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Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|


Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

Server Name
BlueChipFinancials-Server MT5
Server Location United States


+971 4 255 6168
Suite 305, Griffith Corporate Centre Kingstown, St. Vincent and the Grenadines


No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Contact number


+971 4 255 6168

Broker Information


Company Name


Company Abbreviation


Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away!
Previous Detection : 2023-12-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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BluechipFx · Company Summary

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Information
Registered Country/Region Saint Vincent and the Grenadines
Found 2022
Regulation unregulated
Market Instrument 150+ currencies forex, CFDs, commodities, indices and cryptocurrencies
Account Type Standard, VIP and Raw
Demo Account yes
Maximum Leverage 1:400
Spread Vary on the account type
Commission no
Trading Platform MT5
Minimum Deposit $500
Deposit & Withdrawal Method Visa, MasterCard, Skrill, Neteller, Wire Transfer

BluechipFx is allegedly a forex and CFD broker founded in 2022 and registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 and variable spreads on the MT5 for Desktop, Android and iOS trading platforms, as well as a choice of three different live account types and 24/5 customer support service.

Here is the home page of this brokers official site:

home page

As for regulation, it has been verified that BluechipFx does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.59/10. Please be aware of the risk.

General Information & Regulation

Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Negative Reviews

Some traders shared their terrible trading experience on the BluechipFx platform at WikiFX. They said BluechipFx is a scam and fraud platform that is unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

Market Instruments

BluechipFx advertises that it offers access to a wide range of trading instruments in financial markets, including 150+ currencies forex, CFDs, commodities, indices and cryptocurrencies.

Market Instruments

Account Types

Apart from demo accounts, BluechipFx claims to offer three types of trading accounts, namely Standard, VIP and Raw. The minimum initial deposit amount is $500 for the Standard account, while the other two account types have much higher minimum initial capital requirements of $15,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types


The leverage provided by BluechipFx is capped at 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

BluechipFx claims that the spread for different account types is different. Specifically, the spread on the Standard account starts from 2 pips, the clients on the VIP account can experience spreads from 1.4 pips, while the spread on the Raw account is not specified directly. All charging no commissions.

Trading Platform

Platforms available for trading at BluechipFx are MT5 for Desktop, Android and iOS. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

BluechipFx says to work with numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Skrill, Neteller, and Wire Transfer. The minimum initial deposit requirement at BluechipFx is said to be as high as $500, while there is no mention of what the minimum withdrawal amount is. There are no deposit and withdrawal fees charged.

Deposit & Withdrawal

Customer Support

BluechipFxs customer support can be reached by telephone: +971 4 255 6168, email:, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Facebook and Instagram. Registered Address- Suite 305, Griffith Corporate Centre, Kingstown, St Vincent & the Grenadines P O Box 1510. Address- Office 308, Al Jawhara Building, Bank Street, Al Mankhool, Bur Dubai, Dubai – UAE P O Box 16621.

Pros & Cons

Pros Cons
• Multiple trading assets, account types and funding options • No regulation
• Demo accounts available • High minimum deposit ($500)
• MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is BluechipFx regulated?
A 1: No. It has been verified that BluechipFx currently has no valid regulation.
Q 2: Does BluechipFx offer demo accounts?
A 2: Yes.
Q 3: Does BluechipFx offer the industry-standard MT4 & MT5?
A 3: Yes. BluechipFx supports MT5.
Q 4: What is the minimum deposit for BluechipFx
A 4: The minimum initial deposit to open an account is $500.
Q 5: Is BluechipFx a good broker for beginners?
A 5: No. BluechipFx is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit.

User Reviews

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Seek WEAlthwatCHs
Complaints have been received by a lot of people regarding this company. Be warned. If you have deposited money with them, get your money out and seek help if you cant. I had to seek help too to get my investment out.
2023-05-04 15:20
more than one year
Great broker. Opening my account and upgrading to VIP status went fast and smoothly. Customer support is professional and helpful. Execution and spread are excellent.
2023-02-27 13:53
more than one year
To be honest, I thought I was being scammed…I was very wrong. Great help from my account manager and made a decent profit in only a week. I have all my money and then some back in my account so no bad experience for me.
2022-12-10 23:00
more than one year
Help me, please! I still have $2,000 in my trading account, Bulechipfx just don’t let me withdraw. They have blacklisted me. How to get my money back ?
2022-12-06 14:39
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