Blackstone Futures – Minimum Deposit

Blackstone Futures – Minimum Deposit

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Blackstone - Minimum Deposits

 

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 Minimum Deposits Revealed:

 

Minimum Deposit

Blackstone Futures has a minimum deposit requirement of 1,000 ZAR.

 

This minimum deposit amount is equal to $67 at the current exchange rate between the United States Dollar and the South African Rand. Blackstone Futures only accepts deposits in either USD or ZAR, which means that traders who deposit in other currencies could face currency conversion fees.

 

Blackstone Futures is well-regulated by the FSCA, a reputable market regulator in South Africa. One of the requirements that the FSCA has, is that Blackstone Futures must keep all client funds in segregated accounts, separate from the broker account.

 

These funds may not be used for any activities other than trading and the funds must be withdrawable immediately by clients. Blackstone Futures may not use these funds toward operational activities or to fulfil its financial obligations.

 

Deposit fees and deposit methods

Blackstone Futures does not charge any deposit fees according to the official website. When traders pay the minimum deposit amount of 1,000 ZAR, they can use any of the following payment methods:

 

  • Local Deposit/Transfers
  • Ozow
  • Wirecard
  • Credit/Debit Cards

 

When traders deposit the minimum deposit, they can use the following deposit currencies:

  • USD
  • ZAR

 

Blackstone Futures does not charge any deposit fees, but this does not exempt traders from potential processing fees that their payment provider, gateway, bank, or financial institution may charge for the transaction.

 

When traders make payment to their Blackstone Futures account, they must do so from an account that has the same name as their trading account. Blackstone Futures, like many other brokers, does not accept third-party payments or payments from unknown sources.

 

The simple reason for this relates to strict anti-money laundering (AML) procedures that are implemented to ensure a secure, safe trading environment for all traders and to prevent malicious entities from transacting through brokers.

 

Traders must ensure that they deposit funds in the same currency in which they registered their trading account. If traders use another deposit currency, they may face currency conversion fees.

 

Step by step guide to depositing the minimum amount

To deposit funds into the trading account, traders can follow these simple steps:

 

  • Log into the client area on the Blackstone Futures website or the client terminal.
  • Select the option to deposit funds.
  • Choose a deposit method, enter the amount to deposit and the currency.
  • Confirm the deposit and follow any additional prompts that may be requested by the payment provider.

 

Pros and Cons

PROS CONS
Reliable funding options are offered Limited deposit currencies
Deposit fees are not charged Limited funding options
Reasonable minimum deposit amount required

 

You might also like: Blackstone Futures Account Types

You might also like: Blackstone Futures Demo Account

You might also like: Blackstone Futures Fees and Spreads

 

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

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.