FNG Exclusive… FNG has learned that UK based prop trading firm Blue Guardian is in process of acquiring an Australia licensed broker, which will enable the company to directly serve its client base without acting as an Introducing Broker to third party brokers.

The company didn’t indicate which ASIC license holder it was buying.

Blue Guardian is also adding the DXtrade trading platform as a solution for US clients, and planning to add the Match-Trader multi-asset trading platform at some point in March.

Blue Guardian is one of a number of retail prop trading firms which were informed over the past couple of weeks by the executing brokers (and trading platform operators) they work with to halt taking US based clients. The props have also been scrambling to add alternative trading platforms to MT4 and MT5, after MetaTrader operator MetaQuotes took steps to remove prop-firm initiated business from its books.

Blue Guardian is operated by a Dubai based Free Zone Company called Iconic Exchange FZCO. After previously working with Cyprus based broker Purple Trading (via its offshore arm Purple Trading Seychelles), the company now reports on its website that it serves as an Introducing Broker for ThinkMarkets.com.

Blue Guardian CEO Sean Bainton (@BaintzCEO) issued the following tweet over the weekend on X (formerly Twitter) regarding the changes:

UPDATE:

Next week, I will be acquiring an ASIC regulated broker exclusively for my companies. This partnership is unique because it’s exclusive to us, meaning we reduce the risk of shutdowns that other brokers in prop space might encounter.

At Blue Guardian, we are in the process of transitioning everything to this new broker by latest Wednesday. This move will provide us with a dedicated space tailored specifically for our non-US clients with much better trading conditions. Additionally, we plan to rebrand our broker to align more closely with the firms theme.

For our valued Blue Guardian customers in the US, we have plans in place for you as well. We are finalizing arrangements so that you can begin using DXtrade by this Friday. To ensure a seamless transition, we kindly request all Blue Guardian traders to close their trades by 5 PM EST this Monday.

Furthermore, we are excited to announce that Match Trade will soon be available (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 clients will also be migrated over to this new broker, latest Wednesday. All US clients will be migrated to DXtrade although we expect it to be another week before available. All trades should be closed by Monday 5pm EST.