Blackwell Global review
About the company:
Blackwell Global is an STP-broker. It provides direct access to the market without using the Dealing Desk. It offers a wide range of trading instruments including more than 32 currency pairs, precious metals and CFDs.
About the company. Security of funds
Blackwell Global is brand name of Blackwell Global Investments (Cyprus) Ltd that is regulated by the CySEC. Founded in 2010, it operates globally and has 8 introducing offices in Auckland, Beijing, Hong Kong, Lagos, Limassol, London, Melbourne, Shanghai and Singapore. Blackwell Global Investments (UK) Ltd., the broker’s subsidiary company, has a license issued by the FCA in February 2016 so it is eligible to operate in the UK.
Both the CySEC and the FCA apply certain requirements to providers of financial services in Cyprus and the UK correspondingly. Thus, they set the minimum capital requirement which stipulates that the British brokers must have at least 730,000 euros on their accounts while the capital of the Cypriot brokers must be no less than 1,000,000 euros.
The regulation by the FCA ensures safety of clients’ funds under the compensation program according to which 50,000 pounds per person may be paid out if the broker goes bankrupt. All brokers that are regulated by the CySEC also participate in the compensation program and pay out up to 20,000 euros per person in case of bankruptcy.
Additionally, Blackwell Global obtained a license from the Securities and Futures Commission (SFC) of Hong Kong in 2017.
Various account types differ by minimum deposit requirements and the size of leverage. Holders of standard and institutional accounts have access to Trading Central while those traders who register institutional accounts can use services of the company’s market strategist.
Besides, the broker provides Islamic accounts which charge no swaps.
The minimum deposit at Blackwell Global is $500. It is a rather high enter threshold as some other brokers require a minimum deposit of just $1.
The spreads and commissions are average comparing to other brokers.
Blackwell Global charges a spread of 1.6 points on EUR/USD.
The maximum leverage is 1:200 which is a standard size for most brokers. However, some brokers provide a leverage of 1:1,000.
Trading at Blackwell Global is conducted through the tried and true MetaTrader 4 platform.
This platform features a wide range of charts, technical indicators, and expert advisors.
Those clients who have several accounts can use the MT4 MultiTerminal (for clients from Cyprus) and Multi Account Manager (for clients from the UK).
Clients of Blackwell Global can make a deposit or withdraw their funds via:
Blackwell Global 2/10 (votes 2191)