Blackstone500 claims to be an international trading online corporation, offering 24-hour access to a wide range of trading instruments including currencies trading in Forex, commodities, shares, indices, and Cryptocurrencies. The broker offers trading through the Activ8 – a popular trading platform, with the leverage up to 1:30 and risk management tools. Despite all these benefits some information on the website doesn’t actually add up because of multiple discrepancies we are going to list. 

Is Blackstone500 a scam or legit broker?

No, it is not safe to trade with Blackstone500 as it is not regulated. The broker doesn’t disclose the company behind the brand’s name. It claims to have headquarters in Zürich, Switzerland, but at the same time provides the UK contact number. In addition, according to the terms and conditions, Blackstone500 operates under the Estonian Governing laws. It is not clear which jurisdiction oversees broker’s activities and after checking the registers of the major EU regulator we can say – none of them, as we couldn’t find any mentions of this broker. 

Moreover, the UK’s Financial Conduct Authority has warned against Blackstone500:

“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”

The pages and official sources of the international regulators’ list alert shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities and more. As Blackstone500 got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authority.

We advise all investors and traders to avoid Blackstone500 and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.

You can also share your trading experience with Blackstone500 by commenting on this review.

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13 responses to “Blackstone500”

  1. Friday 31st July, I emailed my trader Dean Witter from Blackstone500 and advised I wanted to close my account as I no longer wanted to trade with them. I also submitted a withdrawal request to withdraw all my funds. Over the weekend he opens contracts on my account without my knowledge or authorisation. He then said I cannot close my account with these contracts open. As soon as he opens the trades it wipes out all the funds in my account. I am a small investor, do not trust them with your money.

  2. Hello All,

    Today is August 26th 2020 and I have just got off the phone with the Trader and the same issue as with Gary. Three weeks ago August 3rd, I sent a note to the trader Leo Novak to say I wanted to close the account. I made a request to withdraw my investment and not the small profit, today I was threatened that if I do not send another 1,300 euros before they can release my funds and this had to be done in 3 business days or they will close down the account and I will not receive anything. A trade was made without my consent and this is now said to be the reason I must give him this 1,300 euros.

    Requests from myself to continue this with another supervisor has been refused.

    DO NOT ENGE WITH THESE GUYS

  3. This broker messed me around with my identification documents. It is very difficult to get account verification.I think it is a way fro them to stole my money on my account. I can’t do anything about it, it is stressing too much.

  4. This broker complicate things to keep your funds from withdrawals. I really had trouble getting my money back. I never have any other choice but to forget it. Do not deal with this broker company.

  5. I just got off the phone from their broker, Leo Novak. I opened an account with them yesterday and found out that they were not licensed. I spoke to their (legal) finance department Michael Porter and they really complicate things. They won’t allow you withdraw YOUR money.That’s $250 hard-earned money. They even call me names and say I am a Nigerian scammer and that they don’t want to deal with my “shit”!In the first place, that was MY money.How can I be a scammer? Mr. Novak even threatened me to seek legal assistance to hunt me even mentioned FBI. It’s so sad that I fell into a trap. It’s not fun to feel that you tried to grab the chance to earn extra buck from your savings but ended up being scammed by this trading company. $250 will go a long way here in the Philippines. Sadly, it’s gone. Don’t be fooled!

    IT’S A SCAM!!

  6. I think these people are international syndicate trying to steal money from people. How can they do that without being caught?

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