200:1 is available.
• No minimum deposit is required.
• No commissions charged.
• Spreads from as low as 0.8 pips.

 

ECN Account

The ECN Account uses the STP system which ensures that clients enjoy lower spreads, and higher execution speeds compared to other account types. Some other features include:

• Spreads from 0.0 pips.
• Leverage of up to 200:1 is available.
• Commission is charged at $4.50 USD per lot.
• There is a minimum deposit required of $500 USD.

 

Premium Account

The Premium Account is similar to the Standard Account, but it offers lower spreads, available from 0.2 pips and lower leverage which is available up to 100:1. There is however, a minimum deposit amount of $500 USD.

This is a great value for money offering considering the low spreads and no commission charged thereon.

 

Turbo Account

The Turbo Account is a more accessible version of the ECN Account, with no minimum deposit required, leverage up to 100:1 and commissions charged at $2.50 USD per lot traded.

 

Islamic account

This account is based on the Islamic faith. The account does not attract any form of interest. It is compliant with Sharia law as no swap fees are charged on this account.

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. It can be requested on any of the above account types.

 

Professional Account

This account type is available upon request from Blackwell and has many strict requirements that need to be met by traders wishing to use this account.

Some of these requirements include having EUR 500 000 available for trading. Further criteria can be found on the broker’s website and traders should do research on this account type to see if they meet the criteria to qualify for a Professional Account.

This account comes with various benefits such as access to a dedicated account manager and leverage of up to 400:1 can be traded here.

 

HOW TO OPEN AN ACCOUNT

 

To open a trading account with Blackwell is a simple and easy process. It involves five easy steps as follows:

1. First is that you must provide the basic details about yourself which include your name, surname, your country of residence as well as your email address. The email address would be verified through an OTP that would be sent to it as well as to your phone number.
2. The second step of the account opening process is the provision of information relating to your employment status as well as your financial details.
3. The third stage of the process is also easy, involving the supplying of answers to the questionnaire relating to your trading experience.
4. The fourth step which is also important, is the uploading of your documents and you require this to prove your identity, as well as to prove the address you said that you are living at.
5. Finally, you must complete all further details as required by the membership form.

 

Once the information you provided to the broker is verified, the broker will then accept your membership and you would be registered as a trader.

You have now 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 USD depending on the account type selected. It may also be $0 USD if you select the Standard or Premium Accounts. Once you have deposited funds, you will then be able to start trading.

 

DEMO ACCOUNT

 

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 30 days so that you can experience the trading conditions provided by Blackwell.

Blackwell aims to simulate real, live trading conditions as you would experience when trading on the live trading accounts.

The demo account is helpful to new traders as well as to experienced traders who are looking to test new strategies before implementing them on their live accounts.

The broker also provides you with a simulating amount of USD10 000 USD 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

 

This is an innovative trading method where inexperienced traders can copy the accounts of experienced traders.

While Blackwell does not offer its own copy trading system or its own community for social trading, they do not prohibit traders from implementing these strategies on their own accounts.

There are various features available on MT5 which can be utilised on your trading account for copy trading. They allows the use of features such as EAs which are easily applied to live accounts.

 

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 spreads they offer their clients who open the Standard Account, where no commissions are charged. Spreads start at 0.8 pips and no commissions are charged, representing one of the best commission offerings in the industry.

The cost for an ECN Account is quite different and it is charged on commission per trade. These commissions start at $4.50 per lot traded but this is well worth it, as they implement the STP system which results in lightning fast execution speeds.

The same is applicable on the Premium and TURBO Accounts.

Additionally, unless the Islamic Account is selected, there are swap-fees applicable on all account types, when trades are held overnight or over weekends.

 

LEVERAGE

 

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 is in your favour, it is counterproductive when the market goes against you as you can lose your entire 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. For the ECN and Standard Accounts, the leverage is available up to 200:1, while on the Premium and TURBO Accounts, the leverage is up to 100:1. On Professional Accounts, traders can enjoy leverage of up to 400:1.

 

WITHDRAWALS AND DEPOSITS

 

When it comes to withdrawals and deposits, the company provides for different withdrawal and deposit methods. The payment methods accepted by Blackwell include bank transfers, e-wallets in the form of Skrill and Neteller, as well as debit and credit cards.

Withdrawals and deposits do not attract and fees as they do at many other brokers. Additionally, inactivity fees are only charged after 12 consecutive months of inactivity.

 

CUSTOMER SERVICE

 

Blackwell offers a variety of 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 request a call back from the broker, which does not cost you a dime. The other methods of contacting them are email as well as telephonic contact which is available 24/5.

Their customer service is available in a variety of different languages, making it accessible to many traders. Additionally, there is a FAQ section available which you can also address if you do not want to contact the broker first.

 

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 is within the FCA jurisdiction. This is a body that is known to be strict when it comes to the operation of financial markets.

Blackwell also keeps their client funds segregated from their own, meaning that your funds are not used in the operations of the broker and in the event of bankruptcy, your funds will be protected.

Additionally, for clients based in the UK, the compensation scheme also applies, protecting your funds up to the amount of GBP 85 000.

 

PROMOTIONS

 

The company does not currently offer any promotions on their website but this does not mean they won’t offer them in the future. Any future promotions may also be affected depending on the jurisdiction you reside in, as various regulatory bodies have different rules regarding promotions.

 

RESEARCH

 

Blackwell 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 include the following:

• Economic calendar.
• Market news.

 

EDUCATION

 

Most importantly, the company does offer varieties of educational tools which can help traders to master the market, and these include the following:

• Tutorial Videos.
• Experts Corner.
• Webinars.
• Cryptocurrency Guide.
• eBooks.

 

Beginners require these tools to learn more about the market before they start to trade with their real money. This can assist them to familiarise themselves with the process. Even expert traders can benefit from the educational tools on offer from Blackwell.

 

GLOBAL AWARDS

 

Blackwell has also received numerous international awards, recognising their superb services as a broker in the trading industry. Some of these awards include the following:

• Best ECN Forex Broker (2021) – World Business Outlook Awards.
• Best Online Forex Broker (2019) – Acquisition International.
• Most Trusted Financial Service Provider (2019) – Wealth & Finance International.
• Best Crypto Trading Provider (2019) – International Business Magazine.

When viewing the above awards, it is clear to see that Blackwell is a well-respected and highly thought of broker.

 

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 on brokers. The various entities they comply with is always a good sign for the safety of the broker.

Blackwell has been in operation since 2010 and has a reputation as a safe and transparent broker. The addition of negative balance protection and segregated client funds are further good indicators of trustworthy brokers in the industry.

 

CONCLUSION

 

Blackwell Global is a leader in the provision of financial assets in the trading industry. Although they provide few instruments, the offering is specialised and of a high quality.

Blackwell offers over 50 currency pairs for clients to be traded with, as well as other popular instruments such as metals and oil. They allow their client to trade these on the award winning MT5 platform.

Combined with the super low spreads offered by Blackwell as well as the competitive pricing, after conducting this review of the broker, the team at Brokersuggest.com highly recommends potential traders to consider Blackwell Global as their broker partner in their trading journey.