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Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Blackbird Review 2024
Minimum
deposit:
deposit:
- €1
Trading platform:
- BlackTrader
Regulation:
- CNMV
- FINRA
- SIPC
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- €1
Trading platform:
- BlackTrader
Regulation:
- CNMV
- FINRA
- SIPC
Bonus for deposit:
- 0%
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Summary of Blackbird Trading Company
Blackbird is a broker with higher-than-average risk and the TU Overall Score of 3.31 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Blackbird clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. Blackbird ranks 284 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Blackbird offers a functional electronic platform, margin financing, investment solutions, and 24/7 support available in Spanish.
Blackbird is a Spanish stock broker that is regulated by CNMV (Comisión Nacional del Mercado de Valores) and is a member of the FOGAIN (Fondo General de Garantía de Inversiones) public investment guarantee fund. The BlackTrader platform provides for trading both underlying assets (stocks, ETFs, and bonds) and derivatives (options, futures, and CFDs on currency pairs, stocks, and indices). The company was incorporated in 2012 and it received numerous awards, including awards for the Best Platform and the Best Training for Novice Traders. Blackbird offers access to 15 global markets and focuses on providing services to investors from Spain and Latin America. Its clients can use several investment solutions, including those with personal support and portfolio building.
| 💰 Account currency: | EUR |
|---|---|
| 🚀 Minimum deposit: | €1 |
| ⚖️ Leverage: | Up to 1:30 |
| 💱 Spread: | Subject to the instrument; the minimum fee is $7 |
| 🔧 Instruments: | Stocks, ETFs, and futures; options on indices, stocks, and futures; and CFDs on stocks, indices, Forex, and bonds |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Blackbird:
- Versatility. The broker provides access to a wide range of financial instruments, both underlying assets and derivatives, and investment products;
- Global coverage. On the Blackbird platform, traders can work on global financial markets, and not only on Spanish stock exchanges;
- Advanced analytical tools. These are newsfeeds, YouTube videos, research, and market forecasts;
- High degree of reliability and security. The broker is regulated in two jurisdictions and participates in compensation funds of Spain and the U.S.;
- Leverage. The broker's clients can use margin financing to increase their trading volumes;
- Focus on traders from Spain. Education and support are available in Spanish;
- Average trading fees as compared to other global brokers that provide access to the stock market.
👎 Disadvantages of Blackbird:
- Individual portfolios are available only upon depositing €25,000 or more;
- Minimum fees for stocks and ETFs are higher than those of the broker’s competitors;
- Deposits and withdrawals are made only by bank transfers, which may cause additional expenses.
Evaluation of the most influential parameters of Blackbird
User Satisfaction i
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dony888
11 weeks ago
Expert Review of Blackbird
Blackbird is a broker focused on Spanish-speaking traders and investors. It provides for trading with a small initial deposit, which makes its services available to a wide range of traders. The company holds webinars and offers courses for novice traders, including face-to-face lessons and group online sessions.
To enter the market through Blackbird, its clients can use its in-house platforms. The desktop platform is compatible with Windows, macOS, and Linux. Also, it is possible to trade from smartphones, tablets, or in a web version of the platform. Regardless of the software, Blackbird’s clients get access to real-time market data, research, and advanced analysis tools.
The broker provides access to markets in the U.S., Europe, and Asia and yet customizes its services for Spanish traders. They can get assistance in their native language, place or correct their orders by free phone numbers, and request personalized portfolio monitoring. Blackbird has offices in Madrid and Barcelona, where traders can receive answers to questions on trading conditions or accounts.
Dynamics of Blackbird’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Blackbird provides services of financial planning, consulting on long-term investments, and management of ready-made portfolios. Traders can work with over 30 variable-income investment funds. The broker offers options for both professional investors and novice traders.
Investing in funds through Blackbird
Annually, Blackbird analysts choose the best funds for passive income and the company’s advisors help investors to choose the option that corresponds to their strategies and financial goals. Clients can fill in a special questionnaire about investment, and Blackbird’s managers will recommend the best fund for them. Also, the company offers the following paid services for investors:
Advice on portfolios of funds. Portfolios are built with the help of experienced experts. The minimum investment is €25,000. Investors are charged with fixed monthly fees without additional payments.
Creation of premium investment portfolios. This service is available to investors with capital from €150,000. Portfolios are built by managers to fit individual trader’s needs. Investors pay fixed monthly fees.
Recommendations on variable income portfolios. The minimum investment is €50,000. Personal consultations are available. The broker withholds 10% of the client’s income in addition to a fixed fee.
Working with investment funds implies long-term income, yet the broker doesn’t guarantee profits but forecasts them. The team of 20 investment experts selects funds and consults on their use and management.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs from Blackbird:
The broker attracts new clients directly and not through traders who already use its services.
Trading Conditions for Blackbird Users
Blackbird’s clients get access to trading stocks and ETFs of Spain and 14 more markets. Futures are traded as micro, mini, and standard contracts. Investment in option contracts on stocks, indices, and futures is available. Also, Blackbird provides access to trading Forex and CFDs. All instruments are available on one platform — the proprietary BlackTrader. To protect the portfolio from strong stock market volatility, traders can use fixed-income bonds of Spain. They can work on live and demo accounts, trade with leverage, and place basic and advanced order types.
€1
Minimum
deposit
1:30
Leverage
24/7
Support
| 💻 Trading platform: | BlackTrader |
|---|---|
| 📊 Accounts: | Paper (demo) and Real |
| 💰 Account currency: | EUR |
| 💵 Replenishment / Withdrawal: | Bank transfers |
| 🚀 Minimum deposit: | €1 |
| ⚖️ Leverage: | Up to 1:30 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Spread: | Subject to the instrument; the minimum fee is $7 |
| 🔧 Instruments: | Stocks, ETFs, and futures; options on indices, stocks, and futures; and CFDs on stocks, indices, Forex, and bonds |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | Market |
| ⭐ Trading features: | Minimum fixed fee for all instruments |
| 🎁 Contests and bonuses: | No |
Comparison of Blackbird with other Brokers
| Blackbird | RoboForex | Pocket Option | Exness | XM Group | Deriv | |
| Trading platform |
BlackTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, MobileTrading, XM App | Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
| Min deposit | $1 | $10 | $5 | $10 | $5 | $1 |
| Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:30 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 1.00% |
| Spread | From 7 points | From 0 points | From 1.2 point | From 1 point | From 0.6 points | From 0 points |
| Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | Yes | No |
Broker comparison table of trading instruments
| Blackbird | RoboForex | Pocket Option | Exness | XM Group | Deriv | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | No | Yes | Yes | Yes | Yes | Yes |
| Crypto | No | No | Yes | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | Yes | Yes | Yes |
| ETF | No | Yes | No | No | No | No |
| Options | No | No | No | No | No | Yes |
Blackbird Commissions & Fees
Information
The fee for trading stocks in Spain is 0.125% but not less than €7; for stocks in the U.S., it is $0.015 but not less than $7 per trade; and for stocks in Canada, it is CAD 0.015 but not less than CAD 5. Fees for other markets are 0.10%-0.13% but not less than €7/AUD 5/GBP 7, etc., subject to the base currency of the instrument. Fees for trading futures in the U.S. and Europe are €1.3-€3.5 or $0.95-$15.02; options are €2/$2; and bonds are from €5 per trade. For trading CFDs on indices, the broker charges 0.0008%-0.02%; on U.S. stocks, the fee is $0.1; on stocks in Canada, it is CAD 0.015; and on stocks of other markets, it is 0.07%-0.13%. The fee of 0.0055%-0.0090% is charged for trading Forex instruments. Information on deposit fees isn’t available on the Blackbird website. Withdrawals through SEPA are free. Fees for custody of securities and account management are not charged. The table below provides the minimum fee for trading stocks and ETFs.
| Account type | Spread (minimum value) | Withdrawal commission |
| Real | $7 | No |
The minimum fee per trade is charged for all trading instruments. Blackbird’s minimum fee for trading stocks is average for this asset class. Unlike its competitors, the broker doesn’t withhold a fixed rate per contract, and its minimum fee is average as compared to companies from the TU rating.
| Broker | Average commission | Level |
| Blackbird | $7 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed review of Blackbird
Blackbird is regulated in Spain at the state level and participates in FOGAIN. The company strictly adheres to the investment services standards. It partners with Interactive Brokers and Banco Inversis which provide the broker’s clients with services of execution and custody of funds and assets. Investment products are available to every broker’s client. However, traders with capital from €25,000 have more options and opportunities.
Blackbird by the numbers:
12+ years of working on global stock exchanges;
Access to securities markets of 15 countries;
30+ selected investment funds with forecast profitability;
Trading platform is compatible with 3 operation systems;
Investment into 9 asset classes.
Blackbird is a broker that offers platforms with clever routing and access to advanced order types
The BlackTrader platform is suitable for both experienced and novice traders. It helps to conduct deep market analysis, manage funds, and trade stocks, options, futures, CFDs, currencies, and ETFs. The convenience and versatility of BlackTrader made it the best platform at Barron’s Awards.
In addition to the functional trading platform, Blackbird has high-quality order execution, for which it received awards over 11 years. The platform has a clever routing system that provides the best execution. It supports over 60 order types, which allows traders to use most of their strategies and capital. Also, the Chart Trader market evaluation program developed by Blackbird is available to its clients.
Useful services offered by Blackbird:
Reuters and Bloomberg TV newsfeeds are integrated into BlackTrader;
Free webinars and group seminars held by professional speakers;
Real-time trading alerts, risk tools, and main market data by Thomson Reuters;
Demo mode of the trading platform;
Free basic analytics and more advanced research with a monthly subscription of €35-€75.
Advantages:
1
The broker has been on the market since 2012 and regulated by CNMV since 2017;
2
Trading on all available markets from one account;
3
Wide range of trading instruments;
4
Proprietary trading platform suitable for traders with varied experience;
5
Efficient technical support that helps to solve relevant issues and problems; it is also available in popular messengers.
Blackbird strives to regularly introduce new technologies and provide innovative solutions for online trading and financial services. One of the latest offers was Private Banking and building investment portfolios.
Guide on how traders can start earning profits
To get access to BlackTrader, become the broker’s client. To register, it is required to fill in a special form and provide the necessary documents. To activate the account, fund it with any amount.
Account type:
Account Type
Description
Real
This account type is intended for trading underlying assets and derivatives. Trading conditions depend on the financial instrument, market, and trader’s status, which can be retail or professional. Leverage for professional traders is higher. Available account types are Cuenta individual, Cuenta conjunta (Dos titulares), and Cuenta empresa.
Before opening a trading account, you can train in a demo mode of the platform. This service is free and allows traders to work on the real market with virtual funds.
Blackbird provides access to numerous financial markets in different countries. Among available financial instruments are stocks, investment funds, futures, options, and CFDs.
Investment Education Online
Information
The Blackbird website doesn’t contain education for novice traders, but it offers training for professionals in different formats. Its clients get access to a 90-hour video course, webinars, interactive practical seminars, trading sessions with experienced traders, and personalized education. The demo mode of the trading platform is used to study its interface and to learn how to invest.
Information available with Blackbird
Information not available on the Blackbird website
Description of educational tools available with the broker
No educational content for novice traders
Blackbird offers paid courses on stock markets worth €350 and €2,240. They combine theory with practice and provide real advice from experts who trade on stock exchanges professionally.
Security (Protection for Investors)
Information
Blackbird is a part of ACAPITAL BB, Agencia de Valores, SA, registered by CNMV under number 270. As a broker regulated by CNMV, Blackbird is a member of FOGAIN and protects clients’ funds with reimbursements of up to €100,000 per client.
The Blackbird representative office in the U.S. registered as Blackbird Wealth Management, SL, is supervised by FINRA (Financial Industry Regulatory Authority) and participates in the SIPC (Securities Investor Protection Corporation) compensation scheme. Each client can receive up to $500,000, but not less than $250,000 in cash, in case of suspension of the broker’s activities or its bankruptcy.
👍 Advantages
- Investments of Blackbird’s clients are protected
- Negative balance protection for retail traders
- Traders’ funds are segregated from the broker’s capital
👎 Disadvantages
- Regulators forbid bonuses and partnership programs
- To open an account, personal data and documents are required
- The main payment method is a bank transfer
Withdrawal Options and Fees
Withdrawals are made to bank accounts used to make deposits. These accounts must be opened in the name of clients;
There are no fees for SEPA transfers;
Other withdrawal conditions are not provided on the broker’s website.
Customer Support
Information
Technical support is available 365/24/7. Physical offices in Barcelona and Madrid accept clients from 9:00 to 18:00 (GMT+1) Monday through Friday.
👍 Advantages
- Communication with support is available in a live chat on the website and instant messengers
- 24/7 support in Spanish
👎 Disadvantages
- Responses in a live chat are sometimes delayed
- No call-back option
Traders can contact the company using the following communication channels:
Live chat;
Telephone numbers, provided on the broker’s website;
Email;
WhatsApp;
Telegram.
The Contact section has a ready-made form to ask for assistance by email.
Contacts
| Foundation date | 2012 |
| Registration address | Av. Diagonal, 413, L'Eixample, 08008 Barcelona, Spain |
| Regulation |
CNMV, FINRA, SIPC |
| Official site | https://blackbird.es/ |
| Contacts |
Email:
info@blackbird.es,
Phone: 932713315 |
Review of the Personal Cabinet of Blackbird
The user account on the Blackbird website is created in several stages.
1
To launch the registration process, click the “Abrir una cuenta” button.
2
Next, choose your preferred account type. If you are a retail investor, tick the Cuenta individual box.
3
In the form that opens, enter your first and last names, and your passport number. Also, choose the service that is your priority.
4
Further, upload your documents and provide additional personal data.
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FAQs
Do reviews by traders influence the Blackbird rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Blackbird you need to go to the broker's profile.
How to leave a review about Blackbird on the Traders Union website?
To leave a review about Blackbird, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Blackbird on a non-Traders Union client?
Anyone can leave feedback about Blackbird on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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