Blue Trading Review

Is Blue Trading Scam or Legit Broker?

No, it is not safe to trade with Blue Trading. Blue Trading is owned by BluVenture Group Ltd., a company registered in Japan.  The company is not registered with the reputable authorities, yet states its memberships in various initiatives and associations since at this time major regulators do not regulate this type of trading:

What is Blue Trading?

Blue Trading serves numerous offices globally, and offers financial trading and investment opportunities on a range of instruments, but mainly focuses on Cryptocurrencies (Read HYCM broker review, which offers cryptocurrency trading).

• “Blue Trading is a signatory to the IFMRRC, Foreign Exchange Global Committee. A new initiative was created by the Foreign Exchange Global Committee, a signatory of the International Decentralized Association of Cryptocurrency and Blockchain (IDACB). And is a full member of the Crypto Valley Switzerland ethics organization. At this time major regulators such as the British FCA or German BaFin do not regulate this type of trading, therefore, registration opportunities still remain unavailable. We look forward to pursuing new registration opportunities as they become available.”
• Nevertheless, that statement sounds not very reliable to us and recently the company even lost its membership, which means the unregulated nature of their business fail to its promised obligations. In addition, the regulatory authority in the UK Financial Conduct Authority (Check out FCA Regulated Eightcap & LegacyFX brokers ) has issued its warning to the public investors since the company target UK residents without its legal permission to do so.

"BluVenture Group Ltd and its affiliated brands BlueBroker and BlueTrading were expelled from membership with the Financial Commission due to repeated violations and failures to adhere to membership Rules and Guidelines."

The Financial Commission. September 26, 2018.

"We believe this firm Blue Trading / Bluetrading.com / Blue Group has been providing financial services or products in the UK without our authorization."

FCA, September 2018

Blue Trading Review Conclusion

In conclusion, it is advised to avoid trading with the broker even though their offering might seem competitive and attractive. The safety of funds is always first, therefore we recommend choosing among regulated brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.

Blue Trading Update

Based on our research, the Blue Trading website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.