BluFX FCA Issues and Account Closed- What’s the Issue?

BluFX is a proprietary firm incorporated on the 14th of June 2017. They are based in London, UK, and provide undercapitalized traders with funding up to $1,000,000 with a 50% profit split. Starting with a real account of $10,000, $25,000, $50,000, or $100,000, you can scale it up from there. As their broker, they partner with a tier-1 liquidity provider that offers direct market access.

  • Real accounts.
  • Maximum capital allocation of $1,000,000.
  • Weekly payouts.
  • Overnight holding allowed.

BluFX FCA issue and Account Closing

Undoubtedly, you have noticed that BluFX has been experiencing setbacks over the past few months. First, they had some issues with accounts and then their website. This has been due to the FCA hindering the BluFX business with activities such as suspending their website without reaching out to them in any form. The firm has shared that this behavior was unprofessional.

BluFX has been in touch with the FCA, which has been a long, arduous process. They are pursuing restitution from them for their negligence in devastating their business. That said, BluFX has shared that they are still pushing forward.

However, due to the fact that they are synonymous with a certain standard of service, it has become important that they temporarily take a step back to sort this out. BluFX regrets to inform its community that it is closing all BluFX accounts from Friday, the 10th of March.

BluFX has shared that they will restructure their business. Rather than try to keep things going under conditions that make it impossible to continue to provide the level of service they have been known for before this for over ten years of operation, they chose to close the accounts. The firm sincerely apologizes that recent events have affected approved payouts tremendously. BluFX has promised that they will communicate further details as soon as issues are resolved with FCA.

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