BrokersView has found that Blue Dragon appears to be a scam Blue Dragon claims to operate under Blue Dragon LLC, which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we can confirm that a matching company exists in the SVG FSA registry, its registration status is listed as 'cancelled'. This indicates that the company has ceased operation. Furthermore, SVG FSA registration itself only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or license forex brokers. Blue Dragon LLC is not licensed by any recognised financial authority. Despite its registration being revoked, it is still operating as a forex broker. Therefore, we consider Blue Dragon as a fraudulent broker.

What payment method does Blue Dragon support? Dear Investor, We do not recommend using Blue Dragon as it does not hold a valid financial licence. It claims to operate under Blue Dragon LLC, which is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. While we can confirm that a matching company exists in the SVG FSA registry, its registration status is listed as 'cancelled'. This indicates that the company may not be allowed to operate within this jurisdiction. Furthermore, SVG FSA registration itself only grants International Business Company (IBC) status. This does not constitute a valid financial licence. The SVG FSA has clearly stated that it does not regulate or license forex brokers. In essence, Blue Dragon LLC is not licensed by any recognised financial authority. Despite its registration being revoked, it is still operating as a forex broker. This is a major red flag indicating fraudulent activity. We therefore strongly advise you to avoid trading with Blue Dragon in order to protect your funds. View Source