Broker Review: Blackstone500
| General Information | |
|---|---|
| Broker Name: | Blackstone500 |
| Broker Type: | Forex |
| Country: | UK |
| Operating since year: | 2008 |
| Regulation: | - |
| Address: | Prime Tower, Hardstrasse 201, 8005 Zürich, Switzerland |
| Broker status: | Active |
| Customer Service | |
| Phone: | +442036770120 |
| Email: | [email protected] |
| Languages: | English and more |
| Availability: | - |
| Trading | |
| Trading platforms: | Custom |
| Trading platform Time zone: | - |
| Demo account: | - |
| Mobile trading: | Yes |
| Web-based trading: | - |
| Bonuses: | - |
| Other trading instruments: | - |
| Account | |
| Minimum deposit ($): | 250 |
| Maximal leverage: | 1:200 |
| Spread: | N/A |
| Scalping allowed: | N/A |
BLACKSTONE500 REVIEW CONTENT:
- GENERAL INFORMATION
- FUNDS TRADING AND SECURITY
- TRADING ACCOUNTS
- THE TRADING CONDITIONS
- TRADING PLATFORM
- BLACKSTONE500’S TRADING PRODUCTS
- CUSTOMER SERVICE
- CONCLUSION
General Information
Blackstone500 is a broker that seems to think flashing a lot of information will attract traders. There’s so much clutter on their landing page that it’s difficult to find out what you should even be looking at. Looks aren’t everything, but the first impression we got was certainly sour.
We’d like to say the impression improved as we got further into our Blackstone500 review, but sadly, that’s not the case at all. The deeper we dug, the more issues we discovered, and we’d like to share those with you.
Funds Trading and Security
The primary consideration when choosing a new broker should be whether your money is safe with them or not. While that sounds intuitive, many seem to forget that advice and fall face-first into scams.
Blackstone500 is a broker that has no indications of safety. Actually, there are quite a few reasons not to trust the broker. The two biggest are the way they hide information about their services and the lack of any sort of regulatory bodies.
That’s not all, and we’ll elaborate on other reasons we consider Blackstone500 a scam further in our review.
Trading Accounts
Trading accounts follow an eerily similar formula with most scam brokers. The first signature trait is the lack of any sort of demo account. Following that is an account that requires a three-digit investment, $250 in the case of Blackstone500. The last indicator is large jumps between the pricing of account types past the first one, $3000, and $12000 here.
Considering how closely the Blackstone500 follows the formula, it’s not difficult to mark them as a scam, especially combined with all the other red flags.
Trading Conditions
The trading conditions at Blackstone500 are quite unremarkable, and nowhere near worth the price needed to get them. Some highlights include a ridiculously low 1:30 leverage rate and minimal spreads that jump from 1.3 to 1.5 when you move up to the second account type. Combined with the absence of any reliable security measures, we’re quite confident in calling the conditions unacceptable.
Trading Platform
Blackstone500 makes the same claim that every broker with a proprietary platform does. They say they’ve got the new best thing and how it revolutionizes trading, or they use other similar buzzwords. When you look at the actual functionality of the platforms, however, they’re all rehashes of one another, and much worse than more standard options. It’s just another in a long list of negatives in our Blackstone500.com review.
Blackstone500’s Trading Products
While Blackstone500’s asset section could’ve been completely fine, they’ve ruined it by separating it into common and famous instruments. That distinction only makes it more difficult to navigate while adding nothing, not to mention how arbitrary the split between common and famous is. Another irksome detail is that their asset viewer has a popup ad attached to it, just a further showing of how superficial the broker is.
Customer Service
While it’s difficult to find the phone and email you can contact Blackstone500 with, they are present. Other than that, you can fill out some automatic forms on the broker’s website to ask them a question, although that likely functions the same as an email.
Phone: +442036770120
Email: [email protected]
Conclusion
We’ve spent our entire Blackstone500 review listing negative after negative, and we still haven’t listed everything. One of the weaknesses we haven’t mentioned is that their website seems like it was written by someone with an intermediate understanding of English at best. And we could go on, but we feel like anyone that’s actually been reading already knows they should avoid Blackstone500, and just find something better.
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Support
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Platform
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Spread
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Trading Instrument
Poor broker
Poor broker performance. They are not good at all.
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Poor customer service
Poor customer service. They can not even communicate well.
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Poor customer services
Poor customer service. I always have issues contacting them. They never reply on messages, too.
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Bad withdrawal process
The withdrawal process is really very annoying. Aside from those tons of documents asked for, waiting takes longer time than usual.
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Not legit broker
They are not legit trading broker. Do not trade with them.
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Extremely worst
Extremely worst. Avoid this broker company.
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Do not allow withdrawals
I have so many regrets choosing this broker service. They are not good enough and worst they do not allow withdrawals.
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Bad withdrawal process
Withdrawal process is really very annoying. Aside from those tons of documents ask for, waiting takes longer time than usual.
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Technical problem
There are so many technical errors and glitches on their trading platform. I have used their platform for quite some time and problem is never resolve.
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Stay away from them
They only trick people to collect money. Stay away from them.
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Do not trust
Do not trust them. Bad broker services.
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Money launderer
Do not be afraid to report these goons to the authorities. They are money launderer.
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Poor broker
Poor broker performance. They are not good at all.
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Bad company
Bad trading company. They gave me hard time on withdrawals.
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Terrible business
This is a terrible business. They earn by collecting money and making people believe they lost in a trade.
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