Overall Rating
4.6/5
Rated #4 of
Recommended FX Brokers
Minimum Deposit
1000 ZAR
Regulators
FSA
📱 Trading Desk
MetaTrader 4
₿ Crypto
Yes
📈 Total Pairs
32
Trading Fees
Low
🕒 Account Activation Time
24 Hours
🏛️ Visit Broker
Our Blackstone Futures Account Types Revealed.
- ✔️Blackstone Futures Overview
- ✔️Blackstone Futures Account Types
- ✔️Blackstone Futures Account Features
- Blackstone Futures Demo Account
- Blackstone Futures Islamic Account
- Blackstone Futures Pros and Cons
- BLACKSTONE FUTURES AT A GLANCE
Blackstone Futures Overview
Established in 2009, Blackstone Futures is a well-regulated and popular South African STP broker and provider of CFD and forex instruments. Blackstone Futures is affiliated with Trade Nation, one of the largest multinational forex brokers in the world.
Blackstone Futures offers a range of markets that can be traded through either CloudTrade or MetaTrader 4. Blackstone Futures is a true STP broker that offers competitive trading conditions with tight spreads and commission-free trading, with the broker’s fee already added to the spreads.
Regulated and authorized by the Financial Sector Conduct Authority (FSCA) in South Africa under Financial Service Provider (FSP) number 49846, Blackstone Futures is a reputable and legitimate forex trading facilitator that ensures client security by keeping funds in segregated accounts with top tier banks.
The liquidity provider for Blackstone Futures is Finsa Europe Limited, the company that is firmly behind Trade Nation’s European trading arm, with registration in both Wales and England and subsequent regulation through the Financial Conduct Authority, one of the strictest regulatory entities in the United Kingdom, and globally recognized.
Another liquidity provider that Blackstone Futures uses is Finsa Pty Limited, the Australian trading arm of Trade Nation, with a respective Australian Financial Services license (AFSL).
Blackstone Futures Account Types
Blackstone Futures only offers one single standard retail trading account that can be used either on CloudTrade or MetaTrader 4. This single trading account caters for most traders despite their trading skills, experience, knowledge, or varying trading styles.
Blackstone Futures offers traders the option of registering a demo account from the official website. This account can be used by both beginners and experienced traders alike to serve several unique purposes.
While Blackstone Futures only offers one account, the broker offers a choice between two powerful, versatile, and powerful trading platforms through which trades can be executed. Each of these trading platforms offers traders a range of features, functions, trading tools, and different sources that can be used to conduct different analyses, analyze charts, and so on.
Traders are advised to demo each of these trading platforms to ensure that they can make the right selection when they register a live trading account.
Blackstone Futures Account Features
Standard Account
The Standard Account caters for all types of traders and offers the following features.
- A minimum deposit of 1,000 ZAR
- Micro-lot trading from 0.01 lots
- Leverage up to 1:400, which is not restricted to the account balance
- Access to ECN spreads
- Commission-free trading
- Spreads from 0.6 pips EUR/USD
The spreads that traders can expect from their Standard Account will depend on the financial instrument that they trade along with the market conditions on the trading day. Other spreads from popular financial instruments include.
- Indices – from 0.14 pips on the US SPX 500 with a margin requirement of 0.5%
- Commodities – from 0.4 pips on Spot Gold with a margin requirement of 0.5%
- Equity spreads from 1% and a margin requirement from 7.5%
Blackstone Futures Demo Account
Blackstone Futures offers traders the option of a demo account that can be used in any of the following ways.
- As a practice account where beginner traders can build trading experience and work on their skills before they transition to a live trading environment where their funds may be at risk.
- As a risk-free environment where traders can practice their trading strategies before applying them in a live trading environment where they could lose capital.
- To explore what Blackstone Futures offers before traders commit to registering a live trading account with the broker.
A demo account mirrors the features and functions of a live trading account perfectly without placing traders at risk of loss. The market conditions that are experienced in live trading are reflected in demo account mode, with the exception that traders cannot make real profits on their trades.
Demo accounts are the perfect tool, and their use and importance cannot be overstated. Traders often make the mistake of disregarding a demo account because it is seen as something that is only for beginners.
However, once experienced traders start using a demo account to test and back-test their strategies, the benefits thereof will be realized. The demo account can also help traders navigate the trading platforms that Blackstone Futures offers.
It helps traders decide on ideal technical indicators and other tools that they can use to help refine and improve their trading skills.
Blackstone Futures Islamic Account
The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
Blackstone Futures does not offer the option of an Islamic account to Muslim traders at present, according to an official Customer Support agent. This means that Muslim traders who choose to trade with Blackstone Futures must ensure that their positions and trades are closed before the trading session ends to avoid swaps and overnight interest being charged/credited.
Blackstone Futures Pros and Cons
BLACKSTONE FUTURES AT A GLANCE |
|
| Broker's Name | Blackstone Futures |
| Headquartered | Johannesburg, South Africa |
| Year Founded | 2012 |
| Regulating Authorities | FSCA |
| Countries not accepted for trade | United States |
| Islamic Account (Swap Free) | No |
| Demo Account | Yes |
| Institutional Accounts | No |
| Managed Accounts | No |
| Maximum Leverage | 1:400 |
| Minimum Deposit | 1,000 ZAR |
| Deposit Options |
|
| Withdrawal Options |
|
| Platform Types |
|
| OS Compatibility | Web browsers, Linux, Windows, macOS, Android, iOS |
| Tradable Assets |
|
| Languages supported on Website | English |
| Customer Support Languages | English |
| Customer Service Hours | 24/5 |
You might also like: Blackstone Futures Demo Account – Step by Step
You might also like: Blackstone Futures Fees and Spreads
You might also like: Blackstone Futures Minimum Deposit
Overall Rating
4.6/5
Rated #4 of
Recommended FX Brokers
Minimum Deposit
1000 ZAR
Regulators
FSA
📱 Trading Desk
MetaTrader 4
₿ Crypto
Yes
📈 Total Pairs
32
Trading Fees
Low
🕒 Account Activation Time
24 Hours
🏛️ Visit Broker
FAQ
TRADING ENVIRONMENT
How many instruments can I trade with Blackstone Futures?
You can trade any of the following instruments.
- Indices
- Forex
- Commodities
- Equity CFDs
Which platforms are supported by Blackstone Futures?
Blackstone Futures only supports the following trading platforms.
- CloudTrade
- MetaTrader 4
Does Blackstone Futures offer leverage?
Yes, Blackstone Futures offers leverage up to a maximum ratio of 1:400.
What spreads can I expect with Blackstone Futures?
You can expect variable spreads that start from 0.6 pips EUR/USD when you trade with Blackstone Futures.
Does Blackstone Futures charge commission?
No, Blackstone Futures does not charge commissions, but spreads are marked up to include the broker’s fee for facilitating the trade.
Are there additional charges on the Islamic account?
No, Blackstone Futures does not offer the option for an Islamic Account currently.
Is Blackstone Futures regulated and by whom?
Yes, Blackstone Futures is regulated by the FSCA.
Is Blackstone Futures a recommended forex trading broker for experts and beginners?
Yes, Blackstone Futures is a recommended forex trading broker for experts as well as beginner traders.
What is the overall rating out of 10 for Blackstone Futures?
9/10.
ACCOUNTS
What is the difference between a demo and a live trading account?
A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.
Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.
Does Blackstone Futures offer a demo account?
Yes, Blackstone Futures offers a demo account.
How long is the demo account valid?
The demo account will remain active and valid if the trader continues to use it.
Which live trading accounts does Blackstone Futures offer?
Blackstone Futures only offers a single live trading account that can be used either on MetaTrader 4 or CloudTrade.
Does Blackstone Futures offer an Islamic Account?
No, Blackstone Futures does not offer an Islamic Account to Muslim traders that follow Sharia Law.
What are the available deposit currencies for a live trading account?
Traders can only make deposits in ZAR or USD.
DEPOSITS AND WITHDRAWALS
What is the minimum deposit required to open an account with Blackstone Futures?
1,000 ZAR.
How do you make a deposit and withdraw money with Blackstone Futures?
- Local Deposit/Transfers
- Ozow
- Wirecard
- Credit/Debit Cards
Does Blackstone Futures charge withdrawal fees?
No, Blackstone Futures does not charge any withdrawal fees. Traders may be subject to processing fees by their payment providers, banks, or financial institutions through which they transfer and withdraw funds.
How long does it take to make a withdrawal?
Withdrawals can be processed immediately, or they may take several days, especially when using bank transfers.
