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Blue Suisse Review - is it scam or legit?

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

RATING: 3 / 1 REVIEWS ForexBrokerz Blue Suisse
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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.



>> More MT4 forex brokers << 

 

 

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.

 

 

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>> Compare the spreads of some top brokers in real time <<

 

 

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  

 

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Traders` reviews for Blue Suisse

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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