Item: Blue Dragon
Rating: 2.10

Blue Dragon

Saint Vincent and the Grenadines | 2-5 years |

Suspicious Regulatory License | MT5 Full License | Regional Brokers | High potential risk

https://www.bd-fx.com/en/

Website

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Company Summary

Blue Dragon Review Summary
Founded	2021
Registered Country/Region	SAINT VINCENT AND THE GRENADIES
Regulation	No regulation
Market Instruments	Forex, CFDs
Demo Account	❌
Spread	/
Leverage	Up to 200x
Minimum Deposit	$100
Trading Platform	MT5
Customer Support	Contact form
	Email: info@bd-fx.com; support@bd-fx.com
	Address: Suite 305, Griffith Corporate Centre,Beachmont, Kingstown,Saint Vincent and the Grenadines
	Vietnam Office: 22nd Floor, Ngoc Khanh Plaza Building, No. 1 Pham Huy Thong Street, Ngoc Khanh Ward, Ba Dinh District, Hanoi City, Vietnam.

Blue Dragon Information

Blue Dragon is a brokerage company with its domain registered in 2021. It was registered in SAINT VINCENT AND THE GRENADIES and has an office operating in Vietnam. It mainly focuses on trading services in forex and CFDs.

However, though the company offers the user-friendly MetaTrader 5 platform and trading tools like economic calender to convenience clients, it does not disclose much information about its products and trading conditions.

What's more, the broker is currently not being well-regulated by any official authorities, which further degrades its credibility and trustworthiness.

Pros and Cons

Pros	Cons
MetaTrader 5 platform	No regulation
Affordable minimum deposit	Limited transparency on trading conditions
	Withdrawal fees charged

Is Blue Dragon Legit?

The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Blue Dragon is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose Blue Dragon with caution.

What Can I Trade on Blue Dragon?

Per its website, Blue Dragon is a broker who mainly focuses on forex and CFDs trading.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Bonds	❌
Options	❌
ETFs	❌

Account

Blue Dragon did not disclose much of its account types, what we can extract from its non-informative website is that the broker requires a minimum deposit of $100 to open an account and does not charge any account opening fees.

The same amount applies for withdrawals. No withdrawal fee for up to one withdrawal in the same month; after the second withdrawal, a withdrawal fee of 30 dollars will be charged.

Leverage

Blue Dragon sets maximum leverage level at 200 times, regardless of the amount of funds under management.

Trading Platform

Blue Dragon also offers the industry-leading and reliable MetaTrader 5 platform, which has robust functionalities such as automate trading and technical analysis. This is undoubtedly shinning point of this company, but when choosing a broker to trade, you should always combine the highlights and lowlights.