Is BlackStone Futures Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with BlackStone Futures try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether BlackStone Futures is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker BlackStone Futures
BlackStone Futures is a mid-range regional broker that mostly operates in the South African, UK, and Asian markets. The company was founded in 2009 and today it firmly holds the field in professional trading in several jurisdictions.
| 💰 Account currency: | USD, GBP, and ZAR |
|---|---|
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:400 |
| 💱 Spread: | From 0.6 pips |
| 🔧 Instruments: | over 750 trading instruments. |
| 💹 Margin Call / Stop Out: | n/a |
Pros and cons of BlackStone Futures
👍 Advantages of trading with BlackStone Futures:
•Relatively small deposit — from $100.
•Having leverage of up to 1:400 allows you to open trades on any assets within the framework of the rules of risk management.
•Trading terms are transparent, so there are no ambiguous interpretations of the rules of the Client Agreement; and no “small print”.
•Tight spread for many assets that correspond to the ECN model standards.
•The broker’s risk manager's assistance is available when creating a proprietary trading system.
•Withdrawals are on the same day, including credits to bank payment systems.
•No commissions.
👎 Disadvantages of BlackStone Futures:
•Lack of auxiliary tools and script applications. These you must search for on third-party resources.
•A review of specifications of contracts in the public domain is not available without registration.
•Lack of reversal competitive advantages.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
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A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
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In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
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A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is BlackStone Futures Regulated? Broker’s license
Security (Protection for Investors)
Following the publicly available legal documents, BlackStone Futures belongs to Trade Nation Financial (Pty) LTD. The corporation has several divisions that are licensed by the Australian regulator ASIC/AFSL (422661), FCA (525164), the Bahamas Securities Commission (SIA-F216), and the FSCA (49846).
👍 Advantages
- Constant verification by several regulators with different requirements
- Segregation of customer accounts
👎 Disadvantages
- Complex procedures for filing a claim in the proper jurisdiction for this multi-jurisdictional broker.
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by BlackStone Futures, which you can see below.
Experts at Traders Union have analyzed BlackStone’s trading terms for explicit and hidden commissions. There are no hidden fees, no withdrawal fees, and no standard flat fees for ECN accounts. The only broker's commission is a markup for the market spread.
| Account type | Spread (minimum value) | Withdrawal commission |
| Single account | from $6 | No |
Brokers that are similar to BlackStone Futures
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of BlackStone Futures conditions with its closest competitors.
Comparison of BlackStone Futures with other Brokers
| BlackStone Futures | RoboForex | Pocket Option | Exness | Octa | FreshForex | |
|---|---|---|---|---|---|---|
Trading platform |
No |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MetaTrader4, MetaTrader5 |
MT4, MobileTrading |
Min deposit |
No |
$10 |
$5 |
$10 |
$25 |
No |
Leverage |
No |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
No |
From 0 points |
From 1.2 point |
From 1 point |
From 0.6 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
No |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
No deposit bonus |
No |
No |
No |
No |
No |
$30 |
Cent accounts |
No |
Yes |
No |
No |
No |
Yes |
BlackStone Futures is a highly specialized broker that is more suitable for professional traders and traders using advisors.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
The Octa broker has tried to adapt its conditions as much as possible to the various trading strategies used by traders. However, at the moment the company is more focused on active market participants, rather than passive investors.
FreshForex is a reliable Forex broker providing a standard set of trading tools. The company is a good option for traders of all levels, from beginner to professional traders. It is mid-range in terms of size and number of registered traders and they are reliable based on our research and analysis.
Conclusions
BlackStone Futures is a quite reliable broker for trading. BlackStone Futures operates on the license of a reliable jurisdiction and its operation is regularly monitored. However, the company does not offer the best trading conditions compared to competitors. You can choose this broker and not worry about the safety of your funds, but there are better options in terms of trading conditions.
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FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.