Blue Guardian Review

Blue Guardian is a well-known prop trading firm from the United Arab Emirates.

But is Blue Guardian a scam?

No, it isn’t!

Our review and experience show that Blue Guardian is a safe proprietary trading firm.

Sign up with Blue Guardian now!

You can share your experiences with Blue Guardian within our comment section.

Key Takeaways

• Blue Guardian is a legitimate and reliable prop firm. It has a 4.5 out of 5 rating on Trustpilot, uses a reputable broker and advanced platforms (Match-Trader, TradeLocker & Platform 5)
• The firm offers various challenges, such as Unlimited, Elite, Rapid, and 3 Step, to cater to different kinds of traders. The profit split of 85% is higher than the industry standard of 80%
• Our review of Blue Guardian discusses the company’s background, trading policies, fees, payouts, and other key details to help you decide if it’s the right firm for you

About Blue Guardian

Blue Guardian was founded by Sean Bainton in 2019. Officially, they go by Iconic Exchange FZCO, but everyone knows them as Blue Guardian. The firm is based in Dubai, UAE, and runs its operations from there. It has become very popular with traders due to its trader-friendly policies, prompt payments, and flexible trading conditions.

Even though they’re a relatively small company with 10-12 employees, they’re running their operations efficiently and without any controversy.

They have a 4.5 out of 5 rating on Trustpilot and good customer reviews on platforms like Twitter and Reddit. They work with a regulated broker to handle the trading services.

Safety and Regulations

Blue Guardian is not directly regulated, as proprietary trading firms typically are not required to be regulated. However, it follows the recommendations of financial regulatory institutions and has proper risk management policies in place to protect itself and the traders.

For example, they use a guardian shield tool to close all open positions automatically if the total unrealized loss reaches 2% of the account balance.

They offer regulated trading platforms like Match-Trader, TradeLocker, and Platform 5. There are clear guidelines on profit targets, trading durations, and payout systems, in addition to rules on allowed and prohibited trading practices

The prop firm also uses Riseworks.io for secure withdrawals to bank accounts or in cryptocurrency.

Accepted Countries

Blue Guardian is available in most countries worldwide. However, there are some restrictions on who can use its services. It doesn’t allow people from certain countries like Cuba, Afghanistan, Algeria, Iran, Libya, Myanmar, North Korea, Syria, Turkey, and Kenya to sign up.

Recently, it has also stopped accepting new clients living in the United States. This includes US citizens and people with dual citizenship currently residing in the US.

• Australia: Yes, registration is possible
• Canada: Yes, registration is possible
• Ghana: Yes, registration is possible
• Hong Kong: Yes, registration is possible
• India: No, registration isn’t possible
• Ireland: Yes, registration is possible
• Kenya: Yes, registration is possible
• New Zealand: Yes, registration is possible
• Nigeria: Yes, registration is possible
• Pakistan: Yes, registration is possible
• Philippines: Yes, registration is possible
• Singapore: Yes, registration is possible
• South Africa: Yes, registration is possible
• United Kingdom: Yes, registration is possible
• United States: Temporarily suspended

Evaluation Process

They’ve got 5 different account sizes: 10k, 25K, 50K, 100K and 200K. The account size is the amount of capital you’ll have to trade with throughout the whole process.

There are four different evaluation programs for becoming a funded trader. We’ll discuss them in detail here:

• Unlimited Challenge
• Elite Challenge
• Rapid Challenge
• 3-Step Challenge

Unlimited Challenge

The trading challenge model has two phases. In Phase 1, your goal is to make an 8% profit. Once you achieve this, you move to Phase 2, where you must earn 4%. If you manage that, then you become a Guardian Trader.

You can’t lose more than 4% of your account in both phases in a single day.

You must trade for at least three days, during which you must achieve at least 0.5% profit. The days do not have to be consecutive for the 3-day trading period. Any day with at least 0.5% profit counts towards the requirement.

There is no maximum time limit for completing the challenge.

Elite Challenge

The Elite Challenge Model is a two-phase trading test designed to assess your skills thoroughly.

You’ll need to manage risk carefully, with daily losses capped at 4% and overall losses at 10%. In Phase 1, you’re aiming for a 10% profit, Whereas Phase 2 requires you to achieve a 4% target. You must trade for at least four days to complete the challenge.

Rapid Challenge

It’s a simple evaluation process for traders seeking funding. To pass the challenge, traders need to achieve a 10% profit on their account while limiting daily losses to 4% and overall losses to 6%.

They need to trade for at least three days to show trade consistency.

3-Step Challenge

It presents a tough evaluation process for traders aiming to secure funding. This multi-phase approach assesses a trader’s skills, risk management, and consistency.

Each phase requires a 6% profit target, while the maximum daily drawdown is capped at 4%, and the overall drawdown limit is set at 8%.

Traders must actively trade for a minimum of 3 days. The unlimited maximum trading days allow participants to progress through the phases at their own pace.

Challenge Trading Rules

While pursuing your profit target, you’ll need to follow the challenge rules. Learn about them here:

• Profit Target
• Profit Split
• Trading Period
• Minimum Trading Days
• Maximum Daily Loss
• Maximum Loss
• Maximum Position Size
• Maximum Capital Allocation and Multiple Accounts
• Trading Types
• Leverage
• Trading Style
• Trading Hours
• News Trading
• Weekend and Overnight Trading
• Expert Advisor
• Copy Trading

Profit Target

In the Unlimited Challenge Model, traders need to make an 8% profit in the first part and a 4% profit in the second part. The Elite Challenge Model has higher goals at the start, with a 10% profit target in the first part and 4% in the second part.

The Rapid Challenge Model puts everything into one part with a 10% profit goal. The 3-Step Challenge Model splits the process into three parts, each with a 6% profit target. These profit goals are not just random numbers. They are chosen carefully to test how good a trader is at making money while following strict rules about how much they can lose.

Profit Split

Drawing from our experience, the profit split is 85%. It remains for all their evaluation programs.

Most other firms offer a standard profit split of around 80%. By giving their traders 85%, they stand out from the crowd.

Trading Period

There is no pressure to finish within a certain number of days or weeks, as there is no maximum trading period for any of the programs.

Minimum Trading Days

Minimum trading days depend on the challenge you choose. In the Unlimited Challenge and Rapid Challenge models, traders must actively trade for at least three days in each phase. In the Elite Challenge model, traders are required to trade for at least four days in both phases. The 3-Step Challenge model also mandates at least three trading days in all 3 phases.

Maximum Daily Loss

They have set the maximum daily loss at 4% of the account balance. This rule applies to all the programs.

Maximum Loss

For the Unlimited Challenge, you can’t lose more than 4% of your account in either phase. The Elite Challenge gives you a bit more wiggle room, letting you lose up to 10% overall. The Rapid Challenge caps your losses at 6%, and the 3-Step Challenge draws the line at 8% across all three phases.

Maximum Position Size

Our team discovered through using this product that they don’t have a maximum lot size. So, you have flexibility for lot size.

Maximum Capital Allocation and Multiple Accounts

Blue Guardian lets a person have multiple accounts.

They allow a maximum of $400k in Unlimited, Elite, or 3-Step Funded Accounts and $400k in Rapid Funded Accounts, totaling $800k. The same challenge types can be merged for up to $400k, but different types cannot be merged unless both accounts are at break-even.

There’s a scaling plan where you can grow your account to a max of $2,000,000.

Trading Types

You can trade with different assets like Forex, Indices, Gold & Commodities, and Cryptos.

Leverage

During the evaluation stage, Forex pairs have the maximum leverage at 1:100. Indices, gold, and commodities have a leverage of 1:20, while cryptocurrencies have the lowest leverage at 1:2.

In the funded stage, the leverage ratios are reduced to manage risk more effectively. Forex leverage is reduced to 1:50, indices and gold & commodities are reduced to 1:10, and crypto leverage remains unchanged at 1:2.

Trading Style

You have flexibility in trading strategies as most of the trading styles are allowed. However, some trading styles aren’t allowed. Here are the trading styles that violate their rules:

• Use of platform or data freezing due to a Demo Server error.
• Tick scalping, high-frequency trading, arbitrage bots
• Trading on delayed charts
• Reverse arbitrage
• Use of a delayed data feed
• Hedge arbitrage or any emulators are prohibited
• Latency arbitrage

Trading Hours

The market is open five days a week. You can trade for 24 hours of these days. However, not every hour of the day is the ideal time for trading.

Certain hours may be more favorable for trading based on market conditions and liquidity. So, you should pick sessions for trading.

News Trading

On challenge accounts, you can trade around news events as much as you want. But once you’re trading with a funded account, you can’t.

For funded accounts, you’ll need to be careful not to open or close any trades within 2.5 minutes before or after high-impact news events. If you end up making profits during this time or if the news heavily influences your trades, those profits might be taken away. Don’t worry, though; it won’t count as a violation against your account.

Weekend and Overnight Trading

Both weekend and overnight trading are allowed without any restrictions.

Expert Advisor

Based on our own experience, it’s allowed to use EAs (Expert Advisors). Also, you can set them up however you want to match your own trading style and strategy.

Copy Trading

Copy trading is permitted, but only under certain conditions. The accounts involved in copy trading must be personal accounts that are legally linked to the account holder.

Blue Guardian allows the following types of copy trading:

• Copy trading between accounts within the Blue Guardian platform.
• Copy trading from Funded accounts to Evaluation accounts and vice versa.
• Copy trading between a Blue Guardian account and an external account.

Trading Platforms

Blue Guardian offers advanced trading platforms such as Match-Trader, TradeLocker & Platform 5. ‍They have all the features you need to trade effectively.

They also allow traders to request a change of trading platform for their evaluation accounts. But they must have a clear trading history.

If you’re currently in an ongoing evaluation phase, you must first successfully complete the trading objectives set for that phase before requesting a platform change. It’s important to note that changing the trading platform is not possible if there are any active or open trades on the account.

Trading Instruments

The trading instruments available to you are F.X., F.X. Exotics, Indices, Gold & Commodities, and Cryptos.

Brokers

EightCap is Blue Guardian Capital’s official broker. It’s not confirmed if they have other brokers.

Other Products

Blue Guardian’s services include a blog section, newsletter, and the Guardian Shield.

• Blog
• Newsletter
• Guardian Shield

Blog

The blogs section is a great option for anyone who wants to learn about prop trading and Blue Guardian’s programs. They cover all topics, from the basics of their trading programs to the unique tools and features they provide, like the Rapid Guardian One-Step Challenge and the Guardian Shield for risk management.

It’s also a great place to get advice on picking the right prop trading platform and to see how Blue Guardian supports traders in advancing their careers. They’re always adding new content to keep traders in the loop.

Newsletter

They send newsletters covering the latest financial news if you sign up for it.

Guardian Shield

When we tried the program, we got to learn about the Guardian Shield. It’s a risk management tool Blue Guardian provides for their funded accounts. It’s designed to help traders avoid excessive losses and encourage better risk management practices.

If the total unrealized loss (open PnL) on all open trades reaches 2% of the account balance, the Guardian Shield will automatically close all open positions for all symbols. This is considered a “soft breach,” meaning traders can immediately resume trading after closing positions. However, there are consequences for repeatedly triggering the Guardian Shield:

• The first and second breaches have no consequences.
• The third breach reduces the trader’s profit split to 50%.
• The fourth breach results in the account being fully breached, likely meaning the trader loses access to the funded account.

Prices and Challenge Fees

The pricing depends on the account types you choose.

The evaluation fee for a trading account is fully refundable. The refund is provided when you receive your fourth payout from the account. If you fail the evaluation before reaching your fourth payout, the evaluation fee is not refundable.

Payment Methods and Payout System

They have a bi-weekly payout system. Once you start trading with a funded account, you’ll be eligible for a payout 14 days after your first trade.

Now, if you withdraw your profits, the 14-day timer resets. So, if you make a trade after withdrawing, you’ll have to wait another 14 days before you can request another payout.

To actually get a payout, there are a few conditions you need to meet:

• Your account balance must be higher than the initial amount you started with.
• You shouldn’t have any violations on your account.
• You must close all your trades and cancel any open orders. In other words, you need to have a flat account.

Blue Guardian will process it within 1-2 business days. You can request payouts right from your dashboard.

To withdraw your money, you’ll use a platform called Riseworks.io. This allows you to withdraw funds directly to your bank account or cryptocurrency. If your payout is less than $2000, you can also choose to withdraw it directly in crypto.

There are minimum withdrawal amounts: $500 for Rise (bank) withdrawals and $100 for crypto withdrawals.

Registration and KYC

Registration doesn’t take much time. You can follow the following step-by-step process:

• Visit the Blue Guardian website
• Click the “Get Started” button
• Select the program you want to sign up for
• Choose the trading platform
• Use the coupon code for a 20% discount and then press “Continue”
• Fill out the billing form with the required information, such as name, email, country, and phone number.
• Fill out the payment details
• Make the Payment to complete the process

For ID verification, they will require your passport, driving license, or residential permit.

Discount and Promo Code

The Blue Guardian Capital offers a special promotion where you can get a 25% discount by using the promo code “JULY.” The promo code may change frequently, but you can contact the prop firm’s live chat if there’s a promo code available.

Free Trial and Demo Account

Right now, they don’t offer any free trial or demo accounts.

Mobile App

They don’t have a mobile app yet for users. However, the platforms have their own mobile apps, which you can use to trade.

Customer Service and Support

The customer support is excellent. The live chat is pretty fast and connects you with an agent within minutes. You can also leave your mail for them to get back to you or reach them via intercom.

The customer support team is competent and able to offer technical support through live chat. Also, customer support is provided in English.

Taxes

The Blue Guardian focuses on providing capital and trading services and doesn’t offer any help with taxes. You’re solely responsible for your tax obligations as an independent prop trader.

Also, prop trading is typically classified as self-employment income. This means you may be subject to self-employment tax in addition to regular income tax. In addition, you might need to make quarterly estimated tax payments to avoid penalties. So, consult with a tax professional to make sure you’ve got everything covered.

Learn more in our dedicated guide about “Prop Trading Taxes“.

Alternatives and Competitors of Blue Guardian

There are some other great prop firms which can help you get started. Here are some alternatives that you can check out.

FTMO

FTMO, founded in 2014, is an incredibly popular prop trading firm among traders. They allow trade with accounts ranging from $ 10,000€ to 160,000€. Their scaling program allows traders to increase their account size to up to 2 million US dollars.

The Trading Pit

The Trading Pit offers challenges starting at just €99 and a range of account sizes. Traders can access various financial instruments, including forex, cryptocurrencies, and stocks. The profit share ranges from 50% to 80% for CFDs and 60% to 80% for futures.

The Funded Trader

The Funded Trader provides multiple challenge paths to suit different trading styles and preferences. They offer lower prices, user-friendly drawdown limits, and E.A. usage. The profits share is 80-95%.

Conclusion

Blue Guardian is legit and one of the best prop trading firms out there. They’ve got a killer reputation, good ratings on Trustpilot, and favorable user reviews on social media. That means you can trust them to help you make money as thousands of traders with them are doing.

Sign up with Blue Guardian now!

Profit-sharing is impressive as you get to keep 85% of the share. They’ve got various trading challenge programs designed to test traders’ skills at different levels. The trading rules are also flexible and geared towards traders. So, try Blue Guardian if you want to start raking in the big bucks. Sign up here today!

Frequently Asked Questions

Here, we’ve compiled the most commonly asked questions about the Blue Guardian.

Is Blue Guardian legit or a scam?

Blue Guardian is a legitimate proprietary trading firm. It has been operating in the prop trading industry for several years. Traders have had positive experiences with the firm. Learn more about this in the “Safety and Regulation” section.

Is Blue Guardian regulated?

Blue Guardian is not directly regulated, as a universal governing body doesn’t need to regulate prop trading. Learn more about this in the “Safety and Regulation” section.

What is Blue Guardian?

Blue Guardian is a proprietary trading firm that offers trading programs to aspiring and experienced traders. It started as a Forex signal provider and education institution before evolving into a prop trading firm. Learn more about this in the “About Blue Guardian” section.

What broker does Blue Guardian use?

Blue Guardian uses EightCap as a broker. Learn more about this in the “Brokers” section.

How many Blue Guardian accounts can I have?

You can run multiple Blue Guardian accounts without any issues. Learn more about this in the “Challenge Trading Rules” section.

Where is Blue Guardian located?

Blue Guardian is headquartered in Dubai, United Arab Emirates. Learn more about this in the “About Blue Guardian” section.

Does Blue Guardian allow an expert advisor or copy trading?

Yes, Blue Guardian permits you to use both expert advisors and copy trading. However, there are some restrictions you have to follow. Learn more about this in the “Expert Advisor” and “Copy Trading” section.

Is Blue Guardian legal in the US?

Yes, Blue Guardian is legal in the US However, the prop firm has recently suspended new registrations from the USA. Learn more about this in the “Accepted Countries” section.

How long has Blue Guardian been around?

The prop company has been around since 2019. Learn more about it in our “About Blue Guardian” section.

How much does Blue Guardian cost?

To enter the evaluation challenge, the lowest price is $67, and the highest price is $1,197. Learn more about this in the “Prices and Challenge Fees“.

How often does Blue Guardian payout?

You can make payout request after 14 days of trading. Learn more about this in the “Payment Methods and Payout System“.

Liam Matthews

Having more than eight years of trading experience, I know how hard it is to find a good and reliable Prop Trading Firm and not to choose the wrong one. With PropTradingScam.com I want to help you to pick the right one, stay safe, and share your experience.