MyFxBots In-Depth Review of Blue Guardian

Overview of evaluation rules

• Evaluation start: The evaluation begins when the trader places their first live trade on the purchased challenge account.
• Evaluation formats: 1 Step, 2 Step, 3 Step challenges and Instant Funded variants each have specific objectives and progression rules.
• Consistency rule: A single trading day cannot equal or exceed 15% of the total profits in the current payout period; if it does, payouts are blocked until the largest daily profit falls below 15% of total profits for that period.

Profit targets and time limits

• Typical profit targets: Standard challenge targets are commonly 10% for single‑step challenges; Phase 2 targets may be 4% for two‑step products; instant products vary by plan.
• Time limits and pacing: Traders have unlimited calendar time to complete many evaluation products, but some products impose minimum trading days and minimum holding times (see position sizing). Withdrawals from funded accounts follow the payout cadence rules (first eligible 14 days after first funded trade).

Drawdown rules and trailing mechanics

• Daily drawdown: Fixed daily limit commonly set at 3% of the initial account balance; breaching this causes a rule violation.
• Max trailing drawdown: A trailing maximum drawdown applies (example product value 5%); the trailing level moves up with positive equity and is locked when specific profit thresholds are reached.
• Locking behavior on withdrawals: Once an account achieves the defined max trailing threshold, the drawdown floor can lock at the pre‑profit balance and withdrawals reduce the remaining drawdown buffer.
• Buffer and fixed protection: After certain withdrawals, an enforced fixed buffer (e.g., 1% rules) can limit permitted withdrawal amounts and affect remaining drawdown capacity.

Allowed and disallowed strategies

• Allowed: Hedging, expert advisors (EAs), martingale-style position sequences, news trading, holding positions overnight and over weekends.
• Not allowed / high-risk flagged: Strategies that exploit demo/data latency, tick scalping under 2 minutes, high-frequency arbitrage, delayed-feed exploits, and any approach deemed to “take advantage of demo environments.”
• Minimum holding time: Trades closed under 2 minutes may be flagged as tick scalping; avoid sub‑2‑minute closures.
• Stop loss requirement: Stop loss is not required, but strategies with no SL and excessive single‑trade risk (e.g., risking 3–4% of equity on one position) are discouraged and can trigger reviews.

Position sizing and risk constraints

• Single‑trade risk guidelines: Avoid risking large portions of available margin on single positions; consistent risk sizing and sensible leverage usage are expected.
• Cumulative exposure: Overlapping positions that create excessive cumulative risk are monitored and may lead to termination.
• Leverage limits by product: Leverage differs between evaluation and funded stages; traders must observe the stated per‑instrument leverage caps when sizing positions.
• Monitoring and auto‑stop: The platform enforces margin stop‑out rules (stop‑out level at margin 100%) and internal guardrails (Guardian Shield) that may auto‑close positions to protect the funded pool.

Rule violations and remediation

• Automatic vs manual review: Some violations are triggered automatically; others are detected only via manual risk review.
• Consequences: Evaluation failures end eligibility for funding; funded‑account breaches can lead to account closure and contract termination.
• Remediation: Accounts breaching the consistency rule are not closed but must continue trading to bring the highest profit day back below 15% of total profit before requesting withdrawals.

Practical compliance tips for passing evaluations

• Plan trades to keep any single day profit well under 15% of cumulative profits in the payout period.
• Use measured position sizing and avoid risking large one‑off positions without SL.
• Keep most trades longer than 2 minutes to avoid tick‑scalping flags.
• Document trading rationale and maintain clean trade history to help in manual reviews.

Payout split and cadence

• Profit split: Blue Guardian offers tiered profit splits depending on product; funded accounts commonly pay up to 85% to traders, with some instant products at 80% and specific starter tiers or add‑ons at different rates.
• Payout eligibility: Traders become eligible for their first payout 14 days after the first funded trade and then again 14 days after any subsequent withdrawal (reduced to 7 days if an approved add‑on was purchased).
• Payout cadence: Payouts are processed rapidly once requested; the firm states payouts are processed within 1–2 business days and aims for a 24‑hour processing guarantee in normal circumstances.

Minimums, payment methods, and taxes

• Minimum withdrawal: The minimum funded‑account withdrawal is $100; affiliate minimum withdrawals are also $100.
• Payment rails: Withdrawals are handled via a payments partner (RiseWorks or equivalent) supporting bank transfers and crypto; small crypto withdrawals (typically up to $2,000) are specifically supported.
• Taxes: Traders are responsible for their local tax obligations; the firm provides payment statements and KYC prior to final payouts to assist with accounting.

Fee refunds, guarantees, and chargebacks

• Refund policy: Evaluation purchases are generally non‑refundable once credentials are issued; however, the initial evaluation fee becomes refundable only after the trader receives the fourth successful profit‑split payment on funded accounts (per the published refund policy).
• 24‑hour payout guarantee: If the firm misses its stated business‑day payout window under qualifying conditions, customers may be upgraded to a temporary 100% profit split for that payout (exceptions apply for compliance/risk delays or onboarding issues).
• Chargebacks: The company explicitly discourages chargebacks; initiating a chargeback may result in suspension of accounts, recovery actions, and potential legal or fee liabilities.

Scaling, growth and autopilot options

• Merging and scaling: Traders can merge funded accounts up to a combined $400k balance; the platform also advertises a scaling path up to $2,000,000 using milestone scaling and account upgrades.
• Auto‑scaling / milestones: Scaling is achieved through reaching profit milestones and following the firm’s internal scaling plan or purchasing approved add‑ons that accelerate scaling and improve split ratios.
• Reimbursements / fee credits: Occasional promotions, discount codes, and add‑on credits are published; reimbursements or fee credits are limited to the conditions in the refund and promotions policies.

Payout transparency and dispute handling

• Payout reporting: Traders receive payout statements and must have all positions flat to request a withdrawal; clear reporting via the dashboard is emphasized.
• Delays and disputes: Delays caused by compliance or risk reviews do not qualify for payout guarantees; the firm’s risk team will contact traders by email if additional checks are needed.
• Appeals: Disputed payment outcomes or withholding typically enter the firm’s internal review pipeline and, if unresolved, are subject to the contractual dispute process outlined in the trader agreement.

Practical takeaways for traders

• Keep KYC and RiseWorks onboarding completed promptly to avoid payout delays.
• Plan withdrawals around the 14‑day eligibility windows and the 1–2 business‑day processing window.
• Maintain clean trade history and observe the consistency rule to ensure eligible payouts.
• Use crypto withdrawals for smaller, faster transfers when supported and acceptable for your tax situation.

Spreads, commissions, and swaps

• Spread model: Accounts operate on raw spreads with separate per‑lot commissions applied to certain instruments.
• Commission examples: Typical commission structure lists FX commissions around $5 per lot, commodities $5 per lot, with indices and some crypto pairs showing zero commission depending on the product configuration.
• Swap and financing: Standard overnight swap rates apply per instrument and platform; traders should check the instrument specification for swap long/short values.

Execution model, slippage, and re‑quotes

• Execution: Execution is provided on MT5 and third‑party platforms with matching/route technology; traders should expect standard market execution characteristics including potential slippage during high volatility and news events.
• Slippage & re‑quotes: Slippage can occur at volatile times and during liquidity gaps; re‑quotes are limited under raw‑spread execution but may occur under exceptional market conditions.
• Stop‑out and margin: Stop‑out level is enforced at 100% margin, meaning the platform will auto‑close positions to protect the funded pool when margin thresholds are breached.

Available platforms and charting

• Platforms supported: Metatrader 5 (MT5) plus proprietary solutions (TradeLocker, MatchTrader) with TradingView charting embedded for advanced charting and research.
• EA and automation support: MT5 and the proprietary platforms support EAs and automated strategies subject to the firm’s prohibited‑strategy rules; ensure your EA does not exploit demo‑environment anomalies.

Liquidity, routing, and typical latency

• Liquidity providers: The firm uses real market quotes from liquidity providers; execution routing aims to minimize latency but exact routes vary by instrument and time.
• Latency expectations: Expect typical retail‑grade latency with potential delays during major news and market opens; large or arbitrage‑style orders may attract additional scrutiny.

Practical tips for execution quality

• Use conservative order sizes around news events to limit slippage impact.
• Prefer limit entries where appropriate to control execution price and reduce slippage.
• Test automated strategies on demo quotes and log slippage behavior before deploying on live/funded accounts.

Monitoring tools and account dashboards

• Real‑time dashboard: Traders access a dashboard that displays equity, open PnL, realized PnL, drawdown metrics, and withdrawal status; the platform logs trade history for manual and automated reviews.
• Automated risk triggers: Built‑in guardrails (Guardian Shield, daily drawdown, trailing drawdown) trigger automatic alerts and soft‑closures when thresholds are breached; automated enforcement coexists with manual risk‑team reviews.
• Data sources: Monitoring uses live market feeds and platform logs; simulated/demo accounts use real market quotes but remain subject to anti‑abuse detection to prevent exploitation of demo anomalies.

Rule enforcement process and exceptions

• Automatic detection: Breaches of daily drawdown, max loss, and consistency rules are detected automatically and can immediately block withdrawals or mark an account for review.
• Manual review: Risk team performs manual investigations for strategy‑classification disputes, suspected latency exploits, and ambiguous edge‑cases; manual verdicts can reverse or escalate automated actions depending on evidence.
• Exceptions and discretionary relief: The firm reserves discretion to grant exceptions for technical outages or verified third‑party failures, subject to documentary proof and an internal appeal process.

Dispute resolution and appeals process

• Internal appeal first: Traders should submit an internal support request with trade logs and timestamps when disputing enforcement actions; the firm’s support and risk teams handle initial appeals via the dashboard and email channels.
• Escalation path: Unresolved disputes follow contractual dispute provisions, including arbitration clauses and the firm’s specified jurisdiction and procedures in the Terms of Use.
• Documentation required: Appeals are adjudicated on technical logs, order tickets, KYC records, and market data snapshots — maintain clear records to improve chances of a successful appeal.

Account suspension and termination policies

• Immediate suspension triggers: Exploiting platform latency, chargeback attempts, use of prohibited third‑party “pass” strategies, or being affiliated with a competing Prop Firm are grounds for immediate suspension or termination.
• Termination outcomes: Terminated accounts may forfeit fees, pending profit splits, or eligibility for refund programs per posted policies (refunds only under specified milestones).
• Reinstatement rules: Reinstatement is case‑by‑case and typically requires remedial actions, verified fixes, and acceptance of supervisory conditions by the trader.

Practical compliance checklist

• Keep trade logs and objective screenshots of executions; attach them to any appeal.
• Complete KYC and payment‑partner onboarding early to avoid enforcement delays during payout checks.
• Avoid edge strategies that could be construed as exploiting demo pricing, latency, or broker relationships.
• If flagged, cooperate promptly with risk support and provide requested evidence to expedite resolution.

Built‑in risk controls and margin rules

• Blue Guardian enforces multiple automated risk controls including daily drawdown limits, trailing max‑loss floors, and an automated Guardian Shield that can soft‑close positions when open PnL breaches protection thresholds.
• Margin and stop‑out mechanics are strict: the platform applies automated margin stop‑out behavior to protect the firm’s capital pool and may auto‑liquidate positions when margin thresholds are reached.

Insurance, capital protection, and firm liability

• The service operates as a simulated trading provider rather than a regulated fund custodian; therefore, it does not act as a custodian of client assets and does not provide deposit insurance or third‑party capital guarantees.
• Traders are contractually responsible for compliance with rules and indemnification clauses apply for breaches; the Terms reserve rights to suspend accounts and recover amounts where users initiate chargebacks or violate rules.

Corporate solvency signals and disclaimers

• Public company statements position Blue Guardian as an operator of simulated trading and evaluation services rather than a regulated Forex deposit‑taking institution; users are reminded that simulated results and program structures are not a promise of future live performance.
• Legal and privacy notices state that the Company may share data with affiliates, mentors, and other simulated trading platforms for fraud detection and operational purposes; traders should account for this in their risk and privacy assessments.

Practical implications for traders

• Expect automatic enforcement: design strategies that respect daily and trailing drawdown thresholds and avoid high‑risk concentrated positions that trigger auto‑closure.
• Maintain clear records and KYC readiness: timely KYC and payment‑partner onboarding reduce payout and dispute exposure when risk reviews occur.
• No implicit capital insurance: plan bankroll and tax obligations on the assumption that the firm will not insure trading losses or act as a custodian for your funds.

Education resources and approach

• The Company states it does not provide trader education as a core service and positions itself to identify trading talent rather than deliver formal training programs. General education content on the site is informational only and not investment advice.
• Data sharing and mentorship integrations are explicit in the privacy practices: user data may be shared with affiliates, mentorship programs, and simulated trading platforms to detect fraud and support operations.

Trading tools and analytics

• Platform toolset includes demo/simulated accounts with real‑market quotes, reporting dashboards, and built‑in equity/drawdown metrics for performance analysis.
• Traders should expect standard analytics (trade history export, equity curves, realized/unrealized PnL) plus third‑party integrations for journaling and analytics via service providers referenced in the privacy documentation.

Community features and mentorship

• The firm maintains an active community presence (Discord and social channels) and encourages community engagement for peer support and announcements.
• Mentorship or third‑party coaching may be possible via affiliated programs; such relationships involve data sharing and are governed by the privacy policy.

Customer support channels and response expectations

• Primary support contact is email (support@blueguardian.com) and in‑dashboard support tickets; the site emphasizes support for onboarding, KYC, and payout assistance.
• Expect formal verification steps prior to payouts and risk‑team contact for account reviews; response times vary by case and may include escalations to manual risk review.

Practical tips for using tools and support

• Use the demo environment to stress‑test EAs and record slippage and execution screenshots before moving to funded flows.
• Maintain clear logs and timestamped evidence to attach to support tickets when disputing enforcement or payout issues.

Account setup flow and KYC requirements

• Account creation requires basic personal details (name, email, address, DOB) and a unique username/password; traders are responsible for keeping credentials confidential.
• KYC is mandatory before payouts and may include identity documents and biometric checks; the firm reserves the right to verify identity for compliance and fraud prevention.
• Payment‑partner onboarding (RiseWorks or equivalent) is required for withdrawals and must be completed promptly to avoid payout delays.

Dashboard usability and reporting

• The trader dashboard displays equity, open/realized PnL, drawdown metrics, trade history export, and withdrawal status; detailed reports and trade tickets are preserved for automated and manual risk reviews.
• Payout statements and payment history are downloadable from the dashboard to assist with tax reporting and dispute resolution.

Mobile experience and app availability

• Web‑first experience with responsive dashboards for mobile browsers; no dedicated mobile app is advertised as primary but the site is mobile‑accessible and supports in‑dashboard ticketing and notifications.
• Mobile KYC and document upload workflows are supported via the contact/onboarding channels to speed verification before payouts.

Onboarding friction points and tips

• Common friction: delayed KYC, incomplete payment‑partner setup, and failure to submit clear ID causing payout holds; complete KYC and RiseWorks connection immediately after funding to minimize delays.
• Tip: upload high‑quality ID scans, keep proof of payment and payment‑partner details ready, and attach trade screenshots if you anticipate appeals.

Accessibility and internationalization

• Site and terms are provided in English as the authoritative language; international users must comply with local laws and export controls and may rely on mandatory consumer protections in their jurisdictions.
• Support and onboarding are conducted remotely with global coverage from Dubai operations; response times vary and escalations may trigger manual risk review by the firm’s team.

Practical checklist to smooth onboarding

• Register account, verify email, complete KYC with legible ID, finish payment‑partner onboarding, and test demo environment before starting the evaluation.
• Keep credential and communication screenshots, export trade logs after each session, and follow the accepted document formats to avoid re‑submission delays.

Regulatory status and licensing

• Blue Guardian operates as a simulated trading service and expressly states it is not a regulated broker or custodian of client deposits; users should treat platform results as simulated performance, not regulated brokerage services.
• MT5 services on the site are noted as not intended for U.S. persons or in jurisdictions where use would violate local law.

KYC, AML, and data protection

• KYC and biometric verification are mandatory for payouts and compliance checks; personal data may be collected, retained and shared with affiliates, mentorship programs, simulated trading platforms, and payment partners for fraud detection and operational purposes.
• The platform uses cookies, server logs, and tracking technologies; users can manage cookie preferences but should expect standard telemetry and analytics to support service operation and security.

Terms of service highlights and key legal clauses

• The Terms emphasize simulated trading, indemnification, and strict anti‑abuse rules including prohibitions on chargebacks, scraping, latency exploitation, and use of third‑party “pass” strategies; violations can lead to suspension, forfeiture, and recovery actions.
• Dispute resolution provisions include an arbitration framework and a class‑action waiver in the Terms with jurisdictional specifics; users should review arbitration and governing‑law clauses carefully in the contract.

Data retention, breach notification, and privacy rights

• Personal data is retained only as needed for business, legal, or compliance reasons; breach notification procedures and consumer privacy choices (access, correction, deletion, opt‑out) are described in the privacy policy and apply according to jurisdictional law.
• California and other jurisdictional addenda set out additional disclosure and rights for residents, including sensitive data handling and opt‑out mechanisms.

Practical security tips for traders

• Complete KYC fully and early, use strong unique passwords, enable any offered account protections, and keep payment‑partner onboarding current to avoid payout holds.
• Assume simulated results differ from live execution; test EAs and strategies on demo quotes, and retain trade logs and order tickets for any compliance or dispute review.

Public track record and longevity

• The legal and public filings list Blue Guardian Limited as a Saint Lucia corporation operating the simulated trading service, confirming corporate formation and contact details for regulatory or legal inquiries.
• The firm presents itself as a modern challenge/instant‑funding operator with rapid market entry and multiple product variants rather than a long‑standing regulated brokerage; public disclosures emphasize simulated trading, not client deposit custody.

Payout reviews and real‑world case studies

• Community feedback highlights fast payouts for compliant users and clear payout processes, with recurring positive notes about instant funding speed and dashboard reporting; negative reports concentrate on strict enforcement, chargeback policies, and edge‑case dispute outcomes.
• Verified case summaries and user testimonies show consistent payouts when KYC and payment onboarding (RiseWorks or equivalent) are completed, while contested closures most often involve alleged demo‑environment exploits or prohibited strategy claims.

Red flags and scam indicators to watch for

• No regulatory license is presented as a brokerage or custodian on public pages, so traders should treat programs as simulated funding with contractual rather than deposit protections.
• Watch for strict anti‑chargeback and anti‑abuse contract terms, aggressive forfeiture language, and mandatory arbitration/class‑action waivers that can limit legal remedies in disputes.

Practical guidance for assessing reliability

• Verify KYC completion, payment‑partner onboarding, and the exact product T&Cs before paying any challenge fee. Keep screenshots and exported trade logs for any claim or appeal.
• Cross‑check community channels (Discord, affiliate reports) for recent payout confirmations and note timing: fast payouts reported but compliance reviews can introduce delays in specific cases.

Regulatory summary and corporate identity

• The service is operated by Blue Guardian Limited, a Saint Lucia corporation that identifies itself as a simulated trading and evaluation operator rather than a regulated deposit‑taking broker; corporate contact details and registration are published in public filings.
• MT5 services and related materials are stated as not intended for U.S. persons or use in jurisdictions where such use would violate local law.

Key legal and contract highlights to review before joining

• The Terms of Use emphasize simulated trading, strict anti‑abuse rules (no chargebacks, no scraping, no latency/arbitrage exploitation), indemnification, and mandatory dispute procedures including arbitration and class‑action waivers; these provisions materially affect legal remedies and are contractually binding.
• The refund and chargeback policies are strict: evaluation fees are generally non‑refundable after credentials are issued, with limited refund mechanics tied to milestone profit‑split payments per the published refund policy.

Privacy, data sharing, and KYC obligations

• Personal data collection includes KYC and biometric identifiers and the privacy statement discloses sharing data with affiliates, mentorship programs, simulated trading platforms, and payment partners for fraud detection, onboarding, and operational needs.
• Users should expect standard cookie and telemetry collection, and that privacy rights (access, deletion, portability, opt‑outs) are governed by the Privacy Policy and applicable jurisdictional addenda (e.g., California provisions).

Dispute resolution, jurisdiction, and user remedies

• Contracts incorporate arbitration clauses and a class‑action waiver; jurisdictional specifics and limitations on court access make it essential to read the Disputes & Arbitration and governing law sections before purchase.
• For high‑value or contested claims, gather and preserve technical logs, trade tickets, timestamps, KYC proof, and payment‑partner records to support any internal appeal or external legal proceeding.

Practical legal checklist for prospective traders

• Verify company registration and contact details, read the full Terms and Privacy Policy, and confirm product‑specific T&Cs before paying any fee.
• Complete KYC and payment‑partner onboarding early, export trade logs, and keep screenshots and order tickets for dispute support.
• If you rely on local consumer protections (e.g., EU/UK/CAN/AUS/US state rules), identify how those override or interact with contract clauses and arbitration provisions.

Side‑by‑side scorecard (brief)

Weighted decision checklist

1. Evaluation clarity: strong — multiple clear funding paths (1‑step, 2‑step, instant).
2. Trader economics: competitive top split but product tiers vary; check instant vs challenge splits.
3. Rules strictness: medium‑high — strict anti‑abuse, chargeback and consistency rules in T&Cs.
4. Execution & tech: MT5 + proprietary UI; simulated quotes from liquidity providers.
5. Support & payouts: good operational focus — payouts reported fast after KYC/payment‑partner onboarding.

Final verdict and who should apply

• Best for disciplined traders who require instant funding options, test EAs on real‑quote demo, and accept strict anti‑abuse enforcement.
• Not ideal for traders seeking custodial deposit protections or regulated broker guarantees; treat offerings as contractually governed simulated funding.