Black Stallion

Black Stallion is a forex and CFD broker established on June 15, 2023, and registered in Iraq. The company lists its registered address as 3rd floor, building 3, 109 Handren, 35 Harem Street, Sulaymaniyah, Iraq. It operates the website blackstallionfx.com and maintains a presence on social media platforms Facebook and Twitter/X.

As a relatively new entrant in the financial services industry, Black Stallion targets retail traders interested in online trading. However, due to the limited publicly available information, comprehensive details about its operations and product offerings are scarce. This profile is based solely on the known facts from regulatory or registry records.

Black Stallion was founded in mid-2023, making it a young and relatively untested broker. Its registration in Iraq places it under the jurisdiction of Iraqi law, but the country does not have a dedicated financial regulator for forex brokers. The company's address in Sulaymaniyah is a commercial building in the city's business district.

There is no evidence of the broker holding any license from a recognized financial authority. This lack of regulatory oversight is a significant factor for traders to consider. The broker's social media activity may provide some insight into its marketing approach, but it does not substitute for a regulated status.

Our records indicate that Black Stallion has no regulatory licenses from any known authorities. Unregulated brokers carry inherent risks, including the absence of investor protection schemes, dispute resolution mechanisms, or oversight of operational practices. Traders should be aware that in the event of a dispute, there may be limited recourse.

The FXCanary Scam Risk Score for Black Stallion is 49 out of 100, which is classified as 'Guarded'. This score reflects the risks associated with trading with an unregulated broker, particularly one that has very limited public track record or independent reviews.

Specific details about Black Stallion's trading instruments, platforms, and account types are not available in independent public sources. The broker's name and domain suggest a focus on forex and contracts for difference (CFDs), but without direct access to its website, we cannot confirm the range of assets, leverage offerings, or trading conditions.

Typically, brokers with similar branding offer major, minor, and exotic forex pairs, as well as CFDs on indices, commodities, and cryptocurrencies. However, due to the lack of verifiable information, traders should exercise caution and seek details directly from the broker before committing funds.

Information regarding account types, minimum deposits, spreads, commissions, or other fees is not publicly available for Black Stallion. Most regulated brokers provide this information transparently, but the absence here is noteworthy.

Potential clients are advised to request a comprehensive schedule of fees and account features directly from the broker. Without this data, it is impossible to compare Black Stallion's offerings with established brokers or assess the true cost of trading.

There are no verified details about the payment methods accepted by Black Stallion, including bank transfers, credit/debit cards, or e-wallets. Similarly, the broker's policy on withdrawal processing times and any associated fees remains unknown.

Unregulated brokers sometimes impose restrictive withdrawal policies, so traders should exercise caution and conduct thorough due diligence before depositing funds. It is advisable to test the broker's withdrawal process with a small amount initially.

Black Stallion is a newly established, unregulated forex broker based in Iraq with limited publicly available information. While the lack of regulation and track record does not automatically imply misuse, it elevates the risk profile considerably. Traders considering this broker should proceed with extreme caution.

Given the scarcity of independent data, it is challenging to form a complete assessment. The broker's 'Guarded' risk score underscores the need for further investigation. For risk-averse traders, the safest course is to choose a broker with robust regulation from a reputable authority.