Blackwell Global Review and Tutorial 2020
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|Blackwell Global Facts & Figures|
Blackwell Global offers seamless online trading in forex, stocks & cryptos.
• Best Forex Broker UK 2019 - Acquisition International
• Best Forex Broker UK 2019 - Global Business Outlook
• Most Trusted Financial Service Provider 2019 - Wealth & Finance
• Best Cryptocurrency Trading Provider UK 2019 - International Business Magazine
|Instruments||Forex, CFDs, indices, commodities, cryptocurrencies|
|Min. Trade||0.01 lots|
|Regulated By||FCA, CySEC|
|Flexible CFDs are available across markets.|
Trade on the FX market with 1:30 leverage.
Trade crypto CFDs from 1 unit.
|Coins||BTC, ETH, LTC, DSH, NEO, XMR, ZEC, EDO, EOS, ETP, IOT, OMG, SAN, XRP, TRX, QTM|
Blackwell Global Group is an award-winning broker providing popular tradable assets including forex, precious metals, and CFDs. The broker offers the MT4 trading platform as well as additional services for investment professionals, which we’ll cover in this review. Find out if you should login and trade with Blackwell Global today.
Blackwell Global Details
Blackwell Global Investments (UK) Limited was founded in 2010 in the United Kingdom. Over the last decade, the London-based broker has gained a strong international presence in over 90 countries, including Singapore, China, Thailand, and the Bahamas.
Blackwell Global holds a Financial Conduct Authority (FCA) license in the UK and is also licensed by the Cyprus Securities and Exchange Commission (CySEC). The broker has expanded around the world with 9 additional offices across Cyprus, Cambodia, and New Zealand.
MetaTrader 4 Platform
MT4 is a user-friendly downloadable trading platform, suitable for all traders and available in over 20 languages.
Once you’re through the login page, the platform offers an advanced charting package containing over 30 technical analysis indicators. Charts are fully configurable and customisable, meaning you can view multiple graphs within one display.
Uses also get access to trading robots, back-testing within the historical database, hedging functions, plus automatic updates and alerts.
The broker provides useful instructions on how to download the MT4 platform onto Windows or Mac computers. There are also some comprehensive user guides available to help you get started.
Blackwell Global offers popular trading assets, including:
- Forex – 47 currency pairs including EUR/USD and GBP/EUR
- Indices – 12 CFD indices including FTSE 100 and NASDAQ
- Cryptocurrencies – 16 coins including Bitcoin and Ripple
- Commodities – Including oils, gold, and silver
Spreads & Commission
Blackwell Global offers ECN spreads starting from 0.7 pips for EUR/USD and standard spreads around 1.8 pips for the same pair. For major indices such as the FTSE 100, ECN spreads are 1.4 pips and standard spreads are 2 pips.
There are no commissions charged with the standard account. Commissions in the ECN account are charged at $4.50 per lot each way.
There is an inactivity fee of $25 per month after 6 months of account dormancy. However, the broker is happy to waive these fees if you discuss your break from trading with them beforehand. Daily financing costs (swaps) also apply to positions rolled over into the next day.
Retail clients can leverage up to 1:30 at Blackwell Global and professional clients can apply for higher leverage, subject to approval. Leverage can increase the potential of high returns but it can also act against you during unfavourable market moves.
Users can stream live forex quotes to mobile or tablet devices with the MT4 mobile app, available in 10 languages.
Traders can stay on top of the markets with historical and real-time trading data, as well as monitor their open positions, pending orders, and more. The app also provides access to most of the essential technical indicators available on the desktop platform.
You can find a useful mobile set-up guide on the website for both iPhone/iPad and Android users.
Blackwell Global provides a decent range of funding methods in USD, EUR, GBP, and CHF, including bank transfers, credit/debit cards, and e-wallets. The minimum deposit requirement is $250.
Bank charges may apply if you’re funding via bank transfer and processing times take up to 5 days for international bank transfers. All other methods are processed instantly and are fee-free.
Blackwell Global offers a free 30-day demo account which offers full trading accessibility and a real-time data stream.
Demo accounts replicate the live trading environment and allow you to practice trading skills without risking real capital. Virtual funds are set at 10,000 in the chosen currency, though you can request more. Once you’re ready to trade, you can easily upgrade to a live account.
Blackwell Global Bonuses
Deals and bonuses are not available at Blackwell Global due to FCA regulations. If any are made available in the future, these will be updated on the broker’s website.
Blackwell Global Investments (UK) Ltd is authorised and regulated by the Financial Conduct Authority (FCA) with FSRN 687576, as well as the Cyprus Securities and Exchange Commission (CySEC). Blackwell Global Hong Kong also holds an asset management license with the Securities and Futures Commission (SFC).
Such regulations require the broker to meet strict requirements including providing annual reports to external auditors. The broker also ensures that company funds and client funds are held in separate accounts with respectable banks such as Barclays. Funds are protected by the Financial Services Compensation Scheme (FSCS) which insures up to £85,000 per client. In addition, negative balance protection is also provided to retail clients. Should the broker behave inappropriately, it may well find itself under investigation.
Additional resources offered at Blackwell Global include educational guides, e-books, and training articles on forex, MT4 indicators, and technical analysis. You can also sign up for free webinars through the Trading Bootcamp, or follow the latest market news and analysis in the research centre.
Other additional tools include the MT4 Accelerator package (containing platform integration tools), Trading Diary (which analyses psychological trading habits), a correlation matrix, plus an economic calendar to keep track of major events.
At Blackwell Global, you can choose between a Standard Account, an ECN Account, a Pro Account, or an Islamic Account.
The minimum deposit requirement for the Standard and ECN accounts is $250, which isn’t the lowest starting deposit compared to other brokers. Nonetheless, you can access low spreads in the ECN account or enjoy commission-free trading in the Standard account. The minimum trade size is 0.01 lots and all available instruments are offered in both accounts.
Professional traders who meet the requirements can access higher leverage, a personal account manager, and superior execution where available.
Islamic (swap-free) accounts are available upon request.
We found several advantages of trading with Blackwell Global in this review:
- MT4 Accelerator & Trading Diary
- Multiple regulated entities
- Commission-free trading
- ECN account
Limitations of choosing this broker include:
- $250 minimum deposit
- No choice of platforms
- US clients not allowed
- Shares not available
The MT4 server has specific asset trading sessions, which you can access once you sign in to the platform. Commodities trading is available 23 hours a day, 5 days a week. Cryptocurrencies are available 24 hours a day, 5 days a week. Server times are provided in GMT +2 (+3 DST).
Multilingual support is provided in over 10 languages, including English, Arabic, Chinese, French, and Korean. You can contact customer support by filling in the enquiry form or calling +44 20 3769 9881. Alternatively, there is a live chat service that was helpful and responsive when tested.
Blackwell Global is headquartered at 107 Cheapside, London, EC2V 6DN, United Kingdom.
Blackwell Global uses robust security systems on both the MT4 platform and the Infinitum back-office platform, including encryption technology to safeguard data exchange and secure login procedures. Transactions are also managed internally via the client portal.
Blackwell Global Verdict
Blackwell Global is an FCA-regulated broker offering several accounts for retail and professional clients. Traders enjoy several benefits including ECN and demo accounts, though the $250 minimum deposit may be a little high for some beginners. It might also be nice to see stocks and shares trading added to the available assets.
Blackwell Global accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Blackwell Global from United States, New Zealand, Belgium.
Where is Blackwell Global based?
Blackwell Global is headquartered in London but has additional offices in Hong Kong, New Zealand, Cambodia, and Cyprus.
How do I sign up for a live Blackwell Global account?
You can sign up for an account by submitting your personal details via the online registration form and verifying your login using a verification code. You will then need to submit your ID documents prior to account approval.
What leverage is available at Blackwell Global?
You can leverage up to 1:30 in the Standard and ECN accounts. Professional traders can apply for higher leverage.
How much capital do I need to begin trading?
The broker requires a minimum initial deposit of $250 for both the Standard and ECN accounts.
Does Blackwell Global offer a demo account?
Yes, the broker provides a 30-day free trial account that contains 10,000 in default virtual funds.
|Blackwell Global offers seamless online trading in forex, stocks & cryptos.|