Blue Guardian started its journey in 2022 and has been offering diverse assets and funding ranges for prop traders. As a firm based in the UK, Blue Guardian offers a safe and reliable trading environment together with funded accounts from 10k to 200k. The one-time fee for a 10k account is just 87 USD, making the prop firm very competitive in the prop firm space. Let’s analyze how safe and attractive Blue Guardian’s services are and whether you can consider it as your main prop firm.
Blue Guardian Pros & Cons at a Glance ✔️❌
Let’s list some major pros and cons of Blue Guardian Forex prop firm.
✔️ Pros:
✔️ Offers withdrawals for 0 fees
✔️ Provides access to the advanced MetaTrader 4 platform
✔️ No profit targets after the evaluation phase
✔️ Up to 85% profit split
✔️ Low audition fees from 87 USD
Cons ❌:
The firm lacks reviews on the FPA ❌
🎯 Blue Guardian Key Features
✅ FPA score — N/A
✅ Year founded — 2019
✅ Headquarters — England
✅ Minimum audition fee — 87 USD
✅ Minimum funded amount — 10,00 USD
✅ Maximum funded amount —200,000 USD
✅ Allowed daily loss — 4%
✅ Profit target — 8% on 1st and 4% on 2nd phase, 0% after funding
✅ Maximum trailing drawdown — 8%
✅ Profit sharing (Payouts) — 85%
✅ Trading Platforms — MetaTrader 4
✅ Available trading markets — FX, FX Exotics, Indices, Gold & Commodities, and Cryptos
🚨 Safety
The firm has no reviews and trader feedback on the FPA platform but has got a 4.8 score on Trustpilot. The firm offers trading through its regulated partner brokers, making it a reliable choice for prop traders. Overall, Blue Guardian seems like a legitimate and reliable prop trading firm. The regulated broker partner of Blue Guardian is EightCap which is regulated by the ASIC of Australia.
💰 Funding and Capital Allocation
Blue Guardian funding options are diverse, from 10k to 200k. Other options include 25k, 50k, and 100k accounts. Traders need to pass evaluation phases before they can start making profits on funded accounts. Each of these steps requires slightly different profit targets, with phase one with 8%, phase two with 4%, and 0% after achieving the funded stage. This is very flexible for traders in the funded stage, as they can start making profits and withdrawals right away without worrying about achieving certain profit goals. The three funded accounts by Blue Guardian are Unlimited Guardian, Elite Guardian, and Rapid Guardian.
🌍 Assets
Blue Guardian offers diverse trading assets including Forex pairs, indices, commodities, and cryptos. There are no stocks or other assets. The leverage is set at 1:100 for FX pairs, 1:20 for indices, 1:20 for commodities, and 1:2 for cryptos. The leverage limits are different for the Elite accounts. For FX trading the maximum leverage is 1:50, indices 1:20, commodities 1:20, and cryptos 1:2.
⚖️ Rules and Limits
Blue Guardian rules are transparent and flexible, allowing traders to deploy different trading strategies and methods. For the three account types, the rules, and requirements are slightly different. One-click trading is not allowed and traders will have to use a lengthy process. This is because it is not allowed to trade without stop loss. Let’s list each of them to ensure traders can choose the most suited one.
Unlimited Guardian offers the lowest fees and requirements are as follows:
- Trading period – unlimited.
- Minimum trading days – 0 days, indefinite (trader phase)
- Profit target – 8% (1st phase), 4% (2nd phase), none (Guardian trader)
- Maximum loss – 8% at all stages and phases
- Maximum daily loss – 4% for all stages
- Account leverage – 1:100 for FX pairs
- Profit split – 85%
- Refundable fee – 87 USD (1st phase), free (2nd phase)
For the Elite Guardian funded account class, there are slightly different terms:
- Trading period – unlimited.
- Minimum trading days – 5 days, indefinite (trader phase)
- Profit target – 8% (1st phase), 4% (2nd phase), none (Guardian trader)
- Maximum loss – 10% at all stages and phases
- Maximum daily loss – 4% for all stages
- Account leverage – 1:50 for FX pairs
- Profit split – 85%
- Refundable fee – 120 USD (1st phase), free (2nd phase)
The Rapid Guardian allows traders to become funded after only completing phase 1 of the audition. The specs for the final type of funded accounts called Rapid Guardian are as follows:
- Trading period – unlimited.
- Minimum trading days – 0 days
- Profit target -10%, none (Guardian trader)
- Maximum loss – 6% at all stages and phases
- Maximum daily loss – 4% for all stages
- Account leverage – 1:100 for FX pairs
- Profit split – 85%
- Refundable fee – 97 USD (1st phase), free (2nd phase)
💸 Fees
The fees are one-time and refundable at Blue Guardian. For 10k accounts the lowest fee is 87 USD, and depending on the funded account these fees rise to 947 USD for 200k accounts. Different accounts also come with different fees. The unlimited guardian starts from an 87 USD fee on a 10,000 USD account, elite from 120 USD, and rapid from 97 USD.
As for the trading costs and commissions, EightCap offers spreads from 0.1 pips and charges 6 USD round turn per lot traded.
💻 Platforms
EightCap, which is the main partner broker of Blue Guardian, offers traders an MT4 advanced platform. MT4 allows automated trading and custom indicators, together with plenty of inbuilt technical indicators and tools. MT4 is available for both desktop and mobile.
📈 Profit-Sharing
The profit split is 85% at Blue Guardian, which is quite impressive, allowing traders to keep the majority of their earned profits. Traders can withdraw profits at any point they find necessary.
📚 Education
Blue Guardian lacks educational resources but offers a trading blog. The blog offers tutorials on how to use the firm’s tool Guardian Protector, which prevents traders from losing more than their daily loss limit. This tool is very useful as it helps traders never break the daily loss rule and stay in the game for the long term. This tool together with others can be found on the trader’s dashboard. The dashboard also offers performance metrics for traders, making it easier to check their stats.
🗣️ Support
Blue Guardian offers flexible support options including live chat, email support, and phone support. There is also an extensive FAQ section providing quick answers to general questions about the firm and its products. Both the website and support are only in the English language.
Final Thoughts: Is Blue Guardian Right for You? 🤔
Blue Guardian is a promising choice for traders seeking a flexible and affordable prop firm as it offers low audition fees, high-profit split, and access to the advanced platform MT4. Although Blue Guardian lacks the FPA evaluation, it has a very high score on Trustpilot and offers services through regulated brokers. Diverse funding options and account types ensure every trader can find value in Blue Guardian offerings.
