BUX X has been downloaded by over 2.6 million people in 9 European countries
You say you’re trustworthy, but how can I be sure?
Here below, we show you why trading with BUX X is safe and reliable.
BUX X is a trading name of BUX Financial Services Limited which is authorised and regulated by the Financial Conduct Authority, the UK financial regulator, registration number 184333.
All BUX X clients are protected by the British Financial Services Compensation Scheme (FSCS) : In the unlikely event that BUX goes into liquidation, the FSCS will settle the shortfall to the extent of £85,000 per person.
Money from you, as a customer, will always be kept separate from our own company assets: that’s a requirement of the FCA.
Depositing and withdrawing money from your BUX X account is fast and hassle-free.
Our systems are frequently checked by online security experts so your information is secure and protected with us.
All server communication is TLSv1.2 encrypted. So no data falls prey to digital voyeurs.
BUX X has more than 2,600,000 users. You can find our app in the Google Play Store and the Apple App Store.
Over 170,000 users have opened an account with BUX X to trade with real money.
How does it work
under the hood?
With BUX X, you buy Contracts for Difference (CFDs). These are financial products issued by a bank or other financial institution, that allow traders to take advantage of the movement of prices of listed assets like stocks, commodities and currencies. Trading CFDs enables you to take a position on the change in the value of the underlying asset, whether it’s a Facebook share, oil or gold.
So why not just trade shares?
One can choose CFDs over shares for two reasons. First, CFDs allow you to invest any amount you wish, therefore not making it necessary for you to pay the full price of a share. This comes in handy when you want to trade expensive stocks.
Second, CFDs can be traded with leverage, which means that you can open a position by investing only a fraction of its value and borrowing the rest from the broker. Leverage increases both the risk and potential rewards of a trade. On BUX X, the leverage is called Multiplier. Learn more about it here.
Finally, like shares, CFDs entitle you to receive dividends when they’re distributed to shareholders.
Please keep in mind that there are risks associated with CFD trading such as the risk of losing all your account balance.
You can learn – and earn – from trading.
But you can also lose money. First tip: Don’t trade with money you’re not prepared to lose. And if you’re trading with real money, start small. To protect you and lend a hand, we’ve put in place some unique security measures.
When your BUX X account value is above €500, you’re not allowed to put all your money into a single trade. Spreading your money means spreading your risk, and we want to encourage this.
If you have zero experience with trading, then you're first required to practice with a demo account. Only then, once you get the hang of it, can you move on to trading with real money.
Leverage allows you to earn a lot in a short time period, but you can also lose as much just as quickly. We see this as irresponsible trading. BUX X follows strict ESMA regulations, so we offer limited leverage with our Multipliers. These range from x5 for stocks up to a maximum of x30 when trading currencies.
With BUX X, you can never lose more than the amount you've invested in a trade. As we said before, we are not offering excessive leverage, because this is irresponsible. That's why we try to prevent big losses by offering limited Multipliers.
We like to keep it clear. Which is why, with the tap of a button, you can instantly see the transaction fees for a trade. And for the seasoned traders, we don't have 'spread' (different rates for buying and selling). We simply use one price for both buying and selling.
Of course, you have better things to do than to watch your trades all day, waiting for the best time to close them. So with BUX X, you can set alerts. You get a push message when a specified price is almost reached. And if you use our auto-close feature, it automatically closes your position when it reaches a predetermined limit of your choice. So you can have full control and zero worries.