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Blackwell Global Review
Blackwell Global is a provider of forex trading services. Traders can access a wide range of products in a variety of markets, including currencies, indices, and commodities.
- Segregates client funds
- Established in 2010
- Regulated by Financial Conduct Authority
- Min. deposit from $500
- Not ASIC Regulated (See Alternatives)
- Limited range of instruments
A minimum deposit of $500 is required for a live account. Blackwell Global, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 687576). All Blackwell Global client funds are held in a segregated bank account and they work with tier-1 banks. Blackwell Global was established in 2010 and their head office is in London.
Before we get into the specifics of Blackwell Global’s spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are Blackwell Global’s spreads & fees?
Blackwell Global, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.
The commissions and minimum spreads shown here are taken from Blackwell Global’s website.
|Forex||Blackwell Global||City Index||XTB|
|EUR/USD(Average: 0.7 pips)||0 pips||0.7 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||0 pis||1.7 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||0 pips||0.6 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||0 pips||0.6 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||0 pips||2.3 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||0 pips||0.5 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||0 pips||2.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||0 pips||0.5 pips||0.1 pips|
The spreads are variable and are displayed for information purposes.
As you can see, Blackwell Global’s minimum EUR/USD spread is 0 pips, which is low when compared to the average EUR/USD spread of 0.70 pips.
The table below compares the costs of trading one lot of EUR/USD with Blackwell Global vs. similar brokers.
How much does Blackwell Global charge to trade 1 lot of EUR/USD?
You would likely spend $5.25 if you bought one standard lot of EUR/USD (100k units) with Blackwell Global at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.
|Spread from:||$ 0.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 9.00||$ 6.00||$ 2.00|
|$2 less||$7 less|
|VISIT BLACKWELL||VISIT IG||VISIT XTB|
Fees and quotes are displayed for information purposes and could change.
What can you trade with Blackwell Global?
Over 65 different instruments, including over 49 currency pairs, are available to trade at Blackwell Global. Below, we’ve summarized all of Blackwell Global’s several types of instruments, as well as the instruments given by IG and XTB for comparison.
|FX / Currencies||Blackwell||IG||XTB|
|# of forex pairs offered||49||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Blackwell Global||IG||XTB|
|# of commodities offered||4||34||21|
|Index & Stock CFDs||Blackwell Global||IG||XTB|
|# of stocks offered||0||8000||1606|
|SEE BLACKWELL’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S INSTRUMENTS|
What’s the Blackwell Global trading experience like?
1) Platforms and apps
The popular MT5 forex trading software is available from Blackwell Global. If you want MT4 check our MT4 broker comparison for a list of the best MT4 brokers. Blackwell Global also offers their INFINITUM platform, which is unique to them. Traders can trade on their preferred device thanks to a combination of downloadable programs for Mac and Windows.
They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.
Still not sure?
2) Executing Trades
You can trade as little as 0.01 Lot with Blackwell Global. Depending on the account you open, this may differ. Blackwell Global allows you to trade up to 100 lots per trade. You can expect tighter spreads and more transparency over the amount you pay to execute your trades because Blackwell Global offers STP execution.
Blackwell Global, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from the bigger number of trades and often has higher capital and minimum trading requirements.
Market makers usually offer a lower minimum deposit, fewer minimum trade requirements, and zero commission trading.
Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.
We have included a list of some of the most common funding options that Blackwell Global provides to its traders.
- Allows scalping
- Allows hedging
- Offers STP
- Guaranteed stop loss
- Demo account
- Micro account
- Mini account
- Standard account
- Managed account
- Islamic account
- Credit cards
- Bank Transfer
3) Client support
Blackwell Global offers support in many languages like English, Spanish, German and Portuguese.
4) What you’ll need to open an account with Blackwell Global
Because Blackwell Global is regulated by the Financial Conduct Authority, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:
- a color copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.
You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.
50% of retail investor accounts lose money when trading CFDs with this provider.