BUX Markets is the parent company of the popular Bux Zero trading app. Bux was originally founded in 2014, and they are managed by a group of companies in the United Kingdom and Netherlands.
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BUX Markets Review
BUX Markets is a unique broker, which offers two types of trading accounts for investors; Social Trading and CFD Spread Betting. The popular choice for many people is their Social Trading, which you can act as a Follower or Top Trader. Selecting which traders you would like to follow is very simple, plus, you can filter the many choices based on performance.
CFD / Spread Betting is available on their custom TradeHUB web-based platform. There are hundreds of underlying assets available, and the spreads are very tight. For example their spread of the EUR/USD is only 0.8 pips, and on Bitcoin the spread is $8. The brokers website is localized into German, Spanish and English languages.
Mobile trading apps for Android & iOS are available. Three types of accounts are offered: BUX Zero, BUX X and BUX Crypto. The minimum deposit requirement for a new trading account is only $100.
Is BUX Markets Legal?
When comparing Forex CFD brokers, it is very important that you actually verify that the broker has an active license in your country. There are many scam brokers online who do not posses a license and we receive many complaints about them, see here.
- BUX Financial Services Limited, is the licensed entity that operates BUX Markets, and they are licensed and regulated by the FCA, registration number 184333. Located at: 2nd Floor, Canvas, 35 Luke Street, London, EC2A 4LH, United Kingdom. Contact email address is: [email protected], and contact phone number in United Kingdom is: +442033262131.
- BUX B.V. is also listed on their contact page, and they are located at: Spuistraat 114-b, Amsterdam, 1012VA, Netherlands. BUX Zero is regulated by the Dutch Authority for Financial Markets – AFM.
The real benefit in using a regulated broker is knowing that your funds are secure. A broker that is authorized by the FCA must keep clients funds in segregated accounts, and those funds are protected even in the event that the broker becomes insolvent.
Compare Popular Brokers
There are many brokers offering Social Trading and CFD trading online today, see a complete list of Broker Reviews here.
If you are currently investing with the BUX app, please share your thoughts in the comments below.