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Blackstone500

United Kingdom|2-5 years|
Suspicious Scope of Business|High potential risk|

https://blackstone500.com/

Website

Rating Index

Contact

442037699447
support@blackstone500.com
https://blackstone500.com/

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Disclosure

Danger

CH FINMA
2020-08-27

Contact number

English

442037699447

Other ways of contact

Broker Information

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Company Name

Blackstone500

Abbreviation

Blackstone500

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Blackstone500 · WikiFX Survey

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Blackstone500 · Company Summary

Note: Blackstone500's official site - https://blackstone500.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Blackstone500 Review Summary
Founded 2008
Registered Country/Region Switzerland
Regulation No Regulation
Market Instruments Forex, Indices, Commodities, Oil, Gas, and Cryptocurrency
Demo Account N/A
Leverage 1:30 (Maximum)
Spread 1.3 pips (Standard)
Commission N/A
Trading Platform MT4
Minimum Deposit $250
Customer Support Email: support@blackstone500.com, Tel: +442036770120, Social Media: X, Facebook, LinkedIn

What is Blackstone500?

Blackstone500 is a broker founded in 2008 and based in Switzerland, which lacks regulation and has no available website.

Blackstone500

Pros & Cons

Pros Cons
  • MT4 Supported
  • No Regulation
  • Competitive Spread
  • Dead Website

Pros:

  • MT4 Supported: Blackstone500 offers support for the widely used MetaTrader 4 (MT4) trading platform, known for its advanced charting tools, technical analysis capabilities, and automated trading features, enhancing the trading experience for users.

  • Competitive Spread: Blackstone500 provides competitive spreads, so traders have access to favorable pricing when executing their trades, potentially reducing trading costs and maximizing profitability.

Cons:

  • No Regulation: One drawback of Blackstone500 is the absence of regulation, which raises concerns about the safety and security of funds, as regulated brokers are subject to strict oversight and compliance standards to protect investors.

  • Dead Website: Another downside is the reported inactivity or unavailability of the company's website, which hinders access to essential information, updates, and support resources, impacting the user experience and transparency of the brokerage.

Is Blackstone500 Safe or Scam?

  • Regulatory Sight: Blackstone500 is currently operating without regulatory oversight, which means it does not fall under the jurisdiction or supervision of any financial regulatory bodies. It also does not hold any licenses that would enable it to conduct its operations in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.

  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

  • Forex: Users can trade major, minor, and exotic currency pairs in the forex market, allowing them to speculate on currency exchange rate fluctuations.

  • Indices: Traders can invest in indices representing various global markets, enabling them to take positions on the overall performance of stock exchanges.

  • Commodities: Blackstone500 offers trading opportunities in commodities such as gold, silver, and other precious metals, as well as agricultural products, allowing investors to diversify their portfolios.

  • Oil and Gas: The platform allows users to trade contracts for difference (CFDs) on oil and gas products, providing exposure to the energy market and the opportunity to capitalize on price movements.

  • Cryptocurrency: Blackstone500 supports cryptocurrency trading, enabling users to buy and sell popular digital assets like Bitcoin, Ethereum, and Litecoin, as well as other altcoins.

Account Types

Standard Account:

  • Suitable for novice traders starting their trading journey.

  • Minimum deposit: $/€/£ 250.

  • Leverage is set based on the trading instrument with a maximum of 1:30.

  • Access to the Activ8 trading platform.

  • Features include instant execution of orders, professional support, and a personal account manager.

Bold Account:

  • Designed for more experienced traders who are willing to take more risks.

  • Minimum deposit: $/€/£ 3000.

  • Includes all features of the Standard account plus access to a senior account analyst for additional assistance.

VIP Account:

  • Tailored for experienced or VIP traders.

  • Minimum deposit: $/€/£ 12000.

  • Offers all the features of the Standard and Bold accounts, along with access to a senior account chief analyst for enhanced support and potential profit generation.

Leverage

Blackstone500 offers a maximum leverage of 1:30, which is relatively conservative compared to some other brokers. This means that traders can control positions up to 30 times the value of their trading capital. While this limits potential profits, it also reduces the risk of significant losses, making it a safer option for traders, particularly those who are new to the market or prefer a more conservative approach to trading.

Spread

Blackstone500 provides competitive spreads across its account types. For the Standard Account, spreads start from 1.3 pips, while for the Bold Account, spreads begin at 1.5 pips. The VIP Account offers the tightest spreads, starting from just 0.1 pips. As traders move up the account tiers, they benefit from tighter spreads, which can lead to lower trading costs and increased profitability.

Customer Support

The customer support provided by Blackstone500 includes several channels for assistance. Users can reach out to the support team via email at support@blackstone500.comor by calling the provided telephone number at +442036770120. Additionally, customers can engage with the company through social media platforms such as Facebook and LinkedIn.

Conclusion

Blackstone500 is a broker with competitive spreads, relatively conservative leverage, and support on MT4. However, it currently holds no regulation, and combined with a dead website, we do not recommend this broker to any user.

Frequently Asked Questions (FAQs)

Q: Is Blackstone500 regulated or not?

A: No, it is not regulated.

Q: What is the lowest spread it can offer?

A: The lowest spread it can offer is 0.1 pips.

Q: What is the minimum deposit required to open an account on Blackstone500?

A: The minimum deposit required is $/€/£ 250.

Q: What is the maximum leverage it can offer?

A: The maximum leverage it can offer is 1:30.

Q: Does it support MT4/5?

A: Yes, it does support 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.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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