Blackridge Capital Management Ltd Review – Fake Reviews Exposed
This trading brand looks to be legitimately registered in Saint Vincent and the Grenadines. Due to the country’s anonymity when it comes to finances, it’s a perfect spot for shady companies to register there.
After all, that’s why the Financial Services Authority (FSA) is not issuing trading licenses anymore. With this in mind, you know there must be some issues. But we’ll reveal them all in this Blackridge Capital Management Ltd review.
|Is This Company Safe?
|Have Warnings From:
|Saint Vincent and the Grenadines
|Web trader, MT4
|Cryptos, forex, indices, shares, commodities
|Free Demo Account:
|How To Withdraw From This Company?
|Even though reviews might appear legitimate, CONSOB has exposed this company as a fraud. Therefore, you can’t believe in any withdrawals. In case, you tried to withdraw the money and couldn’t, contact us immediately for a refund consultation.
Legal Info: Is Blackridge Capital Management Ltd Legit Or A Scam?
One of the first irregularities with this company is claiming to be awarded as “Best Forex Broker 2017”. Thus, they were registered in SVG in 2018. On top of that, the company claims to keep funds in segregated bank accounts and to provide negative balance protection.
Even though this might be true, it’s highly questionable since the company is not licensed by any institution, starting with the FCA, ASIC and BaFin. But the research brought something good. That’s a warning from Italian CONSOB against this scam brokerage.
Who Are Blackridge Capital Management Ltd’s Victims?
With a warning released, it’s quite easy to understand all Blackridge Capital Management Ltd reviews are fake. You will realize why in a moment. But first, we have to clarify what countries are targeted the most. Those are:
- United Kingdom
- United Arab Emirates
In any case, wherever you are coming from, you have the right to get your funds back. To get started with the process, you just have to send us a message.
As can be seen, the Blackridge Capital Management Ltd broker is manipulating its reviews on Trustpilot. According to those 62 available, almost 90% of customers are satisfied with its services. Then, how do we have a warning against the company?
So, if you experience any support or withdrawal issues that are expected, feel free to contact us for advice. Our team is available for consultation; the first one is free.
Leverage, Commissions, Spreads, Fees, and Taxes
Generally, Blackridge Capital Management Ltd trading firm has quite attractive conditions. With commissions of $5 per lot for the Raw account included and $3.5 for commodities in the Standard account, these are quite fair. Thus, without regulations, these are subject to change without prior notice to clients. Bear that in mind.
Still, the most questionable condition is the leverage of 1:500. That’s something that can easily wipe your balance off. So, be careful with it. But also, check our Economy Pair review and see what other tricks you should avoid.
The company’s legal documentation is not currently available. Therefore, checking for a bonus policy might be an issue. Still, if you get any bonus offer deals, make sure to check the policy first. With scam firms, it will usually contain a clause preventing traders from withdrawing their funds.
Blackridge Capital Management Ltd Trading Features
With automated trading options, EAs, and all of the features available with the company’s platform, traders can’t complain. Thus, all those features become meaningless if you can’t withdraw your profits. That’s why Tier 1 regulation plays a key role.
Trading Platforms Available
As mentioned, the Blackridge Capital Management Ltd MT4 platform makes a huge difference. At least, traders can forget about platform manipulation in this case. But this broker is a perfect example of how a trading platform can’t make a broker reliable. Otherwise, a warning from CONSOB wouldn’t be released.
Available Trading Assets
Tradeable assets with this company are practically the ones you could find with most Tier 1 licensed firms. So, the only difference is the reliability aspect. In any case, the options are:
- Forex – USD/JPY, AUD/SGD
- Commodities – platinum, silver
- Shares – IBM, GMC
- Cryptos – ETH, LTC
- Indices – NASDAQ, ASX200
The Blackridge Capital Management Ltd Forex accounts are divided by the spread traders are getting. Thus, the minimum deposit requirements are not disclosed for any of these. Anyway, you can choose between:
- Standard – Variable spread from 1.8 pips / %0 commissions
- Professional – Variable floating spread from 0.1 pips / %0 commissions
- Raw – Fixed spread from 0.4 pips / $5 commissions per lot
Mobile Trading App
The mobile trading app is a standard feature of the MT4 platform. Therefore, the trading journey with this brokerage would be quite solid. Yet, when you get to the withdrawal point, things might get worse. But to learn how to avoid that, read our Dynasty of Cryptos review.
Another positive side of this company is the demo account availability. Therefore, before you even deposit any funds, you can test all of the platform features. But keep in mind not to fall for some aggressive sale offers or urgent market opportunities. These will come again anyway.
From educational resources and tools, the company only provides an economic calendar. Therefore, if you are looking for one-on-one sessions and webinars, you’ll have to look elsewhere.
Blackridge Capital Management Ltd Withdrawal
The maximum withdrawal processing time for some payment methods is up to 2 business days. Which is quite good compared to other scam brokerages. If you are wondering about fees, you can expect a 2.5% withdrawal fee for all Swift transfers and SEPA transfers above $5.000-$10.000.
Crypto transfers appear as the most favorable option, with a 5 USDT fee per transaction. But that’s the idea. The most expensive options are cards with 10% withdrawal fees.
One of the interesting things about this brokerage is Skype’s availability as the contact option. Besides, traders can try reaching them out via phone, e-mail, and web contact forms. Yet, traders reported quite unresponsive support centers even though the company claims to work 24/5.
Key Information To Consider About Blackridge Capital Management Ltd
The first thing to consider is missing Blackridge Capital Management Ltd’s regulation. Without it, nothing else matters. In addition to that, there’s a warning from a trusted regulator – CONSOB. All in all, too many warning signs telling you that this company should be avoided.
In case you trusted them for some reason, it’s not the end of the world. We understand your pain while having funds stuck and your hands tied. But if you contact our refund team, you might find a solution to the problem. Therefore, contact us now.
What is Blackridge Capital Management Ltd?
Blackridge Capital Management Ltd is an FX and CFD trading company operating from Saint Vincent and Grenadines since 2018.
Is Blackridge Capital Management Ltd a Legit Broker?
No. The company is not licensed by any trusted authority. Moreover, there is a warning published against the firm.
How to Withdraw Money From an Online Scam?
When standard withdrawal is not possible, traders usually apply for a chargeback if available or other refund options. To find out what’s your next step, contact us today.