This article provides a thorough comparison between two prominent proprietary trading firms, True Forex Funds and Blue Guardian, analyzing their offerings to forex traders globally.
Company Profiles
Both True Forex Funds and Blue Guardian are esteemed proprietary trading firms with robust reputations. Established in October 2021, True Forex Funds, helmed by Richard Nagy, operates from Győr, Hungary. Conversely, Blue Guardian, led by Sean Bainton, began its operations in September 2021 and is based in West Midlands, UK. Each firm allows traders to manage up to $400k in two-step evaluation accounts and features scaling plans.
Comparing Funding Programs
True Forex Funds and Blue Guardian offer a range of funding programs to forex traders. True Forex Funds presents a one-step evaluation and three two-step evaluations, while Blue Guardian provides a one-step evaluation and two two-step evaluations.
Two-Step Evaluation Breakdown
Here’s a closer look at the specifics of each two-step evaluation program:
- Phase 1 & 2 Profit Targets: Both firms set an 8% target for Phase 1, with True Forex Funds having a 5% target for Phase 2 and Blue Guardian a 4% target.
- Daily & Overall Drawdown: Both firms have a 5% daily drawdown, with True Forex Funds at 10% overall and Blue Guardian at 8-10%.
- Leverage: 1:100 for True Forex Funds and 1:50 to 1:100 for Blue Guardian.
- Minimum Trading Days: Varies, with some programs requiring no minimum.
- Trading Period: Ranges from 30 to unlimited calendar days.
- Profit Split: 80% for True Forex Funds and up to 85% for Blue Guardian.
Price Comparison
Account sizes and fees for each firm’s programs are as follows:
- $10,000 Account: €89 for True Forex Funds, $120 for Blue Guardian
- $25,000 Account: €189 for True Forex Funds, $240 for Blue Guardian
- $50,000 Account: €299 for True Forex Funds, $370 for Blue Guardian
- $100,000 Account: €499 for True Forex Funds, $570 for Blue Guardian
- $200,000 Account: €998 for True Forex Funds, $1,090 for Blue Guardian
Brokers & Trading Platforms
Both firms utilize MetaTrader 4 and MetaTrader 5 platforms. True Forex Funds partners with Tier-1 liquidity providers, while Blue Guardian works with Eightcap and Purple Trading Seychelles.
Trading Instrument Options
The availability of trading instruments is crucial. Both firms offer forex pairs, commodities, indices, and crypto trading. However, only True Forex Funds provides stock trading.
Community Feedback Insights
Trustpilot ratings are pivotal for evaluating community feedback:
- True Forex Funds holds a 4.7/5 rating from 2,257 reviews.
- Blue Guardian boasts a 4.8/5 rating from 631 reviews.
Conclusion
In summary, both True Forex Funds and Blue Guardian present excellent opportunities for traders, with distinct differences in their trading rules, pricing, and community feedback. True Forex Funds offers a wider range of two-step evaluations, whereas Blue Guardian provides a slightly higher profit split in their programs.
