This post is also available in: deDeutsch itItaliano

Is BLUE TRADING one of the best Australian Forex Brokers? We conducted an in-depth review in March 2019 to find out the answer and bring it to you!


Another complete and unbiased Review from Engine Forex

All there really is to say about Blue Trading is, that it is a big scam and investors should stay away of any company, person or entity related to these fraudsters.

They are not a broker but, according to their own words, a managed trading fund. Originally founded by the professional trader Richard Anderson and his team of specialists in 2012, Blue Trading scammed many people with a massive fraud scheme.

Blue Trading’s main trading offices are/were apparently located in Tokyo, Japan. Additional support, trading and meeting centres are located in Ireland, Switzerland and Monaco.


Blue Trading

Our Rating

The overall rating is based on review by our experts

0.0 0.0 1
  • Reliability 1 / 10
  • Spread 1 / 10
  • Customer Service 1 / 10
  • Offers 1 / 10
  • Speed of Execution 1 / 10
  • Uptime 1 / 10

This post is also available in: deDeutsch itItaliano

Blue Trading - Overview

Trading Conditions

  • Max Leverage
    -
  • Platform
    MirrorTrader
  • Min Deposit
    €3,000
  • Spread
    -
  • Cuts out Dealing Desk
    No

Methods of deposit and offers

  • Deposit / Withdraw
    Wire Transfer
  • Welcome offer
    n/a

Extras

  • Crypto
    Included in some of their trading strategies!
  • Headquarter
    Apparently Tokyo

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT BLUE TRADING

In Summary

  • Member of the Financial Commission
  • Beware of these scammers

There's no security when it comes to dealing with Blue Trading or any company related to them.

We can only warn every trader / investor to stay far away from them. Many investors lost all their investment after a "well-planned" scam took place on Friday 22nd February 2019. They appeared to be a trustworthy, profitable managed accounts fund but in reality they are / were not.

Blue Trading is a member of the Financial Commission, a new initiative created by the Foreign Exchange Global Committee, and a full member of Crypto Valley, a cryptocurrency ethics and regulation association based in Switzerland. Any investor that got scammed by Blue Trading should contact these regulatory bodies immediately!

Spreads Comparison

Blue Trading
n/a
PEPPERSTONE
100
THINK MARKETS
80
IC MARKETS
100
Dukascopy
100
XM
100

CHARGES AND MARGINS AT BLUE TRADING

In Summary

  • No “start-up” or “management” fees
  • 18% NET profit fee for Standard accounts
  •   12% NET profit fee for VIP accounts

Clients investing with Blue Trading are / were not faced with complicated margin rules, and their fee structure is also kept very simple and straightforward.

Clients are / were only charged based on performance. There are no “start-up” or “management” fees, as is the case with most traditional investment or financial firms. For Standard account holders, the fee is only 18% of the NET profits generated by an account. Fees for VIP account holders are reduced to 12% of the NET profits.

However, once again we wish to highlight that these profits appear to be not real and almost all investors lost all their money due to a set-up by Blue Trading and their associates.

TECHNOLOGY

In Summary

  • MirrorTrader
  • Convenient 24/7 account viewing access

Blue Trading uses / used a proprietary professional platform that links to clients’ trading accounts via the MirrorTrader platform. It is not possible to connect with a MetaTrader account due to incompatibilities with some advanced cryptocurrencies and commodities that are being utilised in their trading strategies.

Customers have / had easy and convenient 24/7 viewing access to their account(s) via computer or smartphone; still, a big scam took place on February 22nd 2019 and all investors should stay alert about similar companies that may pop up at one stage.

Execution of Speed Comparison

Blue Trading
n/a
PEPPERSTONE
100
THINK MARKETS
90
IC MARKETS
100
Dukascopy
90
XM
80

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF BLUE TRADING'S CUSTOMER SERVICE AND CLIENTS

In Summary

  • Professional scammers at work!
  • 2 account type options

Blue Trading clients have / had access to an award-winning 24/5 (Monday–Friday) support service via telephone and email. The firm is proud to have been recognised within the industry, receiving multiple awards and prizes such as “Best Managed Account” and “Best Cryptocurrency Company”.

For us it is tragic to see how the Forex and trading industry is still being fooled by con-artists like Blue Trading.

Two account types are / were offered: a Standard account allowing investments (deposits) from €3,000, and a VIP account with a minimum investment requirement of €12,500.00. In addition to charging a lower fee (12% of net profits instead of 18%), the VIP account waives this fee altogether for the first 45 days as an “account trial” incentive.

Standard accounts can be upgraded to VIP accounts at any stage once the investment sum reaches €12,500.00 or more.

Both account types are easy to use and allow for 24/7 viewing access. Deposits can be made via bank transfer, credit card or cryptocurrency transfer. Swap-free (Islamic) accounts are also available.

FOREX AND OTHER TRADING OPTIONS AT BLUE TRADING

In Summary

  • Diversified portfolio of trading strategies

The account management/trading team utilises a diversified portfolio of trading strategies with a strong focus on forex / currency, commodity and digital assets trading.

The below track record is from Blue Trading's own homepage but we can only raise our eyebrows...

SPECIAL FEATURES OF BLUE TRADING

In Summary

  • SCAM
  • SCAM
  • SCAM
  • SCAM

Investors stay away from Blue Trading and any other company that is associated with them.

Investors lost all their capital due to a set-up scam by Blue Trading and their associates.

Max Leverage Comparison

Blue Trading
n/a
PEPPERSTONE
500:1
THINK MARKETS
400:1
IC MARKETS
500:1
Dukascopy
200:1
XM
500:1

IN CONCLUSION

Blue Trading will have to face the wrath of their previous investors that have gathered to hunt the team behind this scam down and have them face legal actions for their wrong-doings.