{"id":4992,"date":"2022-03-22T14:02:34","date_gmt":"2022-03-22T14:02:34","guid":{"rendered":"https:\/\/mdfinancialskills.org\/?p=4992"},"modified":"2024-02-16T15:16:19","modified_gmt":"2024-02-16T15:16:19","slug":"blufx-review","status":"publish","type":"post","link":"https:\/\/mdfinancialskills.org\/blufx-review\/","title":{"rendered":"BluFX Review &#8211; Rules, Pros, Cons &#038; Promos"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6628819c7f5fe\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6628819c7f5fe\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Update_BluFX_has_ceased_operations\" title=\"Update: BluFX has ceased operations\">Update: BluFX has ceased operations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#What_happened_to_BluFX\" title=\"What happened to BluFX?\">What happened to BluFX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Overview\" title=\"Overview\">Overview<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Pros\" title=\"Pros&nbsp;\">Pros&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Cons\" title=\"Cons\">Cons<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#BluFX_funded_trader_program_highlights\" title=\"BluFX funded trader program highlights\">BluFX funded trader program highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Who_should_sign_up_with_BluFX\" title=\"Who should sign up with BluFX?\">Who should sign up with BluFX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Who_should_NOT_sign_up_with_BluFX\" title=\"Who should NOT sign up with BluFX?\">Who should NOT sign up with BluFX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#All_things_considered\" title=\"All things considered . . .\">All things considered . . .<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#BluFX_Basics\" title=\"BluFX Basics\">BluFX Basics<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#BluFX_origin_story\" title=\"BluFX origin story\">BluFX origin story<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#How_does_BluFX_work\" title=\"How does BluFX work?\">How does BluFX work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Can_Americans_trade_with_BluFX\" title=\"Can Americans trade with BluFX?\">Can Americans trade with BluFX?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#How_much_does_BluFX_cost\" title=\"How much does BluFX cost?\">How much does BluFX cost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Anniversary_One-Time_Payment_Accounts\" title=\"Anniversary One-Time Payment Accounts\">Anniversary One-Time Payment Accounts<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#My_Assessment\" title=\"My Assessment\">My Assessment<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Profit_splits_%E2%80%93_910\" title=\"Profit splits &#8211; 9\/10\">Profit splits &#8211; 9\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Scaling_opportunities_%E2%80%93_1010\" title=\"Scaling opportunities &#8211; 10\/10\">Scaling opportunities &#8211; 10\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Trade_parametersprofit_targets_%E2%80%93_910\" title=\"Trade parameters\/profit targets &#8211; 9\/10\">Trade parameters\/profit targets &#8211; 9\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Affordabilityvalue_%E2%80%93_910\" title=\"Affordability\/value &#8211; 9\/10\">Affordability\/value &#8211; 9\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Educational_resources_%E2%80%93_610\" title=\"Educational resources &#8211; 6\/10\">Educational resources &#8211; 6\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Tradable_assets_%E2%80%93_910\" title=\"Tradable assets &#8211; 9\/10\">Tradable assets &#8211; 9\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Trustworthiness_%E2%80%93_810\" title=\"Trustworthiness &#8211; 8\/10\">Trustworthiness &#8211; 8\/10<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#My_overall_rating_%E2%80%93_8610\" title=\"My overall rating &#8211; 8.6\/10\">My overall rating &#8211; 8.6\/10<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#What_Others_are_Saying\" title=\"What Others are Saying\">What Others are Saying<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#TrustPilot\" title=\"TrustPilot\">TrustPilot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Google_Business\" title=\"Google Business\">Google Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Overall\" title=\"Overall\">Overall<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Is_BluFX_legit\" title=\"Is BluFX legit?\">Is BluFX legit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#What_trading_platform_does_BluFX_use\" title=\"What trading platform does BluFX use?\">What trading platform does BluFX use?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Does_BluFX_offer_discounts_or_promo_codes\" title=\"Does BluFX offer discounts or promo codes?\">Does BluFX offer discounts or promo codes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Can_anyone_join_BluFX\" title=\"Can anyone join BluFX? \">Can anyone join BluFX? <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#What_are_BluFX_trading_hours\" title=\"What are BluFX trading hours?\">What are BluFX trading hours?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#What_can_I_trade_with_a_BluFX_funded_account\" title=\"What can I trade with a BluFX funded account?\">What can I trade with a BluFX funded account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#What_types_of_accounts_does_BluFX_offer\" title=\"What types of accounts does BluFX offer?\">What types of accounts does BluFX offer?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Does_BluFX_offer_swap-free_accounts\" title=\"Does BluFX offer swap-free accounts?\">Does BluFX offer swap-free accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-38\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Is_BluFX_regulated\" title=\"Is BluFX regulated?\">Is BluFX regulated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/mdfinancialskills.org\/blufx-review\/#Does_BluFX_give_you_a_second_chance\" title=\"Does BluFX give you a second chance?\">Does BluFX give you a second chance?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Update_BluFX_has_ceased_operations\"><\/span>Update: BluFX has ceased operations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>UPDATE: March, 2023. An announcement posted on BluFX&#8217;s Discord channel stated that all BluFX accounts would be closed due to their ongoing issues with regulators. For those of you looking for alternatives, please see my <a href=\"https:\/\/mdfinancialskills.org\/best-prop-trading-firms\/\" data-type=\"post\" data-id=\"4616\">favorite prop firms for 2024<\/a> or <a href=\"https:\/\/mdfinancialskills.org\/best-prop-firms-for-forex\/\" data-type=\"post\" data-id=\"6656\">favorite forex prop firms<\/a>. <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_happened_to_BluFX\"><\/span>What happened to BluFX?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Significant problems with the<a href=\"https:\/\/www.fca.org.uk\/news\/warnings\/blufx\" target=\"_blank\" rel=\"noopener\"> UK&#8217;s Financial Conduct Authority (FCA),<\/a> liquidity provider issues, and more led BluFX to close all trader accounts. They are technically not out of business, as they hope to restructure and return, but they have ceased all trading operations for the immediate future. <\/p>\n\n\n\n<p>I go into far more details in <a href=\"https:\/\/mdfinancialskills.org\/what-happened-to-blufx\/\" data-type=\"post\" data-id=\"5841\">my article about BluFX&#8217;s demise <\/a>if you want to learn more, but obviously you should not sign up with BluFX at this time.  <\/p>\n\n\n\n<p>I am keeping the rest of my BluFX review online below since I think it still has a lot of valuable information, so continue reading if you&#8217;d like, but I&#8217;ve removed any links to the BluFX website. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overview\"><\/span>Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>BluFX offers instant funding of up to $100,000 for forex traders, loose trading parameters, and incredibly simple rules. If you&#8217;re not based in the US, you can join BluFX at one of the most popular prop firms in the world.&nbsp;&nbsp;<\/p>\n\n\n\n<p>As much as I love BluFx,  they have had some recent issues that give me pause. In December they lost their liquidity provider and traders were unable to execute trades for nearly three weeks. This is a good time to look at <a href=\"https:\/\/mdfinancialskills.org\/best-prop-trading-firms\/\" data-type=\"post\" data-id=\"4616\">other great prop firms<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"488\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-09-at-6.17.11-PM-1024x488.png\" alt=\"January 2023 screenshot of the front page of BluFX website with the slogan &quot;Instant Funding for Forex Traders&quot; \" class=\"wp-image-5506\" srcset=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-09-at-6.17.11-PM-1024x488.png 1024w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-09-at-6.17.11-PM-300x143.png 300w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-09-at-6.17.11-PM-768x366.png 768w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-09-at-6.17.11-PM.png 1329w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pros\"><\/span>Pros&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li><strong>Instant funding<\/strong> \u2014 Instantly receive up to $100K in trading capital without any evaluation or demo account.<\/li>\n\n\n\n<li><strong>Simple trading parameters<\/strong> \u2014 No complicated calculations. Just don\u2019t lose more than 10% of your initial account balance. That\u2019s the only rule.<\/li>\n\n\n\n<li><strong>Loose trading parameters <\/strong>\u2014 Not only are the rules simple, they\u2019re also very trader friendly. The 10% max loss is one of the best in the industry.&nbsp;<\/li>\n\n\n\n<li><strong>Rapid account growth <\/strong>\u2014 Grow a $50K account to a $1 million account in just four stages by hitting 10% profit objective.<\/li>\n\n\n\n<li><strong>Weekly profit withdrawal <\/strong>\u2014 Unlike some firms that make withdrawing profits a chore, BluFX lets you withdraw once a week.<\/li>\n\n\n\n<li><strong>Trustworthy <\/strong>\u2014 BluFX has been in the industry for 10 years and funded more than 20,000 traders. As legitimate as they come.<\/li>\n\n\n\n<li><strong>Simple swap-free account signup<\/strong> \u2014 No extra emails needed. Simply select the swap-free option for either the Pro or Lite Account. <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cons\"><\/span>Cons<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li><strong>Forex only <\/strong>\u2014<strong> <\/strong>If you want to trade any other markets, you\u2019ll have to find another prop firm.&nbsp;<\/li>\n\n\n\n<li><strong>Monthly fees <\/strong>\u2014 BluFX charges a monthly subscription for most accounts. Some traders prefer one-time fees, although the one-time fees for other instantly funded accounts are quite high. <\/li>\n\n\n\n<li><strong>Low leverage<\/strong> \u2014 BluFX only provides 3:1 leverage, which doesn\u2019t give a great deal of buying power.<\/li>\n\n\n\n<li>As of December 9, 2022, no longer available to US traders<\/li>\n\n\n\n<li>Had significant issues with a liquidity provider in mid-December, 2022, which resulted in traders being unable to trade for more than three weeks. As of January 9, 2023, the issue is apparently resolved.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BluFX_funded_trader_program_highlights\"><\/span>BluFX funded trader program highlights<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul>\n<li>No evaluation!<\/li>\n\n\n\n<li>Up to $100K instant funding<\/li>\n\n\n\n<li>50\/50 profit split<\/li>\n\n\n\n<li>10% maximum drawdown<\/li>\n\n\n\n<li>No daily loss limits<\/li>\n\n\n\n<li>Meet 10% profit goal to scale Pro Accounts up to $1 million&nbsp;<\/li>\n\n\n\n<li>Withdraw profits every week<\/li>\n\n\n\n<li>Trade gold, plus 29 major &amp; minor currency pairs<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_should_sign_up_with_BluFX\"><\/span>Who should sign up with BluFX?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>(UPDATE: No one should sign up with BluFX at this time, as they&#8217;ve ceased operations.)<\/p>\n\n\n\n<p>If forex trading is your specialty and you want a funded account with up to $50K in trading capital, BluFX will get you trading as fast as any prop firm in the world. There\u2019s no evaluation, no demo accounts. As soon as your identity is verified and you\u2019ve made your first payment, you\u2019ll be trading a real account with real cash in the real market.&nbsp;<\/p>\n\n\n\n<p>Most traders who sign up with BluFX do so because they love how quickly they get funded, but BluFX is also ideal for traders looking for a long term partnership. BluFX quickly promotes skilled traders, and in just four stages a trader with a Pro Account can become a fund manager with $1 million in capital.<\/p>\n\n\n\n<p>BluFX is also ideal for those who value simplicity. There\u2019s a 10% max drawdown, but that\u2019s the only trading parameter. You don\u2019t have to worry about daily loss limits or complicated trailing drawdowns calculations. Just don\u2019t lose more than 10% of your initial balance. BluFX keeps traders in the game and gives them more of a chance to prove their abilities than most prop firms.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_should_NOT_sign_up_with_BluFX\"><\/span>Who should NOT sign up with BluFX?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you\u2019re a novice trader who doesn\u2019t understand the fundamentals of forex trading yet, you should consider a prop firm with more education resources or further educate yourself before signing up with BluFX.&nbsp;<\/p>\n\n\n\n<p>Although BluFX has a good trading support team to guide you through any problems you may encounter, they do not offer any sort of beginner level education for brand new traders. Learn the forex market first, then sign up with BluFX.<\/p>\n\n\n\n<p>As of December 2022, BluFx is no longer available to US traders, so Americans should <a href=\"https:\/\/mdfinancialskills.org\/best-prop-trading-firms\/\" data-type=\"post\" data-id=\"4616\">sign up with another firm<\/a>.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"All_things_considered\"><\/span>All things considered . . .<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If their liquidity issues are behind them (SPOILER: THEY&#8217;RE NOT), BluFX is your best bet. They get you your trading capital faster than any other prop firm, and with their scaling program and loose trading parameters, you could be well on your way to trading $1 million of their capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BluFX_Basics\"><\/span>BluFX Basics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"BluFX_origin_story\"><\/span>BluFX origin story<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX was founded by Yu Song, who wanted to give the best traders access to capital regardless of their financial or socioeconomic backgrounds. His motives weren\u2019t completely altruistic, of course. Many traders have obtained $1 million accounts with BluFX and have split their profits with the company every step of the way.<\/p>\n\n\n\n<p>In the 10 years since Yu Song started BluFX they have funded more than 20,000 traders in 140 different countries. Traders funded by BluFX make $800 million worth of trades every single day.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_does_BluFX_work\"><\/span>How does BluFX work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX works a lot like any prop firm that offers funded accounts, although BluFX tends to keep things much simpler than most of their competitors. Most prop firms make things so complicated that this is usually one of the longest sections of my reviews, but with BluFX, the explanation is simple.<\/p>\n\n\n\n<p>Sign up, and choose an account size between $10,000 up to $100,000. Make the first of your monthly subscription payments and send the necessary documentation. In as little as a few hours (although more realistically a few days, depending on how long it takes to verify your documents) BluFX will send you the log in on the ctrader trading platform for a funded account with $25,000 or $50,000. Start trading.&nbsp;<\/p>\n\n\n\n<p>Whatever profits you make will be split 50\/50 with BluFX. After you\u2019ve made more than 5%, you can start to withdraw your share of your profits. Or you can keep your profits in the account and trade them as well. If you have a Pro Account, after you\u2019ve gained more than 10%, BluFX will give you more capital to trade. Keep making money, and they\u2019ll keep giving you more.&nbsp;<\/p>\n\n\n\n<p>The best traders will be promoted all the way up to fund manager and be given $1 million worth of capital.&nbsp;<\/p>\n\n\n\n<p>If you lose money, you have no personal liability. BluFX covers your losses. If you lose more than 10% of your initial balance, however, your account will be terminated. As long as you keep the account open, you pay a monthly fee to continue trading BluFX\u2019s capital.&nbsp;<\/p>\n\n\n\n<p>There are a few other nuances regarding maximum trade size and the available trading hours if you chose the Lite Account, but that\u2019s pretty much it!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Can_Americans_trade_with_BluFX\"><\/span>Can Americans trade with BluFX?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>According to a sudden footnote that appeared on the BluFX website in December of 2022, BluFX is no longer accepting US traders. A customer service rep confirmed, blaming &#8220;US laws and regulations.&#8221;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"627\" height=\"46\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-09-at-6.11.22-PM.png\" alt=\"Screenshot of banner from BluFX website that states &quot;Unfortunately we are no longer able to accept traders from the USA&quot;\" class=\"wp-image-5505\" srcset=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-09-at-6.11.22-PM.png 627w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/Screen-Shot-2023-01-09-at-6.11.22-PM-300x22.png 300w\" sizes=\"(max-width: 627px) 100vw, 627px\" \/><figcaption class=\"wp-element-caption\">A banner from the BluFX website that appeared in mid-December<\/figcaption><\/figure>\n\n\n\n<p>That&#8217;s bad news for Americans as BluFX used to be one of my favorite prop firms, but here&#8217;s some <a href=\"https:\/\/mdfinancialskills.org\/best-prop-trading-firms\/\" data-type=\"post\" data-id=\"4616\">good alternatives<\/a>. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_much_does_BluFX_cost\"><\/span>How much does BluFX cost?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For years, BluFX has operated on a subscription basis. Every month you&#8217;re trading with BluFX, you\u2019re responsible for their monthly subscription fee. That\u2019s a pretty common fee structure in the prop trading world, and one that has served BluFX and their traders well for 10 years now.<\/p>\n\n\n\n<p>As part of their anniversary, however, BluFX has added a limited-time account option that allows you to immediately trade real funds after paying a one-time fee. <\/p>\n\n\n\n<style>\n\n.table-container.desktop {\n    display: block !important;\n}\n\n\n.table-mobile {\n    display: none;\n}\n\n\n\n@media only screen and (max-width: 767px) {\n\t.table-container.desktop {\n    display: none !important;\n}\n\t\n\t.table-mobile {\n    display: block;\n}\n\t\n\t\n\tfigure.wp-block-table {\n    min-width: 100% !important;\n    margin:0px !important;\n}\n\n\t\n}\n<\/style>\n\n <figure class=\"wp-block-table\">\n <div class=\"table-container desktop\">\n  <table>\n  <tbody>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">\n        <strong>Name<\/strong>\n      <\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">\n        <strong>Instant Funding Account Size <\/strong>\n        <br>\n        <strong>(Capital\/Buying Power)<\/strong>\n      <\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">\n        <strong>Monthly Fee<\/strong>\n      <\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">Monthly Fee <br>w\/ Promo <\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Mini Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$10,000\/$30,000<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$99<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$94.05<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$25,000 \/ $75,000<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$159<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$143.10<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$50,000 \/ $150,000<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$369<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$313.65<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Super Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$100,000\/$300,000<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$1,099<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$879.20<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Mini Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$10,000\/$30,000<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$129<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$122.55<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$25,000 \/ $75,000<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$219<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$197.10<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$50,000 \/ $150,000<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$489<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$415.65<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Super Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$100,000\/$300,000<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$1,239<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$991.20<\/td>\n    <\/tr>\n  <\/tbody>\n<\/table>\n\n<\/div>\n\n<div class=\"table-mobile\">\n   <table>\n  <tbody>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">\n        <strong>Name<\/strong>\n      <\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">\n        <strong>Instant Funding Account Size <\/strong>\n        <br>\n        <strong>(Capital\/Buying Power)<\/strong>\n      <\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Mini Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$10,000\/$30,000<\/td>\n     <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$25,000 \/ $75,000<\/td>\n        <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$50,000 \/ $150,000<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Super Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$100,000\/$300,000<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Mini Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$10,000\/$30,000<\/td>\n     \n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$25,000 \/ $75,000<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$50,000 \/ $150,000<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Super Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$100,000\/$300,000<\/td>\n    <\/tr>\n  <\/tbody>\n<\/table>\n\n\n\n\n\n\n<table>\n  <tbody>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">\n        <strong>Name<\/strong>\n      <\/td>\n     <td class=\"has-text-align-center\" data-align=\"center\">\n        <strong>Monthly Fee<\/strong>\n      <\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Mini Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$99<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$159<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$369<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Super Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$1,099<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Mini Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$129<\/td>\n     <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$219<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$489<\/td>\n     <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Super Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$1,239<\/td>\n     <\/tr>\n  <\/tbody>\n<\/table>\n\n\n\n\n<table>\n  <tbody>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">\n        <strong>Name<\/strong>\n      <\/td>\n     <td class=\"has-text-align-center\" data-align=\"center\">Monthly Fee <br>w\/ Promo <\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Mini Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$94.05<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$143.10<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Pro<\/td>\n     <td class=\"has-text-align-center\" data-align=\"center\">$313.65<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Super Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$879.20<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Mini Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$122.55<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Lite<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$197.10<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$415.65<\/td>\n    <\/tr>\n    <tr>\n      <td class=\"has-text-align-center\" data-align=\"center\">Swap-Free Super Pro<\/td>\n      <td class=\"has-text-align-center\" data-align=\"center\">$991.20<\/td>\n    <\/tr>\n  <\/tbody>\n<\/table>\n\n\n\n\n  <\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Anniversary_One-Time_Payment_Accounts\"><\/span>Anniversary One-Time Payment Accounts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Name<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Account Size (Capital\/Buying Power)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>One-Time Fee<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Basic<\/td><td class=\"has-text-align-center\" data-align=\"center\">$20,000 \/ $100,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">$429<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Swap-Free<\/td><td class=\"has-text-align-center\" data-align=\"center\">$20,000 \/ $100,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">$549<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"My_Assessment\"><\/span>My Assessment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>I assess prop firms according to seven main criteria. I weigh each criteria evenly, but for you personally, some of these factors will be more important than others. For example, if you are looking at purchasing a Lite Account, the scaling opportunities at BluFX aren\u2019t very relevant to you. So please, prioritize this list according to your personal requirements.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Profit_splits_%E2%80%93_910\"><\/span>Profit splits &#8211; 9\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Traders are never thrilled with the 50\/50 profit split, but that is industry standard for companies that offer instantly funded accounts. Yes, other prop firms offer an 80% or more profit split, but you typically have to endure long evaluation periods with demo accounts in order to be eligible for such a generous profit split.&nbsp;<\/p>\n\n\n\n<p>If you want real capital, immediately, a 50\/50 profit split is as good as it gets.&nbsp;<\/p>\n\n\n\n<p>Several prop firms have offered a higher profit split for instant funding, but it\u2019s not a sustainable business model. <a href=\"https:\/\/mdfinancialskills.org\/what-happened-to-dt4x\/\" data-type=\"post\" data-id=\"4891\">DT4X is a prime example<\/a>. They were briefly the darling of the prop trading world for offering a 60% profit split for instant funding. They didn\u2019t last long and had to cease operations.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Scaling_opportunities_%E2%80%93_1010\"><\/span>Scaling opportunities &#8211; 10\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX offers great scaling opportunities, particularly for those traders who keep trading any accrued capital rather than making withdrawals.&nbsp;<\/p>\n\n\n\n<p>Like all BluFX trading rules, the scaling system is very simple. Pro Accounts start with $50,000. If you achieve 10% profits and keep your profits in your account, BluFX will double your initial capital. Do it again and they will double your account again to $200,000. Hit 10% just one more time and they will bump you all the way up to $1 million.&nbsp;<\/p>\n\n\n\n<p>That\u2019s right, $1 million in just four stages. I don\u2019t think there\u2019s another funded forex account out there that scales you that quick.<\/p>\n\n\n\n<p>And if you do want to make withdrawals, they have a scaling plan for you too. You can join the Steady Growth program, take 5% out every time you hit your profit objective, and still reach the $1 million capital mark in only six stages.<\/p>\n\n\n\n<p>Note that BluFX only offers scaling with their Pro Account, not the Lite Account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trade_parametersprofit_targets_%E2%80%93_910\"><\/span>Trade parameters\/profit targets &#8211; 9\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX earns high marks in this section for the simplicity of their trading objectives. Securing a funded account at some prop firms is less about your trading ability and more a measure of your ability to understand the rules. Not so with BluFX.<\/p>\n\n\n\n<p>BluFX traders have to be wary of one trading parameter: Don\u2019t let your account dip more than 10% below the initial balance. Not too complicated!&nbsp;<\/p>\n\n\n\n<p>The one limitation that irritates some traders is the somewhat limited trading hours with the Lite package. For traders who opt for the Lite Account, trading is only available 6 a.m.\u20139 p.m. London time on weekdays. Those with Pro Accounts don\u2019t have to worry about trading hours. They can trade 24 hours a day, Monday\u2013Friday.<\/p>\n\n\n\n<p>BluFX also doesn\u2019t allow EAs, copy, or robot trading at this time, but you can hold trades overnight.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Affordabilityvalue_%E2%80%93_910\"><\/span>Affordability\/value &#8211; 9\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX is very affordable compared to other prop firms that offer instant funding accounts. The Lite package starts at just $99 per month, which is quite a bit cheaper than the one-time fee you\u2019d pay at <a href=\"https:\/\/mdfinancialskills.org\/the-5ers-review\/\" data-type=\"post\" data-id=\"4831\">the 5%ers<\/a>, for example.<\/p>\n\n\n\n<p>Of course, since BluFX charges a monthly subscription fee, it can add up, particularly if you are languishing just below profitability for months at a time. In that scenario, it\u2019s important to know when to cut your losses. But if you reach 5% and are making profit withdrawals, the monthly fees are a drop in the bucket.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Educational_resources_%E2%80%93_610\"><\/span>Educational resources &#8211; 6\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX doesn\u2019t offer the educational resources you can expect from <a href=\"https:\/\/mdfinancialskills.org\/best-proprietary-trading-firms-for-beginners\/\" data-type=\"post\" data-id=\"4618\">other firms for beginners.<\/a> They do have an excellent trader support team and a very active trading community that can help with risk management, but little in the way of very basic level forex trading education. If you\u2019ve never even had a personal trading account, you should probably get a little more experience before jumping in with BluFX.<\/p>\n\n\n\n<p>BluFX does have a YouTube channel and a blog, but both channels are chiefly used to show off the most recent traders to reach $1 million accounts and to discuss market trends with more experienced traders.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tradable_assets_%E2%80%93_910\"><\/span>Tradable assets &#8211; 9\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Forex traders are quite happy with BluFX\u2019s selection of major and minor currency pairs. You can trade 29 in total. BluFX doesn\u2019t offer trading products in any other markets, however. If you want to trade crypto, stocks, or any other financial instruments, <a href=\"https:\/\/mdfinancialskills.org\/ftmo-review\/\" data-type=\"post\" data-id=\"4747\">FTMO <\/a>or <a href=\"https:\/\/mdfinancialskills.org\/fidelcrest-review\/\" data-type=\"post\" data-id=\"4925\">Fidelcrest<\/a> offer many more options.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trustworthiness_%E2%80%93_810\"><\/span>Trustworthiness &#8211; 8\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You don\u2019t survive 10 years in the prop trading business if you\u2019re not making your payouts or if you\u2019re trying to get the best of your traders. BluFX has built up their business over the years by keeping things simple and affordable. Traders have rewarded them by signing up in droves. To date they\u2019ve funded more than 20,000 traders.<\/p>\n\n\n\n<p>I recently docked BluFX two points on their trustworthy score due to the recent liquidity issues. A lot of traders were scared that the BluFX would fold, but they held on and everything seems to be back to normal. To their credit, BluFX was honest with their traders throughout the lockout. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"My_overall_rating_%E2%80%93_8610\"><\/span>My overall rating &#8211; 8.6\/10<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>I loved the simple rules, the 10% max drawdown, the scaling opportunities, and of course the instant funding that BluFX offered. It is a shame I had to put that sentence in the past sense as BluFX is no longer trading.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Others_are_Saying\"><\/span>What Others are Saying<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TrustPilot\"><\/span>TrustPilot<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX has a 4.4\/5 rating on TrustPilot, which is more than good enough to receive an \u201cexcellent\u201d rating. As of this writing they have more than 950 reviews that give credence to their great rating and are a testament to how many traders BluFX has funded.<\/p>\n\n\n\n<p>That rating has definitely taken a hit recently due to the liquidity provider issues that froze out traders for several weeks. However, many traders were satisfied with BluFX&#8217;s response to a pretty tough situation. Now with everyone trading again, most reviewers have nothing but good things to say.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Google_Business\"><\/span>Google Business<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX has somehow managed a 4.4\/5 on Google, which is a miraculously high score by Google standards. By way of comparison, the pub across the street from BluFX\u2019s London office only has a 3.9. If you give your prop trading firm a higher score than a pint or two at your local pub, you\u2019re pretty damn pleased with your prop firm.&nbsp;<\/p>\n\n\n\n<p>The good reviews mention BluFX\u2019s integrity and on-time payouts, while a few bad reviews criticized the company for not being responsive to queries on Instagram and other social media platforms.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overall\"><\/span>Overall<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX has such a good reputation that it\u2019s hard to find any really good dirt. A lot of prop trading firms have former traders foaming at the mouth to tell you about bad experiences. Not BluFX. BluFX is well loved for their trading support, simple trading requirements, weekly payouts, and more.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_BluFX_legit\"><\/span>Is BluFX legit?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yes, it was. BluFX was as legit as they come. More than 20,000 traders over the last 10 years could verify that BluFX was for real. Unfortunately they had to cease operations in March of 2023.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_trading_platform_does_BluFX_use\"><\/span>What trading platform does BluFX use?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX now exclusively uses cTrader. <\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"654\" src=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/image.png\" alt=\"Screenshot of BluFX cTrader app as it appears in the Apple App Store\" class=\"wp-image-5558\" style=\"width:577px;height:503px\" srcset=\"https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/image.png 750w, https:\/\/mdfinancialskills.org\/wp-content\/uploads\/2023\/01\/image-300x262.png 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><figcaption class=\"wp-element-caption\">BluFX cTrader is available for download in the Apple App Store.<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Does_BluFX_offer_discounts_or_promo_codes\"><\/span>Does BluFX offer discounts or promo codes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>No. They are effectively out of business. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Can_anyone_join_BluFX\"><\/span>Can anyone join BluFX? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX has funded traders from more than 140 countries, and states on their website that they have no geographic restrictions. However, a recent update states that they can no longer accept traders from the US. <\/p>\n\n\n\n<p>A customer service representative in the BluFX Discord channel confirmed the news and said that the reason for the sudden restriction is &#8220;US laws and regulations,&#8221; so it sounds like this change is permanent. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_BluFX_trading_hours\"><\/span>What are BluFX trading hours?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For those traders who opted for a Lite Account, you must trade 6 a.m.\u20139 p.m. London time. Traders with a Pro Account can trade 24 hours a day from Monday to Friday.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_can_I_trade_with_a_BluFX_funded_account\"><\/span>What can I trade with a BluFX funded account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX offers trading of 29 major and minor forex pairs, plus gold.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_types_of_accounts_does_BluFX_offer\"><\/span>What types of accounts does BluFX offer?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>BluFX offers instantly funded accounts with account sizes ranging from $10K (Mini Lite) up $100K (Super Pro). These accounts are also offered as Swap-Free accounts.&nbsp;<\/p>\n\n\n\n<p>For their anniversary, BluFX is offering a special account that charges a one-time fee, which differs from their typical subscription model. This account is also a real account, but you are on a probation account for 60 calendar days.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Does_BluFX_offer_swap-free_accounts\"><\/span>Does BluFX offer swap-free accounts?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yes, BluFX offers swap-free versions of all of its accounts. BluFX makes it very very easy to sign up for a <a href=\"https:\/\/mdfinancialskills.org\/prop-firms-that-offer-swap-free-accounts\/\" data-type=\"post\" data-id=\"5048\">swap-free account<\/a>. Simply click on the Swap-free option as you choose your account. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_BluFX_regulated\"><\/span>Is BluFX regulated?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>No. BluFX, like almost all prop firms, doesn\u2019t really fall under regulation from any of the world\u2019s large financial governing bodies. Prop firms, by definition, use their own capital. Since they are not raising funds from the general public or acting as forex brokers or dealers, they avoid regulation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Does_BluFX_give_you_a_second_chance\"><\/span>Does BluFX give you a second chance?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Yes, you can pay a refinance fee of \u00a350 to reset your balance to the initial amount, so long as you have not breached the 10% maximum drawdown. After paying the reset, you can continue trading at your initial account balance.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>BluFX is an excellent prop trading firm for Forex. I review the rules, pros &#038; cons, plus any current discounts.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable":"<p>BluFX is an excellent prop trading firm for Forex. I review the rules, pros &#038; cons, plus any current discounts.<\/p>\n","category_list":"<a href=\"https:\/\/mdfinancialskills.org\/category\/trading\/prop-trading\/\" rel=\"category tag\">Prop Trading<\/a>","author_info":{"name":"Michael Diamond","url":"https:\/\/mdfinancialskills.org\/author\/michael\/"},"comments_num":"10 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable_v2":"<p>BluFX is an excellent prop trading firm for Forex. I review the rules, pros &#038; cons, plus any current discounts.<\/p>\n","category_list_v2":"<a href=\"https:\/\/mdfinancialskills.org\/category\/trading\/prop-trading\/\" rel=\"category tag\">Prop Trading<\/a>","author_info_v2":{"name":"Michael Diamond","url":"https:\/\/mdfinancialskills.org\/author\/michael\/"},"comments_num_v2":"10 comments","_links":{"self":[{"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/posts\/4992"}],"collection":[{"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/comments?post=4992"}],"version-history":[{"count":11,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/posts\/4992\/revisions"}],"predecessor-version":[{"id":6873,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/posts\/4992\/revisions\/6873"}],"wp:attachment":[{"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/media?parent=4992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/categories?post=4992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mdfinancialskills.org\/wp-json\/wp\/v2\/tags?post=4992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}