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Blue Whale

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Operating status: SCAM

Website: https://bluegldfx.com/en/index1.html

Broker violations and abnormal records
  • 2023-04-22 BrokersView has reviewed that Blue Whale is an unregulated broker

    Blue Whale claims to be trusted by displaying images of awards on its homepage but provides zero details about its regulatory status, which is a clear indication of unlicensed brokers, as legitimate ones always prominently display their accreditation and licenses. Investors must bear in mind that the key factor in determining the reliability of a broker is whether it is subject to effective regulation, rather than relying on awards, which are merely the frosting on the ice. Since it mentioned at the bottom of its page that it is established in UK, we searched this country's financial regulator Financial Conduct Authority (FCA) website for this broker. However, we didn't find records matching it. As such, any offering of financial services or products by this broker is illegal.

    In essence, Blue Whale is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Blue Whale claims to be trusted by displaying images of awards on its homepage but provides zero details about its regulatory status, which is a clear indication of unlicensed brokers, as legitimate ones always prominently display their accreditation and licenses. Investors must bear in mind that the key factor in determining the reliability of a broker is whether it is subject to effective regulation, rather than relying on awards, which are merely the frosting on the ice. Since it mentioned at the bottom of its page that it is established in UK, we searched this country's financial regulator Financial Conduct Authority (FCA) website for this broker. However, we didn't find records matching it. As such, any offering of financial services or products by this broker is illegal.In essence, Blue Whale is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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