WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

BluechipFx

Mauritius|2-5 years|
High potential risk|

https://www.bluechipfx.com

Website

Rating Index

Contact

https://www.bluechipfx.com
6th Floor, Ken Lee Building 20th Edith Cavell Street, Port Louis Mauritius

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

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

BluechipFx

Abbreviation

BluechipFx

Platform registered country and region

Mauritius

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • 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

BluechipFx · WikiFX Survey

Users who viewed BluechipFx also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

HFM

8.26
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

FXCM

9.44
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)
Official website

VT Markets

8.59
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)
Official website

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

Leverage

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: support@bluechipfx.com, 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.

Review 5

5 Comments
Write a comment
All(5) Latest Positive(2) Exposure(3)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com