You might seek an alternative to Blue Guardian due to its strict 10% maximum drawdown limit, which can be restrictive for traders using high-risk, high-reward strategies. In volatile markets, even one bad trade can quickly bring you close to account termination.
Additionally, the 1:100 leverage, while offering the potential for higher profits, significantly increases the risk of large losses. Traders who prefer more flexibility with drawdown limits and leverage options may find Blue Guardian''s conditions too limiting for their trading style.
Blue Guardian TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, Blue Guardian has currently 1k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.20/5.00.
When looking for a Blue Guardian alternative, it's important to find a firm with more flexible drawdown limits, especially if you prefer high-risk strategies. A less strict maximum drawdown allows traders to endure market volatility without immediate account termination.
Additionally, seek a firm with more balanced leverage options—high enough to capitalize on opportunities but not so extreme that it greatly amplifies risk. A good alternative should also offer strong risk management tools and features that support different trading styles and strategies while promoting sustainable trading practices.
Founded in Malta in late 2022 by a group of traders and investment managers, FunderPro was born out of the need to provide an opportunity for traders to be judged on their merit without pressure or unnecessary rules. FunderPro traders can trade in their own time, for as long as they want or need, there are no deadlines looming down nor petty restrictions to trip over.
SabioTrade burst into the industry with a number of unique features, thanks to which it immediately received positive feedback and is now actively expanding its base of traders. SabioTrade has a low barrier to entry due to cheap plans, a free 7-day Trial account, a 1-step assessment and a lot of free training materials. There is no time limit for assessment, and payments can be requested as soon as you make your first profit, with no minimum trading days or withdrawal amount restrictions.
FTMO is the latest in a burgeoning series of scouting programs. Propriety trading firms or “prop firms” put traders to the test (for a fee) through evaluations and challenges. The lucky few who pass are then funded with capital, and successful trades are split down a percentage with the broker. As scouting firms go, FTMO is an excellent all-rounder. Alongside a decent 80% payout for successful traders, FTMO equips users with webinars, workshops, and coaching.