Reported as a scam / unregulated
Why Blue Dragon is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.