Score

1.41 /10
Danger

Blue Dragon

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.26

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Warning: Low score, please stay away! 2
Previous Detection : 2025-06-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Blue Dragon · Company summary
Blue Dragon Review Summary
Founded2021
Registered Country/RegionSAINT VINCENT AND THE GRENADIES
RegulationNo regulation
Market InstrumentsForex, CFDs
Demo Account
Spread/
Leverage Up to 200x
Minimum Deposit$100
Trading PlatformMT5
Customer SupportContact 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.

Blue Dragon's homepage

Pros and Cons

Pros Cons
MetaTrader 5 platformNo regulation
Affordable minimum depositLimited 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.

No license

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.

Trading PlatformSupported Available Devices Suitable for
MT4/Beginners
MT5Web/Windows/iOS/AndroidExperienced traders
MT5 platform

User Reviews

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User comment

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Comments

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Samber
more than one year
BDFX is a great choice for traders on a budget! Their minimum deposit is super low, and the trading platforms are top-notch, making it easy to get started and trade with confidence.
BDFX is a great choice for traders on a budget! Their minimum deposit is super low, and the trading platforms are top-notch, making it easy to get started and trade with confidence.
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2024-07-23 17:59
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FX1489185494
more than one year
I've been trading with BDFX and here's my take: they offer a solid trading environment with some appealing features. One of the highlights is their low spreads combined with high contract power, which really helps in maximizing trading efficiency. They also provide stable rate delivery by connecting to multiple liquidity providers. BD-FX uses MT5, which is a reliable and globally recognized trading platform. This adds a layer of trust and familiarity, making it easier to manage trades effectively. Another great feature is their commitment to fund safety; they store customer funds separately and ensure quick and smooth transactions for deposits and withdrawals. They also have zero cut support, meaning if your account goes into negative balance, they reset it to zero – you won’t lose more than your deposit amount. This is a huge relief, especially in volatile markets. Overall, BDFX prioritizes customer needs and continuously works on improving their service. If you're looking for a broker that combines advanced trading tools with strong customer protection measures, BDFX could be worth considering.
I've been trading with BDFX and here's my take: they offer a solid trading environment with some appealing features. One of the highlights is their low spreads combined with high contract power, which really helps in maximizing trading efficiency. They also provide stable rate delivery by connecting to multiple liquidity providers. BD-FX uses MT5, which is a reliable and globally recognized trading platform. This adds a layer of trust and familiarity, making it easier to manage trades effectively. Another great feature is their commitment to fund safety; they store customer funds separately and ensure quick and smooth transactions for deposits and withdrawals. They also have zero cut support, meaning if your account goes into negative balance, they reset it to zero – you won’t lose more than your deposit amount. This is a huge relief, especially in volatile markets. Overall, BDFX prioritizes customer needs and continuously works on improving their service. If you're looking for a broker that combines advanced trading tools with strong customer protection measures, BDFX could be worth considering.
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2024-06-04 14:42
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