Blue Trading is a company which offers managed account solutions to retail clients accross the world. What this basically means is that they will trade a forex or cryptocurrency account for you.
However, can they be trusted and are they legit?
In this comprehensive review, we will take an in-depth look into their managed account solution. We will analsyse their trading strategy as well as their platform technology and team members.
We will also take a look for information about them on a number of online forums and trading review sites. This will help to better inform our opinion about the service as it incorporates actual users.
With that being said, lets start with a short overview of what Blue trading is.
What is Blue Trading?
As mentioned, they offer managed account solutions. They were started in 2012 but originally only offered solutions for institutional clients. However, in 2015 they started taking on board retail investors.
They are headquartered in Japan and can be found at 6-2-30 Roppongi, Roppongi Hills Tower, Minato-ku, Tokyo, 100-0032, Japan. However, they also claim to have a host of sattelite offices all around the world.
If you wanted to get hold of the support staff or if you had any general questions then you could make use of their contact page. Here you can find all the relevant emails as well as the phone numbers that correspond to your local office.
They also claim that their team members have a combined 40 years of experience trading both Forex and most recently, cryptocurrencies. They use a strategy of combined technical and probabilstic trading to only enter the most profitable positions.
This trading strategy has worked for them as they have generated impressive monthly returns for their clients. If you wanted to get more information on their historical returns then you can visit their performance page.
Blue Trading Video
How Trading Works
Now that you have a brief idea of what services they offer, you may be wondering exactly how the trading works?
This is through the use of a master trading console and API connections which form the PAMM account. This means that they do not pool client funds when they are trading. They will keep your funds seperate from their other clients in your own individual account
This setup is more commonly termed a “PAMM” account in the forex markets. This is how Blue Trading is able to seemingly manage all of the 1,000 + accounts that they have all at the indiviual level.
The mirror trading console that they have set up will allow them to access the trading engines at a whole host of liquidity providers and prime brokers across the world. They have also connected their trading systems to a number of cryptocurrency exchanges. Below is a list of their partners.
They have also set up a client access panel which will let you log in and monitor your account as well as see the types of trades that were being placed. You can also process your withdrawals from this admin panel.
Fund Safety and Regulation
Unfortunately, Blue Trading does not appear to be regulated by any governmental body such as the FCA, SEC or Germany’s BaFin. This means that they may not be able to take clients from particular jurisdictions. They have a full list of excluded countries on their website.
However, they do claim to be a member of the Global foreign exchange comittee. This is a collection of private sector participants that want to take part in a diverse and open foriegn exchange market.
In terms of fund safety, your accounts monies are held at the brokers / exchanges. When you send your funds, they are placed directly with the Liquidity brokerage system. This means that the trading team does not have access to your funds in any capacity.
If you wanted to get more information on the policies and protocols at Blue Trading then you could take a look at their fund safety page.
Fees at Blue Trading
It is important to understand the fee structure at Blue trading.
Given that they are a managed account provider, they operate on what is called a “performance fee” basis. This means that you will get charged a fee based on the returns that they are able to bring you.
So for example, if they are able to generate you returns of €1,000 in the month then you will pay them a certain percentage of that. This will vary according to the account that you have set up with them.
This is the only fee that you will get charged by the firm and you will not be charged what is termed a monthly “management fee”. This is also a great fee structure because it aligns the incentives between Blue Trading and your account.
They will only get paid for returns that they are able to generate. If they cannot generate returns for you then then you will not have anything to pay.
Account Options and Verifications
If you were convinced by the Blue Trading offering then the first step that you would need to complete is registering an account. There are two account options that you can choose from. These include the Standard account and the VIP account.
The lowest investment amount that you can go with is the standard account which requires a minimum of €3,000. However, if you wanted the VIP account then you would be required to invest a minimum of €12,500. Below are the main differences between the accounts:
As you can see, the VIP account offers traders the benefit of a lower monthly performance fee than the standard account. You also get the benefit of no performance fees for the first 45 days of the account.
Of course, if you are not completely comfortable with the VIP account to begin with then you can always start with the standard account and upgrade. This seems to be something that the team at Blue Trading will allow at any stage of your account history.
Once you have created your account, you will be required to complete the KYC steps that Blue Trading has laid out. These are done in order to make sure that there is no money laundering or other nefarious activity on their platform.
In order to complete this verification, they will require you to send over an identity document such as a passport as well as a proof of address. The latter can be something like a bank statement or a utility bill.
Funding and Withdrawals
Once you have verified your account, you will need to fund it with the required amount of capital.
Unfortunately, at this time, Blue Trading will only accept fiat currency deposits via bank transfer. This is because the fees that are being charged by credit card processors are extremely high currently.
Alternatively, if you have Bitcoin and would like to fund your account with this then that is a possibility. This should take only a few minutes to arrive into your account and will depend on the backlog on the Bitcoin network.
If you are funding your account via Fiat currency such as Euros or dollars then a deposit will be done via Swift international wire as they are based in Japan. The time taken for this sort of funding to arrive in the account should be between 2-5 business days.
When it comes to withdrawals, Blue Trading appears to be relatively easy and straightforward. You can request a withdrawal straight from your online dashboard. These will be processed automatically at any time. However, you are limited to one withdrawal per month.
We have taken a look online at a number of other forums and user reviews to make sure that they did indeed receive their withdrawal requests and that these are honoured. There have been a number of comments by users who can attest to this. If you would like more information from these respective users then you can reach out to them in these individual forums.
From our review it is clear that Blue trading seems like quite a reasonable managed account offering. There attractive fee structure coupled with their immediate withdrawal functionality should be appealing to many users.
We also liked the manner in which they are technically able to control their PAMM accounts with their master console. Their relationship with a long list of well-known liquidity providers means that they are able to get the best spreads and rates on the assets that they trade.
While their lack of formal regulation may be a concern for some, their membership of the Financial Commission and the Global Foreign Exchange Committee may be sufficient for others. In the end you will have to decide how comfortable you are as a trader.
While we do not give investment advice, we can conclude that Blue Trading appears to be an attractive managed account solution with relatively consistent returns.
If you had any more questions about the product or their services then you can email them at firstname.lastname@example.org