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Comparison · Forex

Track record: Blue Guardian and Think Capital

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Who is behind each firm

Blue Guardian is led by CEO Sean Bainton and is headquartered in Dubai, United Arab Emirates. Its operations are centered in the Algaroud Center, positioning it within one of the world's most active emerging financial hubs. On the other hand, Think Capital is directed by Faizan Anees and is based in London, United Kingdom. While Blue Guardian operates as a firm focusing on its own liquidity provision, Think Capital distinguishes itself by its direct association with ThinkMarkets, a regulated broker that provides the primary execution infrastructure for its traders.

How long they have been around

There is a notable difference in seniority between these two entities. Blue Guardian was established in 2021, which, in the fast-paced prop trading industry, grants it a degree of veteran status. During these years, it has accumulated around 1,900 reviews on Trustpilot, although its profile there is currently marked as blocked. Think Capital is a much more recent arrival, having been founded in 2024. Despite its short time in the market, it has quickly gathered over 590 reviews, benefiting from the pre-existing reputation of its brokerage partner to establish its presence in the industry.

What they promise and what backs it

Blue Guardian promises a highly diverse ecosystem with multiple account types (1, 2, and 3 steps, plus Instant). Its pricing is competitive; for example, a $25,000 1-Step account costs $134. This variety is backed by years of operational history and unique features like the "Guardian Shield," a built-in automated protection that closes trades to prevent catastrophic losses. Its risk rules are complex, utilizing both trailing and static drawdowns depending on the chosen plan, which suggests a sophisticated but demanding risk management model for the trader.

Think Capital offers a promise backed by institutional-grade technology. Their "Lightning" 1-Step challenge for $25,000 is priced higher at $199, reflecting a different market positioning. Their backing is primarily technological: by using ThinkMarkets, they provide access to platforms like TradingView and ThinkTrader with dynamic leverage. Their risk rules are somewhat more standardized, with trailing drawdowns on their more aggressive plans and static drawdowns on their "Nexus" and "Dual Step" products. The presence of a regulated broker behind the scenes serves as the primary pillar for their performance promises.

How they handle your money

Regarding payouts, Blue Guardian has established a highly structured system. They offer a "Payout Guarantee" where retiros are processed within 24 business hours; if they fail to meet this window, the trader receives 100% of the profit split. Their profit splits generally sit at 85%, reaching up to 100% on specific "Nano" plans. They support payments via cards and crypto, utilizing Rise for bank transfers with a $500 minimum.

Think Capital handles money through a more traditional bi-weekly schedule, although traders can pay an add-on fee to access weekly payouts. Their standard profit split is 80%, which can be upgraded to 90% via a paid add-on. A significant advantage for Think Capital is the full refund of the challenge fee with the first payout, a standard practice they maintain across their programs. Like their competitor, they support cards and crypto for payments, but they also use Rise for payouts with a $50 monthly fee for the service.

Operational maturity

Blue Guardian shows its maturity through the complexity of its offerings and its ability to manage a high volume of traders since 2021. Their infrastructure includes multiple platforms like MetaTrader 5, TradeLocker, and MatchTrader, providing a fallback if one platform faces technical or regulatory issues. Think Capital, despite being newer, shows maturity through its brokerage integration. Offering ThinkTrader and TradingView integration from the start suggests a robust technical foundation that many firms take years to develop. Both firms accept multiple payment methods, indicating they have established reliable third-party financial relationships.

What the record does and does not tell you

The track record of these firms provides a snapshot of their current standing but cannot predict future solvency or service quality. Blue Guardian’s three years of operation suggest a tested business model, yet the blocked status of its Trustpilot profile is a data point that remains unexplained in the structured information. Think Capital’s youth is balanced by its high-tier brokerage partnership, but it has yet to prove its long-term resilience through different market cycles. Investors should view these records as evidence of past performance and current structure, rather than a guarantee of future stability.

Frequently asked questions

Which firm is more affordable for a $50,000 evaluation, Blue Guardian or Think Capital?

Blue Guardian is generally more affordable for this account size. Its 2-Step Standard $50,000 account is priced at $232, whereas Think Capital’s equivalent Dual Step Intraday account costs $299. Even in the 1-step category, Blue Guardian's $50,000 account costs $200, while Think Capital's Lightning challenge for the same balance is priced at $299.

Who offers better profit split conditions, Blue Guardian or Think Capital?

Blue Guardian offers a higher baseline profit split of 85% on its standard programs and up to 100% on its Nano accounts without requiring extra fees. In contrast, Think Capital starts with a standard 80% profit split. To reach a 90% split at Think Capital, the trader must purchase a specific add-on that increases the initial cost of the challenge by 25%.

Between Blue Guardian and Think Capital, which one allows more trading platforms?

Both firms offer three main platform options, but the choices differ in nature. Blue Guardian provides MetaTrader 5, TradeLocker, and MatchTrader. Think Capital offers MetaTrader 5, ThinkTrader, and the highly popular TradingView. While the number of options is the same, Think Capital’s inclusion of TradingView might be more appealing to modern technical analysts.

Which firm has a faster payout processing time, Blue Guardian or Think Capital?

Blue Guardian has a faster and more guaranteed processing time. They commit to processing payouts within 24 business hours and offer a penalty where they forfeit their share of the profits if they are late. Think Capital operates on a standard bi-weekly (14-day) schedule, and although it can be reduced to 7 days with a paid add-on, it does not offer a speed guarantee similar to Blue Guardian's.

Field by field

Blue Guardian and Think Capital, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

51 differences

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Headquarters

Algaroud Center, 2nd Floor, Office 101-05, Dubai, UAE

85 Great Portland Street, London, England W1W 7LT, GB

CEO

Sean Bainton

Faizan Anees

Country

United Arab Emirates

United Kingdom

Foundation

2021

2024

Banned Countries
Afghanistan, Cuba, Mongolia, Senegal, Albania, Democratic Republic of Congo, Montenegro, South Africa, Algeria, Ecuador, Nicaragua, Hong Kong, Angola, Ethiopia, Namibia, Haiti, Bahamas, Ghana, Nigeria, Tanzania, Barbados, Iceland, North Korea, Trinidad and Tobago, Belarus, Indonesia, Pakistan, Tunisia, Bosnia & Herzegovina, Iran, Philippines, Turkey, Botswana, Iraq, Panama, Uganda, Bulgaria, Jamaica, Papua New Guinea, Ukraine, Burma (Myanmar), Kosovo, Qatar, Vietnam, Burundi, Kenya, Russia, Venezuela, Burkina Faso, Laos, Romania, Yemen, Cambodia, Lebanon, Serbia, Zimbabwe, Central African Republic, Liberia, Slovenia, Cameroon, Libya, Somalia, China, Macedonia, South Sudan, Côte d'Ivoire, Mali, Sudan, Crimea, Mozambique, Sri Lanka, Croatia, Mauritius, Syria
Afghanistan, Albania, Australia, British Columbia, Burma (Myanmar), Burundi, Central African Republic, Cuba, Cyprus, Guinea, Haiti, Iran, Iraq, Kosovo, Lebanon, Libya, Mali, Midway Islands, North Korea, Republic of the Congo, Samoa, Somalia, Sudan, Syria, Vatican City State, West Bank, Western Sahara, Yemen, Zambia, Ukraine, Russia, Vietnam, Venezuela
Assets
Forex, Indices, Commodities, Crypto
Forex, Indices, Commodities, Crypto
Brokers

Liquidity Provider

ThinkMarkets
Refund
No
Yes

Full refund of the challenge fee with the first payout

Platforms
Metatrader 5, TradeLocker, MatchTrader
Metatrader 5, ThinkTrader, Tradingview
Demo Account
MatchTrader
ID-PasswordWuG"FFzv4+2z
TradeLocker
ID-Passwordj%Purqe58eDzServerBLUEG
Metatrader 5
ID14300283PasswordN!SbG1KoServerThinkMarkets-Demo
ThinkTrader
IDSpreadtest@test.comPassword4+5O)z#.)14E
Payout Methods
Transfer, Crypto, Rise
Crypto, Rise, Transfer
Payment Methods
Card, Crypto, ApplePay, GooglePay
Card, Crypto
Payout Frequency
  • 1 Step Nano: up to weekly
  • 2 Step Nano: bi-weekly
  • Other products: 14 days
  • By default: Biweekly
  • With add-on (+25%): Weekly
  • Bolt and Bolt Flex: Biweekly by default; On-Demand Payouts with add-on (+25%)
Payout Guarantee

Payouts processed within 24 business hours (Mon 9 AM – Fri 5 PM Dubai time). If they miss this window you automatically receive a 100% profit split on that payout (no Blue Guardian cut). Delays caused by compliance checks, risk reviews or pending KYC do not qualify.

No data
Maximum Withdrawal

2 Step Nano: 2% of the initial balance per payout ($500 on $25K, $1,000 on $50K, $2,000 on $100K and $4,000 on $200K).

No data
Minimum Withdrawal

$100 in crypto, $500 via Rise (bank transfer). On 1 Step Standard and Instant accounts, once you reach 6% profit and the trailing drawdown locks at breakeven, a 1% buffer must remain in the account.

$100

Payout Fee
No data

Rise: $50 each month any payout is requested

Margin Call Level
No data

100%

Crypto Weekend Trading
No data
Yes
Forex
50:1
  • Lightning (Metatrader 5): 30:1
  • Nexus (Metatrader 5): 100:1
  • All accounts (ThinkTrader), Dual Step (Metatrader 5): Dynamic
Metals
  • Evaluation: 20:1
  • Funded: 10:1
  • Lightning (Metatrader 5): 10:1
  • Nexus (Metatrader 5): 15:1
  • All accounts (ThinkTrader), Dual Step (Metatrader 5): Dynamic
Energies
  • Evaluation: 20:1
  • Funded: 10:1
  • Lightning (Metatrader 5): 10:1
  • Nexus (Metatrader 5): 15:1
  • All accounts (ThinkTrader), Dual Step (Metatrader 5): Dynamic
Indices
  • Evaluation: 20:1
  • Funded: 10:1
  • Lightning (Metatrader 5): 5:1
  • Nexus (Metatrader 5): 15:1
  • All accounts (ThinkTrader), Dual Step (Metatrader 5): Dynamic
Crypto
4:1
  • Lightning (Metatrader 5): 1:1
  • Nexus (Metatrader 5): 1:1
  • All accounts (ThinkTrader), Dual Step (Metatrader 5): Dynamic
Forex
5 / lot
0
Metals
5 / lot
0
Energies
5 / lot
0
Indices
0
0
Crypto
0
0
Swap Free
No
No
Account Reset
No
No data
Add-ons
Yes
Yes
  • Profit Split 90% (+25%)
  • Weekly payout (+25%; not available on Bolt or Bolt Flex)
  • Allows News Trading (+25%)
  • Bolt and Bolt Flex: On-Demand Payouts (+25%)
  • Bolt and Bolt Flex: Weekend Holding (+15%), permits weekend holding and trading
Instant
Yes
Yes
One Step
Yes
Yes
Account scaling
Yes
Yes
  • Lightning, Nexus and Dual Step: Traders become eligible after reaching a minimum profit of 10% within three months, equivalent to an average monthly gain of around 3.33%. Each approved phase increases the original demo account balance by 20%, up to $1 million on MetaTrader 5 or $1.5 million on ThinkTrader. Assessments take place every three months and require three payouts during each cycle.
  • Bolt and Bolt Flex: Reach 10% total profit across four payouts within two months. Each approved scaling phase increases the account balance by 25%, up to $500,000 combined.
Two Steps
Yes
Yes
Max Drawdown
  • Instant, Guardian X, 1 Step Standard, 1 Step Nano, 2 Step Pro, Crypto: Trailing
  • 1 Step Pro, 2 Step Standard, 2 Step Classic, 2 Step Nano, 3 Step: Static
  • Lightning: 6% trailing, locks at initial balance once it grows by 6%
  • Bolt: 6% trailing equity, locks at initial balance once it grows by 6%
  • Bolt Flex: 7% trailing balance, locks at initial balance once balance grows by 7%
  • Dual Step Intraday: 7% static
  • Dual Step Swing: 7% static
  • Nexus: 8% static
Profit Split
  • Existing 1, 2 and 3 Step programs: 85%
  • 1 Step Nano and 2 Step Nano: up to 100%
  • Instant: 80%
  • Instant Starter: 90%
  • With add-on: 90%
  • Standard: 80%
  • With add-on (+25%): 90%
Free Trial
No
Yes
Daily Drawdown

Based on highest value between balance and equity

  • 3% balance-based: Lightning, Nexus, Dual Step Swing, Bolt Flex
  • 3% equity-based: Bolt, Dual Step Intraday
  • All accounts: Soft breach, account disabled for the day, resumes next day at 00:00 MT5 Server Time
Three Steps
Yes
Yes
Max Allocation
400,000
  • MetaTrader 5: $300,000
  • ThinkTrader: $600,000
  • Bolt and Bolt Flex with scaling: $500,000 combined
Merge Accounts
Yes

Same-type funded accounts can be merged up to $400,000 ($200,000 cap on Instant). Cross-merging different types (e.g. 2 Step Standard with 2 Step Pro) is NOT allowed. Both accounts must be at break-even (no profit, no loss) at merge time. Beyond the merge cap, the Scaling Plan can take total allocation up to $2,000,000. Guardian X and Instant accounts are NOT eligible for scaling.

No
Maximum Trading Days

No limit

Unlimited

Minimum Trading Days

1 Step Nano: no minimum during the evaluation; 5 days when funded.

No data
Monthly Competition
Yes
No
Minimum Profitable Days
  • Instant, 2 Step Standard, Guardian X: 5 days with 0.5% profit or more
  • 1 Step, 2 Step Classic, 3 Step, Crypto: 3 days with 0.5% profit or more
  • 2 Step Classic: 4 days with 0.5% profit or more
  • Lightning, Nexus, Dual Step: 3 days minimum (0.5% profit each)
  • Bolt and Bolt Flex: No minimum profitable trading days
Payout Frequency
No data
  • Standard: Bi-weekly (14 days)
  • With add-on (+25%): Weekly (7 days)
  • Bolt and Bolt Flex: Bi-weekly (14 days); On-Demand Payouts add-on (+25%) available
Consistency Rule
No data
Limited
  • All programs except Bolt and Bolt Flex: No consistency rule
  • Bolt: 20% best day cap
  • Bolt Flex: 25% best day cap
Expert Advisor (EA)
Yes
Yes
VPN
Yes
No
Hedging
Limited

Hedging is allowed within a single account. Hedging across multiple accounts (yours or others') is NOT allowed.

Yes
Requires Stop Loss
No
No
Scalping
Limited

Minimum holding time of 2 minutes. Trades closed in under 2 minutes are flagged as tick scalping and count as a rule violation, whether closed manually or by automated systems. Average trade duration should stay above 1–2 minutes. Scalping itself is allowed as long as you stay above the 2-minute floor.

Yes
Stacking / Layering (DCA)
Yes
No

Maximum of 2 positions simultaneously

Martingale
Yes
No data
Maximum Risk Limit
No
No
Copy Trading
Limited

Manual copy trading is allowed ONLY between accounts legally owned by the same person (e.g. between your own Evaluation and Funded accounts, or between your Blue Guardian account and external accounts in your name). NOT allowed:

  • Copying trades from other traders' accounts.
  • Third-party copiers that involve accounts not legally yours.
  • Having a third party manage your trades.

Instant Funding users may also use third-party copiers, provided all accounts belong to the same user.

Limited

Traders may use copy trading across multiple Think Capital accounts. That said, copying trades from personal accounts or from accounts with other proprietary firms is not allowed.

If you wish to copy trades between different prop firm accounts, your Think Capital account must be set as the primary (master) account.

News Trading
Limited

News trading is allowed on Challenge, Guardian X and Instant Starter.

It is NOT allowed on Instant Standard and Funded accounts. On those, do not open or close trades within 5 minutes before or 5 minutes after a red folder (high-impact) release. Profits made during that window or significantly influenced by the news will be removed, even without an account violation. Same 5-minute window applies around FOMC speeches, statements and news events on Funded accounts.

Note: Instant Standard accounts purchased after November 13, 2025 cannot do news trading at all.

Yes
  • Dual Step (Swing): Allowed by default
  • Lightning, Nexus and Dual Step (Intraday): Only allowed with add-on
  • Bolt and Bolt Flex: Not allowed

Rule for products where news trading requires the add-on:

  • No trades, including limit and stop orders, may be executed 2 minutes before and 2 minutes after a high-impact news event (total of 4 minutes).
  • Any activity during this 4-minute window will result in immediate termination of the funded agreement, account cancellation, and forfeiture of any profits.
Inactivity Rule

30 days

30 days

Consistency Rule
Yes

Consistency rule applies to: 1 Step Nano evaluation and funded (50%), 2 Step Nano funded (50%), 2 Step Pro funded (25%), Guardian X and Instant Standard funded (20%), Instant Starter funded (15%), $300K and $400K Instant funded (15%).

Does NOT apply to: 2 Step Nano evaluation, 1 Step Standard, 1 Step Pro, 2 Step Standard, 2 Step Classic, 3 Step funded accounts, nor to any other challenge phase.

Calculation: a single trading day cannot equal or exceed the threshold of total profits in the payout cycle. If exceeded, the payout button is blocked until the highest day drops below the threshold. Violating it does NOT terminate the account.

No
Hold Weekend
Yes
Limited

Lightning, Nexus and Dual Step: allowed. Bolt and Bolt Flex: require the Weekend Holding add-on (+15%).

Prohibited Strategies
  • Platform or data freezing exploits (using a Demo Server error).
  • Use of delayed data feed or trading on delayed charts.
  • Tick scalping (trades closed under 2 minutes), high-frequency trading, arbitrage bots.
  • Reverse arbitrage, latency arbitrage, hedge arbitrage and any emulators.
  • Hedging between accounts (within one account is fine).
  • Password changes (the password sent by email is the only one accepted).
  • Gambling: any trading where margin usage exceeds 80% on running trades.
  • Shared devices, VPS or accounts: each trader must use only their personal device. Shared usage across accounts results in payout disqualification, suspension or termination.
  • Bypassing copy-trading or signal-trading rules using VPN/VPS.
  • Account inactivity: at least 1 trade every 30 days (otherwise breach).
  • Copy Trading
  • Grid (Reverse) Trading
  • Hedging or Group Hedging Across Multiple Accounts
  • Collusion Between Users
  • Account Sharing, Account Management, or Account Sale
  • Latency Arbitrage
  • High-Frequency Trading (HFT)
  • Abuse of a Delayed Data Feed
  • Abuse of the Simulated Environment
  • Trading on Delayed Charts
  • Utilization of Expert Advisors
  • Challenge Passing Services
  • Martingale Trading
  • Use of Guarantee of Compliance with Limit Orders
  • Trading in Sanctioned Countries
  • Trading Activity: Soft Breaches/Warnings
  • Use of Platform or Data Freezing Due to Technical Errors
  • News Trading
  • Order Layering
  • Gambling/Punting
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