Blackridge Forex Broker

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation No regulation Market Instrument Forex and CFDs on metals, cryptocurrencies, spot oil & gas and indices & stocks Account Type Standard, Professional Demo Account yes Maximum Leverage 1:500 Spread (EUR/USD) Standard: 1.6 pips; Professional: 0.0 pips Commission Standard: no; Professional: 50$ per min USD round turn Trading Platform MT4 and MT4 Mobile Minimum Deposit N/A Deposit & Withdrawal Method Bank transfers, credit/debit cards and cryptocurrencies Blackridge, a trading name of Blackridge Capital Management Ltd., is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and variable spreads from 0.0 pips on the MT4 and MT4 Mobile trading platforms via two different live account types. Here is the home page of this brokers official site: As for regulation, it has been verified that Blackridge currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.44/10. Please be aware of the risk. Market Instruments Blackridge advertises that it offers access to a wide range of trading instruments in financial markets, including forex and CFDs on metals, cryptocurrencies, spot oil & gas and indices & stocks. Account Types Apart from demo accounts, Blackridge claims to offer two types of trading accounts, namely Standard and Professional. However, it says nothing about the minimum deposit. Leverage The specified leverage for different account types at Blackridge varies between 1:200 and 1:500. Clients on the Standard account can enjoy the maximum leverage of 1:500, while the Professional account can experience leverage of 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions Blackridge claims to offer variable spreads. Specifically, the spread on the benchmark EUR/USD pair is 1.6 pips on the Standard account and 0.0 pips on the Professional account. As for commissions, there is no commission on the Standard account, while the $50 per min USD round turn on the Professional account. Trading Platform Available The platform available for trading at Blackridge is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and MT4 Mobile. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal Blackridge says to work with numerous means of deposit and withdrawal choices, consisting of bank transfers, credit/debit cards and cryptocurrencies. No fees for deposits and withdrawals. As for the processing time of deposits and withdrawals, 2-5 business days for bank transfers deposits and deposits; 3 days for credit/debit card withdrawals; instant for credit/debit cards deposits, and cryptocurrency deposits and withdrawals. Customer Support Blackridge‘s customer support can be reached by telephone: +44-2039660115 / Skype: Info@blackridgecm.com, email: support@blackridgecm.com and live chat. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer. Pros & Cons Pros Cons • Rich tradable instruments • No regulation • Demo accounts available • High commission fee • MT4 supported Frequently Asked Questions (FAQs) Q 1: Is Blackridge regulated？ A 1: No. It has been verified that Blackridge currently has no valid regulation. Q 2: Does Blackridge offer demo accounts？ A 2: Yes. Q 3: Does Blackridge offer the industry-standard MT4 & MT5？ A 3: Yes. Blackridge offers MetaTrader4 and MT4 Mobile. Q 4: Is Blackridgea good broker for beginners？ A 4: No. Blackridge is not a good choice for beginners. Although it offers demo accounts on the MT4 platform, it lacks legitimate regulation. So, it is dangerous to trade with this broker.