Blackstone Futures Broker Review

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Blackstone Futures, located in Rosebank Johannesburg, is a proudly South African Forex broker regulated by the FSCA. Despite being a local broker, they have a substantial reach within neighbouring countries such as Swaziland, Lesotho, and Namibia.

Their goal is to reach out to the rest of Africa.

The brokerage, founded in 2009, ranks them as well established in the industry.

Experience zero conflict of interest due to Blackstone Futures being a straight-through processing broker (STP). All orders and liquidity are sent to the liquidity providers in the UK. Enjoy tight spreads on USD, ZAR, and GBP account currency accounts.

Due to being a non-dealing desk themselves, their goal is to educate and extend the longevity of clients’ accounts. This makes for an excellent beginner-friendly broker.

Execute trades on MetaTrader 4 and CloudTrade, a well-designed proprietary trading platform for desktop and mobile.

You can find our transparent Blackstone Futures review below. Broker reviews are updated frequently!

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Blackstone Futures Regulation

Blackstone Futures (Pty) Ltd is a child company under Trade Nation Financial (Pty) Ltd in South Africa. They form part of a much bigger global business, regulated by ASIC in Australia, FCA in the United Kingdom and the SCB in the Bahamas.

Since their invent years, the FSCA regulated them under Blackstone Marketing (Pty).

• FSCA (Financial Sector Conduct Authority): 49846

Being regulated by the FSCA and having ties with ASIC, SCB and the FCA via their partners ensures trust and fair operations. Being a local broker offers the added benefit that allows traders to visit their offices in Rosebank Johannesburg.

Blackstone Futures is well regulated FSP, safe, and secure. An excellent broker of choice for South African currency enthusiasts seeking a regulated broker that has been in the industry for over ten years.

Blackstone Futures Broker Type

Blackstone Futures is an STP (straight-through processing) broker and do not take the opposite side of clients’ trades. This is a different approach to most leading brokers.

They offer traders a zero conflict of interest trading environment, which works well with their efforts to increase the lifetime of clients’ accounts. They only make money when you open trades, irrespective of the outcome.

Execution

Being an STP broker, slippage and order execution is heavily dependent on market volatility and liquidity, or lack thereof. Requotes and slippage rarely occur. Their liquidity providers receive orders directly for execution.

Their price feed is accurate within standards with little to no latency. Price manipulation, such as stop-hunting is non-existent.

These trading conditions allow for the successful implementation of scalping strategies. Hedging is also allowed on their MetaTrader 4 platform but not on their CloudTrade platform.

Forex Trading Education

They have an extensive range of educational material available on their website, such as weekly webinars to discuss trading strategies. They also offer a Masterclass. This education helps traders learn the basics to trade Forex successfully.

All these features are provided free of charge but do require traders to have a live trading account.

Multiple educational articles can be found on their website, covering platform insight and Forex trading in general.

Due to their efforts, we rate them as beginner-friendly.

Blackstone Futures (BlackstoneFutures, Black Stone Futures, as some users search for them) has a wide range of educational videos, and tutorials on their YouTube Channel to assist their clients with platform installation and setup.

They also do weekly Facebook Live webinars and beginners and advanced courses that can be found on their Facebook page after becoming a client.

Blackstone Futures Support

Brokers that pride themselves on top-class support is a strong indication of trust and transparency. Their support team is extremely knowledgeable and patient with beginners.

Need help setting up your trading platform? They will happily assist you via TeamViewer on desktop or mobile.

Their support stretches 24/5, covering all trading hours. Blackstone Futures provides support via multiple different channels, making it easy to contact them.

• LiveChat via their website: Available Monday – Friday from 07:00 to 22:00 and Saturday – Sunday 12:00 am – 22:00
• Email Support: Available Monday – Friday from 07:00 to 22:00
• Office Phone: Available Monday – Friday from 07:00 to 22:00
• Trading Desk: 24/5 – Account queries and Order Execution
• Whatsapp: Available Monday – Friday from 07:00 to 22:00 and Saturday – Sunday 12:00 – 22:00
• Social Media: Available Monday – Friday from 07:00 to 22:00 and Saturday – Sunday 12:00 – 22:00

Blackstone Futures Deposits and Withdrawals

Traders can start trading with as little as USD 100. You can top-up your account with USD 10 or more at a time. Deposits can be sped up by email proof of payment or informing support staff via LiveChat.

When depositing, the client must use their trading account number as the payment reference.

Deposit Methods

They offer a wide range of local deposit options.

EFT (Electronic Funds Transfer): A local way to deposit funds within South Africa. Deposits can reflect within minutes when using ABSA or take 24 – 48 hours when done from any other bank within SA.

Doing an instant or immediate payment can reduce the time it takes to clear into your trading account. Traders can use this method to fund their ZAR or USD accounts.

OZOW: An instant EFT method from any bank within South Africa, free of charge. Only available to ZAR accounts. If you would like your funds in your USD account, you can request an internal transfer.

Credit/Debit Card: Deposit using your VISA or Mastercard. An instant way to deposit funds into your ZAR account. If you would like your funds in your USD account, you can request an internal transfer.

Bank Wire Transfer: Mostly used to fund USD accounts when located outside of South Africa. Can take 2 – 3 working days to reflect.

ATM Deposit: Clients within SA can deposit cash directly into the broker bank account at an ABSA ATM. Instant in most cases.

Neteller: Clients can deposit via Neteller via their online e-wallet – instantly credited to your account.

Skrill: Clients can deposit via Skrill via their online e-wallet – instantly credited to your account.

Withdrawal Options

There is no withdrawal limit or minimum amount. Withdraw your profits as often as needed. All withdrawals are processed the same day that it is requested. The cut off time is 15:00. Withdrawals are only made Monday – Friday.

Blackstone Futures covers all fees and bank charges enquired. The broker requires a document to show “proof of bank account” in the trader’s name before any processing of withdrawals is done.

To further assist traders, they offer a 30% welcome deposit bonus when depositing the minimum amount of USD 100. The bonus is only on first-time deposits. Make the most of it.

Blackstone Futures Trading Conditions

Blackstone Futures, believe all clients should get the same benefits, no matter their account size. All accounts come with negative balance protection. A great feature to have as a trader.

Demo Account

All clients have the option to open a free demo account without having to commit. The demo account is valid if it is active. Inactivity of 30 days will disable the account. Traders are allowed to have multiple demo accounts in each of the account currencies offered.

The only exception being their CloudTrade platform. Be sure to select the correct account currency as it cannot be changed.

Leverage

Blackstone Futures however applies a standard 1:100 leverage to all accounts. They can increase the leverage, on request, to a maximum of 1:400. On request, Leverage can also be lowered.

Trading account leverage is not dependent on your account balance.

Spreads and Lot Sizes

Traders can execute micro lot sizes (0.01) on both USD, ZAR and GBP accounts and spreads are tight on both account types and platforms. MetaTrader 4 offers floating spreads, while CloudTrade provides fixed spreads.

Average Standard Account Spreads on Majors

• EUR/USD: 0.6
• GBP/USD: 0.8
• USD/JPY: 1.0
• AUD/USD: 0.6

Account Types

They offer only one account type in three account currencies, ZAR, USD and GBP. Blackstone Futures does, however, not provide swap-free or Islamic accounts at the time of writing this review.

Blackstone Futures Trading Platforms

MetaTrader 4: Offered in both USD, ZAR, and GBP. MetaTrader 4 is the worlds’ most popular trading platform, designed by MetaQuotes.

CloudTrade: Blackstone Futures’ proprietary platform. This platform is available on desktop as a web-based platform and as a mobile app for Android and IOS.

Their CloudTrade platform was explicitly designed with simplicity in mind, as it caters for both beginner and experienced traders. The platform offers unique features such as guaranteed stops.

Blackstone Futures IB Affiliate Program

They offer an extremely competitive IB program. Due to not being a market maker, CPA and revenue share deals are not available. IBs earn a standard 20% spread rebate every time traders, referred by them, open a trade.

This applies to the entire lifetime of their traders. Unfortunately, a refer a friend program is absent as of current. The company now offers a Sub-IB program, and you as an IB earns from IBs that sign up under you.

Join the Blackstone Futures IB Affiliate Program: Join Now & Earn

Blackstone Futures South Africa

What does Blackstone Futures South Africa bring to the SA marketplace? One highlight that sums it up as a South African trader.

They bring a client-first approach with one of the best client support systems in the Forex industry. Due to being local, withdrawals are swift, and on time!

Blackstone Futures Review Summary

Blackstone Futures is a proudly South African FSCA regulated broker. Traders have the benefit of visiting their offices, allowing them to meet the people with which they are dealing. A unique form of trust and deciding factor for traders.

They offer USD, ZAR and GBP account currencies provided on both MetaTrader 4 and CloudTrade. Clients are valued equally, receiving the same benefits, such as leverage and bonuses.

One of the standouts from the review is the same-day withdrawals. Due to this, all South Africans can receive their funds with minimal delay.

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Broker FAQ

Thinking of Trading with Blackstone Futures?

Which type of assets can I trade with Blackstone Futures?

Forex
Equities
Indices
Commodities
Futures
Differentials

What platforms does Blackstone Futures support?

MetaTrader 4 (MT4) and CloudTrade.

Are Blackstone Futures platforms mobile friendly?

Yes, they are available on Android and IOS.

What leverage does Blackstone Futures offer?

Blackstone Futures offers maximum leverage of 1:400.

What is the lowest spread I can expect with Blackstone Futures?

The lowest spread is typically on the EUR/USD at 0.6 pips.

Does Blackstone Futures offer commission-free trading?

Yes. No commissions are charged upon trade execution.

Is Blackstone Futures FSCA Regulated?

Yes. Blackstone Futures is FSCA regulated. FSP#49846.

What is the minimum deposit to open a Blackstone Futures account?

Blackstone Futures has a minimum deposit of USD 100 as a first-time deposit.

When was Blackstone Futures founded?

2009.

What account currencies does Blackstone Futures offer?

ZAR, USD, GBP.

Which deposit options does Blackstone Futures offer?

Credit/Debit Card, OZOW, EFT, ATM, Bank Wire Transfer, Neteller, Skrill.

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