Blue Guardian Review and Analysis
Overview
Blue Guardian, legally known as Iconic Exchange FZCO, is a proprietary trading firm established in September 2021. Headquartered in Dubai Silicon Oasis, DDP, Building A2, Dubai, United Arab Emirates, the firm is led by CEO Sean Baiton. Blue Guardian offers traders four account types with various evaluation processes: two two-step evaluations, a one-step evaluation, and a three-step evaluation. The firm is partnered with a tier-1 liquidity provider, ensuring top-tier simulated real market trading conditions for its traders.
Funded Accounts
Blue Guardian provides traders with a selection of three funding program accounts to pick from:
- Unlimited Guardian: This 3-phase funding program offers between $10,000 and $200,000 in funding with no time limit or minimum trading days. The profit target is set at 8% for Phase 1 and 4% for Phase 2, with traders keeping 85% of their profits. The maximum daily loss is capped at 4%. Fees range from $87 to $947, depending on the chosen funding level.
- Elite Guardian: Similar to the Unlimited Guardian, this 3-phase program offers the same funding range and profit targets. However, it requires a minimum of 5 trading days. The profit split is 85%, and the maximum daily loss remains at 4%. Fees for the Elite Guardian account range from $120 to $1,020.
- Rapid Guardian: This 2-phase funding program provides quicker access to funding, offering between $10,000 and $200,000. The profit target for Phase 1 is set at 10%, higher than the other accounts. The profit split remains 85%, and the maximum daily loss is also capped at 4%. Fees range from $97 to $947, depending on the funding amount.
Challenge Overview
Blue Guardian specializes in forex trading and offers a structured two-step evaluation process to assess traders' skills and discipline. In Phase 1, traders have 40 days to meet specific objectives and demonstrate their trading abilities. Success in this phase allows them to advance to Phase 2, an 80-day period where their trading results are further tested.
Traders who pass both phases become funded "Guardian Traders", keeping 85% of their profits. Additionally, consistent and responsible trading can qualify traders for an increased account balance through Blue Guardian’s scaling plan, offering the potential for career growth and substantial earnings.
Pros and Cons
Let’s talk about the good stuff …
- Generous 85% Profit Split: Funded traders keep a significant share of their earnings, making Blue Guardian highly rewarding for successful traders.
- Flexible Trading Timeframes: Traders can choose trading periods that fit their schedules, offering flexibility for those with varying time commitments.
- Variety of Account Types: Blue Guardian offers multiple account programs, catering to different trading styles and preferences.
- Access to Diverse Trading Instruments: Traders can diversify their portfolios with a wide selection of assets, enhancing their overall trading experience.
...and the bad
- Strict 10% Maximum Drawdown: The firm enforces a strict 10% maximum drawdown limit, which can lead to account termination if exceeded. This restriction is particularly challenging for traders using high-risk strategies, as a single bad trade in volatile markets can quickly bring them near the threshold.
- High Leverage (1:100): While the maximum leverage of 1:100 offers the potential for significant gains, it also amplifies the risk of substantial losses. Traders may be tempted to take overly large positions, increasing the likelihood of rapid account depletion if trades go wrong.
Evaluation Metrics
Overall metrics
- Challenge difficulty: Blue Guardian has one of the most lenient rules for evaluation programs.
- Customer support: Blue Guardian provides excellent customer support, a critical feature for traders needing assistance with issues beyond their control. Blue Guardian offers 24/7 technical support through multiple channels, including email, live chat, and tickets.
- Fee: Blue Guardian Fees and Commissions Overview
Blue Guardian offers a transparent and trader-friendly fee structure. Traders pay an initial fee based on their chosen account balance, which is fully refundable upon completing the trading challenge. The firm takes a 15% share of the profits, allowing traders to keep a generous 85%.
A notable aspect of Blue Guardian is its transparent universal fee, which applies to trades. Unlike some firms, Blue Guardian clearly communicates this charge. Spreads and trading fees are set by their broker, but traders partnered with Blue Guardian benefit from tighter spreads and lower fees compared to trading directly with the broker. There are no hidden fees, ensuring a clear and straightforward trading experience.
- Payout scheme: initial payout is made 14 days after the funded account is formed, with an 85% profit share determined by the profit generated.
Meet the CEO
Sean Baiton, the CEO of Blue Guardian, brings years of trading expertise and deep experience in the proprietary trading firm industry. With a solid understanding of the field, Sean offers a wide range of trading services, including signal provision, machine learning, and quantitative analysis for developing trading bots.
Under Sean''s leadership, Blue Guardian has developed a strong strategy to achieve both short and long-term goals. His pivotal role in shaping and executing the company's vision and mission has been instrumental in the firm's establishment and ongoing success.
Frequently Asked Questions (FAQs):
Who is the CEO of Blue Guardian?
Sean Baiton is the CEO of Blue Guardian. His pivotal role in shaping and executing the company''s vision and mission has been instrumental in the firm''s establishment and ongoing success.
How trusted is Blue Guardian?
The trusted source of information on fintech matters SBO, gave Blue Guardian a 3/ 5.00 rating based on analysing 20+ criteria and testing. Blue Guardian is currently in 10th place in this ranking. FunderPro is currently rank as the number one.
