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The WikiFX Score of this broker is reduced because of too many complaints!

Blackcore

Mauritius|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://blackcorerb.com/

Website

Rating Index

Contact

+44 2080028711
compliance@blackcorerb.com
https://blackcorerb.com/
https://www.facebook.com/Blackcorerawb/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic information

Registered region
Mauritius
Operating period
5-10 years
Company Name
Blackcore Ltd
Abbreviation
Blackcore
Company employee
--
Customer Service Email Address
compliance@blackcorerb.com
Contact number
00442080028711
Company website
Keywords 4
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

FX4091669776

Peru

The association of the campaign of most wanted scammers in the EU and Latin Americans by the international police authorities (INTERPOL) and EUROPOL would be being investigated for fraud for not returning my money as soon as possible with the support of the ministry of justice of my country for the complaints and the file number and with the information of the Blackcore company as well as the evidence and information provided by former clients and a poorly educated company for withdrawals

Exposure

2021-01-23

FX3666862889

Peru

The consultant is a fraud. And he manipulated my account without my permission

Exposure

2020-12-12

FX4091669776

Peru

Don't invest here

Exposure

2020-11-18

FX4091669776

Peru

They asked me to deposit € 1000 and when I deposited they called me through a callcenter that supposedly from London England but is from Mexico and they have a mafia of companies with different names Broker unregulated and they persuade people through a callcenter in England but They are from Mexico, all the people are from Mexico, they even have offices there and it is a mafia network that extorts the world from people to invest and then they disappear with the money without withdrawing

Exposure

2020-11-15

FX4091669776

Peru

Fraud platform which lies to me

Exposure

2020-11-01

FX4091669776

Peru

You'll lose money for they manipulate the market.

Exposure

2020-10-31

FX4091669776

Peru

And you need spend a lot of time to wait for the withdrawal.

Exposure

2020-10-29

FX4091669776

Peru

Scam.

Exposure

2020-10-27

FX4091669776

Peru

Manipulate the market and high commissions.

Exposure

2020-10-25

FX4091669776

Peru

They told me to deposit, but they never called me again and I couldn't withdraw my deposit.

Exposure

2020-10-05

FX1267962675

Colombia

I Invested above 11,000 euro. But the money was gone when I want to withdraw...

Exposure

2020-09-15

NONG

South Africa

Best customer support by far. Every time I had an issue someone has been able to give me immediate support. Exactly what you are looking for when you need someone reliable for your finances.

Positive

2023-03-01

12
Account Information
Company Summary
Review

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Company Summary

Note: Blackcore's official website: https://blackcorerb.com/is currently inaccessible normally.

Blackcore Review Summary
Registered Country/RegionMauritius
RegulationUnregulated
Market Instruments450+ assets
Demo AccountNot mentioned
Leverage1:100
SpreadNot mentioned
Trading PlatformMT4
Minimum DepositNot mentioned
Customer SupportPhone, email, Twitter, Facebook, and Instagram

Blackcore Information

Blackcore, based in Mauritius, operates as an unregulated brokerage offering a range of live account types and over 450 trading assets. The platform supports deposits via bank transfer, MasterCard, or Visa. Despite its broad asset selection and multiple deposit options, there have been reports on various platforms about issues such as withdrawal difficulties, scams, and significant slippage.

Blackcore

Pros & Cons

ProsCons
Wide Range of AssetsUnregulated
Multiple Account TypesReports of Issue
MT4 Platform ProvidedInaccessible Website

Pros:

Wide Range of Assets: Blackcore offers a diverse selection of over 450 trading assets, which includes cryptocurrencies. This variety allows traders to diversify their portfolios and explore different investment opportunities.

Multiple Account Types: The platform provides five distinct live account options, catering to traders of various experience levels and trading preferences.

MT4 Platform Provided: Blackcore supports trading through the popular MT4 platform, known for its advanced charting tools, technical indicators, and automated trading capabilities.

Cons:

Unregulated Status: Blackcore operates as an unregulated brokerage in Mauritius. This lack of regulatory oversight may raise concerns among traders about investor protection and transparency compared to regulated brokers.

Reports of Issues: There have been reports on external platforms about issues such as withdrawal difficulties, which could potentially affect the trading experience and client trust.

Inaccessible Website: Some users have reported difficulties accessing Blackcores website. This could pose challenges in terms of account management, accessing information, and executing trades smoothly.

Is Blackcore Legit?

Blackcore currently operates without any valid regulatory oversight, meaning there is no government or financial authority monitoring their activities. This lack of regulation significantly elevates the risks involved in investing with them, as there are no guarantees for investor protection or security of funds.

No license

Additionally, the lack of accessibility to Blackcore's official website gives rise to doubts about the reliability and transparency of their trading platform. An inaccessible website can hinder potential clients from obtaining crucial information about the companys services, fees, and trading conditions, which is essential for making informed investment decisions. These issues—combined with the absence of regulatory oversight—contribute to an overall heightened risk profile for investors considering Blackcore.

Market Instruments

Blackcore promotes a c selection of over 450 assets available for trading, encompassing cryptocurrencies among other options, exclusively accessible to holders of Pro Black and Master accounts.

Account Types

Blackcore offers five live account types including Blackcore, namely Basic-Academy, Pro, Pro Black, Master and Family.

Basic-Academy Account: Tailored for novice traders or those learning the ropes. It typically includes basic features, educational resources, and lower trading costs.

Pro Account: Suitable for traders with some experience, offering advanced trading tools, tighter spreads, higher leverage, and additional analytical resources.

Pro Black Account: Designed for seasoned traders and professionals, providing premium trading conditions such as lower spreads, enhanced platforms, priority support, and exclusive market analysis.

Master Account: Geared towards advanced traders and high-volume investors, featuring the tightest spreads, highest leverage levels, dedicated account managers, and bespoke trading solutions.

Family Account: A unique offering allowing multiple account holders (such as family members or partners) to trade under a single consolidated account. It facilitates shared resources, fund transfers, and coordinated trading strategies.

Leverage

Blackcore offers a maximum leverage of 1:100 to its clients, which allows traders to potentially amplify their market exposure beyond their initial investment. Leverage essentially enables traders to control a larger position size with a smaller amount of capital, which can enhance potential profits during favorable market movements.

However, while leverage can magnify gains, it also significantly increases the level of risk. With a 1:100 leverage ratio, traders are exposed to the possibility of substantial losses if the market moves against their positions. This heightened risk arises because losses are calculated based on the total leveraged amount rather than just the initial capital invested.

Trading Platform

Blackcore offers its clients the popular MetaTrader 4 (MT4) trading platform, known for its robust features and user-friendly interface. MT4 is widely regarded in the financial industry for its comprehensive tools.

The platform provides advanced charting capabilities, allowing users to analyze market trends with a wide range of technical indicators and charting tools. This enables traders to make informed decisions based on detailed market data and historical price movements.

Furthermore, MT4 is compatible with various devices, including desktops, smartphones, and tablets, ensuring traders can access their accounts and monitor positions from anywhere with an internet connection. This flexibility enhances the platform's accessibility and convenience for active traders.

Deposits & Withdrawals

Clients can choose to deposit money via bank transfer, MasterCard, or Visa.

Bank transfers are a widely used method, allowing clients to directly transfer funds from their bank accounts to their trading accounts with Blackcore. This method is preferred by many due to its security and familiarity.

In addition to bank transfers, Blackcore accepts deposits via major credit cards such as MasterCard and Visa. This option provides convenience for clients who prefer to use their credit cards for financial transactions, offering a swift and straightforward way to fund their trading activities.

Negative Blackcore Reviews on WikiFX

On our website, you can see that reports of unable to withdraw, scams and severe slippage. Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative Blackcore Reviews on WikiFX

Customer Service

Customers can get in touch with customer service line using the information provided below:

Telephone: +44 2080028711 / +507 66468716

Email: compliance@blackcorerb.com, sales@blackcorerb.com

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, and Instagram.

Conclusion

Blackcore offers a wide range of trading assets and multiple account types. The flexibility in deposit methods and support for the MT4 platform further enhance its attractiveness. However, users should consider the risks associated with Blackcore being an unregulated brokerage, as well as reported issues such as withdrawal difficulties and an occasionally inaccessible website.

Frequently Asked Questions (FAQs)

Is Blackcore regulated by any financial authority?

No. It has been verified that this broker currently has no valid regulation.

How can I contact Blackcore?

You can contact via phone: +44 2080028711 / +507 66468716, or email: compliance@blackcorerb.com and sales@blackcorerb.com. You can also follow them on some social media: Twitter, Facebook, and Instagram.

What platform does Blackcore offer?

MT4.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Review 12

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