BluFX are dominating the industry with their instant funding model that requires no challenge or trading history. It is as simple as signing up, paying your fee of either £99pm for a $25,000 Lite Account or £249pm for a $50,000 Pro Account. They also have Islamic Shia Compliant Accounts. BluFX clearly takes all traders into account, they have a strong support team with a large interactive community. Withdrawals are done every 5%, weekly. They have very relaxed trading requirements and a 50-50 profit split, making BluFX a perfect choice for traders seeking instant funding with no challenges and no demo accounts. Oh, and did I mention funding up to $1,000,000?
- Excellent customer service.
- Instant funding.
- No challenge/evaluation phase.
- Real live account.
- Over weekend holding permitted.
- Overnight holding permitted.
- News trading allowed.
- Very informative.
- Extremely interactive team.
- Large community across multiple social media platforms.
- Funding up to $1,000,000.00.
- Fast scaling plan.
- 2 account types offered.
- Low leverage of 1:3.
- Limited to one account per trader.
- 50% profit split.
- No EAs allowed.
Account Types:
Lite Account – with this account you have to pay a monthly fee of £99 (which you can pay out of your profits in your equity account on your BluFX Dashboard). This gives you access to instant funding of $25,000: you are not liable for losses, your maximum drawdown is 10%, there is no scaling option, you have to reach a 5% profit target which allows you to withdraw a minimum of $625 (5%), you are allowed to hold trades overnight but not over the weekends. You have a buying power of $75,000 (1:3 leverage), and you have 28 currency pairs and Gold to trade.
Pro Account – with this account, you have to pay a monthly fee of £249 (again, you can pay with your profits). This gives you access to instant funding of $50,000, you are not liable for losses, your maximum drawdown is 10%, you have a scaling option of up to $1,000,000.00, profit target of 5% which equals to $1250 per withdrawal. You have a buying power of $150,000 (1:3 leverage), and you have access to trade 28 currency pairs and Gold.
Traders are allowed to carry positions overnight but no trades may be held over the weekend. Stage 3 promotion earns 24-hour trade opening (but not weekend position holding). Stage 4 promotion earns weekend position holding. Traders who earn loyalty benefits earn both 24-hour trade opening and weekend position holding. Please note that BluFX also offer Islamic Shia Swap-Free accounts.
Commissions and Spreads
BluFX’s broker doesn’t charge commission. They’re an STP broker so spreads are variable and determined by volume and liquidity.
Leverage
The accounts are leveraged at 1:3. All accounts have the same leverage and this cannot be changed. This is by far one of my favorite things at BluFX, with high leverage comes high risk and yes, high reward, but damn that risk is way too high. Prevention is better than cure and I prefer not to have my drawdown hit in one or two trades, thanks.
Available Pairs
There are only 28 currency pairs as well as Gold available, the currency pairs are, GBPUSD, GBPJPY, GBPCAD, GBPCHF, EURAUD, EURNZD, GBPAUD, GBPNZD, AUDUSD, AUDNZD, AUDCAD, UADCHF, AUDJPY, NZDUSD, NZDJPY, NZDCHF, EURUSD, EURGBP, EURJPY, EURCAD, EURCHF, USDJPY, USDCAD, USDSCHF, CHFJPY, CADCHF, CADJPY.
Withdrawal Duration
Withdrawals are processed up to the 20th of each month and payouts to the trader are processed on the 25th of every month.
Demo Account
There are no demo accounts available. BluFX funds you instantly.
Countries Accepted
BluFX is available to all countries as long as forex trading is permitted by your country.
Conclusion:
BluFX is unique among the prop firms seen today. They are looking for disciplined traders who are looking for long-term consistency and not just quick profits. They use an STP broker, so spreads are variable and determined by volume and liquidity and 50% profit split on withdrawal requests. If you are looking to join a prop firm that provides you with instant funding, has a large interactive community, and pays out on time, then look no further. BluFX has got you.
