Bluesky Finance has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I trusted Bluesky Finance with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Responsive team|Instant funding
Cons: Currency conversion fee exists
I opened an account with Bluesky Finance since early this year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Copy trading available|Customizable dashboard
Cons: Onboarding videos are outdated
The mobile app from Bluesky Finance is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Excellent charting|Economic calendar
Cons: Would like more payment methods
I requested my data from Bluesky Finance under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Economic calendar|Full transparency|API access
Cons: Minimum deposit could be lower|No dark mode on mobile
I was about to invest with Bluesky Finance but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Services and Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
What really bothers me about Bluesky Finance is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them when my bank disappointed me and I searched for alternatives and I fell for the polished exterior. Never again.
Pros: Quick verification|Stable platform|Risk management tools|Market news feed
Cons: Limited social trading features|Would like more payment methods
The spread at Bluesky Finance is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Two-factor authentication|Full transparency|No hidden fees|Portfolio tracking tools
Cons: Limited ETF selection
I experienced a security concern with my Bluesky Finance account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Low minimum deposit|Dividend tracking|Fast deposits|Regular platform improvements
Cons: Email notifications too frequent
I wanted to transfer my portfolio from another broker to Bluesky Finance. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Helpful community forum|Copy trading available|Good analytical tools
Cons: No phone support on weekends
The onboarding at Bluesky Finance was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Professional team|Low minimum deposit|Dividend tracking
Cons: Account statements could be more detailed|No fractional shares