Blue Guardian Review
Blue Guardian operates as a proprietary trading firm under its official business name, Iconic Exchange FZCO, and was established in September 2021. Situated in Dubai, United Arab Emirates, the firm is led by CEO Sean Baiton. Blue Guardian offers traders the choice of two account types: a two-step evaluation and a one-step evaluation, and collaborates with ThinkMarkets as their brokerage partner.
- Platforms for Prop Trading: MetaTrader 4
- Participation cost: from $32 to $392
- Professional Trader Dashboard: A specialized interface for managing trading activities.
- Extensive Range of Trading Instruments: This includes Forex pairs, commodities, indices, and cryptocurrencies.
- Leverage Options: Up to a 1:100 ratio.
- No Commission Fees: Traders can operate without the burden of commission charges.
- Flexible Trading Days: There are no minimum or maximum day requirements for trading.
- Scaling Plan: Provides traders with opportunities for growth based on performance.
- Guardian Protector Feature: A unique tool designed to enhance trading safety.
- Initial Payout Timeline: The first payout is scheduled 14 days after starting.
- Regular Payouts: Subsequent payouts occur on a bi-weekly basis.
- High Profit Share: Traders receive an 85% share of the profits.
- Trading Flexibility: Overnight and weekend holding positions are permitted.
- News Trading: Traders are allowed to engage in news-based trading strategies.
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Expert Advisors Suitable for this Prop Firm:
Blue Guardian Funding Programs
Funding Pips, a proprietary trading firm officially known as ANKH PROP – FZCO, was established on August 25, 2022. Based in Dubai, United Arab Emirates, the firm is led by CEO Khaled Ayesh. Funding Pips offers traders a selection of three account types: a two-step evaluation, a one-step evaluation, and a three-step evaluation. They have partnered with a tier-1 liquidity provider to ensure the best simulated real market trading conditions through their brokerage services. Now we will describe each of these programs in more detail:
Unlimited Guardian Blue Guardian Program
Blue Guardian rules:
Profit Target – To successfully complete an evaluation phase, withdraw profits, or expand their trading account, traders need to hit specific profit percentages. For Phase 1, the profit goal is 8%, while Phase 2 requires a profit target of 4%. No fixed profit targets are set for funded accounts.
Maximum Daily Loss – Traders are restricted to a maximum allowable loss of 4% per trading day across all account sizes, beyond which the account terms are violated.
Overall Maximum Loss – There is an overall loss limit of 8% that traders must not exceed to avoid breaching their account, applicable to all account sizes.
Participation cost:
- $10,000 - $87
- $25,000 - $187
- $50,000 - $297
- $100,000 - $497
- $200,000 - $947
Blue Guardian’s Unlimited Guardian program offers traders the opportunity to handle accounts ranging from $10,000 to $200,000. The program's goal is to discover skilled traders who can consistently generate profits and effectively handle risks during a two-step evaluation process. Participants in the Unlimited Guardian can trade with leverage up to 1:100.
Evaluation Phase One: Traders need to achieve an 8% profit target while adhering to a 4% maximum daily loss and an overall 8% maximum loss limit. This phase has no specific minimum or maximum trading day requirements. Advancement to the next phase hinges solely on meeting the 8% profit goal without exceeding the loss limits.
Evaluation Phase Two: This phase also imposes a requirement to achieve a 4% profit target, with the same restrictions on daily and overall losses as the first phase. Like Phase One, there are no fixed trading day requirements. Moving to a funded account status requires reaching the 4% profit target without violating the loss restrictions.
Upon successful completion of both evaluation phases, traders qualify for a funded account where they must continue to observe the 4% maximum daily loss and 8% maximum loss rules. The initial payout occurs 14 days after the first trade on the funded account, with subsequent withdrawals available bi-weekly. Profits from the funded account are split with the trader at 85%.
The Unlimited Guardian program includes a scaling plan designed to reward consistent profitability. To qualify for an account size increase of 30% of the initial account size, a trader must demonstrate profitability in at least two out of the last three months. This can be achieved through an average return of 12% over a three-month period or a consistent 4% return each month during that period.
Scaling Plan Examples:
After 3 Months: A trader with an initial account size of $100,000 who meets the profitability criteria can increase their account size to $130,000.
After Another 3 Months: If the profitability continues, the now $130,000 account can be increased further to $160,000.
Subsequent Periods: Following this pattern, if the trader remains profitable, an account initially increased to $160,000 can be scaled up to $190,000 after another three months.
This cycle continues, offering traders the opportunity to progressively manage larger sums based on their demonstrated trading success.
Rapid Guardian Blue Guardian Program
Blue Guardian rules:
Profit Target – Traders are required to achieve a specific profit target of 10% to successfully complete an evaluation phase, enable earnings withdrawals, or qualify for scaling their trading account. It’s important to note that once an account is funded, there are no set profit targets, offering more flexibility in trading strategies.
Maximum Daily Loss – A key risk management rule is the maximum daily loss limit, which is set at 4% across all account sizes. This limit prevents traders from exceeding a set percentage of loss in any single trading day, helping to preserve capital and maintain account integrity.
Maximum Trailing Loss – The maximum trailing loss, determined by the difference between the highest account balance achieved and the lowest subsequent drawdown, is capped at 6% for all account sizes. This rule is designed to mitigate the risk of significant downturns from peak levels, ensuring traders manage both their current and potential exposure carefully.
Participation cost:
- $10,000 - $97
- $25,000 - $197
- $50,000 - $297
- $100,000 - $497
- $200,000 - $947
Blue Guardian’s Rapid Guardian program offers traders the opportunity to manage account sizes from $10,000 to $200,000. The program is designed to find disciplined and profitable traders who can effectively manage risk throughout a streamlined one-step evaluation period. With the Rapid Guardian, traders can utilize leverage up to 1:100.
During the evaluation phase, traders need to achieve a 10% profit target while adhering to a 4% maximum daily loss and a 6% maximum trailing loss. Notably, there are no restrictions on the number of trading days during this phase, allowing traders to operate at their own pace. To advance to a funded status, traders must meet the 10% profit target without violating the daily or trailing loss limits.
Upon successful completion of the evaluation phase, traders gain access to a funded account with no minimum withdrawal requirements. The rules remain consistent with a 4% maximum daily loss and a 6% maximum trailing loss to be observed. The first payout is scheduled 14 days after the initiation of the first trade on the funded account, with the possibility of bi-weekly withdrawals thereafter. Profit distribution is generous, with traders receiving an 85% share of the profits generated on their funded account.
The Rapid Guardian program includes a dynamic scaling plan that rewards consistent profitability. To qualify for an increase in account size, traders must demonstrate profitability for at least two out of the last three months. This can be achieved by either attaining an average return of 12% over a three-month period or consistently achieving a 4% return each month throughout the period.
Scaling Plan Example:
Initial Period: After the first three months, a trader managing a $100,000 account that meets the profitability criteria will see their account size increase by 30%, elevating it to $130,000.
Subsequent Periods: If the trader continues to meet these performance standards, the account will further increase to $160,000 after the next three months.
Continued Growth: Maintaining profitability, the next increase after another three months would boost the account size to $190,000.
This scaling process continues as long as the trader consistently meets the required performance thresholds, thus providing significant opportunities for growth based on demonstrated trading success.
Three-step Guardian Blue Guardian Program
Blue Guardian rules:
Profit Target – Traders are required to meet specific profit targets to successfully complete various phases of their evaluation, enable withdrawals, or qualify for scaling their trading accounts. The profit target for Phase 1 is established at 8%, while both Phase 2 and Phase 3 have a profit target of 6%. For funded accounts, there are no preset profit targets.
Maximum Daily Loss – There is a stipulated limit on the amount a trader can lose in a single trading day without compromising their account. This limit is set at 4% for traders across all account sizes, ensuring that daily trading risks are managed effectively.
Maximum Loss – The overall maximum loss a trader can incur without breaching their account is set at 8% for all account sizes. This rule helps to prevent substantial financial damage and encourages prudent risk management throughout the trading process.
Participation cost:
- $10,000 - $67
- $25,000 - $147
- $50,000 - $227
- $100,000 - $367
- $200,000 - $667
Blue Guardian's Three-step Guardian program offers traders the chance to manage account sizes ranging from $10,000 to $200,000, aiming to identify disciplined, profitable traders who can effectively manage risk across a comprehensive three-step evaluation period. The program allows trading with up to 1:100 leverage.
Evaluation Phase One:
- Profit Target: Traders must achieve a 6% profit.
- Loss Limits: A 4% maximum daily loss and an 8% maximum total loss are enforced.
- Time Flexibility: There are no minimum or maximum trading day requirements in this phase.
- Advancement: To move to the next phase, traders must hit the 6% profit target without exceeding the loss limits.
Evaluation Phase Two:
- Continued Conditions: The profit target remains at 6%, with the same loss limits as phase one.
- Time Flexibility: No restrictions on the number of trading days.
- Advancement: Reaching the 6% profit target without breaching loss limits is required to progress to phase three.
Evaluation Phase Three:
- Consistent Requirements: The profit target is again set at 6%, with the same daily and maximum loss limits.
- Time Flexibility: Traders are free to trade without day count limitations.
- Completion: Achieving the 6% profit target without violating the loss limits qualifies the trader for funded status.
Post-Evaluation Benefits:
- Funded Account: Successfully completing all three phases grants a funded account.
- Withdrawal Policy: There are no minimum withdrawal requirements; adherence to the 4% daily and 8% maximum loss rules is required.
- Payouts: The initial payout is scheduled 14 calendar days after placing the first trade on the funded account, with subsequent opportunities for bi-weekly withdrawals.
- Profit Share: Traders receive an 85% share of the profits from their funded account.
This structured approach ensures that traders not only demonstrate their trading proficiency but also their ability to consistently manage risks under varying market conditions.
The Three-step Guardian program incorporates a scaling plan designed to reward consistently successful traders. To qualify for a 30% increase in their account size, traders must show profitability for at least two out of the last three months. This can be achieved by either maintaining an average return of 12% over a three-month period or by securing a consistent 4% return each month during the same timeframe.
Scaling Plan Example:
Initial Increase: After the first three months, a trader managing a $100,000 account that meets the profitability criteria will see their account size expand to $130,000.
Subsequent Increase: If the trader continues to meet these performance standards, after the next three months, the account will increase further to $160,000.
Continuing Growth: Following this progression, if the trader maintains their profitability, the account size will again increase after another three months, reaching $190,000.
Ongoing Opportunities: This pattern continues, providing traders with ongoing opportunities to manage larger funds as they demonstrate consistent trading success.
This scaling approach not only motivates traders to achieve high performance consistently but also offers substantial growth potential in their professional trading careers.
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Blue Guardian Review and Our opinion about this Prop Firm
In summary, Blue Guardian stands out as a reliable and esteemed proprietary trading firm that offers traders a choice between different funding programs: the Unlimited Guardian with a two-step evaluation, the Rapid Guardian with a one-step evaluation, and the Three-step Guardian with a three-step evaluation.
- Unlimited Guardian: This two-step evaluation process requires traders to meet profit targets of 8% in the first phase and 4% in the second to manage a funded account with an 85% profit share. The program offers realistic trading goals against a backdrop of a 4% maximum daily loss and an 8% maximum overall loss. Traders benefit from flexible trading days without time constraints and a scaling plan that allows for increased account sizes based on performance.
- Rapid Guardian: This program simplifies the evaluation to a single phase where traders need to achieve a 10% profit target to handle a funded account and receive an 85% profit split. This objective is balanced with a 4% maximum daily loss and a 6% maximum trailing loss, ensuring manageable risk. Like the Unlimited program, it features no minimum or maximum trading day requirements and includes a scaling plan for growing account balances.
- Three-step Guardian: Requiring completion of three phases, each with a 6% profit target, this program allows traders to progress to a funded account with an 85% profit share while adhering to a 4% maximum daily loss and an 8% maximum overall loss. It offers the same flexible trading schedule and includes a scaling plan to increase initial account balances.
Blue Guardian is ideal for individuals seeking a reputable proprietary trading firm that offers excellent trading conditions tailored to a variety of trading styles. Special features include unlimited trading periods, absence of minimum trading day requirements, a generous 85% initial profit split, quick first withdrawals after 14 days, and bi-weekly payouts thereafter. Considering all the benefits Blue Guardian provides to traders globally, it rightfully earns its place as a leading entity in the proprietary trading industry.
