Score
BlackStone Futures
South Africa|5-10 years| https://blackstonefutures.co.za
Website
Rating Index
Influence
Influence
D
Influence index NO.1
South Africa 2.75Contact
Licenses
Licensed Institution：Trade Nation Financial (Pty) Ltd
License No.：49846
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
South Africa
Account Information
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Company Summary
General Information & Regulation
Founded in 2009, Blackstone Futures South Africa is an STP (Straight Through Processing) broker that offers users to buy and sell forex and CFDs through the popular MetaTrader4 or their own proprietary trading platform called CloudTrade. Blackstone Futures is located at 11 Cradock Avenue, Rosebank, Johannesburg, 2196, South Africa, and has an additional office at 30 Crown Place, London, EC2A 4ES, UK. Blackstone Futures (Pty) LTD is a representative firm of Trade Nation Financial (Pty) Limited, which is fully authorized and regulated in South Africa by the FSCA.
Markets Instruments
Blackstone Futures offers a selection of 34 currency pairs including the trading of popular and exotic coins including USD/ZAR, Shares, a range of stock indices futures and rolling cash, energy, commodity metals such as gold, silver, and copper.
Minimum Deposit
Blackstone Futures maintains different minimum deposit requirement for each account type:
• ZAR account – 1000 ZAR
• USD account – 100 USD
Leverage
Even though there are other SA-regulated brokers like InstaForex that allow trading with higher leverage of 1000:1, Blackstone Futures is still among the highest leverage brokers in South Africa with a leverage of up to 400:1.
Spreads & Commissions
Blackstone Futures does not charge any fees for daily rolling cash contracts and the spreads are below the average in the industry (starts from 0.6 pips). Further, you also need to take into consideration the charges of an overnight (margin) fee for positions held open during the overnight and a fixed spread of 1% for South Africa shares.
Trading platform Available
When it comes to trading platforms, Blackstone Futures offers its users to trade on two trading platforms – the MetaTrader4 or its proprietary platform CloudTrade platform. Both platforms have their merits, which makes it a difficult decision to choose. It would be fair to say that while the MT4 is clearly a better choice for intermediate and experienced investors, the CloudTrade is more suited for newbie investors. That said, the good thing is that you can use both platforms in order to get the most of your trading experience.
Deposit& Withdrawal
Blackstone Futures makes things fairly simple in terms of the payment methods clients can use to deposit and withdraw funds. The South African broker offers these payment options:
• Ozow Secure Payments
• Bank transfer
• EFT – Electronic Funds Transfer
• Credit and debit cards – Visa and Mastercard
• Skrill
• Neteller
Customer Support
First, Blackstone Futures has live chat support and submitting a ticket form. Additionally, Blackstone Futures offers phone support, email support, WhatsApp support, and an FAQ section. Blackstone Futures is also very active on social media with accounts on YouTube, Twitter, Facebook, Instagram, and Telegram.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
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