Review summary
MQL BLUE is a retail trading service provider established within the last 2-5 years and registered in Spain. The entity currently operates without any recognized regulatory oversight, as it holds no valid licenses from major financial authorities like the CNMV, FCA, or ASIC. This absence of formal regulation means client funds are not protected under standard compensation schemes and the firm operates outside mainstream regulatory supervision. According to the WikiFX assessment, MQL BLUE has a comprehensive risk score of 1.35, reflecting significant operational vulnerabilities. While the platform appears to offer MetaTrader 4 and MetaTrader 5, specific trading conditions regarding minimum deposit, leverage, and execution metrics are not publicly disclosed. The firm's business scope is also marked as suspicious in official records. Potential clients should be aware that engaging with an unregulated entity entails a complete absence of the financial safeguards and dispute resolution mechanisms typically provided by licensed brokers. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-25)
