BluFX General

Our subscription-based service means a regular fixed cost for your Fx speculation. In BluFX, traders who subscribe to our 50K funded account are not liable for any trading loss. The subscription fee is truly the only cost for trading our funded accounts.

The subscription cycle is 30 days. For your account to stay active you will need to make a payment before your subscription expiry date.

We’ve created one video to show you the whole process, you can watch here. Please don’t hesitate to email info@blufx.co.uk if you still have any problems.

We will normally complete the process of creating and funding your account within 1 business day.

We do not provide demo accounts.

We take on Prop traders from anywhere in the world.

If you would like to upgrade or downgrade your subscription you may do that at the end of your subscription cycle. However, if you would like to do it before your subscription cycle ends then you may pay the difference in package fee. Your upgrade will be applied immediately to your existing subscription cycle. Mid cycle downgrades will also be applied immediately to the existing cycle.

Flexibility is the main strength of the BluFX platform. You may start and stop trading after each subscription cycle. Your account and MT4 will be ready to go when you are ready to continue.

The BluFX platform is driven by trader data and behavioural risk management models. To that end we impose the absolute minimum restrictions on trading strategy and styles. The trading terms and conditions are a function of our risk management and must be followed by all traders. Please read the terms and conditions for your subscription package before trading.

No timeframes are set for growth or withdrawal targets.

If you hit 10% profit target, you could either choose to withdrawal 50% of the profit to your bank account or upgrade your account size based on our growth fundamental. Simply email info@blufx.co.uk to inform our team of your decision. We will get your account updated for you.

Trading Information

We use the industry standard MT4.

You will be trading on a live spot FX account at a UK FCA regulated brokerage.

The Spread is the difference between buy and sell price for a currency pair. The size of this difference will depend on the specific pair and time of day as well as market volatility. This variable is set by our liquidity providers and is much better than retail traders typically get from their brokers and is in line with professional traders expectations. EURUSD for example is around 1.2 pips during the normal European trading session.

If your account is in deficit by 10%, a risk management review will be triggered. If you have not engaged in unauthorised trading and you feel that you want to change strategy then we will consider refinancing your account to give you a fresh start.

Our trading parameters are all set in line with our analysis of vast amounts of trader data. We have set the leverage at the level that allows traders who have developed strategies that do not rely on luck and are suitable for low risk and consistent returns when applied to large amounts of trading capital. Therefore our leverage level is fixed to achieve our objectives for the BluFX platform.

The trading guidelines are designed to have minimal restrictions on trading strategy. Our platform is dependent on our risk management models and the few guidelines we do impose are a result of this function. There are no minimum or maximum limits for number of trades or loss per trade. The only limit is a total drawdown limit of 10%.

Traders are responsible for closing positions according to the terms and conditions. A pattern of unauthorised positions will make the trader ineligible for withdrawals or promotion.

We do not allow traders to use EA’s or Robots as our risk management setup currently prohibits this. We hope to develop the system to accommodate EA’s in the near future.

The lot size is the amount of currency you can trade against the base currency. Different currency pairs will have different contract specifications. For detailed information about limits, margin, position size and other trading account parameters please refer to this article; https://blog.blufx.co.uk/blufxmargin

The trading guidelines are designed to have minimal restrictions on trading strategy. Our platform is dependent on our risk management models and the few guidelines we do impose are a result of this function. There are no minimum or maximum limits for number of trades or loss per trade. The only limit is a total drawdown limit of 10%.

We have had to implement some changes to the way leverage and margin requirements are calculated due to ESMA regulations that come into effect 01/08/2018. Hence lower leverage/higher margin requirements. We have worked with the new parameters to ensure that your overall margin requirements remain the same as before across the pairs. There will however be small changes to minors like AUD NZD.

Withdrawals & Payments

At any time, an account has at least 5% in profit, a request for withdrawal can be submitted. The 5% amount will be removed from the trading account. The traders 50% profit share will then be transferred to the trader’s bank account or PayPal. There is no limit to the number of withdrawal requests however all money is sent on the 25th of each month.

We make payments via PayPal or Bank Transfer.

You may withdraw all your profits in incremental blocks of 5%. Therefore, if you realised a 21% profit, you could immediately withdraw 5% x 4 = 20%. You would then need to make a further 4% to be able to withdraw another 5% block.

Once you make payment, we will collect information about you and then create your account at the broker. We will then fund the account and you will be sent account login details and MT4 installation link. You can then read our terms and conditions carefully and start trading.

We accept subscription fee payment with PayPal and Bank Transfer.

Yes. Once you make the payment for the time period you wished, simply email info@blufx.co.uk to inform our customer support team. Your subscription will be updated for you.

Profit withdrawals may be used to pay for the next subscription. Profits may only be withdrawn in 5% blocks.

Someone else can pay for your subscription. If you make a payment from a different PayPal account, we will need an email from that PayPal address to confirm that they have made payment for your subscription. If payment is made from a bank account with a different name, then we will require an email from that person.

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