Alphachain vs Blue Guardian

Incorporation ๐Ÿ
Alphachain
August 2020
Blue Guardian
June 2019
Pros โœ…
Alphachain
- Scaling potential up to $1,280,000 with a 4.7/5 Trustpilot rating. - Options for basic evaluation, direct funding, and five account programs. - Inclusive of preparatory educational sessions. - Overnight holding permitted (Monday - Friday) with 1:100 leverage. - Premium instruction and mentorship from industry experts.
Blue Guardian
- $400,000 standard account cap with potential to scale to $2,000,000. - Exceptional 4.8/5 Trustpilot rating with 85% profit share. - Leverage up to 1:100 and minimal evaluation goals of 8% and 4%. - Supports overnight, weekend positions, and news trading. - Comprehensive user interface with diverse trading tools (forex, commodities, crypto, etc.).
Cons โŒ
Alphachain
- Restrictions on lot size - Minimum of 30 active trading days required - Prohibition on news trading and holding positions over weekends
Blue Guardian
- Mandatory 5 trading days for Elite Guardian - Absence of a free trial
Rules ๐Ÿ“‹
Alphachain
Lot Size Limit, Maximum Loss, Maximum Weekly Loss, Minimum Trading Days, No EAs Allowed, No News Trading, No Weekend Holding, Profit Target, Stop Loss Required
Blue Guardian
Maximum Daily Loss, Maximum Loss, Maximum Trading Days, Minimum Trading Days, Profit Target, Third Party Copy Trading Risk, Third Party EA Risk
Deposit ๐Ÿง
Alphachain
Credit/debit cards
Blue Guardian
Credit/debit cards, Crypto
Withdrawal ๐Ÿ’ฐ
Alphachain
Bank Wire Transfer, Crypto
Blue Guardian
Bank Wire Transfer, Crypto, Deel
Account Size ๐Ÿช™
Alphachain
"$10,000 USD", "$15,000 USD", "$20,000 USD", "$50,000 USD"
Blue Guardian
"$10,000 USD", "$100,000 USD", "$200,000 USD", "$25,000 USD", "$50,000 USD"
Instruments ๐Ÿ“ˆ
Alphachain
Commodities, Crypto, Forex, Indices
Blue Guardian
Commodities, Crypto, Forex, Indices, Metals
Currencies ๐Ÿ’ฑ
Alphachain
USD
Blue Guardian
USD

Scaling and Profit Potential

When comparing prop firms, the scaling potential and profit-sharing structure are crucial for traders looking to grow their capital and earnings. Alphachain emerges as a strong contender with the possibility to scale up to $1,280,000, which is impressive. On the other hand, Blue Guardian doesn't disappoint either, with a standard account cap of $400,000 and an opportunity to scale up to $2,000,000 surpassing Alphachain's offering. It indicates that Blue Guardian might be the better option for traders aiming for higher capital tiers. Blue Guardian's 85% profit share is particularly attractive, sweetening the deal for profitable traders.

Trust and User Experience

Both Alphachain and Blue Guardian score highly on Trustpilot, with ratings of 4.7/5 and 4.8/5, respectively, suggesting high levels of client satisfaction. In user experience, Blue Guardian seems to take the lead with a robust interface and a wider array of trading tools, including forex, commodities, crypto, and more. The inclusion of metals as tradeable instruments sets them apart.

Educational Support and Trading Conditions

Educational resources can be the linchpin for a trader's success. Alphachain's educational sessions and mentorship from industry experts make it an attractive platform for beginners or those looking to refine their strategy. Blue Guardian, while not explicitly mentioning educational support, appears to provide a user-friendly platform that could be intuitive even for newer traders. Trading conditions are also pivotal, and here Alphachain offers the flexibility of overnight holding during weekdays and a considerable leverage of 1:100. Blue Guardian matches the leverage offering and goes further by allowing overnight and weekend positions, as well as news trading, which can be critical for certain trading strategies.

Restrictions and Drawbacks

Alphachain's lot size restrictions, a minimum trading activity of 30 days, and prohibitions on news trading and weekend holding could be perceived as limitations by some traders. Conversely, Blue Guardian's only significant drawbacks seem to be the mandatory trading days for their Elite Guardian program and the absence of a free trial, which may deter some potential users from trying their platform.

Financial Transactions and Accessibility

Both prop firms offer credit/debit card options for deposits. Blue Guardian, however, accepts crypto deposits, providing additional flexibility. With regards to withdrawals, again, both provide bank wire transfers and crypto as methods, but Blue Guardian stands out by offering Deel as another withdrawal method. When comparing account sizes, both prop firms offer USD account currencies, with Alphachain delineating explicit tiers from $10,000 to $50,000, which may appeal to those who prefer clear-cut categories.

Bottom Line

The decision between Alphachain and Blue Guardian will ultimately depend on the traderโ€™s priorities. If a trader values educational support and a progressive scaling plan, Alphachain shines through. However, for those who appreciate a higher profit share, a more comprehensive trading experience, and fewer restrictions, Blue Guardian could be the preferred choice. Each offers unique benefits, and potential users should weigh them to align with their personal trading style and goals.