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BlackHorse Forex Broker provides real users with * positive reviews, * neutral reviews and 13 exposure review!

BlackHorse Broker Review

1.60

WikiFX monitor

Business

Field Survey Danger

License

FCA Revoked

BlackHorse Review 13

Latest All(13) Exposure(13)
Exposure
Unable to withdraw in BlackHorse

My request for withdrawal is approved in last June. The platform transferred 2000 RMB each time on and off during 2 months. There are still 20000 RMB yet to be received. The salesman told me to wait for another 2 months since there was a tight budget and, craving for my understanding. But, after 6 months, the platform kept shirking, giving no access to fund. Manager Lu of BlackHorse , didn’t respond on phone or WeChat. BlackHorse talks no about integrity and only wants to shirk. How can you conduct business in Chinese market in the run-up? Let us get united and report it to take back our money.

军辰
2020-02-25
Exposure
Unavailable withdrawal

The scam platform noticed us to withdraw funds last week with the reason of ceased service in China. But the fund is yet to be received.

大明94349
2020-01-01
Exposure
Difficult to withdraw

I applied for the withdrawal in BlackHorse in February.It has been more than 8 months,only half of the withdrawal was received,with 120000 RMB or so haven’t be received.In recent 2 months,I haven’t received a penny.

橄榄树
2019-10-21
Exposure
I only get a small portion of my withdrawal,with 30000 unavailable.

This fraud platform,where I only get a small portion of my withdrawal,with 30000 unavailable.The customer service was out of contact.Help,the money was hard-earned money I borrowed.

人生(成功没有偶然)
2019-08-29
Exposure
BlackHorse fraud platform,where the withdrawal will never be unavailable!!

The backstage approved my apply for $1400 withdrawal on the 6th ,2019,and promised to transfer into my account within three working days.But the withdrawal hasn’t been to the account yet for 3 months.While the customer service help you feedback to the related department,no reply anymore.With exposing this fraud platform,I hope you avoid being cheated!

习习
2019-07-10
Exposure
Money was withdrawn but has not yet been credited

I have withdrawn more than 37,000 dollars from February 10 to February 22 this year. Parts of them were credited in the first two months. However, from April 13th to now, my card only received RMB 5,000 once on May 14th. So far, a total of RMB100,000 has been received, and about 150,000 yuan has not been received. I call the platform customer service personnel every working day, and they always told me that the problem has been reported to the superior and would be processed as soon as possible. I send an email to the platform every day, but the platform has never replied to me. I don't know what to do now, so I decided to expose the platform, hoping that no more customers will be deceived by such a platform!

橄榄树
2019-06-01
Exposure
Fraud hedging platform,in which order can be placed during Christmas

The gold position even could be closed during Christmas while there was no time potion on the chart.The client's order was manipulated by others for no reason, and could not be found causing losses of several hundred thousand yuan.The withdrawal is slow because of channel problem. The internal staff said that the boss had no money to pay and was ready to run away.

FX9079864194
2019-01-12
Exposure
The FCA license was expired

Actually, the platform never be the appointed representative by FCA.There is fund security risk in it.I checked it and revealed them.One can see the interpretation shifted from the English version

FX6599653802
2019-01-03

  

Blackhorse 2025 Review: Everything You Need to Know

  In the ever-evolving world of forex trading, Blackhorse has emerged as a broker that raises significant concerns among potential traders. With a troubling reputation highlighted by low user ratings and numerous complaints, it is crucial to scrutinize the features, advantages, and drawbacks of this broker. This review aims to provide a comprehensive analysis of Blackhorse, considering user experiences and expert opinions.

  Note: It's important to recognize that Blackhorse operates in various jurisdictions, which may influence its regulatory status and user experiences. Therefore, the information presented here is tailored for fairness and accuracy, reflecting the broker's overall standing in the market.

  

Ratings Overview

Category Rating (Out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Experience) 4
Trustworthiness 2
User Experience 3

  How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data regarding the broker's services and offerings.

  

Broker Overview

  Founded in 2017, Blackhorse, formally known as Blackhorse Investment Services (UK) Limited, claims to operate as a forex broker based in the United Kingdom. Despite its relatively recent establishment, the broker has garnered attention for its questionable regulatory status and user complaints. Blackhorse primarily offers trading through the MetaTrader 4 (MT4) platform, a widely recognized but somewhat outdated trading interface. The broker claims to provide access to various asset classes, including forex, indices, commodities, cryptocurrencies, shares, and ETFs. However, the lack of regulatory oversight raises significant concerns about its credibility and trustworthiness.

  

Detailed Analysis

  

Regulatory Overview

  Blackhorse operates without any significant regulatory oversight, which is a critical point of concern for potential traders. According to various sources, including WikiFX, the broker previously held a license from the UK's Financial Conduct Authority (FCA), but this license has been revoked. This absence of regulation leaves traders vulnerable to potential risks, as they lack the protections typically afforded by regulated brokers.

  

Deposit and Withdrawal Options

  Blackhorse requires a minimum deposit of $200 to open an account, which is relatively standard in the industry. The broker supports several deposit methods, including wire transfers, credit/debit cards, and e-wallets. However, specific information regarding withdrawal processes, including fees and processing times, is notably absent, which could be a red flag for users seeking transparency.

  

Trading Conditions

  Blackhorse offers two types of accounts: a standard account and an ECN account. The standard account features competitive spreads starting from 0.4 pips, while the ECN account boasts raw spreads from 0 pips, albeit with commission charges based on traded volumes. The maximum leverage offered is up to 1:500 for forex pairs, which can amplify both potential gains and losses. However, the lack of clarity regarding commission rates and additional fees may leave traders uncertain about their overall trading costs.

  

Tools and Resources

  The broker's primary trading platform, MT4, is known for its stability but lacks some modern features that traders may find beneficial. While Blackhorse claims to offer access to over 10,000 trading apps in the MT4 marketplace, the quality and reliability of these apps are questionable, leading to skepticism among traders. Moreover, the mention of a potential MT5 option without further details raises concerns about the broker's commitment to providing cutting-edge trading solutions.

  

Customer Service

  Customer service at Blackhorse has received mixed reviews, with many users expressing frustration over long wait times and limited support channels. The broker provides support in Chinese and English, but the absence of live chat or a dedicated customer support portal may hinder effective communication. Users have reported difficulties in reaching customer service representatives, which can be particularly concerning during critical trading situations.

  

Conclusion

  In summary, the Blackhorse review reveals a broker that poses significant risks for potential traders. The absence of regulatory oversight, coupled with numerous user complaints and a lack of transparency regarding fees and trading conditions, paints a concerning picture. While the broker offers a range of trading instruments and competitive spreads, these advantages may not outweigh the potential dangers associated with trading with an unregulated entity.

  Traders are strongly advised to conduct thorough research and consider alternative, more reputable brokers before engaging in any trading activities with Blackhorse. The overall sentiment surrounding this broker suggests that caution is warranted, and potential users should be aware of the risks involved.

  

FAQs

  • Is Blackhorse a regulated broker?
    • No, Blackhorse operates without any significant regulatory oversight, raising concerns about transparency and client protection.
    • What is the minimum deposit required to open an account with Blackhorse?
      • The minimum deposit is $200.
      • Does Blackhorse charge commissions on trades?
        • Yes, commissions are applicable on the ECN account based on traded volumes, while the standard account has no commission charges.
        • What is the maximum leverage offered by Blackhorse?
          • The broker offers up to 1:500 leverage on forex pairs.
          • What trading platforms are available at Blackhorse?
            • Blackhorse primarily offers the MetaTrader 4 (MT4) trading platform, with limited information on a potential MT5 option.

BlackHorse review