page title icon BLUFX REVIEW – RULES, PROS, CONS & PROMOS (2023) from qocsuing's blog

page title icon BLUFX REVIEW – RULES, PROS, CONS & PROMOS (2023)

BluFX offers instant funding of up to $100,000 for forex traders, loose trading parameters, and incredibly simple rules. If you’re not based in the US, you can join BluFX at one of the most popular prop firms in the world.To get more news about blufx review, you can visit wikifx.com official website.

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. Everything seems back to normal, but until we’re certain it might be a good time to look at other great prop firms.
Who should sign up with BluFX?
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’s no evaluation, no demo accounts. As soon as your identity is verified and you’ve made your first payment, you’ll be trading a real account with real cash in the real market.

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.

BluFX is also ideal for those who value simplicity. There’s a 10% max drawdown, but that’s the only trading parameter. You don’t have to worry about daily loss limits or complicated trailing drawdowns calculations. Just don’t 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.

Finally, if you have trading experience and know your way around trading platforms but haven’t yet had a funded account, BluFX is a great place to start. They are among the most popular, trustworthy prop firms in the world.

Who should NOT sign up with BluFX?
If you’re a novice trader who doesn’t 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.

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.
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’t 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.

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.

How does BluFX work?
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.

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.

Whatever profits you make will be split 50/50 with BluFX. After you’ve 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’ve gained more than 10%, BluFX will give you more capital to trade. Keep making money, and they’ll keep giving you more.