BlackStone Futures Review
Founded in 2009, BlackStone Futures is an established FSCA-regulated online stock broker based in Johannesburg. It offers both ZAR and USD accounts on MT4 and the proprietary CloudTrade platforms, and STP execution ensures no conflict of interest. BlackStone Futures advertises itself proudly as an STP only broker, which allows for near-instant execution.
Regulations and trust
BlackStone Futures are only locally regulated by the FSCA in South Africa. As a subsidiary of Trade Nation Financial Pty Ltd, they are regulated by FCA and ASI . All funds of BlackStone Futures clients are kept in South African banks. BlackStone Futures also offer negative balance protection making sure you never lose more than you deposited. “
Commissions & Fees
Blackstone offers a USD Account as well as a ZAR account and charges zero commission on both accounts. Floating spreads are offered for MetaTrader 4 Platform and fixed spreads are offered for the CloudTrade Platform. Spreads are as low as 0.6 pips on the EUR/USD market and 10 pips on the USD/ZAR market.
There are two ways to trade with BlackStone Futures, either through their CloudTrade platform or the MT4 platform. The MT4 is one of the best forex trading platforms and can be used to trade Forex as well as commodities, cryptocurrency, stock index, and stock CFDs. CloudTrade is a browser-based trading platform that offers a variety of products including indices, FX, equities and commodities. It also features an advanced charting packaging. Mobile apps are available to download for both MT4 and CloudTrade.
Functionality and Tools
BlackStone Futures have placed emphasis on education for new traders. Educational material can be found through their Education header or by attending one of their free Masterclasses or webinars. They also provided different articles and tools that can be used for trading insights. They provide a market sentiment tool that shows how many traders are buying and selling. You can also make use of their Economic Calendar or information of dividend adjustments that may impact the price of an index.
A demo account is available for both USD and ZAR accounts on both MT4 and CloudTrade platforms. There is no time limited however an account that is inactive after 30 days will be disabled.
BlackStone Futures is the best CFD and Forex broker in South Africa. They strive to provide clients with the best possible trading experience. With no download needed to make use of their CloudTrade platform, extensive educational materials, and user-friendly experience, they are one competitive broker. Downfalls include the limited choice of trading platforms and that they are only locally regulated.