BlueTrading.com Review
BlueTrading has posted a response to the Financial Commission's action. CLICK HERE to view or add your own response.
Website is down. Company seems to be out of business.
Recent User Reviews of BlueTrading.com
Scammed again
5 Stars for Best Scam Ever -
Scammers they have stolen all my money
Russian people hidden behind brilliant English names have emptied all customers' accounts.
Blue Trading is a Ponzi scam
Scammers
They have run off with everyone's money they should be made liable I am one of those unfortunate people who lost 15k
Feb 9, 2019 - 5 Stars I joined up January this year I am very happy to report they are a legitimate team, I am very happy with my returns so far five stars to them!
Surprise! Surprise!.... NOT
Oct 23, 2018 - No Rating Having gone through so many managed fund website in my quest to differentiate what is a real managed fund and what is a potential scam, here's what I can share with everyone looking to invest with Bluetrading.
What I found out is a managed fund DO NOT hold an investor's fund. As such why Bluetrading insist on ppl deposit money with them is suspicious.
Take for example UK-based, registered and licensed Hartswell Capital Management and Brookestone Management or Dubai's SCG (Success Capital Group), these companies will link investors with a FCA or some other regulated Forex Broker like SwissQuote, FXCM, Hotforex etc (that, by law, must segregate investors fund from theirs).
Investors are then advised to open an account with these brokers and sign a limited power of Attorney LPOA agreement that gives these fund managers the right to trade with their money.
These Managed fund companies need not be regulated by FCA or others themselves but the forex broker they use must (as that is where investors' funds are). These are the same as when we use PAMM, MAM accounts with regular forex broker. The traders we choose to trade with our fund have no way of accessing our account directly.
If I am wrong pls enlighten me.
It looked too good to be true
I even had referral accounts and was making earnings from them. Luckily I advised them as well to withdraw their investments and no losses occurred. Imagine - having refereed to friend who then loose their money, what a disaster.
What made me suspicious and triggered my investment withdrawal was
- changing contact persons
- pdf account statement inconsistent with web-page, but changing and adapting all the time (just something that would not happen in a real account).
- no real company address (company unknown in the building)
- audit by some company in Africa
- bank deposit to some strange company in Germany, with the house blanked in google streetview
- bank withdrawals payout from changing sources
- withdrawal requests via email (why not implement this in a password protected area in mirror trader as other platforms do)
- mirror trader web page - why was there the bloomberg channel, a trading chart etc. All this makes absolutely no sense for mirror trading.
- company existed apparently since 2012, started trading 2015, but the domain was only set up much later
I admit that many of the above mentioned was already there in the beginning, but the high gains can make one blind. There was always a bit of hope and they also appeared to work on improving the platform etc., yet I always said to my friends, "let's see how long they will still be there". And even now that they went away with the remaining funds, one could still have a bit of doubt and believe that it is true, it was just a software error. But seeing it from some distance - it was a scam.
The reason I write this here is to warn you all including myself for the future - lesson learned: If a company has no real address, no real audit, no regulation, but just invented awards and performance that is higher than anything else, be even more suspicious and do not invest at all, unless you can afford to loose the money! Bluetrading writes that they will come back with a different company name - be warned, they will do the same thing again...
Oct 27, 2018 - 4 Stars Hi, I am an investor with bluetrading since March 2018. I was very skeptic in the beginning, made only the minimum required deposit and was constantly checking on the account. After two months I made a withdrawal just for testing. It has been promptly executed. I then decided to deposit more funds and take the account to VIP level. The performance I see on my account matches the results published on their webpage. The account value tripled by now, and I still leave my initial deposit with them. Because the trade sizes also grow with account balance, one can expect an exponential growth if the performance of BT remains good.
My periodicity of checking the account reduced from daily to usually Friday nights. Then all trades are closed. I see the whole thing a bit as a game and by now I am quite relaxed about BT. I would advice to simply only deposit funds that you are willing to risk – after all it is trading, and there is risk involved, though it seems to me that they have extremely good risk management in place.
The support team has always been prompt and friendly in replying to my questions and concerns. More in-depth questions related to the actual trading have not been answered by the first-level support team, but I have even been put in direct contact with trading team in that case, which I thought was great.
I plan to do first "real" withdrawals middle of next year and then will report again.
Scammers
Bluetrading.com did end up being a full on scam. Massive draw down on accounts. They are blaming software malfunction. BS. Putting my account into negative balance. 3600euro to minus 260euro. They should be watching their backs.
Regards Roderick
Nov 29, 2018 - 5 Stars
Hi to All
I have been with Blue trading for 19 weeks now. Joining as a VIP member depositing my funds via Bank Transfer.
Funds were cleared and my account was up and running with in 24 hours. Being with them now for 19 weeks with one week showing a small lost. Average returns have been showing a monthly of 15% to 20%. I have made several withdrawals via Bitcoin with the funds showing in my Wallet with in hours.
What I find on their web site is true and correct. Also the Mirror platform keeps me up to date on my portfolio 24/7. Their support is second to none getting back to me with in hours.
I give Blue Trading five stars and more, they stand head and shoulders above most managed funds.
Kind Regards to all FPA members and here's to a good year ahead with your investments.
Cheers Roderick ONeal
Aug 25, 2018 - 5 Stars Hi to all.
I have been with Blue Trading just on a month now. I signed up as a V.I.P investor, up to this time the returns are past my expectations and the support is second to none. Keep up the great work Blue Trading.
Cheers
Roderick