BUX Markets Forex Broker

Bux Markets Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Bux Markets, officially known as Bux Financial Services Limited, was established in 2014. The company is headquartered in London, United Kingdom, and operates under the jurisdiction of the Financial Conduct Authority (FCA). As a private entity, Bux Markets aims to make trading accessible to a broad audience, particularly targeting retail clients across Europe.

　　Since its inception, Bux Markets has experienced significant growth, rapidly expanding its user base to over two million clients globally. A notable milestone in the company's history was its acquisition of Ayondo Markets in 2019, which allowed it to enhance its service offerings and technology. The company primarily serves retail clients, providing them with a user-friendly trading platform that facilitates access to various financial instruments.

　　Bux Markets operates on a business model that focuses on retail forex trading, CFDs (Contracts for Difference), and spread betting. This model is designed to cater to both novice and experienced traders, allowing them to engage in various trading strategies and investment opportunities.

2. Regulatory and Compliance Information

　　Bux Markets is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with the registration number 184333. This regulatory oversight ensures that the broker adheres to strict guidelines designed to protect investors and maintain market integrity. The FCA's regulations cover various aspects, including client fund segregation and regular audits to ensure compliance with financial standards.

　　In addition to its UK operations, Bux Markets also holds regulatory licenses in other jurisdictions, providing a broader scope of services to its clients. The company implements a robust customer fund protection policy, ensuring that client funds are kept in segregated accounts separate from the company's operational funds. This segregation is crucial for safeguarding client assets in the event of financial difficulties.

　　Bux Markets participates in the Financial Services Compensation Scheme (FSCS), which protects client deposits up to £85,000. Furthermore, the broker adheres to stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring that all clients are verified and that their transactions are monitored to prevent illicit activities.

3. Trading Products and Services

　　Bux Markets offers a diverse range of trading products, primarily focusing on forex, CFDs, and spread betting. The broker provides access to over 1,000 different instruments, including:

• Forex Pairs: Bux Markets offers a selection of major, minor, and exotic currency pairs, making it a suitable choice for forex traders.
• CFDs: Clients can trade CFDs on various asset classes, including indices, commodities, stocks, and cryptocurrencies.
• Special Products: The broker provides unique trading opportunities, such as fractional shares, enabling traders to invest in high-value stocks with smaller amounts.

　　The broker regularly updates its product offerings, adding new instruments to meet the evolving needs of its clients. Bux Markets is committed to providing a seamless trading experience, catering to both retail and institutional clients.

4. Trading Platform and Technology

　　Bux Markets operates on its proprietary trading platform known as TradeHub. This platform is designed to be user-friendly and accessible on both web and mobile devices, catering to traders who prefer to manage their investments on the go. The platform features advanced charting tools, technical analysis indicators, and customizable layouts to enhance the trading experience.

　　While Bux Markets does not support MetaTrader 4 or 5, its TradeHub platform offers a comprehensive suite of trading tools. The platform allows for direct trading from charts, providing traders with real-time market data and execution capabilities. Additionally, the mobile application supports trading on iOS and Android devices, ensuring that clients can access their accounts anytime, anywhere.

　　The execution model used by Bux Markets is primarily Market Making, which means that the broker acts as the counterparty to client trades. This model allows for competitive spreads and fast execution times, essential for active traders.

5. Account Types and Trading Conditions

　　Bux Markets offers a single standard account type for retail traders, which provides access to all the broker's trading products. Key features of the account include:

• Minimum Deposit: The minimum deposit requirement is £100 for credit/debit card transactions, while bank transfers have no minimum deposit.
• Spreads and Commissions: The broker offers competitive spreads, starting from 0.7 pips on major currency pairs. There are no commissions on trades, except for a 1.75% fee on card deposits from outside the UK/EEA.
• Leverage: Bux Markets provides leverage up to 1:30 on major forex pairs, allowing traders to amplify their positions.
• Minimum Trade Size: The minimum trade size may vary depending on the asset class, enabling traders to manage their risk effectively.
• Overnight Fees: Positions held overnight are subject to financing charges, typically at a rate of 2.5% plus the interbank rate.

　　The broker also offers a demo account for new clients, allowing them to practice trading strategies without risking real money.

6. Fund Management

　　Bux Markets supports various deposit methods, including bank transfers and credit/debit cards. The minimum deposit requirement varies based on the payment method:

• Bank Transfer: No minimum deposit required.
• Credit/Debit Card: Minimum deposit of £100.

　　Deposits are processed quickly, with most transactions completed within one business day. Bux Markets does not charge deposit fees, except for a 1.75% transaction fee on cards issued outside the UK/EEA.

　　Withdrawal methods mirror the deposit options, with funds typically processed within 5 business days. Bux Markets does not charge withdrawal fees, but clients should check with their banks for any potential charges.

7. Customer Support and Educational Resources

　　Bux Markets offers multiple channels for customer support, including telephone, email, and social media. The support team is available during business hours, providing assistance in various languages. While there is no live chat feature, clients can expect prompt responses to their inquiries.

　　The broker also provides educational resources, including webinars, trading guides, and market analysis. These materials aim to help traders enhance their skills and make informed trading decisions. However, the educational offerings may not be as extensive as those available from some competitors.

8. Regional Coverage and Restrictions

　　Bux Markets primarily serves clients in the United Kingdom and Europe, with operations extending to various countries. However, the broker does not accept clients from certain regions, including the United States and other jurisdictions where it may not comply with local regulations.

　　The company has offices in London and Amsterdam, allowing it to maintain a strong presence in the European financial markets. As Bux Markets continues to grow, it may expand its services to additional regions, enhancing its global reach.

　　In conclusion, Bux Markets is a regulated broker that offers a range of trading products and services tailored to the needs of retail traders. With its proprietary trading platform and commitment to customer support, Bux Markets aims to provide a reliable trading environment for clients looking to invest in various financial instruments.