BUX

BUX Europe Limited is a Cyprus-registered brokerage that, according to our records, was established on 23 December 2022. The company lists its registered address at Lima Carna Building, Office 101, 67 Franklin Roosevelt Ave, Limassol 3011, and operates under the official domain buxmarkets.eu. The firm describes itself as an old brokerage founded in 1996, though the registration date in our records is considerably more recent.

BUX presents itself as a provider of contracts for difference (CFDs) across multiple asset classes, including shares, indices, currencies, and commodities. The company holds a single licence from the Cyprus Securities and Exchange Commission (CYSEC), with the licence type listed as Market Making (MM). However, our records indicate that the current status of this licence is suspicious, with a note suggesting it may be a clone.

The only regulator on file for BUX Europe Limited is CYSEC, the financial regulator in Cyprus. The licence on file is for Market Making (MM) activity, with licence number 374/19. We cross-checked this licence against the public register, but the status field in our records is left blank, and the company description flags the licence as a 'suspicious clone'. This means that while a licence number exists in our records, its validity and association with this specific entity are not confirmed.

For traders, this regulatory ambiguity is a significant concern. A CYSEC licence, if genuine, would provide a degree of oversight and investor protection under EU financial regulations. However, the suspicion of a clone licence means that the entity operating under the name BUX may not be the legitimate holder of that licence. We advise caution and recommend that any trader verify the licence directly with CYSEC before engaging with this broker.

According to the company description in our records, BUX offers CFDs on shares, indices, currencies, and commodities. This is a typical product range for a retail CFD broker, allowing traders to speculate on price movements without owning the underlying asset. The inclusion of currencies suggests that forex trading is part of the offering, though the exact trading conditions, such as spreads and leverage, are not disclosed in our records.

It is important to note that the actual trading platform, account types, and specific instruments are not detailed in the known facts. The official website, buxmarkets.eu, may provide this information, but our web search results did not yield reliable data that matched this entity. As such, we cannot confirm the current availability of these instruments or the trading environment.

Our records do not specify the account types or trading platforms offered by BUX. Typically, brokers in this space offer a range of accounts, such as standard, mini, or Islamic accounts, and may provide platforms like MetaTrader 4 or 5, or proprietary web-based platforms. However, without official website information or reliable web results, we cannot confirm any of these details.

Traders considering BUX should be aware that the lack of verifiable information about the trading platform is a red flag. A legitimate broker usually provides clear details about its platforms and account options. The absence of such information, combined with the suspicious licence status, suggests that this broker may not be operating with full transparency.

In FXCanary's assessment, BUX Europe Limited presents a guarded risk profile, with a Scam Risk Score of 41 out of 100. This score is based on two primary risk flags: withdrawal complaints in approximately 100% of recent reviews, and no verifiable website or social-media presence. The withdrawal complaints are particularly concerning, as they suggest that clients may face difficulties in accessing their funds.

The lack of a verifiable online presence is also troubling. A legitimate broker typically maintains a functional website and active social media channels to communicate with clients and provide updates. The absence of these, combined with the suspected clone licence, paints a picture of a broker that may not be reliable. We strongly advise traders to exercise extreme caution and to conduct thorough due diligence before depositing any funds.

In summary, BUX Europe Limited is a Cyprus-registered broker that claims to offer CFD trading across multiple asset classes. However, our records indicate a suspicious licence status, a high rate of withdrawal complaints, and a lack of verifiable online presence. These factors contribute to a guarded risk score of 41/100.

For traders, the prudent course of action is to avoid this broker until the regulatory status is clarified and independent reviews become available. The absence of reliable public information is itself a warning sign. We recommend that traders seek brokers with clear regulatory oversight and a transparent track record.