Our Blackstone Futures Fees and Spreads Revealed:
Fees and Spreads
The spread list that Blackstone Futures offers starts from 0.6 pips on EUR/USD.
The spread list that traders can expect from Blackstone Futures will depend on the financial instrument that is being traded and the market conditions on the day of trading. Blackstone Futures does not charge any commissions and spreads are marked up to include broker fees for facilitating the trade.
The typical spreads that traders can expect across other financial instruments include the following:
- 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%
Additional Trading Fees
Overnight fees, also known as swap fees or rollovers, are either credited or debited depending on the financial instrument being held and whether the trader is holding a long or short position.
The swap fees that traders can expect from Blackstone Futures will depend on the following:
- The daily interest adjustment
- The position size
- The underlying index price at the time that the fees are calculated
- The applicable annual interest rate, which is either +/- 2.5% above or below the cash rate indicator for the specific instrument, unless this is otherwise indicated by the broker
Each financial instrument is calculated differently and before holding a long/short overnight position, traders must familiarise themselves with the interest that they will earn/pay. Blackstone Futures does not offer Muslim traders the option of an Islamic or Swap-free account.
This means that Muslim traders who follow Sharia law and who are prohibited from earning/paying interest must close their positions at the appropriate time to avoid such swap fees/interest.
Blackstone Futures is not a spread betting broker which means that spread betting fee will not apply.
There are no other broker fees indicated for Blackstone Futures. However, conditions may vary and change and there may be fees charged that are not mentioned in this review. Traders must ensure that they verify all fees before they register for a live trading account.
Pros and Cons
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How many instruments can I trade with Blackstone Futures?
You can trade any of the following instruments:
- Equity CFDs
Which platforms are supported by Blackstone Futures?
Blackstone Futures only supports the following trading platforms:
- 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?