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Blue Dragon
Operating status: SCAM
Website: https://www.bd-fx.com/en/
Broker violations and abnormal records
Blue Dragon claims to operate under Blue Dragon LLC, which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we can confirm that a matching company exists in the SVG FSA registry, its registration status is listed as 'cancelled'. This indicates that the company has ceased operation. Furthermore, SVG FSA registration itself only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or license forex brokers.
Blue Dragon LLC is not licensed by any recognised financial authority. Despite its registration being revoked, it is still operating as a forex broker. Therefore, we consider Blue Dragon as a fraudulent broker.
Blue Dragon claims to operate under Blue Dragon LLC, which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we can confirm that a matching company exists in the SVG FSA registry, its registration status is listed as 'cancelled'. This indicates that the company has ceased operation. Furthermore, SVG FSA registration itself only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or license forex brokers. Blue Dragon LLC is not licensed by any recognised financial authority. Despite its registration being revoked, it is still operating as a forex broker. Therefore, we consider Blue Dragon as a fraudulent broker.
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