Blue Guardian Supported and Restricted Countries

It is important to take note of blue guardian supported and restricted countries, especially for traders looking to join the prop firm. Blue Guardian proprietary trading firm or prop firm gives traders the capital they need to trade a range of financial products, such as gold, commodities, indices, cryptocurrencies, and currencies. Blue Guardian, a two-year-old company based in the United Arab Emirates and run by CEO Sean Bainton, provides industry-standard tools through the MT4 and MT5 platforms. The firm collaborates with brokers such as Purple Trading Seychelles and EightCap. This article examines Blue Guardian supported and restricted countries, providing information on the firm’s global presence and compliance issues.

An Overview Of Blue Guardian

Blue Guardian offers traders capital in the $10,000–$200,000 range with the potential to scale up to $1,800,000. Depending on the account type selected, traders may have to pass a one-step or two-step review process before they can access this money. For Phase 1 of the two-step evaluation, the profit targets are 8%, and for the one-step evaluation, they are 10%. There are two types of accounts: Elite Guardian and Unlimited Guardian.

With maximum total drawdowns between 6% and 10%, the firm places a strong emphasis on effective risk management. The Unlimited package offers leverage at 1:100 for FX, while the Elite package offers leverage at 1:50. An 85% profit share is offered by Blue Guardian from the beginning of trading operations.

Blue Guardian Supported Countries

Operating on five continents and shipping to more than 160 countries, Guardian Glass is a distinct firm from Blue Guardian but significant in the context of global reach. This illustrates the broad logistical reach that a multinational corporation can have. The lack of limitations on a large number of countries suggests a broad operational scope, even if Blue Guardian supported countries are not specifically listed.

Many countries are classified as “developing countries” by institutions like the World Bank and the United Nations. Afghanistan, Albania, Algeria, Angola, Argentina, Armenia, and many more countries in Asia, Africa, and the Americas are among them. The designation of a nation as “developing” may have an impact on the firm’s risk assessment and compliance protocols, but it does not always limit access to services like those provided by Blue Guardian.

Blue Guardian Restricted Countries

Blue Guardian specifically prohibits the following nations from using its services:

• Cuba
• Iran
• North Korea
• Syria
• Pakistan
• Vietnam
• Kenya
• Myanmar

A number of issues, such as international sanctions, regulatory concerns, and risk management strategies, are probably to be blamed for these limits.

• Sanctions and International Regulations: The United States, the United Nations, and other nations have imposed a number of international sanctions on North Korea, Syria, Cuba, and Iran. Firms like Blue Guardian find it challenging to operate in certain countries due to the sanctions, which frequently limit financial transactions and business operations with them.
• Regulatory Concerns: Some countries have tight restrictions regulating financial services and trade activity. Access from nations whose local rules and regulations are difficult to follow may be restricted by Blue Guardian.
• Risk Management: Blue Guardian may also block access from nations with a high risk of fraud, money laundering, or other illicit activities. In the financial sector, this is a common procedure to shield the firm and its customers from possible losses and legal ramifications.

Trader Agreements and Compliance

Following the evaluation procedure, traders must sign a contract agreement with Blue Guardian. This contract, which describes the terms and circumstances of the trader-firm relationship, is a legally binding document. According to the agreement, an account will no longer be eligible for funding if it breaches any of the rules or trading conditions while being evaluated. In a similar vein, the funded account will be closed and the trading agreement will be terminated if an account violates the rules.

Additionally, Blue Guardian cautions that certain infractions might not be detected automatically and will be checked by their risk team when reviewing an account. This emphasizes how crucial it is for traders to follow the firm’s guidelines and trading restrictions in order to prevent any problems.

Types and Features of Accounts

The two primary account types that Blue Guardian provides are Elite and Unlimited. Access to a variety of assets, such as FX, exotics, indices, commodities, and cryptocurrencies, is offered by both account types. The leverage offered differs depending on the type of account; for example, the Elite package offers 1:50 on FX, while the Unlimited plan offers 1:100.

Additionally, the firm offers Trade Locker login credentials for spread watching. This enables traders to keep an eye on market circumstances and make wise choices. 

Method of Evaluation

Those who wish to become a funded trader with Blue Guardian must successfully complete an assessment. This usually entails reaching a predetermined profit objective and finishing a two-phase challenge on demo accounts. Based on the funded level, the challenge’s initial charge might range from $187 to $997.

The purpose of the evaluation process is to gauge a trader’s proficiency and risk management abilities. By passing the test, traders show that they have the ability to make money while following the rules set forth by the company.

Collaborations and Platforms

Brokers like EightCap and Purple Trading Seychelles are partners of Blue Guardian. These collaborations give traders access to trustworthy liquidity suppliers and trading platforms that are widely used in the industry. 

The firm provides the MT4 and MT5 systems, which are well respected for their functionality, selection of indicators, and knowledgeable advisors.

In conclusion

A proprietary trading firm, Blue Guardian gives traders access to capital and the ability to trade a range of financial products. Although there are a number of blue guardian supported countries, the firm restricts entry from Cuba, Iran, North Korea, Syria, Pakistan, Vietnam, Kenya, or Myanmar. International sanctions, regulatory issues, and risk management guidelines are probably the causes of these limitations. Blue Guardian places a strong emphasis on compliance and mandates that dealers follow its guidelines. The firm gives users access to reliable liquidity providers and industry-standard trading platforms, and it offers two primary account types: Unlimited and Elite.

Frequently Asked Questions

Why Does Blue Guardian Restrict Certain Countries?

• Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.

How Can I Verify If My Country Is Supported By Blue Guardian?

• You can check your eligibility by visiting Blue Guardian official website or reviewing their terms of service for the most current list of supported and restricted countries.

What Should I Do If My Country Is Restricted?

• If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.