Blue Suisse Review Is Bluesuisse.com Legit Or Scam

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Blue Suisse Review: Is Bluesuisse.com Legit Or Scam?

Blue Suisse.com Review: this is the website of a broker that is located in Malta. Is BlueSuisse a scam or legit Forex broker? Read this revealing review to find out important details about this Forex trading company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Blue Suisse discloses that it is based in Malta. The region is under the jurisdiction of the Malta Financial Service Authority. This commission is recognized in Europe and when we checked, the authority listed the broker among registered companies.

This is a major advantage for the brokerage because trading with a Forex broker that is licensed reduces many dangers to traders’ funds. Misappropriated funds can be recoverable by the government as well. Licensed brokerages are under many rules of trade and this gives traders a level of assurance.

Advantages of Blue Suisse

BlueSuisse offers clients many trading products. They claim that they are offering a smart online trading world. Platforms used by the broker are many and give clients the avenue to make a profit. It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Blue Suisse Trading Platform

Trading platforms made available to clients are MT4, MT5, TradeMaster, Mobile, and Problue trader. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

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Trading instruments offered to traders are 80+ currency pairs, 25+ commodities, 15+ indices, and cryptocurrencies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The maximum leverage offered to clients is 1:200 and while this may seem generous, it is not advisable. High leverages can lead to a huge loss of funds as well. Spreads are 0.8 pips.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Blue Suisse

There is no mention of the means of making deposits and withdrawals with this broker. We find this to be discouraging because standard and legit brokers make deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required is $500 and we find that this is higher than the obtainable average of $100 to $250 usually required by many other brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Blue Suisse Licensed?

Yes. Blue Suisse is a properly licensed and registered Forex brokerage. It is authorized to trade by the Malta Financial Service Authority.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with the broker, clients should dial: +356 3550 5070 or +49 30 243 4200 and they can email at [email protected]

Conclusion

Blue Suisse is a licensed broker and we rate it highly. Trading platforms allowed include the popular MetaTrader platform and leverages are generous. However, we find that the minimum deposit requirement is quite higher than average. If you have anything to say about this broker, do so in the comment section.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Blue Suisse Review

Blue Suisse

Trust

Trading Platform

Assets and Leverage

Spread

Transparency

  • MFSA License
  • Wide range of assets offering
  • MT4 Supported
  • High initial deposit
  • Few selected payment method
  • New broker

Blue Suisse (bluesuisse.com) is a Malta based CFDs, Crypto Currency, and Forex broker that is owned and operated by the Blue Suisse Limited. Blue Suisse is offering members wide variety of trading assets like many currency pairs, and various CFDs on commodities, precious metals, indices, some stocks and cryptos like bitcoin with professional trading tools.

Blue Suisse Review

Blue Suisse is also guaranteeing users safety as they have been licensed by the Malta Financial Service Authority (MFSA) to offer Forex services. Malta is a member-state of the European Union which means that the government has diligently followed the guidelines set out by the European Securities and Markets Authority.

Blue Suisse License Review

Investors are advised to sign up with platforms registered by internationally recognized bodies. They include ASIC, CONSOB, CySEC, FCA, NFA, and SEC. These bodies have strict guidelines which insure all investors trade safely. Forex providers are required to deposit a certain amount before offering trading services.

MFSA has a number of requirements regarding company capital, staff competence and activities that have to be carried out by a forex brokers in Malta. Apart from the minimum capital requirement of €730,000, which should be met on an ongoing basis, license holders are expected to have local presence, to put in place adequate internal controls for their day-to-day operations, to maintain a risk management system, and regularly report to MFSA, among other requirements.

Broker Breakdown

Location: Malta

Type: Forex, CFD broker

Assets: Forex, CFD, Commodity, Stocks, Energies and Cryptos

Trading Accounts: Denim Blue, Sky Blue, Sapphire Blue.

Minimum deposit: $500

Spread: N/A

Maximum Leverage: 1:200

Trading Platform: MT4

Compare Blue Suisse

Invest your money with professional brokers who know the art of trading, read more.

VantageFX is a popular broker that is licensed in Cayman Island and Australia. Social trading is offered via service providers like ZuluTrade and Myfxbook.

VantageFX offers attractive leverages on MT4 trading platforms, with very tight spreads, learn more.

Go try their Free Demo Account, signup here.

If you are currently using this broker, please share your experience with other investors in the comment section below.

Blue Suisse Review – is bluesuisse.com scam or good forex broker?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Denim Blue $500 1:200 N/A
Sky Blue $5 000 1:200 N/A
Sapphire Blue $50 000 1:200 N/A

Blue Suisse is a Maltese forex and CFD brokerage that offers its clients a choice of three account types, as well as demo ones. Here are our impressions of this broker, after we made a thorough research on the company and tested its platform. Make sure you read it prior to investing with Blue Suisse.

Blue Suisse Advantages

Licensed in Europe (Malta)

As the most important thing to look for in a forex broker is regulation, we are starting here. This broker is owned and operated by Blue Suisse Limited, a firm authorized and regulated by the Malta Financial Service Authority (MFSA). It holds a Category 2 investment services license issued by the MFSA, which allows them to provide the investment services and to hold or control clients’ money or customers’ assets, but not to operate a multilateral trading facility or deal for their own account or underwrite or place instruments on a firm commitment basis.

Like most other EU regulators, the MFSA has a number of requirements regarding company capital, staff competence and activities that have to be carried out by a forex brokers in Malta. Apart from the minimum capital requirement of €730,000, which should be met on an ongoing basis, license holders are expected to have local presence, to put in place adequate internal controls for their day-to-day operations, to maintain a risk management system, and regularly report to MFSA, among other requirements.

Furthermore, Malta is a member-state of the European Union which means that the government has diligently followed the guidelines set out by the European Securities and Markets Authority.

Trading on MT4, low demo spread

Clients of Blue Suisse are offered access to the most widespread FX trading platform worldwide, the MetaTrader4 (MT4). It is equipped with technical analysis indicators, advanced charting package, a wide range of Expert Advisors (EA), allowing clients to automate their trades, and extensive back-testing environment.

Although the broker has not specified any trading conditions on its website, we were able to open a demo account with it, and we saw that the spread on EUR/USD is floating around 0.8 pips, which is a very good pricing.

Click on the image to view larger.

Solid leverage, wide range of assets

Blue Suisse offers trading in many currency pairs, and various CFDs – on commodities, precious metals, indices, some stocks and even major cryptocurrencies. This is a solid product portfolio that will satisfy all types of traders.

Furthermore, Capital Hall is among the forex brokers offering quite high leverage ratios, reaching 1:200. While the risk-takers among you will probably enjoy this option, we would advise newbies to educate themselves about the risks involved in margin trading before using high leverage levels.

Blue Suisse Disadvantages

Unpolished presentation of trading conditions

Blue Suisse has actually not shared with (potential) clients important details of its offer, such as the typical spreads, commission fees (if any), and other important details. Although one can sign up for a demo account, this does not leave a good impression, especially on the part of a regulated broker.

Initial deposit a bit high, limited payment methods

This is not a major disadvantage, yet we decided to mention it. Blue Suisse requires an initial investment of $500, which is a bit high, and also seems to use only bank wire and credit cards as payment methods, which we find quite limited. Many traders use PayPal, Skrill or even Bitcoin.

Conclusion

Blue Suisse is a licensed Maltese broker that offers online trading in forex and various CFDs through the widely used MT4 platform. Overall, its trading conditions seem good, although their presentation on the broker’s website is rather unpolished.

To sum up the above, here are the advantages and drawbacks with regards to Blue Suisse:

Pros Cons
Licensed in Europe (Malta) Unpolished presentation of trading conditions
MT4 available, attractive spreads on demo Initial deposit a bit high, limited payment methods supported
Solid selection of assets
Up to 1:200 in leverage
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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