FOREX

BUX Markets Review: Is Buxmarkets.com A Safe Broker Or A Scam?

Buxmarkets.com Review: this is the website of BUX Markets, a Forex broker that claims to be affiliated with BUX Group and trading from the United Kingdom. Is it safe to invest funds in BUX Markets? Consider our reviews and see our expert take on this.

The most vital part of our reviews is uncovering if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

BUX Markets mentions that it is based in the UK and that it is affiliated with BUX Group. Forex trading in the UK is under the regulation of the FCA and when we checked the online register of the authority, we confirmed that BUX Markets is indeed a licensed and registered broker.

This is important because trading with a Forex broker that is unlicensed poses many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well. Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of BUX Markets

BUX Markets aims to help traders achieve their goals with competitive spreads and an intuitive trading platform. It also wants traders to trade confidently because it has proper licensing and regulation.

BUX Markets license legit scam

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It is common for Forex brokers to claim that they provide the best trading environment in the market. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

BUX Markets Trading Platform

The broker mentions that traders can get access to their own trading platform accessible via the web, iOS and Android store. This is surprising because many Forex companies offer traders the MetaTrader 4/ and or the MetaTrader 5 platform.

We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots. Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating systems. All can be used on desktops, Linus, Windows, iOS, and Android.

Tools that come with these trading platforms are also found to be useful for traders. It has proven to be user-friendly as well and helps traders in analyzing the market easily.

BUX Markets mentions offering traders the following trading instruments: Forex, Indices, Commodities, ETFs, Single Stocks, Bonds and Cryptocurrencies. This is encouraging because legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

The broker mentions offering maximum leverage of 1:30 for Forex and 1.2 for cryptocurrencies. It is important to note that while some leverages may seem generous, it is not advisable. High leverages can lead to huge loss of funds for inexperienced traders.

BUX Markets also offers spreads of 0.7 pips on EURUSD, which is quite favourable and less risky. Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

BUX Markets Deposit and Withdrawal Methods

We found that BUX Markets supports deposits and withdrawals via Visa, Mastercard, NatWest, CommerxBank, BPI and Klarna.

One of the characteristics of a legit broker is allowing deposits and withdrawals available via Visa, MasterCard, and Wire Transfer. Many others offer e-wallets like Skrill, Neteller, UnionPay, FasaPay, and so on.

The minimum deposit required is $100 and this is within the average that legit Forex broker charge in the industry. Usually, many legit brokerages require between $100 – $250 or even lesser.

Also, BUXMarkets charges no extra fees on deposit and withdrawals as well.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is BUX Markets Licensed?

Yes. BUX Markets is a licensed brokerage as it holds a license from the FCA.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with this Forex broker call: +44(0) 20 3330 0865 or send an email to: support@buxmarkets.com

Conclusion

BUX Markets has proven to be a broker worthy of trust but we still advise traders to be cautious. While it reveals its trading conditions carefully and provides location details, it is important to check all these out yourself before parting with your money.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

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BUX Markets

6.8

TRADING CONDITIONS

6.0/10

LICENSE

8.0/10

CLIENT REVIEW

6.0/10

CUSTOMER SUPPORT

7.0/10

Pros

  • Licensed company
  • Affordable deposit minimum
  • No charge on withdrawal and deposit
  • Solid leverage and spreads

Cons

  • No MT4 or MT5 trading software
Summary
Review Date
Reviewed Item
BUX Markets
Author Rating
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