Overview of BUX Markets

BUX Markets, operated by BUX Financial Services Limited, is a regulated financial institution registered in the United Kingdom. It is authorized and regulated by the Financial Conduct Authority (FCA) with license number 184333. The company has been regulated since December 2001, and its adherence to financial regulations is overseen by the FCA to ensure market integrity and investor protection. However, it is important to note that BUX Markets does not currently have a trading software available.

BUX Markets offers a diverse range of tradable assets, including indices, currencies, shares, ETFs, commodities, interest rates & bonds, and cryptocurrencies. They provide two types of accounts: retail and professional, with a minimum deposit requirement of $100. The broker offers a demo account for practice trading and various educational resources such as webinars, guides, and videos to support traders' learning.

The proprietary trading platform provided by BUX Markets is called “TradeHub®,” offering advanced indicators, charts, and one-click trading. The platform supports trading across multiple markets and is accessible on PCs, tablets, and mobile devices. Customer support is available through phone and email during business hours, and there is a trading desk for trade-related inquiries.

Pros and Cons

BUX Markets, operated by BUX Financial Services Limited, is a regulated trading platform based in the United Kingdom. It offers a range of tradable assets, including indices, currencies, shares, ETFs, commodities, interest rates & bonds, and cryptocurrencies. The company provides two types of accounts, retail and professional, with a minimum deposit requirement of $100. BUX Markets has a proprietary trading platform called “TradeHub®” and offers educational resources such as webinars, guides, and videos. Customer support is available via phone and email during business hours, and a trading desk is available for trade-related inquiries. While BUX Markets is regulated and offers a diverse range of trading options, it's worth noting that its spreads are not considered particularly competitive compared to other market participants.

Is BUX Markets Legit？

BUX Markets, operating under the licensed institution BUX Financial Services Limited, is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The company holds a Market Making (MM) license with license number 184333. The regulatory oversight provided by the FCA ensures that BUX Markets adheres to financial regulations and standards.

Market Instruments

BUX Markets offers a variety of market instruments for trading.

Indices: BUX Markets provides trading opportunities for various indices, including the UK 100 Future, Wall Street Future, US 500 Future, US Tech 100 Future, Germany 30 Future, France 40 Future, and other European and Asian indices.

Currencies: Traders can access the foreign exchange market through BUX Markets. They offer currency pairs such as AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, and other combinations.

Shares: BUX Markets allows trading of shares from different countries. They offer shares in various market segments like the UK Blue Chip, UK Mid Cap, US Large Cap, France Large Cap, Germany Large Cap, and many more.

ETFs: BUX Markets provides access to exchange-traded funds (ETFs) that track underlying indices or commodities. Some of the available ETFs include Powershares QQQ Nasdaq, SPDR DJIA Trust, SPDR Gold Trust, SPDR S&P 500 ETF Trust, Vanguard MSCI Emerging Markets, iShares FTSE 100, and iShares Silver Trust.

Commodities: Traders can participate in commodity markets through BUX Markets. They offer futures contracts for metals like gold, silver, and platinum, as well as energy commodities like US Light Crude Oil and Brent Crude Oil. Additionally, there are futures contracts for soft commodities like Feed Wheat.

Interest Rates & Bonds: BUX Markets provides trading opportunities in interest rates and bonds. Traders can access products like 3-Month Short Sterling Future and Long Gilt Future in the United Kingdom, and Bund Future, Bobl Future, and Schatz Future in Germany.

Cryptocurrencies: BUX Markets also claims to offer trading options in cryptocurrencies.

Account Types

BUX Markets offers two types of accounts: one for retail traders and one for professional traders. The minimum deposit required to start trading is $100, which is in line with the standard in the industry. Additionally, BUX Markets provides demo trading accounts that allow users to practice trading online using virtual funds. These demo accounts serve as a way for traders to familiarize themselves with the trading platform and the services offered by the broker, while also allowing them to test their trading strategies in a risk-free environment.

In addition to the retail account, BUX Markets offers a premium service targeted towards traders who may qualify as Professional Clients. Professional Clients are exempt from certain product intervention measures introduced by ESMA. To be classified as a Professional Client, traders need to meet at least two out of the following three criteria: having executed significant leverage trades at an average frequency of 10 per quarter over the last 4 quarters, possessing a financial instrument portfolio (including cash deposits) exceeding €500,000, or having at least one year of professional experience in a financial sector position that requires knowledge of leveraged products.

How to Open an Account？

To open an account with BUX Markets, follow these steps:

1. Visit the BUX Markets website and locate the “Start trading now” button.

2. Click on the “Start trading now” button to initiate the account opening process.

3. Fill in the required personal information, including your personal details such as name, date of birth, and nationality.

4. Provide your contact details, such as your email address and phone number, which will be used for communication purposes.

5. Enter your postal address to ensure accurate correspondence.

6. Proceed to provide the necessary financial information as requested by BUX Markets.

7. Share your trading experience details to give the broker an understanding of your level of expertise.

8. Finally, provide the required account details to set up your trading account with BUX Markets.

Leverage

BUX Markets offers leverage for different instruments based on specific ratios. For major currency pairs, the leverage provided is set at 30:1. When it comes to minor or currency pairs, the leverage ratio is 20:1. Odd currency pairs have a leverage ratio of 10:1. For gold, silver, and platinum futures, the leverage is set at 20:1. US light crude oil futures have a leverage ratio of 5:1, while Brent crude oil futures have a leverage ratio of 10:1. Lastly, UK, German, and other European bonds have a leverage ratio of 5:1. These leverage ratios determine the amount of exposure and risk that traders can take in their positions.

Spreads & Commissions

Nabtrade offers competitive spreads across various global markets, enhancing trading efficiency for investors. Key examples include:

• EUR/USD: Features a tight spread of 1.2 pips with a bid of 1.08796 and an ask of 1.08808.

• Gold: Trades with a spread of 2.0 points between the bid at 2,354.4 and the ask at 2,356.4.

• Germany 30 Rolling (24): Offers a minimal spread of 1.0 point, with a bid of 18,333.5 and an ask of 18,334.5.

These spreads reflect nabtrade's commitment to providing cost-effective trading options in forex, commodities, and indices.

Fees

Overall fees at BUX Markets are focused on keeping costs low to enhance performance. This includes minimizing spreads, rollover costs, and financing costs. Access to personalized customer service in London is provided free of charge, and there are no account charges.

Funding charges apply for overnight financing, typically at a rate of 0.0098% + ARR (0.0096% + ARR for GBP denominated assets). Long positions attract financing charges, while short positions may receive financial interest credited to the account. Cryptocurrencies may have significantly different financing charges, so it is advisable to review the specific details.

When futures are the reference market, BUX Markets charges only half of the bid offer for rollovers from one contract to the next. This means that the new position is only 50% of the standard spread for that market, reducing the cost for traders.

Inactivity fees are applicable if a trading account remains inactive for 180 days. After this period, an Inactivity Fee will be charged, and if the account continues to be inactive, the fee will recur in increments of £10 in subsequent periods of 30 calendar days. It's important to refer to the company's Terms and Conditions for more information, particularly regarding accounts held in currencies other than GBP.

Deposit & Withdrawal

Credit/Debit Card:

BUX Markets allows users to fund their trading account using both debit and credit cards. Deposits made through these payment methods are processed immediately. It is important to note that the name on the card must match the name on the trading account. Deposits made with credit/debit cards are generally free of charge, except for cards issued outside of the European Economic Area (EEA), which may incur a 1.75% transaction fee. However, BUX Markets only accepts card payments that are 3-D secure, which adds an extra layer of protection against online fraud. Additionally, it is worth mentioning that BUX Markets does not accept third-party payments to maintain compliance with its internal policies.

Bank Wire Transfer:

BUX Markets also accepts deposits through bank wire transfer in various currencies such as EUR, GBP, USD, SEK, DKK, SGD, and CHF. To initiate a bank transfer, the account holder's name should match the name on the BUX Markets account. It is advisable to include the account holder's name and trading account number as a reference to ensure smooth allocation of funds. For the first deposit in GBP via bank transfer, BUX Markets may require a copy of a bank statement or transaction receipt. Cash deposits are not accepted due to money laundering regulations. Similar to credit/debit card deposits, third-party payments are not allowed, and users should ensure they fund their account with their own funds. Bank transfers may take up to 5 working days to appear in the trading account.

Withdrawing Funds:

The process of withdrawing funds from a BUX Markets account is straightforward. If a withdrawal is requested using a credit or debit card, the funds are debited from the trading account upon receipt of the request. BUX Markets returns funds only to their original source. Withdrawal requests made after 12:30 (GMT) are processed on the following working day. The withdrawal process generally takes up to 5 working days to complete. While it is possible to withdraw funds via bank wire transfer, debit/credit cards are the preferred method, and cheque refunds are not available.

Payment Methods:

BUX Markets accepts various payment methods, including VISA, Maestro, Mastercard, bank wire transfer, and Klarna. There is a minimum deposit requirement of 100 GBP/EUR/USD for credit card deposits, while there is no minimum deposit requirement for bank wire transfers.

Trading Platforms

BUX Markets offers traders a proprietary trading platform called “TradeHub®,” which differentiates itself from the popular MT4/MT5 platforms.

TradeHub® provides advanced indicators and charts for market analysis and allows for one-click trading directly from the charts. The platform's lifecycle costs are presented neutrally, including spreads, funding, and rollover costs.

Traders can opt for variable margin levels, ranging from low to 100%, to manage risk. Notional value trades allow users to input specific amounts for trades, providing options to adjust positions based on individual needs, strategies, or investment goals.

TradeHub® supports trading across multiple markets and is accessible on PCs, tablets, and mobile devices through the iOS and Android app. The platform offers a 24-hour dealing desk and emphasizes fast and accurate execution. Telephone trading is available without charge. Personal client service is based in London to provide support and assistance to traders.

Trading Tools

The trading tools offered by BUX Markets encompass various features to support traders in their activities. One of these tools is the TradeHub® charting package, which allows users to trade directly from the charts. The charts in TradeHub® provide persistent indicators that apply to the new instrument when it is changed, maintaining consistency. Traders have the option to customize technical indicators' parameters according to their preferences and strategies.

The TradeHub® charting package also includes pattern recognition capabilities, enabling users to identify market patterns and trends. The charts support bid, offer, and mid-prices for different timeframes and instruments. Users can choose from a variety of chart types and studies to analyze market data.

The charting package is compatible with mobile devices, allowing traders to access and monitor their trades. Simple filters are available to facilitate quick and accurate searches. The charts are browser-based, eliminating the need for additional software downloads.

Educational Resources

BUX Markets provides educational resources to help clients enhance their performance in CFD Trading and Spread Betting. These resources include webinars, guides, and videos, which are available to clients at no cost. These materials can simplify the learning process and provide insights into BUX Markets' products.

Additionally, customers have access to expert client services teams based in London. These teams can offer further assistance and support to clients.

The educational resources cover topics such as Spread Betting and CFDs, and include frequently asked questions (FAQs), a glossary of relevant terms, and useful dates related to trading activities. These resources are designed to provide clients with information and knowledge to make informed decisions in their trading endeavors.

Customer Support

BUX Markets provides customer support services during regular business hours from Monday to Friday, between 8:00 and 17:00 UK time. Clients can reach out to the service team through phone or email for assistance with their inquiries. The company aims to respond to customer queries as promptly as possible.

For trade-related inquiries, BUX Markets offers support through their trading desk. The trading desk's phone lines are open from 22:15 on Sunday until 22:15 on Friday, UK time. Clients can direct their trading-related questions to the trading desk via phone or email.

BUX Markets is headquartered in London, specifically at the following address: BUX Financial Services Limited, 3rd Floor, Canvas, 35 Luke Street, London, EC2A 4LH, United Kingdom. Clients can contact the company's London office through the provided phone number or email address for any support needs.

Conclusion

In conclusion, BUX Markets is a registered company, BUX Financial Services Limited, operating in the United Kingdom and regulated by the Financial Conduct Authority (FCA). With over 20 years of experience, BUX Markets offers a variety of tradable assets, including indices, currencies, shares, ETFs, commodities, interest rates & bonds, and cryptocurrencies. They provide a proprietary trading platform called “TradeHub®,” which offers advanced charting and one-click trading capabilities. BUX Markets offers two types of accounts, retail and professional, with a minimum deposit requirement of $100. They also provide a demo account for practice trading and offer customer support through phone and email during business hours. However, it should be noted that BUX Markets does not have a trading software available, and their spreads are not considered particularly competitive compared to other market participants.

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.

FAQs

Is BUX Markets a legitimate company？

Yes, BUX Markets is a legitimate company registered in the United Kingdom and regulated by the Financial Conduct Authority (FCA).

What trading platforms does BUX Markets offer？

BUX Markets offers a proprietary trading platform called “TradeHub®”

What are the available account types at BUX Markets？

BUX Markets offers retail and professional accounts to cater to different types of traders.

What markets and instruments can I trade with BUX Markets？

BUX Markets offers a wide range of tradable assets, including indices, currencies, shares, ETFs, commodities, interest rates & bonds, and cryptocurrencies.

What is the minimum deposit required to open an account with BUX Markets？

The minimum deposit requirement is $100.

What is the maximum leverage offered by BUX Markets？

The maximum leverage is set at 1:30 for most instruments.

What is VPFX？

VPFX is a trading name of Ventura Prime FX Limited registration number LL16224 registered in Labuan F.T., Malaysia. As an online forex broker, it delivers a comprehensive range of services to traders worldwide. VPFX provides traders with access to the highly acclaimed MT4 and MT5 platforms.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

VPFX Alternative Brokers

There are many alternative brokers to VPFX depending on the specific needs and preferences of the trader. Some popular options include:

• LIGHT FX - An innovative online brokerage that prides itself on offering competitive trading conditions, cutting-edge technology, and a user-friendly interface to empower traders of all levels.

• Trading 212 – A popular online brokerage platform that offers commission-free trading for a wide range of financial instruments, including stocks, ETFs, forex, and cryptocurrencies.

• TrioMarkets - A global forex and CFD broker offering a diverse range of trading instruments, competitive spreads, and advanced trading platforms to cater to the needs of both beginner and experienced traders.

Is VPFX Safe or Scam？

VPFX is regulated by Labuan Financial Services Authority (Labuan FSA) whose key role is to license and regulate licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the internal and international best standards adopted by the jurisdiction.

It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, VPFX appears to be a reliable and trustworthy broker.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

VPFX offers a diverse range of trading instruments across various asset classes to cater to the needs of different traders.

• Forex: VPFX provides a wide selection of currency pairs for trading in the foreign exchange market. These pairs represent the exchange rates between different currencies, allowing traders to speculate on the price movements and potentially profit from the fluctuations in exchange rates.

• Precious Metals: VPFX enables trading in precious metals like gold, silver, platinum, and palladium. These metals are often considered as safe-haven assets and can act as a hedge against inflation or economic uncertainty. Traders can take advantage of the price movements in these metals by buying or selling contracts based on their anticipated direction.

• Energy: Trading energy commodities is also available on VPFX. This includes contracts for difference (CFDs) on oil and gas products like Brent crude oil, West Texas Intermediate (WTI) crude oil, natural gas, and more. Energy markets are influenced by various factors such as geopolitical events, supply and demand dynamics, and weather conditions, presenting opportunities for traders to speculate on price changes.

• Indices: VPFX provides access to a variety of global stock market indices. These indices represent a basket of stocks from specific markets or sectors and serve as an indicator of overall market performance. Traders can trade CFDs on popular indices like the S&P 500, Dow Jones Industrial Average, FTSE 100, and more, allowing them to speculate on the performance of the broader market.

• Shares: VPFX offers trading in individual company shares from various global stock exchanges. Traders can participate in the price movements of popular companies by trading CFDs on shares. This allows traders to potentially profit from both rising and falling share prices without needing to physically own the underlying stocks.

Account Types

VPFX offers three trading accounts including the Standard, VIP and Elite accounts.

VPFX also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.

Leverage

VPFX offers traders a maximum leverage of 1:1000. Leverage is a tool that allows traders to control larger positions in the market with a smaller amount of capital. For example, with a leverage of 1:1000, a trader can control a position worth 1000 times their invested capital.

High leverage can be attractive to traders as it amplifies potential profits. With a smaller amount of capital, traders can take larger positions in the market and potentially benefit from even small price movements. This means that traders can achieve higher returns on their investments compared to trading with lower leverage.

Spreads & Commissions

VPFX offers different types of trading accounts with varying spreads and commissions to suit the preferences and needs of different traders. Here is the details of the spreads and commissions associated with each account type:

Trading Platforms

VPFX provides its clients with access to two popular and widely used trading platforms - MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their comprehensive features, user-friendly interface, and advanced trading capabilities.

• MT4:

MetaTrader 4 (MT4) is a widely recognized and highly regarded trading platform in the industry. It offers a range of tools and features that cater to both beginner and experienced traders. With MT4, traders can access real-time market quotes, execute trades, and analyze market trends using various technical indicators and charting tools. MT4 also supports automated trading through the use of Expert Advisors (EAs), which allows traders to implement and backtest their own trading strategies.

• MT5

MetaTrader 5 (MT5) is an upgraded version of MT4, offering additional features and functionality. MT5 provides an extended range of technical indicators, advanced charting tools, and an economic calendar to help traders make informed trading decisions. Moreover, MT5 supports a wider range of financial instruments, including stocks and futures, in addition to the forex market. Like MT4, MT5 also supports automated trading and allows traders to develop and deploy custom trading robots and indicators.

Deposits & Withdrawals

VPFX offers multiple convenient payment options for traders to fund their trading accounts.

• FasaPay: Traders can use FasaPay, a popular online payment system, to securely transfer funds to their VPFX trading accounts. –

• Neteller: Neteller is a widely used e-commerce platform that offers a secure and convenient way to fund trading accounts. Traders can transfer funds from their Neteller accounts to their VPFX accounts with ease, providing a seamless payment experience.

• Skrill: Skrill, formerly known as Moneybookers, is another electronic payment service accepted by VPFX. It enables traders to deposit funds into their trading accounts swiftly and securely, offering an additional option for convenient and reliable payments.

• Wire Transfer: VPFX also facilitates traditional bank wire transfers for traders who prefer this method. Wire transfers allow for direct transfers from a bank account to the trader's VPFX account. While this payment method may take slightly longer for processing, it provides a secure option for larger transactions.

• Credit/Debit Cards: Additionally, VPFX supports payments through credit and debit cards. Traders can use their Visa or Mastercard to deposit funds into their trading accounts directly. Credit and debit card payments are widely accepted and offer a convenient way for traders to fund their accounts without the need for third-party payment systems.

It is noted that the withdrawal will charge different fees according to different payment methods such as $40 via bank wire transfer, 2.5% via credit/debit cards and $0.5 via fasapay.

Customer Service

VPFX offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +60 154 600 0110

+971 4325 1188

+61 3 8399 9161

Email: customerservice@vpfx.net

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram, YouTube.

VPFXoffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

Conclusion

In conclusion, VPFX is a regulated online forex broker that offers a wide range of services and features to cater to the diverse needs of traders worldwide. With its commitment to transparency, efficiency, and client satisfaction, VPFX provides a user-friendly platform equipped with advanced trading tools and competitive spreads.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.