Frequently Asked Questions
Everything you need to know
Find answers to the most common questions. If you can’t find what you’re looking for, our team is available 24/7.
Account & Verification
How do I open an account?
Opening an account is quick and easy. Click ‘Create Account’, fill in your personal details, verify your email address and select the account type that best suits your needs. The entire process takes less than 15 minutes.
What documents do I need to verify my account?
To complete KYC verification you need: a valid government-issued ID (national ID, passport or driver’s licence) front and back, and a recent proof of address (utility bill or bank statement) dated within the last 3 months. We review your documents within 24-48 business hours.
Can I open a demo account?
Yes. We offer demo accounts with virtual funds so you can practise and get familiar with the MT4 platform with zero risk. You can open a demo account during the standard registration process.
Deposits & Withdrawals
What deposit and withdrawal methods do you offer?
We accept bank transfers, credit/debit cards (Visa, Mastercard) and cryptocurrencies. The minimum deposit is $50 for a Standard account. All deposits are processed securely with no fees on our side.
How long does a withdrawal take?
Withdrawals are processed within minutes once approved. Requests received during business hours are handled the same day. Bank transfers may take an additional 1-3 business days depending on your bank.
Are there any deposit or withdrawal fees?
Black Moon Trade does not charge any deposit or withdrawal fees. However, your bank or payment provider may apply their own charges, especially for international transfers.
Trading Concepts
What is a CFD?
A CFD (Contract for Difference) is a financial instrument that lets you speculate on the price movement of an asset — stocks, indices, commodities, cryptocurrencies — without owning the underlying asset. You profit or lose the difference between the opening and closing price of the trade.
What is leverage?
Leverage allows you to control a position larger than the capital you deposit. For example, with 1:50 leverage you can control $5,000 with just $100 in margin. While it amplifies potential profits, it equally multiplies the risk of losses, so it must be used responsibly.
What is a spread?
The spread is the difference between the buy (ask) and sell (bid) price of an instrument. It is the main cost of each trade. At Black Moon Trade we offer spreads from 0.0 pips on PRO and Institutional accounts.
Social Trading & PAMM
How does Copy Trading work?
Copy trading lets you automatically replicate the trades of expert traders in real time. You choose which trader to follow based on their track record, and your account mirrors their entries and exits proportionally to your capital.
What is a PAMM account?
PAMM (Percentage Allocation Management Module) is a system where a professional money manager administers a pooled fund on behalf of multiple investors. Profits and losses are distributed proportionally based on each investor’s contribution. Ideal for those who want market exposure without actively trading.
Do I need experience to use Social Trading or PAMM?
No. Both copy trading and PAMM accounts are designed for investors who lack experience or time to trade on their own. Our team can guide you in selecting the most suitable manager for your risk profile.
Support & Regulation
How do I contact support?
Our support team is available 24/7 via live chat from the website or client area, by email and by phone. We speak English, Spanish and Portuguese. Average response time: under 2 minutes on chat.
Are you regulated?
Black Moon Trade operates under a regulatory framework that ensures client funds are held in segregated bank accounts, fully separate from the company’s operational capital, protecting your money at all times. For more details visit our legal section or contact our compliance team.
Is my money safe?
Yes. Client funds are held in segregated accounts, completely separate from the company’s operational capital. We use 256-bit SSL encryption across all platforms and comply with international financial security standards.
MT4 Platform
What is MetaTrader 4 (MT4)?
MetaTrader 4 is the world’s most widely used trading platform. It features advanced charting, over 30 built-in technical indicators, automated trading via Expert Advisors (EAs) and is accessible from desktop, web browser and mobile app.
Can I trade from my mobile phone?
Yes. MT4 is available for iOS and Android. You can download the app directly from our platforms page. You will have full account access, real-time charts and order execution from anywhere.
What is an Expert Advisor (EA)?
An Expert Advisor is an automated trading programme that runs inside MT4 following predefined rules. It executes trading strategies automatically without you needing to be at your computer. Black Moon Trade is fully compatible with third-party EAs.