Blue Suisse Review – All The Key Features, Pros and Cons Revealed
The ownership of this brand belongs to Blue Suisse Limited, with headquarters in Malta. Also, the company has another office in Germany. With their activities since 2017, according to who.is, they have quite a few reviews.
Yet, the company is fully transparent about regulations and trading features. But is there still something that you should worry about or not? Find out in this Blue Suisse review.
|Is This Company Safe?||Probably|
|Have Warnings From:||N/A|
|Trading Platforms:||MT4, MT5, TradeMaster|
|Deposit Bonus:||Not available|
|Trading Assets:||Forex, Indices, Commodities, Shares|
|Free Demo Account:||Available|
|How To Withdraw From This Company?||The company offers various methods, but primarily bank transfer, Skrill, Neteller, Rapid and PaySafe. But if you come up with any withdrawal problems, feel free to contact our refund team for advice.|
Legal Info: Is Blue Suisse Legit?
Blue Suisse Limited is indeed regulated by the domestic regulator. In their case that is MFSA (Malta Financial Service Authority).
One of the main advantages of this broker is negative balance protection. However, they don’t appear to have segregated bank accounts for deposits or compensation schemes, unlike FCA regulated brokers. With this in mind, you might as well look for better brokers.
Who Are Blue Suisse’s Clients?
Since 2017, this company is mainly operating in Europe. However, for trading with citizens in some countries, they are not properly regulated. Mainly, their traders come from:
- United Kingdom
In the end, it all comes to personal preference. So, let us know what you think about this broker. Of course, if you experience any potential issues, reach out to our expert team for advice.
So far, Blue Suisse reviews on Trustpilot are positive. Even though, there are only 10 of those, which is quite strange for a broker that exists since 2017.
Nevertheless, the broker is not Tier 1 regulated and potential problems can come up. In such cases, our team is available for consultation.
Leverage, Commissions, Spreads, Fees and Taxes
The leverage with Blue Suisse broker can go up to 1:200. But in Europe, according to ESMA (European Securities and Markets Authority), retail traders shouldn’t get more than 1:30. So, decide for yourself.
As for the spreads, they are starting from 0.8 pips which is considerably lower than the average. Yet, other fees and commissions remain unknown with Blue Suisse Limited broker. This is not a sign of a highly reputable broker. But to understand the importance of fully transparent costs, you can check our MaxProinvest review as well.
Blue Suisse Trading Features
Important to realize is that this broker offers very good software solutions. You can choose between MT4 and MT5, but also TradeMaster. All these have their own advantages, but MT5 is currently the best choice.
Is Blue Suisse Legit?
Even though Blue Suisse broker is legit and licensed, they are not a top-notch option. For example, FCA-regulated brokers are members of the compensation scheme. In the case of bankruptcy or insolvency, traders can get up to 85,000 GBP. At the same time, with Blue Suisse, you are left with lengthy appeal process.
Available Trading Assets
As for the tradeable assets, the company has very solid options divided into four categories, with the exception of cryptocurrencies. The choices are:
- Forex – GBP/AUD, USD/EUR
- Commodities – natural gas, palladium
- Indices – DAX30, FTSE100
- Shares – BMW, Nvidia
The minimum deposit requirement with Blue Suisse is a bit higher than usual. It starts at $500, but at least they provide some kind of security for it. But with a higher deposit, you can get unclarified premium services, access to exclusive reports and custom conditions. The options are:
- Denim blue – $500
- Sky blue – $5.000
- Sapphire blue – $50.000
Mobile Trading App
All of the offered software choices are also available for mobile devices. Whether for iOS or Android. Most importantly, you are not losing any functionalities while using those. Sometimes this can be a key to success. But an even better example you can find in our PrimoTrade review.
As a great tool for testing out conditions and trading features, there comes a demo account. It is also a part of the offer with the Blue Suisse broker. Before you are comfortable to risk any of your funds, you better play with virtual for a while.
For the educational part, this broker is not the best one. They only provide general articles about trading and analysis. But with some Tier 1 regulated brokers, you can also get access to webinars and live trading sessions.
Blue Suisse Withdrawal
Blue Suisse’s withdrawal procedure seems quite simple. They claim to process the request within 2 business days and traders should get money within 5 business days.
Apparently, there are no withdrawal costs or limitations of any kind. Yet, the company reserves the right to withhold any withdrawal request until all legal requirements are met.
For the contact options, the company provides everything you need, starting with phone, e-mail and live chat. Considering their European regulation, you shouldn’t have problems with those.
Key Information To Consider About Blue Suisse?
Besides regulation and good software choice, there is nothing other brokers are not offering. Also, the company offers a bit higher leverage which can be dangerous for inexperienced traders. In any case, there are better options. But if you know something that we don’t or you experienced any irregularities with them, contact us.
Our refund team can analyze everything with you and offer you a proper solution. Especially if you need the chargeback advice. Bear in mind that our first consultation is completely free. If any potential issue comes up, don’t waste time and contact us immediately.
What Is Blue Suisse?
Blue Suisse is an FX and CFD brokerage with headquarters in Malta offering services mostly to Europeans.
Is Blue Suisse Regulated?
In fact, yes. The company has an MFSA (Malta Financial Service Authority) license. Yet, the company doesn’t have any Tier 1 licenses like FCA, BaFin or ASIC.
Does Blue Suisse Accept Transfer Funds From Third Parties?
No. The company doesn’t accept transfers from third parties. But if you have any issues transferring your money, feel free to contact us for assistance.