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BluFX: Reviews And In-Depth Analysis

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BluFX has gone out of business since I wrote this blog post. I’m keeping the post for future reference but here are some cool BluFX alternatives:

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BluFX is a prop trading firm located in London.

In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from BluFX.

Here’s what you’re going to learn:

What Is BluFX

BluFX is a prop firm located in London. It was founded in 2016 so it already has some experience with funding traders.

What Can You Trade With BluFX?

BluFX is a prop firm that funds traders to trade mainly Forex.

Here’s a list of all of the instruments:

  • Forex: 29 different currency pairs available to trade.
  • Metals: Gold.

What Are The BluFX Account Sizes?

BluFX funds traders with account balances that go from $10,000 up to $100,000.

The Pro and Super Pro accounts can be scaled up to $1 million.

There are four different types of accounts that you can apply to. Each one has two versions, the Package, and the Swap Free. They are:

  • Mini Lite – Package
  • Mini Lite – Swap Free
  • Lite – Package
  • Lite – Swap Free
  • Pro – Package
  • Pro – Swap Free
  • Super Pro – Package
  • Super Pro – Swap Free

To get access to a funded account you just need to subscribe to the account that you want. Unlike other prop firms, with BluFX you don’t need to pass any challenge to get funded. You get instant funding.

The prices of the smaller funded account start at $99/month and go up to $1,239/month for the bigger account.

What Is The BluFX Leverage?

The leverage provided by the prop firm is not big.

1:3 for all account types and trading instruments.

How Much Is The BluFX Payout?

BluFX has a profit split of 50% for all accounts which is lower than normal in the prop trading industry.

The company keeps 50% of the profit you made, and you get the other 50%.

Your profits can be withdrawn in 5% lots. Meaning that if you made a 21% profit, you can withdraw 5%x4=20%. The last 1% can be withdrawn once you make 4% more, making another chunk of 5%.

There is no time to make the 5%, you can take all the time that you want and need without needing to risk too much because you have a time limit.

BluFX Reviews

According to Trustpilot, BluFX is classified as great. It’s scoring 4.2/5.0. The reviews are not much though, only about 1,000.

BluFX Account Maximum Drawdown

To maintain a BluFX account you need to keep your drawdown below 5% at all times.

BluFX EAs (Expert Advisors)

You cannot use EAs or scripts for automated trading with BluFX.

BluFX Free Trial

Unfortunately, BluFX doesn’t offer free trials.

BluFX Free Repeat

Unlike other prop firms, BluFX doesn’t offer a free repeat.

But that’s also aligned with their model, they fund traders based on a subscription, and not on a challenge that you can repeat.

BluFX Platforms

BluFX gives you access to a popular trading platform used by Forex brokers, cTrader, which is a great platform.

It would be nice if they had MetaTrader available too.

BluFX Trading Hours

Mini Lite and Lite Accounts

For these account types, traders can only open trades during the European session. BluFX defines this as the period that goes from 6:00 AM to 9:00 PM UTC.

You can though modify, close or carry positions overnight. The restriction is only about opening new trades.

Regarding the weekend, all trades must be closed by 9:00 PM UTC time.

Pro and Super Pro Accounts

The Pro and Super Pro traders don’t have any time restrictions for opening trades.

You can open, modify, close, or carry positions overnight any day during the week.

You still have to close your position for the weekend though.

BlueFX is more oriented to scalpers and day traders, so you may want to search for a different prop firm if you have a different trading style.

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BluFX News Trading

I didn’t find any reference to news trading so I assume that there is no problem with trading news releases or holding positions open around that time.

Is BluFX Legit?

Yes, BluFX is a legit company.

Here are the contacts to reach them:

Email: info@blufx.co.uk

Phone: +44 20 7058 0064

You can also reach them on their website using Live Chat Support.

Recap

  • BluFX is a prop trading firm based in London.
  • You can get an instant funded account with up to $100,000 in balance and up to 50% profit split payout.
  • The account can be scaled up to $1,000,000.
  • To get access to a funded account you don’t need to pass any challenge, instead, you pay a monthly fee.
  • You can trade Forex and Gold.
  • The popular cTrader platform is available to trade.

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