English

BLUEMOUNT Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.bluemount..., the company's legitimate regulatory information Hong KongSFCDealing in securities to enhance the security of the company's address Room 1007, 10/F, Capital Centre, 151 Gloucester Road, Wan Chai, Hong Kong

BLUEMOUNT Forex Broker

Basic Information

Registered Region

Hong Kong

Operating Period

Company Name

BLUEMOUNT FINANCIAL GROUP LIMITED

Abbreviation

BLUEMOUNT

Company employee

Customer Service Email Address

cs@bluemount.com

Contact Number

+85221372688

Company Website

http://www.bluemount.com

Company address

Room 1007, 10/F, Capital Centre, 151 Gloucester Road, Wan Chai, Hong Kong

Keywords

2-5 years

Regulated in Hong Kong

Dealing in securities

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

Company profile

BLUEMOUNT Review SummaryFounded1996Registered Country/RegionChina Hong KongRegulationSFC (Exceeded)Market InstrumentsSecurities, SharesTrading PlatformBLUEMOUNT APPCustomer SupportHotline: +852 2137 2688Fax: + 852 2137 2628Email: cs@bluemount.comBLUEMOUNT Information BLUEMOUNT is a securities company based in China, Hong Kong, providing securities trading services for both the Hong Kong and Global markets. BLUE also offers various services, including collection of account management services, cash dividends, bonus shares/warrants, new shares subscription, shares subscription, exercise of warrants, and stock consolidation/splitting, etc. It currently operates without regulation.Pros and ConsProsConsTransparent fee structureExceeded SFC LicenseOffers both Individual and Joint accountsDemo accounts unavailableLong operation timeLimited market instrumentsLimited payment optionsIs BLUEMOUNT Legit? No, BLUEMOUNT holds an exceededlicense from the Securities and Futures Commission (SFC) of Hong Kong, which means its current activities are being operated without regulatory oversight.Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberSecurities and Futures Commission of Hong Kong (SFC)ExceededBluemount Securities LimitedDealing in securitiesBHR496What Can I Trade on BLUEMOUNT? Traders on BLUEMOUNT get access to shares and securities (cash and margin).Trading AssetAvailablesecurities ✔shares✔forex❌commodities❌indices❌cryptocurrencies❌bonds❌options❌funds❌ETFs❌Account Type Traders are allowed to open both individual accounts and joint accounts on this platform. Additionally, this platform offers Discretionary Account Services, which refers to investment management services where a financial advisor or portfolio manager is given the authority to make investment decisions on behalf of a client without needing to seek prior approval for each transaction.Fees BLUEMOUNT provides traders with a clear fee structure, detailing its charges for each service. For instance, BLUEMOUNT charges a commission of 0.25%, and the minimum amount is HK$ $100. For more information about fees and charges on this platform, please go to https://www.bluemount.com/fees-charges?lang=en. Here are various fees related to the transaction, along with their calculation rules and payment timelines.ItemsService FeeReceipt/Payment TimeCommissionOrdinary trade: 0.25%; Min. HK$100On or before the settlement due dateStamp Duty0.13% of transaction amount; (Rounded up to nearest dollar)Trading Fee0.005% of transaction amount (Rounded to nearest cent)Transaction Levy0.0027% of transaction amount (Rounded to nearest cent)FRC Transaction Levy0.00015% (Rounded to nearest cent)Trading Platform BLUEMOUNT offers a trading app that is accessible on both Google Play and the App Store.Trading PlatformSupported Available Devices BLUEMOUNT APP✔MobileDeposit and Withdrawal Deposit Process:Bank Accounts for Deposit:You can deposit funds into Bluemounts accounts at Bank of China or Chong Hing Bank. Available account types include Hong Kong Dollar Accounts, but there are no RMB or USD accounts. SWIFT Codes and addresses are provided for each bank.Deposit Timing:Before 15:30 on trading days: Processed the same day. After 15:30: Processed the next trading day.Deposit Methods:Cheque/Draft/Bank Transfer: Make payable to Bluemount Securities Limited. If depositing by cheque, you must provide the bank-in slip, a photo or copy of the cheque, or transfer confirmation. Important Notes: Third-party deposits are not accepted. All deposits must come from your account. If Bluemount identifies a deposit from a third party, it will return the funds to the senders account (with any bank charges deducted). Withdrawal Process:How to Withdraw:You can call Customer Service (CS) at (852) 2137 2688 to request a withdrawal.Withdrawal Timing:Before 12:00 PM: Withdrawals processed in the afternoon and deposited by crossed cheque into your registered bank account on the same trading day. After 12:00 PM: Withdrawals are processed the next trading day.

BLUEMOUNT broker review

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bluemount Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide provides detailed instructions on how to register, open an account, and log in to the bluemount platform. Whether you are a new user or looking to troubleshoot common issues, this guide cove

Bluemount Forex Broker - Complete Information Guide

1. Broker Overview

　　Bluemount Financial Group Limited, commonly referred to as Bluemount broker, was established in 2021. The company is headquartered in Hong Kong, specifically at Room 1007, 10th Floor, Capital Centre, 151 Gloucester Road, Wanchai. As a private entity, Bluemount specializes in providing a range of financial services, primarily targeting retail clients in Hong Kong and surrounding regions.

　　Since its inception, Bluemount has focused on offering various financial products, including securities, stocks, funds, and private equity fund management. The company's business model encompasses retail forex trading and other financial services, catering to individual investors looking for investment opportunities in the financial markets.

　　Over the years, Bluemount has aimed to establish itself as a reliable player in the financial services sector, although it has faced scrutiny regarding its regulatory compliance. The company operates under the auspices of Blue Mount Securities Limited, which holds a license from the Securities and Futures Commission (SFC) of Hong Kong.

2. Regulatory and Compliance Information

　　Bluemount broker is regulated by the Securities and Futures Commission (SFC) of Hong Kong, under license number BHR 496. However, it is essential to note that the broker has been flagged for operating outside its licensed scope, raising concerns about its regulatory status. The SFC primarily oversees the dealing in securities, and Bluemount's activities have been described as exceeding these limits.

　　The company has implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the security of client funds and to prevent illicit activities. However, the effectiveness of these measures has been questioned due to the lack of comprehensive regulatory oversight.

　　Bluemount does not participate in any investor compensation schemes, which could pose a risk to clients in the event of financial difficulties. While the company claims to segregate client funds, the absence of robust regulatory frameworks raises concerns about the overall safety of investments with this broker.

3. Trading Products and Services

　　Bluemount broker offers a variety of trading products, including foreign exchange (forex) currency pairs, contracts for difference (CFDs) on indices, commodities, and stocks. The range of forex pairs includes major, minor, and exotic currencies, catering to a diverse clientele. However, specific details about the exact number of currency pairs available were not disclosed in the available sources.

　　In addition to forex trading, Bluemount provides access to CFDs on various asset classes, allowing clients to trade on price movements without owning the underlying assets. The broker is also involved in offering investment consulting services, which may include portfolio management and strategic investment advice.

　　While the broker aims to keep its product offerings updated, the frequency of new product introductions and updates remains unclear. The focus appears to be on retail trading services, but institutional client offerings are not explicitly detailed in the available information.

4. Trading Platforms and Technology

　　Bluemount broker primarily utilizes a mobile trading platform, with no support for popular platforms such as MetaTrader 4 or MetaTrader 5. This limitation may affect traders who prefer using established trading software known for its advanced features and functionalities.

　　The broker's trading technology is based in Hong Kong, and it focuses on providing a user-friendly mobile experience for clients. However, the lack of a desktop or web-based trading solution may limit accessibility for some users.

　　The execution model employed by Bluemount is not clearly defined in the available sources, but it is important for potential clients to inquire about the specifics of order execution, including whether the broker operates on an ECN, STP, or market-making basis.

5. Account Types and Trading Conditions

　　Bluemount broker offers various account types to cater to different trading needs. The standard account typically requires a minimum deposit, but specific figures were not detailed in the available information. The broker may also provide advanced account options, such as VIP or professional accounts, although details on these were not specified.

　　For traders interested in Islamic finance, it is unclear whether Bluemount offers Islamic accounts that comply with Sharia law. The availability of demo accounts for practice trading is also not explicitly mentioned.

　　Leverage ratios offered by Bluemount vary based on the asset class, but specific ranges were not provided. The minimum trade size and overnight financing fees are also important aspects that potential clients should clarify directly with the broker.

6. Fund Management

　　Bluemount broker supports various deposit methods, including bank transfers, which are typical for brokers operating in Hong Kong. Credit card and electronic wallet options were not mentioned, suggesting limited flexibility in funding accounts.

　　The minimum deposit requirements may vary depending on the account type, but specific figures were not disclosed. Deposit processing times appear to be standard, although exact durations were not provided in the available sources.

　　Withdrawal methods are primarily bank transfers, and potential clients should be aware of any associated fees and processing times. The absence of detailed information regarding withdrawal limits and fees may necessitate direct inquiries with the broker for clarity.

7. Customer Support and Educational Resources

　　Bluemount broker offers customer support through various channels, including telephone, email, and online messaging. The support team is accessible at +852 2137 2688 and via email at cs@bluemount.com. However, the service hours and time zone coverage were not specified.

　　The broker provides support in English, catering primarily to the local Hong Kong market. Educational resources such as webinars, tutorials, and e-books were not mentioned, indicating a potential gap in investor education offerings.

　　Market analysis services, including daily insights, news updates, and research reports, were not detailed in the available sources, which may limit traders' access to valuable information for making informed decisions.

8. Regional Coverage and Restrictions

　　Bluemount broker primarily serves clients in Hong Kong, with its operations focusing on the local market. The distribution of regional offices was not specified, which may indicate a centralized operation.

　　While the broker is open to clients in Hong Kong, it is crucial to identify any countries or regions from which clients are not accepted. Specific restrictions were not detailed in the available information, necessitating further inquiry for potential clients from outside of Hong Kong.

　　In summary, while Bluemount broker offers various financial services, potential clients should exercise caution due to the broker's regulatory status and limited information regarding its offerings. It is advisable to conduct thorough research and seek clarification on any outstanding questions before engaging with the broker.

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