Blackwell Global Review – Who Is BlackwellGlobal.com Broker?
Blackwell Global was founded in 2010, based in the UK. This broker offers a diverse platform with over 100 tradable assets, has branches in 8 destinations, and is available in over 100 countries worldwide.
The platform is suitable for both upper beginners and more experienced traders and provides them with the top forex trading platforms. Our Blackwell Global Review will cover all you need to know about this forex trader as well as what trading conditions it has to offer.
Blackwell Global Pros and Cons
The appropriate regulatory status of a brokerage is the most important aspect and represents the biggest advantage over its unregulated counterparts.
One of the advantages Blackwell Global has is its fully regulated and authorized status by the FCA and SCB, which is as safe as it can get when discussing an online broker’s regulatory status, so definitely a plus.
Although Blackwell Global offers a great trading platform, MetaTrader, to its clients, absolute beginners will find it a bit challenging to learn the ropes as the educational aspect is quite limiting and the MetaTrader 5 has an overwhelmingly wide variety of features.
On the other hand, limited instrument options and a minimum deposit of $500 could be this broker’s unattractive features.
Headquarters | London, UK |
Regulation | FCA and SCB |
Platforms | MT5 |
Instruments | Forex, Indices, Crypto, Commodities |
Demo Account | Yes |
Minimum Deposit | $500 |
EUR/USD Spread | From 0.7 to 1.8 pips |
Base Currencies | EUR, USD, GBP |
Education | Yes |
Customer Support | 24/5 |
Regulation and Security Blackwell Global
Blackwell Global obtained the FCA license in 2016 and the SCB license in 2020 and was previously licensed by the FSP in New Zealand and CySEC in Cyprus.
However, this broker now operates under the FCA’s authorization and performs its brokerage activities through its branch in the UK.
The FCA, or the Financial Conduct Authority, is known to be one of the strictest regulatory bodies in Europe whose main goal is providing consumers’ protection and maintaining stability in the financial services industry.
With that being said, traders at Blackwell Global are provided with segregated accounts and negative balance protection, among other perks regulated brokerage must deliver.
Blackwell Global Account Types
This broker offers its clients a free 30-day Demo account risk-free, an Islamic account, as well as 4 account types:
- ECN account requires a minimum deposit of $500, floating spreads from 0.0 pips, a commission of $4.5/lot per side, and leverage up to 1:200.
- The standard account’s minimum deposit is $0, with no commission, with a floating spread from 0.8 pips and leverage up to 1:200.
- The Premium account also requires a minimum deposit of $500, just like the ECN account type, with no commission, with leverage going up to 1:100 and floating spreads from 0.2 pips.
- Turbo account, just like the Standard type, with $2.5/lot per side commission, has no minimum deposit amount, offers a floating spread from 0.0 pips and leverage up to 1:200.
Trading Software Overview
Blackwell Global provides its clients with some of the best trading platforms in the forex trading industry, MetaTrader4 (UK) and MetaTrader 5 (globally).
MT5 has everything its predecessor has and much more – the latest updates, live pricing features, hedging trades, EAs, and trading robots as well as live charting options.
Both MT4 and MT5 are available for both PC and Mac as well as Android and iOS devices, providing great flexibility and trading on the go.
Trading tools provided are Blackwell Client Portal, VPS, Economic Calendar, and MT5 indicators to ensure smooth trading.
MT4 and MT5 have been the industry standard for a good reason as they offer a wide variety of advanced trading options and additional features.
Blackwell Global Available Trading Instrument
Blackwell Global offers trading with 4 different trading instruments:
- Forex
- Indices
- Commodities
- Crypto (UK only)
Traders specifically based in the UK can trade with 16 cryptocurrencies such as Bitcoin, Ethereum, DASH, Monero, and more.
Additionally, all traders can trade with 50+ currency pairs, over 10 indices pairs, and commodities such as gold, silver, and oil.
Traders are promised competitive spreads and fast execution in order to get the best trading experience.
Deposits and Withdrawals Process
Accepted payment methods at Blackwell Global are:
- Bank transfer
- Credit/Debit cards
- Skrill
- Neteller
Blackwell Global’s trading costs are built either into the commission or spread and it doesn’t charge any depositing or withdrawal fees. However, deposits made weekly that are greater than 10,000 EUR will be charged a 2.45% processing fee and there’s a dormancy fee of $25/month after 6 months of inactivity.
This broker guarantees instant deposits, a simple withdrawal process, and segregated accounts.
Education and Resources
This UK-based trading brokerage offers a variety of educational tools and resources to its clients, with all being available directly on the website.
One can find articles about the trading instruments and platform used, tutorial videos on how to open an account, videos on how to use specific trading tools, and installation guides.
If interested in learning more, one can join webinars and read about how politics and certain events can affect the trading industry, commodities, and currencies and read about how predictions are made.
However, although the educational source is packed with learning materials, some are not suitable for absolute beginners, so some previous knowledge and experience are desired before jumping into trading with Blackwell Global.
Customer Service
Customer Service can be reached in case of need assistance by either calling their hotline, via the live chat option, filling out a form, or sending an email to [email protected]. One can also request a callback by choosing the time and date on the calendar.
Customer service representatives can offer assistance in five languages:
- English
- German
- Arabic
- Spanish
- Hungarian
Customer support agents can be reached 24h on weekdays.
Blackwell Global Overall Summary
Blackwell Global has been in the trading industry for over a decade and it prides itself in providing the most competitive types of accounts as well as competitive trading conditions with tight spreads and low commissions.
This UK-based brokerage is licensed and regulated by the FCA and as such, complies with strict regulations to ensure reliable, transparent, and fair trading for its clients. Traders are guaranteed segregated accounts, negative balance protection, and fast execution.
MetaTrader 5, the top trading platform has been the industry standard along with MetaTrader 4 and used by the top regulated forex brokers in the trading industry for years.
Besides the MT5 platform, traders can access tools such as VPS, Economic Calendar, and Blackwell Client Portal, over 60 popular tradable instruments with attractive spreads and leverage up to 1:200 offering everything an experienced trader could need.
For the ones that are still learning, Blackwell Global provides a variety of educational materials as well as webinars in order to learn and improve.
A demo account is available for 30 days and is meant for everyone to see what investing with this broker looks like, completely risk-free and free of charge.
In conclusion, Blackwell Global is a reliable forex broker and represents a great choice for both experienced traders and the ones who are interested in trading.
We always advise you to think twice before taking any risk while investing money though, and never invest more than you’re ready to give up.
FAQs About Interactive Brokers
How Do I Open a Blackwell Global Account?
In order to open a Blackwell Global account, click on “Start trading”, fill out the necessary information, verify your email address, and once the account is approved, a deposit can be made.
How Long Does a Blackwell Global Withdrawal Take?
Processing time depends on the payment method, card and e-wallet transactions are instant, while bank transfers need from 1 to 5 business days.
Does Blackwell Global Offer Demo Account?
Yes, a Demo account is available at Blackwell Global, it can be used for up to 30 days free of charge and with no obligations.
What Is the Minimum Deposit at Blackwell Global?
The minimum deposit is $500 for ECN and Premium accounts, while a $0 deposit is available for Standard and Turbo accounts.
Does Blackwell Global Have a Mobile Trading Application?
MetaTrader 5 app is available for use on both Android and iOS devices.