General Information & Regulation
BUX Markets is a UK-based investment company that offered investors a range of CFD and spread trading services through offices in London and Amsterdam when it became part of the BUX Group in June 2019. BUX Markets is a trading name of BUX Financial Services Limited. BUX Financial Services Limited is a company registered in England and Wales under register number 03148972. BUX Financial Services Limited is authorised and regulated by the Financial Conduct Authority, FCA Register number 184333. BUX Markets service is not directed nor is intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Such residents and countries include, but are not limited to, the United States.
Pros & Cons of BUX Markets
Market Instruments
With BUX Markets' user-friendly trading interface, you may trade a wide variety of CFDs online. Indices, foreign exchange (FX) currency pairs, cryptocurrencies, shares, commodities, exchange-traded funds (ETFs), interest rates, and bonds are just some of the hundreds of assets available. This range of options is competitive with those provided by major brokers such as IG. All the major currency pairs, the most traded cryptocurrencies, and the stocks of the world's largest firms are here.
BUX Markets Account Types
BUX Markets offers one account for retail traders and one account for professional traders, with the minimum depsoit to start trading from $100, in line with sector standard, actually. BUX Marketsprovide demo trading accounts which allow you to practice trading online with virtual funds so that you can familiarise yourself with the trading platform and brokers service whilst testing out your trading strategies in a risk free environment.
How to open an account with BUX Markets ？
When you open a real live trading account with BUX Markets, you can start trading immediately. There is a brief online application form that needs some basic information to be filled out. As part of the Know Your Customer (KYC) processes, you'll also be asked to produce identification and evidence of residence. These can include things like a current power bill, bank statement, or passport. Following confirmation from the broker's account management, you will be able to fund your account and begin online CFD trading.
BUX Markets Leverage
Leverage is 30:1 for major currency pairs, 20:1 for minor or currency pairs, 10:1 for odd currency pairs, 20:1 for gold, silver, and platinum futures, 5:1 for US light crude oil futures, 10:1 for Brent crude oil futures, and 5:1 for UK, German, and other European bonds.
Spreads & Commissions
The spreads offered by BUX Markets are 0.7 pips on the Eurodollar, 2.0 pips on the Gold, 1.0 pips on the FTSE 100, 1.0 pips on the Wall Street, and 1.0 pips on the German 30. Objectively speaking, the spreads of the products on the BUX Markets platform are not particularly competitive.
Additional Fees
Fees for overnight funding are typically 2.5% per annum plus the applicable interbank rate. Funding fees are assessed daily on overnight open positions. Any open positions on a Friday will incur a financing fee or credit equal to three days' worth of interest for the weekend.
Funding fees are assessed for long positions, while short positions may earn you interest on your money. If your trading account has been dormant for more than 180 days, you will be subject to an Inactivity Fee.
BUX Markets Trading Platforms
BUX Markets offers traders not the market-leading and popular MT4/MT5 trading platform, instead a trading platform called “TradeHub®”. BUX Markets claims this platform features an intuitive design, sophisticated charts and tools, fast and accurate execution, and that traders can trade anywhere, anytime from a PC, tablet, or cell phone. Generally speaking, it is not advantageous for investors for brokers to offer their in-house trading platforms, as brokers may set or add conditions in their internal software that favors them.
Deposit & Withdrawal
At the moment, it is only known that BUX Markets supports traders to deposit and withdraw funds to their accounts via wire transfer, credit/debit card payments. Credit/debit card deposits are free of charge, but a 1.75% transaction fee will be charged for cards issued outside the Eurozone. Client withdrawal requests will be processed within five business days, and BUX Markets does not support refunds via check poles.
Customer Support
BUX Markets customer support team are available to answer traders' general, technical and account related questions. The client services team are available from 8:00 to 17:00 (UK time), Monday to Friday, by phone or email. The trading desk phone lines are open for trading enquiries between 22:15 Sunday and 22:15 Friday (UK time).
Educational Resources
Webinars, trading manuals, a dictionary of words, frequently asked questions, and instructional videos are all available. It's awesome that you can get them at no cost from the site. This is great since it makes learning about internet trading accessible to complete novices. To put it another way, they want you to make well-informed trading decisions, and this is evidence of that. The benefits of the broker's products and how they can help you can be researched as well. CM Trading has an extensive library of learning resources available if you feel you need some additional guidance.
Accepted Regions
BUX Markets service is not directed nor is intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. Such residents and countries include, but are not limited to, the United States.
Frequently Asked Questions
What trading instruments does BUX Markets offer？
BUX Markets offers a series of trading instruments, including Forex, Indices, Stocks, ETFs, Commodities, Cryptos, Bonds.
What trading platform does BUX Markets offer？
BUX Markets offers a trading platform called “TradeHub®”, not the leading MT4 or MT5 trading platform.
What trading leverage does BUX Markets offer？
BUX Markets offers the maximum trading leverage up to 1:30 for major currencies, 1:20 for minor currencies.
