BluFX Official Website - https:// BluFX .co.uk/ is currently unavailable. Therefore, we can only gather relevant information from the internet to provide an approximate picture of this broker.
Risk warning:
Online trading involves significant risk, and you could lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
BluFX is an offshore broker, while the company behind BluFX stands for Blueprint Capital Ltd. and is based in the United Kingdom. In this case, they do not claim affiliation with the Financial Conduct Authority (FCA). This immediately raises suspicions, as dealing with an unregulated company always carries counterparty risk.
There
are only 28 currency pairs available for the market instruments, as well as gold, and the currency pairs are EURUSD, EURGBP, EURJPY, EURCAD, EURCHF, USDJPY, USDCAD, USDSCHF, CHFJPY, CADCHF, CADJPY, GBPUSD, GBPJPY, GBPJPY, GBPCHF, EURAUD, EURNZD, GBPAUD, GBPNZD、AUDUSD、AUDNZD、AUDCAD、UADCHF、AUDJPY、NZDUSD、NZDJPY、NZDCHF。
With a minimum deposit
,BluFX offers a live account of $25,000 at a monthly fee of €99 with a profit target of 5%, or $1250. In the 25k trading plan, they don't let you hold trading positions overnight. BluFX only allows you to trade between 6 am and 9 pm UK time. So if you make any trade, you have to close it by 9 pm every day. The scam is coming. If you are an experienced trader, you know that in the forex market, due to volatility, we have to hold some trades overnight or for a few days to make a profit. At this moment, they limit your limits and trap you in a big black hole.
Trade Size
BluFX gives examples of $25,000 and $50,000 accounts. The maximum trading volume is 1 lot for a $25,000 account, while the $50,000 account has 2 lots. Depending on the margin required at the time of trading, each currency pair has its maximum trade size.
Leverage
The leverage ratio offered by BluFX is only 1:3, while traditional forex brokers offer a minimum of 1:100 or 1:200. It is important to remember that the greater the leverage, the greater the risk of losing your deposit. The use of leverage can be both beneficial and unfavorable to you. =
Spread
trading costs The BluFX platform is not disclosed by the company. Given that they only facilitate day trading, slightly higher spreads can greatly impact any trader's bottom line. Typically, forex brokers offer spreads of 1.0 -1.5 pips for the EUR/USD pair.
Trading Platform
Not surprisingly, this unconventional broker does not support the old MetaTrader4 (MT4) platform. Instead, it offers its proprietary web-based platform that has most of the features offered by MT4. There is no demo version available.
Deposits and withdrawals
BluFX currently accepts credit/debit cards, PayPal, USDT, Flutterwave, WebMoney, and PerfectMoney for payments. With BluFX, you can only withdraw funds from your trading account after making a 10% profit (if you choose one of the latter two account types and have an account balance of $55,000, your first withdrawal can be $2,500).
Fees
To gain access to BluFXs capital, must pay the monthly fee specified at the start of this review, ranging from £99 to £249, depending on the account type.
Customer Support
BluFX customer support can be reached via email at info@ BluFX .co.uk. You can also follow this broker on social networks such as Instagram and YouTube. Company address: 1A Old Bond Street, London, W1S4PB; Dubai Silicon Oasis, DDP, Building A, Dubai, United Arab Emirates.
