QUESTIONS
& ANSWERS

The BluFX project relies on the trading data from a wide range of traders with different approaches, strategies and ability. This data drives our risk management and automated trading strategies. The more trader data we have, the better our behavioural models, the more we are able to manage risk and the more traders get promoted to provide better returns alongside our AI. Our proprietary AI underpins the whole platform and is the game-changer.

Profit withdrawals may be used to pay for the next subscription. Profits may only be withdrawn in 5% blocks.

We accept all card payments. If you wish to use another payment method, please contact us.

We would need documents that certify the following details: 1. Full name 2. Proof of address 3. Proof of ID (passport or licence) 4. Phone Number 5. Email address which will be associated with your trading account

We do not provide demo accounts.

BluFx makes money by operating a risk and funding matrix. The majority of traders are at the bottom of the matrix and receive the least funds and generate the most behavioural data. At the other end of the matrix are the fewest traders and our behavioural AI which receive the most funds and data.

We do not hold clients’ money or trade for the public. We are not brokers and do not require FCA regulation. All our traders' funded accounts are held by our FCA regulated broker.

If you would like to upgrade or downgrade your subscription, you may do that at the end of your subscription cycle. However, if you would like to do it before your subscription cycle ends then you may pay the difference in package fee. Your upgrade will be applied immediately to your existing subscription cycle. Mid-cycle downgrades will also be applied immediately to the existing cycle.

Flexibility is the main strength of the BluFX platform. You may start and stop trading after each subscription cycle. Your account and MT4 will be ready to go when you are ready to continue.

The BluFX platform is driven by trader data and behavioural risk management models. To that end we impose the absolute minimum restrictions on trading strategy and styles. The trading terms and conditions are a function of our risk management and must be followed by all traders. Please read the terms and conditions for your subscription package before trading.

We will normally complete the process of creating and funding your account within one business day assuming you provide all required documentation when requested.

Once you make payment, we will collect information about you and then create your account at the broker. We will then fund the account and you will be sent account login details and MT4 installation link. You can then read our terms and conditions carefully and start trading.

You may visit our office to meet the team. All visits are by appointment only.

Traders are responsible for closing positions according to the terms and conditions. A pattern of unauthorised positions will make the trader ineligible for withdrawals or promotion and will result in account closure.

You will be trading on a live spot FX account at a UK FCA regulated brokerage. The only difference is that we own the account and let you operate it as a subscriber. Also each time you withdraw, we split the profits.

Our broker has these contracts available for other customers, we are unable to change this. We can and do set our own internal risk parameters that must be followed by each trader. These must be agreed to upon account funding. Traders unable to follow guidelines are an unacceptable risk within our business model.

Our trading hours are between 0600 and 2100 London time. This is when our human risk managers are active. No positions may be opened outside this time. Pro account holders may carry positions or close out positions outside this period. Basic account holders may not open or hold positions outside this period.

With BluFx you simply pay and then trade, there are no simulations or demos or trading limits or tests, trials, combines or any other confusing ways of messing around. Try it for yourself with our basic subscription - you can upgrade at any time and you can even receive a refund if it's not what we say.

We do not allow traders to use EAs or robots as our risk management setup currently prohibits this.

No. Our trading parameters are all set in line with  our analysis of vast amounts of trader data. We have set the leverage at the level that allows traders who have developed strategies that do not rely on luck and are suitable for low risk and consistent returns when applied to large amounts of trading capital. Therefore our leverage level is fixed to achieve our objectives for the BluFX project.

Over each accounting period, 33% of our traders make profits - but this depends on their strategy and ability. The BluFX project encourages traders to develop strategies that rely less on luck and more on long-term positioning.

The BluFX Project is designed to encourage a wide range of traders at Stage 1. However, those traders that get promoted through stages 2-4 by definition are the best at profiting in an environment of low leverage, low drawdowns and consistent account growth. Indeed it is this assurance that we offer our investors who participate in the project via our BluCo AI algo, which uses the behavioural data generated by all traders and especially the promoted and proven ones. Therefore our parameters cannot be changed to suit an individual style, as doing so would have an impact on the performance of BluCo AI and would have to be disclosed to investors. The easier stage 1 is the less reliable BluCo AI could be, therefore parameters will not be changed. Our BluCo AI has an incredible track record and we are now actually about to make it available to retail investors on a subscription copy trade basis.

BluFX provides funding for experienced traders. We do not provide any training or make trading recommendations. We provide the funds and you provide the trading talent. However, we have a number of educational partners that offer various training schemes. Please see our partner page for details.

The BluFX project is unique in that it allows any trader with any experience to compete for serious amounts of funding. We allow the trader to do this for an amount that is lower than the typical cost of using your own money at a broker to create a track record and then seek funds to trade serious amounts.

As explained before, the more trader data we have, the better our behavioural models, the more we are able to manage risk and the more traders get promoted to provide better returns alongside our AI. Therefore the only verification or qualification needed is the trader’s own strategy. Every trader regardless of background then has an equal chance of competing for promotion and increased funding.

We do not place restrictions on traders geographically. We have traders from over 60 countries. It is up to the trader to make sure of compliance with local regulations.

If your account is in deficit by 10%, you will be required to stop trading. Your account will be reviewed and recommendations made. We may allow you to continue or we may recommend that you stop.

The BluFX project relies on the trading data from a wide range of traders with different approaches, strategies and ability. This data drives our risk management and automated trading strategies. The more trader data we have, the better our behavioural models.

The lot size is the amount of currency you can trade against the base currency. Different currency pairs will have different contract specifications. For detailed information about limits, margin, position size and other trading account parameters please refer to this blog: https://blog.blufx.co.uk/blufxmargin

We offer 28 of the most liquid pairs. For detailed information about limits, margin, position size and other trading account parameters please refer to this blog: https://blog.blufx.co.uk/blufxmargin

We do not provide demo accounts. We would prefer our traders to trade live with an FCA brokerage account and we control and assume losses on a global basis, rather than have them create unrealistic results on a demo.

The spread is the difference between buy and sell price for a currency pair. Our spreads include all commissions. As our spreads are variable, the size of this difference will depend on the specific pair and time of day as well as market volatility. This variable is set by our liquidity providers and is much better than retail traders typically get from their brokers and is in line with professional traders expectations. EURUSD for example is around 1.2 pips during the normal European trading session.

We do not hold clients’ money or trade for the public. We are not brokers and do not require FCA regulation. All our funded accounts are held by our FCA regulated broker.

If you would like to upgrade or downgrade your subscription you may do that at the end of your subscription cycle. However, if you would like to do it before your subscription cycle ends then you may pay the difference in package fee. Your upgrade will be applied immediately to your existing subscription cycle. Mid-cycle downgrades will also be applied immediately to the existing cycle.

Flexibility is the main strength of the BluFX platform. You may start and stop trading after each subscription cycle. Your account and MT4 will be ready to go when you are ready to continue.

The BluFX platform is driven by trader data and behavioural risk management models. To that end we impose the absolute minimum restrictions on trading strategy and styles. The trading terms and conditions are a function of our risk management and must be followed by all traders. Please read the terms and conditions for your subscription package before trading.

We provide funding with no strings attached. We do not tell you how to trade or offer any advice. We believe that the funding should be the easiest part of trading.

The BluFX project is unique in that it allows any trader with any experience to compete for serious amounts of funding, for an amount that is lower than the typical cost of using your own money at a broker to create a track record and then seeking funds to trade serious amounts.

BluFX provide funding for experienced traders. We do not provide any training or make trading recommendations. We provide the funds and you provide the trading talent.

Our accounts are held by an FCA regulated UK broker. They clearly differentiate between live and demo platforms. All our accounts connect to their live platform. We do not offer demo accounts.

BluFx make money by operating a risk and funding matrix. The majority of traders are at the bottom of the matrix and receive the least funds and generate the most behavioural data. At the other end of the matrix are the fewest traders and our behavioural AI which receive the most funds and data. Our AI trades 8 currencies, our traders trade 28 permutations of those currencies. Losses at trader level are manageable as long as our trading guidelines are followed by all participants.

The BluFX project relies on the trading data from a wide range of traders with different approaches, strategies and ability. This data drives our risk management and automated trading strategies. The more trader data we have, the better our behavioural models and the more we are able to manage risk and the more traders are promoted to provide better returns alongside our AI. Our AI underpins the whole platform. Therefore the only verification or qualification needed is the trader's own strategy. Every trader regardless of background then has an equal chance of competing for promotion and increased funding.

The subscription fee is the innovation created by BluFX. It is designed to allow the maximum number of participants to compete with live accounts for increasing funding. The amount of the subscription is designed to offer better value than using a brokerage to try and increase account size. The fee covers risk mitigation. Trading risk is covered by our proprietary AI trading models.

If you reach the 1 million target, then we will offer you a position as a fund manager. At this point you will no longer have to pay a subscription fee. You will be compensated by a share of your profits.

You cannot place a buy and a sell in the same pair at once – this is unauthorised trading. You can place buy and sell in two correlated pairs – as long as it's not a technique that aims to circumvent margin limits.

If you use our basic subscription for only intraday with no overnights, no swap charges would be incurred. Currencies in Islamic law are permitted to be exchanged at spot (today) according to AAOIFI Shariah Standards. We currently do not offer swap free Islamic accounts.

We use Price Markets UK who are regulated by the FCA.

We have had to implement some changes to the way leverage and margin requirements are calculated due to ESMA regulations that came into effect on 08/2018. Hence lower leverage/higher margin requirements. The effective leverage remains 1-3.

Our broker has these contracts available for other customers, we are unable to change this. We can and do set our own internal risk parameters that must be followed by each trader. These must be agreed to upon account funding. Traders unable to follow guidelines are an unacceptable risk within our business model.

Your issue was caused by the actions of the liquidity providers that take the other side of your trades. There are different types of spot FX systems with different ways of handling fills. Some brokers may use ECNs so that they guarantee fills if a certain price is traded. Other brokers route trades to liquidity providers. We are not brokers and we trade through a broker that routes trades to liquidity providers. Therefore sometimes prices that are shown are not filled for everyone especially if it’s at a high or low. That’s because at that price, say the low of the day, the liquidity providers are not willing to keep sell orders at that level for long and shift their bid/offer spread upwards. Therefore the first buy orders get filled and everyone else in the queue is disappointed. It’s simple supply and demand.

We use industry-standard MT4.

We do not allow traders to use EAs or robots as our risk management setup currently prohibits this. We hope to develop the system to accommodate EAs in the near future.

The maximum lot size will depend on currency pair and amount of margin you have available. Different currency pairs will have different margin requirements. The lot size is the amount of currency you can trade against the base currency. Different currency pairs will have different contract specifications. For detailed information about limits, margin, position size and other trading account parameters please refer to our blog on BluFX margin.

Our trading parameters are all set in line with our analysis of vast amounts of trader data. We have set leverage at the level that allows traders who have developed strategies that do not rely on luck and are suitable for low risk and consistent returns when applied to large amounts of trading capital. Therefore our leverage level is fixed to achieve our objectives for the BluFX project.

We would suggest that you enter positions with smaller lot sizes. That way you would be able to partially close your positions by closing the smaller units. This should help with your risk management. Otherwise, if you split a larger unit you will have a new position created again.

The commissions are integrated with the buy/sell spread. Different currency pairs will have different contract specifications.

If you want to place a position of long 0.73 lots you would need to enter orders of 0.5 and 0.23.

You will be trading on a live spot FX account at a UK FCA regulated brokerage.

Risk management is fundamental to the BluFX project. To provide our funding to traders with different strategies our risk team must be active when our traders are active. Our risk team comprises AI as well as humans. Trading unauthorised currency pairs or positions carried overnight or over the weekend represents a deviation from our models and forces the adoption of disproportionately expensive short-term risk management solutions. These include a variable hedging cost that will be passed on directly to the trader’s account. There is also a separate fixed carry fee that is applied per contract per night. Therefore it’s very important that individual traders ensure compliance with our few trading guidelines especially regarding trading hours and currency pairs permitted. Where possible the risk team will ask the trader to close the position or attempt to close them. This will cause the account to be restricted and existing passwords to become read-only or to stop working completely. A request must be made to the trader manager to recreate the passwords and enable normal trading.

The trading guidelines are designed to have minimal restrictions on a trading strategy. Our platform is dependent on our risk management models and the few guidelines we do impose are a result of this function. There are no minimum or maximum limits for the number of trades or loss per trade. As stated before, the only limit is a total drawdown limit of 10%.

This is a result of how our broker deals with partial position closes. When you make the original trade, for example, buying 0.5 lots GBPUSD, transaction number 123 is created. When you decide to partially close the trade by closing 0.2 lots and running the remaining 0.3 lots the following happens; the original transaction of 0.5 lots long is closed and a new transaction is created of 0.3 lots long from the partial exit price. This is an accounting function and does not change the profit or loss. If your new trade of 0.3 lots drops in price then your original trade of 0.5 lots would also have dropped in price from the partial exit point.

The trading hours that we operate in are 0600 - 2100 London Time. Trades may be opened and closed during this time which equates to the European session. No trades maybe opened outside these hours. Pro account holders may carry positions or close out positions outside this period. Basic account holders may not open or hold positions outside this period.

Many traders prefer to continue from their previous balance at the start of each subscription cycle as they want to build a track record based upon the initial balance. As long as traders have followed the trading guidelines and have not engaged in unauthorised trading then we can refinance the account to give a fresh start at the next subscription cycle upon request. This is subject to approval from the Risk Team.

The trading guidelines are designed to have minimal restrictions on trading strategy. Our platform is dependent on our risk management models and the few guidelines we do impose are a result of this function. There are no maximum loss limits per trade or per day. The only limit is a total drawdown limit of 10%.

After account growth, your drawdown limit remains 10%. Therefore on the 100k account, if you lose 10k your account will be reviewed by the risk team. They may reset you back to the lower level of 50k. However, you will not be reset to 50k just for being negative in the account.

This depends on the volatility of the market. We have months where a high percentage of our traders hit targets. We never have months without withdrawals.

Our target is to promote 33% of traders who join our risk matrix at the bottom level. Those who get promoted to the very top are by definition the minority at any one time.We so far have between 1 - and 4 active fund managers from the project.

The surplus will remain available for the trader up to 6 months. After 6 months without activity, the surplus will be credited to BluFX.

When you request the 5% profit withdrawal your subscription needs to be active. If your subscription expires after request you will still receive the profit withdrawal, providing the request was made before the 20th of the month. Payments are then processed on the 25th of the month.

No, we do not use skrill.

We make payments via PayPal or bank transfer.

Profit withdrawals may be used to pay for the next subscription. Profits may only be withdrawn in 5% blocks.

If you would like to upgrade or downgrade your subscription you may do that at the end of your subscription cycle. However, if you would like to do it before your subscription cycle ends then you may pay the difference in package fee. Your upgrade will be applied immediately to your existing subscription cycle. Mid-cycle downgrades will also be applied immediately to the existing cycle.

You may withdraw all your profits in incremental blocks of 5%. Therefore if you realised a 21% profit , you could immediately withdraw 5% x 4 = 20%. You would then need to make a further 4% to be able to withdraw another 5% block.

The BluFX platform is driven by trader data and behavioural risk management models. To that end we impose the absolute minimum restrictions on trading strategy and styles. The trading terms and conditions are a function of our risk management and must be followed by all traders. Please read the terms and conditions for your subscription package before trading.

At anytime an account has at least 5% in profit, a request for withdrawal can be submitted. The 5% amount will be removed from the trading account. The traders 50% profit share will then be transferred to the traders bank account or PayPal. There is no limit to the number of withdrawal requests however all money is sent on the 25th of each month.

Traders can choose either withdrawal or account growth or even both as long as they achieve the respective targets. Therefore a trader making 15% could request a withdrawal as well as account growth.

5% is the minimum target for profit withdrawal. Further withdrawals can be made in incremental blocks of 5%.

All account withdrawals are in US dollars. We send your profit share in US dollars. The amount that you receive will depend on your local exchange rate at the receiving institution. We have no control over this rate.

You may withdraw all your profits in incremental blocks of 5%. Therefore if you realised a 21% profit , you could immediately withdraw 5% x 4 = 20%. You would then need to make a further 4% to be able to withdraw another 5% block.

No timeframes are set for growth or withdrawal targets.

The following scenario explains the growth process and how promotion works.   1. You have a 50k account – you need to make 5%(2500) to withdraw – you then get 50% and we get 50% (1250 each) 2. You have a 50k account and you are up 54,500 – you can withdraw 5% (2500). You cannot withdraw another 5%, you cannot receive growth (you need 10% for growth - 5000) 3. You have a 50k account and you are up to 55000 – you may withdraw 5%+5% (5% blocks only). OR you may request growth with 10%. If you request growth, you receive another 50k, your new balance is now 105k. Growth requires 10% (5000) to be kept in the account and not withdrawn. Therefore with your new balance of 105k you need to make a further 5% block on top of the 105k to withdraw. This is 5000 (5% of 100k account). So to withdraw your 105k account has to grow to 110k. At 110 you have made 5k on 100k and can withdraw 5%(5000). Your minimum balance is now 105k. 4. You have 105k in your account. You make 5% (5000) you can withdraw. If you make 10% (10000) you can grow again. So if you get up to 115k (105min +10k) you can request growth. If you request growth your new balance becomes 115k+100K=215k. 5. You now have a 215k account. 200k is for trading and 15k is the growth amount that serves as a deposit. So to withdraw, you now need 5% of 200k = 10k. To grow you need 10% of 200k=20k. So to withdraw you need a balance of 215+10=225k. And to grow you need a balance of 215+20=235 6. In summary 50k account needs 50k+5% for withdrawal. 100k account needs 105+5% for withdrawal. 200k account needs 215+5% for withdrawal. The growth amount cannot be withdrawn or the extra funding will be removed.                                                         "

30 days.

You may upgrade your subscription package at any time.

A certain amount of trust must be in place by both sides in any business arrangement. We would not stay in business if we failed to pay a trader his profit share, just as a bank would not stay in business if they failed to pay their depositors.

When you request the 5% profit withdrawal your subscription needs to be active. If your subscription expires after request you will still receive the profit withdrawal, providing the request was made before the 20th of the month. Payments are then processed on the 25th of the month.

If you reach the 1 million target, then we will offer you a position as a fund manager. At this point, you will no longer have to pay a subscription fee. You will be compensated by a share of your profits.

The subscription must be paid by every trader and covers our basic costs associated with administration, risk management and the MT4 platform.

Someone else can pay for your subscription. If you make a payment from a different PayPal account, we will need an email from that PayPal address to confirm that they have made payment for your subscription. If payment is made from a bank account with a different name, then we will require an email from that person.

Once you have made payment for your subscription, we will begin the process to setup up your trading account. This will include opening and funding the account with a UK FCA broker. Once this is complete and you provide us with identification documents, we will then send you the login details for your new account and links to download MT4.

Our refund policy can be found on the following page; https://blufx.co.uk/products/

All account withdrawals are in US Dollars and we send your profit share in US Dollars. The amount that you receive will depend on your local exchange rate at the receiving institution. We have no control over this rate.

This depends on the volatility of the market. In good months, a high percentage of our traders hit targets.