Blackwell Global Fees and Spreads
Blackwell Global Fees and Spreads
Blackwell Global fees and spreads commissions start from $9 with spreads form 0.1 pips.
Blackwell Global’s trading fees depend on the type of financial instrument being traded in addition to the account type, with spreads that start from as low as 0.1 pips.
Blackwell Global has trading fees which are transparent in a summary of fees along with a comprehensive spread list. The spread provided will depend on the type of account that the trader chooses.
Traders have the option of choosing three different type of accounts, each designed to cater for a variety of traders depending on their trading plan in addition to their trading knowledge, experience, and skill. The features tied to these plans are:
- Standard Account – minimum deposit of $500 with variable spreads, no known commissions and leverage of up to 1:30 which is subjected to approval.
- ECN Account – minimum deposit of $500 with spreads that start from 0.1, leverage which is subjected to approval and commissions of $9 per round, per trade.
- Professional Trader Account – there is no information pertaining to the features of this count apart from strict criteria that has to be met to qualify for it.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Additional Trading Fees
Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day. Blackwell Global offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.
Traders who are eligible for the Islamic account can follow the process of opening a Blackwell Global live account and apply for the Islamic option after funding their trading account.
Blackwell Global does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.
Blackwell Global does not charge any deposit fees or withdrawal fees but traders need to verify bank charges with their banking institution should deposits or withdrawals be done through Bank Wire Transfer.
Blackwell Global does not mention whether an inactivity fee or any other administrative fees are waived for account maintenance and management.
Pros and Cons
|1. No deposit fees charged||1. High commissions when compared to other brokers|
|2. No withdrawal fees charged||2. Account information/features not readily available|
|3. Low spreads starting from 0.1 pips|
|4. Competitive trading conditions|
|5. Provision made for Islamic Account|
How many instruments can I trade with Blackwell Global?
You can trade a range of financial instruments with Blackwell Global which includes, but is not limited to:
- CFDs, and
Which platforms are supported by Blackwell Global?
Blackwell Global provides the following popular trading platforms:
Does Blackwell Global offer leverage?
Blackwell Global offers a maximum leverage of up to 1:400 which is subjected for approval on ECN Accounts. Professional traders have access to higher maximum levels which are not indicated on the website.
What spreads can I expect with Blackwell Global?
Spreads from as little as 0.1 pips when choosing an ECN Account.
The spreads will be determined by type of live account you choose to register.
Does Blackwell Global charge commission?
Commissions are charged of $9 per round, per trade on the ECN Account.
Is Blackwell Global regulated?
Yes, Blackwell Global is regulated by the highly reputed FCA in the UK and FSP in New Zealand
Is Blackwell Global a recommended forex trading broker for experts and beginners?
No. Blackwell Global caters more for advanced and experienced traders than beginners.
What is the overall rating out of 10 for Blackwell Global?