Details About Blue Guardian
Legal Name: Iconic Exchange – FZCO
Company Number: 3045128
Country of Registeration: AE
CEO: Sean Bainton
Support Mail: [email protected]
Phone: Not available
Payment Modes: Credit/Debit Card, Crypto
Withdrawal Methods: Crypto, Rise
Website: https://www.blueguardian.com
Banned Countries:
Challenge Details at Blue Guardian
Types of Challenges: One Phase Challenge, Two Phase Challenge, Three Phase Challenge
Trading Platforms: MatchTrader, Trade Locker
Trading Instruments: Forex, Crypto
Broker: ThinkMarketsPurple TradingMatchTrader
Max Allocation: $800,000
Scaling: $2,000,000
Trading Competitions: Does not organize Trading Competitions
Free Trials: Does not offer free Trials
About Blue Guardian
Blue Guardian is one of the modern prop firms which has made quite an impact in the whole prop firm space, Blue Guardian was established in June 2021 and based in Dubai, UAE.
Blue Guardian was founded by led by CEO Sean Bainton who is also the Co-Founder of Aqua Funded. Since it’s start, Blue Guardian has paid over $10 million and has over 25,000 funded traders on their platform. Blue Guardian provides maximum capital allocation of $800,000 with the scaling plan which can scale the account up to $2,000,000 in funding.
Company Information
Company Name : Blue Guardian
Company Legal Name and Registration No. : Iconic Exchange FZCO
Company CEO : Sean Bainton
Company Address : Dubai Silicon Oasis, DDP, Building A2, Dubai, United Arab Emirates
Challenge Details
Blue Guardian provides 4 different types of Challenge Programs. Unlimited, Elite, Rapid and 3 Step programs.
Unlimited Challenge :-
Prices :
$10,000 : $78
$25,000 : $158
$50,000 : $238
$100,000 : $398
$200,000 : $798
Rules:
- Profit Target(Phase 1): 8%
- Profit Target(Phase 2): 4%
- Total Loss: 8%
- Daily Loss: 4%
- Profit Share: 85%
- Drawdown Type: Static
- Time Limit: Unlimited
- Leverage: 1:100 on Forex, 1:20 on Indices and Commodities , 1:2 on Crypto.
- Max Lot Size: no limits
- Payout Frequency: 14 Days
- Allows Copy Trading: Yes
- Min Trading Days: 3 Days
Elite Challenge :-
Prices :
$10,000 : $112
$25,000 : $224
$50,000 : $320
$100,000 : $496
$200,000 : $960
Rules:
- Profit Target(Phase 1): 10%
- Profit Target(Phase 2): 4%
- Total Loss: 10%
- Daily Loss: 4%
- Profit Share: 85%
- Drawdown Type: Static
- Time Limit: Unlimited
- Leverage: 1:50 on Forex, 1:10 on Indices and Commodities , 1:2 on Crypto.
- Max Lot Size: no limits
- Payout Frequency: 14 Days
- Allows Copy Trading: Yes
- Min Trading Days: 3 Days
Rapid Challenge :-
Prices :
$10,000 : $78
$25,000 : $158
$50,000 : $238
$100,000 : $398
$200,000 : $798
Rules:
- Profit Target: 10%
- Total Loss: 6%
- Daily Loss: 4%
- Profit Share: 85%
- Drawdown Type: Static
- Time Limit: Unlimited
- Leverage(In Evaluation Phase): 1:100 on Forex, 1:20 on Indices and Commodities , 1:2 on Crypto.
- Leverage(In Funded Phase): 1:50 on Forex, 1:10 on Indices and Commodities , 1:2 on Crypto.
- Max Lot Size: no limits
- Payout Frequency: 14 Days
- Allows Copy Trading: Yes
- Min Trading Days: 3 Days
3-Step Challenge :-
Prices :
$10,000 : $59
$25,000 : $139
$50,000 : $219
$100,000 : $349
Rules:
- Profit Target(Phase 1): 6%
- Profit Target(Phase 2): 6%
- Profit Target(Phase 3): 6%
- Total Loss: 8%
- Daily Loss: 4%
- Profit Share: 85%
- Drawdown Type: Static
- Time Limit: Unlimited
- Leverage(In Evaluation Phase): 1:100 on Forex, 1:20 on Indices and Commodities , 1:2 on Crypto.
- Leverage(In Funded Phase): 1:50 on Forex, 1:10 on Indices and Commodities , 1:2 on Crypto.
- Max Lot Size: No Limit
- Payout Frequency: 14 Days
- Allows Copy Trading: Yes
- Min Trading Days: 3 Days
Scaling Plan
Blue Guardian offers a simple scaling plan, To be eligible for scaling up , trader must make at least 12% profit in 3 months of time period, after meeting this criteria, the account size will be increased by 30%.
Constantly making 12% profit in every 3 months will increase the account size up to $2 million.
Spreads and News Trading Rules
Spreads
Blue Guardian offers Raw spreads.
News Trading Rules
Blue Guardian allow trading only in evaluation phases. after being funded, traders are not allowed to trade before and after 2.5 minutes of a high impact news or red folder event. Profits made during this 5 minutes window will be removed. This will not lead to any violation.
Other Important Rules :-
Daily Drawdown Calculation
Daily Drawdown is calculated based on the account balance or equity whichever is higher at the end of the day and based on the higher value the drawdown amount will be calculated, In simple terms this is equity based drawdown and the drawdown amount can grow and shrink based on the current balance or equity.
Countries Banned from Purchasing
Blue Guardian has no restriction when it comes to who can purchase or not.
Prohibited Strategies
Blue Guardian prohibits few strategies :
- Use of platform or data freezing due to a Demo Server error.
- Using Delayed Data feed
- Gap Trading
- High-Frequency Trading
- Reverse Arbitrage
- Latency Arbitrage
- Spamming Order Books
- Tick Scalping
- Hedging
- Hedge Arbitrage
- Server Execution
- Copy Trading and management by a third party vendor.
- Using any emulator.
Payout Methods :
Blue Guardian offers two methods for payout -
- Riseworks - For payout above $500, Payout can be withdrawn in crypto or transfer straight to the bank.
- Crypto - For payout below $500.
Trading Commissions :
Commissions are set to $5 per lot for forex and commodities. For crypto and indices, the commissions are set to $0.
$10,000 : $78
$25,000 : $158
$50,000 : $238
$100,000 : $398
$200,000 : $798
$10,000 : $112
$25,000 : $224
$50,000 : $320
$100,000 : $496
$200,000 : $960
$10,000 : $78
$25,000 : $158
$50,000 : $238
$100,000 : $398
$200,000 : $798
$10,000 : $59
$25,000 : $139
$50,000 : $219
$100,000 : $349
Constantly making 12% profit in every 3 months will increase the account size up to $2 million.