BlackPearlFX Forex Broker

Note: BlackPearlFX's official website: https://www.blackwh01.com/ is currently inaccessible normally.BlackPearlFXReview SummaryFounded/Registered Country/RegionUnited KingdomRegulationFCA (Suspicious clone)Market Instruments60 Currency Pairs (up to 100 Currency Pairs via FIX API), CFDs on Indices, commodities, and precious metalsDemo Account/LeverageUp to 1:500SpreadFrom 0.6 pips (Pro account)From 0 pips (Prime account)Trading PlatformMT4Min Deposit$100Customer SupportPhone: 4006055850Email: m17080897033@163.comQQ: 349591251, 799831320, 1248604050 BlackPearlFX was founded in the United Kingdom. It offers many trading assets, including 60 Currency Pairs (up to 100 Currency Pairs via FIX API), CFDs on Indices, commodities, and precious metals with leverage up to 1:500. However, the FCA-regulation is a suspicious clone.Pros and ConsPros Cons Various trading assetsSuspicious regulationHigh leverageHigh minimum depositTight spreadsPopular trading platform MT4Is BlackPearlFX Legit?Regulatory Status Suspicious CloneRegulated by Financial Conduct Authority (FCA)Licensed Institution Black Pearl Securities LimitedLicensed TypeStraight Through Processing (STP)Licensed Number688456 BlackPearlFX's regulation is a suspicious clone. Its email address and website are different from the license. Even the address of licensed institution is not offered by BlackPearlFX.What Can I Trade on BlackPearlFX?Tradable Instruments Supported Currency Pairs✔Indices✔Commodities ✔Precious metals✔Energies❌Stocks❌Cryptocurrencies❌Bonds❌Options ❌ETFs❌Account Type BlackPearlFX offers two account types: PRO and Prime.Account TypeMinimum DepositMinimum Trade SizePro (STP)$1000.01 (micro lot)Prime (ECN)$10 000Leverage BlackPearlFX's leverage varies by the account types. The Prime account's leverage is 1:100. And the Pro account is 1:500. High leverage always comes with high returns and high losses.Spreads and Commissions The Pro account of BlackPearlFX starts from 0.6 pips, and the Prime account starts from 0 pips. Besides, the Prime account also has $3 commission per side per 100k trade, and the Pro account's commission is free of charge.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, Mobile, WebBeginnersMT5❌/Experienced tradersDeposit and Withdrawal BlackPearlFX can deposit and withdraw via bank wire, Skrill, Neteller and UnionPay.