Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Blaze Markets

Saint Vincent and the Grenadines|2-5 years|
White label MT4|High potential risk|

https://blazemarkets.com

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

BlazeMarkets-DEMO

France
MT4
2

Influence

C

Influence index NO.1

Germany 4.87

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
BlazeMarkets-DEMO MT4
Server Location France

Influence

Influence

C

Influence index NO.1

Germany 4.87

Surpassed 67.81% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 646-873-6888
support@blazemarkets.com
https://blazemarkets.com
Suite 305, Griffith Corporate Centre,Beachmont, P.O.Box 1510, Kingstown, Saint Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

English

+1 646-873-6888

Other ways of contact

Broker Information

More

Company Name

Blaze Markets Limited

Abbreviation

Blaze Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-07-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Blaze Markets · WikiFX Survey

Users who viewed Blaze Markets also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

KCM Trade

7.75
Score
5-10 yearsStraight Through Processing(STP)MT4 Full License
Official website

Ec Markets

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

J.P. Morgan

7.47
Score
Above 20 yearsRegulated in Hong KongDealing in futures contractsSelf-developed
Official website

Blaze Markets · Company Summary

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 contained in this article is for general information purposes only.

General Information

Blaze Markets Review Summary in 10 Points
Founded 2020
Registered Country/Region Saint Vincent and the Grenadines
Regulation No license
Market Instruments Forex , Metals , Indices , Crypto
Demo Account Available
Leverage 1:200
EUR/USD Spread From 1 pip
Trading Platforms MT4
Minimum deposit $10 (Bitcoin)
Customer Support 24/5 phone, email

What is Blaze Markets?

Registered in 2020, Blaze Markets is a forex and CFD broker registered in Saint Vincent and the Grenadines and has an operational address in Florida, USA. Blaze Markets gives the clients access to a vast global financial market including forex, metals, indices, and cryptocurrencies, two different types of trading accounts and leverage up to 1:200. The broker is known for its use of the MetaTrader 4 (MT4) trading platform and provides traders with access to various trading tools.

When it comes to regulatory licenses, Blaze Markets, which is run by Blaze Markets Limited and based in Saint Vincent and the Grenadines, is completely devoid. Take into account the potential danger.

Blaze Markets' home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Blaze Markets offers a range of trading instruments, competitive spreads and commissions, as well as the industry-leading MT4 trading platform. They also provide various trading tools to support their clients.

However, Blaze Markets is not regulated by any reputable financial authority, which raises concerns about their credibility and safety. Overall, traders should approach Blaze Markets with caution and conduct thorough research before opening an account.

Pros Cons
• Wide range of trading instruments • No valid regulatory license
• Segregated bank accounts • Clients from the U.S., Iraq, Sudan, Syria and North Korea are not accepted
• Low minimum deposit requirement • Limited funding options
• MT4 trading platform on multiple devices • Limited educational resources
• Multiple trading calculators
• Responsive customer support available through multiple channels

Blaze Markets Alternative Brokers

    There are many alternative brokers to Blaze Markets depending on the specific needs and preferences of the trader. Some popular options include:

    • ETFinance - Offers a wide range of trading instruments and a user-friendly platform, but has high fees and limited regulation.

    • ForexChief - Provides competitive spreads and a variety of account types, but its regulatory status is unclear and customer support is limited.

    • ForexMart - Offers a wide selection of trading instruments, low spreads, and a variety of account types, but its regulatory status is unclear and customer support can be slow.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Blaze Markets Safe or Scam?

Blaze Markets says to offer segregated bank accounts. However, the fact that Blaze Markets does not hold a valid regulatory license raises concerns about the legitimacy and safety of the broker. Segregated bank accounts are a common practice in the industry, but they do not guarantee the safety of funds if the broker itself is not reputable or regulated. Therefore, it's recommended to exercise caution and conduct thorough research before considering Blaze Markets as a potential trading platform.

Market Instruments

Blaze Markets offers 120+ trading instruments including forex, CFDs and cryptocurrencies. Clients on the Standard account can trade with forex, metals and indices, while clients on the ECN account can trade with forex, metals, indices and cryptocurrencies.

Market Instruments

Accounts

There are two types of trading accounts to choose from: Standard and Pro. For a basic account, you'll need to put in $100, while Pro account users need to put in $250 to get started. Free demo accounts are also available. If you need a swap free account, please write to support@blazemarkets.com.

Account Types

Leverage

When it comes to leverage, Blaze Markets provides its customers with access to 1:200, which is far greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can be both beneficial and risky for traders, and it's up to individual traders to decide how much leverage they want to use in their trades. However, traders with less experience and knowledge should be cautious when using high leverage as it can result in significant losses. If you're just starting out in the trading world, it's best to stick with the lower size (no more than a 1:10).

Spreads & Commissions

Blaze Markets has variable spreads and commissions, with the exact amount depending on the type of account and trading instrument. The Standard account has a starting spread of 1 pip but no commission, while the Pro account has a starting spread of 0.0 pips and a commission of $4 per lot.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Blaze Markets 1.0 pip $0 on Standard account, $4/lot on Pro account
ETFinance 0.7 pips No commission
ForexChief 0.4 pips $15/lot
ForexMart 0.5 pips No commission

Note that the information in this table is subject to change and may vary based on account type and market conditions. It's always a good idea to check with the broker directly for the most up-to-date information on spreads and commissions.

In addition, overnight fees are an extra trading expense that traders who intend to hold positions overnight should constantly take into account. Traders should always check the relevant information before opening a position.

Trading Platforms

Blaze Markets offers the popular MetaTrader 4 (MT4) trading platform to its clients, which is known for its advanced charting tools, customizable interface, and automated trading features. The platform is available for download on Windows, Android, and iOS devices, allowing traders to access their accounts and trade on-the-go from anywhere with an internet connection.

MT4

The MT4 platform also supports a wide range of technical analysis indicators and expert advisors (EAs) for automated trading strategies, making it a versatile and powerful tool for traders of all experience levels.

Overall, Blaze Markets' MT4 platform provides a reliable and intuitive trading experience with a variety of advanced features and tools to help traders make informed decisions.

See the trading platform comparison table below:

Broker Trading Platforms
Blaze Markets MT4
ETFinance WebTrader, MT4
ForexChief MT4
ForexMart MT4

Trading Tools

Some trading tools are provided to smooth your trading journey here apart from trading platform. These trading tools mainly include Calculators including Pip Calculator, Margin Calculator, Profit Calculator, Pivot Calculator and Fibonacci Calculator, Forex Market Hours, Heat Map Analysis, Economic Calendar, as well as Market Overview & Data. These tools can help traders to make informed decisions and manage their trades effectively.

Trading Tools

Deposits & Withdrawals

The funding options provided by Blaze Markets are relatively limited compared to other brokers in the industry. The minimum deposit required varies depending on different payment methods.

    Three types of funding options are as follows:

    • Bitcoin: minimum deposit of $10

    • Bank Wire/Credit Cards: minimum deposit of $100

Deposits & Withdrawals

Blaze Markets minimum deposit vs other brokers

Blaze Markets Most other
Minimum Deposit $10 (Bitcoin) $100

See the fee comparison table below:

Broker Deposit Fee Withdrawal Fee
Blaze Markets N/A N/A
ETFinance Free Free
ForexChief Free 1% (min. $1, max. $50)
ForexMart Free Free

Customer Service

    If you have any inquiries or trading-related issues, you can reach this broker 24/5 through the following contact channels:

    • Telephone: +1-646-873-6888

    • Email: support@blazemarkets.com

    • Request a callback

    • Registered Address: Suite 305, Griffith Corporate Centre,Beachmont, P.O.Box 1510, Kingstown, Saint Vincent and the Grenadines

    • Operational Address: 301 , W Atlantic Avenue , #05 , Delray Beach , Florida , USA

    • Or you can also follow this broker on some social networks including Twitter, Facebook, Linkedin and Instagram.

Customer Service

Overall, Blaze Markets' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros Cons
• Multiple contact channels • No live chat support available
• Active on various social media platforms for customer engagement and support • No 24/7 customer support available
• Supports multiple languages

Note that these pros and cons are based on customer feedback and reviews and may not necessarily reflect the experience of all customers.

Conclusion

As a whole, Blaze Markets is an offshore broker that offers trading services in forex, CFDs, and cryptocurrencies. While they provide a wide range of trading instruments and leverage up to 1:200, as well as the popular MT4 platform and various trading tools, their lack of valid regulatory licenses raises concerns about the safety of client funds. The trading fees are relatively low, but the overnight swap fees may add up to significant costs. Overall, traders should carefully consider the risks and benefits before choosing to trade with Blaze Markets.

Frequently Asked Questions (FAQs)

Q 1: Is Blaze Markets regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: At Blaze Markets, are there any regional restrictions for traders?
A 2: Yes. Blaze Markets does not accept clients from the U.S., Iraq, Sudan, Syria and North Korea.
Q 3: Does Blaze Markets offer demo accounts?
A 3: Yes.
Q 4: Does Blaze Markets offer the industry-standard MT4 & MT5?
A 4: Yes. It supports MT4.
Q 5: What is the minimum deposit for Blaze Markets?
A 5: The minimum initial deposit to open an account is $10 (Bitcoin).
Q 6: Is Blaze Markets a good broker for beginners?
A 6: No. It is not a good choice for beginners. Though it advertises well, the lack of regulatory license is a red flag.

Review 18

18 Comments
Write a comment
All(18) Latest Positive(11) Neutral(1) Exposure(6)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com