Blufx

BluFX has gone out of business since I wrote this blog post, blufx. BluFX is a prop firm located in London.

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

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. In March , BluFX closed all trading accounts. They pledged to make good on any outstanding obligations to traders and hope to reopen some day with a restructured business model that will presumably not run afoul the FCA. Technically no, but they have closed all trader accounts. Apparently they are holding out hope that they will be able to reorganize and reopen, but in the meantime they have ceased all operations. BluFX ran into regulatory issues, which led to liquidity provider issues, which ultimately forced them to close against their will.

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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. Excellence is at the core of Blufx's vision.

Should you have an interest in them, be rest assured knowing they have accommodated for any trader, beginner, or professional. MyForexFunds offer 3 different types of accounts and they are based on your trading experience. It will end quicker than the fidget spinner phase. MyForexFunds have really thought outside the box by introducing this idea. These are the 3 accounts in detail:. With a rapid account, you will pay a one-time, refundable fee depending on if you are profitable or not , which allows you to trade a demo account for the company.

Blufx

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.

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They do have an excellent trader support team and a very active trading community that can help with risk management, but little in the way of very basic level forex trading education. There was also still no resolution with the FCA, which took the additional step of shutting down the blufx. They were the only forex prop firm I cover that offers monthly payments. All things considered. Privacy Policy. I just added an update to this post, however, explaining that now might not be a good time to join BluFx. Save my name, email, and website in this browser for the next time I comment. January 31, Then everyone cashes out and even the best-funded prop firms can run out of capital. It was founded in so it already has some experience with funding traders. For these account types, traders can only open trades during the European session. This definitely happened to BluFX once their liquidity provider bailed. Was BluFX a scam? Most prop firms make things so complicated that this is usually one of the longest sections of my reviews, but with BluFX, the explanation is simple.

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.

They are:. Your investments are shielded from any financial turmoil that may affect our company. I'm SO Ready! Apparently they are holding out hope that they will be able to reorganize and reopen, but in the meantime they have ceased all operations. News and Information. What can I trade with a BluFX funded account? My favorite is Topstep Reply. BluFX makes it very very easy to sign up for a swap-free account. Each one has two versions, the Package , and the Swap Free. For those of you looking for alternatives, please see my favorite prop firms for or favorite forex prop firms.