Blue Save is a forex broker that plays fast and loose regarding providing valid information. In the review below, we take an in-depth look at the features bluesave.io allegedly offers. This review basically answer the questions: is blue save legit? Is blue save good? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about Blue Save forex broker.
Table of Contents
Blue Save Trading Platform
Bluesave.io is a poorly designed site full of questionable design choices. Not only does it look bad it also feels empty as necessary and required information isn’t provided. At first glance we discover that this broker doesn’t broker support neither the MT4 nor the MT5 trading platform (although it claims it does.)
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They use a web trader to offer assets such as Forex (with undisclosed leverages) CFDs, and Indices.
BlueSave Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has seven account types
Blue Save Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The only to deposit is through bitcoin. We do not recommend you deposit anything to this broker as transactions through this method is irreversible and untraceable.
One thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is Blue Save Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
The website reveals that this broker is located in the Saint Vincent and the Grenadines.
SVG is a place that attracts shady brokers because of their lack of proper licensing laws and a regulatory body
Traders should always ascertain if a broker is licensed before investing in them. They should check regulatory bodies such as the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. .
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We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with bluesave.io as they don’t give any valid information concerning if they are a regulated broker.
Blue Save is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.