Blue Guardian Capital Review (10% discount code: forexpropreviews)
4.3

Blue Guardian Capital Review (10% discount code: forexpropreviews)

Blue Guardian Capital strives to aid skillful and experienced traders to maximize their talents to their full potential with an opportunity to secure them with a funded account.
Home » Blue Guardian Capital Review (10% discount code: forexpropreviews)

Blue Guardian Capital follows the principle that you require sufficient capital and a well-developed strategy to have an edge in the financial markets.

Pros
  • Maximum balance of standard account up to $600,000
  • 85% profit split
  • Leverage up to 100:1
  • Unlimited evaluation free retries
  • Excellent Trustpilot rating of 4.5/5
  • Scaling plan with balance up to $1,800,000
  • Low evaluation profit targets of 6% for each phase
  • Overnight and weekend holding allowed
  • News trading allowed
  • Well-structured user dashboard
  • A large variety of trading instruments (forex pairs, commodities, indices, cryptocurrencies)
Cons
  • 5 Minimum trading days requirement
  • No free trial
  • Risk desk team

Traders at Blue Guardian Capital are encouraged to succeed in their careers. The main priority that they expect from their clients is that they are disciplined individuals who properly manage risk and focus on long-term consistency. They allow them to earn high profits by managing account sizes up to $1,800,000 and taking home profit splits of 85%. They can achieve this by trading Forex pairs, commodities, indices, and cryptocurrencies.

Who are Blue Guardian Capital?

Blue Guardian Capital is a proprietary trading firm incorporated in June 2019. They went public in September 2021 and started offering traders a chance to work with capital up to $1,800,000 in balance with 85% profit splits. They are partnered with Purple Trading Seychelles as their broker.

Their official name is Iconic Exchange Limited t/a Blue Guardian Capital.

Their headquarters are located at 2 Highlands Court, Cranmore Avenue, Solihull, West Midlands, England, B90 4LE.

Funding program options

Blue Guardian Capital offers its trader’s the following evaluation program accounts to choose from.

Evaluation program accounts

Blue Guardian Capital’s evaluation program account aims to identify serious, and talented traders, who are rewarded for their consistency in the two-phase evaluation period. The evaluation program account allows you to trade with 1:100 leverage.

Evaluation phase one requires a trader to reach a profit target of 6% while not surpassing their 4% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 30 calendar days from the day you place your first position on your evaluation account. You also have to trade for a minimum of 5 trading days in order to proceed to phase two.

Evaluation phase two requires a trader to reach a profit target of 6% while not surpassing their 4% maximum daily loss or 10% maximum loss rules. You are required to hit your profit target in 60 calendar days from the day you place your first position on your evaluation account. You also have to trade for a minimum of 5 trading days in order to proceed to a funded account.

By completing both evaluation phases you are awarded a funded account where you have no profit targets. You are only required to respect the 4% maximum daily loss and 10% maximum loss rules. Your first payout is 14 calendar days from the day you place your first position on your funded account. Your profit split will be 85% based on the profit you make on your funded account.

Evaluation program account scaling plan

Evaluation program accounts also have a scaling plan. You are required to reach a profit target of 12% or more within a four-month period where two out of the three months were profitable. You will receive an account increase of 30% of the original account balance.

Example:

After 4 months: If you have a $200,000 account, your account balance will increase to $260,000.

After next 4 months: Balance of $260,000 increases to $320,000.

After next 4 months: Balance of $320,000 increases to $380,000.

And so on…

Trading instruments for the evaluation program accounts are forex pairs, commodities, indices, and cryptocurrencies.

Evaluation program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Both evaluation phases have a profit target of 6%. Funded accounts have no profit targets.
  • Maximum daily loss is the maximum loss a trader can reach on a daily basis before the account is violated. All account sizes have a maximum daily loss of 4%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss of 10%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase, or request a withdrawal. Both phases have a 5 minimum trading day requirement. However, on a funded account there are no minimum trading day requirements.
  • Maximum trading days are the maximum period in which you are required to hit a specific profit target or withdrawal target. Phase 1 has a maximum of 30 trading days period while phase 2 has a maximum of 60 trading days period.
  • Risk desk team is a team that determines if a trader’s trading strategy is something that the prop firm is looking for. If they decide that your trading strategy is not eligible, you are awarded a refund on your evaluation account.
  • Third-party copy trading risk means that if you intend to use copy trading services, you should keep in mind that by using a third-party copy trading service, there might be other traders that are already using it and therefore exactly the same trading strategy. By using a third-party copy trading service, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.
  • Third-party EA risk means that if you intend to use an EA, you should keep in mind that by using a third-party EA, there might be other traders that are already using it and therefore using exactly the same trading strategy. By using a third-party EA, you potentially run the risk of being denied a funded account/withdrawal if you exceed the maximum capital allocation rule.

What makes Blue Guardian Capital different from other prop firms?

Blue Guardian Capital is different from most of the industry-leading prop firms due to never regulating your trading style, you can trade during news, hold trades overnight, and during the weekends. However, you should note that they have a risk desk team, so you should focus on fulfilling your trading strategy and making it consistent.

Blue Guardian Capital evaluation program on the other hand is a two-phase evaluation program that requires traders to complete two phases before being eligible for payouts. The profit target is 6% in each of the evaluation phases with a 4% maximum daily and 10% maximum loss rules, you are also required to trade for a minimum of 5 days in each phase before becoming funded. Evaluation programs also have a scaling plan. Compared to other industry-leading prop firms they have relatively low profit targets and minimum trading days.

Example of comparison between Blue Guardian Capital & True Forex Funds

Trading objectivesBlue Guardian CapitalTrue Forex Funds
Phase 1 profit target6%8%
Phase 2 profit target6%4%
Maximum daily loss4%5%
Maximum loss10%10%
Minimum trading days5 calendar daysNo minimum trading days
Profit split85%80%

Example of comparison between Blue Guardian Capital & Funded Trading Plus

Trading objectivesBlue Guardian CapitalFunded Trading Plus
Phase 1 profit target6%10%
Phase 2 profit target6%5%
Maximum daily loss4%5%
Maximum loss10%10%
Minimum trading days5 calendar daysNo minimum trading days
Profit split85%80% up to 90%

Example of comparison between Blue Guardian Capital & E8 Funding

Trading objectivesBlue Guardian CapitalE8 Funding
Phase 1 profit target6%8%
Phase 2 profit target6%5%
Maximum daily loss4%5%
Maximum loss10%8%
Minimum trading days5 calendar daysNo minimum trading days
Profit split85%80%

Blue Guardian Capital is different from most of the industry-leading prop firms due to never regulating your trading style, you can trade during news, hold trades overnight, and during the weekends. In addition, they also have a risk desk team who determines if your trading strategy is reliable enough to be profitable over a longer time period and if you will receive funding.

Is getting Blue Guardian Capital capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from evaluation programs is realistic mostly since they have relatively low profit targets (6% in each of the evaluation phases) with average maximum loss rules (4% maximum daily and 10% maximum loss).

After considering all of that, Blue Guardian Capital is an excellent choice to get funded since evaluation program accounts that you can choose from all have realistic trading objectives to follow and conditions to receive payouts. The only thing you should consider is their risk desk team who determines if a trader’s trading strategy is something that the prop firm is looking for.

Payment proof

Blue Guardian Capital was incorporated in June 2019. However, they went public in September 2021. You can request a withdrawal from them by passing their 2-phase evaluation and reaching a minimum profit of 4%.

You can find payment proof mostly on their telegram account, where most of their community shares it.

You can see an example in the two pictures below:

Which broker does Blue Guardian Capital use?

Blue Guardian Capital uses Purple Trading Seychelles as their broker. They aim to offer fair business conditions, state-of-the-art technologies and become equal partners to their clients.

As for trading platforms, they allow you to trade on Meta Trader 4.

Trading instruments

Blue Guardian Capital allows you to trade forex pairs with 100:1 leverage, commodities with 20:1 leverage, indices with 50:1 leverage, and cryptocurrencies with 2:1 leverage.

FOREX:USDCHFGBPUSDEURUSDEURJPYUSDCAD
AUDUSDEURGBPEURAUDEURCHFEURJPYGBPCHF
CADJPYGBPJPYAUDNZDAUDCADAUDCHFAUDJPY
CHFJPYEURNZDEURCADCADCHFNZDJPYNZDUSD
GBPAUDGBPCADGBPNZDNZDCADNZDCHFEURHUF
EURCZKEURDKKERUHKDEURNOKEURPLNEURSEK
EURTRYEURZARGBPDKKGBPNOKGBPSEKNOKSEK
USDCNHUSDCZKUSDDKKUSDHKDUSDHUFUSDILS
USDMXNUSDNOKUSDPLNUSDRUBUSDSEKUSDSGD
CADSGDUSDTRYUSDZAREURSGD
COMMODITIES:XAUUSDXAGUSDXPTUSDCOPPERNGAS
UKOilUSOil
INDICES:US30SPX500DAXUS30UK100
ESP35JPY225FRA40EUSTX50NAS100
CRYPTO:BTCUSDXRPUSDDASHUSDEOSUSDETHUSD
IOTAUSDLTCUSDNEOUSDOMGUSDXMRUSDBCHUSD
BNBUSDBATUSDETCUSDTRXUSDXLMUSDZECUSD
DOGEUSDSHBUSD1000ADAUSDSOLUSDDOTUSDAVAUSD

Trading fees

Trading commission:

AssetsFee terms
FOREX 3.5 USD / LOT
COMMODITIES 3.5 USD / LOT
INDICES 3.5 USD / LOT
CRYPTO 3.5 USD / LOT

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
MetaTrader 4PurpleTradingSC-02Demo13038375demo123Click here

Education & Support for traders

Blue Guardian Capital was incorporated in 2019 and was initially designed to be a Forex Signal provider and an education institution. However, this changed in 2021 when they decided to rebrand and introduce their prop firm evaluations to allow all traders to become funded.

While Blue Guardian Capital doesn’t have their thread on ForexFactory, they have been mentioned numerous times in another thread named ‘’PROP FIRM HUB’’ made by a user named Masterrmind.

To see the mentioned thread click here.

Another thread can be found on ForexFactory named ‘’PROP FIRM ELITE’’ made by PaulMF, where Blue Guardian Capital also gets mentioned numerous times. 

To see the mentioned thread click here.

Unfortunately, they don’t offer a free trial, although you can open a demo account with their broker Purple Trading Seychelles.

However, they do provide a well-structured dashboard that all of their clients can access, making it easier to manage risk with all the objectives about their statistics.

Traders comments about Blue Guardian Capital

Blue Guardian Capital has excellent feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with an average score of 4.6/5 out of 125 reviews.

Blue Guardian Capital has positive comments about themselves. Their community praises the whole team’s responsiveness and the prompt information they provide when something seems unclear to any of their clients.

Another positive feature their community is impressed with is the evaluation phase requirements compared to other firms. They are much easier to achieve, especially if you add the fact that you have almost no restrictions on your trading style.

Social media statistics

Blue Guardian Capital can also be found on social media.

They have a:

Support

Blue Guardian Capital has a FAQ page where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email support@blueguardiancapital.com.

Their live chat support team on their website is available during business hours from Monday – Friday: 10 AM – 6 PM GMT+1.

Conclusion

In conclusion, Blue Guardian Capital is a legitimate proprietary trading firm that offers traders a chance to choose between different evaluation program account sizes.

Evaluation programs are an industry-standard two-phase evaluation challenge that requires the completion of two phases before becoming funded and being eligible to earn profit splits. Blue Guardian Capital requires traders to reach profit targets of 6% in both evaluation stages before becoming funded which are realistic trading objectives considering you have a 4% maximum daily and 10% maximum loss rules to follow. With evaluation programs, you can earn 85% profit splits while also being able to scale your accounts.

I would recommend Blue Guardian Capital to anyone who is looking for a prop firm with straightforward trading rules and has developed a consistent trading strategy. They are a well-established prop firm that offers excellent conditions for a big pool of individuals with unique trading styles. The only thing you should consider is their risk desk team who determines if a trader’s trading strategy is something that the prop firm is looking for. After considering everything Blue Guardian Capital has to offer, they are for sure one of the better proprietary trading firms in the industry.

This review about Blue Guardian Capital was lastly updated on 26.08.2022 at 10:28 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does Blue Guardian Capital have the instruments that you want to trade?

Let us know if you enjoyed our Blue Guardian Capital Proprietary Trading firm review!

Use the following code for a 10% discount: forexpropreviews

Blue Guardian Capital Review (10% discount code: forexpropreviews) Details

Trading platform
Deposit Methods
Withdrawal Methods
Tradable instruments
Account Currencies
Leverage
Maximum capital allocation
Account size up to:
$200,000
Use code for 10% discount: forexpropreviews
*Choose your account size and make a payment
5.0
Fees
4.0
Trading platform
4.0
Deposit and withdrawal
4.0
Customer Support
4.3 Overall Rating

2 Replies to “Blue Guardian Capital Review (10% discount code: forexpropreviews)”

  • Tobi says:

    Wow 6% profit target on both stages this is great!

  • Sami says:

    Absolutely love their evaluation rules, low 6% profit targets and only 5 minimum trading days are really good for anyone, since you aren’t pressured by time to make such a small percentage!

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