Exclusive FNG… FNG has learned that UK-based Blue Guardian is in the process of acquiring an Australian-licensed broker, which will allow the company to serve its client base directly without acting as an Introducing Broker to third-party brokers.
The company did not say which ASIC license holder it was buying.
Blue Guardian is also adding its DXtrade trading platform as a solution for US clients and plans to add its Match-Trader multi-asset trading platform sometime in March.
Blue Guardian is one of several retail commodity trading firms that have been told in the past two weeks by the execution brokers (and trading platform operators) they work with to stop accepting US-based clients. Props are also looking to add alternative trading platforms to MT4 and MT5 after MetaTrader company MetaQuotes took steps to delist the business it started.
Blue Guardian is operated by a Dubai-based Free Zone company called Iconic Exchange FZCO. Having previously partnered with Australia-based broker Purple Trading (via its offshore arm Purple Trading Seychelles), the firm now states on its website that it acts as an Introducing Broker for ThinkMarkets.com.
Blue Guardian CEO Sean Bainton (@BaintzCEO) posted the following tweet over the weekend on X (formerly Twitter) about the changes:
MODERNIZE:
Next week, I will be getting an ASIC regulated broker exclusively for my companies. This partnership is unique because it is exclusive to us, which means we reduce the risk of outages that other brokers in the support space may face.
At Blue Guardian, we are in the process of moving everything over to this new broker by last Wednesday. This move will provide us with a dedicated space specifically tailored to our non-US customers with much better trading conditions. Additionally, we plan to rebrand our broker to more closely align with the companies theme.
For our valued Blue Guardian customers in the US, we have plans for you too. We are finalizing the setup so you can start using DXtrade by this Friday. To ensure a smooth transition, we ask all Blue Guardian traders to close their trades by 5pm. EST this Monday.
Additionally, we are excited to announce that Match Trade will be available soon (2 weeks). We appreciate your cooperation in making these changes as smooth as possible. Exciting developments are on the horizon and we owe it all to your support!
All non-US customers will also be migrated to this new broker, last Wednesday. All US customers will be migrated to DXtrade, although we expect it to be another week before it is available. All trades must be closed by Monday 5pm. EST.