Blue Whale Markets Information
Blue Whale Markets offers 400+ forex, commodities, crypto, and stock assets. It offers three account types, attractive spreads, and leverage up to 1:400 without regulation.
Pros and Cons
Is Blue Whale Markets Legit?
Blue Whale Markets is unregulated in its registered nation the USA. No major regulatory authorities like the FCA in the UK or ASIC in Australia regulate it.
From January 24, 2024 to January 24, 2026, bluewhalemarkets.com was registered. It was last updated on February 23, 2024, and is now clientTransferProhibited, meaning it cannot be transferred without permission.
What Can I Trade on Blue Whale Markets?
Blue Whale Markets offers access to over 400 different assets. You can trade a variety of products including stocks, indices, commodities, cryptocurrencies, and currency pairs.
Account Types
Blue Whale Markets offers three accounts: Standard (no deposit, spreads from 1.5), Prime ($1,000 deposit, spreads from 0.8), and ECN ($10,000 deposit, spreads from 0.0) with leverage up to 1:400. Demo and Islamic accounts are not accessible.
Leverage
The maximum leverage at Blue Whale Markets is 1:400 for all accounts.
Blue Whale Markets Fees
Generally in line with industry norms, Blue Whale Markets' fees provide low spreads and vary based on the type of account.
Trading Fees:
Blue Whale Markets spreads vary by account type.
Standard Account spreads start at 1.5 pips.
Spreads start at 0.8 pips for Prime.
ECN Account: Spreads start at 0.0 pips, commissions apply.
Commissions:
Standard and Prime Accounts have no transaction commissions. Unspecified commissions may apply to the ECN Account.
Swap Rates:
Blue Whale Markets charges overnight swap rates for positions held overnight, depending on the instrument and account type.
Trading Platform
Deposit and Withdrawal
Blue Whale Markets levies no deposit or withdrawal fees. Account type determines the minimum deposit; the Standard Account has no minimum; the Prime Account requires $1,000; and the ECN Account requires $10,000.
Customer Service
Blue Whale Markets offers email, phone, and online form multilingual help available 24/7. The given support guarantees traders' ability to seek help whenever they need it.
The Bottom Line
With Blue Whale Markets, you can trade with high leverage and no fees for deposits or withdrawals. Traders should be wary due to the absence of regulation.
FAQs
Is Blue Whale Markets safe?
No, it lacks regulation.
Is Blue Whale Markets good for beginners?
Although the Standard Account is appropriate for novices, care is suggested considering the uncontrolled nature of it.
Is Blue Whale Markets good for day trading?
Indeed, for day trading it provides competitive spreads and quick execution, which are perfect.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client.
