Thinking of getting into business with Blue Market Cap? Here is what you must know about this broker. Carefully read this review to find out if bluemarketcap.com is the trading platform you will want to trade with.
Table of Contents
About Blue Market Cap Broker
Blue Market Cap is an offshore brokerage company with a lot of promises for traders. The broker presents us with an address with the location in UK.
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Blue Market Cap claims to provide competitive spreads, 24/5 live support, low trading commission and highest verified security.
In spite the trading instruments Blue Market Cap claims to offer, traders must know they are dealing with an unknown broker whose regulation claim is false.
bluemarketcap.com: Reasons to Avoid This Broker
bluemarketcap.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit as Financial Conduct Authority (FCA) does not recognize Blue Market Cap.
Another red flag we noticed on protrades.io is that there is no demo account for traders. If traders can’t test Blue Market Cap broker on a free account, how then can we know its viability in the forex market.
Since this broker does not offer money back guarantee, trading on any account type is clearly a risk. This is a big warning for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
Blue Market Cap presents us with the following information. Here, forex traders are charged $50 for Credit cards. See below.
Minimum Deposit
The minimum deposit of Blue Market Cap is not indicated anywhere on the platform.
The payment method on Blue Market Cap are Debit/Credit card and Wire transfer. You should not consider making any payment with this broker in the first place because it is a risk. So beware!
Blue Market Cap Platform
Blue Market Cap operates a Web based Trading platform. The refusal to make use of industry standard such as MT4 or MT5 that are widely accepted for trading is one of the reasons you should avoid this broker.
Blue Market Cap leverage is 1:100. It is advisable you don’t consider doing that with an unregulated broker like this one.
In spite the attractive offers Blue Market Cap broker presents, we can’t find a free account for traders to test the platform before considering a deposit.
Blue Market Cap Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under FCA regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
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Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
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Conclusion: Is bluemarketcap.com a Reliable Broker?
bluemarketcap.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
The broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review forex brokers and also share reasons, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
