Prop Trading Firm Blue Guardian to Acquire ASIC-Regulated Broker for Local License

The UK-based Prop trading firm Blue Guardian will acquire a broker regulated by the Australian Securities and Exchange Commission (ASIC) to obtain a local license. This strategic move will enable the company to provide trading services directly for its clients without having to rely on third-party brokers.

Blue Guardian CEO Sean Bainton announced the news on X, “Next week, I will be acquiring an ASIC-regulated broker exclusively for my companies. This partnership is unique because it’s exclusive to us, meaning we reduce the risk of shutdowns that other brokers in prop space might encounter.”

Due to the recent tighter regulations implemented in the U.S.  prop trading industry, Blue Guardian, like many other companies in the sector, has limited its services to American clients.

Bainton continued: “At Blue Guardian, we are in the process of transitioning everything to this new broker by latest Wednesday. This move will provide us with a dedicated space tailored specifically for out non-US clients with much better trading conditions. Additionally, we plan to rebrand our broker to align more closely with the firms theme.”

For affected US customers, Bainton revealed that, “For our valued Blue Guardian customers in the US, we have plans in place for you as well. We are finalizing arrangements so that you can begin using DXtrade by this Friday. To ensure a seamless transition, we kindly request all Blue Guardian traders to close their trades by 5 PM EST this Monday.”

Bainton also mentioned that the Match-Trade trading platform is expected to be launched within two weeks.

Notably, several prop trading firms such as For Traders, The Funded Trader, Swift Funding, and Lark Funding have recently migrated their trading platforms to DXTrade.