Today we review the notorius Blue Trading platform. What is Blue Trading? A scam or a legit service? Are there better alternatives out there? Oooh yes sir! This and much more you get help answering in this short review! Ok, with that being said, let´s get into it!
Product: Blue Trading
Website: www.bluetrading.com
Owner: N/A
Price: N/A
Who is it for: Not for anyone as trading is suspended with Blue Trading
Overall rating: 
(0 / 5) Not recommended
P.S.
(My #1 Recommended Trading Platforms & Resources:
Platforms (both offer demo accounts):
eToro (U.S. citizens NOT allowed)
Zulu Trade (U.S. citizens allowed)
Services (both offer you free resources):
What is Blue Trading about?
Prior to the termination of its services, Blue Trading was a well-established firm that was offering its clients managed trading accounts. Having been created in 2012, and registered in Japan, this company had earned the trust of quite a large number of traders whose main objective had been to earn some extra income.
Blue Trading had very lofty promises to those joining it, which is eventually what led to its collapse. For instance, this firm promised its users that they could trade in a wide variety of assets, including cryptocurrencies, and earn some of the best profits in the industry. At the time of closure, most of the clients who had trusted this company enough not to withdraw their funds lost huge amounts of money.
Not forgetting that this company was not registered with any of the globally recognized and reputable financial services authorities, despite claiming to be a member of such associations.
N.B: BluVenture Group Limited owned Blue Trading, alongside BlueBroker. All these firms were shut down in 2018 and 2019 due to the repetition of violations of the rules set by the Financial Commission.
How to use Blue Trading?
Blue Trading was in charge of managing its clients’ trading accounts. The company had put together a professional team that used more than 10 trading strategies in order to determine the best trades in all currency, crypto and commodity markets. Such an approach meant that Blue Trading’s clients were exempt from very many trading conditions.
The client’s trades were executed through a proprietary platform. All that clients had to do was log in to this platform and view the data on their accounts. Blue Trading adjusted the leverage of each account as it grew, in a bid to maximize the profits.
No signup bonuses were offered during the signup process, but clients could earn some money through the affiliate income program. As is with any affiliate program, the amount of money you could earn was to a great extent determined by the lead-generation efforts, as well as the number of conversions.
Those who were new to Blue Trading had the opportunity to choose between one of the two accounts offered, as shown below:
– The Standard Account- This required a minimum investment of €3000. Blue Trading charged an 18% fee on the profits earned.
– VIP Account –An € 12,500 minimum investment was required. Clients with this type of account had to part with 12% of the profits earned from their trades.
Blue Trading did not charge its clients any trading commissions or management fees. In addition to that, the firm did not remit its clients’ statements to the taxman but instead let the clients settle their liabilities in accordance with the laws that applied to them.
Which service was provided to clients?
This firm’s main service was to enter in certain trading positions after determining their profitability in order to book profits for its clients. There was no disclosure, whatsoever, about whether the positions that Blue Trading took were based on underlying asset markets, through CFDs or even futures contracts. The one thing that was clear, however, is that Blue Trading avoided binary options.
The available packages and Pricing
As already stated, Blue Trading did not charge any commissions or spreads on trades. It did not also ask for admin fees or other account maintenance fees. The only fees a client had to pay were for performance management, which as already stated were calculated as a percentage of the profits earned.
– Standard accounts- the applicable performance management fees are 18% of the profits that are above net new highs. If an account had profits of € 10,000 in a single month, then Blue Trading would deduct a € 1,800 fee. If in the following month, the accounts’ profits went down, a client would not be charged any performance fees. Blue Trading would have to ensure that the high-water make was reached for them to start deducting the performance fees again.
– VIP accounts- the performance fees charged for these accounts were 12% of the profits above the net new highs.
Note: The performance fees were usually deducted on the 10th of every new month, and they were based on the past month’s results.
Customer Care and Support
Blue Trading’s support was usually offered through email and telephone. The customer service department was open for 24 hours a day from Monday through Friday. Those who choose to rely on email as the means of communication had to typically wait for a day for their issues to be resolved.
The local telephone numbers were available for clients in the following nations:
– Australia
– Germany
– Hong Kong
– South Africa
– UAE
– Ireland
– Italy
– Saudi Arabia
– Singapore
– Indonesia
Clients in Europe and Asia had access to general telephone numbers. Blue Trading had managed to optimize its website in such a way that it was available in 80 languages.
Is Blue Trading a Scam or Legit and Genuine?
Now that we know that Blue Trading was expelled from the Financial Commission, we already know what to expect with its genuineness. The customer reviews available on consumer trust sites such as TrustPilot (https://www.trustpilot.com/review/bluetrading.com) and Forex Peace Army (https://www.forexpeacearmy.com/forex-reviews/14879/bluetrading-managed-forex) are mainly complaints about customers who lost their money at the time Blue Trading was shut down.
Luckily, you will not have to go through the same situation that those clients went through since the company was already shut down. If it, however, happens to resurface miraculously, then you know that it is safe for you to seek other alternatives, since trusting the team at Blue Trading will be synonymous to throwing away your cash.
The pros and cons
It is always recommended (and wise) to look at both the positive sides as well as the negative ones before deciding if something is for you or not, right? As always in our reviews we provide you with some clear points on both sides of the spectrum:
Pros
– More than 10 trading strategies used
– Access to 24/7 support
– Multilingual website and regional customer support
– It is hands-free for the clients.
Cons
– Already shut down
– It is unregulated.
– A minimum investment of €3000 may be very high for those starting out.
Better alternatives out there?
As Blue Trading isn´t even available anymore there are obviously many better alternatives, right? I always recommend trading platforms like Zulu Trade (if you live in the U.S.) and eToro (not for U.S. citizens).
If you want to go deeper into the trading topic there are also a few services that I recommend above all, both offer you free material that might be very valuable to you, like free trade alerts, and other stuff that can make you money.
The absolute 2 best services I can recommend are:
Do you own or represent Blue Trading?
If you are a representative, or associate of Blue Trading and have found something not to be correct in this review please, feel free to tell and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or else you got the e-mail on the about page.
Final words and verdict
Verdict: NOT Recommended
Overall rating: (0 / 5)
Ok, I think that sums up the overall view of Blue Trading pretty good. The service is no more and that´s that.
Please try to rely on real and legit platforms and ALWAYS review and do your own research before you put any money into the mix.
My #1 recommended trading resources:
I have many trading opportunities, platforms and services listed on this website, the ones I recommend always offer demo accounts, so you can start trading risk-free until you are confident enough to start trading with your own real money. Below you got the best of the best that I would recommend that you start using and take advantage of:
Platforms (both offer demo accounts):
eToro (U.S. citizens NOT allowed)
Zulu Trade (U.S. citizens allowed)
Services (both offer you free resources):
I hope you found this short review of Blue Trading to be helpful and that you now have a better understanding on what it is and also on what path you might want to take instead. Please, share your own experience in the comment section below as it can help others. Also, if you got any questions about this I would be more than happy to answer them below!
I wish you success!
Michael,
founder of Gold Retired
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