Blue Fountain Ideas (bluefountainideas.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: CHATSWOOD 2067 New South Wales Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: bluefountainideas.com.
The spread at Blue Fountain Ideas (bluefountainideas.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a financial advisor and initially thought the platform was good - until I started trading seriously.
Pros: Market news feed|Good mobile app|Regular platform improvements|Regular updates
Cons: No integrated tax optimization|Email notifications too frequent
The only good thing about Blue Fountain Ideas (bluefountainideas.com) is that they remind you why regulation matters. I found them through a financial advisor. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Social trading features|Real-time alerts|Wide product range|Tax reports included
Cons: No live chat on mobile|Wish they had more educational resources
Blue Fountain Ideas (bluefountainideas.com) locked my account without warning and demanded documents I had already submitted. for nearly two years later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Good analytical tools|Educational resources|Professional team
Cons: Would like more payment methods
I lost a significant amount because Blue Fountain Ideas (bluefountainideas.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Reliable uptime|Smooth onboarding
Cons: Nothing significant
After for about five months with Blue Fountain Ideas (bluefountainideas.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Transparent fees|Stable platform
Cons: Minimum deposit could be lower|Withdrawal takes 1-2 business days