Blue Guardian Capital Review: Scammers Won’t Fund You
Welcome to the Blue Guardian Capital review. The company is operated from blueguardiancapital.com website and they want to “fund your trading account”.
But first, if you want to get ”funded’, you must pay an upfront fee which ranges between $189 and $897 respectively. Students have to pass a trading combine.
There are 2 phases until you can get to the actual ‘funding’ phase. Is this real or another kind of ‘we will fund you’ scam?
Blue Guardian Capital review: It’s a big scam
The company is luring traders with a profit split of 85% and up to $1,800,000 in funding. They claim that their evaluation parameters are competetive.
This must be a good deal to any under-capitalized trader out there. However, you must ask yourself how many traders fail in these kind of trading combines?
Statistically the percentage is very high… it is like 95% of traders who join these combines end up failing and losing their fees.
Scams like True Forex Funds and Funded Trading Plus are making a kill out of this silly financial game. Blue Guardian Capital is no exception.
The truth is, most students will fail the trading combine (which involves testing trading skills on a demo account). If you can achieve a certain profit percentage in the first month, you will be moved to the second phase and if you achieve the specified profit percentage in that phase, you are promised a live funded account.
Usually a skilled trader will pick the highest package on the blueguardiancapital.com website because they want to trade with big money sooner. This would mean paying the $897 fee upfront.
But majority of students will start with the basic package with the intention of learning as they grow a small account.
Nevertheless, blueguardiancapital.com would still have an advantage over all of these traders. Why? The company is collecting fees in exchange for a demo trading account.
A demo trading account is supposed to be free at any retail brokerage. Why should you pay for one?
Keep in mind that their website claims that the fees are refundable. In the real sense, a scam will never refund you anything. Their agenda is to dangle the carrot, make you believe that they’re offering something that you really need only to convince you to pay the fees for a “funded account” that you will never see.
Blueguardiancapital.com Review: Who’s behind this shady website?
The company is called Iconic Exchange limited and the CEO is Bainton Sean finbar. This is just to make things look professional but behind the vail of the website, we find a can of worms.
Is there any evidence that Blue Guardian Capital funded some traders?
The answer is no. The company has never publicly released such evidence. In fact, it is not there in the public domain. We only found bogus reviews of this company on the usual Trustpilot Mecca of fake trading product reviews.
The company has invested time and resources in cleaning their Trustpilot profit in order to gain trust. Cleaning their profile also involves posting fake positive reviews in order to boost ratings.
This is how crooks achieve ‘legitimacy’ on the skewed reputation management website. As long as such vendors can align the pocket of the Trustpilot owners, they are free to post whatever they want.
The Conclusion of this review
Stay away from funded trading account scams or the so-called trading combine schemes. 99% of them are fake. How to know if one is fake is so easy. Just look at whether the company is charging upfront fees or not.
In the particular case of Blue Guardian Capital, it failed to tick most checkboxes in our list of items that validate a real prop firm. The more we dig into this funded trading account scheme, the more we find evidence of fraud.
Thanks for reading this review.
Samuel Kimball
They scammed me. Can no longer access my account and they won’t respond to any messages. And they so conveniently don’t list the phone number.