Review of Blackwell Global Investments (Cyprus) Limited
Blackwell Global is a trading title of Blackwell Global Investments Ltd. CySEC authorizes and regulates this forex brokerage provider. It emerged in 2010. It is a global broker with eight offices in Auckland, Beijing, Hong Kong, Lagos, Limassol, London, Shanghai, and Singapore. Blackwell Global has a worldwide network of clients and partners. The British brokerage firm Blackwell Global Investments (UK) Ltd. has received the FCA license, which has been active since February 1, 2016.
Both CySec and FCA apply a specific set of laws and requirements to financial service providers in Cyprus and the United Kingdom, respectively. One of the most important is the minimum capital requirement. Brokers from the United Kingdom should have at least EUR 730,000 and shares in Cyprus - EUR 1,000,000. Similarly, brokers in Australia must have a minimum USD 1,000,000 and those based in the US - USD 20 million to be able to operate lawfully.
The FCA regulation also entails an additional guarantee for clients' funds. A compensation program covers them for financial services, where the maximum compensation amount is £ 50,000 per person. Similarly, all CySEC regulated brokers are part of the Investor Compensation Fund. It secures the claims of constant clients up to a maximum of EUR 20,000 each.
This broker provides a maximum level of leverage at a ration of 1: 200, which is the standard.
Traders should be careful, however, because such leverage levels can multiply earnings and lead to substantial losses.
Blackwell Global provides the most popular MetaTrader 4 trading platform, desktop, and mobile versions. What's more, the broker announced the upcoming MT4 web version on its website.
Best Forex Brokers By Countries - 2023
Top Rated Online Best Forex Brokers 2023
Leave a Comment