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No Regulation
Score
1.65 /10
Danger
Blue Whale Markets
Within 1 yearSuspicious Regulatory License
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index3.75
Risk Management Index0.00
Software Index7.73
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-11-15
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Blue Whale Markets | Basic Information |
| Registered Countries | USA |
| Regulation | Unregulated |
| Minimum Deposit | $0 (Standard), $1,000 (Prime), $10,000 (ECN) |
| Maximum Leverage | 1:400 |
| Minimum Spread | From 1.5 pips (Standard) |
| Trading Platform | MetaTrader 5 (MT5) |
| Trading Assets | Forex, Commodities, Crypto, CFDs, Indexes, Stocks |
| Payment Methods | VISA, Mastercard, Bitcoin |
| Customer Support | Phone, Email, Online Chat, 24/7 |
| Bonus Available | No |
| Demo Account | No |
Blue Whale Markets Information
Blue Whale Markets offers 400+ forex, commodities, crypto, and stock assets. It offers three account types, attractive spreads, and leverage up to 1:400 without regulation.
Pros and Cons
| Pros | Cons |
| Low spreads | Unregulated |
| 24/7 multilingual support | No demo or Islamic accounts |
| MetaTrader 5 platform | High minimum deposit for ECN account |
Is Blue Whale Markets Legit?
Blue Whale Markets is unregulated in its registered nation the USA. No major regulatory authorities like the FCA in the UK or ASIC in Australia regulate it.
From January 24, 2024 to January 24, 2026, bluewhalemarkets.com was registered. It was last updated on February 23, 2024, and is now clientTransferProhibited, meaning it cannot be transferred without permission.
What Can I Trade on Blue Whale Markets?
Blue Whale Markets offers access to over 400 different assets. You can trade a variety of products including stocks, indices, commodities, cryptocurrencies, and currency pairs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indexes | ✔ |
| Stock | ✔ |
| ETF | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Types
Blue Whale Markets offers three accounts: Standard (no deposit, spreads from 1.5), Prime ($1,000 deposit, spreads from 0.8), and ECN ($10,000 deposit, spreads from 0.0) with leverage up to 1:400. Demo and Islamic accounts are not accessible.
| Account Type | Initial Deposit | Spreads | Leverage | Financing Cost | Suitable For |
| Standard Account | $0 | From 1.5 | Up to 1:400 | No financing cost | Beginners or low-cost traders |
| Prime Account | $1,000 | From 0.8 | Up to 1:400 | Not specified | Intermediate traders |
| ECN Account | $10,000 | From 0.0 | Up to 1:400 | Not specified | Advanced traders, low spreads |
Leverage
The maximum leverage at Blue Whale Markets is 1:400 for all accounts.
Blue Whale Markets Fees
Generally in line with industry norms, Blue Whale Markets' fees provide low spreads and vary based on the type of account.
Trading Fees:
Blue Whale Markets spreads vary by account type.
Standard Account spreads start at 1.5 pips.
Spreads start at 0.8 pips for Prime.
ECN Account: Spreads start at 0.0 pips, commissions apply.
Commissions:
Standard and Prime Accounts have no transaction commissions. Unspecified commissions may apply to the ECN Account.
Swap Rates:
Blue Whale Markets charges overnight swap rates for positions held overnight, depending on the instrument and account type.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 5 (MT5) | ✔ | Windows, Mac, Android, iOS | All traders (beginner to advanced) |
| MetaTrader 4 (MT4) | ❌ | Not supported | Not available |
| WebTrader | ❌ | Not available | Not available |
| Proprietary Platform | ❌ | Not available | Not available |
Deposit and Withdrawal
Blue Whale Markets levies no deposit or withdrawal fees. Account type determines the minimum deposit; the Standard Account has no minimum; the Prime Account requires $1,000; and the ECN Account requires $10,000.
| Payment Method | Min. Deposit | Min. Withdrawal | Fees | Processing Time |
| VISA | $0 / $1,000 / $10,000 (based on account type) | Not specified | None | Deposit: Instant |
| Withdrawal: 1-5 business days | ||||
| Mastercard | $0 / $1,000 / $10,000 (based on account type) | Not specified | None | Deposit: Instant |
| Withdrawal: 1-5 business days | ||||
| Bitcoin | $0 / $1,000 / $10,000 (based on account type) | Not specified | None | Varies |
Customer Service
Blue Whale Markets offers email, phone, and online form multilingual help available 24/7. The given support guarantees traders' ability to seek help whenever they need it.
| Contact Options | Details |
| Phone | +52 229 558 4242 |
| support@bluewhalemarkets.com | |
| Support Ticket System | Not provided |
| Online Chat | Available via website |
| Social Media | Not specified |
| Supported Language | Multilingual |
| Website Language | Not specified |
| Physical Address | Almacigo #182, Jardines de Virginia Subdivision, CP 94294, Boca del Rio, Veracruz, Mexico |
The Bottom Line
With Blue Whale Markets, you can trade with high leverage and no fees for deposits or withdrawals. Traders should be wary due to the absence of regulation.
FAQs
Is Blue Whale Markets safe?
No, it lacks regulation.
Is Blue Whale Markets good for beginners?
Although the Standard Account is appropriate for novices, care is suggested considering the uncontrolled nature of it.
Is Blue Whale Markets good for day trading?
Indeed, for day trading it provides competitive spreads and quick execution, which are perfect.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client.
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