Review
Blue Guardian
"Blue Guardian: A Captivating Tale of Courage and Protection"
"Unlocking Trader Potential: Blue Guardian Offers Funded Accounts to Skilled Traders, Empowering Financial Market Success"
Review
Blue Guardian is committed to empowering seasoned traders by providing them with the means to fully capitalize on their expertise through the provision of funded accounts. This concept emerged from the recognition that gaining a competitive advantage in the financial markets requires a robust trading strategy and a substantial initial capital.
Blue Guardian firmly subscribes to the core belief that achieving a competitive edge in the financial markets necessitates the availability of substantial capital resources and a meticulously crafted trading strategy.
Blue Guardian places significant emphasis on fostering the professional development and success of traders. Their primary expectation of clients is the demonstration of discipline, adept risk management, and a steadfast commitment to long-term consistency. As a testament to their dedication, Blue Guardian allows traders to manage substantial account sizes of up to $200,000, accompanied by attractive profit-sharing arrangements of 85%. This remarkable potential for earnings is facilitated by diverse trading opportunities encompassing forex pairs, commodities, indices, and cryptocurrencies.
Who are Blue Guardian
Blue Guardian, a proprietary trading firm, was founded in June 2019 and subsequently underwent an initial public offering in September 2021. It affords traders the opportunity to operate with a capital balance of up to $2,000,000 while offering a profit split of 85%. Blue Guardian has forged strategic partnerships with reputable brokers, namely Eightcap and Purple Trading Seychelles.
The company conducts its operations under the legal entity named Iconic Exchange Limited, which operates under the trade name Blue Guardian. Its corporate headquarters are located at 2 Highlands Court, Cranmore Avenue, Solihull, West Midlands, England, with a postal code of B90 4LE.
May I inquire about the CEO of Blue Guardian?
Sean Baiton, the Chief Executive Officer of Blue Guardian, possesses an extensive background in trading and a wealth of experience in the domain of proprietary trading firms. With a profound understanding of the industry, Sean offers a diverse array of trading services, including signal provision and the utilization of machine learning and quantitative analysis to develop advanced trading algorithms.
Under Sean’s astute leadership, Blue Guardian has devised a resilient strategy to achieve both short-term and long-term objectives. His pivotal role in shaping and executing the company’s vision and mission has significantly contributed to the establishment and effective implementation of its goals.
Funding Options
Blue Guardian offers its traders the following two funding program accounts to choose from:
- Standard Guardian Evaluation
- Unlimited Guardian Evaluation
Standard Guardian Evaluation
The Blue Guardian’s standard guardian evaluation program account is structured to recognize diligent and skilled traders who demonstrate consistent performance throughout a comprehensive two-phase assessment period. This program offers traders the opportunity to engage in trading with a leverage ratio of 1:100.
During the initial phase of the evaluation process, traders are tasked with reaching an 8% profit goal while adhering to the guidelines of not exceeding a 4% daily loss and maintaining a 10% maximum loss. This profit objective must be achieved within 40 calendar days from the initiation of trading in the evaluation account. Additionally, traders are required to participate in a minimum of five trading days to advance to the second phase.
In the subsequent phase of the evaluation, traders are expected to attain a 4% profit target while remaining within the confines of the 4% daily loss limit and a 10% maximum loss restriction. This profit target must be met within 80 calendar days from the commencement of trading on the evaluation account. Likewise, traders must actively engage in a minimum of five trading days to progress to a funded account.
Upon successful completion of both evaluation phases, traders are granted a funded account with no imposed profit targets. The sole requirements are adherence to the 4% daily loss and 10% maximum loss rules. The initial payout is scheduled to occur 14 calendar days after the commencement of the first trading position on the funded account. Traders will receive a profit distribution of 85% based on the earnings generated within their funded account.
Moreover, the standard guardian evaluation program accounts also incorporate a scaling plan. Traders are required to achieve a profit target of 12% or more within a three-month period, with a minimum of two out of the four months yielding profitable results. In acknowledgment of this accomplishment, traders will receive an account increase equivalent to 30% of the original account balance.
In a three-month interval, a $200,000 account will yield an increment to $260,000. Subsequently, in the subsequent three-month period, the $260,000 balance will grow to $320,000. This pattern continues consecutively.
The Standard Guardian Evaluation Program accounts employ trading instruments such as forex pairs, commodities, indices, and cryptocurrencies.
Rules for the Standard Guardian Evaluation Program Accounts
The Profit Target denotes a predetermined profit percentage that traders are obliged to attain for the successful completion of an evaluation phase, profit withdrawal, or trading account scaling. The initial phase requires traders to achieve an 8% profit target, while the second phase necessitates a 4% profit target. It is important to highlight that funded accounts are exempt from profit target requirements.
The Maximum Daily Loss signifies the maximum allowable daily loss that traders can incur before their account is considered in violation. This threshold of maximum daily loss, set at 4%, applies uniformly to all account sizes.
The Maximum Loss represents the upper limit of overall losses that traders can sustain before their account is deemed in violation. This threshold of maximum loss, which stands at 10%, applies universally across all account sizes.
The Minimum Trading Days pertain to the minimum duration for which traders must engage in trading activities to qualify for evaluation phase completion or profit withdrawal requests. Both evaluation phases necessitate a minimum of 5 trading days. However, funded account holders are not subject to minimum trading day requirements.
The Maximum Trading Days define the maximum duration within which traders are required to attain specific profit or withdrawal targets. The first phase has a maximum period of 40 trading days, while the second phase allows for a maximum period of 80 trading days.
Third-party Copy Trading Risk involves potential risks associated with the utilization of copy trading services offered by external parties. When using such services, it is imperative to be cognizant that other traders may already be employing the same trading strategy. Relying on third-party copy trading services entails the risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Similarly, Third-party EA Risk is associated with potential risks stemming from the use of third-party Expert Advisors (EAs) in trading. When employing a third-party EA, it is possible that other traders are already utilizing the same trading strategy. The utilization of such EAs carries the potential risk of being denied a funded account or withdrawal if the maximum capital allocation rule is exceeded.
Unlimited Guardian Evaluation
The Blue Guardian Unlimited Guardian Evaluation Program Account is meticulously designed to identify proficient and disciplined traders who consistently exhibit outstanding performance across a two-phase evaluation duration. This account offers traders the opportunity to engage in leveraged trading with a ratio of 1:100.
In the initial phase of assessment, traders are expected to attain an 8% profit target while abiding by the prescribed 4% maximum daily loss and 8% maximum loss parameters. It is imperative to underscore that the first phase grants an open-ended trading period, devoid of any obligatory minimum trading days, as a prerequisite for progressing to the subsequent phase.
In the second phase of evaluation, traders are obliged to achieve a 4% profit target while maintaining strict adherence to the 4% maximum daily loss and 8% maximum loss regulations. Analogous to the first phase, the second phase also provides an unlimited trading duration and does not impose any minimum trading day prerequisites for eligibility to obtain a funded account.
Upon the successful completion of both evaluation phases, traders are awarded a funded account devoid of specific profit targets. The sole conditions to be observed are the 4% maximum daily loss and 8% maximum loss rules. The initial payout is scheduled for a period of 14 calendar days following the trader’s commencement of trading in the funded account. The profit distribution for the funded account stands at 85% based on the profits generated.
Furthermore, the Unlimited Guardian Evaluation Program Accounts incorporate a scaling plan. Traders are expected to attain a profit target of 12% or higher within a three-month span, with a minimum of two out of four months yielding profitability. Meeting these criteria results in an account balance increase of 30% relative to the original account balance.
For instance:
- After three months, a $200,000 account balance would grow to $260,000.
- After the subsequent three months, the balance of $260,000 would further escalate to $320,000.
- Following another three months, the $320,000 balance would augment to $380,000, and so forth.
The trading instruments available for the Unlimited Guardian Evaluation Program Accounts encompass forex pairs, commodities, indices, and cryptocurrencies.
Unlimited Guardian Evaluation Program Account Rules:
The profit target signifies a specific percentage of profit that traders must attain to successfully conclude an evaluation phase, withdraw profits, or expand their trading account. Phase 1 necessitates an 8% profit target, while Phase 2 stipulates a 4% profit target. It is noteworthy that funded accounts are not burdened with profit targets.
The maximum daily loss denotes the highest admissible daily loss that traders can incur before their account is considered in violation. Irrespective of account size, all traders are subject to a uniform 4% maximum daily loss threshold.
The maximum loss signifies the utmost allowable cumulative loss that traders can experience before their account is deemed in violation. Analogous to the maximum daily loss, all account sizes adhere to an 8% maximum loss threshold.
When contemplating the utilization of third-party copy trading services, it is essential to acknowledge that such services may already be employed by other traders employing identical trading strategies. Engaging in third-party copy trading carries the potential risk of being denied a funded account or withdrawal should it exceed the maximum capital allocation rule.
Similarly, when employing a third-party Expert Advisor (EA), it is imperative to consider that other traders may already be using the same EA and implementing an identical trading strategy. Utilizing a third-party EA carries the potential risk of being denied a funded account or withdrawal should it surpass the maximum capital allocation rule.
What makes Blue Guardian different
Blue Guardian distinguishes itself from other well-established proprietary trading firms through the provision of two unique two-step funding initiatives, all while affording traders the flexibility to adhere to their preferred trading methodologies. This latitude encompasses participation in news event trading, retaining overnight positions, and engaging in weekend trading.
At Blue Guardian, the conventional guardian evaluation program adheres to a comprehensive two-phase evaluation framework, where traders are required to successfully fulfill both phases to qualify for remuneration. The initial phase necessitates traders to achieve an 8% profit target, followed by a 4% profit target in the subsequent phase. In the interest of prudent risk management, Blue Guardian imposes a maximum daily loss ceiling of 4% and an overall loss cap of 10%. Furthermore, traders must actively participate for a minimum of five days within each phase before becoming funded. It is noteworthy that the standard guardian evaluation program also incorporates a scaling plan to bolster traders’ progression.
In contrast to other prominent proprietary trading firms in the industry, Blue Guardian sets itself apart by establishing comparatively lower profit targets and dispensing with minimum trading day prerequisites. This strategic approach fosters enhanced effectiveness in engaging with the evaluation program, thereby harmonizing with individual trading strategies and objectives.
Blue Guardian’s unlimited guardian evaluation program is a comprehensive two-phase evaluation regimen, wherein the successful completion of both phases is mandatory to qualify for payouts. The first phase necessitates traders to attain an 8% profit target, followed by a 4% profit target in the subsequent phase. The program is complemented by risk management guidelines that include a maximum daily loss threshold of 4% and an overall loss cap of 8%. It is imperative to underline that traders benefit from the flexibility of an unrestricted trading duration and are exempt from any minimum trading day prerequisites during both evaluation phases. Additionally, the unlimited guardian evaluation program incorporates a scaling plan. When compared to other leading proprietary firms in the industry, Blue Guardian establishes relatively lower profit targets while simultaneously eliminating both maximum and minimum trading day prerequisites.
Distinguishing itself from other distinguished proprietary trading firms, Blue Guardian stands out by not imposing any constraints on your trading approach. This means you have the liberty to engage in trading activities during news events, maintain positions overnight, and trade on weekends as per your discretion.
Is getting capital realistic
Blue Guardian has chosen Eightcap and Purple Trading Seychelles as its preferred brokerage firms for trading activities.
Eightcap, headquartered in Melbourne, Australia, operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC) and has been providing exceptional financial services since its establishment in 2009. With a global presence spanning five offices, Eightcap complies with regulations across multiple jurisdictions, facilitating global clientele access to diverse markets, including foreign exchange (FX), indices, commodities, and shares.
While Purple Trading Seychelles is another brokerage firm associated with Blue Guardian, the available context does not provide specific details regarding their features and regulatory status.
Purple Trading Seychelles is committed to offering equitable business conditions and cutting-edge technologies, aiming to establish a strong partnership with their clients.
Regarding trading platforms, both brokers support MetaTrader 4 and MetaTrader 5.
In terms of trading instruments, Blue Guardian permits trading forex pairs with a 1:100 leverage, commodities with a 1:20 leverage, indices with a 1:50 leverage, and cryptocurrencies with a 1:2 leverage.
Which brokers does Blue Guardian use
E8 Funding utilizes a unique trading strategy, sidestepping traditional brokerage firms and instead directly connecting with a Tier-1 Liquidity Provider. This approach grants them the advantages of Direct Market Access, leading to favorable conditions such as commission-free trading, narrow spreads, and flawless execution through their E8 MT4 Server.
Regarding trading platforms, E8 Funding offers the choice to engage in trading using both Meta Trader 4 and MetaTrader 5, delivering traders a versatile and widely recognized set of trading tools.
Trading Options: E8 Funding provides the opportunity to trade a range of financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies, all with a leverage of 1:100.
Commission examples:
Forex:
Let’s assume that you open 10 lots for EUR/USD, the current ASK price (for a buy order) is 1.1, the commission is 0.005 % and the size of each lot is 100 000.
The equation is 0,00005 * (10* 1.1 *100 000) = 55 $
If you are using non /USD pairs, you also need to divide it by the exchange rate of the currency.
For example, if you wish to open trade for GBP/JPY and you want to know what is a commission in USD price, the calculation would look like this:
(10 ( positions size) * 100000 (size of each lot) * 163.365 price * 0.00005 (0,005 % commission) ) / 134.975 (USDJPY rate )
Stocks
For AAPL, the commission rate stands at 0.3%. To illustrate, let’s consider the scenario where you intend to purchase one lot, which corresponds to a single AAPL (lot size). In this case, you would multiply the current ASK price of the instrument (approximately $139.68 for AAPL) by the commission rate.
The calculation can be expressed as follows: 0.003 * 139.68 * 1 * 1 = $0.41904.
It should be noted that E8 Funding’s trading instrument commissions are all determined as a percentage based on the prevailing price at the specific moment of the transaction. To obtain comprehensive information on the trading instrument specifications, you can refer to the E8X Public Symbols Dashboard provided by E8 Funding.
Education and Support
In 2019, Blue Guardian was established with its original purpose being to function as a provider of Forex signals and an educational institution. However, in 2021, the company embarked on a rebranding endeavor and expanded its range of services to encompass proprietary firm evaluations, thereby enabling traders from diverse backgrounds to secure funding.
While Blue Guardian does not maintain an official presence on ForexFactory, it has garnered significant mentions and references in a distinct forum thread entitled “PROP FIRM HUB,” initiated by a user known as Mastermind. Furthermore, another thread on ForexFactory, titled “PROP FIRM ELITE,” created by PaulMF, prominently features numerous mentions of Blue Guardian.
It is worth noting that Blue Guardian does not offer a complimentary trial option. Nevertheless, individuals with an interest in their services can still establish a demo account with either Eightcap or Purple Trading Seychelles, both of which are associated brokers, in order to assess the trading conditions provided by the brokerage.
Despite the absence of a free trial option, Blue Guardian provides a meticulously organized dashboard that is accessible to all clients. This comprehensive platform streamlines risk management by consolidating all pertinent statistical metrics in a single location, thereby enhancing convenience and facilitating effective risk assessment.
For additional support and access to further information, Blue Guardian maintains a Frequently Asked Questions (FAQ) page, which can be consulted to address any inquiries you may have. To directly communicate with their support team, multiple options are available. They can be contacted through their social media channels or via email at support@blueguardian.com.
For those seeking real-time interaction, Blue Guardian offers a live chat support feature on their website. It should be noted that their live chat support operates during business hours, specifically from Monday to Friday, between 10 AM and 6 PM GMT+1.
Clients review
Blue Guardian has garnered significant acclaim in reviews, particularly on Trustpilot, where it has received positive feedback from a diverse array of community members. The company boasts an impressive rating of 4.8 out of 5 based on 297 reviews, reflecting substantial growth subsequent to its rebranding efforts and the implementation of enhancements aimed at improving the community’s experience.
Furthermore, Blue Guardian has earned recognition for its exceptional performance. The community highly appreciates the team’s prompt responsiveness and the provision of comprehensive information to address client inquiries or concerns.
In addition, the community expresses admiration for Blue Guardian’s comparatively accessible evaluation phase requirements, which stand out, especially when contrasted with the minimal restrictions imposed on individual trading styles by other firms.
Social media stats
Blue Guardian can also be found on social media.
They have a:
- Instagram account with 9,476 followers, and
- Telegram account with 2,115 subscribers.
Conclusion
In summary, Blue Guardian is a respected proprietary trading company that offers traders a choice between two distinct two-phase evaluation program accounts, allowing them the freedom to maintain their preferred trading style without imposition of limitations. Traders can actively engage in trading activities even during news events, keep positions overnight, and trade on weekends.
The Standard Guardian evaluation programs adhere to industry norms, employing a dual-phase evaluation procedure, a prerequisite for traders to secure funding and qualify for profit sharing. To be eligible for funding, traders are required to meet profit targets of 8% in the first phase and 4% in the second phase. These objectives are realistic and achievable, especially when taking into consideration the accompanying risk management guidelines that cap daily losses at 4% and impose a maximum loss limit of 10%. Furthermore, each evaluation phase necessitates a minimum trading day requirement of five. By participating in the Standard Guardian evaluation programs, traders have the opportunity to earn profit splits of 85% while retaining the ability to scale their accounts.
Likewise, the Unlimited Guardian evaluation programs conform to industry standards, featuring a two-phase evaluation process. Traders must attain profit targets of 8% in the first phase and 4% in the second phase to secure funding and profit sharing eligibility. With risk management principles stipulating a maximum daily loss of 4% and a maximum loss limit of 8%, these trading objectives are practical and reasonable. Significantly, there are no specific requirements regarding the number of trading days in each evaluation phase. Successful completion of the Unlimited Guardian evaluation programs enables traders to earn profit splits of 85% while also providing them the option to scale their accounts.
Based on my assessment of Blue Guardian’s offerings, I strongly recommend their services to individuals in search of a proprietary firm with transparent and uncomplicated trading regulations, especially those who have established a consistent trading strategy. They are a well-established firm that offers advantageous conditions to a diverse range of traders with distinct styles. Given its comprehensive features and reputation as one of the top proprietary trading firms in the industry, Blue Guardian is an excellent choice.
