Reading Time: 4 minutes SCAM RECOVERY

Blackrock Review – How We Uncovered Scam Broker?

Blackrock Scam Firm

Blackrock is an example of an intelligent brokerage that overtook a name of a legit financial institution that operates all around the globe – in the USA, UK, Australia, EU, and more. With this kind of a name, it’s easy to open the doors of many clients. They can simply Google Blackrock broker and find all the legit facts.

However, the truth is that is nothing but a clone firm and a fraud.

Read our honest Blackrock review and see why you should avoid this illicit operation at all costs!

Broker Status:Offshore Broker (Scam Broker)
Regulated by:Unlicensed Brokerage (No Regulation)
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:FCA (UK), CBR
Broker Owner:BlackRock Investment Management (UK) Ltd (clone firm)
Headquarters Country:UK and Mauritius (allegedly)
Foundation Year:2018
Online Trading Platforms:N/A
Mobile Trading:N/A
Minimum Deposit:$150
Crypto Assets:Available (BCH, BTC, ETH)
Available Trading Assets:Forex (FX), Commodities, Indices, Shares, Cryptocurrencies
Maximum Leverage:1:500
Islamic Account:Not Available
Free Demo Account:No
Accepts US Clients:N/A
Global Fraud Protection Team Verdict:Avoid This Scam Broker!

Blackrock Regulation and Licensing – Is the Broker Legit?

According to the Blackrock forex broker’s website, this brand is owned by BlackRock Investment Management (UK) Ltd from the UK. Also, the company has an offshore entity in Mauritius, regulated by the IFSC. It’s rather odd since IFSC is a Belize regulator.

What confuses us is the claim broker has regulations by CySEC, IFSC, FSC, but not the FCA.

  • Before we move forward, we encourage you to read our recently updated AlpsMarkets and TradedWell broker reviews.

What’s Wrong With Blackrock License and Regulation

After careful examination, we were able to answer the question is Blackrock regulated and by whom? First of all, the company is just a clone of the FCA-regulated firm, so we cannot tell where it is actually based. Knowing fraudulent companies, Mauritius seems like a legit headquarters. However, the broker doesn’t have any regulations from CySEC (the license number they listed doesn’t belong to anyone), IFSC, or the FSC.

After learning that Blackrock regulation is fake, we can say this broker is the biggest scam we’ve recently seen.

Scam Warnings Against Blackrock

As mentioned, the broker falsely represents itself as part of a UK-regulated company. Therefore, no wonder that the FCA was the first regulatory body to issue an official warning against the Blackrock scam.

Besides the FCA, we’ve received a warning from the Central Bank of Russia with the same statement.

Blackrock Trading Instruments – What Can I Trade?

Clients have at their disposal the following assets:

  • 43 currency pairs – majors and minors such as EUR/USD and ZAR/USD
  • 4 commodities – brent oil, WTI crude oil, natural gas, and gold
  • 80+ most significant world shares – Amazon, Tesla, Facebook
  • 7 biggest world indices – FTSE100, Dow Jones, DAX30
  • 7 cryptocurrencies

As you can conclude, the broker focuses mainly on currency pairs and shares, while the rest of the assets are barely present.

Blackrock Spreads, Leverage & Fees

The highest leverage Blackrock broker offers is 1:500, which is another proof this cannot be a UK-based brokerage. Also, the spread starts with 0.2 pips for EUR/USD pairs.

Fees on deposits and withdrawals are not listed anywhere. Since the broker is unregulated anyway, you should avoid depositing with such.

Blackrock Trading Accounts – Account Types

Blackrock offers 3 different account types:

  • Start
  • Optimal
  • Premium

Accounts differ by the minimum amount for a deposit, leverage, and some of the trading conditions. Blackrock’s minimum deposit for the Start account is $150, while Optimal and Premium require $1,000 and $10,000, respectively. Premium is the only account type that gives you dedicated account manager services, while with Optimal account, clients are allegedly getting deposit insurance. Of course, it’s just a trap of this fraudulent broker to make clients start with a higher amount of money.

Blackrock Trading Assets

Blackrock Scam – Don’t Put Any Money Into This Broker

As you can see, Blackrock is just a clone firm of a legit company. It has nothing to offer. Blackrock’s trading platform is not disclosed, along with fees and commissions you will have to pay. There are no terms and conditions we could go through to discover what to expect while trading with this company.

In addition to this, If you already deposited your money with Celox or Solid Invest, but cannot get it back – we can try to help you!

Withdrawal Issues – Unable to Withdraw Funds

As expected, there are a lot of withdrawal issues and complaints against Blackrock. If you fall for their scam and invest your money, let us know immediately. You need a proper refund solution fast.

Scammed by a Blackrock Broker? – Talk to Our Experts!

Finally, if you were scammed by Blackrock or any similar bogus brokerage, let us know. We are here to help you get your money back. Our support team awaits on the online chat to hear your story and connect you with experts. Once you book your free consultation, we will be able to examine the case and give you a proper money-back solution.

Stop wasting your time, and let’s get what’s rightfully yours!

Don’t Let the Scammers Go Away for Free!

FAQ Section:

What is Blackrock, and Should I Invest Money in it?

It is an online trading brokerage that falsely represents itself as part of a UK-regulated firm.

Is Blackrock regulated and licensed?

Despite its claims, this trading platform is not regulated. Rather, it’s blacklisted by the FCA and CBR.

What products does Blackrock offer?

Blackrock offers trading with currency pairs, commodities, indices, shares, and cryptocurrencies.