In the world of trading and financial markets, it is very important to choose an appropriate brokerage firm that not only suits your trading needs but provide a safe trading environment. For this reason, we assist in choices by reviewing brokers, providing detailed information and support selection, and here is Blackwell Review among others.
What is Blackwell?
Blackwell Global is an international financial service company with established offices in 8 destinations with its headquarters in the UK and presence in over 90 countries. Back then, the company started its history with New Zealand office launched in 2010 and respective regulation by FSP, and then further expanded its entity to Cyprus with authorization of CySEC and acquire of the UK FCA license. Thus broker officially launched its trading operation for Europe, South America and Middle East markets.
Blackwell Global is amulti-award trading provider that offers a range of tools for all levels of experience and availability to trade Forex, 16 Cryptos, Indices and Commodities. Actually, for the years of their operation Blackwell succeed to obtain 12 international awards for their excellence in the financial sector.
The education and client support also provided in different ways that designed to suit the need of every trader, while general learning materials also enhanced with monthly webinars, expert insights, Crypto education Zone, free guides on MT4 Indicators together with advanced psychology tools.
Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:
Blackwell Global due to its offices in specified financial locations, the company delivers strictly legal financial services as respectively regulated by the local authorities in each jurisdiction it run entity. Therefore, the current main branch located in the UK hold licenses of the FCA (UK), previously was registered also in Cyprus by CySEC and FSP (New Zealand). However, with last updates broker withdraw Cyprus license and remaining to operate European clients through UK branch.
Thus, according to the regulators and as per the sharp set of requirements, Blackwell maintains its services and delivers performance according to the strict standards, so you can stay rest assured about the company reliability.
Company funds and client funds are fully segregated into two different bank accounts, while Blackwell Global only holds client funds with globally recognized banks such as Barclays. Moreover, along with the money protection, the broker applies negative balance protection that ensures the clients’ safety not to exceed loses more than the available balance.
Blackwell Trading Platforms
The broker provides trading through the MetaTrader4 with an advanced range of technical and fundamental tools for popular and minor instruments. MT4 is specifically designed to provide an ultimate trading experience with automatic capabilities or is suitable for trading strategy with option to deploy own technical indicators or EAs. The advanced charting tools are among leading in the industry and together with Blackwell Global comes fully equipped with free research materials, Free MT4 indicatorsand a range of offered add-ons. Moreover, for flexible mobile trading wherever the trader is, the company developed a mobile application which features almost the same trading capabilities but on the go.
As an advance, the broker offers setting up VPS which is known in the industry for its powerful capabilities to perform seamless trading 24/7 with no interruptions. The free use with the range of three types of VPS available to those traders who maintain specified terms with a deposit of 1,000$ and trading 10 lots for Bronze, 15 lots for Silver and 20 lots for the Gold VPS package per month, otherwise additional costs will apply.
Overall, the software delivers specifically designed environment that also allows the use of a sophisticated system – Infinitum that reduces administrative workload. The back-office system provides access to individual profile and trading history with personalized experience and availability to review all data in real-time.
Blackwell Trading Costs
So when it went to a choice of account type, you will be able to choose between a Standard offering for retail or professional traders, and the option of ECN account, along with the availability of Islamic account designed for Muslim traders.
Each of the account types bringing various benefits, alike professionals and higher deposit accounts which is ECN, will be able to enjoy numerous advantages alike lower costs, coverage of deposit fees and even a cashback programs. And of course worth to mention truly expanded trading instrument offering, which also features a great option for Cryptocurrency trading with no commission and 16 cryptos in a portfolio.
Also, Standard account trading costs are built into Blackwell spread, a variable tight spread see comparison below, while typical ECN account spread for EUR/USD is 0.3 pips along with a 9$ round commission per trade. However, ECN account needs higher balance maintenance and actually is a good option for professional or active traders, since requiring an efficient level of knowledge.
Blackwell Standard Spread
Crude Oil WTI
Also, always consider rollover or overnight fee as a cost, which is charged on the opened positions overnight, considered as longer than day positions. As well you may compare fees to another popular broker ACY Capital.
Leverage is a powerful tool which allows you to hold a larger position than the initial cash deposit. You will also have the flexibility to choose particular leverage, while different leverage levels apply to different account types and your proficiency. Along with that, leverage depending on the regulatory requirement each jurisdiction and regulation requires.
Therefore, New Zealand and professional traders may enjoy high leverage up to 1:400, while trading under European entity with UK or Cyprus regulations retail traders may use maximum 1:30 for Forex instruments, 1:5 for Cryptocurrencies and 1:10 for Commodities.
Blackwell Payment Methods
The deposit and withdrawal methods covering the most used options which are also highly secure and convenient. The supported Blackwell payment providers include Neteller, Skrill, bitcoin payment and transfers via Visa, Mastercard as well as Bank Transfer.
As for the minimum deposit amount which will allow you to start live trading, the standard account requires maintenance of 500$.
While typically the broker covers transfer charges, the Bank Transfer option may incur additional fees charged by the bank. However, Deposit Bank Fees will be covered up to $100 on the basis of a SWIFT copy. In addition, the traders of a Professional level and higher will enjoy those fees covered by Blackwell too.
Conclusion on Blackwell
Overall, Blackwell Global review concludes that the broker delivers reliable and convenient trading option for the global traders. The diversified portfolio of the trading instruments, the technology they provide while all enhanced by the high level of customer support it all brings a convenient trading solution. And of course, its numerous regulation from the world recognized authorities brings a clear state of mind that you deal with a reliable broker. Overall, traders from the beginners to the professionals will find a suitable trading condition in the Blackwell Global which is a good option to consider.
Yet, we would be glad to know your personal opinion about Blackwell and how you trade with them, you may share your experience in the comment area below, or ask us for some additional information if required.
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