Blaze Markets is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
Blaze Markets accepts clients from all over the world, excluding USA, Iraq, Sudan, Syria and North Korea.
Forex broker offers the following underlying assets for trading.
|45+ Currency Pairs||Based on major and minor world currencies.|
|20+ Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Cardano, BNB, Dogecoin, Polkadot, Dash, EOS, Ethereum, Chainlink, Litecoin, Theta, Tron, Uniswap, Vechain, Namecoin, Stellat, Monero, Ripple, Tezos.|
|20+ Indice CFDs||Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.|
|7 Metal CFDs||Based on Gold, Silver, Platinum, Palladium, Aluminium, Zinc, Copper.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|7 Soft CFDs||Based on Soybean, Wheat, Cocoa, Coffee, Corn, Cotton, Sugar.|
|2 Bond CFDs||Based on US and German government securities.|
|20+ Stock CFDs||Based on shares of leading US companies.|
Established in 2022, Blaze Markets is an offshore and unregulated forex broker registered in Saint Vincent and the Grenadines. The broker serves clients in most countries except the US and certain sanctioned countries, and offers a very broad range of trading instruments.
A nice thing to note about Blaze Market is the many free trading tools it offers its clients. This includes various trading calculators, including pip, profit, and margin calculators. And for those looking for help with their trading strategies, the broker also has special tools designed to calculate pivot points in charts, as well as a Fibonacci calculator to determine relevant support and resistance zones.
In terms of trading instruments, Blaze Markets should have most traders covered, with a large range of asset classes offered. First of all, forex & CFD traders can enjoy access to more than 45 popular forex pairs, CFDs on more than 20 different stock indices, as well as CFDs on various commodities, government bonds, and stocks of major US companies.
In addition to all of the traditional assets offered, Blaze Markets also has a pretty strong offering for crypto traders, with over 20 crypto pairs available. This includes not only major coins and tokens like Bitcoin (BTC), Ethereum (ETH), and BNB, but also small-cap tokens like THETA, Namecoin (NMC), Tezos (XTZ), and many others.
All of the instruments offered by Blaze Markets can be traded on MetaTrader 4 (MT4), which is the only platform supported by this broker. As usual, MT4 is available in the standard downloadable version for Windows computers, as well as in mobile versions for Apple and Android smartphones.
There are two types of trading accounts offered by Blaze Markets; Standard and Pro. Among these, the Standard account comes with a minimum deposit of $100, spreads from 1 pip, and commission-free trading, while the Pro account comes with a minimum deposit of $250, spreads from 0 pips, and commissions of between $4 and $8.
It’s worth noting that both account types charge a commission of $0.2% for crypto trades.
In addition to the two already-mentioned account types, swap-free Islamic accounts are also available upon request.
The funding methods that are accepted by Blaze Markets include Bitcoin, credit cards like Visa and MasterCard, and bank wire transfer. For Bitcoin transfers, the minimum deposit is just $10, while $100 or more is needed to make a bank wire or credit card deposit.
To reach Blaze Markets’ customer support, clients can call its UK phone number or send an email. Unlike most other brokers, Blaze Markets does not have a live chat function with customer support available on its website, which is a bit unfortunate.
All in all, we believe Blaze Markets is a new broker that is worthy of keeping an eye on. It is perhaps especially interesting for stock and crypto traders, given the large selection of both of these asset classes. It is also great to see that the broker allows users to easily deposit funds using Bitcoin, which lowers transaction costs and improves privacy for everyone involved.
As a final note, it should be reiterated that this broker is based offshore in a country that does not regulate forex brokers. As such, it could be difficult to get the help that is needed in case something happens with the broker. As always, we advise traders to do their own due diligence before depositing money with any broker to avoid these unfortunate situations.