Overview of Bluewater Trading Solutions
Bluewater Trading Solutions, founded in 2011 and based in the United States, provides traders with futures trading through its unregulated platform. With account types tailored to different trading needs and utilizing the Bluewater Trader (x64) and InsideEdge Trader (x32) platforms, Bluewater Trading Solutions aims to deliver accessible and professional trading services. However, it's essential to recognize that the company operates without regulatory oversight, necessitating careful consideration before engaging in trading activities due to potential risks associated with unregulated trading.
Is Bluewater Trading Solutions Legit？
Bluewater Trading Solutions is not regulated. It's crucial to emphasize that Bluewater Trading Solutionsoperates without any valid regulation, indicating a lack of oversight from established financial regulatory bodies. Traders must exercise caution and remain mindful of the inherent risks associated with trading through an unregulated broker like Bluewater Trading Solutions. These risks may include limited avenues for resolving disputes, potential concerns regarding the safety and security of funds, and a lack of transparency in the broker's operations. For a safer and more secure trading experience, it's highly recommended for traders to conduct thorough research and carefully consider the regulatory standing of a broker before engaging in any trading activities.
Pros and Cons
Bluewater Trading Solutionsboasts diverse technical support, accommodating various trading styles through its Bluewater Trader platform. It offers a range of educational resources and provides a demo account, facilitating traders' learning and practice. However, a significant downside is its operation without regulatory oversight, potentially exposing traders to risks associated with unregulated trading. Additionally, the lack of transparency regarding company policies and procedures raises concerns about accountability. Although it offers a demo account, there's uncertainty surrounding spreads and commissions. Furthermore, the limited offering of trading products may restrict traders' opportunities for diversification. Overall, while Bluewater Trading Solutions offers opportunities for trading, traders should approach with caution due to the lack of regulatory supervision and limited support resources.
Trading Instruments
Bluewater Trading Solutions specializes solely in futures trading, catering to traders interested in seizing opportunities within futures markets.
Account Types
Bluewater Trading Solutions provides demo and live trading accounts, with the demo account offering a 14-day free trial.
Trading Platforms
The Bluewater Trader (x64) and InsideEdge Trader (x32) platforms are futures trading platforms supporting various styles of day trading, including advanced volume analysis and programmable trading strategies.
The Bluewater Trader platform is licensed on a month-to-month basis via a single subscription fee, with no additional charges billed by Bluewater. It offers four different licensing levels: Standard Version, which includes basic trading and charting functions; Automation Version, which adds trade automation through the Strategy Builder; Pro Version, which includes order flow analysis studies and tools in addition to the Automation Version; and Pro Plus Version, which includes market profile and custom methodology equibars studies on top of the features offered in the Pro Version.
Customer Support
Bluewater Trading Solutions offers technical support through a variety of cutting-edge technologies tailored to meet traders' needs. These technologies include CQG, which provides fast and reliable global market data feeds from over one hundred sources, ensuring traders have access to real-time and historical data. Additionally, Bluewater maintains historical data for key markets such as CME, CBOT, NYMEX, and COMEX. Other supported technologies include GAIN Capital, IQFeed, Rithmic, CTS/T4, and TransAct, each offering unique features such as direct market access, low-latency trade execution, and comprehensive risk management tools.
For support inquiries, please email support@bluewatertradingsolutions.com, and for accounting matters, please contact accounting@bluewatertradingsolutions.com. Phone support is available at 312-361-3895, but please note that it is only accessible for paid subscriptions.
Educational resources
Bluewater Trading Solutions offers a set of educational resources to enhance traders' understanding and skills. These resources include daily published research with specific trade recommendations, a trading chat room open from 08:00 till 16:00 ET for real-time interaction.
Additionally, traders can participate in weekly training sessions covering transparent trading methodology, market dynamics, and other topics of interest to the chat room community.
The market center room provides analysis four times a day, with a focus on preparing for the next trading day.
Moreover, Bluewater Trading Solutions offers charting platform videos to provide guests with a basic understanding of various chart types, including the F1, F2, F3, F4, F5, and F6 charts.
The F1 Chart provides traders with a comprehensive overview of market action, serving as the best timeframe for evaluating past market movements, current market conditions, and identifying potential danger zones to avoid.
The F2 Chart is where the daily evaluations are applied, where trades are refined and levels are set for entry and exit.
The F3 Chart exploits the 15 and 30 minute time periods and provides the market profile in every time segment.
The F4 Chart is the execution and trade management Chart. It is also key in identifying prescribed setups.
The F5 Chart is the electronic version of 'Reading the Tape'. It displays every trade taken in the instrument.
The F6 Chart, by default, reads volume by bars and can read by ticks or a combination of both. This chart helps traders to identify when institutions are trading in the market and confirms the direction for trade selection.
Conclusion
In conclusion, Bluewater Trading Solutions offers diverse technical support and accommodates various trading styles through its Bluewater Trader platform, providing traders with a range of educational resources and a demo account for learning and practice. However, the absence of regulatory oversight poses potential risks associated with unregulated trading. Moreover, the lack of transparency regarding company policies and procedures raises concerns about accountability, and uncertainty surrounding spreads and commissions further complicates matters. Additionally, the limited variety of trading products may hinder opportunities for diversification. Traders should exercise caution and conduct thorough research before engaging with Bluewater Trading Solutions to mitigate potential risks and ensure a safer trading experience.
FAQs
Q: Is Bluewater Trading Solutions regulated？
A: No, Bluewater Trading Solutions operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities.
Q: What trading instruments are available on Bluewater Trading Solutions？
A: Bluewater Trading Solutions specializes solely in futures trading.
Q: What account types does Bluewater Trading Solutions offer？
A: Bluewater Trading Solutions provides demo and live trading accounts, with the demo account offering a 14-day free trial.
Q: How can I contact Bluewater Trading Solutions' customer support？
A: You can reach Bluewater Trading Solutions' customer support primarily through email at support@bluewatertradingsolutions.com. For accounting matters, please contact accounting@bluewatertradingsolutions.com. Phone support is available at 312-361-3895, but please note that it is only accessible for paid subscriptions.
Q: What educational resources does Bluewater Trading Solutions offer？
A: Bluewater Trading Solutions offers a set of educational resources to enhance traders' understanding and skills. These resources include daily published research with specific trade recommendations, a trading chat room open from 08:00 till 16:00 ET for real-time interaction. Additionally, traders can participate in weekly training sessions covering transparent trading methodology, market dynamics, and other topics of interest to the chat room community. The Market Center Room provides analysis four times a day, with a focus on preparing for the next trading day. Moreover, Bluewater Trading Solutions offers Charting Platform Videos to provide guests with a basic understanding of various chart types.
Risk Warning
Online trading carries substantial risks, and there is a possibility of losing your entire investment. It may not be suitable for all traders or investors. It's crucial to fully understand the risks involved before engaging in any trading activities. Please be aware that the information provided in this review is subject to change as the company updates its services and policies regularly. Additionally, the date of this review's generation is important to consider, as information may have evolved since then. Therefore, readers are encouraged to verify updated information directly with the company before making any decisions or taking any actions. Ultimately, the reader bears full responsibility for using the information provided in this review.
