BUX

What is BUX？

BUX is a regulated online trading platform that offers a diverse range of trading instruments across different asset classes, including shares, indices, currencies, and commodities. Founded in Cyprus, BUX operates under the supervision of the Cyprus Securities and Exchange Commission (CYSEC), ensuring compliance with regulatory standards. Additionally, BUX offers comprehensive educational resources to support traders in their journey, covering essential topics such as trading fundamentals, insights into CFDs, and market event calendars.

Pros & Cons

Pros:

• Regulated by CYSEC: Currently, BUX is overseen by the Cyprus Securities and Exchange Commission (CYSEC), which means that it operates under strict legal parameters set by this financial regulatory body, ensuring a secure trading environment for its users.

• Multiple Market Instruments: The platform offers diverse Market Instruments, including CFDs on shares, indices, currencies, and commodities, catering to various trading needs and experience levels.

• Multiple Customer Support Channels: BUX provides various customer support channels including phone, email, and address, enhancing accessibility and assistance for clients.

Cons:

• Lack for MT4 Platform: Trading with BUX is done solely via mobile phones. Lack for MT4 platform can be a big drawback for this broker, because MT4 is preferred by most traders.

Is BUX Safe or Scam？

• Regulatory sight: Currently, BUX is overseen by the Cyprus Securities and Exchange Commission (CYSEC), operating under a Market Making (MM) License with license number 374/19. This signifies that the broker is working within the legal parameters set by the corresponding regulatory bodies.

• User feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• Security measures: BUX serves clients in multiple jurisdictions while maintaining the same regulatory standards in each region.

Market Instruments

BUX offers an extensive selection of trading instruments, providing traders with opportunities across multiple asset classes. Here's a more detailed breakdown of the trading instruments available on BUX:

• Shares: BUX allows traders to trade CFDs on a wide range of individual stocks from various global markets. With access to popular stocks from major exchanges such as the NYSE, NASDAQ, LSE, and more, traders can capitalize on price movements in their favorite companies.

• Indices: Traders can also trade CFDs on major stock indices representing various regions and sectors. Whether it's the S&P 500, FTSE 100, DAX 30, or Nikkei 225, BUX provides access to these popular indices, allowing traders to speculate on broader market trends.

• Currencies: BUX offers CFD trading on a diverse selection of currency pairs in the forex market. From major pairs like EUR/USD and GBP/USD to exotic pairs such as USD/TRY and EUR/JPY, traders can take advantage of currency fluctuations and volatility.

• Commodities: Traders interested in commodity trading can access CFDs on a range of commodities, including precious metals like gold and silver, energy products like crude oil and natural gas, and agricultural products like wheat and corn. This allows traders to diversify their portfolios and hedge against inflation and geopolitical risks.

How to Login to Your Account？

• Open your web browser and type in the URL for the BUX homepage.

• Look towards the left side of the homepage. Specifically, seek out the“Log in” button and click on it.

• Input your username and password.

• Click on the ''Login to my account'' option.

Trading Platforms

Trading with BUX is done solely via mobile phones. The broker has developed its iOS and Android trading apps with traders in mind. However, lack for MT4 platform can still be a big drawback for this broker, because MT4 is preferred by most traders, beginners and professionals alike, because it provides perfect trading environment with great functionality.

Deposits & Withdrawals

Deposits

Card deposits are free of charge except for cards issued outside of the EEA, for which there is a transaction fee of 1.75%.

Withdrawals

Customer Service

BUX provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.

• Phone Number: +357 25060197

• Email:support@buxeurope.eu

• Address: BUX B.V. (Group Headquarters) Spuistraat 114-b, Amsterdam, 1012VA, Netherlands

• Bux Europe Limited (For EU residents only), Lima Carna Building, Office 101, 67 Franklin Roosevelt Ave, Limassol 3011

• BUX Financial Services Limited (For non-EU residents only), 2nd Floor, Canvas, 35 Luke Street, London, EC2A 4LH, United Kingdom

Education

BUX provides valuable educational resources to empower traders with the knowledge and skills needed to succeed in the financial markets. These resources cover essential topics such as:

• Overview: This section offers a comprehensive overview of trading and investing, including key concepts, terminology, and market dynamics. Traders can gain a solid understanding of how financial markets operate and the factors that influence price movements.

• CFDs (Contracts for Difference): Traders can delve into the specifics of CFD trading, learning about the mechanics of these derivative products, how they work, and their advantages and risks. This educational content equips traders with the knowledge needed to effectively trade CFDs across various asset classes.

• Useful Dates: Understanding important dates and events in the financial calendar is crucial for traders. BUX provides a resource dedicated to highlighting significant dates such as economic releases, earnings announcements, central bank meetings, and other events that can impact the markets. Traders can use this information to plan their trading strategies and make informed decisions.

Conclusion

In conclusion, BUX offers a comprehensive and regulated online trading platform that caters to traders' diverse needs across various asset classes. With competitive spreads, multiple deposit and withdrawal options, and a demo account feature, BUX aims to provide a user-friendly and accessible trading experience for traders of all skill levels. However, the lack of support for the popular MT4 platform could be considered a drawback depending on individual trader preferences.

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.