And another update. I've decided to illustrate my first hand experience with Blue Trading.
This is a day by day recap of things that happened that were noteworthy.
- June 6th: Started my account with Blue Trading, made my first Deposit
- June 9th: Second Deposit Made (Account is now VIP)
- July 1st: Account has now made 19.73% of initial investment. Website says 18.65% but I imagined that’s because I came in on the 6th of June, and not the 1st.
- July 10th: Despite my account being VIP, I’m charged a performance fee. I confront Blue Trading about this. The situation is rectified within the hour (yay)
- July 30th: By this time, I was starting to become skeptical about BlueTrading.com and attempted to make my first withdrawal (1000)
The initial response was, and I quote from the e-mail:
“Dear Mitchell,
Thank you for your document!
At this time, withdrawals from your country by bank wire must be done using Cryptocurrency. You may open an account with any Crypto exchange to receive the funds instantly today and then transfer them to your bank account instantly.
Open a Crypto Account at any of these Instant Providers.
Warmly,
Emma Parsons | Finance Team”
I ask why I wasn’t informed of this beforehand, since I was asking to withdraw to the same account I used to deposit (to which I got no reply). I request to withdraw into my Dutch bank account instead. Approved, money in my account within 12 hours of request. Having received my money in good order, I decide to deposit the small withdrawal.
- August 3rd: The website shows 20.02% profit for July, but my profit is “only” 14.65%. I confront them about it. The response I received was, and I quote:
“ Sorry Mitchell, your account is not on the Tier 1 Liquidity source because of the small size, I will make sure you get all Crypto trades now.
Cheers.”
But the website CLEARLY states "All client Managed Trading Accounts will receive all of the trades our Trading Desk Manager feels best suited to our diversified approach" (On the track record page, all the way at the bottom)
Having opened a VIP account, I assumed I would get all trades. But I guess it was still a “small size” Also, no name was given in the response. This behavior continued, until the person said (and again, I quote)
“Making 15% isn't acceptable?
Then please close your account.
Have a great weekend! “
Followed by:
“No Mitchell...
You don't have to refer anyone to us, feel confidence in us, or keep trading with us at all! You are welcome to close your account and I will require it if you continue to constantly complain about small things when we are all very LUCKY these amazing traders trade retail accounts on this level.
Have a good weekend. Going to the golf course now.
Best regards, Brian Hart”
At least a name was given that time. If you check the forums on Forexpeacearmy you will see that I refer to them being rude, Hannah denies this. I have the mail, I can send screenshots.
- August 3rd: At this point, my worry about whether or not I would get back my (to me... sizable) investment led me to request a withdrawal of my full initial amount. The reply told me that I couldn’t withdraw to my Dutch account (which worried me) but that I could open a crypto wallet instead, which I did. Upon giving them my receipt address, I received my funds, in full within 2 hours of request.
- August 7th: Redeposited 1000 is credited to account
- August 8th: On Youtube, there's a video on the Blue Trading Reviews channel, where someone named Jimmy Scarff posed as a user. I contacted him, I wanted to hear from him to see whether or not my experience with Blue trading is common. We had a nice conversation. At the end of which I suggested we make a forum or Facebook group for Blue Trading users. This was done for two reasons. I wanted to hear about more people's experience with them. And I wanted prospective clients to have a forum where they could see what they're getting themselves into (good returns. TERRIBLE service)
- August 9th: I wake up to an e-mail stating, and I quote:
"Dear Mitchell Pietersz,
I hope this message finds you well.
I am afraid we are now receiving messages from clients that they are being contacted by you and find it very irritating to be constantly dealing with your daily shenanigans. We will be closing your account. Please submit a withdrawal form immediately.
No further fees will be deducted from your account including last month. This decision is final and will not be discussed any further. We hope you understand our decision.
Click "Withdrawal" on the top of the platform to make a withdrawal immediately.
Best regards,
Hannah"
Followed up by:
"Hi Mitchell,
Kindly provide the withdrawal form as we do require it for the exchange AML policies for all outward transfers.
Additionally, please delete your Facebook group you have created. Thank you. Have a nice weekend.
Best regards,
Brian Hart | Client Relations Manager"
Please note, these e-mails were not sent to the account I registered to blue trading with. And they knew about the facebook group, which was secret. The only explanation being that their so called "client" Jimmy Scarff is a shill who's working for them. He's Australian, so if you're ever on the phone with someone with an Australian accent from Blue Trading, it's likely him. Note: All of Jimmy's comments were since deleted from Youtube.
So that's it. 2 months, 36% ROI, got all my money, got out in one piece (well, technically... 1.36 pieces)
Steer clear of these people. Yes, the returns are amazing, but given this level of operation, who knows when things will go south.
Also, if ANYONE (yes, I'm looking at you, Hannah) wants to tell me I'm lying, I've still got all my statements, I've still got all the e-mails, all of which I'd be happy to post.
Be safe y'all.