BlackWell Global Review – Do we recommend?

The best way to find a reliable and professional broker is to explore the market as much as possible and perform the necessary research. Our BlackWell Global review is the perfect thing for your needs since we took the time to carry out very meticulous research on this particular company. That is why we can provide you with only facts and the most important data about BlackWell Global. This will enable you to make an informed decision before you put your pen to paper. Not all brokers in the world are honest and trustworthy, and that is why learning a thing or two about them can be of great help in the long run.

BlackWell Global – About the company

STP brokers provide traders with direct market access and immediate execution of trades, and BlackWell Global belongs to this category of trading organizations. Since BSC issued a license to this company last year, it seems that there is no BlackWell Global scam going on, but you can never be too careful in the Forex world. The company is owned by a larger corporation called BlackWell Global Investments Ltd, and they are both registered in England and Wales. However, one of the exaggerated claims on the website of this broker says that they have a presence in more than 90 countries. Since the brokers trading, money management, and investment services their website is messy and it takes some time to find relevant information about services.

The Safety and Security of BlackWell Global

The broker holds a license from the Bahamas Securities and Commission or BSC and the UK’s Financial Conduct Authority or FCA. The presence of any license is already a great plus for any broker. Since BlackWell Global holds two licenses from reputable regulators the broker is a legit entity. The chances of getting scammed are very low and the only thing remaining is to research their trading conditions.

BlackWell Global provides negative balance protection to all retail clients, meaning there is no chance of getting into debt if a trader blows up the account. Since the broker is overseen by FCA the segregated bank accounts are also a must. The broker can not touch client funds and provides a relevant level of safety to its clients.

BlackWell Global Fees and Spreads

After twelve months of inactivity, the company reserves the right to charge the trading account 25 units of base currency per month. This is a very reasonable amount and reasonable time for any trader to become active again.

The highest spread starts from 0.8 pips for the standard accounts and is below the industry average levels. But the broker also offers lower spread accounts from 0 pips for a commission of 4 USD per lot per side. Now, this commission is slightly above the industry accepted average of 7 USD round turn. In the broker’s favor, there is a trading account with an even lower commission of 2.5 USD per side per lot.

Overall, BlackWell Globals’s fees and spreads are within and below the industry average and the broker seems to offer very competitive terms.

Accounts, Deposits, and Withdrawals

BlackWell Global offers a diverse range of live, Islamic, and demo accounts. The demo option will bring $50.000 of “virtual” funds your way, and the Live accounts are classified into several categories, including Individual, Corporate, Joint, and Sub-account. Also, the leverage will vary in agreement with your selection of accounts, and it fluctuates between 1:200 to 1:400. In the UK, traders will only be eligible for 1:30 leverage as of regulations, but professionals can get 1:400. For Bahamas jurisdiction the leverage is 1:200 which is a very reasonable number. In general, BlackWell Global seems very established and serious broker who takes its business seriously and offers well-refined services and terms.

ECN account comes with 0.0 pips spreads and charges 4 USD per side per lot. Minimum deposit starts from 0 USD offering superior flexibility to traders, especially beginners. Standard comes with 0.8 pips spreads and zero commissions. Premium has 0.2 pips and Turbo comes with 0 pips spreads and 2.5 USD commission. The Turbo account with 0 spreads and 2.5 USD trading commission seems the best trading account for scalpers as it offers ultra-low spreads and super-low commissions. There are very few brokers out there who can compete with BaclWell’s Turbo account.

Banking methods

The security and efficiency of payment methods are integral to any site that wants to be successful in the Forex market. BlackWell Global offers diverse methods for funding including wire transfers, bank cards, and Skrill and Neteller. This broker is offering several of the most popular banking methods, which is very good as the broker offers a very attractive trading environment. Neteller and Skrill are the fastest ways of gettings started or withdrawing funds from your account.

Trading Assets and Features of BlackWell Global

We established that this broker offers very attractive trading conditions and is very well-regulated, what about the actual trading instruments? BlackWell Global provides access to 50+ currency pairs on their trading platform. There are more than 10 indices pairs, oil, and precious metals. All trading is commission-less which is super competitive. Unfortunately, there are no stock CFDs or cryptos offered as of now. But for Forex traders the broker offers more than enough instruments for trading.

Trading platform

Most BlackWell Global reviews will focus on the software of their website, simply because the trading portal is an integral element of any modern trading site. When it comes to BlackWell Global, they are using a popular MetaTrader 5 software package, they upgraded it recently from the MetaTrader 4. MT5 is an advanced trading platform with a customizable interface and inbuilt indicators. The platform is available for all devices be it desktop or mobile, providing the ability to analyze and trade on the go.

BlackWell Global Customer support

All forms of customer support are available and it is comfortable and intuitive to connect with the broker representatives through various forms. Live chat is by far the most reliable form of support as it offers the ability to connect with the broker in a matter of seconds. other forms of support include an online form, email support, and a hotline. It is also possible to request a callback from the broker which may be convenient sometimes. All in all, BlackWell Global shows positive improvements in customer support as well.

Education provided by BlackWell Global

BlackWell Global’s educational resources are very useful and very well sorted. Everyone can find something useful from beginner guides to backtesting and trading strategies. This is what we would expect from a well-established broker to be offering. The fact the broker also included risk management to help traders control their risks can only be considered a positive approach. Educational materials also explain the basics of digital currencies. Advanced concepts like Elliot Waves will add to the education of experienced traders. Webinars, tutorials, and MT5 indicator guides are also provided. Video tutorials will solidify all the learned materials which is great. all in all, we are impressed by the broker’s offered value in the educational section.

This trend continues for research tools as well. BlackWell Global provides MT5 indicators, trading diaries, economic calendars, MT5 accelerators, and many more.

Should you consider BlackWell Global? The final word

We tried to cover everything that could interest our readers, and our BlackWell Global FX broker review presented you with the most relevant information about this enterprise. The broker is well regulated, offers ultra-low spreads and fees, initial deposit requirements are low, and there are plenty of educational materials and trading tools, and all this is supported by the multilingual live chat. All in all, this broker seems very robust and advisable for everyone.

We recommend BlackWell Global as a robust competitor to other well-established brokers.