Blufx

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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.

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.

What can I trade with a BluFX funded account? Good luck Blufx

Our success is centred around miscellaneous core values. Values that include providing competitive brokerage fees through tight spreads, ensuring lightning-fast execution, access to advanced trading platforms with an extensive portfolio of financial products, and exceptional customer service.. Your investments are shielded from any financial turmoil that may affect our company. Regular audits and reporting confirm. Our mission in forex trading is to achieve consistent profitability by making informed and disciplined trading decisions.

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. One-Step programs are programs that require a single challenge to be passed. Two-Step programs require that you pass two different challenges before getting funded. Usually, each phase or each challenge has different targets and rules. Being able to test a prop firm before we commit and purchase is a good thing.

Blufx

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 tried to limp on with blufx.

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Watching out for these signs can save you a lot of time and money if you can make your withdrawal before a prop firm fails, rather than standing in line trying to get your money after it fails. BluFX makes it very very easy to sign up for a swap-free account. For these account types, traders can only open trades during the European session. As of this writing they have more than reviews that give credence to their great rating and are a testament to how many traders BluFX has funded. How can I start without money to be part of your trading Reply. Forex Trading Trade major, minor, and exotic currency pairs with competitive spreads. Make sure that you do understand the rules. I recently docked BluFX two points on their trustworthy score due to the recent liquidity issues. Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. What happened to BluFX? Other firms, like BluFX, charge you a monthly fee but give you immediate access to their cash. In December they lost their liquidity provider and traders were unable to execute trades for nearly three weeks. They were the only forex prop firm I cover that offers monthly payments. Log In Get Started. And if you do want to make withdrawals, they have a scaling plan for you too.

BlueFX never stands still, continually innovating to make the trading experience seamless, intuitive and user-friendly. BlueFX offers Electronic Communication Network technology, which seeks to guarantee that traders always trade under the best trading conditions.

The information contained on this website is for entertainment purposes only and should not be considered personal financial advice. Your email address will not be published. Skip to content. The one limitation that irritates some traders is the somewhat limited trading hours with the Lite package. Every prop firm tweaks its rules from time to time in response to changing market conditions or new trading techniques, but drastic rule changes can be a sign that something is amiss. Traders have rewarded them by signing up in droves. Save my name, email, and website in this browser for the next time I comment. Follow this company File for this company. Hide this message. All financial markets are inherently risky. Watching out for these signs can save you a lot of time and money if you can make your withdrawal before a prop firm fails, rather than standing in line trying to get your money after it fails. BluFX tried to limp on with blufx. Can Americans trade with BluFX?