BlackStone Futures Review
BlackStone Futures is a South African-based broker that is affiliated to Trade Nation, a multinational brokerage firm that is regulated in multiple jurisdictions, including by the FSCA of South Africa. The broker offers a wide range of tradable assets via the popular MetaTrader 4 (MT4) platforms and their proprietary CloudTrade platform.
BlackStone Futures Review, Pros & Cons
- Regulated brokerage
- A wide range of tradable assets
- Intuitive trading platforms for multiple devices
- Multiple trading tools
- Collection of educational resources
- 24/5 customer support
- Limited account options
- Limited payment options
- No US clients
- Not the lowest spreads
- No Cryptocurrency trading
In this detailed BlackStone Futures review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
BlackStone Futures Overview
Based in Johannesburg, South Africa, BlackStone Futures is an online broker that represents Trade Nation, a multinational brokerage firm that is regulated in multiple jurisdictions, including by the FSCA of South Africa. The broker offers multiple tradable instruments across different asset classes, such as futures, spot forex, and CFDs in indices, equities, and commodities.
The broker provides their clients with the popular MT4 platform and their proprietary CloudTrade platform, along with some useful trading tools and a wide selection of educational resources. As a true STP broker, they offer competitive spreads from 0.6 pips with no commission. These are not the lowest spreads that the trading brokers review team have found when compared to other trading brokers who offer forex spreads starting from 0 pips.
BlackStone Futures Regulation
BlackStone Futures (Pty) Limited, with the registration number 2009/008512/07, is a duly appointed juristic representative of Trade Nation (Pty) Limited, (Registration Number 2018/418755/07), which is an authorized Financial Services Provider under the Financial Advisory and Intermediary Services Act No 37 of 2002 – FSP#49846. So, BlackStone Futures (Pty) Limited renders financial services to clients on behalf of Trade Nation (Pty) Limited, which is authorized and regulated by the Financial Sector Conduct Authority, FSP No 49846.
Their liquidity provider is Finsa Europe Ltd, which is the company behind the European arm of Trade Nation and is registered in England and Wales under number 07073413, authorized and regulated by the Financial Conduct Authority (under firm reference number 525164). Another provider is Finsa Pty Ltd, which is behind the Australian arm of Trade Nation and holds an Australian Financial Services license (AFSL: 422661).
BlackStone Futures Countries
BlackStone Futures offers its services to residents of South Africa and other African nations. Traders from Asia, Latin America, and other regions can also make use of the broker, provided their local laws do allow trading with a foreign broker. They do not provide trading services to clients located in the USA.
Some BlackStone Futures features and products mentioned within this BlackStone Futures review may not be available to traders from specific countries due to legal restrictions.
BlackStone Futures Platforms
BlackStone provides clients with two powerful and sophisticated trading platforms: the MetaTrader 4 platform which is one of the world’s most popular trading platforms that is used by millions of traders around the globe and their proprietary CloudTrade platform.
MetaTrader 4 (MT4)
Designed by the Russian software company MetaQuotes, MT4 is an intuitive and easy to use online trading platform that is suitable for traders of all skill levels. The platform provides reliable trade execution speeds and supports highly customizable trading solutions with the ability to run automated trading systems via expert advisors (EAs).
The MetaTrader 4 platform has a comprehensive charting package with built-in indicators to help you analyze the markets and trade the wide variety of trading instruments offered by the broker. Built with forex traders in mind, MT4 offers an enhanced forex trading experience.
The MT4 platform has the following key features:
- User-friendly and customizable interface
- Advanced charting capabilities
- Multiple indicators and tools
- Multiple timeframes and chart types
- Support for multiple order types and one-click trading
- Automated trading with custom EAs and scripts
- MQL editor to create customised trading tools
- MetaTrader community to share tools and signals with other traders
- Alert notifications via email, SMS and pop-ups
BlackStone Futures provides two versions of the MT4 platform: the desktop version, which can be downloaded and installed on Mac and Windows PCs, and the MetaTrader 4 mobile apps for Android and iOS devices, which can be downloaded for free from the relevant app stores and used to trade on the go.
This is the broker’s proprietary trading platform, designed to offer a convenient trading experience. The platform is easy to use but without compromising on functionality. It allows for instant execution of market orders, as well as providing a number of resting order types. The charting package is comprehensive and should provide enough capabilities to meet the needs of even the most technical of traders.
The CloudTrade platform is available as a web trading terminal that can run directly on most modern web browsers, such as Chrome, Firefox, Edge, and Safari. There are also mobile trading apps that are compatible with Android and iOS devices, which can be downloaded from the relevant app stores.
BlackStone Futures Trading Tools
BlackStone Futures provides clients with some useful trading tools, such as the following:
The broker provides a downloadable MT4 template file and instructions on how to load it on the MT4 platform, which can help beginners easily set up their charts.
This indicator shows how many traders are buying and selling a particular instrument at any point. It is simply a sliding scale, showing you how people are feeling about certain currency pairs. The sentiment data is provided courtesy of myfxbook and is often used as part of a contrarian trading strategy.
This tool keeps the timetable of the scheduled data releases and economic events for the day or week, together with the potential impacts they may have on the markets. The economic calendar data is provided courtesy of myfxbook.
The broker publishes the estimated impact that company dividends may have on the price of certain indices every week. However, they are only estimates and projections, which can vary when compared with the actual results.
BlackStone Futures Education
The broker provides their clients with a generous collection of educational resources to improve their trading knowledge and skills. There are training and education sections on the BlackStone Futures website. The training section has the “Masterclass Event” where you can register for forex training and the webinar registration section where you register for the oncoming webinars.
The education section has a wide range of resources, including a course that covers many topics related to online CFD trading and mastering the markets. Other resources in the section include webinar recordings, YouTube playlist, trading articles, platform insight, and FAQs.
BlackStone Futures Instruments
BlackStone Futures offers online trading and in a wide range of instruments across multiple asset classes, including:
- Futures: The broker offers futures trading in a number of indices, including SA40, Euro Stock 50, France 40, Germany 30, Hong Kong 42, UK 100, US 500, and others.
- Forex Currency Pairs: There are major currency pairs along with minor and exotic currency pairs available for trading.
- Indices: Most of the world’s major equity indices are available for trading as futures or CFDs.
- Commodities: The broker offers CFD trading on many metal and energy commodities, including gold, silver, Brent Crude Oil, and WTI Crude Oil.
- Equities: There are individual equity CFDs for South African stocks, UK stocks, European stocks, and US stocks.
BlackStone Futures Accounts & Fees
BlackStone Futures offers two account types: the ZAR and USD accounts that allow trades with position sizes from 0.01. The required minimum deposit is R1,000. There is flexible leverage of up to 1:400 available no matter the account size. As a true STP broker, BlackStone Futures offers ECN-like spreads, without trading commissions although there is an overnight swap fee. Spreads start from around 0.6 pips on major forex currency pairs.
There are demo trading accounts for practice purposes. These are funded with virtual money so that traders can practice their strategies in a risk-free environment before opening real trading accounts. They are also a useful way to familiarise yourself with the brokers services and platforms.
As broker fees can vary and change, there may be additional fees that are not listed in this BlackStone Futures review. It is imperative to ensure that you check and understand all of the latest information before you open a BlackStone Futures broker account for online trading.
BlackStone Futures Support
The broker has a dedicated support team that is available during trading hours to answer clients’ general, technical, and account-related questions. You can reach them via phone, email, live chat, WhatsApp, and Telegram. Support can also be reached via social media on Facebook, Instagram, and Twitter.
BlackStone Futures Deposit & Withdrawal
BlackStone Futures accept a few account funding and withdrawal options, including a variety of local deposit/ transfer options via ABSA bank, Standard Bank, amongst others. Other acceptable payment options include Ozow, Wirecard, and Visa card.
Though the broker does not charge for deposits and withdrawals, the payment provider may charge transaction fees. Transaction processing time may vary with the type of transaction and the payment method used. There may be same-day withdrawals in some situations.
BlackStone Futures Account Opening
Opening an account with this broker is quick and easy. All you need to do is click on the “Open Account” button, which you can see throughout the BlackStone Futures website. You will be directed to fill this form:
After submitting the form, you will be required to send your proof of identity and address to verify your account, after which you can fund it and start trading online.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
BlackStone Futures Summary
BlackStone Futures is Johannesburg-based appointed juristic representative of Trade Nation (Pty) Limited, a multinational brokerage firm that is regulated in multiple jurisdictions, including by the FSCA of South Africa. They offer a wide range of tradable assets via the popular MetaTrader 4 platform and their proprietary CloudTrade platform.
However, this broker does not have the lowest spreads and there is a limited choice of account types. Furthermore, they do not currently provide cryptocurrency trading.
Trading foreign exchange and/or contracts for difference on margin carries a high level of risk, and may not be suitable for all investors. Blackstone Futures provides clients with Negative Balance Protection to prevent clients from suffering losses that exceed their account balance. Before deciding to trade the products offered by BlackStone Futures you should carefully consider your objectives, financial situation, needs, and level of experience. You should be aware of all the risks associated with trading on margin.