The site belongs to the Cypriot investment company BlackTrade500 Europe LLP, whose main office is located in Dubai, UAE. In addition, the site lists the addresses of offices in London (UK) and Zurich (Switzerland). According to the owners, the company provides brokerage services in 120 countries and has been operating since 2015. As for the domain, it was registered only in September 2023. It is worth noting that the project does not have a license, and the relevant section of the website only states that the company is moving its operations from Cyprus and the UK to Ireland and changing its name to iCapital LLP. Finally, the website interface supports 4 languages – English (by default), German, Dutch, and French.
How reliable is this platform? Is it safe to trade here? We will review the services and check the legality of this broker to draw conclusions about whether you can trust it with your money.
BlackTrade500 allows clients to open a brokerage account and start trading currency pairs, stocks, gold and other precious metals, commodities and raw materials, indices, and cryptocurrency instruments. The platform opens as a web terminal, MT5, or MT4, where you can trade Forex/CFD from PCs and mobile devices.
The company presents traders 4 trading services structured by minimum deposit size. The user gets additional features the more the higher the tariff level in BlackTrade500 he chooses. The following options are available to you:
- Executive Accounts – 5 trading plans with deposits from €10,000, €25,000, €250,000, €250,000, and €500,000; leverage from 1:10 to 1:100.
- Royal and Yacht Club – investment portfolio from €1,000,000.
- Potential Forecast Profits – 5 passive quarterly income options with annual income from $23,300 to $1,662,900.
- Premium Trading Room – thematic smart portfolios and other exclusive services.
The company offers trading rewards for active traders and personal account manager support. Withdrawal of funds takes place within 24 hours after the application is submitted. The broker has several types of commissions, for example, for account management or for performance.
BlackTrade500 gives unregistered clients access to educational materials in the “Education” section. Users can learn up-to-date information in the “Trading Room” section about what is happening in the world of finance and how the markets behave.
Would investing in BlackTrade500 offer the best returns?
You risk losing your money in CFD trading and in passive earnings on investments at very high interest rates. The cooperation will turn out to be rather significant losses for you, as even the amount of the minimum deposit at this broker is quite high, and the loss of money will significantly affect your budget.
Does BlackTrade500 carry out withdrawals?
Our analysis has shown that the broker can refuse to withdraw your funds without sufficient grounds, as its activity is not regulated in any jurisdiction. All guarantees are given solely from the words of the anonymous owners of the company. There are few reviews about the broker, and they are mostly negative. Share your comments if you have experience with this firm.
May I be scammed on blacktrade500.com?
It is possible that this is a fraudulent resource and the firm is not officially registered. The owner of the site calls the date of creation of the service 2015. However, there are no registration documents in the confirmation, and the domain of the site is quite fresh. The interface is very primitive, it is unlikely that the platform is managed by a solid investment company.
What's the best way to share my experience with BlackTrade500?
Fill out the form and we'll make sure your voice is heard.
How can I tell if blacktrade500.com is a fraudulent company?
Do your own research and never believe those who promise you easy money.