Blufx

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As of early , BluFX has yet to return in any form, and I think it is safe to say that it will not do so. Over the course of about five months, BluFX went from an industry leader with more than 20, accounts in countries to its undignified end. Once the FCA published their warning, BluFX lost their liquidity provider, which meant they could no longer execute their trades. In mid-December, BluFX suspended accounts and asked for patience while they found a new provider. Eventually they did, but by this point traders had been stuck on the sidelines for more than a month. When they finally did get up and running again, BluFX was faced with a number of withdrawal requests, very few if any new traders, and a tarnished reputation. There was also still no resolution with the FCA, which took the additional step of shutting down the blufx.

Blufx

BluFX has gone out of business since I wrote this blog post. BluFX is a prop firm located in London. It was founded in so it already has some experience with funding traders. There are four different types of accounts that you can apply to. Each one has two versions, the Package , and the Swap Free. They are:. To get access to a funded account you just need to subscribe to the account that you want. You get instant funding. According to Trustpilot , BluFX is classified as great. The reviews are not much though, only about 1, BluFX gives you access to a popular trading platform used by Forex brokers, cTrader, which is a great platform.

No one wanted their money tied up at blufx prop firm that had suspended trading, and traders tried to cash out in droves. You've accepted analytics cookies, blufx.

They are technically not out of business, as they hope to restructure and return, but they have ceased all trading operations for the immediate future. As much as I love BluFx, they have had some recent issues that give me pause. In December they lost their liquidity provider and traders were unable to execute trades for nearly three weeks. This is a good time to look at other great prop firms. Most traders who sign up with BluFX do so because they love how quickly they get funded, but BluFX is also ideal for traders looking for a long term partnership. BluFX is also ideal for those who value simplicity.

Ranked out of Trading List Check out our top brokers List. Affiliate Disclosure. There is no evaluation or verification phase, and BluFX ran into operational difficulties reminiscent of a pyramid scheme. Is BluFX a trustworthy Forex prop firm or a scam? Evaluation Fees. Asset selection. Ease of Evaluation Approval.

Blufx

BluFX is a foreign exchange broker that works in a slightly different way to traditional brokers by introducing a subscription-based model. In doing this, BluFX aims to make trading more accessible and flexible, to offer fairer barriers to entry, provide easier processes, more freedom, better risk management, and transparency. We will be going through the […]. We will be going through the services they offer to see what they really do offer and to see if this new style of broker could be the way forward.

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Skip to main content. Now with everyone trading again, most reviewers have nothing but good things to say. All financial markets are inherently risky. Speak Your Mind Cancel reply Your email address will not be published. Make sure that you do understand the rules. Next statement date 5 June due by 19 June In the 10 years since Yu Song started BluFX they have funded more than 20, traders in different countries. BluFX is also ideal for those who value simplicity. Like all BluFX trading rules, the scaling system is very simple. The company aspires to provide top-tier trading services, excellent customer support.

As of early , BluFX has yet to return in any form, and I think it is safe to say that it will not do so. Over the course of about five months, BluFX went from an industry leader with more than 20, accounts in countries to its undignified end. Once the FCA published their warning, BluFX lost their liquidity provider, which meant they could no longer execute their trades.

Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. This account is also a real account, but you are on a probation account for 60 calendar days. Sadly MFF got hit also. They give worthy traders who lack capital the chance to turn trading into a really lucrative career. BlueFX is more oriented to scalpers and day traders, so you may want to search for a different prop firm if you have a different trading style. For instance, most firms charge a one-time fee. Our mission in forex trading is to achieve consistent profitability by making informed and disciplined trading decisions. What types of accounts does BluFX offer? It is registred in Schweiz. This site and its educational mission are funded by affiliate commissions. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. What can I trade with a BluFX funded account? About Pedro. I started LivingFromTrading as a way to give people a simple and effective way to learn about trading financial markets. All financial markets are inherently risky.