Overview of BLACK STONE
BLACK STONE is a broker situated in United Kingdom which registered in Paternoster Square, London, EC4M 7LS, United Kingdom. With Vip, gold, silver and standard account types, the minimum deposit to open a basic account is $250. However, it's crucial to emphasize that Black Stone operates without regulatory oversight, indicating the absence of supervision from established financial regulatory bodies.
Is BLACK STONE Legit？
BLACK STONE has no license, which means this broker is not regulated. It is advisable for traders to thoroughly research and consider the regulatory status of a broker before engaging in trading activities to ensure a safer and more secure trading experience.
Pros and Cons
BLACK STONE offers investment options but appears to be less safe and user-friendly. The lack of regulation exposes you to potential risks, and getting help seems limited as they mostly rely on email for customer support. On top of that, they require a high minimum deposit for some account types to start trading.
Account Types
Black Stone offers four types of trading accounts tailored to meet the diverse investment needs of its clients.
VIP: Offeringa maximum leverage of 1:500, a minimum deposit requirement of $50,000, a minimum spread of 0 pip.
Gold: Featuring a maximum leverageof 1:500, a minimum deposit of $10,000, a minimum spread of 0.8 pips.
Silver: With a maximum leverage of 1:400, a minimum deposit of $2,500, a minimum spread of 1.5 pips.
Standard: Offering a maximum leverage of 1:500, a minimum deposit requirement of $250, a minimum spread of 1.5 pips.
Leverage
Black Stone offers a robust leverage system across various account types. For VIP, Gold, and Standard account holders, they provide a maximum leverage of 1:500, allowing traders to amplify their trading capacity by up to 500 times their initial investment. The Silver account type offers a slightly lower maximum leverage of 1:400, still providing a significant boost to trading power. This high level of leverage across accounts enables traders to engage in larger trades and potentially increase their profits, albeit with a corresponding increase in risk.
Spreads & Commissions
Black Stone provides four account types to suit various trader needs and investment levels, each with distinct spread and commission structures:
VIP Account: Catered to elite traders with a minimum deposit requirement of $50,000, offering the most advantageous trading conditions with a minimum spread of 0 pips. This account is ideal for high-volume traders seeking the lowest costs.
Gold Account: Designed for experienced traders, requiring a minimum deposit of $10,000. It offers attractive trading conditions with a minimum spread of 0.8 pips, balancing competitive costs with access to significant leverage.
Silver Account: Suitable for traders stepping into more serious trading, with a minimum deposit of $2,500. The account provides a minimum spread of 1.5 pips, offering a balance between affordability and competitive pricing.
Standard Account: The most accessible account type, requiring a minimum deposit of just $250. It shares the same minimum spread of 1.5 pips as the Silver account, making it a viable option for those new to trading or with limited capital.
These account options demonstrate Black Stone's commitment to catering to a wide spectrum of traders, from novices to seasoned professionals, by offering varying levels of entry points and cost structures.
Customer Support
BLACK STONE provides customer support through email at support@blackstone-cm.com and phone at +44 2045483382.
Conclusion
In conclusion, Black Stone presents traders with a variety of trading instruments and account types, However, the absence of regulatory oversight poses potential risk may hinder efficient resolution of inquiries. Additionally, the lack of educational resources and unclear company policies may present challenges for traders seeking comprehensive guidance. Traders should exercise caution and conduct thorough research before engaging with BLACK STONE to mitigate potential risks and ensure a safer trading experience.
FAQs
Q: Where is BLACK STONE registered？
A: BLACK STONE is registered in the United Kingdom, specifically in Paternoster Square, London, EC4M 7LS.
Q: What is the full company name of BLACK STONE？
A: The full company name is BLACK STONE.
Q: What type of regulation applies to BLACK STONE？
A: BLACK STONE has no license and is not regulated.
Q: What is the minimum deposit required to start trading with BLACK STONE？
A: The minimum deposit varies by account type:
VIP: $50,000
Gold: $10,000
Silver: $2,500
Standard: $250
Q: What is the maximum leverage provided by BLACK STONE？
A: The maximum leverage offered for VIP, Gold, and Standard accounts is 1:500, and for Silver accounts, it is 1:400.
Risk Warning
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.
