South Africa has recently become the hub for traders from all over the world, and it’s all due to the ever-growing number of traders, interested brokers, traders’ demands, and highly regulated finance sectors. There are about 190,000 traders trading from South Africa alone.
Blackstone Futures South Africa
|Ranking no||Nine from top recommended forex brokers|
|Min. Deposit||1000 ZAR|
|Trading platforms||MetaTrader 4 and CloudTrade|
|Trading fees||Comparatively low|
|Account Activation Time||Approx. 24 hours|
Who is Blackstone Futures?
Blackstone Futures is one of the best-regulated forex brokers based in South Africa. It was founded in 2009 and fascinated thousands of traders towards itself within no time. The highly efficient choice for beginner traders with a minimum deposit of 1000 ZAR and low trading costs with spreads starting at 0.06 pips. It offers an attractive ZAR account with pleasant trading opportunities and financial assets.
Blackstone Futures is the safest choice.
When traders evaluate the brokers to open financial accounts, regulation is the integral component to consider. Regulated brokers must implement all the stringent rules and regulations set up by regulatory sectors to ensure the security of clients’ funds.
Blackstone Futures South Africa is a highly regulated broker that serves Trade Union (pty) Limited. The broker offers the financial services on behalf of the Trade Union; Financial Service Conduct Authority or FSCA well regulates both.
Leverage is a tool offered by brokers that let the trader unlock more prominent positions and gain impactful exposure along with the market in which they are trading instead of initial deposits.
Blackstone Futures comes with the max leverage of 1:400. However, it offers other margin rates depending on trading platforms, trading conditions, and financial instruments being traded. But remember one thing that leverage comes with gains and can be detrimental with high risks of losses when it is abused or incorrect.
Blackstone Futures offers two top-demanding financial account types; ZAR accounts and USD accounts, with a minimum deposit of 1000 ZAR for both accounts. That will let the trader trade with minimum position sizes from 0.01 lots. Margin open from 0.5% that doesn’t contain any commission fee of account maintenance, inactivity fees, or any other, but it may charge overnight swap. Moreover, it doesn’t offer any demo accounts.
Deposit and withdrawals
Ease in deposit and withdrawals is the crucial factor to be considered, whenever traders evaluate brokers. And Blackstone Futures offers the following methods.
- Credit cards
- Local deposit
- Debit Cards
Moreover, it doesn’t charge any deposit or withdrawal fee, but traders may pay transaction fees followed by local banks.
Long story short, Blackstone Futures South Africa is a top recommended forex broker for inexperienced traders that offer plenty of financial assets, trading education, and pleasant opportunities. Choose between two attractive accounts on two different platforms (MetaTrader 4 and CloudTrade) with the minimum deposit of 1000 ZAR and open more prominent positions.