Updated on April 5, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding Blue Trading due to the issues we've identified.
Is Blue Trading Scam or Legit Broker? ▲
Regrettably, engaging with Blue Trading for your trading activities is not advisable. Owned by BluVenture Group Ltd., and claiming Japan as its base, this entity lacks the pivotal registrations with authoritative bodies. Despite its assertion of being part of several initiatives and associations, the absence of regulation by key financial supervisory authorities renders it an unsafe choice for traders. Blue Trading's lack of a regulatory license, coupled with a detailed warning from the UK's Financial Conduct Authority (FCA) regarding unauthorized financial activities aimed at UK residents, paints a concerning picture. We strongly advise against entrusting your investments to Blue Trading.
Registered in: No Registration
Type of License: No License
Is Blue Trading safe to trade: No
Recommended Licenses: FCA in UK & ASIC in Australia
Blue Trading portrays itself as a global entity offering trading and investment services, particularly emphasizing Cryptocurrencies. Despite its affiliation claims with the IFMRRC, Foreign Exchange Global Committee, and membership in the Crypto Valley Switzerland ethics organization, such associations do not equate to regulatory oversight by established financial authorities like the FCA or BaFin. The allure of Blue Trading's offerings is significantly overshadowed by the dubious reliability of its regulatory status and the recent revocation of its membership due to non-compliance with established rules and guidelines. This lack of regulation and adherence to financial standards raises substantial doubts about the safety and integrity of trading with Blue Trading.
Blue Trading Review Conclusion ▲
To encapsulate, our recommendation is to steer clear of Blue Trading for your trading endeavors. The allure of their offerings cannot override the paramount importance of fund safety and regulatory compliance. In the realm of Forex and cryptocurrency trading, associating with a regulated and reputable broker is crucial. We advocate for trading with brokers that are under the strict oversight of regulatory bodies such as the FCA in the UK or ASIC in Australia. Considering the red flags surrounding Blue Trading, including its unlicensed status and warnings from financial authorities, the prudent choice is to explore alternative, regulated brokers for a secure trading environment.
Blue Trading Update
Our latest findings reveal that the Blue Trading website is no longer operational, indicating a cessation of their trading services. This development further underscores the importance of vigilance and caution. While the broker has ceased operations, the potential for future unsolicited propositions remains a concern. We urge traders to remain alert and prioritize engagement with regulated and reputable brokers to safeguard their investments and trading experience.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
Blue Trading Review 2024
