Blue Trading Review 2018
Blue Trading Review
Founded in 2012, Blue Trading is financial services provider that offers a full service managed account for retail investors in specific instruments such as forex, commodities, and cryptocurrencies.
With Blue Trading’s proprietary managed account platform, investors at Blue Trading will be able to monitor their account 24 hours a day, while the expert traders at Blue Trading grow their investments.
Blue Trading Video Review
Blue Trading Regulations
Due to the specific nature of Blue Trading services, there is currently no regulatory oversight available provided by major regulatory bodies such as the UK’s FCA and Germany’s BaFIN.
Blue Trading Reliability
In an industry where clients are required to entrust their money to a third party, Blue Trading understands the anxiety which investors may feel over the safety of their money. To ensure the safety of its clients’ funds, all trading funds are directly deposited to Blue Trading’s Liquidity Brokerage system. The trading team at Blue Trading do not have any access to the funds rather they are only granted the Blue Trading’s Master Trading Console system (PAMM Account) that only permits them to execute trades for multiple accounts at the same time. In short, the funds from each account are kept segregated. All trading transactions are conducted in a transparent manner which the investors can review at any time from any device.
Blue Trading Platforms
As Blue Trading is a managed account service provider, it does not provide its clients with a trading platform for them to trade the market with. Instead, investors are given access to a proprietary platform where they can view the status of their investment account at any time in real time. The platform is also compatible with iOS and Android-powered devices meaning investors can also access the platform from the smartphones or mobile devices.
Blue Trading Trade Types/Instruments
As for the range of markets covered by Blue Trading, they include the spot market for major currency pairs such as the EUR/USD and USD/JPY, popular cryptocurrencies such as Bitcoin and Ethereum and frequently traded commodities. Trading is only carried out on high probability trades that have been identified through constant market research in the dynamic markets. Blue Trading also uses proprietary trading algorithms to identify instruments which are most conducive to the firm’s underlying strategies of growing its clients’ investment.
Blue Trading Account Types
In terms of the types of managed accounts offered by Blue Trading, there are 2 types, a Standard account, and a VIP account.
- Minimum Investment of €3,000
- 18% Performance Fee
- No management or account opening fees
- 25/5 Customer Support
- Islamic Account Available
- 24 hours access to the trading dashboard
- Option to upgrade to VIP account status with a total investment of €10,000
- Minimum Investment of €12,500
- 12% performance fee
- No management or account opening fees
- 45 days trial period (No performance fee will be charged during this period)
- No mark up on spreads
- 24/5 customer support
- Islamic account available
- 24 hours access to the trading dashboard
Blue Trading Commissions & Spreads
At Blue Trading, there are no commission charges or spreads on the trades made on behalf of the investors. Blue Trading makes its money solely based on the performance of the accounts that it manages. The performance fee varies according to the type of trading account which the investor holds. For the standard account, the performance fee is 18% of net profit. For example, the account gained a profit of €20,000.00 after a year, the fee will be €3,600 leaving the investor a profit of €16.400. For the VIP account holder, the performance is at a lower threshold of 14%. What makes Blue Trading different from other managed account firms is the fact that there are no incidental fees such as management fees or account activation fees. The performance fee is the only fee which investors at Blue Trading have to pay.
Blue Trading Deposits & Withdrawals Options
You will only be offered the option to deposit or fund an account once you have registered and log in to the Blue Trading platform. At present, Blue Trading only accepts deposits through bank wire transfer or Bitcoin deposits. Withdrawals are also conducted through the same methods. Investors are not recommended by Blue Trading to fund their account using their credit cards due to the high fees imposed by the credit card providers.
Withdrawals at Blue Trading are permitted at any time regardless of the positions that have been opened and are processed within the same business day. Although Blue Trading does not impose any withdrawal fees, the withdrawals can only be made once a month.
Blue Trading Bonus & Promotions
Blue Trading does not follow the practice of offering percentage based deposit bonuses to entice investors to sign up with the firm. Instead, they rely solely on their reputation as a reliable and ethical firm as well as their performance to win over their clients.
Blue Trading Customer Support
As a customer-centric firm, Blue Trading takes pride in offering its clients an efficient and friendly customer support service. Although their primary base of operation is in Tokyo, Japan, Blue Trading has satellite offices throughout Asia and Europe to ensure that their clients are able to get assistance 24 hours a day through the entire trading week. Contact with the support team is done through the live chat system and email.
- Ability to monitor investments live 24 hours a day
- Affordable account packages
- Competitive performance-based fee
- No hidden fees
- Reputable firm
- 24/5 Customer support
- Limited payment methods supported
- Withdrawal only possible once a month
Blue Trading Q&A
Is Blue Trading regulated?
No, Blue Trading is not regulated. However, the company is a member of the Financial Commission and the Global Foreign Exchange Committee.
Where is Blue Trading based?
Blue Trading primary operation is based in Tokyo, Japan. However, they have a satellite office in Europe and Asia as well.
How does Blue Trading make money?
Blue Trading makes its money by charging its clients a performance fee on the accounts it managed. The fee is tied to net profit earned on the managed account in one calendar year.
How to deposit in Blue Trading account?
Deposit of funds into a Blue Trading managed account is by bank wire transfer or by Bitcoin deposits.
How to withdraw money from Blue Trading?
Withdrawal of funds from Blue Trading is done through bank wire transfer or Bitcoin transfer.
How to open an account with Blue Trading?
To open an account with Blue Trading, you need to fill up the registration form and submit it with all the relevant documents required for verification of identity and address.
Is Blue Trading reliable?
Yes, Blue Trading is a reliable firm. All clients’ funds are kept segregated and trades are only executed based on their high probability to generate a profit.
Does Blue Trading use MetaTrader?
No, Blue Trading does not use the MetaTrader trading platform.
Is Blue Trading a scam?
No, Blue Trading is not a scam. It has been operational since 2012.
How safe is Blue Trading?
Blue Trading abide by the industry’s best practices and is a member of the Global Foreign Exchange Committee.
Throughout our review of Blue Trading, we noted that the company is fully transparent with its operations. They have made it simple for anyone to open a managed account with them. In addition, we love the fact that they allow investors to view their status of their managed investment account at any time through the Blue Trading dashboard. Another major plus point about the services provided by Blue Trading is the fact that they only charge a performance fee for managing your account. The fees are also reasonable at 18% for the standard account and 14% for the VIP account. On the whole, we find that Blue Trading is a professional and ethical company that offer services that are worth exploring.
|Number Of Employees||100|
Trading Account Options
Blue Trading Trading Features
|24 Hours Support||Yes|
|Support During Weekends||No|
Customer Support Languages
|Supported Trading Platforms||Mirror Trader|
|Commission On Trades||Yes|
|Guaranteed Stop Loss||Yes|
|Guaranteed Limit Orders||Yes|
Blue TradingUser Reviews
- 4.0Good proprietary platformTheir proprietary platform lets me view the investments status in real time.Spencer
- 4.0Reasonable Performance FeeThey only charge an 18% performance on the yearly net profit which is very reasonable.Patrick