In the fast-paced world of forex trading, choosing the right broker is crucial. FxPro and Blackstone Futures are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between FxPro and Blackstone Futures across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated FxPro and Blackstone Futures, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, FxPro earned a higher trust rating than Blackstone Futures.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that Blackstone Futures has overall lower trading costs than FxPro.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Blackstone Futures and FxPro offer copy trading.
A broader range of CFD instruments provides more trading opportunities. FxPro offers a greater variety of instruments compared to Blackstone Futures:
For those interested in trading cryptocurrencies, FxPro offers 30 cryptocurrencies, while Blackstone Futures offers 10 cryptocurrencies. Therefore, FxPro is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither Blackstone Futures nor FxPro charges a withdrawal fee. Overall, FxPro has better deposit and withdrawal processes than Blackstone Futures.Â
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.Â
Blackstone Futures and FxPro both have moderate educational support. Both Blackstone Futures and FxPro offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that Blackstone Futures offers better research analysis than FxPro and that both Blackstone Futures and FxPro offer frequent webinars.
FxPro is a well-regulated broker with a wide range of accounts, reasonable minimum deposits, and an excellent selection of trading platforms. Filipino traders should be aware that they will be onboarded through FxPro’s Bahamas-based entity, meaning traders have few legal rights in the event of a dispute with the company.Â
Other issues we found with FxPro are that its trading costs are generally much higher than other brokers and its education and market analysis are limited. But we were impressed with how easy-to-use FxPro’s mobile trading app was and the quality of customer support we received. Support is available in a range of languages, 24 hours a day, seven days a week.
Founded in 2009, Blackstone Futures is a well-regulated South African broker with an attractive ZAR Account and strong educational support that appeals to beginner traders.
The trading account at Blackstone Futures accommodates beginner South African traders with a minimum deposit of 1,000 ZAR, low trading costs with spreads starting at 0.6 pips (EUR/USD), and an optional ZAR wallet. This account allows clients to make smaller trades, and while the number of financial assets may seem more limited than with other international brokers, this should not restrict the trading of any serious beginner.
Beginner traders receive strong educational support, including weekly webinars and in-person seminars around South Africa, in addition to customer service available on weekends. Blackstone also supports beginners by reducing leverage to 1:100, which will increase to 1:400 once the client has a track record of responsible trading.
For more detailed reviews, please read our comprehensive assessments of FxPro and Blackstone Futures.
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Broker | Countries Regulated | Minimum Spread EUR/USD | Minimum Deposit | Trading cost/lot EURUSD Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission. | Broker Score | Broker Website | Select and Compare |
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0 pips | AUD 0 | USD 4.50 | |||||
0.10 pips | USD 3 | USD 7 | |||||
0 pips | USD 0 | USD 10 | |||||
0.10 pips | USD 200 | USD 8 | |||||
0.70 pips | USD 10 | USD 17 | |||||
0.90 pips | USD 100 | USD 9 | |||||
0.60 pips | USD 5 | USD 6 | |||||
0 pips | USD 0 | USD 10 | |||||
0.70 pips | USD 5 | USD 7 | |||||
0 pips | USD 100 | USD 6 |
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.