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BLUE DRAGON

Severe riskForex / CFD broker
🇻🇨 Saint Vincent and the Grenadines · 2-5 years · since 2022-06-23 · Blue Dragon LLC
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
3 reviews ›
0
Licenses ›
1
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
75/100
Scam risk ›
0
Clone sites ›
▲ 67% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX2.13/10
Trustpilot—/5
Forex Peace Army—/5
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No sign that BLUE DRAGON actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Saint Vincent and the Grenadines (offshore, light oversight)
  • Withdrawal complaints in ~33% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints612%
Offshore registration808%
Transparency (site/info/social)7510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameBlue Dragon LLC
Headquarters🇻🇨 Saint Vincent and the Grenadines
Founded2022-06-23
Years operating2-5 years
Employees0
Official websitebd-fx.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Blue Dragon operates without any recognised financial regulation, which is a significant risk factor for traders. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction that does not impose meaningful oversight on forex brokers. Combined with a high FXCanary Scam Risk Score of 75/100 (Severe), this broker presents considerable risks, including potential difficulties with withdrawals, lack of dispute resolution, and no guarantee of fair treatment. We strongly advise traders to exercise extreme caution or avoid this broker entirely.

Best for
  • Traders seeking high leverage up to 200:1
  • Those comfortable with unregulated offshore brokers
  • Traders preferring the MT5 platform
  • Clients looking for low minimum deposits
Not for
  • Traders requiring regulatory protection or compensation schemes
  • Those who trade with large volumes or need robust oversight
  • Risk-averse investors concerned about fund security
Period:
What users praise
Where reviewers are from
Belarus1
Pakistan1
Nigeria1

Real user reviews

Where BLUE DRAGON operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇯🇵 Japan

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What BLUE DRAGON says about itself as stated by the broker · not independently verified by FXCanary

Trading Environment and Features

Blue Dragon claims to offer a 'high standard trading environment' with 'highly transparent transactions' and a 'state-of-the-art platform'. The broker states that it provides zero account opening fees, a minimum deposit of 10,000 yen (approximately $70), and supports 24-hour speedy deposits and withdrawals. According to its website, there are no restrictions on double-crossing or scalping, and the broker offers high liquidity through connections to multiple liquidity providers.

Account Types

The broker lists at least one account type on its website: a Standard account with a minimum spread of 1.0 pips, no transaction fees, maximum leverage of 200 times, and a maximum lot size of 100 lots per ticket. Blue Dragon says that traders can choose from multiple account types to suit their trading style, though only Standard is explicitly detailed on the site. The broker also claims that account opening is free and that the minimum deposit is set at a low threshold to accommodate retail clients.

Platform and Technology

Blue Dragon advertises the MetaTrader 5 (MT5) platform as its primary trading tool, available on PC, tablets, and smartphones. According to its marketing, the platform offers seamless and convenient trading, faster performance, various ordering methods, technical analysis tools, and a comprehensive transaction history view. The broker also mentions a web browser version for users who prefer not to download software.

Support and Partner System

The broker states that it provides multilingual customer support and encourages registered clients to submit inquiries via a 'My Page' section. Blue Dragon also promotes a partner (IB/affiliate) system, with a dedicated inquiry email for partner-related questions. The website claims that the partner management screen and commission lists have been designed for convenience based on customer feedback.

Risk Disclaimer and Terms

Blue Dragon includes a Risk Disclosure Statement on its website, warning that forex trading is highly speculative and involves substantial risk, suitable only for customers who can bear losses exceeding their margin. The Terms & Conditions are governed by Blue Dragon LLC, a Saint Vincent and the Grenadines entity. The broker requires identity and address verification documents for account opening, as detailed in its FAQ section.

About BLUE DRAGON

Overview

Blue Dragon is a retail forex and CFD brokerage operating under the company name Blue Dragon LLC, registered in Saint Vincent and the Grenadines (SVG) with registration number 1438 LLC 2021. The broker’s official website is bd-fx.com, and it states an office presence in Vietnam. Founded in June 2022, Blue Dragon targets retail traders, particularly those in Asian markets, offering access to leveraged trading on currencies and contracts for difference through the MetaTrader 5 platform.

Regulation and Licensing

Blue Dragon is not regulated by any financial authority. The company is registered in Saint Vincent and the Grenadines, a jurisdiction known for its light-touch approach to financial services oversight, where registration does not equate to regulatory supervision. The broker does not hold a licence from any recognised regulator such as the FCA, CySEC, or ASIC. As a result, traders do not benefit from protections like negative balance protection, compensation schemes, or independent dispute resolution.

Account Types and Trading Conditions

Blue Dragon offers at least one account type: a Standard account with a minimum spread of 1.0 pips, no commission, and maximum leverage of 200:1. The minimum deposit is set at 10,000 yen (approximately $70 USD), and there are no account opening or maintenance fees. The maximum lot size per trade is 100 lots. The broker claims to offer multiple account types, but only the Standard account is detailed on the website.

Platforms and Trading Tools

The broker exclusively provides the MetaTrader 5 (MT5) platform, which is available as a desktop application, mobile app, and web version. MT5 is a widely used multi-asset platform offering advanced charting tools, technical indicators, and automated trading via Expert Advisors. Blue Dragon does not mention any proprietary platform or additional tools beyond MT5.

Deposits and Withdrawals

Blue Dragon states that it offers 24-hour speedy deposit and withdrawal services. The minimum deposit is 10,000 yen. The broker does not provide details on payment methods on its website, but it emphasises fast processing times. Withdrawals are likely subject to verification procedures as outlined in the account opening process, which requires identity and address documentation.

Client Segregation and Fund Safety

The broker mentions on its website that it maintains segregated accounts for client funds, though it does not provide independent verification or audit details. Given the lack of regulatory oversight, the actual extent of fund protection is uncertain. Traders should be aware that client funds may not be protected in the event of insolvency or malpractice.

Customer Support and Partner Programme

Blue Dragon offers multilingual customer support, with inquiries handled via a 'My Page' system for registered clients. The broker also runs an affiliate/IB programme, allowing partners to set custom trading conditions and earn commissions. Contact details include a general support email and an affiliate inquiry email, but no phone number or live chat is prominently displayed.

Overview compiled by FXCanary from regulatory records and public data. full BLUE DRAGON review