In this article, we will be making a general and two-step comparison between True Forex Funds and Blue Guardian.
True Forex Funds & Blue Guardian Two-step Comparison
In this article, we will be making a general and two-step comparison between True Forex Funds and Blue Guardian. We will compare the two mentioned proprietary trading firms in general and what they are offering to forex traders worldwide.
Company Details
| Company Details | True Forex Funds | Blue Guardian |
|---|---|---|
| Incorporation Date | October 2021 | September 2021 |
| CEO | Richard Nagy | Sean Bainton |
| Office Location | Győr, Hungary | West Midlands, UK |
| Maximum Allocation Capital | $400,000 | $400,000 |
True Forex Funds and Blue Guardian are both reliable and trustworthy proprietary trading firms. True Forex Funds was incorporated in October 2021, while Blue Guardian started operating in September 2021. When it comes to CEOs, Richard Nagy is the CEO of True Forex Funds, while Blue Guardian is being run by Sean Bainton. True Forex Funds has offices located in Győr, Hungary, while Blue Guardian has its headquarters in West Midlands, UK. And lastly, when it comes to the maximum allocation capital, traders can manage $400k two-step evaluation accounts with True Forex Funds, while with Blue Guardian, traders can also obtain funding up to $400k. Note that both proprietary trading firms also have a scaling plan.
Funding Program Options
| Funding Program Options | True Forex Funds | Blue Guardian |
|---|---|---|
| One-step Evaluation | ✅ | ✅ |
| Two-step Evaluation | ✅ | ✅ |
| Instant Funding | ✅ | ❌ |
True Forex Funds and Blue Guardian both offer multiple funding programs to forex traders worldwide. True Forex Funds offers three two-step evaluations and a one-step evaluation. Blue Guardian, on the other hand, offers two two-step evaluations and a one-step evaluation.
That being said, let’s take a look at the comparison of the two-step evaluation programs.
Two-step Comparison:
| Trading Rules/Objectives | True Forex Funds (Standard) | True Forex Funds (Quick Funding) | True Forex Funds (Limitless) | Blue Guardian (Elite) | Blue Guardian (Unlimited) |
|---|---|---|---|---|---|
| Phase 1 Profit Target | 8% | 8% | 8% | 8% | 8% |
| Phase 2 Profit Target | 5% | 5% | 5% | 4% | 4% |
| Daily Drawdown | 5% | 5% | 5% | 4% | 4% |
| Overall Drawdown | 10% | 10% | 10% | 10% | 8% |
| Leverage | 1:100 | 1:100 | 1:100 | 1:50 | 1:100 |
| Minimum Trading Days | 5 calendar days | No minimum trading days | 5 calendar days | 5 calendar days | No minimum trading days |
| Trading Period | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: 30 calendar days Step 2: 60 calendar days | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited | Step 1: Unlimited Step 2: Unlimited |
| Profit Split | 80% | 80% | 80% | 85% | 85% |
Now that we have covered all the rules and guidelines of the two-step evaluation. Let’s take a closer look at prices.
| Account Size | True Forex Funds (Standard) | True Forex Funds (Quick Funding & Limitless) | Blue Guardian (Elite) | Blue Guardian (Unlimited) |
|---|---|---|---|---|
| $10,000 | €89 | €98 | $120 | $87 |
| $25,000 | €189 | €208 | $240 | $187 |
| $50,000 | €299 | €329 | $370 | $297 |
| $100,000 | €499 | €549 | $570 | $497 |
| $200,000 | €998 | €1,098 | $1,090 | $947 |
Brokers & Trading Platforms
After covering all the trading objectives, rules, and pricing, let’s take a closer look at brokers and trading platforms that we can use with each proprietary trading firm.
| True Forex Funds | Blue Guardian | |
|---|---|---|
| Broker | Tier-1 Liquidity Provider with Best Simulated Real Market Trading Conditions | Eightcap, Purple Trading Seychelles |
| Trading Platform | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Trading Instruments
Another important factor when comparing proprietary trading firms is trading instruments. Below you can see which trading instruments we can trade with True Forex Funds and Blue Guardian.
| Trading Instrument | True Forex Funds | Blue Guardian |
|---|---|---|
| Forex Pairs | ✅ | ✅ |
| Commodities | ✅ | ✅ |
| Indices | ✅ | ✅ |
| Stocks | ✅ | ❌ |
| Crypto | ✅ | ✅ |
Community Feedback
The last topic we will go through is community feedback from True Forex Funds and Blue Guardian. We will be looking at feedback from Trustpilot regarding both proprietary trading firms.
| Trustpilot Statistics | True Forex Funds | Blue Guardian |
|---|---|---|
| Rating | 4.7/5 | 4.8/5 |
| Number of Reviews | 2,257 | 631 |
True Forex Funds has a rating of 4.7/5 out of a total of 2,257 reviews, while Blue Guardian has a rating of 4.8/5 out of 544 reviews. Based on the statistics, we can clearly see that True Forex Funds is the more popular proprietary trading firm at the moment.
Conclusion
In conclusion, True Forex Funds and Blue Guardian are two excellent proprietary trading firm choices for any trader. We can see some clear differences regarding the trading rules and objectives, prices, and community feedback. In addition, we can also see that there is a difference regarding funding program options since True Forex Funds offers three two-step evaluations and a one-step evaluation. On the other hand, Blue Guardian offers two two-step evaluations and a one-step evaluation.
We will be ending the comparison with our special discount codes for each of the two compared proprietary trading firms. You can find both discount codes below!
Blue Guardian 10% active discount code: forexpropreviews
This comparison was lastly updated on 04.10.2023 at 10:29 (CE(S)T).
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So I want to buy Blue Guardian but I’m afraid. Do you know this company? Are they not scammers?
Hello, kindly note that Blue Guardian is a legitimate and trustworthy proprietary trading firm. They have recently rebranded from Blue Guardian Capital to Blue Guardian and changed some of their services. They made very beneficial improvements for all of their traders. You can check our in-depth review of Blue Guardian here: https://forexpropreviews.com/Proprietary-Trading-Firm/blue-guardian/.