Score

1.58 /10
Danger

BlackPearlFX

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.57

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

BlackPearl Securities Limited

Company Abbreviation

BlackPearlFX

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2025-02-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

BlackPearlFX · Company summary

Note: BlackPearlFX's official website: https://www.blackwh01.com/ is currently inaccessible normally.

BlackPearlFXReview Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationFCA (Suspicious clone)
Market Instruments60 Currency Pairs (up to 100 Currency Pairs via FIX API), CFDs on Indices, commodities, and precious metals
Demo Account/
LeverageUp to 1:500
SpreadFrom 0.6 pips (Pro account)
From 0 pips (Prime account)
Trading PlatformMT4
Min Deposit$100
Customer SupportPhone: 4006055850
Email: m17080897033@163.com
QQ: 349591251, 799831320, 1248604050

BlackPearlFX was founded in the United Kingdom. It offers many trading assets, including 60 Currency Pairs (up to 100 Currency Pairs via FIX API), CFDs on Indices, commodities, and precious metals with leverage up to 1:500. However, the FCA-regulation is a suspicious clone.

Pros and Cons

Pros Cons
Various trading assetsSuspicious regulation
High leverageHigh minimum deposit
Tight spreads
Popular trading platform MT4

Is BlackPearlFX Legit?

Regulatory Status Suspicious Clone
Regulated by Financial Conduct Authority (FCA)
Licensed Institution Black Pearl Securities Limited
Licensed TypeStraight Through Processing (STP)
Licensed Number688456

BlackPearlFX's regulation is a suspicious clone. Its email address and website are different from the license. Even the address of licensed institution is not offered by BlackPearlFX.

Is BlackPearlFX Legit?

What Can I Trade on BlackPearlFX?

Tradable Instruments Supported
Currency Pairs
Indices
Commodities
Precious metals
Energies
Stocks
Cryptocurrencies
Bonds
Options
ETFs

Account Type

BlackPearlFX offers two account types: PRO and Prime.

Account TypeMinimum DepositMinimum Trade Size
Pro (STP)$1000.01 (micro lot)
Prime (ECN)$10 000

Leverage

BlackPearlFX's leverage varies by the account types. The Prime account's leverage is 1:100. And the Pro account is 1:500. High leverage always comes with high returns and high losses.

Spreads and Commissions

The Pro account of BlackPearlFX starts from 0.6 pips, and the Prime account starts from 0 pips. Besides, the Prime account also has $3 commission per side per 100k trade, and the Pro account's commission is free of charge.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4Desktop, Mobile, WebBeginners
MT5/Experienced traders

Deposit and Withdrawal

BlackPearlFX can deposit and withdraw via bank wire, Skrill, Neteller and UnionPay.

User Reviews

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User comment

2

Comments

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贾 93857
more than one year
No wonder their name is Black, they are a bunch of black-hearted people. Guys, we should have expected that they were not reliable brokers. The FCA license is not legal at all and is most likely a clone. Now they've gone into hiding and shut down their websites. No one can get in touch with them anymore.
No wonder their name is Black, they are a bunch of black-hearted people. Guys, we should have expected that they were not reliable brokers. The FCA license is not legal at all and is most likely a clone. Now they've gone into hiding and shut down their websites. No one can get in touch with them anymore.
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2023-03-20 16:26
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清柠
more than one year
This company can't be trusted. I wanted my deposit to be refunded back and close the account. Sent many emails. Took them ages to reply, and they withdrew the funds. The account was not closed but now has zero balance but I still haven't received either a confirmation email or the money.
This company can't be trusted. I wanted my deposit to be refunded back and close the account. Sent many emails. Took them ages to reply, and they withdrew the funds. The account was not closed but now has zero balance but I still haven't received either a confirmation email or the money.
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2023-03-03 15:10
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