BlackStone Futures is a contract for differences (CBD) and Forex Trading Brokers.
It is situated in the South African locality known as Johannesburg. It was founded in
the year 2009 by Nick Sproule. He is the co-founder and operates the company as
the Chief Executive Officer (CEO).
The company offers its clients to trade for both international as well as local markets
and provides more opportunities and options. There are more than 750 financial
instruments available for the clients. They have a considerable reach to their
neighboring countries Lesotho, Swaziland, and Namibia. It is an STP trading
company. STP is short for Straight-Through processing. Liquidity in the market is
retained and there is no conflict of interest.
More information on BlackStone Futures
As stated above, it was founded in the year 2009. The maximum leverage offered to
the investors by the company is 1:400. BlackStone Futures have full-time support
and trading hours are open full day for 5 days a week. It does not operate during the
weekends. Base currencies include USD, ZAR, and GBP. The lowest value of the
PIP (percentage in points) given is 0.6 pips EAU/USD. The platforms on which you
can start trading or able to access are MetaTrader4 and WebTrader.
The modes Pros and cons while choosing the firm.
f payment accepted to deposit are Credit/Debit Card, Neteller, OZOW,
ATM, EFT, Bank Wire Transfer, Skrill.
Pros
• You can make same-day withdrawals
• Firm is regulated by the FSCA.
• Clients are protected against negative balance
• Customer service is much appreciated.
Cons
• You only get to create the standard and the raw account, Islamic
account is not included.
• Trading platform till MT4 available, advance MT5 is not included.
Education for forex traders.
If you are a beginner and looking forward to starting investing in the forex, then
BlackStone’s website is the right choice for you. They have multiple educational tools
and materials for young and enthusiastic traders. It is important to get acknowledged
with the basic concepts and terms.
They also post video tutorials on their YouTube Channel. Provision of classes,
writeups, Facebook webinars for beginners as well as for the professionals is
available. Once you create your live account on the website, you can access all the
material for free of cost. They have even used social media wisely.
Let’s see modes of payment in detail.
One best thing about this website are that it has multiple modes of payment options.
• EFT (Electronic Funds Transfer)
Electronic fund transfer refers to the money transfer through an online
portal. The deposited amount reflects in your account within minutes.
• OZOW transfer
This is an interbank fund transfer that is accessible to the accounts with
ZAR currency (ZAR is the local currency of South Africa).
• Debit or credit card
This is the widely accepted and most popular payment option throughout
the world. This also is mostly for ZAR accounts. But traders with USD
accounts can also request this option.
• ATM card
Traders in South Africa can invest money directly into the account of the
broker.
• Netteler and Skrill
Both Netteler and Skrill are kind of e-wallet options. Those are also eligible
options.
• Bank wire transfer
When the traders are operating from outside of Africa, this method is used.
They use their local USD. It takes 3 days to reflect in the broker account.
Is the demo account only for beginners?
When we see or hear the word demonstration, we think that it is for some who are
new to the environment. Similarly in this case also, the demo account familiarises
you with the trading process and terms. There is an exception though. Demo
account can be and are mostly used by experienced traders to develop new
techniques and strategies.
A demo account can be used for other purposes also. If you think that recently you
are facing greater challenges in trading and that your money will be at stake, then
you can turn to a demo account trying to cope up with the process. Once you create
a demo account, don’t be inactive for a longer period. That will lead you to your
account termination or deletion.
After gaining enough confidence, developing strategies, and getting used to the
terms, you can finally open your live account.
