The website www.blackwellglobal.co.uk is owned and operated by Blackwell Global Investments (UK) Limited, which is authorized and regulated by the Financial Conduct Authority (FCA) under register number 687576. There is another website, blackwellglobal.com, which is operated by Blackwell Global Investments Limited. This company is authorized and regulated by the Securities Commission of The Bahamas with certificate number SIA-F215 and TIN 109226376. When you enter the global website, you need to choose which entity you will deal with.
Blackwell Global was founded in 2010 and presents itself as engaged to being the most trusted financial service provider. The company offers clients the ability to trade CFDs on forex, indices, cryptocurrencies, and commodities. Company funds and client funds are fully segregated and Blackwell Global holds client funds with globally recognized banks such as Barclays, it claims.
Blackwell Global offers 80 instruments for trading distributed as currency pairs (48), commodities (4), indices (12), and cryptocurrencies (16). The average spread depends on the account type and for the EUR/USD pair starts at 0.1 pips (ECN account) and 1.5 pips (Standard account). Customers can trade through one of the highly praised platforms in the industry – MetaTrader 4 (MT4). It offers an advanced charting package, better speed of order execution and the ability of automated trading. It allows users to trade with custom strategies and automated trading systems through the Expert Advisors.
Capital.com offers mainly two accounts – ECN and Standard. They differ mainly in the spread offered. No minimum deposit is required in both accounts. The spread for the EUR/USD pair is close to zero in the ECN account and starts from 1.5 pips in the Standard account. The maximum leverage complies with the ESMA requirements, and it is 1:30 for major currency pairs.
Customers can make their deposits by card (Visa or Mastercard), bank transfer, and e-wallets (Neteller and Skrill). The company does not charge fees when you deposit or withdraw. However, you must pay all fees charged by banks and payment providers. The minimum withdrawal amount is USD100 when using a bank transaction.
In general, the company does not guarantee that a transaction will be opened/ closed, nor does the company guarantee that if opened or closed, it will be done at the client’s specified stop level or limit. This means that all types of client’s orders are subject to slippage and can be executed at a worse price compared to the initially set. Slippage usually occurs when the market is volatile and there is a price gap.
The “Best Execution Policy” file shows that Blackwell Global Investments (UK) Limited acts as a Straight Through Processing (STP) broker and all the client’s positions are transferred for execution to one of the three execution venues. They include Divisa Capital, Sucden Financials and Blackwell Global Investments Limited. As you can see, the other company from the family – Blackwell Global Investments Limited, which is regulated by the Securities Commission of The Bahamas acts as a market maker. This leads to a conflict of interest, which the company acknowledges in the same document: ” In the course of business, your order may be routed to a venue in which the company has a material interest, namely Blackwell Global Investments Limited.” Moreover, the “Terms of Business” document shows that the company shall act as principal and the sole execution venue for any orders placed by the client. This means that Blackwell Global Investments (UK) Limited may transmit your orders at its discretion and may act as a market maker and the sole execution venue. There is protection against a negative balance, so customers cannot owe money to this broker.
As a conclusion, Blackwell Global Investments (UK) Limited is an FCA-regulated company that provides four different classes of assets including cryptocurrencies. You can trade them through the well-known MetaTrader 4 platform. Blackwell Global Investments (UK) Limited usually acts as a matched principal and uses the STP model. However, customer deals may be processed by a subsidiary, which leads to a conflict of interest. You can start trading by investing as much as you would like.