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BUX -

Score

1.34 /10
Danger

BUX

Cyprus

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.buxmarkets.eu/en

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Score

Regulatory Index0.00

Business Index5.69

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

BUX Europe Limited

Company Abbreviation

BUX

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 374/19) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

BUX · Company summary
BUXReview Summary
Found1996
Registered Country/RegionCyprus
RegulationSuspicious Clone
Market InstrumentsCFDs on shares, indices, currencies & commodities
Demo Account✔
SpreadRanging from 0.00001 to 100
Trading PlatformMobile phone
Customer SupportPhone: +357 25060197
Email: support@buxeurope.eu
Address:BUX B.V. (Group Headquarters) Spuistraat 114-b, Amsterdam, 1012VA, NetherlandsBux Europe Limited (For EU residents only), Lima Carna Building, Office 101, 67 Franklin Roosevelt Ave, Limassol 3011BUX Financial Services Limited (For non-EU residents only), 2nd Floor, Canvas, 35 Luke Street, London, EC2A 4LH, United Kingdom

BUX Information

BUX, founded in 1996, is an old brokerage registered in Cyprus. The trading instruments it provides cover CFDs on shares, Indices, Currencies and Commodities. It has a CYSEC license, but its current status is suspicious clone.

BUX Information

Pros and Cons

ProsCons
Multiple Market InstrumentsLack for MT4 Platform
Suspicious clone

Is BUX Legit?

It is clear that BUX, which was registered in 1991 and has a CYSEC license. But its current status is suspicious clone.

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
CyprusCYSECCoinbase Financial Services Europe LtdMarket Making(MM)374/19Suspicious Clone
Is BUX Legit?

What Can I Trade on BUX?

BUX offers traders the opportunity to trade CFDs on shares, indices, currencies and commodities.

Tradable InstrumentsSupported
Currencies✔
Commodities✔
Indices✔
Shares✔
Stocks❌
Cryptocurrencies❌
Futures❌
Options❌

Trading Platform

BUX's trading platform is a mobile app, which supports traders on iOS and Android.

Trading PlatformSupportedAvailable Devices
A mobile app✔Mobile
MT5❌
MT4❌

Deposit and Withdrawal

Deposits

Payment MethodTypeFeeProcess Time
Visa & Master CardCredit/debit cardFreeInstant
SOFORTBanking solutionFreeInstant
iDEALBanking solutionFreeInstant
Bank WireSEPA/International bank wireFree3-5 days

Card deposits are free, but cards issued outside of the EEA are charged a transaction fee of 1.75%.

Withdrawals

Payment MethodTypeFeeProcess Time
Visa & Master CardCredit/debit cardFree1-3 working days
Bank WireSEPA/International bank wireVaries3-5 working days

News

NewsWith BlackRock, BUX Will Provide An ETF Savings Plan Across Europe

BUX, a financial technology firm, and neobroker have collaborated with BlackRock, a prominent investment provider, to establish an ETF (exchange-traded fund) savings plan in Europe. The product gives European customers a straightforward method to invest in a diverse portfolio of ETFs managed by iShares, a BlackRock affiliate.

WikiFX
2023-02-02 15:01
With BlackRock, BUX Will Provide An ETF Savings Plan Across Europe
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User Reviews

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User comment

2

Comments

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Gorgies
more than one year
I requested another withdrawal, a larger amount and received it less than 24 hours after it was processed. I used a different bank withdrawal option, so perhaps I just need to stick to that in future as it’s now back to the speed I expect of such a reputable broker.
I requested another withdrawal, a larger amount and received it less than 24 hours after it was processed. I used a different bank withdrawal option, so perhaps I just need to stick to that in future as it’s now back to the speed I expect of such a reputable broker.
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2024-08-26 10:13
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xiaoy
more than one year
Their spreads were too wide, and their trading platform was extremely unstable. To make matters worse, my orders were always delayed without any explanation. It was like they couldn't care less about me as a customer. I wouldn't recommend BUX to anyone looking for a reliable and trustworthy broker. Just one piece: stay away from it.
Their spreads were too wide, and their trading platform was extremely unstable. To make matters worse, my orders were always delayed without any explanation. It was like they couldn't care less about me as a customer. I wouldn't recommend BUX to anyone looking for a reliable and trustworthy broker. Just one piece: stay away from it.
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2023-03-30 10:58
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