BUX Markets Trading review
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BUX Markets is a UK online brokerage that offers trading across a diverse range of markets including forex, stocks, indices, commodities and cryptocurrencies. With over 1000 tradable assets, BUX Markets broker aims to provide traders access to global markets to diversify their portfolios. This BUX Markets trading review will assess the trading conditions, platforms, regulation, fees and other offerings by the broker to help you decide if its a good choice.
What is BUX Markets?
BUX Markets is a UK-based online broker that offers over 1000 assets for trading including stocks, indices, forex, commodities, and cryptocurrencies. The broker is regulated by the Financial Conduct Authority (FCA) and provides a secure trading environment for UK traders.
Pros and Cons of BUX Markets Trading
| Advantages | Disadvantages |
| Regulated by the FCA, ensuring safety of funds | Only provides its own trading platform, no MetaTrader integration |
| User-friendly proprietary trading platform with advanced charting and analysis tools | Spreads on other assets besides forex can be high |
| Wide range of tradable assets including forex, stocks, indices, commodities | Limited educational resources and trading tools compared to competitors |
| Tight spreads on major currency pairs | |
| No deposit or withdrawal fees for UK clients |
Overview of Trading Conditions and Offers
Since its 2014 launch, BUX Markets has focused on providing UK traders a robust trading environment across global markets. To ensure reliable pricing, the FCA regulated broker works with top liquidity providers.
One standout is the 1000+ assets offered including forex, stocks, commodities, indices and cryptocurrencies. Traders can diversify across global markets. The minimum deposit is £100 for cards or no minimum for wire transfers, allowing easy account funding.
The proprietary BUX Markets platform provides advanced charting, technical indicators, risk management tools and more for in-depth analysis. Mobile trading apps are also available. Leverage up to 1:30 is offered on certain assets.
Spreads average 5-6 pips on forex but can be high on other assets. No commissions are charged except a 1.75% fee on some card deposits. Inactivity fees apply after 6 months.
Assets and Markets
One of the standout features of BUX Markets broker is the huge selection of over 1000 trading instruments across several markets. This diversity allows traders to speculate on global markets and build a worldly portfolio.
- Forex: BUX Markets broker provides access to 36 major, minor and exotic currency pairs. Major pairs like EUR/USD, GBP/USD and USD/JPY are available alongside minors (EUR/CAD, NZD/USD) and exotics (USD/TRY, USD/MXN). Spreads average 5-6 pips for majors.
- Stocks: Traders can trade CFDs on over 1000 global stocks from renowned exchanges like NYSE, NASDAQ, LSE, Euronext and more. Major UK, US, French, German, Dutch stocks are covered alongside other European and Asian shares.
- Indices: All the major global stock indices are available including UK100, Germany30, France40, Europe50, US30, US500, US Tech 100, Japan225 and more. Traders can speculate on index movements with tight spreads.
- Commodities: Trade CFDs on precious metals like gold and silver, major oil and gas futures, agricultural commodities, and more. Exposure to commodity price movements is available.
- Cryptocurrencies: BUX Markets broker allows trading top cryptos like Bitcoin, Ethereum, Litecoin, Ripple as CFDs. Go long or short on crypto/fiat pairs.
- ETFs, Bonds, Interest Rates: Access popular ETFs, government bonds, interest rate futures from major markets.
BUX Markets Bonuses
BUX Markets offers a cash bonus up to 10% for eligible professional account holders who make a minimum deposit of £5000.
To qualify, you must have an existing BUX Markets PRO account or open a new one and make a deposit between £5000-£9999 during the offer period to get a 5% bonus. Deposits above £10,000 qualify for a 10% bonus up to a maximum of £25,000.
The cash bonus can only be withdrawn once you generate enough spreads to reach 300% of the bonus amount. Additional conditions, like maintaining activity and not withdrawing your deposit, apply.
Trading Fees: How Much Does it Cost to Trade at BUX Markets?
BUX Markets makes money from spreads and overnight financing charges. Spreads average 5-6 pips for major forex pairs, which is relatively high. Shares and indices spreads are competitive. There are no commissions except for a 1.75% fee on card deposits from outside the EEA. Inactivity fees of £10 apply after 180 days of no trading.
Charts and Analysis
The BUX Markets trading platform offers 13 chart types, 170+ technical indicators, and 8 timeframes for in-depth market analysis. Customizable layouts and an intuitive interface make it easy to use for both new and experienced traders.
How to Trade with BUX Markets
Opening a position with a BUX Markets broker is straightforward:
- Select the asset you want to trade on the platform
- Choose buy/sell depending on your directional view
- Customize your position size, stop loss, and take profit
- Review and submit your order
Mobile Trading via the BUX Markets App
BUX Markets offers mobile apps for Android. The apps allow you to easily monitor markets, place/manage trades, and perform analysis on the go. The mobile experience is user-friendly but the app ratings are quite low, which needs improvement.
How to Download the BUX Markets App
The BUX Markets mobile app is currently only available for Android devices and can be downloaded directly from the Google Play Store. To get the app on your device, simply open the Play Store application and enter “BUX Markets” in the search bar. Tap the search icon and the official BUX Markets app should show up as the first result.
Select the BUX Markets app from the search results to open the app page. Here you can see additional details, screenshots, and reviews to confirm it’s the official BUX Markets app. Click the green “Install” button and the app will begin downloading to your device. The install process only takes a few seconds on most modern Android phones.
Can you use trading robots on BUX markets?
No, BUX Markets does not allow automated trading through Expert advisors or trading robots. The platform has limited algorithmic trading capabilities compared to MetaTrader platforms.
How to Trade Different Assets on BUX Markets
- Forex: BUX Markets offers 36 major, minor and exotic currency pairs for forex trading with average spreads of 5–6 pips. Use leverage up to 1:30 on forex pairs.
- Stocks: Over 1000 global stocks from UK, US, France, and Germany can be traded as CFDs. Take both long and short positions.
- Indices: Speculate on major global indices like FTSE, NASDAQ, DAX, S&P500 with spreads from just 0.9 points.
- Commodities: Trade CFDs on gold, silver, oil, gas and other commodities with tight spreads.
- Cryptocurrencies: BUX Markets does not currently offer cryptocurrencies for trading.
Can you trade Forex on BUX Markets?
Yes, BUX Markets provides access to over 36 forex currency pairs, including majors like EUR/USD and GBP/USD, minors like EUR/CAD, and exotics like USD/MXN. Spreads average 5–6 pips for major pairs, which are on the higher side. Leverage up to 1:30 is available for forex trading.
To trade forex on BUX Markets:
- Select the forex pair you want to trade in the assets list
- Choose your trade size and set stop losses/take profits
- Click buy/sell to execute your forex order
The proprietary BUX Markets platform has advanced charting capabilities, order types, and analysis tools tailored for forex trading. You can trade directly from charts and use features like live news feeds to help with forex analysis.
Can you trade binary options on BUX Markets?
The answer is no, BUX Markets does not currently support binary options trading. The broker only offers trading in CFDs on forex, stocks, indices, commodities, and cryptocurrencies.
Binary options allow you to speculate on yes-or-no propositions on an asset’s price—for example, whether the price of gold will be above $1,300 at 3pm. This all-or-nothing style of trading is high-risk but simple to understand.
Many brokers like IQCents, Videforex, Smartytrade, Raceoption and Binarycent offer binary trading alongside CFDs. But BUX Markets does not provide binary options. If you want to trade binaries specifically, you will need to choose a broker that provides them.
FAQ
Is BUX Markets regulated?
BUX Markets is fully authorized and regulated by the Financial Conduct Authority (FCA) in the UK under FCA registration number 184333. The FCA enforces strict rules around client fund segregation and financial reporting. BUX Markets complies with all regulatory requirements for secure trading. Client funds are kept in segregated accounts at top-tier banks and regular audits are conducted. FCA registration protects traders up to £85,000 through schemes like FSCS.
Does BUX Markets offer a demo account?
BUX Markets offers a free unlimited demo account with $100,000 virtual funds for risk-free practice. The demo account offers all features of a real account on BUX’s trading platform. Traders can practice trading assets without risking real money. Demo accounts simulate live markets for traders to practice with real price movements and volatility.
Does BUX Markets offer any bonuses or promotions?
Yes, BUX Markets offers an attractive cash bonus promotion for eligible professional traders. Account holders who deposit between £5,000-£9,999 during the offer period can get a 5% cash bonus. Those depositing over £10,000 qualify for a 10% bonus up to a maximum of £25,000. To get the bonus, you must have an existing BUX PRO account or open a new one. Additional conditions apply.
Is the BUX Markets trading platform good?
BUX Markets developed an advanced web-based trading platform and mobile apps. The desktop platform offers over 170 technical indicators, 12 chart types, drawing tools, news feeds, risk management tools, customizable workspaces, and more. An intuitive user interface is designed for newer traders and advanced functionality for experienced traders. Stops, limits, and trailing stops are supported. Fast and stable platform for analyzing markets and executing trades.
What is BUX Markets customer support like?
BUX Markets customer support is available via email and telephone. The support staff are responsive but slow at times in resolving issues. UK phone number: +44 (0) 20 3326 2135, available during working hours. Email: [email protected] Queries are usually answered within 24 hours, but may vary. Support covers technical issues, platform troubleshooting, account queries, and general trading questions. Live chat improves customer service by reducing call wait times.