CFI Group

Company Profile: BUX Markets

General Information & Regulation

BUX Markets is operated by BUX Financial Services Limited, a regulated financial services provider in the United Kingdom. Established in 2014, it is licensed by the Financial Conduct Authority (FCA) under license number 184333, effective since December 2001. FCA oversight ensures that BUX Markets operates under strict standards, providing a secure trading environment for clients. BUX Markets is well-regarded for its extensive range of brokerage services and strong client protection under FCA regulation.

Financial Services & Market Instruments

BUX Markets offers a variety of financial instruments, catering to a wide range of trading interests:

• Indices: Trade global indices like the UK 100, Wall Street, and Germany 30.
• Currencies: Access major, minor, and exotic currency pairs, such as EUR/USD, AUD/JPY, and GBP/CHF.
• Shares: Trade shares from global markets, including UK Blue Chips and US Large Caps.
• ETFs: Exchange-Traded Funds like SPDR Gold Trust and Vanguard MSCI Emerging Markets.
• Commodities: Trade metals like gold and silver, along with energy products like crude oil.
• Interest Rates & Bonds: Options include the 3-Month Short Sterling Future and the German Bund Future.
• Cryptocurrencies: Includes popular digital assets, such as Bitcoin and Ethereum.

Account Types

• Retail Account: Minimum deposit of $100, standard leverage, and customer support available during business hours.
• Professional Account: For experienced traders with €500,000 or professional background, offering higher leverage and advanced features.

Trading Platform Features

BUX Markets operates on the TradeHub® platform, providing a range of tools and features for effective trading:

• Charting Tools: Advanced indicators and real-time charts for technical analysis.
• One-Click Trading: Allows instant orders directly from charts.
• Customizable Interface: Tailored options to fit individual trading preferences.
• Cross-Device Access: Available on desktop, tablets, and mobile devices (iOS and Android).
• Support for Notional Value Trades: Helps traders control specific portions of trade amounts.
• Variable Margin Levels: Adjustable from low to 100%, supporting flexible risk management.

Deposit & Withdrawal Methods

• Credit/Debit Card: Instant deposits for 3-D secure cards.
• Bank Transfer: Supports multiple currencies, processing within 5 business days, requiring matching account names.

Withdrawal Policy: Withdrawals are processed back to the original funding source, typically within 5 business days.

Fees

• Spreads: EUR/USD starts at 1.2 pips; gold starts at 2.0 points.
• Funding Charges: Long positions incur an overnight funding fee of approximately 0.0098% + ARR.
• Inactivity Fees: Accounts inactive for 6 months incur a monthly fee of £20.

Educational Resources

BUX Markets provides educational tools for traders of all levels:

• Webinars: Free sessions covering trading strategies and insights.
• Trading Guides: Easy-to-follow guides on trading basics and advanced topics.
• Video Courses: Step-by-step video lessons on key trading concepts.
• Glossary of Terms: Definitions of essential trading terms.

Customer Support

BUX Markets offers dedicated customer support:

• Trading Desk: Operational from 22:15 Sunday to 22:15 Friday, UK time.
• General Support: Available from 8:00 to 17:00 (UK time) for account and service inquiries.

Pros & Cons

Pros:

• FCA-regulated for a secure and compliant trading environment.
• Access to a diverse range of assets, supporting diversified investments.
• User-friendly TradeHub® platform with cross-platform compatibility.
• Low minimum deposit requirement of $100.
• Comprehensive educational resources for all trader levels.

Cons:

• Spreads are higher than some industry competitors.
• Inactivity fees apply after 180 days of account inactivity.
• Limited to one trading platform (TradeHub®); no support for MT4/MT5.
• Customer support is not available 24/7.

Conclusion

BUX Markets, regulated by the FCA, offers a secure trading environment with a wide variety of assets on its TradeHub® platform. The platform’s accessibility across devices and its trading tools make it a suitable choice for traders of all levels. While there are some areas for improvement in terms of spreads and inactivity fees, BUX Markets remains a solid choice for those seeking a reliable trading platform with comprehensive educational resources. Prospective clients should review account features and fees to ensure BUX Markets aligns with their trading needs.