Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

BluechipFx

Mauritius Mauritius | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.bluechipfx.com

Website

Rating Index

Contact

https://www.bluechipfx.com
6th Floor, Ken Lee Building 20th Edith Cavell Street, Port Louis Mauritius

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Mauritius
Operating Period
5-10 years
Company Name
BluechipFx
Address
6th Floor, Ken Lee Building 20th Edith Cavell Street, Port Louis Mauritius
Account Info
Verified Site
Relationship Map
Related Companies
Employees
About Us
Wiki Q&A
Comment

Users who viewed BluechipFx also viewed..

Exness

Exness

8.33
Score
10-15 yearsRegulated in CyprusMarket Making License (MM)MT4 Full License
Exness
Exness
Score
8.33
10-15 yearsRegulated in CyprusMarket Making License (MM)MT4 Full License
Official Website
STARTRADER

STARTRADER

8.56
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
STARTRADER
STARTRADER
Score
8.56
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
taurex

taurex

8.49
Score
5-10 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
taurex
taurex
Score
8.49
5-10 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
PUPRIME

PUPRIME

8.53
Score
ECN Account5-10 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
PUPRIME
PUPRIME
Score
8.53
ECN Account5-10 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Verified Site

  • bluechipfx.com
    72.167.87.111
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Relationship Map

vip Subscribe in the App to unlock!
Download App
vipvip
BluechipFx

Related Companies

FX BLUECHIP LLC(Arizona (United States))
United States
FX BLUECHIP LLC(Arizona (United States))
Active
United States
Registration No. L22547419
Est. Date
Source Official Statement
Employees

Company Profile

Company Profile

Review summary

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Information
Registered Country/Region Saint Vincent and the Grenadines
Found 2022
Regulation unregulated
Market Instrument 150+ currencies forex, CFDs, commodities, indices and cryptocurrencies
Account Type Standard, VIP and Raw
Demo Account yes
Maximum Leverage 1:400
Spread Vary on the account type
Commission no
Trading Platform MT5
Minimum Deposit $500
Deposit & Withdrawal Method Visa, MasterCard, Skrill, Neteller, Wire Transfer

BluechipFx is allegedly a forex and CFD broker founded in 2022 and registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 and variable spreads on the MT5 for Desktop, Android and iOS trading platforms, as well as a choice of three different live account types and 24/5 customer support service.

Here is the home page of this brokers official site:

home page

As for regulation, it has been verified that BluechipFx does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.59/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Negative Reviews

Some traders shared their terrible trading experience on the BluechipFx platform at WikiFX. They said BluechipFx is a scam and fraud platform that is unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

Market Instruments

BluechipFx advertises that it offers access to a wide range of trading instruments in financial markets, including 150+ currencies forex, CFDs, commodities, indices and cryptocurrencies.

Market Instruments

Account Types

Apart from demo accounts, BluechipFx claims to offer three types of trading accounts, namely Standard, VIP and Raw. The minimum initial deposit amount is $500 for the Standard account, while the other two account types have much higher minimum initial capital requirements of $15,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types

Leverage

The leverage provided by BluechipFx is capped at 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

BluechipFx claims that the spread for different account types is different. Specifically, the spread on the Standard account starts from 2 pips, the clients on the VIP account can experience spreads from 1.4 pips, while the spread on the Raw account is not specified directly. All charging no commissions.

Trading Platform

Platforms available for trading at BluechipFx are MT5 for Desktop, Android and iOS. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

BluechipFx says to work with numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Skrill, Neteller, and Wire Transfer. The minimum initial deposit requirement at BluechipFx is said to be as high as $500, while there is no mention of what the minimum withdrawal amount is. There are no deposit and withdrawal fees charged.

Deposit & Withdrawal

Customer Support

BluechipFxs customer support can be reached by telephone: +971 4 255 6168, email: support@bluechipfx.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Facebook and Instagram. Registered Address- Suite 305, Griffith Corporate Centre, Kingstown, St Vincent & the Grenadines P O Box 1510. Address- Office 308, Al Jawhara Building, Bank Street, Al Mankhool, Bur Dubai, Dubai – UAE P O Box 16621.

Pros & Cons

Pros Cons
• Multiple trading assets, account types and funding options • No regulation
• Demo accounts available • High minimum deposit ($500)
• MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is BluechipFx regulated?
A 1: No. It has been verified that BluechipFx currently has no valid regulation.
Q 2: Does BluechipFx offer demo accounts?
A 2: Yes.
Q 3: Does BluechipFx offer the industry-standard MT4 & MT5?
A 3: Yes. BluechipFx supports MT5.
Q 4: What is the minimum deposit for BluechipFx
A 4: The minimum initial deposit to open an account is $500.
Q 5: Is BluechipFx a good broker for beginners?
A 5: No. BluechipFx is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is it risky to trade with BluechipFx?

The WikiFX assessment indicates a low overall score of 1.49. BluechipFx operates without holding any verified forex trading licenses from recognized financial authorities. The broker is registered in Mauritius and offers account types including Standard, VIP, and Raw with entry requirements from $500 to $50,000 and leverage up to 1:400.

04-02
United States

When was BluechipFx established?

BluechipFx has been operating in the forex brokerage space for a period of 2 to 5 years.

04-02
United States

Is BluechipFx suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose BluechipFx or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with BluechipFx?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States
View More
Post a Review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Share your experience

Required...

Submit Now
Write a Review
5
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com