Broker Review

Unauthorised Firm Details

Name: BDFX / Blue Dragon
Website: bd-fx.com

BDFX claims to be an international forex/CFD broker (trading brand “Blue Dragon”) offering MT5, multiple trading instruments, and support in various languages including Japanese. On its site, it states it is registered in Saint Vincent & the Grenadines (SVG) as an International Business Corporation (IBC) and offers 24/5 support, withdrawal/complaint systems, etc.

However, several issues suggest investors should proceed with caution:

• The reported registration in SVG is weak protection; being an IBC in an offshore jurisdiction does not equate to strong regulatory oversight.

• Independent broker-review sites such as TraderKnows label BDFX as “suspected scam” or “unregulated and with weak regulation.” Communication seems limited (email only) in many reports.

• While ScamAdviser gives the site a relatively good technical trust score (valid SSL, domain age, etc.), it also flags that several risk factors remain: hidden ownership in WHOIS, unclear deposit/withdrawal policies, and limited external feedback.

• User reports and brokers’ forums contain complaints about withdrawal delays and obscure fees or conditions which reduce the promised transparency.

Bottom line: BDFX / Blue Dragon displays some superficial signs of legitimacy (domain age, SSL, working site etc.), but deeper issues—offshore registration only, questionable reputation, user reports of withdrawal problems—make it a high-risk broker. Use extreme caution, test with small funds, and keep evidence of all transactions.