Blufx

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

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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. For these account types, traders can only open trades during the European session. You can though modify, close or carry positions overnight. The restriction is only about opening new trades. 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.

BluFX earns high marks in this section for the simplicity of their trading objectives. In March blufx, BluFX closed all trading accounts, 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. BluFX keeps traders in the game and gives them more of a chance to prove their abilities than most prop firms.

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.

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.

Season 1 truth be told

Mike Diamond Financial Skills bears no responsibility for any losses you may incur. Two, potential new traders opt for other firms. Thanks for this platform I really appreciate all the scaling and parameters, can I trade from the Gambia and how get my money? Eventually they did, but by this point traders had been stuck on the sidelines for more than a month. Do you maybe know anything about this company? Traders have rewarded them by signing up in droves. Securing a funded account at some prop firms is less about your trading ability and more a measure of your ability to understand the rules. Multi Regulated Brand Multi-regulated brand requires a focus on transparency, trustworthiness, and compliance. What trading platform does BluFX use? Privacy Policy Terms Of Service.

In this first table, we compare the year where each prop firm was founded, where their offices are located, and how much balance you can get to trade after scaling when applicable. I divided the list into two parts to show CFDs products and Futures products. Instant funding programs give you access to a funded account immediately without needing to pass any challenge.

We have traders from every continent. This is a good time to look at other great prop firms. Skip to main content. After paying the reset, you can continue trading at your initial account balance. Segregated Client Funds Segregated client funds is crucial for transparency and building trust with your clients. Is there a way for me to cancel and get my money back? What makes the BluFx situation different from other prop firm failures is that BluFX had a proven track record with more than 10 years in the business and thousands of satisfied traders. Save my name, email, and website in this browser for the next time I comment. Traders have rewarded them by signing up in droves. There are lots of red flags on their website. Two things happen once legal troubles or other issues come into play for a prop trading firm. More than 20, traders over the last 10 years could verify that BluFX was for real. We use cookies to make our services work and collect analytics information. DT4X is a prime example.