Blackwell Global – Forex Brokers Review & Rating
Blackwell Global, founded in 2010, prides itself on its commitment to being the most trusted financial service provider. Authorised and Regulated by the U.K. Financial Conduct Authority (FCA), Blackwell Global offers clients, money managers and industry professionals the ability to trade products such as Forex, Indices, Cryptos and a range of commodities including Gold and Oil.
- Start year: 2010
- Country of origin: New Zealand
- Regulation:ASiC, CySEC, FCA
- Broker Type: STP
- US Traders: Yes
- Payment options: Credit Card, Wire Transfer
- Minimum account size: $2000
- Minimum lot size: 0.01 lot
- Leverage: 1:200
- Spreads: 0.01 pips on EUR/USD
Trading Platform and Features
It is impertinent to pick a broker that provides a trusted, efficient and user-friendly platform for trading. This is where Blackwell Global won’t disappoint you. The broker offers the much sought-after MetaTrader4 platform to its clients. With MT4 interface, trading is simple, secure and convenient. Apart from MT4, Blackwell Global also provides the easy to customize INFINITUM platform. Both the platforms can be easily accessed via Windows, MAC and Android as well as iOS mobile devices.
Through Blackwell Global, traders can trade more than 65 different financial instruments, including more than 49 pairs of forex currencies as well as stocks, indices, metals, and CFDs. The broker, however, offers tight spreads and maximum leverage of 1: 400.
Similar to several other traders, the broker has a low minimum deposit requirement which is 500$ for an ECN account. Apart from this, the margin requirements also vary in accordance with the trader, instruments and accounts.
Deposit and withdrawal methods
While Blackwell Global does offer the demo trading account option to newbie traders, if you are looking to set up an account with the broker, then you will have to deposit the requisite funds through any of the different payment options such as Neteller, Bank Transfer, Credit Card and Skrill. Fund transfers are usually processed the same or the next day, the local transfer via banks may take up to 3 days, and international transfers may take around 5 days.
Withdrawals are processed through the same methods as mentioned above. While there is no fee on withdrawals, the minimum withdrawal through bank transfers is $100.
No matter what you do, it is important that you opt for a regulated broker. Brokerage firms that are duly regulated have to adhere to strict standards of clients’ funds safety. In the case of Blackwell Global, the broker is regulated and monitored by UK’s Financial Conduct Authority or the FCA. The firm has also acquired permissions from other regulatory bodies such as BaFin, MIFID, HFSA and AFM among others. The broker maintains client funds into segregated bank accounts. The firm holds funds with globally leading banks like Barclays. This indicates that your funds will never be used for covering the broker’s operational expenses.