Blackcore-Overview of Minimum Deposit, Spreads & Leverage

Note: Blackcore's official website: https://blackcorerb.com/is currently inaccessible normally.

Blackcore Information

Blackcore, based in Mauritius, operates as an unregulated brokerage offering a range of live account types and over 450 trading assets. The platform supports deposits via bank transfer, MasterCard, or Visa. Despite its broad asset selection and multiple deposit options, there have been reports on various platforms about issues such as withdrawal difficulties, scams, and significant slippage.

Pros & Cons

Pros:

Wide Range of Assets: Blackcore offers a diverse selection of over 450 trading assets, which includes cryptocurrencies. This variety allows traders to diversify their portfolios and explore different investment opportunities.

Multiple Account Types: The platform provides five distinct live account options, catering to traders of various experience levels and trading preferences.

MT4 Platform Provided: Blackcore supports trading through the popular MT4 platform, known for its advanced charting tools, technical indicators, and automated trading capabilities.

Cons:

Unregulated Status: Blackcore operates as an unregulated brokerage in Mauritius. This lack of regulatory oversight may raise concerns among traders about investor protection and transparency compared to regulated brokers.

Reports of Issues: There have been reports on external platforms about issues such as withdrawal difficulties, which could potentially affect the trading experience and client trust.

Inaccessible Website: Some users have reported difficulties accessing Blackcores website. This could pose challenges in terms of account management, accessing information, and executing trades smoothly.

Is Blackcore Legit？

Blackcore currently operates without any valid regulatory oversight, meaning there is no government or financial authority monitoring their activities. This lack of regulation significantly elevates the risks involved in investing with them, as there are no guarantees for investor protection or security of funds.

Additionally, the lack of accessibility to Blackcore's official website gives rise to doubts about the reliability and transparency of their trading platform. An inaccessible website can hinder potential clients from obtaining crucial information about the companys services, fees, and trading conditions, which is essential for making informed investment decisions. These issues—combined with the absence of regulatory oversight—contribute to an overall heightened risk profile for investors considering Blackcore.

Market Instruments

Blackcore promotes a c selection of over 450 assets available for trading, encompassing cryptocurrencies among other options, exclusively accessible to holders of Pro Black and Master accounts.

Account Types

Blackcore offers five live account types including Blackcore, namely Basic-Academy, Pro, Pro Black, Master and Family.

Basic-Academy Account: Tailored for novice traders or those learning the ropes. It typically includes basic features, educational resources, and lower trading costs.

Pro Account: Suitable for traders with some experience, offering advanced trading tools, tighter spreads, higher leverage, and additional analytical resources.

Pro Black Account: Designed for seasoned traders and professionals, providing premium trading conditions such as lower spreads, enhanced platforms, priority support, and exclusive market analysis.

Master Account: Geared towards advanced traders and high-volume investors, featuring the tightest spreads, highest leverage levels, dedicated account managers, and bespoke trading solutions.

Family Account: A unique offering allowing multiple account holders (such as family members or partners) to trade under a single consolidated account. It facilitates shared resources, fund transfers, and coordinated trading strategies.

Leverage

Blackcore offers a maximum leverage of 1:100 to its clients, which allows traders to potentially amplify their market exposure beyond their initial investment. Leverage essentially enables traders to control a larger position size with a smaller amount of capital, which can enhance potential profits during favorable market movements.

However, while leverage can magnify gains, it also significantly increases the level of risk. With a 1:100 leverage ratio, traders are exposed to the possibility of substantial losses if the market moves against their positions. This heightened risk arises because losses are calculated based on the total leveraged amount rather than just the initial capital invested.

Trading Platform

Blackcore offers its clients the popular MetaTrader 4 (MT4) trading platform, known for its robust features and user-friendly interface. MT4 is widely regarded in the financial industry for its comprehensive tools.

The platform provides advanced charting capabilities, allowing users to analyze market trends with a wide range of technical indicators and charting tools. This enables traders to make informed decisions based on detailed market data and historical price movements.

Furthermore, MT4 is compatible with various devices, including desktops, smartphones, and tablets, ensuring traders can access their accounts and monitor positions from anywhere with an internet connection. This flexibility enhances the platform's accessibility and convenience for active traders.

Deposits & Withdrawals

Clients can choose to deposit money via bank transfer, MasterCard, or Visa.

Bank transfers are a widely used method, allowing clients to directly transfer funds from their bank accounts to their trading accounts with Blackcore. This method is preferred by many due to its security and familiarity.

In addition to bank transfers, Blackcore accepts deposits via major credit cards such as MasterCard and Visa. This option provides convenience for clients who prefer to use their credit cards for financial transactions, offering a swift and straightforward way to fund their trading activities.

Negative Blackcore Reviews on WikiFX

On our website, you can see that reports of unable to withdraw, scams and severe slippage. Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Customer Service

Customers can get in touch with customer service line using the information provided below:

Telephone: +44 2080028711 / +507 66468716

Email: compliance@blackcorerb.com, sales@blackcorerb.com

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, and Instagram.

Conclusion

Blackcore offers a wide range of trading assets and multiple account types. The flexibility in deposit methods and support for the MT4 platform further enhance its attractiveness. However, users should consider the risks associated with Blackcore being an unregulated brokerage, as well as reported issues such as withdrawal difficulties and an occasionally inaccessible website.

Frequently Asked Questions (FAQs)

Is Blackcore regulated by any financial authority？

No. It has been verified that this broker currently has no valid regulation.

How can I contact Blackcore？

You can contact via phone: +44 2080028711 / +507 66468716, or email: compliance@blackcorerb.com and sales@blackcorerb.com. You can also follow them on some social media: Twitter, Facebook, and Instagram.

What platform does Blackcore offer？

MT4.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.