About Blastrade
Company Overview
Blastrade is an entity registered in Australia, established on June 9, 2021. The company operates the domain blastrade.com, which serves as a gateway to its trading-related services. While the firm presents itself within the forex and CFD trading space, it does not hold any known regulatory authorisation from Australian or international financial authorities.
Regulatory Status
Our records indicate that Blastrade has no registered regulators on file. This absence of a trusted regulatory oversight body is a significant factor for traders to consider, as it means there is no independent watchdog ensuring client fund segregation, fair trading practices, or recourse in case of disputes.
Service Offering
Based on publicly available information, Blastrade provides a trading journal tool called BlastJournal. This service is positioned as a utility for traders to log and analyse their trades, with features such as automatic trade import from various brokers. However, whether Blastrade also offers execution-based brokerage services (e.g., live trading accounts, leverage, instruments) is not clearly documented on its public-facing website.
Target Audience
The platform appears to target retail traders who are looking for tools to improve their trading discipline and performance. The trading journal is marketed as accessible to traders of all skill levels. However, without clear evidence of a brokerage offering, the exact demographic that Blastrade serves remains ambiguous.
Independent Reviews and Transparency
As of our research, there are no independent user reviews or third-party assessments of Blastrade's services. The lack of verifiable feedback online makes it challenging to gauge user satisfaction or platform reliability. Transparency is further limited by the sparse information available on the main website, which primarily highlights the journal product.
FXCanary Risk Assessment
FXCanary has assigned Blastrade a Scam Risk Score of 48 out of 100, categorised as 'Guarded'. This score reflects the absence of regulation and limited public information. While no outright scams have been reported, the guarded rating advises caution, particularly for traders who prioritise regulatory protection and transparency.
Conclusion of Introduction
In summary, Blastrade is a relatively new Australian-registered entity that offers a trading journal under the BlastJournal brand. It lacks regulatory oversight and has a minimal online footprint. Traders considering any engagement should seek additional verification and be aware of the inherent risks associated with unregulated financial service providers.
Overview compiled by FXCanary from regulatory records and public data. full Blastrade review