If you’ve been searching for an instant funding prop firm, you’ve probably come across Blue Guardian’s new offering. I’ve been trading with Blue Guardian for a while now, and I’ve taken multiple payouts without a hitch. That being said, I was pretty excited when I first saw they were rolling out their Instant Funding option. But, like with anything in the trading world, you need to dive deep into the details to really know if it’s a good fit for you. So, let’s break it down.
What Blue Guardian Instant Funding Promises
When I checked out Blue Guardian’s Instant Funding, I was immediately impressed with how clear and straightforward their trading rules seemed. Here’s the breakdown:
- No Profit Targets: This is a huge bonus. Many other prop firms with instant funding require you to hit a 10% target before you can withdraw anything, but Blue Guardian doesn’t have that restriction. This makes it much easier to get started and see profits quicker.
- Account Leverage & Risk Management: You get a leverage of 1:3. The drawdown limits are 3% per day and 6% overall, which is manageable if you’re good with risk management. However, it’s not perfect, so you’ll need to be mindful of those numbers.
- Payouts and Profit Split: You’ll receive payouts bi-weekly, and the best part? You get an 80% profit split. At first glance, this sounded like a dream deal.
But then, of course, I had to get into the fine print to make sure everything was as good as it looked.
What’s Hidden in the Fine Print?
As I dug deeper into their FAQ section, I found a few things that made me pause and reconsider signing up. Here’s what I found that could affect your decision:
- The Consistency Rule: This is a big one. In order to be eligible for a payout, you need to meet a 20% consistency score. This means you have to make five times your maximum trading day profit before you can even think about withdrawing. This kind of restriction could be a deal-breaker for a lot of traders because it adds a level of pressure that you might not expect.
- Trailing Drawdown: This is a tricky one. After you take a profit, your drawdown is moved up accordingly. So, let’s say you made a 7% profit, but after taking that out, your drawdown limit adjusts, which could prevent you from making larger trades without hitting the limit. This setup could potentially trap you, especially if you’re in a streak of good trades.
- The Auto-Closing Rule: Here’s another tough one. If you hit a 1% drawdown at any given time during the day, Blue Guardian will automatically close out all your trades. This can happen even if you’re not exceeding your overall daily loss limit, which can be incredibly frustrating. On top of that, if this happens three times, you lose 30% of your profit split, dropping from 80% to 50%. And on the fourth breach, they can terminate your account. That’s a pretty harsh penalty for small mistakes.
- Risk of Cheating or Gambling: As with most prop firms, Blue Guardian also has a strict no-cheating rule. They’ll penalize you for strategies like arbitrage or using delayed data feeds. They also have a “gambling rule,” so if they deem your trading behavior as too risky or speculative, you can kiss your payout goodbye.
Should You Go for It?
I still think Blue Guardian is a solid choice if you’re going through their standard two-phase challenge. I’ve had no problems with their payouts and the conditions there are much more favorable compared to the instant funding option. The Instant Funding, on the other hand, comes with some strict rules that might not be suitable for all traders.
If you’re the type of trader who likes a bit of flexibility and doesn’t want to deal with trailing drawdowns or automatic trade closures, I would recommend staying away from the Instant Funding option for now. However, if you’re confident in your ability to manage risk tightly and can live with the consistency rule and other limitations, then it might be worth considering.
In short, Blue Guardian has potential, but as it stands right now, the Instant Funding model isn’t without its challenges. If they adjust some of these rules, I’ll definitely keep you updated!
Thanks for reading, and happy trading!