Blackwell Global Forex Trade Platform and Broker Review

Blackwell Global Forex Trade Platform and Broker Review

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Blackwell Global Broker Review

Blackwell Global is an award-winning online brokerage firm that was founded in 2010 in the United Kingdom. Blackwell Global’s main financial services involve offering forex traders with online forex and CFD financial instruments to trade in global markets.

Blackwell Global has between 100 and 500 employees and only has an office based in the UK.

Is Blackwell Global Regulated?

Yes, Blackwell Global is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Securities Commission of the Bahamas (SCB) in the Bahamas.

According to the Blackwell Global website, the broker has regulation for a cross-border license, authorizing it to offer investment and ancillary products as well as services.

The regulation and authorization that Blackwell Global has to ensure that the broker complies with stringent requirements associated with client fund security. Client funds are kept in segregated accounts with top-tier banks, away from the operational funds of Blackwell Global.

Is Blackwell Global Regulated in the United States?

No, Blackwell Global is not regulated in Virginia or any other US state. 

Is Blackwell Global Regulated in Europe?

Yes, Blackwell Global is regulated in Europe by the Financial Conduct Authority in offering cross-border investment services as a regulated and authorized broker in Europe.

Is Blackwell Global regulated in a Tier-1 Jurisdiction?

Tier-1 jurisdiction offers brokers with the necessary license to provide financial services in the following jurisdictions: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official Blackwell Global website, Blackwell Global is regulated in Tier-1 jurisdiction.

Is Blackwell Global regulated in Tier-2 Jurisdiction?

Tier-2 Jurisdiction grants Blackwell Global the license to offer financial services in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, Blackwell Global is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in Blackwell Global?

Blackwell Global offers forex traders the most popular trading platform in the MetaTrader suite namely MetaTrader 4. In addition, Blackwell Global also offers trading clients and partners with the use of Infinitum and MetaTrader 5, which is only available to forex traders who register an account under SCB regulation.

  1. Blackwell Global’s MetaTrader 4 is uniquely designed to offer Blackwell Global clients the best trading experience by combining automatic market updates with a user-friendly interface, internal news updates, and the ability to create as well as employ a variety of technical indicators and expert advisors, or EAs.
  2. Blackwell Global’s Infinitum is sophisticated software and a bespoke back-office platform that offers clients easy access to their profiles, trading history, and more, offering the chance for forex traders to personalize their trading experience.
  3. The Blackwell Global MetaTrader 5 is the most recent version in the MetaTrader suite that offers forex traders additional tools and capabilities. forex traders also have access to an MQL5 community, a marketplace, and the use of additional time frames, indicators, and more.

Does Blackwell Global Have a News Blog for Forex News?

Yes. Blackwell Global offers a news blog for forex news. This news blog offers forex traders the most recent updates in the forex market. It also allows forex traders to browse earlier news reports, allowing for comprehensive and in-depth fundamental analysis.

Does Blackwell Global Have a Traders Dashboard?

No, Blackwell Global does not have a forex traders dashboard. forex traders can, however, make use of the forex traders dashboard which is available in MetaTrader 4 and MetaTrader 5.

Does Blackwell Global Have an Educational Section?

Yes, Blackwell Global has an education section also known as the Academy that offers forex traders, from beginners to more advanced forex traders, with all that they need to ensure that they are ready to take on the markets. 

What is the content of Blackwell Global Forex Education?

Blackwell Global offers several sections under its forex education that deals with a variety of topics including:

  1. Trading Guides
  2. Indicator Guides
  3. The Forex Zone
  4. The Crypto
  5. Trading Bootcamp

The Trading Guides offered by Blackwell Global cover a variety of topics in a blog-style format. Some of the topics that can be found under this section include, but is not limited to:

  1. “The Next British PM and the Fate of the GBP”.
  2. “Why Non-Farm Payrolls can Influence USD”.
  3. “How Italian Fiscal Policy Could Affect the Euro”.
  4. “What does a Soft Brexit Mean for GBP”.

Indicator Guides that are offered include a variety of topics surrounding the indicators that can be found on MetaTrader 4, offering forex traders insight into what these indicators do, how they can be used, and when they should be used. These topics including the following:

  1. “Spin Bowler MT4 Indicator”.
  2. “Brick Trend MT4 Indicator”.
  3. “The Hotdog MT4 Indicator”.
  4. “Rarity MT4 Indicator”.
  5. “3 Star Break MT4 Indicator”.

The Forex Zone is an independent section of forex education that offers forex traders a variety of tools, articles, educational guides, and more. The Forex zone is presented in two sections; one of which is free to all, and one which is only available to Blackwell Global’s clients.

The Article categories in the Forex Zone cover the following:

  1. “Price Action Strategies”.
  2. “Backtesting/System Analysis”.
  3. “Cryptocurrencies”.
  4. “Gann/Elliott Wave”.
  5. “Risk Management”.
  6. “Trading/Technology”.
  7. “How To/General”.

Trading tools in the Forex Zone cover:

  1. “MT4 Indicators”.
  2. “Online Trading Diary”.
  3. “Sentimental Analysis”.
  4. “Excel Trader”.
  5. “Session Maps”.
  6. “Correlation Matrix”.
  7. “Economic Calendar”
  8. “Trading Alarms”.

Videos in the Forex Zone include the following:

  1. Tutorials
  2. Webinars
  3. MT4 Indicators

The Crypto Section under Blackwell Global’s education includes the following:

  1. Trading Tools
  2. Articles
  3. Videos

The Trading Bootcamp is a new initiative that Blackwell Global offers in an effort for forex traders to achieve the following:

  1. Learn how to read price action.
  2. Discover the rules to the top 3 trading strategies.
  3. Learn in live market conditions.

Is Blackwell Global Legit?

Yes, Blackwell Global is a legit Forex Broker as well as a Trade Platform that is regulated by FCA and SCB in offering trading solutions and services.

Is Blackwell Global Safe?

Yes, Blackwell Global is a reliable and safe Forex Trade platform that has regulation and authorization through reputable entities such as:

  • The Financial Conduct Authority (FCA) regulates Blackwell Global in the United Kingdom.
  • The Securities Commission of the Bahamas (SCB) in the Bahamas.

Blackwell Global is required to keep all client funds in segregated accounts with top-tier banks, separate from the operational funds of the broker. These funds may not be used towards anything other than trading activities.

Is Blackwell Global a Good Broker?

Yes. According to the Forex Suggest review, in terms of trading speed, security, cryptocurrencies, and online support, Blackwell Global is a good broker. 

  1. In terms of trading speed, Blackwell Global has tier-1 liquidity with fast order execution and low latency.
  2. In terms of security, Blackwell Global makes use of strict security protocols involving SSL and multi-layer security to ensure a secure trading environment and the encryption of information, data, and transactions.
  3. In terms of cryptocurrencies, Blackwell Global offers Bitcoin, Ethereum, Litecoin, Dash, NEO, Monero, Zcash, Eidoo, EOS, Metaverse ETP, IOTA, OmiseGO, Santiment Network, Ripple, Tron, and Qtum as Crypto CFDs that can be traded.
  4. In terms of online support, Blackwell Global offers online support through live chat that can be contacted 24/5 and offers prompt support.

What is the Offering of Investment in Blackwell Global?

Offerings of Blackwell Global can be found below.

Feature Blackwell Global
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  No

Does Blackwell Global have Nasdaq?

Nasdaq is the second-largest stock exchange in the US by market capitalization that offers the trade in the top technology stocks in the US.

Blackwell Global offers forex traders the trade of Stock and Index CFDs.

What are the Awards of Blackwell Global?

Forex Trading Platform Blackwell Global’s awards are listed below.

  1. Best Forex Broker UK (2019) – Acquisition International
  2. Best Forex Broker UK (2019) – Global Business Outlook
  3. Most Trusted Financial Service Provider (2019) – Wealth and Finance
  4. Best Cryptocurrency Trading Provider UK (2019) – International Business Magazine

How to Use Blackwell Global for Forex trading?

To use Blackwell Global, a forex trader should have the necessities below:

  1. Forex traders must be 18 years or older.
  2. Forex traders must have proof of their identity and proof of their residential address as part of the “Know Your Client” or KYC process.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of Blackwell Global.

How to open a Forex trader account with Blackwell Global?

To open a Forex Trading account with Blackwell Global, a trader should follow the steps below.

  1. Forex traders can visit the official Blackwell Global website and select “Start Trading”.
  2. Forex traders can select whether they want a live trading account under FCA or SCB regulation and provide some basic details including first and last name, country of residence, email address, and mobile number. forex traders will be sent a verification code to this address that they must enter before they can proceed.
  3. Forex traders can continue with the application and provide further details on their employment and financial details, provide their trading experience, and upload proof of their identification and residential address before the application can be submitted.

What are the Forex Trader Account Types with Blackwell Global?

Forex Trading Platform and Financial Asset Management Institution Blackwell Global has 7 different account types that are offered.

Blackwell Global Account Types are listed below. 

  1. Demo Account

  2. Islamic Account

  3. Standard Account

  4. ECN Account

  5. Premium Account

  6. Turbo Account

  7. Professional Account

  • Demo Account

Blackwell Global offers forex traders a demo account that can be used for practice trading, testing trading strategies, and exploring the broker’s offer in a risk-free manner.

  • Islamic Account

Blackwell Global offers Muslim forex traders who follow the Sharia Law access to interest-free accounts that follow the basic prohibitions of Riba. Muslim forex traders who qualify must register a live trading account and send a request to customer support for the live trading account to be converted.

The Blackwell Global Islamic Account offers the following:

  • Maximum order size of 100 lots.
  • 24-hour trading.
  • 5 decimal pricing
  • Access to Micro Lot trading from 0.01 lots.

 

  • Standard Account

The Standard Account is the basic, entry-level account that caters to most retail forex traders. The Standard Account has the following features:

  • No minimum deposit requirement.
  • Access to leverage of up to 1:200, with EU clients and those who have an account under the FCA being limited to leverage of 1:30.
  • Spreads from 1.2 pips.
  • Stop-out level of 50%.
  • Access to the market outlook.
  • 24/5 customer support.
  • Access to premium MT4 indicators.
  • Access to 30 minutes MT4 Training.
  • MT4 Accelerator Pack.
  • Access to the Trading Diary.
  • Deposits in Bitcoin.
  • Access to negative balance protection.

 

  • ECN Account

The ECN Account caters specifically to professional forex traders who need the best possible trading conditions available. The ECN Account has the following features:

  • Access to MetaTrader 4 and MetaTrader 5.
  • Minimum deposit requirement of $500.
  • Spreads from 0.1 pips.
  • Commissions of $4.5 per lot, per side.
  • Tier-1 liquidity.
  • Fast execution.
  • Access to a personal account manager.
  • The ability to trade Micro Lots.
  • Access to negative balance protection.

 

  • Premium Account

The Premium Account is offered under the SCB regulation and caters to all forex traders who want some of the best trading conditions. The features of this account are as follows:

  • No minimum deposit requirement.
  • Leverage up to 1:200.
  • Account currency of USD, EUR, or GBP.
  • Maximum deposit size of $5,000.
  • Micro Lot trading of 0.01 lots except with cash indices that offer the minimum of 0.1 lots.
  • Market Execution.
  • Margin call of 80% and stop-out of 50%.
  • 5 decimal pricing.
  • Floating spreads.
  • Commission-free trading.

 

  • Turbo Account

The Turbo Account is only available under SCB regulation and offers forex traders the lowest trading costs in the industry. The Turbo Account has the following features:

  • No minimum deposit requirement.
  • Leverage up to 1:200.
  • Account currency of USD, EUR, or GBP.
  • Maximum deposit size of $5,000.
  • Micro Lot trading of 0.01 lots except with cash indices that offer the minimum of 0.1 lots.
  • Market Execution.
  • Margin call of 80% and stop-out of 50%.
  • 5 decimal pricing.
  • Floating spreads from 0.0 pips.
  • Commissions of $2.5 per lot, per side.

 

  • Professional Account

With the Professional Account, forex traders can register for Blackwell Global’s professional trading services. However, to become a professional trader, two of the following three qualifying criteria must be met:

  • forex traders must have more than €500k in liquid assets, excluding the house of residence of the trader, if they own it.
  • Relevant experience in financial services.
  • The trader must have executed at least ten trades of significant size in each of the previous four quarters.

Professional forex traders are offered some of the following trading conditions:

  • Higher leverage ratios.
  • A personal account manager.
  • The best possible trade execution.
  • Access to a variety of tradable financial instruments.

How to Withdraw Money from Blackwell Global?

To withdraw money from Blackwell Global, the following should be done:

  • Forex traders must log in to their Blackwell Global trading account and access the option to withdraw.

Forex traders must select their method of withdrawal, currency, and the amount they wish to withdraw and submit their request.

  • Withdrawal requests are processed during operating hours and during weekdays, any requests received outside of working hours, over weekends, or on public holidays, will only be processed on the next business day.

How many days do deposits take with Blackwell Global?

Deposits may reflect instantaneously or can take up to a few business days when using bank wire transfer. 

What are the costs and fees with Blackwell Global?

There are four types of costs with Blackwell Global namely spreads, commissions, swap fees, and margin requirements. 

The spread is the difference between the bid/ask price, indicated in pips while commissions are a flat fee that is charged either per lot or per side. The swap is credited or debited depending on the position that the trader holds on their overnight position. The margin requirement is what the broker requires at the start of the trade as collateral.

To access the swap rates that Blackwell Global charges, forex traders must have access to a Blackwell Global trading account and either MetaTrader 4 (FCA) or MetaTrader 5 (SCB) as these fees are not indicated on the official website.

What are the Trading Fees with Blackwell Global?

The Forex Trading Fees with Blackwell Global are below. 

The Standard Account:

  1. Spreads: from 1.2 pips
  2. Commissions: None

The ECN Account:

  1. Spreads: from 0.1 pips.
  2. Commissions: $9 per lot, per side.

The Premium Account:

  1. Spreads: floating from 0.0 pips.
  2. Commissions: None
  3. Margin requirement: 80%

The Turbo Account:

  1. Spreads: from 0.0 pips.
  2. Commissions: from $2.5 per lot, per side.
  3. Margin requirement: 80%

What is the minimum deposit in Blackwell Global?

According to the official Blackwell Global website, there is no minimum deposit requirement when registering a Standard, Premium, or Turbo Account, however, the ECN Account has a minimum deposit requirement of $500.

What are the contract specifications in Blackwell Global?

Feature Blackwell Global
Forex Trading Yes
CFDs 70+
Forex Pairs 48
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 16
Social Trading  No

Does Blackwell Global have promotional offers?

No, Blackwell Global does not have promotional offers.

The official Blackwell Global site does not indicate any past, present, or future promotional offers.

Does Blackwell Global have a welcome bonus?

No, Blackwell Global does not have a welcome bonus.

The welcome bonus is offered to new forex traders who register a new account. The Blackwell Global official website does not indicate any past or future bonuses.

Does Blackwell Global have a deposit bonus?

No, Blackwell Global does not have a deposit bonus.

The deposit bonus is offered to forex traders as trading credit when they make the minimum deposit. The deposit bonus is offered as trading credit that can be used towards trading activities. The Blackwell Global official website does not indicate any past or future bonuses.

Is there a commission-free trade bonus in Blackwell Global?

No, Blackwell Global does not offer forex traders a commission-free trade bonus.  

Blackwell Global’s official website does not indicate any past, current, or future bonuses.

Is there a VIP bonus in Blackwell Global?

No, Blackwell Global does not offer forex traders a VIP bonus.

Blackwell Global’s official website does not mention past, current, or future bonuses offered to forex traders.

Can you start trading with no money at Blackwell Global?

Yes, you can start trading with no money at Blackwell Global when you register a Standard, Premium, or Turbo Account. However, forex traders are advised to make a minimum deposit of $500 to ensure that they can cover the margin requirements at the beginning of trades.

How does leverage work with Blackwell Global?

Blackwell Global offers leverage to forex traders, allowing them to open larger positions despite their initial deposits. This maximizes the gains that forex traders can have but it also exposes forex traders to more risks.

forex traders can adjust their leverage ratios in their trading account under preferences/settings.

Where are the headquarters of Blackwell Global?

Blackwell Global is headquartered in London, United Kingdom.

Who is Blackwell Global’s CEO?

The CEO of Blackwell Global is Patrick Latchford who has held the position since January 2015. Patrick Latchford graduated from Cranfield School of Management in 2001 with his MBA.

What are the social media accounts of Blackwell Global?

Forex traders can follow Blackwell Global on the following social media accounts:

  • Facebook
  • Twitter
  • LinkedIn

How many employees do work for Blackwell Global?

There is no official source stating how many employees work for Blackwell Global. According to the size of the organization, it can be assumed that there are between 100 and 500 employees working for Blackwell Global.

What are the opinions about Blackwell Global?

Blackwell Global has a good reputation as a regulated, reputable, and trusted online trading broker that offers transparent fees and great service to a variety of forex traders from all over the world.

What are Blackwell Global Contests?

Blackwell Global does not run any contests.

The official Blackwell Global website does not mention any contests and there is no indication of whether contests may be offered in the future.

Does Blackwell Global have online support?

Yes, Blackwell Global offers 24/5 online support via live chat that can be accessed on the official website. Online support is prompt and helpful in solving general queries.

Does Blackwell Global offer demo accounts for Forex trading?

Yes, Blackwell Global offers a free demo account for all new forex traders. The demo account can be opened with the following steps:

  1. Forex traders can visit the Blackwell Global website and select “Demo Account” from the “Accounts” section.
  2. Forex traders can select the type of account they wish to demo and their currency.
  3. Forex traders can complete the necessary fields by providing their first and last name, email address, mobile number, country of residence, and the section relating to how the trader heard about the broker.
  4. Once completed, forex traders can submit their form and they will be redirected to a new page requiring the provision of a verification code sent to the email address of the trader provider.
  5. Forex traders can click on the link, and their email will have been verified. forex traders will receive their account credentials, log into their client portal, and download the MetaTrader 4 trading platform on desktop or mobile. Alternatively, forex traders can access the WebTrader.

Does Blackwell Global have a mobile app for Forex trading?

Yes, Blackwell Global offers a mobile app for forex trading via MetaTrader 4 (FCA) and MetaTrader 5 (SCB). Even though Blackwell Global does not have its own proprietary trading app, MetaTrader 4 and 5 offers advanced trading capabilities in the palm of the trader’s hand.

MetaTrader ensures that there is the seamless integration of the trading account with the mobile trading applications and all other versions of the trading platforms. forex traders also have access to charting capabilities, fundamental and technical analysis, and more.

Does Blackwell Global publish an economic calendar?

Blackwell Global does not offer its own economic calendar but offers access to the economic calendar of MetaTrader 4 and MetaTrader 5.

An economic calendar is an important trading tool that offers forex traders access to a variety of economic releases and announcements that may affect the markets, their trading, and several other factors.

What is the communication information of Blackwell Global?

Blackwell Global one main telephone number and two main business addresses.

Blackwell Global can be contacted telephonically as follows:

United Kingdom: +44 20 3769 9881

Blackwell Global’s business addresses are as follows:

United Kingdom: 107 Cheapside, London, EC2V 6DN, United Kingdom.

Bahamas: 201 Church Street, Sandyport, Nassau, NP, The Bahamas.