deposit:
- $99
Trading platform:
- cTrader
- FCA
BluFX Review 2024
deposit:
- $99
Trading platform:
- cTrader
- Forex only. No challenges or demo accounts. Account promotion to grow account balance. Profit is always shared 50/50
- 1:3
Summary of BluFX Trading Company
BluFX is a moderate-risk prop trading firm with the TU Overall Score of 5.1 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BluFX clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this firm as not all clients are satisfied with the company, according to reviews. BluFX ranks 26 among 38 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria and a test on how to open an account.
In many respects, BluFX is a typical proprietary trading firm. However, it has several special aspects. It allows you to trade only currency pairs and only on the cTrader platform. The 50/50 profit sharing is not competitive. On the plus side, there are no challenges, checks, or demo accounts. A verified user gets a needed balance right away and can trade with almost no or few restrictions (depending on the plan). The real growth potential is up to $1 million. The company has been tried and tested and its operation is 100% transparent.
The BluFX proprietary trading firm cooperates with 20,000 traders across the globe. It has physical offices in the UK and UAE, but its partners can be anywhere in the world without regional restrictions. BluFX does not have initial fees or challenges, and after completing the registration and verification, a trader immediately gets a real account with a balance of $10,000-$100,000. Balance, profit target, trading hours, and other parameters differ depending on the plan. On the Pro plans, a trader can manage up to $1 million, and 29 currency pairs are available. The BluFX prop firm cooperates with several liquidity providers, and selecting a broker is ad hoc. The trading is performed through cTrader only. The minimum monthly fee is $99. Profit is shared 50/50 on all plans.
💰 Account currency: | USD |
---|---|
🚀 Minimum deposit: | $99 |
⚖️ Leverage: | 1:3 |
💱 broker-profile.fields.spread.prop: | Unavailable |
🔧 Instruments: | 29 currency pairs |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with BluFX:
- several account types for traders with different experiences, trading strategies, and goals;
- no challenges or demo accounts. A partner of BluFX gets an account with a required balance right away;
- has the most popular Forex pairs with 1:3 leverage, without daily drawdown restrictions;
- total drawdown limits are minimal. Also, you cannot use hedging or advisors;
- the Pro and Super Pro plans offer a balance growth potential of up to $1 million;
- no initial fees or trading commissions. Only monthly fees from $99;
- a simple account growth system that requires a 10% profit to move to the next level.
👎 Disadvantages of BluFX:
- the only available instruments are currency pairs, and their list has been the same for a long time;
- traders can trade through cTrader exclusively. Other popular platforms like MT or TradingView cannot be used;
- funding is based on the data from behavioral artificial intelligence, which determines whether a specific trader’s balance should be increased.
Evaluation of the most influential parameters of BluFX
Geographic Distribution of BluFX Traders
Popularity in
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Expert Review of BluFX
The BluFX prop trading firm came to the international market relatively recently and immediately attracted the attention primarily of professional traders. Beginners are scared away by the fact that profit is halved between a partner and the company, while with most other platforms, traders receive 70-90% or even 100% for some time. Besides that, instead of initial fees, BluFX charges monthly fees that are by far not the lowest in the segment. However, all these aspects are more than compensated for by the company’s concept advantages.
The first thing that attracts experienced players is the absence of challenges. A partner only needs to register and confirm his personal information. After that, he gets an account with a necessary balance. Traders are not limited in time, only in total drawdown. They can trade any number of days per cycle, and on certain conditions, professional players can even use advisors. The Pro and Super Pro accounts have a gigantic balance growth potential of up to $1 million. All a trader has to do is trade successfully. Every time he makes a profit of 10%, he gets access to the next level with a larger balance.
Note that BluFX focuses on Forex, meaning that currency pairs are the only asset type available for trading. Presently, the prop firm offers 29 instruments. Leverage is 1:3. There is a limit on strategies, and hedging is not allowed. Partners must trade on cTrader as other platforms are unavailable. Funds can be deposited or withdrawn through all primary channels, including bank accounts and cards, electronic wallets, and transfer systems, such as Perfect Money or WebMoney. All transactions, including withdrawals, are commission-free. Based on the above factors, TU definitely recommends taking a look at this prop trading firm.
Dynamics of BluFX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Prop trading firms rarely offer standard investment programs, such as buying dividend stocks or staking cryptocurrency. But many of them, including BluFX, have affiliate programs that allow users to invite referrals and earn through them (usually by getting a percentage of trading fees or a one-time fixed payout).
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BluFX’s affiliate program:
After registration, a trader will find a referral code on the toolbar of his user account. He can post it on any online platform. Everyone who uses the code to register will bring its owner 10% of the monthly fee. After referrals make 25 trades, the trader gets an additional 10% of their regular fees. There is also a $200 bonus for every 25 users invited to the platform during a month.
Trading Conditions for BluFX Users
BluFX does not charge initial fees or trading commissions. A trader only makes monthly payments ranging from $99 to $1,239 based on the plan selected. There are no other expenses. The 1:3 leverage is fixed for all available instruments and cannot be increased (of course, it’s not mandatory to use leverage). Tech support can be contacted from your user account or in a live chat. It works Monday through Friday from 09:00 to 17:30 GMT.
$99
Minimum
deposit
1:3
Leverage
8/5
Support
💻 Trading platform: | cTrader |
---|---|
📊 Accounts: | Mini Lite, Lite, Pro, Super Pro |
💰 Account currency: | USD |
💵 Replenishment / Withdrawal: | Bank transfers, bank cards, electronic wallets, international transfer systems |
🚀 Minimum deposit: | $99 |
⚖️ Leverage: | 1:3 |
💼 PAMM-accounts: | No |
📈️ Min Order: | Unavailable |
💱 broker-profile.fields.spread.prop: | Unavailable |
🔧 Instruments: | 29 currency pairs |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Unavailable |
⭐ Trading features: | Forex only. No challenges or demo accounts. Account promotion to grow account balance. Profit is always shared 50/50 |
🎁 Contests and bonuses: | No |
Comparison of BluFX to other prop firms
BluFX | Topstep | FTMO | Funded Trading Plus | True Forex Funds | OneUp Trader | |
Trading platform |
cTrader | Deriv Trader, TSTrader, NinjaTrader, TradingView, Bookmap X-ray, Cunningham Trading Systems, DayTradr, InvestorRT, MotiveWave, MultiCharts, Rithmic R|TRADER Pro, Trade Navigator, Volfix.net | MetaTrader4, MetaTrader5, cTrader | MetaTrader4, MetaTrader5 | cTrader, MT4, MT5 | Ninja Trader, RTrader, iTrader, Photon, QScalp |
Min deposit | $99 | $1 | $155 | $119 | $89 | $125 |
Leverage |
From 1:1 to 1:3 |
From 1:1 to 1:100 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:1 |
From 1:1 to 1:1 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
broker-profile.fields.spread.prop | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points |
Level of margin call / stop out |
No | 1% / 1% | 50% / 50% | No | No | No |
Execution of orders | N/a | ECN | Instant Execution | Market Execution | N/a | No |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | No | No | No |
Prop firms’ comparative table by trading instruments
BluFX | Topstep | FTMO | Funded Trading Plus | True Forex Funds | OneUp Trader | |
Forex | Yes | No | Yes | Yes | Yes | Yes |
Metalls | No | Yes | Yes | Yes | No | Yes |
Crypto | No | No | Yes | Yes | No | No |
CFD | No | No | Yes | Yes | No | No |
Indexes | No | No | Yes | Yes | No | Yes |
Stock | No | Yes | Yes | No | No | Yes |
ETF | No | No | No | No | No | No |
Options | No | No | No | No | No | No |
BluFX Commissions & Fees
BluFX, just like its competitors, provides partners with its (BluFX’s) own capital, which partners can trade on certain conditions. In return, the platform charges monthly fees and takes 50% of a partner’s net profits. Considering that a trader can instantly get from $10,000 to $100,000 without passing a challenge, with a proper approach to trading, he stands a good chance of making Forex his primary source of income.
This prop firm does not charge spreads or trading fees on transactions. Brokers do. In this case, spreads and trading fees are united. A trader only pays for a trade once and he knows in advance how much he will pay. Charges are fully determined by liquidity providers and depend on many factors ranging from assets chosen to global market situations.
Account type | Spread (minimum value) | Withdrawal commission |
Mini Lite | No (determined by liquidity provider) | No |
Lite | No (determined by liquidity provider) | No |
Pro | No (determined by liquidity provider) | No |
Super Pro | No (determined by liquidity provider) | No |
Although the actual fee is calculated individually in each case, it is possible to compare its average value to that of other prop trading firms, most of which cooperate with different brokers.
Detailed review of BluFX
BluFX is a proprietary trading firm with market average conditions and several considerable advantages, such as the absence of challenges and the possibility to raise your account level as your balance increases. The balance can reach up to $1 million. However, BluFX takes 50% of a partner’s net profit, regardless of the account type. Partners of this platform hail the convenient user account, quick technical support, and good educational content (although many competitors have more of it). BluFX cooperates with a lot of brokers, which is beneficial in terms of liquidity provision. Traders always get the best prices for trading instruments.
BluFX by the numbers:
-
minimum monthly fee is $99;
-
maximum account balance is $1 million;
-
20,000 active partners.
BluFX is a prop firm for Forex trading
The BluFX platform focuses solely on currency trading. The only instruments featured are fiat currency pairs, such as EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/JPY, USD/CHF, etc. In total, there are 29 instruments. Leverage for all assets is 1:3 and cannot be changed. Using leverage is not mandatory, but in the vast majority of cases, it’s effective. With a proper approach to money management and risk assessment, leverage enables you to earn more profit in a minimal time. Users trade on cTrader, which is viewed by many as the best platform for Forex trading because it’s simple and multifeatured, and allows you to install additional plugins that make trading easier.
BluFX’s useful solutions:
-
users can select one of the four plans that differ in balance, trading conditions, promotion opportunities, and limits;
-
besides the standard accounts, BluFX provides swap-free accounts. It means that upon opening a position, a trader only pays a fixed fee and nothing else;
-
the account promotion feature lets you increase your balance in the Pro accounts up to $1 million. A trader who reaches that level becomes a manager and gets special privileges.
Advantages:
the company offers several account types (including swap-free), allowing every particular trader to select the best option considering his experience, ambitions, and strategic preferences;
BluFX is geared entirely towards Forex. Traders get access to 29 currency pairs on the most favorable terms and pay the lowest fees. There are no additional charges;
a trader only needs to monitor the total drawdown, not daily. The primary limits include the intraday trading time for the Mini Lite and Lite accounts, as well as the prohibition on hedging;
a trader does not need to complete challenges or prove his qualifications. After verification, he instantly gets from $10,000 to $100,000 in his balance;
a balanced growth potential in the Pro and Super Pro accounts is practically unlimited. A user can trade day and night and even use advisors on certain conditions.
Guide on how traders can start earning profits
First of all, you have to decide whether you need a swap-free account or an account with the swap. Note that trading requirements on these account types are the same, except monthly fees on swap-free accounts are higher. Another aspect is the separate plans. BluFX offers four plans that differ in starting balance, profit target, and maximum drawdown. Around-the-clock trading is not available on the Lite plans. Account promotion is possible on the Pro plans only. You are free to estimate your experience and ambitions. Leverage on all plans is 1:3.
Account types:
Swap-free accounts have the same names but with a “swap-free” designation. Balance, limits, and other conditions are the same as well. The monthly fees for the swap-free plans are $129, $219, $489, and $1,239 respectively.
Investment Education Online
Prop trading firms want their partners to make more money because they take a share of traders’ profits. In view of this, many platforms improve their partners’ qualifications by providing free and paid educational content and specialized courses. BluFX does not teach you to trade, but its website offers several useful guides.
There are a few articles on trading psychology on its blog. Besides the blog, there are two separate pages with detailed long reads about Forex. BluFX also offers a FAQs section with comprehensive answers to the main questions of traders.
Security (Protection for Investors)
BluFX does not need to be regulated by the FCA (Financial Conduct Authority) or any other authorized body because it does not route trades to the market and is not responsible for the trading process. But the company is officially registered in the UK and UAE and complies with local law. It is more important for prop trading firms that liquidity providers be regulated. All partners of BluFX are licensed and reliable.
👍 Advantages
- This prop firm has a legal department that can be contacted by traders for free
- Traders can contact any broker that cooperates with BluFX
👎 Disadvantages
- Traders cannot submit direct requests to international regulators
Withdrawal Options and Fees
-
After registration and verification, a trader gets an account with a necessary balance and can start trading.
-
Starting from the first trading day, a partner takes 50% of his net profit, and the other half goes to the company.
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You can request a withdrawal at any moment. To do it, you need to contact tech support.
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Withdrawal is available once a week. It’s not possible to withdraw funds more often.
-
Withdrawal can be made via these channels: bank transfer, bank card, or e-wallet.
-
There are minimum withdrawal limits, which you can learn about from tech support.
Customer Support Service
Support is available Monday through Friday from 09:00 to 17:30 GMT. All requests submitted after hours through a live chat or a special form on the website will be answered on the next business day.
👍 Advantages
- Even unregistered users can contact tech support
- During business hours, the specialists respond quickly
👎 Disadvantages
- Tech support is not available after hours or at weekends
To get a response from tech support, use the following channels:
-
your user account;
-
live chat on the website;
-
the firm’s Discord channel.
In most cases, it is best to use Discord because BluFX has a large and active community. There, you can always talk to colleagues and find a solution to your problem.
Contacts
Foundation date | 2012 |
Registration address |
1A Old Bond Street, London, W1s4PB Dubai Silicon Oasis, DDP, Building A, Dubai, United Arab Emirates |
Regulation |
FCA |
Official site | blufx.co.uk |
Contacts |
Email:
info@blufx.co.uk,
Phone: +44 20 7058 0064 |
Review of the Personal Cabinet of BluFX
Go to the official website of BluFX. Click the “Log in/Sign up” button in the top right corner. You can also click “Get funded”. There are duplicate buttons on all pages of the website.
Enter your username and password to log in to your user account. If you do not have an account yet, click “Register”. Include your first and last names and email. Create a password and confirm it. Enter your referral code if you have it. Confirm that you are not a bot (tick the box) and click “Register now”.
Use the link that was sent to your email address. Follow the on-screen instructions and confirm your identity by providing a scan/photo of your passport or driver’s license. Approval will take some time. After that, you will get full access to your user account.
BluFX’s user account features:
-
monitor data on your accounts by getting aggregate analytics on the balance and trades;
-
view general account settings and security parameters (including information about verification);
-
get information on incoming and outgoing transactions in the corresponding tabs;
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review information about the invited users in the referral program section;
-
access tech support.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FAQs
How do client reviews impact BluFX rating?
Any review can raise or lower the rating of any company in the Forex prop firms rating. To read reviews about BluFX you need to go to the company's profile.
How can I leave a review about BluFX on the Traders Union website?
To leave a review about BluFX , you need to register on the Traders Union website.
Can I leave a comment about BluFX if I am not a Traders Union client?
Anyone can post a comment about BluFX in any review about the company.