Blue Guardian: rules, terms and fine print

Where the money is real, and where it is not

• The challenge account is simulated. The firm describes the challenge account as simulated, not as trading with the firm's capital.
• Your fee is real money, and it is spent. The evaluation fee (plus any reset, renewal or activation fee) leaves your bank account. If you fail, it is normally not refunded.
• A payout is real money, but it is a promise. Profits earned on the simulated account are paid from the firm's own funds, and every firm reserves discretion over payouts and account closure in its terms.
• Nobody independent verifies payouts. For most firms we found no certified third-party record of what was actually paid. Only the firm's own pages and trackers of unknown method.

What you are buying

Help center: 'All accounts provided by Blue Guardian, including funded accounts, are demo accounts operating in a simulated trading environment with virtual funds.' Terms: 'the Company does not provide you with the opportunity to invest actual currency'. Conflict: Terms 'Education' section says traders who pass 'shall be allocated capital to trade in a live account under the terms of an agreement with the Company', while the same Terms say 'the Company does not provide you with the opportunity to invest actual currency' and the help center says all accounts are demo/simulated.

Entity: Iconic Exchange FZCO t/a Blue Guardian (Dubai, operates site, education products, payment processing); Blue Guardian Limited (Saint Lucia, provides simulated trading platforms); Blue Guardian Marketing LLC (Dubai, support/admin) source

Regulation: Site footer: 'Blue Guardian is not a broker... not a licensed investment services provider within the meaning of MIFID II'; no license claimed.

Targets and limits as published

Percentages are of the starting balance. "n/v" = not verified. List prices are in the next section.

List prices read on 9 Oct 2026

List prices before promotions, read from the firm's own pages. Promotions change them often. Refund and reset rules differ by firm: see the fine print below.

How rewards are paid

• First payout: 14 days
• Minimum: 100
• Frequency: Challenge funded accounts: first payout 14 calendar days after first trade, then every 14 days (7-day add-on: 7 days). Instant: on demand once min days and consistency met.
• Independent proof: Prop Firm Match payout tracker (third-party aggregator, method not described on page) showed on 2026-10-09: 15,351 payout records, $20,153,616 total (combined Blue Guardian + Blue Guardian Futures), largest single payout $16,093, latest entry Oct 8, 2026. Firm site self-reports $35M+ total payouts (forex page) and $25M+ (homepage).

Site self-reports 4.6/5 on Prop Firm Match and 4.9/5 on Google (sample method not stated). Prop Firm Match payout tracker: 15,351 records / $20.15M tracked (third-party, 2026-10-09). Third-party review (CryptoSlate) reported ~2,000 Trustpilot reviews, about 65% five-star; complaints cluster around consistency enforcement. Searches for lawsuit / regulator / CFTC / complaint / shut down (2026-10-09) returned no regulator or court action against Blue Guardian; only the Feb 2024 US-registration restriction news.

Rules and clauses that decide outcomes

• Daily loss (Standard challenges). Instant 3% / 1-Step and 2-Step 4% of initial balance; resets 5pm EST; measured from higher of balance or equity. source
• Trailing drawdown (Instant, 1-Step). 6% trailing from highest closed balance; locks at starting balance after +6% profit; then 1% fixed buffer must stay in account at payout. source
• Minimum trading days. A trading day needs >=0.5% profit. Instant 5 days to request payout; 1-/2-Step 3 days (5 for accounts bought before Aug 20). source
• Consistency. Instant Standard 20% (15% on 300K/400K): payout button disabled until best day below threshold; no breach. Instant Starter 15%. None stated on 1-/2-Step Standard pages. Futures funded 40% best-day (homepage). source
• News trading. Challenge phases allowed. Funded and Instant Standard (bought after 2025-11-13): no opening/closing 5 min before/after high-impact news or FOMC; profits removed (no breach). Pricing page lists Instant news trading 'No'. source
• Tick scalping / HFT. Trades closed under 2 minutes may be flagged as tick scalping; tick scalping, HFT, arbitrage bots, reverse/latency arbitrage, hedge arbitrage, trade emulators prohibited. source
• Hedging. Hedging allowed within an account; hedging between separate accounts strictly prohibited. source
• Gambling rule. Activity classified as gambling if margin usage exceeds 80% in any running trade(s); may cause payout rejection, profit removal or termination. source
• Guardian Shield. Funded: auto-closes all trades at 2% floating loss (1% Instant); 1st breach cuts profit split to 50% permanently, 2nd breach permanently breaches account. source
• Weekend/overnight holding; EAs; copy trading. Weekend/overnight allowed. EAs allowed for own strategy. Copy trading only between accounts you legally own; copying other traders or third-party management prohibited. VPN/VPS allowed except to bypass copy/group/signal rules. source
• Shared devices (CID match) and account ownership. Shared devices/VPS linked to multiple traders prohibited; flagged accounts reviewed at payout (payout disqualification, profit removal, closure). Account must be in own legal name; password changes not permitted. source
• Inactivity. At least one trade every 30 days or account breached; counted from account creation. source
• Prohibited trading in Terms. Includes third-party/off-the-shelf strategies or ones 'marketed to pass challenge accounts', using different strategies in challenge vs funded, equity CFD end-of-day gap trades, cross-account arbitrage. Violation: termination and possible forfeiture of fees. source
• Risk-management discretion. Terms: Blue Guardian 'reserves the right to terminate an account or agreement or deny a withdrawal request' if margin abuse or inappropriate risk management is deemed; excessive single-trade/cumulative risk and news 'boom or bust' listed as examples. source
• Discretion to deny payouts / terminate; final decisions. Terms: Company may refuse or cancel service, terminate accounts 'at our sole discretion'. Help center: not all violations are auto-detected, may be found in manual review at payout; Risk Team decisions 'final and binding'. Funded breach: profits may be voided. source
• Multiple accounts. Undisclosed multiple profiles = material breach; sanctions include suspension, trade voiding, payout denial. One active account per challenge level absent written approval. Max active funded allocation $400,000. source
• Payout eligibility. Min trading days met, account above initial balance, no violations, all positions closed; account goes read-only while payout pending; KYC required before first payout. source
• Refund policy (all sales final). Refund Policy: once credentials are emailed, 'no refunds under any circumstances'; 'All sales are final'. Chargeback without contacting firm: accounts suspended, profit splits withheld, recovery of amounts paid and legal costs. source
• Leverage, commissions, stop-out. Platform Rules: FX 1:50 (1:30 Instant/Starter), indices 1:10-1:20, commodities 1:10-1:20, crypto 1:2 at all stages; commission $5/lot FX and commodities, $0 indices and crypto; stop-out 100% margin level (least profitable trade auto-closed). source
• Nano consistency and payout cap. 1 Step Nano: 50% best-day consistency applies in challenge AND funded. 2 Step Nano: 50% on funded; payout capped at 2% of initial balance per cycle. source
• Platforms and US clients. MT5, Match Trader, TradeLocker; US clients restricted to Match Trader and TradeLocker. Platform migration only before any trade. source
• Governing law and arbitration. Terms: UAE law; binding ICDR arbitration in Dubai, single arbitrator, English, 30-day notice first; class-action waiver; Dubai courts for anything not arbitrated. EU/UK residents: arbitration 'may not apply' under ADR Directive; mandatory local consumer law preserved. source
• Pre-funding review by 'Broker'. Terms: before a funded account, trading activity 'shall be reviewed by both the Company and the Broker' for Prohibited Trading; if found, no funded account. source

Legal, regulatory and closure events

• 2025-08-21. Forum post by a trader alleging Blue Guardian blocked a withdrawal of about $10,735 after an identity/risk interview that the trader says was failed on a vague question. Outcome: No firm response or resolution shown on page; allegation unverified.. source
• 2026-09-04. Forum post by a trader alleging a 20% consistency rule was not on the sales page for a $5,000 Instant account; payout refused at 54.29% consistency, $260.93 profit; firm reportedly required about $447 more profit. Outcome: No resolution posted; allegation unverified.. source
• 2024-2026 (not dated in source). A shutdown-list article states Blue Guardian was among firms 'directly hit by either MetaQuotes or the cascading Eightcap broker withdrawal'; it is not in that article's closed-firm table. Finance Magnates (Feb 2024) reported Eightcap terminating services for prop firms generally; Blue Guardian not named in the Eightcap article read. Outcome: Firm not listed as closed.. source
• 2024-02-20. Finance Magnates (news) reported Blue Guardian restricted new registrations for US residents/dual citizens from 19 Feb 2024 amid an alleged MetaQuotes crackdown on MetaTrader license holders serving US clients; existing US clients could continue; firm said it would add DXtrade. Help center on 2026-10-09 still restricts US clients to Match Trader and TradeLocker. Outcome: No regulator action mentioned; firm continued operating.. source

Search done on 9 Oct 2026. An empty list means nothing found in that search.

Blue Guardian: common questions

Is Blue Guardian a real-money account?

Help center: 'All accounts provided by Blue Guardian, including funded accounts, are demo accounts operating in a simulated trading environment with virtual funds.' Terms: 'the Company does not provide you with the opportunity to invest actual currency'. Conflict: Terms 'Education' section says traders who pass 'shall be allocated capital to trade in a live account under the terms of an agreement with the Company', while the same Terms say 'the Company does not provide you with the opportunity to invest actual currency' and the help center says all accounts are demo/simulated.

Is Blue Guardian regulated?

Site footer: 'Blue Guardian is not a broker... not a licensed investment services provider within the meaning of MIFID II'; no license claimed.

Is Blue Guardian available in Italy?

Italy is not listed on the restricted list we read. Help center restricted list: Afghanistan, Albania, Algeria, Cuba, Iran, Jordan, Libya, Myanmar, North Korea, Philippines, Senegal, Syria, Vietnam. Italy and other EU states are not listed. Terms have an EU section (arbitration may not apply to EU consumers). Min age 18. Payment by card or crypto.

What we read, and what is missing

• Blue Guardian - Terms and Conditions open
• Blue Guardian help - General Information rules open
• Blue Guardian help - How do payouts work? open
• Blue Guardian help - Prohibited Trading Practices & Account Policies open
• Blue Guardian help - 1 Step Standard Rules open
• Blue Guardian help - 2 Step Standard Rules open
• Blue Guardian help - Instant Standard Account Rules open
• Blue Guardian help - Instant Starter open
• Blue Guardian - Forex page (pricing) open
• Blue Guardian - Homepage (futures pricing, footer disclosures) open
• CryptoSlate - Blue Guardian review (third-party) open
• FPA forum - 20% consistency rule complaint (third-party) open
• FPA forum - withdrawal blocked complaint (third-party) open
• The Prop Firm Guide - Prop firm shutdowns (third-party) open
• Blue Guardian - Forex pricing page (all CFD plan tabs read) open
• Blue Guardian - Futures pricing page (Standard/Reserve/Express/Direct tabs) open
• Blue Guardian help - Platform Rules (leverage, commissions, stop-out) open
• Blue Guardian help - 1 Step Nano Rules open
• Blue Guardian help - 2 Step Nano Rules open
• Blue Guardian - Refund Policy open
• Blue Guardian - About us (founder/CEO) open
• Prop Firm Match - Blue Guardian payouts tracker (third-party aggregator) open
• Finance Magnates - Blue Guardian restricts US clients (news, 2024-02-20) open

Not verified: Primary-sourced 2026-10-09 from blueguardian.com, help.blueguardian.com and the Terms. Closed in this pass: per-size list prices for Instant, 1-Step Standard, 1-Step Nano, 2-Step Standard, 2-Step Nano and all four Futures plans; leverage per instrument and stage; refund policy; founder/CEO name; governing law/arbitration detail; third-party payout tracker figures. Still open: founding year (no official page states it; CryptoSlate's 2021 not adopted); whether crypto is tradeable on Saturday/Sunday (only 'holding over weekend allowed' is stated); 2-Step Pro figures remain third-party (legacy model, not on pricing page); futures refund status; leverage conflict (pricing page says 1:100 for 1-Step challenge, help article says 1:50); Terms mention a 'live account' after passing while help center says all accounts are simulated; forum complaints unverified; firm's own payout totals differ between pages ($25M+ vs $35M+).

Rules change. Confirm on the firm's site before you pay. Education only, not investment advice. How we check · Corrections