About Us

About Us

BlackStone Futures is a financial markets spread trading company. We provide individual or corporate investors with the simplest, quickest and cheapest way to trade the markets; online or via the telephone.

We offer prices on a wide range of global instruments including:
- Forex
- Global Equities
- Commodities
- Stock Indices

FAQ

How do I open an account?
Complete the online application form. Alternatively, call 0860 111 563 or email [email protected] to arrange to have an application form mailed to you.
How much do I need to start trading?
We suggest an amount of R5 000 to give you the ability to trade on most markets but this is up to you. However, the amount required to place a trade depends on the size of the trade(s) you wish to place. Every trade has an associated initial margin (IM) requirement which is the amount of money you would be required to have in your account before the trade could be accepted. The IM is expressed as the number of points or ticks associated with each trade; for example; the FTSE 100 Index has an IM of 40 points. So, you would need to have R2 000 in your account in order to open a R10 per point trade in the FTSE.
How do I transfer funds to BlackStone Futures?
By electronic funds transfer (EFT). Bank: ABSA Account Name: BlackStone Futures (Pty) Ltd Branch Code: 632005 Account Number: 4074597221
What terms and conditions govern my trade with BlackStone Futures?
All clients accept the BlackStone Futures Standard Terms and Conditions which form part of the Customer Agreement on application for an account – it can be emailed on request.
How can I limit my risk when trading?
The most effective way to limit the amount of money that can be lost on a trade is to place a ‘stop loss’. A ‘stop loss’ can be defined in terms of the maximum number of points you are prepared to lose or the price at which you would like to ‘exit’ your trade. For example, if you ‘buy’ a share at 90 cents in R10 per point and the maximum you are prepared to lose is R100, you would place a ‘stop loss’ order to close your position if the price were to drop to 80 cents. It is important to note that in doing so you are not limiting your upside to 10 points (100 cents) i.e. placing a ‘stop loss’ on your trade only limits your potential losses. Moreover, you may move your ‘stop loss’ to protect a profit or to further reduce potential losses. So, to continue the above example, if the market price of the share moved to 97 cents you could move your ‘stop loss’ to 90 cents thereby ensuring you do not make a loss. This is known as a ‘trailing stop loss’.
What is the difference between a Stop Loss order and a Guaranteed Stop Loss order?
A normal Stop Loss order is effective in an ‘orderly’ market i.e. when the price at which you placed the stop loss is available and may be placed without charge. However, financial markets will ‘gap’ occasionally meaning that the market can move between 2 levels without trading at any point in between those levels. If your stop loss point is within those levels then you will not be stopped out at that point but rather at the next point at which the market trades i.e. the level below your stop loss. Gapping can occur when there is an unexpected announcement or event. A Guaranteed Stop Loss order will take effect regardless of whether the market trades at the price you stipulate or not. The associated cost is typically 1% of the value of the underlying position also known as the nominal value – in the above example the nominal value of a R10 buy of a share at 90 cents is R900 (R10 per cent x 90 cents) meaning that the cost of placing a Guaranteed Stop Loss would be R9.
What is the difference between a ‘Rolling Spread Trade’ and a ‘Quarterly Spread Trade’?
A ‘Rolling’ trade ‘rolls’ over every day into the following day’s ledger unless it is closed either by the client or in exceptional instances by BlackStone Futures e.g. where the client fails to meet a margin call. A slight adjustment is made to the ‘entry price’ for every day that the trade is open to take account of the funding (leverage) charges. ‘Rolling’ trades are popular with short term investors who anticipate keeping the trade open for less than one month. A ‘Quarterly’ trade ‘settles’ automatically at the end of the quarter and the settlement date usually coincides with settlement dates in the futures markets. It can be closed at any time before the settlement date either by the client of by BlackStone Futures.
Does BlackStone Futures offer any advice or when to buy or sell?
No, we provide an ‘execution only’ service and may not advise a client as to the course of action he or she should take. We are always happy to explain how each market operates and factual information about the product.
How does BlackStone Futures make money?
It generates income from the ‘spread’ which is the difference between the price at which clients ‘buy’ and ‘sell’. For example if a share price is quoted at 72-74 cents the difference between where a client may ‘buy’ at 74 and ‘sell’ at 72 is 2 points. Hence, if client A were to buy R50 at 74 and client B were to sell R50 at 72 BlackStone Futures would generate an income of R100 (2 x R50).
Is it possible to have both a long and a short position open in the same market?
Yes, if you press the ‘hedge’ button when placing the latter trade. Should you not press the ‘hedge’ button the system will assume that you wish to close out the existing position(s) and will do so on a first-in first-out (FIFO) basis.
Where can I find information relating to an individual market?
The individual aspects of any market can be found by clicking on the ‘i’ button next to the trade buttons on the trading platform.